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How to Complete Identity Verification for a Personal Account?
More info Where can I get my personal account verified on the Binance website? You can access the identity verification from [Account] - [Identification], or click [Verify] / [Get verified] from the homepage banners. You can check your current verification level on the page, which determines the trading limit of your Binance account. To increase your limit, please complete the respective identity verification level.
Why do I need to complete identity verification?
To learn how to complete identity verification via Binance app, click to view the “App” tab on this page.
How to complete identity verification for a personal account on the Binance website? 1. Log in to your personal Binance account and mouseover the profile icon. Click [Account] and go to [Identification].
2. Click [Get Verified].
3. Select your country of residence.
4. Enter your personal information and click [Continue].
Please make sure that all the information entered is consistent with your ID documents. You won’t be able to change it once confirmed. 5. Next, you’ll need to verify your ID documents. You can take a photo with your phone camera, or upload photos. Choose an option and click [Continue].
6. You’ll need to complete a liveness check. Follow the instructions to take a video of yourself.
Note: Please enable camera access on your device. Do not wear hats, glasses, or use filters, and make sure that the lighting is sufficient. 7. Binance will review your data in a timely manner. Once your application has been verified, we will send you a notification. Do not refresh your browser during the process.
Centralized Exchanges (CEX) vs. Decentralized Exchanges (DEX)* Here are the key differences: Centralized Exchanges (CEX): 1. Control: Central authority manages transactions and user funds. 2. Security: Typically offer robust security measures, but users must trust the exchange. 3. Liquidity: Often have higher liquidity due to market makers and institutional investors. 4. User Experience: Generally more user-friendly, with intuitive interfaces. Decentralized Exchanges (DEX): 1. Decentralized Control: Transactions occur directly between users, without intermediaries. 2. Security: Users have full control over their funds, reducing risk of centralized hacks. 3. Liquidity: Can be lower due to fewer market makers, but liquidity pools help. 4. User Experience: Can be more complex, requiring technical knowledge. Key differences: 1. Trust: CEX requires trust in the central authority, while DEX emphasizes user control. 2. Security: DEX reduces risk of centralized hacks, but may introduce other risks. 3. Regulation: CEX often subject to stricter regulations, while DEX operates more freely. When choosing between CEX and DEX, consider your priorities: convenience, security, control, and liquidity. Let's dive deeper into CEX vs. DEX: Advantages of CEX: 1. Higher Liquidity: More buyers and sellers, making it easier to trade. 2. User-Friendly: Intuitive interfaces, suitable for beginners. 3. Advanced Features: Often offer margin trading, stop-loss orders, and more. Disadvantages of CEX: 1. Security Risks: Centralized control increases vulnerability to hacks. 2. Regulatory Risks: Subject to government regulations, potentially affecting user freedom. Advantages of DEX: 1. Enhanced Security: Users control their funds, reducing risk of centralized hacks. 2. Decentralized Nature: Operates independently, promoting user freedom. 3. Transparency: Transactions recorded on blockchain, ensuring transparency. Disadvantages of DEX: 1. Lower Liquidity: Fewer buyers and sellers, potentially leading to slower trades. 2. Complexity: May require technical knowledge, potentially overwhelming beginners. Examples: CEX: Binance, Coinbase DEX: Uniswap, SushiSwap When choosing between CEX and DEX, consider your priorities and risk tolerance.
To determine if your portfolio on Binance is profitable, you'll need to track the performance of your investments. Here are some key metrics to consider ¹ ²: - *Current Price*: Compare the current price of your assets to their purchase price. For example, Binance Coin (BNB) is currently trading at $685.85, with a 0.02% increase. - *Percent Change*: Monitor the percentage change in value over a given period. BNB's percent change is 0.02%, while Binance Staked SOL (BNSOL) has a -0.44% change. - *Market Capitalization*: Consider the market capitalization of your assets. BNB's market cap is $95.88 billion.
Some popular assets on Binance include: - *Binance Coin (BNB)*: Trading at $685.85 with a 0.02% increase - *Binance Staked SOL (BNSOL)*: Trading at $182.80 with a -0.44% decrease
To maximize profits on Binance, consider: - *Copy Expert Traders*: Binance allows users to copy expert traders' moves to potentially increase profits. - *Stay Updated*: Keep track of market trends, news, and analysis to make informed decisions.
