Binance stands as one of the world's most popular cryptocurrency exchanges, offering ultra-low trading fees of just 0.1%. This guide walks you through creating a Binance account to trade Bitcoin and hundreds of altcoins—plus how to maximize fee discounts.
Why Choose Binance?
- Low Fees: 0.1% base trading fee
- Wide Selection: Trade 500+ cryptocurrencies
- Leverage Trading: Up to 125x on Binance Futures
- Fee Discounts: Save up to 45% (20% referral discount + 25% BNB bonus)
Step-by-Step Account Creation
Step 1: Registration
- Visit the Binance registration page (👉 Exclusive fee discount link).
Click "Register with Phone/Email" and enter:
- Email or mobile number
- Secure password (8+ characters with uppercase letters and numbers)
- Agree to terms and click "Create Personal Account".
Pro Tip: Businesses can open corporate accounts for fiat deposits via bank transfers.
Step 2: Email Verification
- Check your inbox for a confirmation code.
- Enter the code to activate your account.
Step 3: Enable 2FA (Critical for Security)
- Navigate to Security Settings.
- Choose Google Authenticator or SMS verification.
- Scan the QR code via the Google Authenticator app (download from App Store/Google Play).
- Backup your recovery key in case of device loss.
Maximizing Fee Discounts
Discount #1: 20% Referral Savings
- Use the registration link to automatically apply the discount.
Discount #2: Extra 25% with BNB
- Hold Binance Coin (BNB) in your wallet.
- Enable "Pay Fees with BNB" in your dashboard.
- Enjoy 0.06% fees (vs. standard 0.1%).
⚠️ If BNB runs out, the discount stops—top up regularly.
Identity Verification (KYC)
| Verification Level | Daily Withdrawal Limit | Features Unlocked |
|--------------------|------------------------|-------------------|
| Basic | 2 BTC | Crypto trading only |
| Intermediate | 100 BTC | Fiat deposits & higher limits |
How to Verify:
- Go to "Identity Verification" under Account Settings.
Submit:
- Personal details
- Government-issued ID photo
- Live selfie
Funding Your Account
Deposit Options
- Cryptocurrency: Transfer from another exchange/wallet.
- Fiat Currency: USD, EUR, GBP via bank transfer/card (higher fees).
👉 Best practices for low-cost deposits
Trading Strategies
Building a Crypto Portfolio
Example allocation with decentralized exchange (DEX) tokens:
| Token | Use Case |
|-------|----------|
| UNI | Uniswap governance |
| BNT | Bancor liquidity protocol |
| KNC | Kyber Network swaps |
Track Performance: Use tools like CoinMarketCap Portfolio or CryptoCompare.
FAQ
1. Is Binance safe?
Yes, with 2FA and cold storage for funds. Always enable security features.
2. Can I trade without KYC?
Only crypto-to-crypto trades; fiat deposits require verification.
3. How do I reduce fees further?
- Trade ≥1M BUSD volume monthly (0.09% maker fee).
- Hold ≥25 BNB for tiered discounts.
4. What’s the minimum deposit?
No minimum for crypto; fiat deposits vary by payment method.
5. Can I use Binance in the US?
US residents must use Binance.US (separate platform).
Final Tips
- Secure your account: Never share 2FA codes.
- Start small: Test strategies with minimal funds.
- Diversify: Spread investments across asset types.
Ready to trade? Get started with Binance today and claim your 45% fee discount!