The rise of Bitcoin year after year continues to provoke various reactions – while some do not believe in it, others see it as the future of the financial system. Although the time has passed when you could buy significant amounts of this cryptocurrency for small amounts, interest continues to grow. If you are among those considering entering the world of crypto, below you will find a guide explaining how to buy Bitcoin and how to open an account on one of the most popular cryptocurrency exchanges - Binance.

What is Binance?

Unlike standard currencies that we exchange at banks or exchange offices, cryptocurrencies are bought and sold on specialized internet exchanges known as crypto exchanges. One of the most well-known and widely used is Binance.

Founded in 2017 in China, it soon relocated its headquarters to Japan after Chinese authorities imposed restrictions on cryptocurrency trading. Binance now has millions of users worldwide and offers its own cryptocurrency called Binance Coin (BNB).

How to create an account on Binance?

Registering on Binance is quick and easy. The main steps are as follows:

  • Visit the official website binance.com and click on the "Register" button in the upper right corner.

  • Choose whether you want to register via email address or phone number and set a secure password.

  • After entering your details, check your email inbox and confirm your registration by clicking the link.

  • Congratulations, you have created an account!

  • At this moment, you cannot trade at full capacity yet – identity verification is required for that.

Identity verification on the Binance platform

After registration, the next step is identity verification, which is mandatory for all users in order to trade smoothly.

The verification process includes the following:

  • Enter the country you are located in.

  • Prepare one valid document (ID card, passport, or driver's license).

  • Send a clear photo of the document.

  • Take a selfie to verify your identity.

Binance will review the information and send you confirmation via email.

Depending on the country, additional information such as your residential address may be requested.

How to buy Bitcoin through the Binance exchange?

Despite occasional fluctuations in price, Bitcoin shows long-term growth. If you have decided to buy it, Binance provides you with a fast and easy way to do so, whether through the website, app, or desktop version.

Buying Bitcoin – steps:

Log in to your Binance account.

Click on "Buy Crypto" in the upper left corner of the page.

  • Choose a payment method – it’s usually a credit card (Visa or Mastercard).

  • Enter the amount you want to invest (for users from Serbia, the minimum amount is $15).

  • Choose the cryptocurrency you are buying – in this case, Bitcoin.

  • Enter the card details: name, number, expiration date, and CVV code.

  • You enter additional information: residential address, city, postal code, etc.

  • Finally, you check the purchase summary and click “Confirm” to complete the process.

  • Bitcoin will appear in your Binance wallet immediately after the transaction is processed.

Buying cryptocurrencies through the Binance mobile app

If you use your phone more for payments and financial transactions, the Binance app is a great alternative to the web version. The process of buying through the mobile app is also very simple:

Download the app from Google Play or the App Store.

Log in or create a new account, HERE.

  • Click on the profile icon in the upper left corner and enable Lite Mode (easier view for beginners).

  • At the bottom of the screen, click on the yellow symbol for buying.

  • Choose the cryptocurrency you want to buy and enter the amount in your local currency.

  • Add the card as a payment method if you are using it for the first time.

  • Confirm all details and complete the purchase within 60 seconds.

After a successful transaction, you will receive a notification and the amount of Bitcoin will be displayed in your crypto wallet.

Is now the right time to invest?

Registering on the exchange and buying Bitcoin is really simple, but the decision of when and how much to invest is entirely up to you. Bitcoin still represents an opportunity for many, but like any investment - it carries certain risks. It’s important to research thoroughly and consider your own financial goals before making decisions.

If you register through our link, by clicking HERE, you receive a lifetime cashback of 20% on fees.