The cryptocurrency market is experiencing a mix of growth and volatility. Bitcoin (BTC) is trading at $108,796.31 with a 0.01% increase. The market capitalization stands at $2.18 trillion.
*Key Trends:*
1. *Institutional Investment*: Growing interest from institutional investors is driving market growth. 2. *Regulatory Clarity*: Clearer regulations are expected to boost market confidence. 3. *Technological Advancements*: Improvements in scalability and security are enhancing crypto usability.
*Market Sentiment:*
The market sentiment is cautiously optimistic, with investors monitoring regulatory developments and market trends.
*Top Performers:*
Some top performers in the crypto market include:
1. *Solana (SOL)*: Showing promising growth with its fast transaction speeds. 2. *Polkadot (DOT)*: Gaining attention for its interoperability features.
*Outlook:*
The crypto market is expected to remain volatile, with potential opportunities for growth and innovation. Investors should stay informed and adapt to changing market conditions.
The market sentiment appears relatively stable, with a slight increase in price. However, cryptocurrency markets are known for their volatility, and prices can fluctuate rapidly.
*What's Next:*
Bitcoin's price movement can be influenced by various factors, including:
Trading in financial markets offers various strategies to suit different risk tolerances and goals. Here are some common trading types:
- *Day Trading*: Involves buying and selling assets within a single trading day, aiming to profit from short-term price fluctuations. - *Swing Trading*: Focuses on capturing short- to medium-term trends, holding positions for several days or weeks. - *Position Trading*: A long-term approach, holding positions for months or years, riding market trends. - *Scalping*: A high-frequency strategy, making multiple small trades to capitalize on tiny price movements.
Understanding these trading types can help you choose the best approach for your goals and risk tolerance. Stay informed, and refine your strategy to succeed in the markets.
Bitcoin Pizza Day: A Lesson in Early Adoption and Risk-Taking
May 22nd marks Bitcoin Pizza Day, commemorating the first real-world transaction using Bitcoin. In 2010, Laszlo Hanyecz paid 10,000 BTC for two Papa John's pizzas. This event highlights the early adoption and risk-taking that defined the cryptocurrency's journey.
*Early Adoption and Risk-Taking*
Hanyecz's transaction demonstrates the pioneering spirit of early adopters. They took a chance on an untested technology, paving the way for others. This risk-taking mentality is essential for innovation and growth.
*Crypto's Potential for Everyday Spending*
Bitcoin Pizza Day sparks discussions about cryptocurrency's potential in everyday transactions. As crypto adoption increases, we may see a shift towards more widespread use in daily spending. This could reshape the way we think about money and commerce.
*The Challenge of Bitcoin as a Medium of Exchange*
While Bitcoin has established itself as a store of value, its use as a medium of exchange remains limited. For Bitcoin to become a widely accepted form of payment, it will require further development, scalability, and user-friendly interfaces.
*A Thought Experiment: 10,000 BTC Today*
If someone had 10,000 BTC today, would they spend it? The answer depends on their financial goals, risk tolerance, and perspective on Bitcoin's value. This thought experiment encourages us to consider the potential implications of holding and using large amounts of cryptocurrency.
*Conclusion*
Bitcoin Pizza Day serves as a reminder of the early adopters who took risks and pushed the boundaries of what was possible. As cryptocurrency continues to evolve, it's essential to learn from the past and discuss the future of digital payments.
#LearnAndDiscuss s: Share your thoughts on Bitcoin's potential as a medium of exchange and the role of early adopters in shaping its journey.
#MarketPullback A market pullback refers to a decline in the market value of assets, such as cryptocurrencies, stocks, or commodities. During a pullback, prices may drop temporarily, but the long-term trend can remain intact.
*Causes of Market Pullbacks*
1. *Profit-taking*: Investors sell assets to lock in profits, leading to a price decline. 2. *Economic uncertainty*: Global economic events, regulatory changes, or market sentiment shifts can trigger a pullback. 3. *Overbought conditions*: Assets that have risen too quickly may experience a correction as investors rebalance their portfolios.
