It also has its own currency: Binance Coin, which is used to carry out operations within the platform and enjoy lower commissions. Limited commissions, a large number of cryptocurrencies, various investment alternatives and financial guidance programs are some of its main features and proposals.
How to open a Binance account
A Binance account acts as your gateway to cryptocurrency trading. But before you can buy your first bitcoin or BNB, you’ll need to open an account.
- Go to the Binance home page and click [Registrarse] in the upper right corner.
- Enter your email address and choose a strong password. If you prefer, you can also sign up using your cell phone number instead of an email. If a friend has given you a referral code, now is also the time to enter it.
- Follow the instructions to verify your account by entering the code sent to your email address or mobile phone number.
- As soon as you are verified, everything should be ready in your Binance account. You are one step closer to being able to buy cryptocurrencies, so let’s see what the process of executing the first purchase looks like.
How to buy cryptocurrencies on Binance
Before you can buy crypto on Binance, you will need to complete the identity identification process known as Know Your Customer (KYC). The KYC process helps us make sure that you are who you say you are, and that you meet our legal requirements.
Once you finish the identity verification, you will be able to buy cryptocurrencies through different methods.
- Credit/debit card: the simplest option for new users.
- Deposit funds in your wallet: transfer money from your bank account and use it on the exchange.
- BinanceP2P: Buy crypto directly from other users with Binance’s peer-to-peer service.
Source: Ambito
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