Being the popular cryptocurrency exchange in the world, Binance has its own massive followers across the world. It is considered as the second-largest platform as per the daily trading volume data shared by Cointelegraph. Users who are new and want to create an account on the exchange, this one is for you. You can follow the below-given steps and create a Binance account hassle-free.
Discovered in 2017 by Changpeng Zhao, the exchange was initially set-up in China but later on, due to the banning of crypto activities by the Chinese government, the exchange had to shift its headquarters to outside China. At present, the exchange has multiple crypto coins to cater to trading along and by the end of 2020, the exchange will launch 180 fiat currencies to its users.
Step-1: Visit the official website of Binance
You have to visit the official website of the Binance exchange and make sure to bookmark the page to avoid any attempt from phishing sites. In addition to that, examine the URL to check the authenticity of the website.
Step-2: Complete the Sign-Up Process
You have to click on the “Register” tab in the top right-hand corner of the website and provide the necessary information. You are requested to set a long and strong password to secure your account. Now, you have to verify yourself and need to click on “Register” to proceed further, during this time, you will receive a confirmation email on the registered email address, you have provided.
Step 3: Enable 2-Factor Authentication (2FA)
Now, a pop-up will appear on the screen when you log-in for the first time and instantly, enable 2fa to increase your security. Now, start depositing the cryptocurrency coins or tokens into your Binance account.
Steps to deposit in My account
Step 1: Visit the “Deposit” Page
On the dashboard, which is the first page comes when you login, click on the “Deposit/Withdrawal” button comes under the “Funds” tab on the top right-hand corner.
Step 2: Select the Coin You Want to Deposit
Now, choose the coins that you want to deposit and hit on the deposit button. For instance, if you want to deposit Bitcoin (BTC), you have to make sure that you click the “Deposit” button only for Bitcoin (BTC) not on other currencies because the address of every coin is different. You need to search for the coin in the search field to accelerate the process.
Step 3: Transfer Your Coins to the Generated Address
Under the “LTC Deposit Address”, an address will be generated if you are depositing LTC and the same for other currencies. For instance, if you want to transfer LTC from the wallet or from other exchanges to Binance, this is going to be the address you send your LTC at.
Step 4: View Your History
If you want to view the history of your deposit, it will be shown in the “Funds”> Deposits/Withdrawals” tab.
If you face any error while Binance opening account error, you need to follow the above-steps and execute the best process.