Creating a Binance account is the ultimate gateway to the largest crypto exchange in the world. Whether you’re a complete beginner or an advanced trader, this simple guide will walk you through every step of creating your first Binance account while ensuring you make the most of the trading platform with the right referral code.
Step-by-Step Account Creation
The process of registration on Binance only takes just a few minutes.
- First step is to navigate to the official Binance website. You can also download the mobile app from play store or App store. Ensure you’re on the legitimate site to avoid landing on phishing sites.
- Go on to click on the “Register” on the top right corner of the Binance homepage. You’ll have two registration options: email or phone number. Select your preferred registration method and enter all the necessary info. Then go on to create a strong password with (uppercase, lowercase, numbers, and special characters). This is important for security purposes.
- After providing your details, you’ll then receive a verification code via email or SMS. Enter the code within the required timeframe to verify your contact info. The role of this step is to ensure access to the email address/phone number provided.
- Next, you’ll need to set up (2FA) authentication. While it may be optional, it’s highly recommended for maximum protection of your account. Select between SMS authentication or Google Authenticator for enhanced and robust security.
Where Exactly to Input the Referral Code
Timing is important when you intend to use a Binance referral code. When creating your account, you’ll identify a field labeled “Referral ID” or “Referral Code” on the signup page.
This usually appears right after you’ve entered your email or phone number and before you finish the registration process.
Using a referral code on Binance is optional, meaning that you can skip it, however this means you’ll be missing out on some valuable bonuses and trading discounts
If you don’t spot the field immediately, look out for a small link that says “Referral ID (optional)” or something similar.
Once you’ve identified the field, go on to enter your referral code exactly as it is.
A good Binance referral code you can use is (BONUS369) with up to $600 in welcome bonuses and a 20% lifetime discount on all trading fees.
Double-check to ensure you’ve entered correctly before proceeding, as it’s impossible to add a referral code after you’ve created your Binance account.
Common Signup Mistakes
Many new users on Binance may experience avoidable issues during registration. One common mistake is using a temporary/secondary email address that you don’t use on the regular.
Binance sends important updates, security notifications and verification requests. So it’s essential to use your official email.
Another common error is creating a typically weak password or reusing previous passwords from other platforms. Each crypto exchange should have its own unique, strong password for optimum security. Moreover, some users will forget to save 2FA backup codes, which leads to Binance account access issues in case they lose their current device.
Geographic restrictions tend to catch many users off guard. Binance operates differently in different countries, and some locations/regions have exclusive versions like Binance.US. When creating your Binance account; make sure you’re on the right platform for your location.
Barely reading the terms and conditions and not understanding withdrawal limits, trading restrictions, or verification requirements that could lead to inconveniences later. Take a moment to fully understand these basic policies.
Account Verification Basics
Binance comes with a tiered verification system. Basic accounts typically have limited access and functionality, hence finishing identity verification activates full trading capabilities and also higher withdrawal limits.
The verification process requires govt-issued ID such as a passport, driver’s license, or national ID card. As a Binance user, you’ll need to upload clean and clear photos of the front and back of your ID document. The images should be well-lit, in focus, and fit all corners of the ID.
Additionally, you’ll also complete facial verification, which usually involves taking a selfie and you’ll essentially be required to perform certain movements like opening your mouth, blinking and turning your head.
The facial verification biometric check confirms that you indeed hold the identity of the person on the ID document.
Processing times may vary but it takes anywhere between a few minutes to 24 hours. During the peak periods, verification tends to be slower.
Upon approval, you’ll receive a confirmation email and you’ll be able to access all platform features.
Frequently Asked Questions
- Can I add a referral code after creating my account?
No, it is impossible to add a referral code after registration. Referral codes must be activated during the registration process. - Is there a cost to create a Binance account? Creating a Binance account is absolutely free. You’ll only need to fund your account when you begin trading.
- What happens if my verification is rejected? In case you’re your verification fails; you’ll receive feedback. However common issues usually include unclear photos or expired documents. You can always re-submit with the right info.
- How long do welcome bonuses last? Most times bonus terms tend to vary. Promotional benefits will have expiration dates and specific conditions. Always check the terms and conditions that come with your specific referral code.
Maximizing Benefits with a Binance referral code
If you’re ready to begin your journey on Binance; use the Binance referral code BONUS369 as your Binance code during registration in order to unlock up to $600 in welcome bonuses and a 20% lifetime discount on all trading fees.
This is how you substantially reduce your trading costs over time and have access to special bonuses; making the smart choice for you as a new trader on Binance.
Disclaimer:
- The information provided in this post is for informational and educational purposes only and should not be construed as professional financial advice. Always do your own research or consult with a licensed financial advisor before making any investment decisions.
- Cryptocurrency investments are highly volatile and involve significant risk, including the potential loss of all invested capital. Past performance is not indicative of future results. This post does not endorse or promote any specific cryptocurrency, token, or investment strategy.
- This post may contain affiliate links, meaning we may earn a commission at no additional cost to you if you make a purchase or sign up through one of these links. We only recommend products or services we trust and believe in.