So, how to trade crypto on Binance? Actually, before trading you are required to make a deposit. Check out Binance’s three deposit methods from crypto coins, bank transfers, and e-wallet.
Tutorial Register in Binance
How to Register with Mobile Number
1. Go to Binance.com click register.
2. Click Mobile and enter the mobile number and password for your account, and the Referral ID (optional). Read and agree to the Terms of Use and click Create Account.
Notes:
- For account security, the password must be at least 8 characters long, including 1 uppercase character and 1 number.
- If you have been referred to register on Binance by a friend, be sure to fill in the Referral ID (optional).
3. Complete Security Verification.
4. The system will send an SMS verification code to your phone. Enter the 6-digit verification code within 30 minutes. If you can’t receive it, click [Resend], or click [Please try voice verification] to use voice verification.
5. Congratulations, you have successfully registered on Binance.
6. To increase the security of your account, click (Go to Dashboard) to enable two-factor authentication (2FA), including phone verification and Google verification.
How to Register by Email
1. Go to Binance.com click register
2. On the registration page, enter your email address, create a password for your account, and enter your Referral ID (optional). Then, read and agree to the Terms of Service and click [Create Account].
Notes :
- Your password must be a combination of numbers and letters. It must contain at least 8 characters, one UPPER CASE letter, and one number.
- If you have been referred to register on Binance by a friend, be sure to fill in the Referral ID (optional).
3. Complete Security Verification.
4. The system will send a verification code to your email. Enter the verification code within 30 minutes. If you can’t find the email in your inbox, also check your other email folders, or click [Resend Email] to resend.
5. Congratulations, you have successfully registered on Binance.
6. To increase the security of your account, click [Go to Dashboard] to enable two-factor authentication (2FA), including phone verification and Google verification.
How to Deposit Binance from Crypto Coins
If you have crypto coins on other exchange platforms, you can transfer them to your Binance wallet and make a deposit. The ways to deposit Binance BNB quoting from the official Binance website are as follows.
1. Login Binance Account
Then, select the “Wallet” menu and click “Overview”. If you are already on the Binance Overview page, you can click “Deposit”. After the pop-up page appears on “Deposito Fund” select the “Crypto Deposit” menu.
2. Choose Crypto Money Type
Then select the type of cryptocurrency you want to transfer, such as BTC, ETH, USDT, EOS, and others. Make sure the deposit network you choose is the same as the network from which you withdraw funds.
3. Select Network to Deposit
If the type of cryptocurrency you choose is issued by a certain network, then select that network to deposit.
- BEP2 for Binance Chain.
- BEP20 for Binance Smart Chain (BSC).
- ERC20 for Ethereum.
- TRC20 for TRON.
- BTC for Bitcoins.
- BTC (SegWit) for Native Segwit.
4. Choose ERC20 Deposit Network
If you are going to withdraw USDT from another platform and deposit it to Binance. Due to withdrawing from an ERC20 (Ethereum blockchain) address, you should choose an ERC20 deposit network. Because if you choose the wrong network, the funds will be lost. Then click “Send”.
5. Copy Binance Wallet Deposit Address
Click to copy your Binance Wallet deposit address and paste it into the address of the platform where you want to withdraw crypto.
6. Deposit Confirmation
After the withdrawal request, it takes time for the confirmation process. Confirmation times vary depending on the blockchain and its network traffic.
7. Check Transaction History
You can check and check the incoming deposit under “Transaction History” and there will be more information about the last transaction you made.
How to Deposit Binance Via Bank Transfer
In addition to transfers from cryptocurrency coins, you can also make deposits on Binance using Fiat currency via bank transfer. Check out the easy steps to make a Binance deposit via bank transfer below.
- Please login to your Binance account first. Then, navigate to the Wallet menu at the top.
- If a popup menu appears, please select “Fiat and Spot”.
- Next, click “Deposit”.
- Select the “Fiat” menu.
- Make sure you have verified your Binance account identity. But if you haven’t verified yet, please click “Verify Now” and follow the next instructions.
- Select the currency you will use to purchase and select the payment method. Now, binance supports payment methods using credit cards, debit cards, bank transfers, and cash balances.
- If so, enter the required details. Make sure the bank account for the transfer is privately owned or in your name.
- Follow the next instructions and wait for your Binance account balance to increase.
How to Deposit Binance from E-Wallet?
- First, open the Binance site, make sure you log in with a verified Binance account.
- Go to the Spot menu and click “P2P Accounts”.
- If the P2P page is already open, the Binance system will display sellers who accept deposits with OVO, GoPay and DANA so that it will be easier for you to make deposits to Binance.
- Please select a payment method. Then proceed to buying USDT for depositing into your Binance account.
- Then click “Buy USDT”.
- Click “Transferred”, for the confirmation process, the point is to notify the seller that you have sent money to the account in question.
After making a deposit on the Binance application using one of the three methods above, here are tips and how to trade crypto on Binance that beginners must know.
1. Create a Binance Account
Before trading, users are required to have a Binance account. You can register through the Binance website on the binance.com page or the Binance application which can be downloaded from Google Play or the App Store.
2. Identity Verification
After having an account, you are asked to first verify using your identity. Then, please log in or login on going to Binance.
3. Trading Fund Deposit
After that, make a deposit of funds before trading. There are various methods that can be used to make deposits such as by buying crypto coins (cryptocurrencies) such as BTC, ETH, USDT, EOS, bank transfers, and e-wallets as described above.
4. Choose the Type of Trading According to Ability
If you already have funds, you can trade. Choose the type of trading according to your wishes and abilities. There are various types of trading options namely SPOT, Futures, Options, and Fiat. For beginners, you can try the SPOT type of trading.
5. Start Trading
After selecting the type of trade, you can choose the amount of crypto and start trading. In the world of trading, of course, there are certain strategies, such as the price is rising, immediately sell and if the price drops or is cheap, it’s a good idea to buy immediately. Stop limit allows users to make buying and selling transactions when they reach a certain price.