An excellent place to start if you want to trade cryptocurrency is by opening an account on Binance. You will learn how to create Binance account in a few easy steps in this article. In July 2017, Binance, a comparatively recent digital asset exchange, was launched. This platform offers a wide range of trading options, encompassing fiat currencies, tether tokens, and cryptocurrencies.
Table of Contents
What is Binance?
Binance is a a cryptocurrency exchange where traders can buy, trade, and exchange various types of cryptocurrency and perform other actions as well.
Benefits of Binance
Binance coin offers many benefits to its users. Here are some of them:
- Quick Transactions
- Secure and Trustworthy
- Trade Multiple Cryptocurrencies
- Trading Discount
- Participate in ICOs/IEOs
- Well-reputed app
- Volatility
- Centralization
Why Should I Open a Binance Exchange Account?
Binance is experiencing remarkable growth, and if this trend continues, it could become one of the largest cryptocurrency exchanges in terms of trading volume. Furthermore, newly issued coins/tokens that have recently undergone an ICO are more likely to be listed on Binance compared to other big exchange. If you missed participating in an ICO and want to catch a hold of a particular coin, Binance stands out as the recommended exchange due to its substantial trading volume. This equate to more favorable prices and a higher probability of your buy/sell orders being executed. After this you need to learn about how to create Binance account, So you can easily create an account without any hassle.
Requirements for Creating a Binance Account
To complete your Binance account registration, do verification process known as KYC, which stands for ‘know your customer’. The specific documentation and requirements for KYC verification on Binance based on your geographical location and depend on account type.
However, if you live in the US, the following documents are required to complete Binance KYC verification:
- A valid passport
- Government-issued ID
- Driver’s license
- SSN
You can create a Binance account via mobile app or desktop. Although the steps are same on both platforms.
How to Create Binance Account?
Here you’ll learn how to create Binance account in simple steps:
- Go to the Binance website and click on register on top right side of the screen
- Select the country of residence
- Click on create personal account
- Insert your email and create a strong password
- Insert the activation code you received in your email
- Now add your phone number
- This step is essential because when you do an exchange on Binance, you will input two verification codes, one sent to your phone and one sent to your email
- Add the verification code received by SMS
- Now you need to complete the verification process
- Select your country of residence and insert your address
- To verify your identity, choose an identification document, take a photo and upload it
- Add proof of your residential address like a bill. Remember that your address in the document perfectly matches with the one you provided
- Now provide the data regarding your intentions on using the platform, and tell your work status
- After that your verification process is complete, and now you’ll receive an email notification when its approved, so you can start using your Binance account
Read More:
