In today's era, trading has become an essential and sought-after topic. Many individuals aspire to engage in a profession where they face minimal obstacles and avoid excessive hard work. Hence, the idea of exploring trading on online platforms gains popularity. Binance emerges as a highly regarded and secure platform for trading worldwide. By using this platform, individuals can potentially earn significant profits. However, to achieve success, one needs to learn the art of trading and apply strategic thinking.
If you're interested in, that how you can create an account on binance, follow the steps below.
How to Create Binance Account in Mobile App:
To register on the Binance app, follow these steps:
- First, install the Binance app from the Play Store.
- Open the Binance app. If you are an experienced user, select "Experienced User." If you are new to trading, choose "User with no experience."
- Click on "Sign Up," and then choose your preferred registration method.
- If you want to register using your Google Gmail ID, click on "Continue with Google."
- If you prefer using your Apple ID, click on "Continue with Apple."
- If you want to create an account manually, click on the "Sign Up" option and on the next step click on signup for personal account, if you don’t want to create entity account. You can see how to create entity account below.
- If you selected "Sign Up," you'll need to provide your email or phone number and set a password. Ensure that your password has a minimum length of 8 characters.
- Optionally, you can enter a referral ID if someone referred you. This may earn them a small commission from your trades.
- Check the Terms of Services and Privacy Policy, then click on "Create Personal Account."
- On the next screen, enter the 6-digit verification code sent to your email or phone number within 30 minutes. The code will no longer be valid after 30 minutes.
By following these steps, you'll successfully create an individual account on Binance and can start using the platform for trading.
What is entity account in binance
Creating an entity account on Binance is a process designed for businesses or entities, distinct from individual accounts. Here's an overview of why you might want to create an entity account and the differences between individual and entity accounts:
Why Create an Entity Account:
Business Use: Entity accounts are intended for businesses, corporations, or other legal entities that engage in trading activities.
Separation of Finances: It allows for a clear separation between personal finances and business/trading activities.
Compliance: Some businesses are required to use entity accounts to comply with regulatory and legal standards.
Advantages of Entity Account:
Business Transactions: Entity accounts are suited for managing funds and conducting transactions related to business activities.
Legal Compliance: Certain businesses, especially those dealing with larger volumes or institutional trading, may need to use entity accounts to comply with regulations.
Enhanced Features: Binance may provide additional features or services for entity accounts, tailored to the needs of businesses.
Differences Between Individual and Entity Accounts:
Account Type: Individual accounts are for personal use, while entity accounts are for businesses or legal entities.
Verification Process: The verification process for entity accounts may require additional documentation to verify the legal status of the entity.
Use Case: Individual accounts are suitable for personal trading, while entity accounts are designed for businesses engaging in trading activities.
Features and Services: Entity accounts may have access to specific features or services that cater to the needs of businesses.
How to Create an Entity Account:
To create entity account using Binance app, you need to click on the "Sign Up" button. Afterward, select "Need an entity account?Sign Up."
On the next screen, enter your entity name and select the legal type. Click on the "Next" button.
In the next step, provide either your email or phone number. Next, establish a password with a minimum of 8 characters. You can also add a friend's referral ID, as explained earlier. Remember to check the terms and conditions as well as the privacy policy.
After completing this step, you'll receive a verification email if you used your email for sign-up. If you used your phone number, a verification code will be sent to you.
Verify your email or phone number, and your account will be successfully created. Now, you can start using your Binance entity account.
How to Create Binance Account in Desktop App:
To register on the Binance website, visit the Binance website and click on the "Register" button. You can register using various methods such as Google, Apple, or by providing your email or phone number.
If you choose the option "Sign up with Gmail or Phone," the next step will open where you need to enter your email or phone number. After that, you'll also have the option to enter a referral ID and check the terms of service and privacy policy.
After providing the required information, Binance will send you a verification email containing a verification code. You need to verify this code within 30 minutes. If you added a phone number, the verification code will be sent to your phone.
Following the verification, you'll be prompted to set a password for your account. Ensure that the password has a minimum length of 8 characters. After completing these steps, your Binance account will be successfully created.
How to verify personal account on binance?
There are two convenient methods to initiate the identity verification process on Binance:
Dashboard Access:
Click on the "Verify/Get Verified" button located on your dashboard.
Profile Navigation:
Go to your profile, select "Identification," and follow the steps to complete the verification process.
Importance of Identity Verification
Identity verification, or Know Your Customer (KYC), is a crucial security measure implemented by Binance to protect your account from potential threats such as fraud, corruption, money laundering, and terrorist financing.
Mandatory for New Users
Completion of the verification process is mandatory for all new users. This step ensures access to Binance's diverse range of products and services.
Limited Permissions for Unverified Users
Existing users who have not undergone the verification process will experience temporary changes in account permissions. Services will be restricted to fund withdrawal, order cancellation, position closure, and redemption.
Enhanced Security Measures
Depending on your region or chosen payment channels, there might be a requirement to increase your identity verification level. This additional step further enhances the security of your Binance account.
Learn More
For detailed information, please refer to the comprehensive guide on "Why Do I Need to Complete Identity Verification for My Binance Account?"
How to Complete Identity Verification on Binance
Step 1: Log in and Navigate
Log in to your personal Binance account and click on the [Profile] icon and then click on [Identification]. Next step, you can click [Complete Now] on the pop-up window.
Step 2: Initiate Verification
Click [Get Verified].
Step 3: Choose Country
Select your country of residence. Ensure this matches your ID documents.
Step 4: Enter Personal Information
Enter your personal details and click [Continue]. Double-check for consistency with your ID documents as changes are not possible post-confirmation.
Step 5: Verify ID Documents
Choose to either take a photo with your device's camera or verify using the Binance App. Click [Continue].
Step 6: Initiate Verification
Click [Continue] to start the process.
Step 7: Capture Document Photos
Follow the instructions to take clear photos of your full ID document.
Step 8: Complete Liveness Check
Perform a liveness check by following the instructions to take a video of yourself. Remember to enable camera access and ensure proper lighting. Avoid hats, glasses, or filters.
Step 9: Await Review
Binance will promptly review your data. You'll receive an email notification upon successful verification. Please avoid refreshing your browser while this process is ongoing.
Additional Notes:
Ensure camera access is enabled on your device.
Avoid wearing hats, glasses, or using filters during the liveness check.
If unsuccessful, you can attempt the verification process more than once. Wait for 24 hours if your application is denied multiple times before trying again.
Conclusion:
In today's world, trading is a popular way for people to make money without putting in too much effort. Many folks are interested in trying online trading platforms like Binance, a secure and reliable option. To get started, creating an account on Binance is simple, whether you're using the mobile app or the desktop version.
For individuals, you just need to choose your experience level, pick a registration method (like Google or Apple), and fill in some details. If you're a business, there's an option for an entity account, which helps manage finances separately and comply with rules.
Identity verification is an extra step for security, ensuring that everyone follows the rules and stays safe. Whether you're an experienced trader or new to the game, Binance offers an easy-to-use platform with lots of features for making your way through the world of online trading.
FAQs
A: Binance is a secure online platform for trading that many people use to make money with minimal effort.
A: Install the Binance app, open it, choose your experience level, click "Sign Up," and select your preferred method (Google, Apple, or manual sign-up).
A: Entity accounts are for businesses. Click "Sign Up," select "Need an entity account? Sign Up," enter your business info, and verify your email or phone.
A: Yes, visit the Binance website, click "Register," choose a method (Google, Apple, email, or phone), and follow the steps.
A: Identity verification, or KYC, is crucial for security, protecting your account from fraud, corruption, and other threats.
A: Unverified users may have limited access to services like fund withdrawal and order cancellation.
A: Log in, click on the profile icon, select "Get Verified," choose your country, enter personal details, and verify your ID documents.
A: Wait for 24 hours before trying again. Make sure your device has camera access, avoid accessories during the liveness check, and follow instructions.
A: While you can trade, some services may be restricted. Completing identity verification unlocks the full range of Binance features.
A: Yes, Binance caters to both beginners and experienced users. Choose your experience level during registration.
A: Entity accounts are for businesses, providing a clear separation between personal and business finances, and complying with legal standards.
A: Yes, entity accounts are suited for managing business transactions, complying with regulations, and may offer additional features tailored to businesses.
A: Absolutely! During registration, choose "User with no experience." Binance is user-friendly for both beginners and experienced traders.
A: Binance is popular due to its reliability, security, and the potential for significant profits. It's a preferred choice for many online traders.
A: Both! Binance caters to individual traders and businesses. Choose the account type that suits your needs during registration.
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