For this reason, Binance stores a large percentage of user funds on cold wallets. You wouldn’t want to wake up one morning and find out that your entire crypto savings have been stolen by hackers. Is Binance Safe?īinance has put in place a number of checks to ensure that user funds are safe. Now that you have created your account, I’ll teach you how to secure it. Use this Binance referral ID W7G64EBZ to enjoy 20% commission money back.Your password should be a combination of upper and lowercase letters, numbers, and special characters.Ensure you use a secure email when creating your new Binance account.Verify your email or mobile number by entering the six-digit code that was sent to you.Ĭongratulations! You now have your own Binance account. Once this is done, an email or text message will be sent to you, depending on the option you choose earlier. Prove that you are not a robot by completing a simple puzzle.ĥ. Input your email address or phone number and password, and then agreed to Binance’s Terms of Service. There is also an option to use your mobile number.ģ. You will be redirected to a page where you will need to enter your email address and create a password. Head over to the Binance website and click on “Register” from the dashboard.Ģ.Follow the simple instructions below to open an account. It’s a no-brainer that before you start trading on Binance, you must have created an account with the exchange. Before Binance, there were other exchanges such as Kraken, Gemini, and even Coinbase.Ĭoinbase was founded in June 2012 and claims to have more than 35 million users worldwide. The company has since expanded its offering to include many products, including Binance Academy, Charity, Cloud, DEX, and Launchpad, just to mention a few.Īs I said earlier, Binance is not the first exchange, neither is it the last. Surprisingly, although Binance was not the first exchange, it became the world’s largest cryptocurrency exchange by trading volume in less than eight months after going live. Sadly, many of them turned out to the scams. ![]() ICOs are quite similar to Initial Product Offerings (IPOs). Binance sold 100 million pre-created BNB tokens during the ICO.įun fact: An initial coin offering, otherwise known as an ICO, is a quick and easy way for crypto-based businesses to raise funds without having to deal with regulatory hurdles. Following a $15 million ICO fundraising round that lasted for just 20 days, Binance launched in July 2017. In 2017, they decided to build their own crypto exchange. What is Binance and when was Binance founded?īinance is the brainchild of Changpeng Zhao and Yi He. ![]() That being said, let’s quickly run through the history of Binance. From how to sign up to how to secure your account, trade, the trading fees associated with the exchange, and of course some comparison with other exchanges.īe rest assured, by the time you are done with this ultimate guide, you’ll know all about how to use Binance. In this tutorial, I’ll teach you all you need to know about how to use Binance exchange. I bet the next questions in your mind are how to buy digital assets, the best exchange to use, and how to trade. As such, Binance Launchpad represents a crucial access point for those looking to explore emerging projects in the crypto space.So, you have finally made up your mind to invest in cryptocurrencies. Investors are granted access to early-stage projects with potential for substantial growth, benefiting from the comprehensive multi-chain support that the Binance Smart Chain offers. The platform has facilitated the launch of numerous projects, which have significantly contributed to the DeFi market and the wider crypto ecosystem. ![]() This rigorous process aims to provide a safeguard for both project teams and users, bringing forward only the most reliable projects. The platform carefully selects projects after meticulous evaluation of their applications and supportive documentation, ensuring only high-quality projects make the cut. Binance Launchpad serves as a unique platform for the launch of transformative blockchain projects, distinguishing itself by initiating the concept of Initial Exchange Offering (IEO).
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