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How to open an account on Binance? (Step by step)

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If you have decided that you would like to try Binance out then the registration process is pretty straightforward and will have you up and ready to trade in under 10 minutes.

To sign up, click here.

Disclaimer: By clicking on the link, you are registering as our referral. We are going to receive referral reward for every time you open/close a trade. This is part of Binance fee structure, and it won’t increase your fees. We are suggesting you Binance because we do believe that it is the best crypto exchange in the market at the moment not to get referral reward.

When you sign up, all you need to use is a valid email address and password.

Once you have completed this information, they will require you to confirm the email address.

Make sure to confirm your signup on Binance.

Upon confirmation by the link in the email they send, you are ready to log into your account and begin trading.

When you first log back in, you will be presented with a disclaimer and warning.

This will take you through some of the most important security procedures on Binance so it is wise to take note.

What next?

After this, you will be prompted to set up your Two-factor authentication to secure your account.

This is probably one of the most important things to do and we would suggest it.

Moreover, Binance will not allow you to withdraw coins unless you have done so.

You have now completed the Binance registration and can start trading.

There is an important point that you have to consider now when it comes to verifications.

Do I have to verify my Binance account?

Binance is one of the few exchanges that still allow unverified accounts to trade on them.

This means that you do not have to send Binance any forms of identification to trade.

However, there is a limit on this.

For these unverified accounts, you have a withdrawal limit of up to 2BTC in 24 hours.

For most traders, this would be sufficient however if you would like to increase this limit then you will need to get verified up to level 2.

This will allow you to withdraw up 100 BTC in 24 hours.

To get verified up to level two, you will need to give Binance your details as well as your address.

They will also require some form of government ID.

Once you have submitted, the documents will be scanned by an external verification agency, and you should receive approval within an hour.

There is no reason at the moment to go through the verification process as long as you are not withdrawing more than 2 BTC per day.