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Key Takeaways

Binance is trusted by more than 200,000,000 users worldwide. Join our growing community by opening an account with Binance today. You can start investing or trading in minutes.

To start using Binance, create an account, verify your identity, and choose a payment method for purchasing cryptocurrencies.

Buying crypto on Binance can be done through various methods, such as credit/debit cards, bank transfers, or peer-to-peer transactions.

Remember to enhance your Binance account security by using strong passwords, enabling two-factor authentication, and setting up an anti-phishing code.

Introduction 

A Binance account acts as your gateway into the world of blockchain and Web3, and is the best place to start your crypto trading journey. This guide will teach you how to get started with the Binance exchange. The steps are simple. Open an account, verify your information, choose a payment method, and get your crypto assets.

How to Create a Binance Account

Before you can buy your first bitcoin or BNB, you’ll need to open an account.

1. Head to the Binance homepage and click [Sign Up] in the front page or top right corner.

2. Input your email address and choose a secure password. If you prefer, you can also sign up using your mobile number rather than email.

3. Type the 6-digit verification code you received via email or phone number and click [Next].

4. Create a strong password with at least 8 characters, 1 number, and 1 upper case letter. Don’t share it with anyone.

5. Once you’re verified, you should now be set up with your Binance account. You’re one step closer to buying cryptocurrency, so let's dive into making your first crypto purchase.

How to Buy Crypto on Binance

Before you can buy crypto on Binance, you have to complete the identity verification process known as Know Your Customer (KYC). KYC helps us make sure you are who you claim to be and fulfill our legal requirements.

When you are done with the identity verification, you will be able to buy crypto through different methods.

1. Credit/debit card: the most straightforward option for new users.

2. Deposit funds into your Fiat and Spot wallet: Transfer fiat currency from your bank account and use it on the exchange.

3. Binance P2P: Purchase crypto directly from other users with Binance’s peer-to-peer service.

Purchasing Crypto With a Credit or Debit Card

1. Hover over [Buy Crypto] from the top menu and select [Buy & Sell].

2. Next, select the fiat currency you will be paying with and the coin you wish to purchase. Press the [Add New Card] button to proceed and add your card information.

3. Input your card details and click [Confirm]. Note that you can only use a credit or debit card that is registered in your name.

4. Double check the order details. You can check the conversion rates and fees by clicking at the three dots […] button.

5. If you have read and agree to the Terms of Use and Privacy Policy, tick the checkbox. When ready, click [Confirm] to finish your payment.

6. Once the process is complete, your purchased crypto will be credited to your Binance Spot wallet. Usually, opening an account and getting to this stage can be done within 10 minutes.

How to Trade Crypto on Binance

At some point, you will likely want to start trading cryptocurrencies. If you’re not used to a traditional trading interface, we recommend using the Binance Convert feature. 

1. You can access it by hovering over [Trade] and selecting [Convert & Block Trade] from the Binance homepage.

With the Convert tool, you can pick the cryptocurrency pair you wish to trade using a simple interface. Fiat currencies are also available if you want to cash out or buy crypto with fiat. 

2. Select the coin you are exchanging in the top field and input the amount. Use the bottom field to select your desired cryptocurrency or fiat currency. Note that the default setting is [Market], meaning that you will get the current market price, also known as the spot price.

3. After confirming your selection and clicking [Preview Conversion], you’ll also see a summary of the trade you’ll make.

Once you’re happy with the preview, you can click [Convert] to confirm your order.

4. If you want to create a limit order instead, select the [Limit] option at the top menu. A limit order lets you buy or sell crypto at a specific price or better.

In this example, we are placing a limit order to trade our 50 USDT for the equivalent value in BNB when the price of BNB drops to 610 USDT.

Using the Binance Spot Trading Interface

1. Find the [Trade] menu at the top and click on [Spot].

2. Next, you will find the Binance Spot trading interface.

3. On the left side, you will see the order book:

Sell orders (asks) are in red.

Buy orders (bids) are in green.

4. At the center, you will find an interactive trading chart of the selected trading pair. In this example, BTC/USDT.

5. On the right side, there is a trading pair list, which contains all available trading pairs on Binance. Use the Search function to find specific trading pairs.

6. Below the trading chart is where you can create orders to buy and sell. If this is your first time, you will have to add funds to your Spot Wallet first.

7. For example, if you are using USDT to buy BTC, you need to first add USDT to your Spot Wallet. Click the [+] icon to fund your account and choose your preferred method.

