How to Open a Binance.com Account
Our step by step video guide to opening a Binance.com account can be found here:
Please support us by using our referral link when you create the account: https://www.binance.com/en/register?ref=42030218
Welcome to our complete guide on how to open a Binance.com account.
If you’re new to crypto exchanges, this guide will teach you how to open an account, deposit funds, set up 2FA, complete KYC, and even avoid one common mistake that could cost you all your funds!
If you’re in a rush, just watch our quick video tutorial. If you’ve got the time, read the full guide below.
We would really appreciate it if you signed up to Binance via our referral link. Simply click the link here to begin opening your account!
Welcome to the wacky world of crypto. It’s going to be fun!
Hey, thanks for reading our guide on opening an account on Binance.com.
We know crypto can be a bit intimidating, especially if this is your first time. Don’t worry, it’s way easier than you think, and doesn’t take much time at all. It’s basically like opening an online bank account just with an extra step or two.
Let’s just get started, shall we?
Opening an account on Binance.com is actually really easy. It all comes down to 5 simple steps:
- Two-Factor Authentication
- Complete KYC identification
- Deposit crypto
That’s it! You’re ready to start trading on the world’s largest and most lucrative crypto exchange.
Ready to be this guy?
Let’s cover the steps here.
Step 1. Registration
To open an account, head over to Binance.com and click register in the top right hand corner.
NOTE: We would really appreciate it if you signed up via our referral link. We haven’t eaten in months and could really use the few dollars Binance gives to its affiliates. We promise 100% of the proceeds will go to buying the office pizza.
It’s the exact same process as signing up the normal way, we just get a very small amount of money for sending a new user over. Thanks again!
Next, click sign up with phone or email.
Now, just choose your country of residence.
If you’re a human being and not some entity or business, click “create a personal account”.
Now, create a username and strong password.
Good job. You’ve successfully registered. Too bad they don’t give trophies.
Step 2. Verification
Now, Binance will make you jump through a couple hoops so they can get some personal info from you.
First, after creating your username and password, check your email for the verification code. Paste it into Binance, and you’re ready for phone verification.
Now, Binance will ask for your mobile number. This is to keep your account even more secure. It’s annoying, but it’s a necessary evil.
Complete the ultra annoying security verification – still not as bad as CAPTCHA though.
The system will now send you a verification code. Just enter it in and you are all set.
Phew, that wasn’t so bad now was it?
OK, time to lock up your account so no Russian hackers get in (apologies to Russian Binance.com users).
Step 3. Enable Two-Factor Authentication (2FA)
Two-factor authentication adds an extra layer of security to your account. Normally, this requires you to enter a one-time passcode sent to your phone in order to access your account.
A pop up should appear the first time you log in, but if not, here’s how to do it manually.
Start by going to your profile and clicking Security:
Now, click Enable on Google Authenticator.
Note: You will need to download the Google Authenticator app. It’s simple. Just get it from the app store. Be sure to write down your backup key on paper or save it somewhere safe!
Step 4. Complete KYC Verification
KYC is an acronym for “Know Your Customer”. This refers to a set of regulations that force financial institutions to verify the identities of their customers, usually via facial recognition, government ID verification, and providing proof of address – among other things.
These regulations are in place to curb illicit activities and fight crypto’s use in the funding of illegal activities…at least supposedly.
Governments require crypto exchanges to KYC their customers and perform due diligence, or else they could be held liable should a customer use their services to commit a crime.
So now you’ve got to go through a bunch of annoying BS if you’d like to use the platform in full.
Without KYC’ing, your account will be severely limited.
So here’s what to do:
- Go to Identification in Your Profile Tab
- Click Verify Now
It’s important to note that documentation will vary depending on your nationality. For most people, you’ll almost certainly need to provide ID and some form of proof of address such as a utility bill.
- Choose Intermediate or Advanced and Submit the Required Documents
Binance.com offers 3 KYC tiers: Basic, Intermediate, and Advanced. Each one allows for greater usage of the exchange including higher deposit/withdrawal limits and more perks.
For Intermediate, you need to give your basic information, a valid government ID, and complete facial verification.
At the time of writing, this entitles you to $50,000 daily buy crypto and fiat deposits limit, $50,000 daily fiat withdrawal, maximum 100 BTC Daily withdrawal limits, and P2P/OTC/Binance Card Perks.
We highly recommend you bite the bullet and complete the Advanced verification requirements just to avoid any headaches down the line.
Advanced requires proof of address and 10 days waiting time. But it unlocks $200,000 fiat limits, no BTC limits, and extra Binance card perks. It’s worth the agony.
Step 5. Deposit Crypto Onto Binance
Depositing cryptocurrency on Binance.com can be a bit tricky, and if you don’t do it right, you risk losing all of your funds. The good news is that as long as you follow the following steps, you’ll be 100% fine.
