Binance is the world’s largest cryptocurrency exchange, It supports the most commonly traded cryptocurrencies., It was founded in the year 2017. Oftentimes people find it very difficult to create a Binance account and that is because they don’t adhere to Binance registration guides. This article will guide you through.
Binance provides a crypto wallet for users to store their electronic funds. The exchange support services for users to earn interest or transact using cryptocurrencies.
Follow me closely as I take on the journey of how to go about the Binance Registration procedure.
Binance Registration – Sign Up – Create Binance account – www.binance.com
Creating a Binance account is very simple and anyone can do that without having to go through any stress. I will get guiding you through how to create your account and verify it.
Follow these 5 easy steps to verify a Binance account
Step 1: Register Account
Proceed to www.binance.com or you proceed to the App Store or google play store to install the finance app.
- Fill in your email address or your mobile phone number.
- Fill in your password and enter referral ID if you have any.
- Click on create an account thereafter.
Step 2:
Complete Binance Verification
Complete Identity Verification on your new Binance account to unlock the fiat deposit and withdrawal limits. This process generally takes a few seconds to complete, which includes
- Verifying your basic account information,
- Providing ID documentation
- Uploading a passport photograph
Step 3: Deposit Crypto
If you own crypto in another wallet, you can deposit them into your Binance Wallet.
Note: Never share your Binance Account/Wallet passwords, private keys, or codes with anyone. Binance will never ask you for sensitive information.
Step 4: Buy Crypto
Deposit Fiat
Depending on your country, you can deposit up to 50+ fiat currencies, such as EUR, BRL, and AUD to your Binance account using bank transfer and bank cards. You can find these different fiat channels here. You can use them to buy crypto directly once deposited.
- Buy Crypto Using Debit/Credit Card
You can easily buy crypto directly using your credit/debit card on the Binance App.
- Buy Crypto Using P2P (Peer-to-Peer)
You can also buy crypto using P2P methods, too. This allows you to directly buy crypto from other crypto users like you.
Step 5: Explore Binance Products
After obtaining your first crypto, you can start exploring our versatile trading products. In the Spot market, you can trade as many cryptos.
How Is Kyc Important For Crypto?
What is KYC?
KYC is an acronym for “know your client”. It is the verification of a client’s identity, generally by a financial institution.
Customers are required to submit identity verification requirements during account opening and at times, when there has been a change in the user’s personal information. For instants, if you do a change of name after creating your account, you will be required to update your personal information.
Most cryptocurrency exchanges make KYC, or identity verification mandatory for users to receive uninterrupted access to their services.
Benefits Of Verification On Binance
One good thing about KYC on Binance is that users enjoy a tier upgrade with lower fees and higher withdrawal limits.
Have it in mind that KYC is primarily reserved for users who go for the credit and debit card transaction options. Those who perform transactions frequently will also benefit from completing their KYC on Binance.
How To Complete KYC, Or Identity Verification On Binance
The identity verification process on Binance is straightforward. Follow the steps below on how to verify your Binance account.
1. Visit Binance.com
If you are a first-time user, you will have to create an account with Binance. If you are an existing user, just log in with your account details.
- Start the identity verification process
Once you have logged in, choose the [User Center] icon (pictured) on the top right corner of your screen. Then click [Identification] to proceed to the next step.
3. Verify your account
Click [Get Verified] to start the verification method. Note that the identification documents needed differ depending on your nationality. Therefore, after selecting your nationality, input your needed ID documents, which can embody a government-issued ID, legal name, home address, photo ID, zip code, and/or alternative needed details.
Can I Use Binance Without Verification?
Binance requires all users to complete Identity Verification to secure their account and to conform with countries’ regulations.
Therefore, you would possibly be asked to re-verify your Binance account from time to time. For instance, we require users to perform Identity Verification once more after we upgrade our compliance standards to be aligned with the new EU Anti-Money Laundering Directives.
1. Security
Identity Verification plays a crucial role in account security. With Identity Verification, Binance can secure your account from risks. We have to ensure our identity verification method will continue thus far with the new measures and supply a security framework at a technical level.
2. Regulatory
Binance also conforms with a series of AML (Anti-Money Laundering) standards, risk prevention, compliance, and the operation of certain activities that have been regulated by the jurisdictions. This can curb money laundering, terrorist financing, and illegal financial crime.
To retain access to any or all Binance products and services, all existing EEA countries’ users have to be compelled to re-verify their Binance accounts with the new identification.
Users will be notified in batches to perform the new verification.
Note that you can only be able to perform the new verification after you must have received the notification email.
Follow the instructions in the email to complete Identity Verification. Please complete the verification within the deadline, or your Binance account will be restricted to “Withdrawal Only”.
Do I Need To re-verify My Binance Account?
You need to re-verify your account if:
- You verified your account before the new EU Anti-Money Laundering Directives standards were implemented;
- You haven’t submitted your evidence of Address or answered the enhanced due diligence (EDD) questionnaire before;
- You used the old ID verification vendor to complete the ID verification;
- Your previous verification does not meet the requirements for the new EU Anti-Money Laundering Directives standards.
Note:
You will receive an email notification if you’re needed to re-verify or submit further info for your Binance account. Please complete the verification at intervals at the point or your Binance account is going to be restricted to “Withdrawal Only”.
Conclusion
Having gone through this content, you will agree with me that all you need to know about Binance Registration has been written up there.
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