How to buy BTC with USDT

1. To start, choose an order type. With a limit order you can set a specific price (not necessarily the current price). In contrast, a market order will try to execute your order as soon as possible at the current market price.

2. If you are using a limit order, define the amount and price and click [Buy BTC].

3. You should get a notification at the top right corner of your screen. You can track your open limit orders at the bottom of your trading interface.

4. If BTC reaches the order price you specified, your order will be filled.

How to sell BTC for USDT

The process of creating selling orders is almost the same. In this case, we will use a market order to illustrate how to sell your BTC for USDT.

1. Choose your order type, set the amount, and click [Sell BTC].

2. Because we are creating a market order, the selling order will be placed immediately, and if there is enough liquidity, it will be filled instantly at the best market price.

If you are still not sure about Spot trading or want more details on how to use the Binance Spot trading interface, please check out our Binance Spot Trading Guide.

Binance P2P

Alternatively, you can use the Binance peer-to-peer marketplace to buy and sell cryptocurrencies. Binance P2P is an industry-leading P2P platform that allows buyers and sellers to choose the best price, payment method, and trading partners, all secured by Binance's escrow service.

In this section, we will illustrate how to use Binance P2P via the Binance App. For more information and a detailed view of the Binance P2P on the Web version, please check What Is Binance P2P and How to Use It?

Using Binance P2P on the Binance App

1. Open the Binance App on your mobile device and tap on the [Trade] button.

2. Select P2P Trading from the available options at the top right corner.

3. Select your preferred currency and payment method. This allows you to find the most convenient and cost-effective way to add funds to your account.

4. Follow the on-screen instructions to complete your transaction. Make sure to confirm the details and verify the counterparty before proceeding.

For more information about Binance P2P and a guide on how to use it, please check out our Binance P2P Guide.

How to Secure Your Binance Account

Using a strong password and our security features will help keep your funds safe. Make sure to start with the following security steps.

Use a strong password and change it regularly

This one is self-explanatory, but you would be choked with the number of people that still use passwords that are simple and easy to remember. Your password should always contain uppercase and lowercase characters mixed with symbols and letters. And of course, make sure you keep it safe and do not share it with anyone.

Enable Two-Factor Authentication (2FA)

We strongly recommend you set your account up with Two-factor Authentication (2FA). This creates an extra layer of security, meaning that even if hackers compromise your password, they would need access to your physical 2FA device to log in.

The Google Authenticator app or SMS authentication are great places to start. Our Binance 2FA Guide can explain more about the process.

Enable the Binance Anti-Phishing Code

When you add an anti-phishing code to your Binance account, every email you get from Binance will have this code displayed at the top. You can manually define what code it can be from a series of letters or numbers.

This way, you can be sure that the message you are receiving is actually from Binance and not from a fake email address. In other words, it helps you prevent phishing attacks.

For more information on account security, please check out Secure Your Binance Account in 7 Simple Steps.

Closing Thoughts

Opening an account and making your first trades with Binance is a small introduction to the world of cryptocurrencies. There’s a lot more to it than just buying and selling on the exchange. If you’ve never seen a trading view before, it can all look confusing at first. Binance Academy is full of trading articles and guides that can help you get started with trading tools and even create your own trading strategies.

Further Reading

Your Guide to Binance Spot Trading

What Is Binance P2P and How to Use It?

Your Guide to Binance Copy Trading

Secure Your Binance Account in 7 Simple Steps

Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

Nillion, the pioneering Layer 1 blockchain project specializing in Blind Compute technology, has made a strong impact by becoming the 65th project on Binance Launchpool.
Binance allows users to stake BNB, FDUSD, and USDC to share 35 million NIL tokens from March 21 to March 24, before officially listing on Binance at 13:00 UTC on March 24.
What is Nillion Network?
Nillion Network is a layer 1 computing network built on the Cosmos SDK infrastructure. The project aims to address three main challenges in handling High Value Data (HVD): secure storage needs, ensuring computational security, and decentralized management.
The platform achieves these goals by leveraging privacy enhancing technologies (PETs), including Multi-Party Computation (MPC). PETs enable users to securely store high value information on Nillion Network's peer-to-peer network and perform computations on masked data, eliminating the need to decrypt data before processing and enhancing customer information security.
Developers are building dedicated tools for the Nillion ecosystem, including private predictive machine learning models and secure computation and storage solutions for medical data, transactions, and passwords.
On March 20, Nillion launched its mainnet, marking a transition from the testing phase to full-scale operation. This milestone includes the introduction of its native NIL token, designed to support payments, governance, and network security.
Previously, Nillion activated the NIL allocation checker, allowing the community to verify their airdrop rewards—an effort to ensure transparency and encourage participation. Additionally, the Nucleus Builder’s Program was introduced to foster ecosystem growth through innovative applications.
Nillion has also revealed plans to integrate with partner blockchains such as NEAR and Aptos, expanding secure computation capabilities across the crypto industry. These initiatives not only reinforce the vision of self-sovereign data but also demonstrate Nillion’s acceleration in leading the Web3 revolution.
Information about NIL token
👉Token name: Nillion Network
👉Symbol: NIL
👉Total supply: 1,000,000,000 NIL
👉Max supply: 1,000,000,000 NIL
🔥Token allocation
👉Ecosystem & R&D: 29%
👉Community: 20%
👉Protocol Development: 10%
👉Early Supporters: 21%
👉Core Contributors: 20%

