How to create an account on Binance?

How to register on Binance? If you are looking to get into cryptocurrency trading, an account on Binance is a great way to start. Binance is a new digital asset exchange launched in July 2017. It offers a wide range of trading options, including a variety of cryptocurrencies, fiat currencies, and tether tokens.

To create an account on Binance, you must first create a free account on Binance.com. Once registered, click on the " Login » in the upper right corner of the main screen and enter your email address and password. You will then be redirected to the " Account where you can enter your personal information.

The process of creating an account on binance is very simple, just go to the official website and follow certain steps. There we will be asked to enter an email account and password.

Once we give you to register, a verification code will be sent to us so that the account becomes active. What we will get is an entry-level account. Before getting to the heart of the matter, we will first see the different accounts that can be created on Binance.

Let's go !!

🥀 The types of account to create on Binance

Depending on the operations we want to perform, there are three levels of user account.

Basic accounts

When we register with Binance, the basic account is activated, which allows depositing cryptocurrencies without limits and withdrawing one maximum of 2 BTC per day. The amount of 2 BTC per day adds all withdrawals, regardless of the cryptocurrency withdrawn. We can use the rest of the functions of the centralized exchange without problems.

Intermediate accounts

To reach this level, we must carry out an identity verification process, or what amounts to the same, pass the KYC-AML process. This process is based on uploading images of a national identity document and facial recognition.

It is activated, once the identity is verified, the deposit and the withdrawal in fiat currency, with a limit of 50 dollars per day or 500 000 dollars per month.

Cryptocurrency deposit is always unlimited, but cryptocurrency withdrawals are always limited to 100 BTC per day, regardless of cryptocurrency. Additionally, access to LPD, OTC and the ability to claim a Binance VISA card is given.

Advanced accounts

It is the same process as the intermediate level, but an identity verification is added, which is based on the upload of a type of invoice or receipt where our data and address appear.

It offers the same advantages as the intermediate level, only changing the deposit and withdrawal amounts. In this case, we may withdraw and/or deposit up to $200 per day and up to $2 million per month.

🥀 Requirements to Create a Binance Account

In order to complete your account registration with Binance, you will need to complete the verification step (KYC, which stands for know your client » i.e. the process of verifying the identity of customers and assessing their suitability, as well as the potential risks of improper intent towards the business relationship).

Credentials required for Binance KYC vary by region and depend on account type.

However, if you live in the US or EU, one of the following documents will allow you to pass Binance's KYC verification:

• A valid passport.
• An identity card issued by a government agency.
• Driver's license.
• PAN card or social security number.
• Voter's card.

When you get to the identity verification step, choose the Serial Number ID option instead of the one that requires scanning. For example, IDs like driver's license or passport usually require scanning, which sometimes slows down verification.

But number entry verification options like SSN or BVN are faster because Binance automatically verifies the numbers. You can create a Binance account using the mobile app or the web (using a computer). Although the process is virtually the same on both platforms, we will follow the steps for both.

🥀 How to create an account on Binance?

Binance is the best crypto exchange in the world with very low trading fees, high volume, and many cryptocurrencies listed on the platform. You can create a Binance account with a reduction of 20% + 25% on fees and start trading on the stock market.

Creating a Binance account is very simple and can be done in just a few steps. Follow the steps below and open your Binance account with 20% + 25% fee discount.

Step 1: Visit the Binance registration page

First visit the page Binance registration by clicking the button below and receive a 20% discount on fees.

Step 2: Register by phone or email

After clicking on the button above, click on the button “ register by phone or e-mail on the registration page to proceed to the next step.

If you want to create an entity account, press [Register for an entity account]. Please select the account type carefully. Once registered, you cannot change the account type. Please refer to the " Entity account for a detailed step-by-step guide.

To note : For account security, the password must consist of at least 8 characters, including 1 capital letter and 1 number. If you were referred to register on Binance by a friend, be sure to fill in the referral ID (optional).

Step 3: Perform the security check.

The system will send a verification code via SMS to your mobile phone. Please enter the 6-digit verification code within 30 minutes. If you cannot receive it, click [return] or click [Please try voice verification] to use voice verification instead.

NB: When you get to the identity verification step, choose an identification option with a serial number rather than one that requires scanning.

For example, ID documents like a driver's license or passport usually require scanning, which sometimes slows down verification.

But number entry verification options like your SSN or BVN are faster since Binance automatically verifies the numbers.

