Binance is the most well-known and largest cryptocurrency exchange in the world.
Users can buy, store, sell and trade a variety of crypto currencies like Bitcoin, Ethereum and Binance Coin.
Binance was founded in 2017 by Changpeng Zhao.
It quickly became a top platform for trading cryptocurrencies, with tools for beginners and more advanced features for experienced traders.
How to Register on Binance to Create an Account?
It is easy to join Binance. This is a guide that will help you to get started.
- Go to the official Binance website: https://www.binance.com.
- Avoid phishing by only visiting the official website.
- The “Register” button is located in the upper right corner.
- Choose between your phone number and your email when registering.
- Enter your phone number or email and then create a secure password. Ensure the password you create is secure and unique.
- Binance requires that you complete the Know your Customer (KYC), for regulatory and security purposes.
- Upload your identification document (passport, driving license or national ID) and provide information about yourself.
- You will be given instructions on how to verify and upload your documents. The uploading process can take anywhere from a couple of minutes to several hours depending on how many requests are received.
- Binance recommends setting up two-factor authentication (2FA) to increase security. You will be required to enter your password as well as a second code generated either by Google Authenticator or sent to you via your mobile phone.
- To enable two-factor authentication, go to the security section on your account.
- After your account has been verified, you may begin adding money.
- Click on Deposit in the wallet section. Deposit fiat currencies (such as USD, EUR) or cryptocurrencies directly from your external wallet. You can choose your preferred method of payment and location.
- Binance accepts a variety of deposit options, including bank transfers, debit/credit cards and third-party payments in certain regions.
- You can now start trading, buying or selling cryptocurrencies after funding your account.
- To view the trading pairs, go to Markets and Trade.
- Binance provides different trading types (spot, margin, and futures) to suit different levels of experience. Binance Launchpad, staking and savings are also available as additional services.
Guide on How to Withdraw $CATS From Binance:
- Go to https://www.binance.com and log in with your credentials (email/phone and password). For added security, make sure Two Factor Authentication () is enabled.
- Hover over the “Wallet”. Select “Fiat & Spot” from the dropdown list (or “Funding Wallet”, if you have tokens).
- Click on “Withdrawal” in your Fiat Spot wallet. You will be taken to the withdrawals page.
- You will see two choices on the page for withdrawal: Fiat or crypto. Choose “Crypto” because you will be withdrawing tokens of $CATS.
- Search for $CATS in the ‘Coins” menu (assuming that it is supported by Binance and listed).
- It’s possible that Binance does not support the withdrawal of $CATS, or that it’s stored on a network or under another name.
- Open the external crypto wallet you wish to use for $CATS.
- The wallet addresses are copied from the wallet that is receiving the wallet.
- Copy the address and paste it into the “Address” box on the Binance withdrawal webpage.
- Select the network that is appropriate for your $CATS token. Make sure that the network selected matches your external wallet’s network (e.g. ERC-20 or BEP-20). The wrong network could result in the loss of money.
- You will need to specify how many $CATS ($CATS) you wish to withdraw. Binance will show any withdrawal fees associated with the transaction. Be aware of them before you confirm.
- Check all details including withdrawal addresses and network.
- Once you are confident that everything is correct, click “Submit”.
- Binance will ask you to verify your identity using two-factor authentication, or for other checks such as email confirmation.
- You can check the status of the withdrawal in your wallet’s “Transaction History” section.
- The speed of the blockchain and its traffic can affect how long it takes to withdraw funds.
Binance Key Features:
- Trading: Binance provides a wide range of cryptocurrency trading pairs. The users can trade the popular altcoins like Litecoin, Ethereum and Bitcoin.
- Fiat to Crypto and Crypto Assets to Crypto Assets: Binance allows you convert fiat currencies like USD, EUR or GBP into cryptocurrency or exchange one crypto asset with another.
- Binance Coin: Binance Coin is Binance’s native currency. Users can use it to lower transaction fees. BNB can also be used within Binance’s ecosystem for things like staking, and taking part in programs such as token sales.
- Binance has a reputation for having low fees. BNB holders and users can get discounts on the fees.
- Binance Margin Trading: For advanced traders, Binance provides futures trading as well as margin trading. This allows for higher potential returns, but at a greater risk.
- Binance launchpad: This platform allows users to take part in token sales. Binance Launchpad projects often attract a lot of attention and are liquid.
- Staking: Binance supports staking. Users can secure their cryptocurrency to help support the operations of the network and gain rewards with time.
- Security: Binance uses several security features to safeguard user assets, including Two-Factor Authentication (TFA), whitelisting of withdrawal addresses and cold storage.
- Binance App: Binance has a mobile application that makes it simple to monitor the markets and manage your investment portfolio while on-the-go.
- Educational Resource: Binance Academy provides a wealth educational content to those who are new to cryptocurrency. It helps users understand blockchain technology, trade strategies and much more.
