Binance Exchange: Beginner’s to a Pro guides in 3 minutes

Binance exchange is one of the fastest growing and leading crypto exchange platforms where you invest or trade crypto assets. Most crypto millionaires and billionaires use Binance. You too can use it because it is one of the most trusted crypto exchange platforms in existence currently. Learn how to create an account on Binance Exchange and get verified in seconds. Not ready for much talk? Register Now

About Binance

• Website: Binance.com
• Registration Link: Binance sign-up page
• Social Media Handles: X | Facebook | Telegram | WhatsApp
• Founder(s): Changpeng Zhao and Yi He
• Launch Date: June 2017
• Legit or a scam: Legit
• Work for Binance? Update Info!

Before registering an account on Binance, it is necessary to know about Binance, what Binance does, the requirements for Binance registration, how to register on Binance, how to get verified on Binance, how to make your first deposit on Binance and how to trade crypto assets on Binance. This article will guide you from the beginner level to the pro level so that you can start your crypto business once you finish reading this article. Ensure to read this article line-by-line before creating a Binance account.

Overview of Binance

Binance is the world’s largest crypto exchange platform founded by Changpeng Zhao in 2017. It had a 76 Billion dollar daily trading volume as of August 2022. Currently has over 170 million users globally. Binance supports over 600 cryptocurrencies listed on its platform. The exchange has gained the love and trust of the people and secured rapid exchange between fiat and volatile coins as one of the crypto exchanges of many users across the globe. With Binance, users don’t only buy crypto assets they also trade, invest and save on the app. It also offers an API for developers interested in integrating their trading application into Binance. It also supports QR codes for more secure logins and transactions. At the most basic level, it’s quite user-friendly and customised for veteran traders.

Founders of Binance

Binance was co-founded in China by two crypto experts Changpeng Zhao and Yi He.

Changpeng Zhao, who is popularly called CZ,  is currently the company’s CEO. He studied at McGill University Montreal and was known for his entrepreneurial spirit. His past experiences include being Head of the Bloomberg Tradebook Futures Research & Development team, founder of Fusion Systems and Head of Technology at Blockchain.com.

Yi He is Binance’s CMO. He currently heads the Binance Labs, the company’s venture capital arm. Yi was previously Vice President at a leading mobile video tech company, Yixia Technology, and co-founder of the digital asset exchange OKCoin.

Binance launch date

Binance was launched in June 2017.

Basic Feature of the Binance App

The Binance app is generally known to have the features listed below. They are;

•  Easy to use
• Low transaction fee
• Fast transactions
• Highly secured
• Robust crypto exchange platform
• Over 600 cryptocurrencies
• Minimal fraudulent activities
• Great customer care

What Binance is used for?

Binance currently houses over 600 cryptocurrencies and virtual tokens. The use of the Binance platform includes purchasing, exchanging, trading, listing, and withdrawing cryptocurrencies. It also allows you to build your portfolio at no cost, fund your account, and start your first foray into cryptocurrency.

Valid Binance account registration requirements

Only verified accounts can transact on Binance otherwise it becomes an information platform to the user even after registration. Therefore, for a registered user to transact successfully on Bianace, such a user must have completed the user verification stage (KYC, an acronym for “know your customer”). The credentials required for KYC by Binance vary from region to region and depend on account type.

However, if you live in Africa or the US, any of the following documents will enable you to pass Binance’s KYC:

• A valid passport (International passport).
• Government-issued ID is popularly called NIN in Nigeria or social security number in the US.
• Driver’s license.
• Your voter’s ID.

With the above-mentioned credentials ready, you can register on Binance and get verified within 3 minutes.

Note: When you get to the ID verification stage, pick an ID option with a serial number rather than one that requires scanning. For instance, IDs like a driver’s license or passport typically require scanning, sometimes making verification slow. But number input verification options like your SSN or BVN are faster since Binance automatically verifies the digits. Already have an account? Here is how to log in to Binance without verification.

Types of Binance Account

The two main types of Binance accounts are;

1. Personal account
2. Entity account

Personal Binance account

The Binance personal account is a type of account that is targeted at individuals. Binance knows that individuals need money and therefore allows them to register and transact on Binance. Funny enough, Binance has more personal accounts than entity accounts.

Entity Binance account

This type of Binance account is targeted at corporations and businesses willing to transact on the Binance app. Unlike the personal account, the entity account has more management features but the transactions layer is the same. It is all about buying, selling, transferring and saving on the app. You will need an entity account if you want your business to transact crypto via Binance.

Platforms Binance run on

Binance runs on web browsers as a website and mobile devices as a mobile app (iOS and Android).

How to download a Binance app

The Binance app can be downloaded on the Apple App Store or Google Play Store.

How to download & install the Binance app on Android devices

Users can download the Binance app from the Google Play Store, simply by scanning Binance download QR codes on the Binance website or going directly to Google Play Store.

