Have you heard about Binance? As the world's largest cryptocurrency exchange, this guide covers everything beginners need to know—from Binance overview to step-by-step registration and fund management.
What is Binance? The Global Leader in Crypto Trading
Binance (short for Binance Exchange) is the world's most popular cryptocurrency trading platform, supporting 600+ digital currencies with daily trading volumes averaging $76 billion. It serves 90 million+ users worldwide.
Meet the Founder: Changpeng Zhao (CZ)
Canadian-Chinese entrepreneur CZ founded Binance in July 2017 after investing heavily in Bitcoin and co-founding OK Coin. The platform introduced its native Binance Coin (BNB), now among the top cryptocurrencies.
Understanding Cryptocurrencies
Cryptocurrencies are decentralized digital assets secured by blockchain technology. Unlike traditional money, their value isn’t tied to governments. Top examples include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Tether (USDT)
How to Register on Binance: Step-by-Step Tutorial
Step 1: Sign Up
Visit Binance’s registration page and choose:
- Email/phone sign-up
- Google/Apple account login
👉 Click here to claim your 100 USDT fee credit
Step 2: Identity Verification
- Navigate to "Identity Verification" in your dashboard.
- Submit personal details and residential address.
- Upload real-time photos of your ID (front/back) and a live selfie.
- Complete facial recognition.
Deposits & Withdrawals
Adding Funds (Deposits)
Option A: Transfer existing crypto to your Binance wallet.
Option B: Buy crypto via:
- Credit cards (2% fee + 1.5% foreign transaction charge)
- Apple Pay/Google Pay
Withdrawing Funds
Convert crypto to fiat via:
- Transfers to local exchanges
- Bank wire transfers
- Peer-to-peer (P2P) trading
Is Binance Safe?
Yes! Binance holds multiple regulatory licenses, uses Merkle Tree proof-of-reserves, and operates a Secure Asset Fund. Rest assured—it’s not a scam.
FAQs
1. Does Binance require KYC?
Yes, identity verification is mandatory for higher withdrawal limits and full platform access.
2. What’s the minimum deposit amount?
No minimum for crypto transfers. Card purchases start at ~$15 equivalent.
3. How long do withdrawals take?
Bank transfers: 1-5 business days. Crypto transactions: Minutes to hours.
4. Can I use Binance without fees?
BNB holders get trading fee discounts. First-time users can claim fee credits.
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