Creating a Binance.com account
The cryptocurrency market is hot, and you’d like to get in on some of the action? No problem, it’s as simple as creating an account, inputting payment information, and placing your first trade. I’ll walk you through the process of getting started with Binance, how to fund the account and trade.
When you are ready to create your account, click on the Binance logo below to visit their website.
When you get to Binance.com click on the “register” button on the top right of the homepage.
You will then input your email address, and choose a password. Because your payment information will be added to Binance later, make sure you choose a secure password. If you would like to help BSC Times, you can do so by inputting our Referral ID: 119470546. We’d appreciate it.
Then you will need to verify your email address by inputting the code sent to your email address.
Once you have completed that step, your Binance account has now been created, and we can now move on to the next step of adding payment information.
How To Buy Crypto on Binance
In order to have the ability to make purchases on Binance, you will need to complete the “KYC” or identity verification process. As a financial institution, they are required to get that information from you. Once you have complete the KYC identity verification process, you will then be able to purchase cryptocurrency using your Credit or Debit card, or by transferring fiat currency from your bank account to Binance.
Purchasing Crypto with a Credit or Debit Card
From the Binance welcome screen select “Buy Crypto with your Credit Card”, otherwise hover over the “Buy Crypto” button, and select “Credit/Debit Card”.
From there you can select the currency that you will be paying with, and then the token/coin you’d like to purchase. Once you have done that, you can press the buy button and proceed to inputting your payment information.
Once you have completed the process of adding your payment information, your purchased cryptocurrency will be credited to your Fiat / Spot wallet.
How to Trade Crypto on Binance
Some people buy just to hold and never sell, while others buy to trade. If you haven’t familiarized yourself yet with a trading interface, you can trade cryptocurrency without it, very simply, by visiting the Binance Convert page, by hovering over “Trade” and selecting “Convert”.
The Convert tool makes it extremely easy to trade cryptocurrencies, by picking the pair you’d like to trade, and clicking on convert. This tool also allows fiat currencies, incase you wanted to cash out or use the fiat in your Binance wallet to buy cryptocurrency. All trading fees are taken automatically.
For more advanced users, that are familiar with a trading interface, the Binance Classic and Binance Advanced trading interfaces are available.
Disclaimer: this post contains an affiliate link, BSCTimes.com may receive commission from Binance.com for sending you to their exchange.