Download Binance for Android by scanning QR-Code

1. Visit the Binance app’s official website or download page to scan the QR code.

2. Scroll to the bottom of the page. Scan the QR code to directly download the Binance app to your mobile device.

3. Alternatively, you can click “Download for Android” to download the application APK file directly to your mobile device. You can also click the “Download from Google Play” to directly download and install the app from Google Play Store.

4. If you choose to download the APK file, you need to locate it on your device and open it to install the app. If you downloaded it from Google Play Store, there’d be no need to do this as Google Play Store will automatically install the Binance App on your device.

5. After installing the Binance app, simply open it to log in or sign up for a Binance account (in case you don’t have one).

Download Binance for Android from Google Playstore

1. Launch the Google Play Store on your Android device.
2. On the search box, type “Binance”.
3. Once found, click on “Install”. Immediately, the download process will be initiated.
4. When it is done downloading, it will automatically install itself on your Android device.
5. To locate the app, simply type “Binance” on your phone search button or look for the app having the Binance icons you are seeing on this page now.

How to Download & Install the Binance App on iPhone

1. Go to the Binance app download page.

2. Scan the QR code circled blue to directly download the Binance app to your mobile device.

3. Or click the “Download from Apple Store” button circled red below, to download and install the app on your iPhone.

4. After installing the app, simply open the app to log in or sign up for a Binance Account if you don’t have one.

How to Download & Install the Binance Application on Mac

1. Go to the Binance app download page and scroll down to the Desktop section. Click the “Download for Mac” to download the DMG file to your Mac.

2. After downloading the file, locate and click it to install the application on your computer. To install, move the Binance file to the “Applications” folder, as shown below.

3. The file will be moved to your device applications folder. Go to the applications and open the Binance application. If you have a Binance account, you can log in by clicking “Log in” at the top right corner. If you don’t have a Binance account, you can sign up by clicking “Register”.

How to Download & Install the Binance Application on Windows

1. Go to the Binance App download page and scroll down to the Desktop section. Click the “Download for Windows” button to download the EXE file to your Windows device.

2. After downloading the file, locate and open it to install the application on your computer. Choose your preferred language and click the “OK” button.

3. Click “Install” to install the program on your computer.

4. Click “Finish” to finish the installation. With the “Run Binance” box checked, the application will automatically launch after installation is complete.

5. If you have a Binance account, you can log in by clicking “Log in” at the top right corner. If you don’t have a Binance account, you can sign up by clicking “Register”.

Wrapping Up

The Binance application presents an easier way for new users to sign up and complete identity verification (KYC). It also gives you access to all features and services available on the Binance platform. Download and install the app today to use and trade crypto on the go!

How to Register on Binance

There are two major platforms to register on Binance and there are two major types of accounts to register on Binance. You can create an account on Binance via the Binance official website or the Binance mobile app (iPhone app and Android app). Then the two major types of accounts to create on Binance are personal accounts and entity (company) accounts.

Binance Registration via Binance Website

Creating a Binance account on the website is simple and doesn’t require anyone to download any app. All the user needs to do is launch a website browser already installed on the device. The guide below will show how to register on Binance via Binance’s official website. It could be a personal account or an entity account. Meanwhile, we will talk more about the Binance account registration processes via the website under the account types.

Binance Registration via the Binance App

The registration process on the website and app is the same except that no website is required while registering via the app. A Binance account can be created on Binance Android, iPhone, Windows, or Mac apps using an email address, phone number and password or Apple ID. To create an account on an Android device, you will need a good Android phone running on at least version 9.0. When you have all the above-listed items at hand, you can click here to register immediately, you may also scan the QR-Code above or follow the guides below to create a Binance account on an Android device.

• If you have a Binance app on your Android device, launch it and click on register on Binance else launch Google Play Store.
• When the Play Store completely loads, tap the app’s search box and search for “Binance”.
• Once it loads, hit the install button to initiate the downloads and installation process
• Once it is fully installed head to the Binance App and launch it.
• Tap the “Sign Up” button at the top-left once the app loads completely.
• Select Sign up by phone or email.
• Next, select your country of residence from the Country/Area of Residence dropdown.
• Select the account type (personal or entity). Note that the account type can’t be changed after complete registration.

• Provide your email address and password and tap “Next”. Choose “Yes” or “No” towards the bottom of the screen to receive Binance updates or not. Then, read and agree to the Terms of Service and Privacy Policy and click “Next“.

• You might get a security check screen. Complete it by sliding the lock into place.

• Now check your mail inbox for the Binance email verification code. Copy and paste it inside the “Email Verification Code” field. Then hit “Next”.
• If prompted, tap “Enable” to allow biometric authentication for Binance.

