New to Binance and not sure where to start? This article walks you through the essential steps. First, Register on Binance to create your account, then Download Binance APP to your phone and follow these steps in order.
Step 1: Complete Identity Verification
After registering, complete your KYC verification right away. Have your ID ready, take photos, and do the facial recognition. Unverified accounts have limited functionality and can't use C2C trading or make withdrawals.
How to do it: Open the app > Tap your profile icon > Identity Verification > Select document type > Photograph the front and back of your ID > Complete facial recognition. The process takes about 5–10 minutes, and review typically ranges from a few minutes to 24 hours. Take photos in good lighting with all four corners visible and all text legible to speed up the review. If rejected, check whether photos were blurry or had glare, and resubmit.
Step 2: Security Setup
In the "Security Center," complete the following:
- Link Google Authenticator — download the Google Authenticator app and scan the QR code provided by Binance
- Set up an anti-phishing code — choose a custom phrase that will appear in all official Binance emails
- Link your phone number and email — ensure you have multiple verification methods
These three steps are the foundation of account security — don't skip them. Many beginners rush to buy crypto and neglect security, only to regret it when problems arise. Most importantly, after setting up Google Authenticator, write down the backup key on paper and keep it somewhere safe.
Step 3: Deposit Funds
The simplest deposit method for new users is C2C trading. On the app homepage, tap "Buy Crypto" and select C2C to purchase USDT (Tether) from merchants using your local currency. USDT is the "dollar" of the crypto world and can be used to buy other tokens.
C2C trading works like online shopping: choose a merchant > place an order > pay via Alipay, WeChat, or bank transfer > the merchant confirms and the crypto is released to your account. When choosing merchants, look for verified ones and check their transaction volume and completion rate.
For your first deposit, don't invest too much — start with a small amount (say, 100–500 RMB) to familiarize yourself with the process. Once you're comfortable, increase the amount as needed. Never include any crypto-related terms in transfer memos.
Step 4: Learn About the Market
Don't rush into trading. Spend time understanding:
- What Bitcoin and Ethereum are — they're the cornerstones of the crypto market
- How to read candlestick charts — learn about open, close, high, and low prices
- Basic concepts like market cap and trading volume — higher market cap tokens generally carry lower risk
- The difference between spot and futures trading — crucial knowledge for beginners
Binance Academy offers extensive free learning resources covering blockchain basics, trading fundamentals, and security knowledge. Spend a day or two reading the key articles to build a solid foundation.
Step 5: Make Your First Small Spot Trade
Start with spot trading — use USDT to buy a small amount of BTC or ETH. Steps: Tap "Trade" > "Spot" > Search "BTC/USDT" > Select "Market Order" > Enter amount > Tap "Buy."
As a beginner, stay away from futures and margin trading. These high-risk products require sufficient experience. Many newcomers are lured by high leverage only to suffer major losses without understanding the risks. Spot trading is the safest way to start — when you buy BTC, you actually own BTC, and even if the price drops, you won't be forcibly liquidated.
After buying, don't stare at the charts all day. Set price alerts so you'll be notified when prices reach levels you care about.
Step 6: Learn and Grow
After completing the first five steps, you're a functional Binance user. Next, you can gradually dive deeper:
- Learn about different tokens' project backgrounds and technical features
- Study basic technical analysis methods
- Explore Binance's earning features like auto-invest and flexible savings
- Follow industry news and market trends
Important Reminders
- Only invest money you can afford to lose — the crypto market is extremely volatile, so prepare for the worst
- Don't chase pumps or panic-sell during dips — create a trading plan and stick to it
- Diversify your investments — don't put everything into one token
- Holding long-term is usually better for beginners than frequent trading — frequent trading burns through fees and leads to emotional decision-making
- Don't blindly trust investment advice, especially "insider tips" from social media
- Keep records — document the reasoning and outcome of every trade to improve your skills over time