Beginner Guide To Binance
Marketplaces for cryptocurrencies
if you don’t want to mine your crypto or own a node, and you still want to buy cryptocurrencies, there is a centralized marketplaces that allow users to buy, sell and trade their own cryptocurrencies, such as Binance, coinbase, Okex and many more.
Centralized exchanges ask for a verification ID, that’s why it’s called centralised exchange.
which marketplace is best for you?
It depends where you live, by example Binance in US in totally different then other countries, where more services are provided due to legal concerns. Coinbase fits the goverment compliance for american users better than Binance.
Anyhow, almost all exchanges have the same steps to open a account and start trading, selling cryptocurrencies.
What Is the Binance Exchange?
The Binance Exchange is a leading cryptocurrency exchange founded in 2017. It features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 500 cryptocurrencies and virtual tokens, including bitcoin (BTC), ether (ETH), litecoin (LTC), dogecoin (DOGE), and its own coin, BNB.
Binance is an online exchange where users can trade cryptocurrencies. Binance also provides a crypto wallet for traders to store their electronic funds.
How to open an account on Binance?
Scan the barcode to Binance & Get discounts on your trades, Games and many more…
Let’s Open an account on binance:
Scan the barcode ab or use this link to binance app.
- Enter your email address.
- Next, check your inbox & enter the 6 digit code sent to your email and press submit.
- Set your password, It should be 8 character with at least one letter in uppercase, hit Next.
- You should see the last image and here you opened a binance account in 5 easy steps.
Complete Binance KYC on the Mobile App
It’s recomended to direct to binance app from your store, to get your face verification and upload your ID, when you ID, passport, or driving liscence are provided and uploaded, you will be directed to face recognition verification for the purpose to validate users. After you completed your verification in less than 5 minutes you will elligible to buy your first cryptocurrency on a centralized exchange, like binance.
Binance verification.
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