Crypto has continuously achieved widespread reach. The cryptocurrency industry saw a remarkable acceleration last year in 2021.
Massive amounts of money are thrown into the market every day. New cryptocurrencies emerged when NFTs also came into play.
Despite the volatility of digital assets, many people still believe in the future, technology and innovation of cryptocurrencies.
Fortunately, we now have a plethora of apps and software available for us to use when we want to go into space.
An example of a platform that is widely used by many is the trading and investment software, Binance.
Binance grew out of a combination of the words bitcoin and finance.
According to Investopedia, Binance is a digital asset trading platform that can be easily accessed over the internet. It supports most of the cryptocurrencies that are actively traded. Also, it works as a cryptocurrency wallet where merchants can store their crypto assets.
In addition, the exchange provides users with complementary services that allow them to earn interest or conduct business using bitcoins.
Binance exchange is best known for its cryptocurrency trading, but it also features some of the lowest transaction costs of any cryptocurrency exchange.
What you need for your account
Biannace has a unique way of approving the registration of new users on their platform. The company asks for a series of requirements for you to confirm your identity, and this would require a few identifications.
Additionally, you will need to complete the verification stage, also known as the KYC (know your customer) stage, to finish the registration process for your Binance account.
Binance requires different proofs of identity and other documents depending on the location of the user and the type of account they have.
On the other hand, if you live in the United States, you can go through the Binance Know Your Customer check using any of the following documents:
How to create a Binance account on desktop
According to the recommendation of MUOHere’s how to create a Binance account on your desktop:
Launch your preferred web browser and navigate to the Binance website. Click on the “Sign Up” link that appears in the upper right corner of the screen.
Choose to register, then choose whether you want by email or by phone.
Binance would detect your country. However, if it is not, select your country or area of residence. Then select “Confirm”.
Select “Create Personal Account” from the dropdown menu. In the spaces provided, enter your email address and password. You can then select Yes or No to receive updates from Binance or not. Then you need to click on the Next button.
After that, Binance will send a verification code to your email. Simply copy and enter the code for your account to be activated.
Then enter your phone number on the screen and another verification code will also be provided to you via SMS. Then click Submit.
Finally, you will see “Verify Now” at the bottom of the page.
After clicking Verify Now, you will proceed to the KYC process.
Complete Binance KYC on the web app on desktop
Here are the next steps expected in the Binance KYC phase:
You will first be provided with a form to complete. Once done, select Continue.
Next, enter your current address, again select Continue Later.
Afterwards, you will be shown some options of the IDs considered valid on the platform, click on your choice and then press Continue.
Binance will ask you to provide your ID. To verify identification, click Continue. If you are successful, Binance will take you to the next part of the process.
The next part would be a facial verification. It is not recommended to wear a hat or glasses. Avoid camera filters and make sure the background isn’t boring.
There will be further instructions on the screen during this process. It is recommended that you follow it to have a better chance that your account will be approved.
Lastly, once approved after face verification, Binance immediately displays a success page.
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