How to Create a Binance Account - A Beginner‘s Guide to the Leading Crypto Exchange

Hey there! If you‘re new to the exciting world of cryptocurrency trading, creating a Binance account is one of the first steps you‘ll need to take.

As you probably know, Binance is the biggest global crypto exchange out there. It offers low trading fees, hundreds of digital asset options, and a wide range of helpful features for both newbie and pro traders.

But to access all that, you need to register for a Binance account and complete identity verification.

In this detailed guide, I‘ll walk you through how to set up your account from start to finish. I‘ve been using Binance myself for years, so I can provide tons of tips to help you get started on the right foot!

Let‘s get into it and learn how you can join the leading crypto exchange.

What is Binance? A Quick Introduction

Before we dive into the account creation process, let me provide a quick intro to Binance itself so you know what it‘s all about.

Binance is a cryptocurrency exchange platform that allows users to buy, sell, and trade digital assets and tokens. It was founded in 2017 by Changpeng Zhao and quickly became the largest exchange globally by trading volume.

Some key facts about Binance:

Supports over 500 cryptocurrencies and over 1,500 trading pairs
Processes $40 billion+ in trades every single day
Has over 120 million users worldwide
Offers spot, margin, futures, options, NFT, staking, earning, and P2P trading
Native utility token is BNB (over $55 billion market cap)

Binance gained popularity due to its wide variety of crypto assets, top-tier matching engine technology, multi-language support, and low 0.1% trading fees if you hold BNB.

It‘s an ideal exchange for both beginners getting started in crypto, as well as advanced traders who need robust tools and fast order execution.

Now let‘s get you set up with an account!

Step 1: Downloading the Binance App

The first step is to download the Binance app on your mobile device or visit Binance.com on your desktop.

I recommend using the app since the interface is intuitive and easy to navigate.

To download the iOS or Android app:

Open the App Store or Google Play Store on your device
Search for "Binance"
Download and install the official Binance app
Once installed, open up the app

You‘ll see the login and registration options. Since this is your first time, let‘s set up your account from scratch.

Binance App Download

See the "Register" button? This is where the account creation magic happens.

Step 2: Register Your New Binance Account

Tap "Register" and you‘ll be taken to a registration form.

To set up your new account, you‘ll need to enter:

Your email address
A secure password
Referral ID (optional to earn rewards)
Pass the captcha test

Make sure to choose a strong password and keep it private. Enabling two-factor authentication later will also help secure your account.

Once your form is filled out, hit the "Register" button at the bottom to create your account.

Enter your email, password, referral ID (if you have one), and register your new account.

Awesome! Your Binance account is now registered.

You‘ll get an email asking to verify your address. Click the link in the email and enter the confirmation code they provide. This proves you actually own the email address.

Step 3: Complete Basic KYC Verification

To unlock full account features and higher trading limits, you need to complete identity verification through Know Your Customer (KYC) procedures.

Binance has three levels of verification:

Email – Automatically done when you register
Basic – Submit full name, DOB, address info
Intermediate – Upload photo ID and selfie

I recommend at least completing the Basic level immediately, which only takes a few minutes. Here‘s how:

Tap your profile icon in the bottom right of the Binance app
Choose "Verify" near the top and select "Basic"
Enter your full legal name exactly as it appears on your ID document
Input your date of birth and residential address details
Double check all info matches your ID before submitting

Once submitted, Binance will manually verify your Basic account details. This usually takes 1-3 days.

Completing Basic verification increases your daily withdrawal limit to 2 BTC, letting you take full advantage of Binance‘s trading options.

Step 4: Upload ID for Intermediate Verification

To further increase your trading power, you can complete Intermediate verification too. This raises your daily withdrawal limit to a whopping 100 BTC!

Here are the steps to upgrade to Intermediate:

In your Binance profile, choose Intermediate verification
Take clear, high-quality photos of your government ID (passport or driver‘s license)
Make sure to get the front and back of your ID in the photos
Also take a selfie of yourself holding up the ID document
Upload the ID photos and selfie for manual verification

Approval for Intermediate verification usually takes 1-5 days.

I recommend completing this right away so you don‘t have to think about trading limits as you‘re getting started.

Step 5: Deposit Funds and Make Your First Trade!

Your Binance account is now fully verified – way to go!

You‘re now ready to:

Deposit cryptocurrency or fiat funds into your account
Browse through the hundreds of trading pairs
Execute your first trades by entering buy/sell orders

For example, if you wanted to buy Bitcoin:

Tap "Trade" and select the BTC/USDT trading pair
Enter the amount of Bitcoin you want to buy
Choose your order type (limit, market, etc)
Tap "Buy BTC" and confirm to complete your order

And congrats, you just bought Bitcoin on the Binance crypto exchange!

Feel free to keep practicing with small test trades. As you get the hang of it, you‘ll be ready to dive in and start actively trading cryptos.

How Binance Compares to Other Exchanges

With your new Binance account ready to roll, you may be wondering how it stacks up against other popular crypto exchanges like Coinbase or Kraken.

Here‘s a quick comparison of some key features:

Exchange	Binance	Coinbase	Kraken
Fees (avg)	0.1%	0.50%	0.26%
Coins Listed	500+	90+	100+
Trading Options	Spot, margin, futures, P2P, staking, etc	Spot only	Spot, futures
Security	Very good	Excellent	Very good
Verification	Required	Required	Required
Mobile App	Robust trading app	Simple app	Minimal mobile app

As you can see, Binance really shines for its low trading fees, huge number of coins supported, and robust mobile app. It‘s a great one-stop shop for trading all different types of cryptocurrencies.

Coinbase is better suited for simple buying/selling of the major coins, while Kraken is good for futures trading.

But for spot trading hundreds of different cryptocurrencies, Binance can‘t be beat!

Crypto Trading Tips for Beginners

Now that your Binance account is set up, I want to provide some quick crypto trading tips for beginners to help you get started on the right foot:

Start small – Trade tiny amounts first to practice and get used to the interface, without much risk
Enable 2FA – Go into Account Security and enable 2-factor authentication for added safety
Analyze the markets – Spend time studying price charts, volumes, technical indicators to find trading opportunities
Diversify your trades – Don‘t go all-in on one coin. Spread out risk among different assets.
Set stop losses – Use stop losses to exit positions and limit losses if the trade goes against you
Don‘t get emotional – Stick to your trading plan and avoid making emotional impulse trades
Keep learning – Read, watch tutorials, take courses to continuously improve your crypto trading skills

If you follow these tips and keep practicing, you‘ll gain knowledge and experience as a trader. Before you know it, you‘ll be a confident crypto trading pro!

Conclusion

Creating a Binance account gives you access to a powerful crypto trading platform with lots of advantages:

Huge selection of cryptocurrencies to choose from
Advanced trading options like margin and futures trading
Leading liquidity to enter and exit trades efficiently
Robust mobile app makes trading on the go easy
Low 0.1% average trading fees to maximize profits
Tons of tutorials and guides to help you learn

I hope this step-by-step guide was helpful for learning how to set up your new Binance account. Just following these steps:

Downloading the app
Registering your account
Verifying your identity
Funding your account
Executing your first trades

You‘ll be on your way to trading like a pro on the top crypto exchange in no time. Feel free to reach out if you have any other questions. Happy trading!