*Characteristics of Market Pullbacks*
1. *Temporary decline*: Pullbacks are typically short-term and may last from a few days to several weeks. 2. *Volume decrease*: Trading volume may decrease during a pullback as investors wait for the market to stabilize. 3. *Support levels*: Assets may find support at key levels, such as moving averages or trend lines, which can help stabilize prices.
*Opportunities During Market Pullbacks*
1. *Buying opportunities*: Pullbacks can create buying opportunities for investors looking to enter the market or add to their positions. 2. *Portfolio rebalancing*: Investors can rebalance their portfolios by buying assets that have declined in value.
*Risks During Market Pullbacks*
1. *Further decline*: Prices may continue to decline, leading to potential losses for investors. 2. *Market volatility*: Pullbacks can be accompanied by increased market volatility, making it challenging to predict price movements.
The current crypto market is experiencing a mix of growth and fluctuations. Here's a breakdown of the latest trends: Market Overview The total crypto market capitalization has reached $3.38 trillion, representing a 5.56% increase from last week. However, according to Kraken, the global cryptocurrency market cap today is $3.57 trillion, with a -3.26% change from 24 hours ago. This discrepancy highlights the market's volatility ¹ ². Top Performers Some of the top gainers in the crypto market include: - Covalent X Token (CXT): Up 51.77% to $0.0467 - Stader (SD): Up 40.36% to $0.7106 - Worldcoin (WLD): Up 12.62% to $1.43 - Artificial Superintelligence Alliance (FET): Up 7.79% to $0.8961 Major Cryptocurrencies Here's a snapshot of the top cryptocurrencies by market capitalization: - Bitcoin : $BTC 108,212.21, -2.34% in 24 hours - Ethereum $ETH : $2,538.41, -4.20% in 24 hours - Tether $USDT : $0.9985, -0.00% in 24 hours - XRP $XRP : $2.34, -3.60% in 24 hours Market Trends The crypto market is dominated by Bitcoin, which accounts for 58.92% of the market, followed by Ethereum at 8.39%. The 24-hour trading volume is around $149.86 billion, with a market capitalization of $3,672.57 billion ³. Key Insights The crypto market's volatility is driven by various factors, including market sentiment, regulatory developments, and technological advancements. Investors should stay informed and adapt to changing market conditions. Keep an eye on the market's top movers and shakers, as they can provide valuable insights into emerging trends and opportunities.
Binance is hosting a promotion for Space and Time ($SXT ), offering a 2,500,000 SXT prize pool. Here's what you need to know:
Promotion Details - *Promotion Period*: May 8, 2025, 13:15 UTC to May 15, 2025, 13:15 UTC - *Prize Pool*: 2,500,000 SXT in token vouchers, divided into two promotions: - *Promotion A*: 500,000 SXT for the first 50,000 eligible users who deposit and trade SXT - *Promotion B*: Up to 2,000,000 SXT for users participating in the trading volume tournament
How to Participate 1. *Register*: Click the "Join here" button on the promotion landing page 2. *Deposit*: Deposit at least 100$USDC equivalent in fresh funds via P2P, card, fiat, or crypto deposit 3. *Trade*: Trade at least 100 USDC equivalent of sxt on Binance Spot during the promotion period
Rewards - *Token Vouchers*: Distributed within 48 hours after task completion for Promotion A and by June 9, 2025, for Promotion B - *Expiration*: Token vouchers expire within 14 days after distribution
About Space and Time (SXT) - *Blockchain*: SXT Chain is a decentralized database that witnesses data from on-chain and off-chain sources, securing it with Proof of SQL, a ZK coprocessor - *Use Cases*: Enables smart contracts, AI agents, and on-chain applications to query data at scale and verify results with cryptographic proofs - *Backing*: SXT has secured funding from investors, including Microsoft, and has partnered with Chainlink
#RamadanGiveaway Binance is celebrating Ramadan with a special giveaway called the Ramadan Red Packet Giveaway. During this event, users can claim surprise crypto rewards through Binance Pay, with rewards of up to $300 available. The promotion runs from March 1, 2025, to March 31, 2025, and includes additional missions for users to earn more rewards, such as completing KYC verification, making trades, or participating in Binance Earn