Helllo,
Recently, Bitcoin's movement has been quite good.
i hope the crypto bull market will return soon!
Today, I'd like to take some time to go over everything form signing up for Binance to the
deposit and withdrwal process.
The table of contents is as follows
Table of Contents
1. Introduction to the Exchange
2. How to Register on Binance
3. Deposit
4. Withdrawal
1. Introduction to the Exchange
Before signing up for Binance,
let's first go over a brief Introduction to the exchange
As you can see, Binance frequently lists new coins, which is incomparable to exchanges like Upbit or Bithumb, which are considered more established.
And, as is obvious, newly launched coins tend to have high liquidity.
This is because they have both high expectations and a low market capitalization.
Additionally, there is an event called the "Launchpool."
To put it simply, you can deposit FDUSD or BNB and receive cryptocurrency airdrops.
If you throw it right after the box like this, it can be quite profitable.
If any of the readers didn’t know about this as crypto enthusiasts, just understanding the concept for now as "Oh, so this is what it is" is fine.
Later on, as you use Binance, you'll naturally come to understand it.
In addition, there is the EARN feature.
In fact, this is the simplest and most beneficial option.
You can deposit cryptocurrency and earn interest.
For example, with USDT, the interest rate is as high as 4.85%.
In other words, if you store Tether, you can earn the specified annual interest rate.
It’s essentially the same as a foreign exchange savings account...!
Plus, cryptocurrencies aren't taxed yet.
So, it's beneficial in many ways...
2. How to Register on Binance
I believe we've covered enough about the exchange.
Now, let's take a look at how to register on Binance.
https://accounts.binance.com/en/register?ref=XHBD5DJU
First, you need to create an account.
Enter your email address or phone number.
Then, as shown above, a field to enter the verification code will appear.
You just need to enter the 6-digit code.
Next, you need to create a password.
Make sure it includes at least one number and one uppercase letter, and create a password that is between 8 and 128 characters long.
After that, you will proceed directly to the KYC (Know Your Customer) verification stage.
Tap the yellow Verify menu.
As you can see, it asks you to install the app.
Unfortunately, you'll need to download it and log in again.
(We're almost done...!) Now, select Verify Identity.
Next, you will need to select your nationality first.
As shown in the form above, please make sure to submit your 'full name' in English.
Since the spelling needs to be accurate,
please take out your passport and make sure to enter it correctly.
Next is your date of birth.
This one is so simple that there’s nothing much to explain...
Now, it's your home address.
Please enter the address exactly as it appears on your resident registration card.
Just a note: Postal Code refers to your postal code!
This is the final step.
You need to choose an ID document.
Select one of the following: driver’s license, resident registration card, or passport, and then tap Continue.
Here, you should check the Take Picture With Phone menu.
Finally, once you complete the face recognition along with taking pictures of the front and back of your ID, the KYC process will be complete.
It wasn't too difficult, right? Hehe.
3. Deposit
Before finishing the post, let's briefly go over Binance deposits and withdrawals.
Once you enter the Binance main screen, tap Add Funds in the top right corner.
Next, select Deposit Crypto, which is the menu at the bottom.
Here, select USDT under the Trending section.
Tether is more convenient for deposits and withdrawals.
For USDT, if you set the network to TRC20, you will receive a deposit address as shown above.
Copy this address...
When withdrawing from exchanges like Bithumb or Upbit, paste the address here.
Then, you will be able to transfer cryptocurrency from the domestic exchange to Binance.
4. Withdrawal
Now, let's finally go through the withdrawal process.
Tap Wallets in the bottom right corner, then select the Withdraw menu.
Next, please select the cryptocurrency that you wish to send.
At this point, you will see two options as shown above, but always choose Send via Crypto Network!
Finally, you need to set the address and network.
This is...
You can check this through the deposit function of the domestic exchange.
For BNB, the network is BNB Smart Chain.
We’ve gone through everything from how to sign up for Binance to deposits and withdrawals in detail.
That concludes the post.
Thank you!