• Next, supply your phone number and tap “Next”. Verify your phone number if prompted.
• Congratulations on your successful creation of a Binance account.  You may wish to click “Verify Now” to begin the Binance KYC process, but before then, it will be nice you learn how to verify your identity fast in less than 2 minutes.

How to register for a personal account on Binance

The method of creating a Binance account on the website is the same as that of how to create a Binance account on desktop devices since all are done through the Binance official website. Therefore, to create a Binance account on your device, follow the steps outlined below.

• Open your favourite web browser and visit the Binance official website.
• Click the “Register” button at the top right to start the registration process immediately. Note that it is the same information as that of mobile app registration is required.
• Select Sign up with phone or email.
• Binance will automatically detect your country and prefill the field. If you are using a VPN or your country is not properly detected, select your country from the “Country/Area of Residence” dropdown. Click “Confirm”.
• Click “Create Personal Account”. Provide your email address and password in the given fields. Then tap “Yes” or “No” to receive Binance updates or not (mandatory). Then click “Next”.
• Now check your mail inbox for the Binance verification code. Copy the “Account activation code” sent, then paste it into the “Email Verification Code” field.
• Next, supply your Phone number in the provided field. Enter the verification code sent to you via SMS. Then click “Submit”.
• Next up, you’ll see “Verify Now” at the bottom of the “Account Created” page.
• Clicking “Verify Now” takes you to the KYC phase.

Now that we have known how to create a Binance account on both mobile apps and websites, we can proceed to Binance account identity verification (Binance KYC). Before, let’s talk about how to register a Binance entity account briefly.

How to register for an entity account on Binance

Binance entity accounts is for corporations and businesses. The registration process on the website and app is the same. So here is the guide to registering for a Binance entity account.

Binance KYC (Identity Verification)

The Binance KYC (Know Your Customer) is a means through which Binance Firm verifies the identity of the user of their app to ensure it is a real human being or an entity. Binance KYC popularly called identity verification can be done on the Binance mobile app or website. It is a very important process that must be passed to be able to transact or exchange currencies on the Binance app. In this section, you will be taken on a comprehensive guide to verify a Binance so that you can unlock all the possible opportunities on the app.

How to do Binance KYC on Binance App

The Binance KYC is majorly done on Binance mobile app whether Android phones or iPhones. It is simple and easy.

Note: Apart from face recognition issues, Binance may not verify your account should you provide any wrong personal information during KYC. Make sure you fill in your credentials correctly wherever requested starting from account creation. There is verification information that may take your account longer to be approved. You will learn the fastest way to get your account verified. In the picture above, you will see “Verify Now” on the yellow button. To complete the KYC phase after clicking “Verify Now”:

• An identity verification form will pop out. Fill out the “Identity Information” fields appropriately
• Click “Continue” to proceed.
• Provide your residential address, postal code, and city name in the provided fields. Then tap “Continue“.
• Next is the document selection page.
• Tap “Other Documents” to see a list of other accepted documents.

Now to be verified fast, choose the BVN verification method. That is the fastest. If you don’t have BVN go and get one. If you have forgotten your own, dial *565*0#. Ensure to have at least an N20 balance on your line for the BVN code to work.

• Select one of these and tap “Continue”.
• Meanwhile, if the selected document type requires scanning, ensure that your camera covers all angles and that the picture is bright enough.
• Enter the ID number in the given field.
• Tap “Continue”.
• Once this phase is successful, the app will take you to the facial recognition stage.

• Tap “Begin Verification”. The AI might ask you to tilt your head, blink, or smile at some points.
• Follow these instructions carefully.
• Remove any hat or glasses and avoid using a camera filter at this point. Also, ensure enough illumination in the surrounding area and place your smartphone vertically upright. You might even ask someone to help you with the back camera for a better result.
• You’ll get an automated success message on the next page if face verification is successful.
• Close this page to go to your dashboard.
• Wait for some minutes, if everything is fine, your account will automatically get approved. You will also get an email notification of the approval. Congratulations! Go and tour the app and carry out the transactions you want.

How to do Binance KYC on Binance Website

While Binance KYC verification is more common on the Binance app, some people also do the verification over a web browser through the Binance official website. So, follow the steps below to verify your account:

• Launch your mobile phone’s favourite browser.
• Head to the Binance website.
• Once you have signed up successfully, click on the “Verify Now” button.
• Fill out the form provided with the appropriate information. Click “Continue“.
• Provide your address information and click “Continue“.
• Next, you’ll see various ID options.
• Select the one you prefer and hit “Continue”.
• Now provide the required ID information.
• Click “Continue” to complete ID verification. Binance will take you to the next stage if this is successful.
• Click “Continue” for face verification. Similar to mobile registration, avoid wearing a hat or glasses. Also, avoid applying a camera filter at this stage and ensure that the surroundings aren’t dull.
• Follow the onscreen instructions carefully for a higher success rate.
• Binance will automatically display a success page once you complete the facial verification

FAQs