To improve the security of your account. Click on [Go to the dashboard] to enable two-factor authentication (2FA), including phone verification and Google verification.

You can create a Binance account through the mobile or web app (on your computer). Although the process is pretty much the same on both platforms, we will follow the steps for both. If you want to create your account from the mobile application, know that the strategy is elsewhere.

🥀 How to Create a Binance Account on the Mobile App ?

There are several ways to create an account on Binance. You can do this through your email address, phone number or Google account. And if you're using Mac or iPhone, you can sign up using your Apple ID.

The email address option is better because it is more inclusive. To start registering on the mobile app, install Binance on your smartphone via the Play Store or App Store if you have not already done so. Open the mobile app and follow these instructions:

Press on " Register " on the top corner left. Then select Register by phone or email. Next, select your country of residence from the Country/Region of residence drop-down menu. Select Create a personal account.

Enter your email address and password and press " Next ". Choose Yes or No near the bottom of the screen to choose whether or not to receive updates from Binance. You might get a security check screen. Complete it by doing slide lock in place.

Now check your inbox for Binance email verification code. Copy and paste it into the “Email verification code” field. Then press “ Next ».

If prompted, press " Enable to allow biometric authentication for Binance.

Next, provide your phone number and press " Next ". Verify your phone number if prompted. Click on " Check now to begin the Binance KYC process.

🥀 Complete Binance KYC on Mobile App

The phase of verification (KYC) is the most crucial step of Binance registration. You cannot transact or exchange currencies on Binance without completing this phase. To complete the KYC phase after clicking on “Check now'

Fill in the identity information fields appropriately and press " Continue " to continue. Enter your residential address, zip code and city name in the fields provided. Then press “ Continue ».

Next comes the document selection page. Press on " Other documents to display a list of other accepted documents. Select one and press " Continue ».

If the selected document type requires scanning, make sure your camera covers all angles. Then avoid a poorly lit environment. SOtherwise, enter the identification number in the field provided. Press on " Continue ».

Once this phase is successful, the application will take you to the facial recognition step. Press on " Start verification ". Artificial Intelligence may ask you to tilt your head, blink or smile at certain times. Follow these instructions carefully.

Remove any hats or glasses and avoid using a camera filter at this stage. Also make sure that there is sufficient lighting in the surrounding area and place your smartphone upright. You could even ask someone to help you with the rear camera for a better result.

🥀 Binance vs Binance US: which is better?

Of course, to diversify, a customer must be able to trade a wide variety of altcoins. When it comes to cryptocurrency listings, Binance is the undisputed king. But how does Binance.US measure up?

Binance

Binance may not offer as many cryptocurrencies as decentralized exchanges such as Uniswap. But when it comes to CEXs, Binance is the leader.

With more than 500 cryptocurrencies et more than 1 pairs trading options available to its clients, crypto traders who prioritize access to possible coins to buy/sell should strongly consider Binance.

binance.us

Although Binance.US is growing rapidly and is now considered one of the best crypto exchanges in the United States, it falls short of its parent company, Binance.

In all honesty, this is not due to a failure of Binance.US, but rather the regulatory hurdles it faces. That being said, Binance.US currently has 53 cryptocurrencies (including the stablecoins) available for trading.

verdict: When it comes to the number of cryptocurrencies available for trading, Binance.US is relatively in line with other US-based crypto exchanges such as Coinbase, Kraken, and Gemini. However, it certainly cannot compete with its parent company -Binance.

🥀 Differences in trading fees

Binance's low fees are one of its biggest selling points. They are higher for big players on Binance US. While some exchanges like Coinbase (Coinbase Pro is much cheaper) and Gemini are known for being rather expensive, Binance is known for offering some of the lowest cryptocurrency trading fees in the world.

Once again, US citizens are probably wondering if Binance.US can compete with Binance in this category.

Trading fees at Binance

Binance uses a tiered fee structure, which clearly shows how much clients will pay in trading fees based on their tier. Binance's standard trading fees are of 0,1%.

But by using the native Binance BNB token, you can significantly reduce fees, currently 25% less if you check the option to pay the fees in BNB (instead of paying them in the coin you buy).

At the lowest volume level, VIP 0, trading fees are 0,1% for decision makers and takers. For customers who generate enough volume to qualify for the next tier, VIP 9, trading fees are 0,02% for manufacturers and 0,04% for takers.

Additionally, there are several ways for customers to reduce the number of fees they pay when selling/buying cryptos. If clients pay a fee for trading with Binance's native token, BNB, the fee will be reduced by 25%.

