There are many reasons to learn how to sign up for Binance. As the world’s best exchange, it supports various types of cryptocurrencies and various trading methods, so you have a wide range of choices and a wide variety of hedging methods.
Benefits of Signing Up for Binance
- Hundreds of different coins that cannot be traded in Korea can be traded
- Supports futures trading, hedging against declines
- Margin trading is supported, high-magnification trading is possible, so high return
- High trading volume can digest high trading volume.
- Able to generate interest income as a deposit (staking) product
- Stable system – no lag. Do not stop – Domestic exchanges explode every day…
- Low fees – Low fees compared to domestic exchanges
- Various fee discounts provided when owning your own BNB (Binance Coin)
- Arbitrage transaction possible – Arbitrage transaction possible using Korea premium
You can sign up for Binance using your email and mobile number.
You can sign up in your preferred form. Each person probably has their own preferred method.
After entering your email and password, click ‘Create Account’.
If you follow the link above, the registration screen will appear.
You can choose between signing up by email or by phone.
Since most people prefer to sign up for e-mail, I’ll briefly explain mobile phone sign-up.
If you select Mobile at the top and enter the required information, a verification code will be sent to your mobile phone number.
And select Korea 82 for the country code and enter 10XXXXXXXX for the mobile phone number, omitting the leading 0.
Password must contain at least 8 characters, at least 1 uppercase English letter, and 1 or more lowercase letters.
In order to receive the Binance Fee Discount, you must enter the fee discount code in the Referral ID field. If you follow the link, it will be entered automatically.
A 20% discount on transaction fees can be applied without time limit.
Then, from now on, I will explain in detail how to sign up using e-mail.
Select your email address in the upper left corner, enter your email address, password, and fee discount code and click Create Account.
At this time, the password requires at least 8 characters, at least 1 uppercase English letter, and at least 1 lowercase letter.
And you need to enter a discount code to receive a 10% discount on transaction fees. If you follow the link, it will be entered automatically, so you do not need to enter it separately.
discount code is XPC9ZLH6 is.
Click “Create Account” at the bottom to display a puzzle.
You have to do a puzzle to do a secure authentication to prevent automatic or spammy signups.
Please enter the 6-digit verification code sent to you by email. The code is valid for 30 minutes.
Enter the 6-digit verification code sent to you by e-mail on the account verification screen to complete the registration.
After entering the verification code, the sign-up congratulation screen appears automatically. Click ‘Go to Dashboard’ in the upper right corner.
If you have entered the wrong place, you can move to the dashboard by hovering the mouse over the person icon in the top right corner.
If you enter by mistake, a banner bar will appear when you hover your mouse over the person icon at the top right. You can go to the dashboard by clicking on your e-mail address.
When you go to the dashboard, the following screen appears.
2FA authentication. It is essential because you can withdraw money only after completing one of two authentications: mobile phone authentication and Google OTP authentication. You can do both.
If you select phone verification first, a screen like the one above will appear. If you click on the country code and go down, you can select South Korea. The country code for Korea is 82.
For the mobile phone number, omit the leading 0 and enter 10 digits. If you click Send Code of the following sms verification code, a verification code will be sent to your phone. Enter it.
If you click Send Code in the email verification code, a verification code will be sent to your email. Enter both the sms verification code and email verification code and press submit to complete the 2FA verification and finally you can withdraw.
If you have done phone verification, you do not need to do Google verification. However, if you want to use Google Authenticator, select Google authentication to proceed. You can authenticate both the phone and Google Authenticator, or you can authenticate only one.
Google Authenticator can be downloaded from the Apple App Store or Google Play and installed on your phone or tablet. Just search for Google Authenticator in the App Store.
After installing Google Authenticator on your phone or tablet, tap Next and continue with step 2.
Go to the Google Authenticator installed on your smartphone and click the + in the lower right corner to open the QR scan. When you scan the QR mark with your phone, Binance Exchange is automatically registered in the OTP.
The 6-digit number will be used as a security authentication number for exchange logins and withdrawals in the future. After registration, click Next in step 2.
Step 3 is very important. It is recommended to record and save the backup key somewhere. Losing that backup key is tiring.
If your phone is broken or you lose your phone, you can restore Google Authenticator with a backup key. If you lose or do not know the backup key, it is very annoying because it can be reset by going through the identity verification process on the Binance Exchange.
In the last step 4, tap Send Code and enter the verification code sent to you by email.
After entering the Google Authenticator’s 6-digit verification code, the submission is complete.
Binance Identity Verification Method, Increase Withdrawal Limit
Once you have signed up, you are now ready to trade, but with a withdrawal limit. You can withdraw up to 2 BTC per day, up to 2 bits per day. At the current price, that’s about $500,000.
For other coins such as Ethereum and Ripple, the daily withdrawal limit is set at the price of 2 Bitcoins.
Then, to increase the withdrawal limit, you need to verify your identity, that is, KYC verification. The daily withdrawal limit increases to 100 BTC upon verification of identity. About 25 billion won. Ordinary ants abound.
If you do not need to withdraw more than 2 bits per day, you do not need to verify your identity. 50,000,000 won a day is not a small amount of money. Let’s take a closer look at how to verify Binance KYC.
On the exchange screen, click Settings on the left banner and enter the basic information below. Go to Basic Information and click the Authenticate button to the left of Personal Information.
If you select Korea as the country and click Start, the identity verification screen appears. Enter your English name and English address on the authentication screen.
You can omit the middle name from the first name and enter only the first and last name. You must set your date of birth and enter the following English address. It’s cumbersome.
The English address is converted to an English address using Naver’s English address converter. If you type the English address converter on Naver, it will appear. After entering all the information and submitting it, the ID verification screen appears.
In advanced authentication, you can choose from passport, driver’s license, or ID card (resident registration card). Select the one that suits your convenience and click Continue.
For driver’s licenses and ID cards, both the front and back must be photographed and uploaded. You have to come out clearly so you don’t get hit. For passports, you must take a picture of your profile screen and upload it.
Click Continue to proceed to verifying your photo.
The next step is to upload your selfie. It can also be a photo ID. Please do not wear a hat or glasses, upload a clear picture of yourself in bright light and press Continue.
Now, the face on your ID or passport must be checked to see if the face on the selfie or ID photo you just posted matches. If you click Start Certification, the examination proceeds and the examination result is notified by e-mail.
The mobile phone use verification and QR code below can be used when registering through the mobile application.
All certification processes must be completed within 15 minutes, and if it exceeds 15 minutes, you must start over.
One account can be authenticated 10 times per day. If you fail more than 10 times, you can re-authenticate after 24 hours.
In the next section, we will explain in detail how to sign up using the Binance mobile app. Those who do not have access to a PC can sign up with a smartphone.