Are you looking to expand your investment portfolio? Creating a Binance account is the first step. If you don’t know about the process, we will show you how to join the world’s largest crypto exchange platform. So, read on for a detailed step-by-step guide on how to create a Binance account and start trading in the crypto market.
Requirements for Opening Binance Account
To open a Binance account, there are certain requirements you must meet. Binance is a global cryptocurrency exchange, so the requirements may vary slightly depending on your location. However, generally speaking, the following are required to open a Binance account:
- A valid email address: This will be used to verify your account and receive important account-related notifications.
- A strong password: Your password should be at least 8 characters long and include a mix of upper and lowercase letters, numbers, and special characters.
- Personal identification: Binance will require you to provide personal identification such as a passport or government-issued ID to verify your identity and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.
- Residence verification: Binance will also require you to provide proof of residence, such as a utility bill or bank statement, to verify your address.
It’s worth mentioning that Binance.US is a separate entity from Binance, although it is related. Binance.US has its own unique account requirements. For example, Binance.US will require you to provide a social security number (SSN) or tax identification number (TIN) to comply with US regulations.
Additionally, some countries have restricted access to Binance and its services. Therefore, to open an account with Binance, you must first ensure that it is available in your country or region. If Binance is unavailable, you can bypass the bans using the most reliable crypto VPNs.
How to Create a Binance Account
When you are certain you can open a Binance account from your location and meet all the requirements mentioned above, here is how you can open your account on desktop and mobile devices.
1. How to Open A Binance Account on Your Desktop
Step 1: Open Binance.com or the Binance.US website if you’re in America. Remember, you can use a VPN to access any of the platforms from anywhere in the world.
Step 2: Click the Sign Up With Email or Phone button to open the account. Alternatively, you can click the continue with Google or Apple button to choose your respective emails.
Step 3: When you select your preferred email method, the platform will take you to the next page, where you will need to provide your email address and strong password. Alternatively, you can open an account with your phone number and create a strong password to protect your account.
Step 4: Next, agree to Binance’s terms of service, and you can also check the box to agree to receive marketing updates from Binance. The latter is optional.
Step 5: When you enter the details, click Create Personal Account and wait to receive a 6-digit code to your email. Next, enter the code to verify your account opening.
Step 6: You have successfully opened your Binance account, but you must verify it to start trading on the platform. To do so, Click the Verify Now button on your page.
Step 7: The Binance verification process will require you to enter your country of residence first. Choose your country, and the platform will tell you the verification documents you need to provide. The process may be slightly different depending on your residency.
For instance, in most cases, Binance will ask for your personal information (name and DOB), ID, Facial Recognition, and Proof of Address. However, you may also need to complete a questionnaire for some countries.
As mentioned above, the Binance.US platform, available for most US residents only, will ask for a social security number (SSN) or tax identification number (TIN) to comply with the country’s regulations.
Step 8: Once you complete the verification method above, you will wait for Binance to verify the documents. If the details are true and correct, they will verify your accounts in a few minutes in most cases. Then, you can start buying, selling, or holding your favorite crypto assets.
2. How to Open a Binance Account on Mobile
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Opening a Binance account on mobile is quite similar to doing so on a desktop. Here is what you will do:
Step 1: Download the Binance app on your smartphone. Remember, you can only install the app if it works in your country. Still, you can use the best VPNs to bypass any bans and access the platform from anywhere. To install, open the App Store or Google Play Store, search for the Binance app, and install it.
Step 2: Next, open the Binance app and tap Sign Up. Here, you can choose to use your email or phone.
Step 3: After you choose your best method, you will be prompted to select your resident country, after which the app will allow you to enter the requirements for account opening.
Step 4: First, enter your email address and password, then click next. You can also choose Yes or No to allow Binance to send you updates through the email you have provided. When you proceed, you may have to complete a security check, so slide the lock into place to continue.
Step 5: You will receive a 6-digit verification code through your email. So, copy and paste it when prompted, then click Next. Binance may also prompt you to enable biometric authentication, so click the enable button.
Step 6: In this step, you will provide your phone number and verify it. Then, you should start the verification process, whose steps will be tailored to your country of residence. In most cases, you will need to provide your details plus identity documents such as your ID, Proof of Address, and Facial Recognition.
Note you will need to upload authentic documents, and you will also need to ensure you use a good camera that captures all the details. For facial recognition, you should also ensure you don’t wear anything that obscures your face, and Binance will also ask you to tilt your head, smile, or blink to complete the process.
With its user-friendly interface, wide range of trading pairs and low trading fees, Binance is a great platform for anyone looking to trade cryptocurrencies. So, it makes sense that you want to join the platform, so you will need to open and verify your account.
Luckily, the process is easy whether you want to do it on desktop or mobile, and the steps above should help you get started fast. Remember, it is imperative to keep your account safe, so pick the strongest passwords and enable 2FA to guarantee safety. Also, keep your login details private.
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