Second choice fees can be reduced by referring friends to Binance. If a user pays fees with BNB and refers a friend, the maximum they will pay in trading fees is 0,06% for each transaction. This is one of the best deals in all of crypto.

Trading fees at Binance.US

The same fee structure is also used on Binance US. Binance.US trading fees start at 0,1% but it offers such low fees than 0%. The exchange offers its lowest fees to users who invest millions of dollars.

But general investors can take advantage of mid-tier discounts. If you hold BNB in ​​your account, your trading fees will be automatically deducted and you will benefit from a 25% discount.

verdict: It's a tie. Binance.US offers the same low trading fees as Binance. Therefore, while Americans may not have access to so many cryptocurrencies on the US platform, they will at least pay the lowest fees in the world.

Binance vs. Binance.US: Security

The two interchanges have the same protocols of security. Binance was reviewed in 14 categories, including security policy, asset management, operational security and information systems. It has also obtained information security accreditation to meet ISO (International Standard Organization) standards.

Binance claims to have received information security accreditation after meeting the standards set by ISO. For the audits, Binance was reviewed on 114 criteria in 14 categories, including security policy, asset management, operational security, and information systems.

Binance vs. Binance.US: Customer Support

The platform’s customer service Binance is exceptional. It provides customer service in 7 different languages. That said, Binance does not yet have phone support. It is backed by a live chat support option and an FAQ section.

Similarly, Binance.US supports an email ticket support system and active social media channels where you can get answers.

Binance vs. Binance.US: Margin Trading

One of the newest features of the Binance platform is margin trading. You can transfer your BNB coins from your crypto exchange wallet to your margin trading wallet.

These coins can now be used as collateral to borrow more funds. The number of funds you can borrow will depend on your margin portfolio and follows a 5:1 fixed rate. So if you have 1 BTC, you can borrow 4 more. In this example, we will borrow 0,02 BTC.

Binance.US does not yet have a margin trading interface or option.

Binance vs. Binance.US: Liquidity

The more liquid an asset is, the easier it will be to trade it without causing a major price change. Binance has become the largest cryptocurrency exchange in the world by trading volume. But it does not allow deposits and exchanges in US dollars.

Thus, most of the trading volume occurs against stablecoin pairs such as BTC-USDT, BTC-USDC, and BTC-BUSD (Binance.USD (BUSD) is a stable coin denominated in USD). Binance's volume is spread across a much larger pool of cryptocurrencies than other exchanges such as Coinbase and Kraken.

Deposit and withdrawal methods

Since Binance's main platform was crypto-only where you could make deposits to any of the more than 750 parts supported. The same goes for withdrawals – you just need the address on the blockchain of the coin you want to withdraw.

Nowadays, Binance also supports escrow so you can buy bitcoins with credit/debit cards.

Binance.US offers its customers the ability to purchase cryptocurrency with a debit card, Automated Clearing House (ACH), and wire transfer. Of course, you can always deposit funds in any of the supported cryptocurrencies on the exchange.

🥀 How to do affiliate marketing with Binance?

Do you want to earn free cryptos on Binance? Or, Do you want to do affiliate marketing with Binance? One of the best ways to make money today is affiliate marketing. It's a great way to drive sales and generate revenue online.

What is the Binance affiliate program?

The affiliate program established by Binance offers several commission rates for all Futures and Spot transactions.

You have the option of creating your own referral link via the " Standard sponsorship mode » which will allow you to invite new users from register and start trading on Binance.

If someone happens to use your referral link to sign up, they directly become your affiliate. If you happen to make a Trade, you will get commissions on each operation.

Whether the trade is on a futures, margin, spot market, or even on Binance Pool you always receive your commission.

Who can apply for the Binance Affiliate Program?

Traders who are part of the crypto community as well as content creators are eligible. If you are, for example, Youtubers, bloggers, etc. who wish to become partners of Binance, you have the possibility of registering for the program.

For individuals 

You will need to have a social media account with minimum 5 followers or subscribers on its platforms: (YouTube, Instagram, Facebook, Twitter, etc.). These conditions were before.

Crypto community traders

You need to be a financial leader or influencer with a community of several members.

Businesses

They must have:

• With a user base of over 2 people,
• A platform that allows you to analyze markets with at least 5 visits per day,
• From a media platform,
• funds in crypto,
• As well as an aggregate trading platform.

🥀 Affiliate marketing with Binance, how does it work?

