Registering and starting to trade on Binance is not as simple as it seems. At first, I thought it would just be filling in my email and setting a password, but in reality, the process is much more complex.
Especially when the Travel Rule has been implemented in Korea, it has become necessary to undergo identity verification to use trading platforms both domestically and internationally without issues.
At first, this step seemed quite complicated because it required ID verification, face recognition, and also setting up two-step verification, which made it a bit cumbersome.
However, Binance is a platform that prioritizes the safety of its members first. Therefore, going through all these steps has become an important shield for protecting my assets.
During the ID verification process, I was once denied due to reflection or image resolution issues. Since this was my first experience with such an event, I felt a bit confused, but later I understood that verifying through a desktop computer was much easier. On a large screen, I could manage calmly and finish quickly and accurately.
Knowing these little tips in advance helps make the registration process much faster and smoother.
After completing the application process, I was able to actually start trading. Binance offers various trading modes such as Spot, Futures, and Margin. For beginners, spot trading may be the most suitable.
I started by trading spot Bitcoin. I learned the concepts of Market Order and Limit Order, which helped me understand the basics of trading.
Market Orders are executed immediately at the current market price, while Limit Orders allow me to set the desired price and wait for execution. Using Limit Orders enables me to trade under my own conditions and have a more planned approach.
When I started trading on Binance, I also learned how to reduce fees. By simply entering a referral code, I can receive a trading fee discount of up to 20%. Not utilizing this privilege is quite regrettable.
The lower the fees, the higher the liquidity of the assets, and the more frequent the trading, the greater the benefits. Utilizing this small right helps save trading and investment costs more efficiently. Therefore, I recommend you sign up through the link below to get this discount.
🚩 Get a 20% fee discount on Binance
Existing users with accounts can also receive a 20% discount if they meet the following 5 conditions.
The invitee already has a registered account on Binance.
The invitee has never accepted an invitation before.
The invitee's account has not made any transactions or used any products on Binance in the past 180 days.
When the invited person with the right to open the link and log in, a confirmation window will appear.
When the inviter clicks [Link Now], the link will take effect immediately.
Binance also has a function called Staking, which means depositing a certain amount of coins to earn interest. It is a lower-risk way to still generate steady income.
For example, I staked BNB coins and received consistent returns. Although other platforms offer similar services, the conditions and return rates for staking on Binance are highly competitive, which is particularly beneficial for my long-term holding plan.
But all this does not end with trading alone. With learning content from Binance Academy, I study more every day and gain new knowledge. Binance Academy has comprehensive teaching materials ranging from basics to advanced strategies, making it easily accessible for beginners.
At first, I thought cryptocurrency was too complicated and I didn't understand the market at all. But as I continued to learn, I started to gain more confidence. I realized that investing in crypto should be viewed in the long term rather than expecting short-term results.
When trading, information plays a very important role. Data becomes a valuable tool, helping me not miss the right moments to enter and exit the market.
As a result, I can track market trends in real-time and trade at the right moments. Fully utilizing alerts allows me to build a solid foundation for more strategic investments.
I also do not neglect the security alerts provided by Binance. If there is an attempt to log in from a strange IP, I will receive a notification, allowing me to protect my account immediately.
In addition, I set up IP login restrictions to enhance account security in case of issues. These small security settings can prevent significant risks.
I've learned that small behaviors in daily life can make a significant difference, and for this reason, I prioritize security management as much as investing.
Investing in cryptocurrency, especially on a global platform like Binance, means more than just seeking profits. It is a process of learning how to manage financial assets and mitigate risks.
What once seemed difficult at first gradually became beneficial in developing my own investment strategy, and now I feel more confident every time I trade.