Welcome to our [Newcomer Module Two: Security Practice Edition]!
After the theoretical learning in the first three lessons, you are no longer the ignorant novice in the crypto world. You already have a map in your mind, and now it’s time to build our first 'safe base' and 'wealth vault' in this new world!
In the crypto world, your first investment is not to buy a specific coin, but to choose a safe and reliable exchange.
An exchange is your 'bank + stock exchange' in the crypto world. Almost all your operations—buying currency with fiat, trading currency, storing assets—need to be done here.
Choosing a small, unknown bank may cause your money to disappear. Similarly, choosing an unreliable exchange is like building your wealth on quicksand.
Today, this lesson will be the most important and hands-on lesson of this series. I will guide you step by step through the entire process from registration to top-level security settings. Please focus and strictly follow the steps to lay the most solid foundation for your survival in the crypto world!
1. How to choose an exchange? Three golden rules ⚖️
There are hundreds of exchanges on the market, but for beginners, there is no need to be dazzled. You only need to remember three golden rules:
Look at reputation (user quantity): Choose top exchanges globally ranked, such as Binance, OKX, etc. They have a large user base and have stood the test of time and the market.
Look at depth (large trading volume): Top exchanges have many buy and sell orders, meaning there will always be someone to sell when you want to buy and someone to buy when you want to sell, avoiding embarrassing situations where transactions cannot be completed.
Look at security (strong risk control): They invest heavily in cybersecurity and risk control and have the capability to respond to hacker attacks, typically having investor protection funds.
In summary: For beginners, 'going with the flow' is the safest choice. Do not engage with any small platforms recommended by friends that you have never heard of!
2. Ultimate practice: Build your security vault in three steps 🏦
Next, please prepare your email and identification documents as we will take Binance, the world's largest exchange, as an example to complete the registration and setup step by step.
Step one: Register an account (click the secure link below)
To ensure you are accessing the official website and not a fake phishing site, please use the official secure link below to register.
➡️ Click here to register a Binance account through the official secure channel
(Official benefit reminder: By registering through this exclusive link, you will permanently receive fee discounts on your subsequent transactions. This is a benefit given to promotional partners to help you save real money!)
After entering the page:
Enter your email or phone number, then click next (email is recommended).
Binance will send a verification code to your email (or phone). The code is valid for 30 minutes; enter the code and click next.
Go to the password setup page; the password must be at least 8 characters long, containing uppercase letters and numbers. After setting it, click next.
Registration successful and you will receive a commission. If you register from the Binance main site or APP, the system will not automatically fill in the referral code, please manually enter F1JFYHUU to get a maximum of 20% fee discount (holding BNB will automatically upgrade to greater discounts).
Step two: Complete identity verification (KYC)
After successful registration, the platform will prompt you for identity verification, which is KYC (Know Your Customer).
Why KYC? This is to comply with financial regulations in various countries to prevent money laundering and other illegal activities. More importantly, it ensures your account's security; if there is a problem with your account, only you can retrieve it through your identity information.
Operation process:
Find the 'Identity Verification' entry on the APP or web interface.
Choose your nationality.
Fill in your name, birthday, and other basic information as required.
Choose the type of identification you will use (ID card, passport, etc.).
Use your phone to take and upload photos of the front and back of the documents.
Complete the facial recognition verification.
After submission, the review usually takes a few minutes to a few hours to pass.
Step three: [Must do! Mandatory requirement!] Bind Google Authenticator (2FA)
If the password is the first door to your vault, then Google Authenticator (2FA) is the second and the strongest anti-theft door!
What is 2FA? It is a mobile app that generates a unique 6-digit dynamic password every 30 seconds. Even if a hacker steals your login password, without this dynamic password, they absolutely cannot access your account!
This is a must-do task for all beginners; it is not a multiple-choice question!
Operation process:
Search and download the 'Google Authenticator' app from your mobile app store.
In the Binance APP, go to 'Account Security', find the 'Authenticator App' or '2FA' option, and click to enable.
Binance will display a QR code and a string of [keys].
Open your Google Authenticator App, click the '+' sign at the bottom right, select 'Scan QR Code', and align it with the QR code on the Binance page.
[The most important step!] Before the binding is successful, immediately write down the string of [keys] displayed on the Binance page word for word! Lock it together with your most important documents (such as your household registration book or property certificate). This is the only way to recover your Google Authenticator if your phone is lost in the future! Do not take screenshots or save it on any connected devices!
On the Binance page, enter your login password, email verification code, and the 6-digit dynamic password displayed on the Google Authenticator, and complete the binding.
📖 Summary:
Today, we have built our own 'security vault' in the crypto world, completed exchange registration, identity verification, and installed the strongest anti-theft door—Google Authenticator (2FA).
✅ Must-do tasks:
Today's task is only one, but it is extremely important: Strictly follow the three steps in this article to complete your own exchange account registration and security settings. Please be sure to complete step three to take responsibility for your assets!
🚀 Next lesson preview:
The vault is built; it's time to fill it with your first 'gold'! In the next lesson, we will proceed with the most exciting operation: (Completing your first investment: A step-by-step guide to purchasing USDT with fiat currency). I will guide you through the last mile from the real world to the crypto world!
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