How to open and fund your Binance Account?

Opening your Crypto Exchange Account

There are many Crypto Exchange platforms out there. Here at Spiking, we use Binance as Binance supports a wide variety of coins, has low withdrawal fees and a high level of security.  

Step 1: Go to Binance’s website or click on this referral link

As a precaution, please examine the URL and look for the “Secure” Certificate to authenticate that this is the original site.

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Kindly ensure to bookmark the page, as there have been many cases of phishing sites that mirror the actual site.

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Alternatively, you can also scan the QR Code from the image below.

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Step 2: Complete the Sign-Up Process

Click on the “Register” tab in the top right-hand corner of the webpage and enter the necessary information. It’s good to have a long and arbitrary password to better secure your account. Enter a Referral ID ZR94SH2U then select Create Account.

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Verify yourself by sliding the button and moving the piece of the jigsaw to complete the puzzle. Click on “Register” to proceed and you’ll receive a confirmation email.

Step 3: Log into your Binance Account

In your confirmation email, you should receive a code that you will use to verify your account on the Binance Website. Type in your verification code.

Step 4: Enable 2FA on your Binance account

Click on Google Verification to enable 2FA on your Binance account, or you can choose SMS authentication to receive 2FA codes for your account.

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Install Google Authenticator app on your mobile device by downloading it from App Store or Google Play.

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Click the "PLUS" button at the corner to scan the QR code with the app and it will automatically be added to your app as you scan the QR code.

Step 5: Verify your Binance Identity

After opening your Binance account, you will have a daily withdrawal limit of 2 BTC and you cannot deposit money into Binance.

To increase your daily withdrawal limit to 100 BTC and deposit fiat currencies into your Binance account, you should verify your identity.

To verify your identity on Binance, please click the ”identification” tab on Binance as shown in the image below.

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On the ”basic info” page, you can verify your identity by clicking on the ”verify” button. You will need to provide your basic personal information, a photo of your ID and a selfie.

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After completing the identity verification, your daily withdrawal limit will be 100 BTC and you will be able to deposit fiat currencies to your Binance account.

The address verification is not necessary. But, you may need to complete it as well to increase deposit limits for some fiat currencies.

Step 6: Deposit into your Account

Move your mouse to Wallet, and click on Fiat and Spot.

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Click on Deposit

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Select the Crypto tab.

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Choose the cryptocurrency you would like to deposit.

Under the Deposit Network, select BEP2. Ensure to enter both the BTC Address and MEMO into your Spiking Settings to receive your coins. 

 

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You can update your settings on the Wealth Management System as shown below.

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Kindly contact Binance with any specific questions that were not addressed in this article. Unfortunately, Spiking does not represent Binance and will not be able to provide the support you may require.

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