Everyone who subscribes to the affiliate program receives a commission rate of 41% (increased by 20% by default for regular partners) on Spot trading. Additionally, those who invite more than 500 merchants will receive an increased commission of 50%.

Binance Futures Affiliates

You will receive a referral bonus of 40% basis when you join the program. This means you get 30% of fees negotiation of the users you invite. While they can benefit from a 10% reduction on trading fees.

Please note that this 10% discount will only be valid for 30 days from the date of activation of the Futures account.

The referral commission for the Futures market is limited to one year from the opening of the Futures account by the new user. Please note that you can only receive Futures referral commission from regular users – VIP 0 you referred.

Additional benefits

Get an additional Futures bonus of up to 72 USDT each month.

🥀 Binance Affiliate Program Membership Requirements

Spot (41%) and Futures (30%): You onboarded 10 new traders, and they generated over 50 BTC in trading volume. Spot (50%) and Futures (30%): You onboarded 100 new traders, and they generated over 500 BTC in trading volume.

For example, user A currently benefits from a Spot referral commission rate of 50%. In the last quarter, User A only onboarded 50 new traders, and they generated 100 BTC in trading volume.

Its Spot referral commission rate will be lowered from 50% to 41% for the next 90 days.

If User A onboarded 100 new traders and the new traders generated 500 BTC in trading volume. User A's Spot Referral Commission rate will be increased to 50% for the next 90 days.

🥀 How to benefit from this program as a partner?

To start inviting new users and earning commissions, you need to connect to your Binance account. Then click on your profile and on “ sponsorship ».

You will subsequently see that binance offers two types of sponsorships: Lite sponsorship and Standard sponsorship. Go to the referral page in standard mode to be able to create and also manage your referral links from your Binance account.

You can also track the performance related to each referral link you have shared with your community and even customize them by channels using several different discounts.

Once your links are created, if someone uses your standard referral link to create their Binance account, you will have the opportunity to receive up to 50% commission anytime they place a trade.

🥀 Why is it important to join the Binance Affiliate Program?

Joining the program will be very beneficial to you whether you are a spot affiliate or even in the long term:

Spot Affiliates

When we talk about " Sponsored traders », we refer to the number of users who have already registered thanks to your referral link and who have already carried out a spot, margin and or futures transaction.

Term Affiliate

When you join the program, you receive a base referral bonus in 40% height. This says that you get 30% of the fees from the different users you invited.

They have the opportunity to benefit from a 10% discount on Trading fees. And it is important to know that this 10% reduction is not only valid for 30 days from the date of activation of the term account.

In addition to receiving 30% commission and to give the possibility to the godchildren to obtain 10% discounts, Binance Futures affiliates have the possibility of obtaining a bonus which can go up to 72 USDT depending on the different fees that each referral pays during a period of one month.

Let's take an example, if it happens that your godchildren realize the equivalent of 20 USDT as trading fees between 01/05/2022 and 31/05/2022, then you will receive a bonus of 2 USDT in excess of your 30% standard commission.

These bonuses must therefore be distributed once to your Binance Futures account in USDT no later than the 15th of each month.

Binance Affiliate Program Commission 

Your rates for referral commissions should be reviewed and increased quarterly (90 days).

Binance Affiliates who are your referrals and who meet the requirements below may continue to receive referral commission benefits. And this will be valid for the next 90 days from the date the assessment, This happened.

Binance Affiliate Program Membership Requirements.

• If in your account, you realize spot (41%) and term (30%) : during the period, you have added at least 10 more traders who generate more than 50 BTC in trading volume.
• You realize in spot (41%) And term (30%) : You have already registered more than 100 new Traders who are already generating more than 500 BTC in terms of trading volume.

For example, during a quarter, a user X only benefits from a sponsorship commission rate for his spot account of 50%, and he has only registered 50 new Traders who generate 100 BTC in Trading volume.

Then, his commission rate for spot sponsorship will have to increase by 50% to 41% over the next 90 days.

Yes, user X during the period invited 100 new traders, and that its new traders in terms of trading volume, generates 500 BTC. The rate of its spot sponsorship commissions must increase by 50% over the next 90 days.

Please note: :

For new applicants to the program, in order to be eligible for the spot referral commission rate in 50% height, you will need to register with your referral link at less than 500 people who have traded on Binance. To apply, you will need to contact your account manager or even customer service.

When we talk about " Godson who already Trader we refer to new users who have used your standard referral link to sign up with Binance and have already traded spot, margin, futures or even just mining.