What is Binance?
Binance is a leading cryptocurrency exchange platform founded in 2017 in Hong Kong. In 2018, the company relocated its headquarters to Malta, EU.
As an online exchange, Binance allows users to trade cryptocurrencies, supporting most popular digital currencies. It provides various wallet options for seamless coin transfers and receipts.
Key Advantages of Binance Exchange
- High Liquidity: Ensures fast transaction execution.
- Vetted Coin Listings: Majority of listed coins undergo rigorous review.
- Comprehensive Ecosystem: Supports trading, deposits/withdrawals, margin trading, derivatives, and more.
- Advanced Security: Implements robust security protocols.
- Multilingual Support: Includes Vietnamese for user convenience.
Part I: Account Registration & Verification
1. Registering an Account
To use Binance, follow these steps:
- Visit the official Binance website.
- Click "Register" and enter your email/phone number and password (use a unique password different from your email).
- Complete the CAPTCHA puzzle and verify your email via the confirmation code sent to your inbox.
👉 Start trading on Binance today
2. Account Verification (KYC)
First-Level Verification:
- Increases daily deposit/withdrawal limits to $50K.
- Required documents: National ID, passport, or driver’s license.
Steps:
- Download the Binance mobile app (iOS/Android).
- Log in and navigate to "Verify Identity."
- Upload front/back photos of your ID and a live selfie.
- Submit and wait for approval (typically 1–3 days).
Second-Level Verification:
- Raises limits to $200K/day.
- Submit proof of address (bank statement/utility bill).
Part II: Logging In via QR Code
- On desktop, visit Binance and click "Login."
- Scan the QR code using the Binance mobile app’s scanner.
- Grant permission to complete login.
Why use QR login? Prevents phishing and simplifies access.
Part III: Using Binance’s Features
1. Buying Crypto
Binance offers four methods:
- Bank Transfer: Direct fiat deposits.
- Credit/Debit Card: Instant purchases.
- P2P Trading: Peer-to-peer transactions (e.g., buy USDT with VND).
- Third-Party Payments: Partner gateways.
P2P Trading Example:
- Select "P2P" → Choose USDT/VND.
- Pick a seller, enter amount, and confirm payment.
- Seller releases USDT upon receipt confirmation.
2. Spot Trading
- Market Orders: Execute instantly at current prices.
- Limit Orders: Set buy/sell prices (e.g., buy BTC at $60K if market is $64K).
- Stop-Limit Orders: Automate trades at target prices (e.g., sell BTC if drops to $54K).
3. Derivatives
Trade futures and leverage positions. Learn more here.
4. NFT Marketplace
Buy/sell non-fungible tokens (digital art, collectibles).
Part IV: Wallet Management
How to Receive Crypto
- Desktop: Navigate to "Fiat & Spot" → Search coin (e.g., USDT) → Click "Deposit" → Copy wallet address.
- Mobile: Go to "Wallet" → "Deposit" → Select coin/network → Share QR code/address.
Network Tips: Always match the sender’s network (e.g., BEP20, ERC20) to avoid lost funds.
Part V: Security & Settings
Enable 2FA
- Google Authenticator
- SMS verification
- Email confirmation
Additional Measures:
- Whitelist withdrawal addresses.
- Monitor login devices.
FAQ
Q1: Is Binance safe?
A: Yes, with features like 2FA, cold storage, and KYC.
Q2: How to reduce trading fees?
A: Use BNB to pay fees (25% discount) or increase VIP tier.
Q3: Can I trade without verification?
A: Limited to withdrawals of 2 BTC/day without KYC.
Q4: What’s the minimum deposit?
A: Varies by coin (e.g., 0.0005 BTC for Bitcoin).
Q5: How to contact support?
A: Use the live chat or ticket system in the app.
👉 Explore Binance’s advanced features
Final Tips:
- Regularly update your app.
- Avoid sharing login details.
- Bookmark official links to prevent scams.
Happy trading!