Get Started with Binance: Step-by-Step Account Setup

Get started on Binance with following steps:

1. Account Registration:

• Register in Binance ecosystem via Mobile App, Website, or Desktop through email or phone number.

2. Identity verification:

• Post signup, it is mandatory to complete the Identity verification to unlock fiat deposit and withdrawal limits. Following steps are to be followed to complete the identity verification:
• Click on profile tab and then identification as shown in the image below:

• Another option is to click on the “Verify” button on the homepage banner.
• Click on “Get Verified”.
• You will be able to see following sections with their respective deposit and withdrawal limits:
  1. [Verified]
  2. [Verified Plus]
  3. [Entity Verification]

Note: The limits vary for different countries. Change your country by clicking the button next to [Residential Country/Region].

• Click on start now.

• Select your country of residence. Note that it should be the same as your ID documents.
• The list of verification documentation for your country will be displayed. Click “Continue”.

• Enter your personal information as per your ID documentation.

• Upload images of your ID documents. The images should be clear and as per the instruction outlined on the website:

• After uploading the document photos, the system will ask for a selfie. Click [Upload File] to upload an existing photo from your computer.
• Post selfie, the system will ask for facial recognition.

3. Deposit/Withdrawal of Crypto in Binance:

• In order to deposit Cryptocurrency in Binance
• Choose the cryptocurrency deposit address in binance.
• Copy the deposit address and paste it on the address field on the platform you intend to withdraw funds and transfer it to Binance account.
• In your binance account, select “Wallet” tab:
• Under the wallet tab, click on overview as shown in the below image:

• On the wallet overview page, click on “Deposit” and then “Crypto Deposit”:

• Select Coin as shown in the below image:
• Click on “Select Network”, it will display the list of available network chain on Binance:

Note: It is necessary to select the supported network as per the requirement.

• After selecting deposit address, copy the deposit code as shown in the image below:

• Open the platform/wallet from which you intend to withdraw the funds.
• Copy the deposit address to the withdraw address column as shown in the image below:

• Post confirmation, the cryptocurrency will be added to the Binance wallet.
• The transaction information will be visible under the “transaction history” tab:

4. How to withdraw from Binance:

• In order to deposit, copy the deposit address and memo from the platform you intend to deposit cryptocurrency from binance.
• On binance platform, go to withdraw and Select coin:

• Paste and validate whether the address is of correct network:

• To make a withdrawal, go to “Withdraw” and then “Wallets”.

Note: Please ensure that the deposit’s address and memo are correctly filled.

• Click on withdraw.
• Enter the verification code sent to your registered mobile number and email.

5. Binance Lite

• Binance lite mobile app gives the option to buy/sell crypto using fiat currencies. Binance lite has a user friendly interface:

• In order to buy crypto using binance lite, the user has to be verified on the platform.
• Navigate to Binance lite homepage, on the homepage list of cryptocurrencies is displayed.

• Tap on the crypto you would like to purchase and enter the amount.

• Select the payment method.

          Note: Different countries will have different payment options.

• In order to sell crypto on Binance Lite, click on “Sell”:

• Select the cryptocurrency you would like to sell.
• Enter the amount and select the receive method.

• The payment can be received by fiat channel or P2P trading.
• Binance lite also provides following option:
  • Future trading
  • Options trading
  • Margin trading

Binance trading

• On Binance’s “Trade” page, you may choose from “Basic,” “Advanced,” “Margin,” “Futures,” and “Options.”
• Begin with “Basic” trading. You may buy and sell cryptocurrencies using market or limit orders on this simple trading interface.
• Choose your trading pair from the dropdown. Select BTC/ETH to exchange Bitcoin (BTC) for Ethereum (ETH).
• Choose a market or limit order to purchase or sell.
• Click “Buy” or “Sell” to purchase or sell the amount you entered. Confirm your order, and your wallet will get your new assets.