Registering on Binance requires using an IP address that is not from mainland China, the US, or Singapore, and then use a passport from mainland China for authentication along with facial recognition to activate all account features.
For beginners, registering a Binance account is the first step into the world of cryptocurrency trading. However, due to regulatory restrictions in mainland China, registering a Binance exchange account must comply with relevant regulations and use appropriate technical means to access the trading platform.
In the following article, we will provide some background information about the features and advantages of Binance exchange, as well as the matters and risks to pay attention to when registering a Binance account. We hope to help users in mainland China better understand and participate in cryptocurrency trading, while also protecting their assets and privacy.
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Binance Registration Process
Preparation Work
Before registering a Binance exchange account, some preparatory work needs to be done to ensure smooth access and use of the trading platform. Here are some common preparatory tasks:
Download and install scientific internet access software: Due to the inability to directly access Binance exchange in mainland China, technical means must be used to bypass the block and access the Binance official website and trading platform. When using a VPN (scientific internet access tool), please choose non-US and non-Singapore nodes (IP).
Prepare valid identification documents: In mainland China, cryptocurrency trading must undergo real-name verification, requiring the provision of valid identification documents. Typically, an ID card or passport can be used for verification. Note that the identification documents must be authentic and valid, and consistent with the registration information.
Prepare the information required for registration: When registering a Binance exchange account, you need to provide some basic personal information, such as email address, login password, etc. Additionally, you need to complete verification code verification and other steps to ensure the authenticity and validity of the registration information.
Registration Steps
After completing the preparatory work, you can start registering a Binance exchange account. Here are the detailed registration steps:
1. Binance invitation link https://www.binance.com/join?ref=GQTRR5QP, using referral code GQTRR5QP will allow you to see 'Enjoy a 20% discount on trading.'
2. On the pop-up registration page, enter your email address and set a password. Please note that the password must contain uppercase letters, lowercase letters, numbers, and special characters, and must be between 8 to 20 characters in length.
3. After entering the information, click the 'Next' button to go to the verification code page. Enter the correct verification code and then click the 'Submit' button.
4. After completing the verification code verification, the system will send a confirmation email to your email address. Log in to your email and click the confirmation link to confirm your registration.
5. After successful registration, identity verification will soon be conducted. For mainland users, select 'China' during the KYC process and authenticate with a domestic ID card. In mainland China, it is necessary to upload identification documents and other materials for real-name verification.
6. Security settings: Two-factor authentication (2FA). Binance provides the Binance Authenticator and Google Authenticator, and it is recommended to use the Binance Authenticator.
After completing identity verification, you can start trading on Binance exchange.
What is the process for buying cryptocurrencies on Binance?
The process of purchasing digital currency on Binance exchange is very simple. Here are the specific steps:
In the Binance app, make sure to switch the currency from USD to CNY, otherwise you won't find a payment method in RMB.
After completing identity verification, go to the homepage of Binance exchange and select the 'C2C Trading' or 'Quick Buy' function.
If you choose C2C trading, select the cryptocurrency you want to purchase on the trading page and enter the purchase amount. Then, choose a suitable merchant and transfer funds according to their provided payment method and account information. Common payment methods include Alipay, WeChat, bank cards, etc. It is important not to include any notes during the transfer to avoid affecting the transaction.
After completing the transfer, click 'Paid' and wait for the merchant to confirm the receipt and transfer the corresponding digital currency to your Binance account.
If you choose the quick buy function, select the cryptocurrency you want to purchase on the buy page and enter the purchase amount. Then, select a suitable payment method. Supported payment methods include bank cards, Alipay, WeChat, etc. Choose as needed.
Enter payment information, confirm order information and payment amount. If necessary, enter the transaction password or perform identity verification to confirm the transaction.
After completing the payment, Binance exchange will automatically transfer the corresponding digital currency to your account.