NIL utility
NIL plays a central role in the security, governance, and long-term objectives of the Nillion network. Its core functions include:
🔥Coordination services: NIL is used for transactions, accessing network resources, and paying for usage fees across the network.
🔥Blind Computation: NIL facilitates secure storage and computation, protecting privacy for applications.
🔥Staking: Users can stake NIL to enhance security, validate computations, and earn rewards.
🔥Governance: NIL holders can participate in and vote on key network decisions.
Characteristics of Nillion Network
High Value Data (HVD)
High Value Data refers to data extremely crucial to organizations or individuals due to its significant impact on people's lives. HVD spans across various fields: from artificial intelligence to trading information (leverage and limit orders), identity, healthcare data, access control, decentralized social networks, passwords, and biometrics. These high value data sets are indispensable parts of societal infrastructure.
Nillion Network decentralizes high value data using cryptography, not only as a defensive strategy against threats but also as a proactive step towards new use cases and a fairer data ecosystem. This approach ensures that individuals can provide sensitive information in digital spaces without excessive concerns, guaranteeing privacy and convenience on the internet.
Multi-Party Computation (MPC)
Multi-Party Computation, or MPC, is a method of collaborative computation that addresses the privacy protection challenge while allowing parties to compute based on shared data without revealing the actual inputs of each party. Simply put, MPC supports computations without disclosing sensitive information, such as high value data or sensitive customer information.
MPC operates by using cryptographic algorithms and security protocols to ensure that original data remains confidential throughout the computation process. Instead of sending raw information over the network or unlocking data vaults, participating parties interact with encrypted segments. These computations are designed to yield desired results without disclosing any detailed information about the initial data.
MPC finds practical applications in various fields. For instance, in healthcare, organizations or personnel can analyze patient data from multiple sources without disclosing specific medical conditions or personal information. MPC is also utilized in auction activities where participants can submit proposals, financial bids, or items without revealing their identities to competitors. Therefore, MPC not only safeguards privacy but also opens up new opportunities for secure and fair information analysis and utilization.
Nillion's MPC Protocol
Nillion's MPC protocol extends Linear Secret-Sharing Schemes (LSSS) to enable non-linear operations. The protocol operates in two main phases:
Pre-processing: Generates and distributes shares (masks) for each factor and term using MPC techniques independent of input values, ensuring security for future computations.
Computation: Divided into input, evaluation, and output stages. Participants combine shares with inputs to create masked factors, perform computations on these multiplicatively homomorphic masked factors, and aggregate results safely.
Key features of Nillion's MPC Protocol include decentralized computation, efficient pre-processing based on input quantities, asynchronous computation without message exchange, and Information-Theoretic Security (ITS) to safeguard against unlimited computational efforts to steal customer data.
Operation mechanism
Nillion Network provides an optimal environment for developers to build decentralized applications capable of high-security data storage. The project employs the Nada programming language to define blind computation programs.
The platform adopts a decentralized storage model to distribute on-chain data, ensuring privacy and high-speed computation capabilities on fundamental data. Unlike many current blockchain projects, Nillion Network's network nodes do not need continuous communication for transactional information storage.
The platform's structure comprises three main layers:
👉Processing layer: Nodes deployed using the Nillion Node Development Kit (NDK) connect to form secure data processing clusters.
👉Coordination layer: A blockchain application environment supporting internal nodes, managing payments, and coordinating network resources.
👉Connectivity layer: Facilitates network integration with off-chain systems and diverse blockchains to expand access to computation and storage capabilities on the Nillion Network.
Roadmap
Phase 0
👉Testnet Genesis
👉Testnet Petnet
👉Verification Program
Phase 1
👉Mainnet Genesis
👉Blind Compute modules operational