The #1 thing to watch out for is selecting the right deposit network. Don’t worry, we’ll show you exactly what to do.
- Click Overview in the Wallet Section of Your Account
- Click Deposit
- Click “Crypto Deposit”
- Select Your Cryptocurrency
- Choose the CORRECT Network
This is SUPER IMPORTANT, and the #1 place that new users screw up. If you do not select the right network, you will lose all of your funds.
The network you choose here must be the same as the network that you are using to send your crypto. In other words, the network of your wallet where you’re withdrawing the crypto must match the one where you’re depositing.
So let’s say you want to send crypto from your Coinbase.com account to binance. You’ll navigate to the ‘withdraw’ section in Coinbase, figure out which network they use for the crypto you want to send and make sure to match that up in the ‘deposit’ section of Binance.com.
- Copy/Paste Your Binance Wallet Address
Copy this address and paste it into wherever you happen to be sending crypto from. So again, if your crypto is with Coinbase, copy this wallet address from Binance and paste it in the coinbase withdrawal interface where it asks you for the destination address.
- Click Confirm and be Patient
It’s normally quite fast, but it could take some time for the transaction to go through. It depends on the traffic on the network. You can always check the status in your Transaction History page.
Please be patient and don’t panic.
How to Deposit Fiat Currency (EURO, GBP, USD, etc.) on Binance
If you happen to want to deposit your failing world currency of choice onto Binance.com, here’s how to do it.
- Select Fiat and Spot From the Wallet Dropdown Menu
- Select SEPA
- Choose an Amount Greater than €3 Euro
YOLO as much as you want here, but it’s got to be more than €3. If not, it will not be credited or returned.
NOTE: SWIFT payments are not accepted.
- Enter Your Payment Information and Wait
That’s it. Enter the details and transfer from your bank account/mobile app, and wait one to two business days. There’s no way to tell exactly how long it’ll take. It’s always different but generall one business day is enough.
That’s it! You’ve opened your account and managed to not burn anything down. Congrats.
Opening a Binance.com Account: Is There Anything Else You Should Know?
Yes, there are a few things you should know before getting involved in trading on Binance.com (NOTE: NOT Binance.us – that’s only for US customers).
Allow us to cover a few of the more important things here. Trading is just like anything else: Knowledge is power.
The more you know the more you’ll earn and the safer you’ll be. And there’s a LOT of misinformation out there that overcomplicated this whole industry.
It’s really easy. Just follow this advice and you’ll be totally fine.
- You Should Consider Using Binance Coin (BNB)
Some exchanges have their own currencies that can be used to pay for fees. Binance charges trading fees whenever you make a trade.
You’ll get a serious discount by using BNB. It depends on your “VIP” level, but it should be 25% to start with.
If you plan to start trading seriously, you absolutely must use BNB to pay for fees. It’s non-negotiable.
- Binance.US and Binance.com ARE NOT the Same
Binance.Us is the much smaller and more restrictive younger cousin of Binance.com that operates solely in the USA, except for select states.
The list of prohibitions is regularly increasing to the frustration of average everyday USA crypto traders.
Right now, you can trade only about 80 cryptos on the US version of Binance.com. If you’re a US citizen, you need to open an account there.
- Binance’s Trading Terminal is Very Limited and Difficult to Use
Binance’s trading terminal purposely makes it difficult to trade. Don’t ask why. If you really want to know, start by checking out this article on why the whales always win at crypto and how to win too. It’ll totally blow your mind.
Shameless plug coming, you’re much better off using a FREE tool like the ProfitFarmers crypto co-pilot trading platform.
Not only do we offer an advanced trading terminal that’s way better than Binance.com’s, we offer high win-rate signals, copy-trading, and other advanced features all 100% free.
Once you create a Binance.com account (only Binance.com – not US), it only takes a few minutes to create an account with us and connect it to your trading account.
Then, you’ll be able to copy and trade high win-rate signals totally free.
Q: How long does it take to open a Binance account?
A: Opening a Binance account itself takes no time at all. You’ll most likely be done in 30 minutes or less depending on a few different factors.
However, KYC verification can take up to 10 days depending on which documents and verification level you choose, and depositing fiat could take 1-2 business days.
So, it depends on which type of verification you require and which type of currency you’ll deposit.
Q: How can I open a second Binance account?
A: It is strictly forbidden for an individual to open a second Binance account. You could be banned and lose all of your funds if you do this.
However, Binance does allow some corporations and VIP individuals to open “Sub-Accounts”.
You should use these when you’re a large trading team that needs to divide responsibilities or you’re managing large sums of assets and want to manage risk.
To learn more about this, check out this Binance guide on opening a Sub-Account.
Q: How old do you have to be to open a Binance account?
A: You must be at least 18 to legally open a Binance account.