We will guide you step by step on how to sign up for Binance (one of the world's largest cryptocurrency exchanges) and complete identity verification (KYC).
This guide covers everything from signing up with email/phone, setting up two-factor authentication, KYC verification procedures, tips for maintaining account security, and benefits for new users in detail so that beginners can easily follow.
1. How to sign up for Binance
Step 1: Access the official website – Open your internet browser and go to the Binance official site.
Step 2: Proceed with registration – Click the 'Sign Up' button on the homepage.
Choose and enter either an email address or phone number, and set a password for your account. It is recommended to create a strong password combining uppercase letters, lowercase letters, numbers, and special characters.
Step 3: Enter referral code
If you have a referral code (Referral ID) received from a friend or community, you can enter it during registration. Alternatively, entering the referral code 'A6M7M7YA' will give you a 20% discount on spot trading fees.
Step 4: Agree to terms and complete registration
Review the terms of service and privacy policy, check the agreement box, and then click the 'Create Account' or 'Sign Up' button to complete your registration. Shortly after, a verification code will be sent to the email or phone number used for registration.
2. Email and phone number verification
After completing the registration application, you will go through a verification code input process for identity verification. A verification email will be sent to the email address used during registration, or an SMS verification message will be sent to your phone number, which includes a 6-digit verification code.
3. Setting up two-factor authentication (2FA)
It is very important to set up two-factor authentication (2FA) for account security. 2FA requires additional authentication beyond the password, providing a security measure to prevent unauthorized access to the account. Binance typically allows using the Google Authenticator (OTP) app or SMS text authentication for 2FA.
After logging into your Binance account, click on the profile icon and go to the 'Security' menu. There, click the 'Activate' button next to the Google Authenticator item, and a QR code and security key will be displayed. Install the Google Authenticator app on your smartphone to scan the QR code or manually enter the security key.
By adding your Binance account in the app, a 6-digit one-time code will be generated, which you must enter on the Binance security settings screen to complete OTP linking. After the setup, you will need to enter the OTP code displayed in the app when logging in or withdrawing, so be careful not to share this code with anyone.
4. KYC (Know Your Customer) procedure
KYC (Know Your Customer) verification is a necessary identity verification process that must be completed after opening a Binance account. Binance requires KYC verification from all users to comply with international anti-money laundering regulations and other legal requirements, and you must complete KYC to increase your withdrawal limits and access all trading features of Binance.
1) Start KYC verification and necessary preparations:
After signing up, when you log into Binance, the 'Identity Verification' option will be displayed in the profile menu. Click this menu to start the KYC verification. For identity verification, you'll need one of the following IDs: passport, driver's license, or ID card, and a webcam or smartphone camera. Additionally, you will need to input personal information such as your English name, date of birth, and residential address during the verification process, so prepare these in advance.
2) Step-by-step process of KYC verification:
The KYC process proceeds in order according to the instructions. The estimated time remaining is usually displayed on the screen (e.g., 'Can be completed in 7 minutes'), and you can complete it step by step.
Entering personal information: First, the country of residence will be automatically selected, with South Korean users set to South Korea. Then enter your name (in English as per your passport), date of birth, and address.
The address must be written in English and should match the address on your resident registration. If you do not know the English address, you can use the 'Road Name Address English Conversion' service. Once all information is entered, click the Continue button to move to the next step.
Submitting ID: Choose the type of ID for identity verification. Follow the instructions on the screen to select either Passport, ID Card, or Driver’s License and click Continue. After selection, you must submit a photo or scanned image of the chosen ID. On the upload screen, ensure the entire ID is captured in the photo or image uploaded, and follow instructions like 'Upload a complete image... ensure all details are readable...', making sure the text is clear and all four corners of the ID are visible. Check that the ID is not damaged and that the expiration date is valid.
Facial verification: After submitting your ID, the face verification step will proceed. Capture a photo or video of your face using a webcam or smartphone camera to verify that the submitted ID photo matches your actual face. Follow the on-screen instructions to face the camera directly and take the photo. Remove glasses or hats and ensure there are no obstructions to your face.
Submission and review: If you have submitted all verification materials, the KYC application is complete. Binance will review the submitted information, and approval typically takes a few minutes to a maximum of 24 hours. Generally, approval is often completed within 10 minutes to 1 hour, and the approval status will be notified to the registered email.
5. How to maintain account security after registration
We will discuss how to securely manage and maintain your Binance account. These methods help strengthen your account security and protect your assets from unauthorized access.
Strong password management:
Use a unique combination for your account password that does not overlap with other sites, including at least 8 characters with uppercase letters, lowercase letters, and numbers.
Maintain security by regularly changing your password; it's recommended to change it every 3 to 6 months.
Setting up a withdrawal address whitelist:
Activate the withdrawal address whitelist function to allow withdrawals only to pre-registered cryptocurrency addresses. This feature prevents withdrawals to unauthorized addresses even if a hacker gains access to the account.
Setting up a phishing prevention code:
Activate the feature that includes the phishing prevention code set by the user in all official emails sent from Binance. By checking this code, you can determine whether the email is genuinely from Binance.
Be cautious of suspicious links or messages:
Do not click or respond to suspicious links or messages received via email, SMS, or social media. Always log in through the official website and app, and be cautious of scams pretending to be Binance customer support.
Other security tips:
Regularly monitor account activity to check for access from unfamiliar IP addresses or devices.
Avoid using public Wi-Fi or public computers, and always use personal devices with the latest security updates.
When using API keys, remove unnecessary permissions and deactivate any unused API keys.
6. New user benefit information
Binance offers various trading fee discounts and reward programs for new users. Here are ways to receive benefits as soon as you register:
Trading fee discount
Using a referral code: Enter the referral code A6M7M7YA during registration to receive a 10-20% discount on spot trading fees. This discount is automatically applied during the registration process, and the code can be obtained through the Binance community or friends.
Paying fees with BNB: By using Binance's native token BNB to pay trading fees, you can receive an additional 25% discount. This setting can be activated in your account settings.
New user reward program
Friend referral program: When a new user invites a friend, both the invited person and the inviter can receive a trading fee rebate voucher worth up to 600 USDT. This program applies when the new user deposits and trades a specific amount.
Trading and learning rewards: You can receive rewards by completing your first trade after registration or by completing learning missions like Binance's 'Learn & Earn' program. These events are subject to specific conditions and may vary by timing.
These benefits are offered to new users signing up for Binance, and rewards can be claimed directly from the reward center once event conditions are met. The conditions and duration of events can always change, so it is advisable to regularly check Binance's official announcements or event pages after signing up.