Binance Exchange | Beginner’s Guide

Binance Exchange  | Beginner’s Guide

How to create account on Binance? How to use it? How to trade on Binance? How to create account on cryptocurrency exchange? Step by step guide on how to create account on Binance.

Step 1: Go to Binance

Click here to go to Binance. It’s better to bookmark this website!

Step 2: Complete the registration process

Click the "Register" button in the right corner of the page and enter all the required information (remember to set a strong password - save it in a safe place). After registering, you must confirm your email address.

Step 3: Read the Binance statute

When you log in for the first time, a window will appear informing you that investing is associated with risk. Select all check boxes, then click on "I understand, continue".

Step 4: Enable 2-factor authentication (2FA)

When you log in for the first time, a pop-up window will appear and ask you to enable 2FA. This will help increase your safety. If you're just starting to use the 2FA service, you'll need to download the Google Authenticator app to your smartphone. It is also possible to use the SMS code sent to the mobile phone, which will increase security.

Step 5: Deposit funds

In the upper right corner of the main menu you will find a tab named "Funds". Select the "Deposits" button and the deposit page will open:

Here you can choose the cryptocurrency you want to deposit. After clicking the deposit button, Binance will create a new dedicated wallet for you.

Now send coins from your own wallet (or other exchange) to the new generated address.

Remember to always send correct coins to the correct wallet, otherwise you will lose them. For example, do not send Ethereum to the Bitcoin address, only Ethereum to Ethereum and BTC to BTC.

Step 6: First transactions - buy and sell

Select "Basic Exchange" in the "Exchange" menu.

Now select the pair from the right panel. For example: Take IOTA to BTC. In exchange -> basic go to the search box on the right and search for IOTA (this is the fastest way to find a pair).

As you can see above, the left panel displays a list of current offers. In the middle we see the last price, as well as a graph.

If you want to buy at the market price, select Market from the top menu. The Limit option is more advanced and allows you to set a stop loss or stop buy orders - something you can start playing with when you're more experienced!