1. What is Binance?
Binance is a cryptocurrency exchange founded in 2017 by Changpeng Zhao. Currently, Binance is the largest and most reputable crypto exchange by 24-hour trading volume.
To learn more about the history and services of Binance, visit: What is Binance?
You can download the Binance app for your phone using the links below:
2. Detailed guide to registering a Binance account
Step 1: Visit here to sign up and receive a 100 USDT trading fee rebate ⇒ Click "Sign up with email/phone".
Step 2: Enter your email address and click "Next".
Step 3: Enter the verification code sent to your email.
Step 4: Create a password for your account and keep it safe. Ensure the password is strong and do not share it with others.
Step 5: After creating your account, complete the identity verification (KYC) process to access all services on the Binance exchange.
3. Guide to Identity Verification on Binance
To make the KYC (identity verification) process on Binance as quick and easy as possible, you should choose to verify your identity via mobile. This is because the verification process will require you to take a selfie and upload images of your identification documents.
What to Prepare for KYC on Binance?
You will need to prepare one of the following identification documents:
- National ID card (CCCD)
- Identity card (CMND)
- Passport
- Driver's license
Also, make sure to have the Binance app installed from the App Store or Google Play.
Steps for completing KYC on Binance
Step 1: Log in to your account on your mobile device. If you haven't registered yet, you can sign up here
Step 2: After logging in, select "Verify Now" to start the identity verification process.
Step 3: Fill in all required personal information, including your full name, date of birth, and residential address, then press "Continue."
Step 4: Select the type of identification document you wish to use for verification and then press "Continue."
Step 5: Verify your documents by allowing Binance to access your camera for photo capture.
Take a clear photo of your ID and upload it, then press "Continue."
Step 6: Verify your face by aligning your face with the camera frame and then taking a photo. Make sure to move your face left, right, up, and down to match the frame for quicker verification.
Step 7: After completing the above steps, wait for up to 24 hours for Binance to review your account and send a notification to the email you used to register.
4. Guide to securing Binance account
Protecting your account is a crucial step before depositing funds to ensure the safety of your assets on the exchange. Here’s how you can set up security measures:
Setting Up Google Authenticator (GA)
Step 1: Once you have successfully registered and completed the KYC process, go to your account settings and select “Security.”
Step 2: Set up 2FA (Two-Factor Authentication)
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Choose "Authenticator App": Binance will prompt you to download the Google Authenticator app on your phone. You can easily find and download this app from Google Play or the App Store.
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After installing the app, select "Enable Authenticator App" and enter the code sent to your email. A QR code will then appear on the screen. Open the Google Authenticator app, tap the “+” icon on the right side of the screen, and choose "Scan QR Code" to scan the QR code displayed.
- Enter the verification code from Google Authenticator into your computer and select "Submit." Note that the verification code on Google Authenticator refreshes every 30 seconds.
- Step 3: Return to the screen and verify that the "Authenticator App" section shows a green checkmark, indicating that the setup was successful.
Setting up your phone number
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Step 1: Scroll down to the section below "Authenticator App" and select "Phone Number."
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Step 2: Enter your phone number and then select "Get Code" to receive a code via SMS. After receiving the code, enter it and select "Submit."
Once you have completed this step, you have finished the basic account security setup. Additionally, you can choose to enable "Advanced Security" by following the instructions below to further enhance your account security.
5. Guide to depositing and withdrawing funds on Binance
Access the Binance homepage and then click on the "Wallet" icon ⇒ Select "Fiat and Spot" (Deposit and Withdraw).
Note that this deposit/withdrawal activity applies only when you are transferring existing coins/tokens between electronic wallets (exchange wallets or personal wallets).
For example: If you want to deposit or withdraw USDT from Binance to Huobi or from Binance to a personal wallet (Metamask, Trust Wallet, etc.).
Guide to depositing funds on Binance
- Step 1: Select the "Deposit" Icon to retrieve the wallet address for depositing Coins/Tokens
- Step 2: Select the Coin/Token name and network, then copy the deposit address.
- Step 3: Paste the Deposit Address into the Wallet You Want to Use for Depositing the Coin/Token. Make sure to deposit the correct coin/token into the corresponding wallet address and network.
Guide to withdrawing funds from Binance
- Step 1: Click on the “Withdraw” icon and select “Withdraw Crypto” to withdraw funds from your Binance account.
- Step 2: Enter the coin/token details, wallet address, and network information as instructed below.
- Step 3: Confirm the details and proceed with the cryptocurrency withdrawal as per the instructions on the exchange. Note that when withdrawing tokens, ensure that the wallet address and network information for the coin/token are correct.
6. Frequently Asked Questions (FAQs)
How long does the KYC process on Binance take?
KYC documents are typically reviewed within 48 hours. However, the time may be longer for certain cases.
Is the KYC process on Binance safe?
Yes, the KYC process on Binance is secure and helps us protect the platform for you and others. Your documents are also kept secure with us.
Why is it necessary to complete KYC (identity verification) on Binance?
- Binance requires users to complete identity verification to enhance the security of their accounts.
- It allows you to participate in various campaigns on the Binance exchange.
- Additionally, completing the KYC process enables you to conduct larger transactions without delays.
Is it mandatory to complete KYC when using Binance?
No. Binance does not require you to complete identity verification. You can still deposit or withdraw funds without having KYC verification. However, as mentioned, completing KYC will provide additional protection for your account on Binance.
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