👉Community Airdrop
Phase 2
👉Integration with partner chains
👉Blind Compute orchestration modules operational
👉Nucleus Cohorts active
Phase 3
👉Auditing and validation of general computation layer
👉Ecosystem exploration
Phase 4
👉Permissionless scaling
👉Enhanced decentralization
What Is Binance Launchpool?
Binance Launchpool is a staking-based token distribution platform that allows users to earn newly launched tokens by locking their existing assets. Unlike Binance Launchpad—where users have to commit BNB to purchase tokens—Launchpool enables participants to farm new assets passively.
The key difference between Launchpad and Launchpool is that no upfront purchase is required. Instead of buying tokens, users earn them by staking BNB, stablecoins, or other supported assets into liquidity pools. The more you stake, the more rewards you receive, making it a low-risk way to gain exposure to new projects.
How Binance Launchpool Works?
Participating in Binance Launchpool is straightforward, and unlike Launchpad, it offers greater flexibility when it comes to accessing funds. Here’s how it works:
👉Step 1: Staking Your Assets
Users can choose a project currently listed on Binance Launchpool.
Supported assets typically include BNB, stablecoins like FDUSD, or other tokens.
Users can allocate funds to a specific staking pool, committing their assets to farm new tokens.
👉Step 2: Earning Rewards
Once staked, users begin earning new tokens immediately, based on the amount they’ve locked.
Rewards are distributed proportionally—the more you stake, the more tokens you receive.
Farming periods usually last a few weeks, but users can claim their rewards daily.
👉Step 3: Claiming and Unstaking Assets
Users can withdraw earned tokens at any time, rather than waiting until the farming event ends.
If needed, participants can unstake their original assets anytime, giving them full control over their funds.
Once the farming period concludes, the newly acquired tokens are listed on Binance for trading.
Benefits of Binance Launchpool
Binance Launchpool offers several advantages that make it an appealing alternative to traditional token sales.
Earn New Tokens Without Direct Investment
Unlike Launchpad, where users purchase tokens, Launchpool allows users to farm new assets by simply staking their existing holdings.
Flexibility to Unstake Funds Anytime
Unlike many staking or farming platforms that lock assets for fixed periods, Launchpool offers full control over staked funds.
Users can unstake their assets at any time, allowing them to reallocate funds elsewhere if needed.
Fair Token Distribution Model
Tokens are distributed proportionally, ensuring that all participants receive a fair share based on their staked amount.
Access to Vetted Projects with Binance’s Backing
Just like Binance Launchpad, Launchpool only features projects that have been thoroughly vetted by Binance’s investment and listing teams.
This adds a layer of trust and legitimacy, reducing the risk of fraudulent or low-quality projects.
Global Exposure and Liquidity Post-Farming
Once the farming period ends, the tokens are listed on Binance, providing liquidity and multiple trading pairs.
This ensures that newly launched assets are available for trading without the delays often seen in smaller token launches.
How to Use Binance Launchpool
1. Ensure You Have a Binance Account & Supported Assets
To use Launchpool, you need a verified Binance account.
👉Make sure you have BNB, FDUSD, or other supported tokens in your Binance wallet, as these are typically required for staking.
Find an Active Launchpool Project - The current one is NILLION 🔥
Navigate to “Launchpool” from the Binance homepage.
Scroll down to the Launchpool section, where you’ll see active and upcoming farming opportunities.
Click on a project to view details such as farming period, rewards, supported tokens, and APY.
Choose a Staking Pool & Allocate Funds
Each project has multiple staking pools (e.g., BNB pool, stablecoin pool, or other token pools).
Select a pool and enter the amount of assets you want to stake.
Your funds will be locked for farming, but you can unstake them anytime if needed.
Earn & Claim Rewards
Once your assets are staked, you’ll start earning new tokens in real time.
Rewards are distributed proportionally based on the amount staked.
You can claim your rewards anytime, rather than waiting for the farming event to end.
Unstake & Withdraw Funds
Unlike many staking programs, Binance Launchpool offers full flexibility—you can unstake your funds at any time.
Once the farming period ends, your earned tokens and staked assets will be automatically credited to your Binance spot wallet.
🔥Farm NIL here ( still few hours to go ):🔥
https://launchpad.binance.com/en/launchpool/NIL_BNB
#BinanceLaunchpoolNIL