How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners

How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners


How to Register at Binance


How to Register with Mobile Number

1. Go to Binance.com and click [Register].
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
2. Click [Mobile] and enter the mobile number and password for your account, and the Referral ID (if any). Read and agree to the Terms of Use and click [Create Account].
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Note:
  • For account safety, the password should consist of at least 8 characters, including 1 uppercase character and 1 number.
  • If you’ve been referred to register on Binance by a friend, make sure to fill in the Referral ID (optional).

3. Complete the Security Verification.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
4. The system will send an SMS verification code to your mobile phone. Please enter the 6-digit verification code within 30 minutes. If you can’t receive it, click [Resend], or click [Please try voice verification] to use voice verification instead.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
5. Congratulations, you have successfully registered on Binance.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
6. To enhance your account security, click [Go to Dashboard] to enable two-factor authentication (2FA), including phone verification and Google verification.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners

How to Register by Email

1. Go to Binance.com and click [Register].
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
2. On the registration page, enter your email address, create a password for your account, and enter the Referral ID (if any). Then, read and agree to the Terms of Service and click [Create Account].
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Note:
  • Your password must be a combination of numbers and letters. It should contain at least 8 characters, one UPPER CASE letter, and one number.
  • If you’ve been referred to register on Binance by a friend, make sure to fill in the Referral ID (optional).

3. Complete the Security Verification.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
4. The system will send a verification code to your email. Please enter the verification code within 30 minutes. If you can’t find the email in your inbox, please check your other mail folders as well, or click [Resend Email] to resend.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
5. Congratulations, you have successfully registered on Binance.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
6. To enhance your account security, click [Go to Dashboard] to enable two-factor authentication (2FA), including phone verification and Google verification.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners

How to Register on Binance App

1. Open the Binance App and tap [Log In/Register].
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
2. Tap [Register]. Enter the email address and password you’ll use for your account, and the Referral ID (if any). Check the box next to [I Understand Binance’s Terms of Use] and tap [-].
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners

Note:
  • Your password must contain at least 8 characters, including one uppercase letter and one number.
  • If you’ve been referred to register on Binance by a friend, make sure to fill in the Referral ID (optional).

3. Drag the slider to complete the Security Verification puzzle.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
4. You will receive a verification email in your inbox. Please enter the verification code within 10 minutes. If you can’t find the email, click [Send Code] to get another email.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Note:
  • For your own account security, we highly recommend you to enable two-factor authentication (2FA). Binance supports both Google and SMS 2FA.
  • *Before you start P2P trading, you need to complete Identity Verification and 2FA authentication first.

How to Verify Account in Binance


Where can I get my account verified?

You can access the Identity Verification from [User Center] - [Identification] or access it directly from here. You can check your current verification level on the page, which determines the trading limit of your Binance account. To increase your limit, please complete the respective Identity Verification level.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners


How to complete Identity Verification? A step-by-step guide

1. Log in to your Binance account and click [User Center] - [Identification].

For new users, you may click [Get verified] on the homepage directly.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
2. Here you can see [Verified], [Verified Plus], and [Enterprise Verification] and their respective deposit and withdrawal limits. The limits vary for different countries. You can change your country by clicking the button next to [Residential Country/Region].
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
3. After that, click [Start Now] to verify your account.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
4. Select your country of residence. Please ensure that your country of residence is consistent with your ID documents.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
You will then see the list of verification requirements for your specific country/region. Click [Continue].
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
5. Enter your personal information and click [Continue].

Please make sure that all the information entered is consistent with your ID documents. You won’t be able to change it once confirmed.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
6. Next, you will need to upload pictures of your ID documents. Please choose the type of ID and the country your documents were issued. Most users can choose to verify with a passport, ID card, or driver’s license. Please refer to the respective options offered for your country.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
7. Follow the instructions to upload photos of your document. Your photos should clearly show the full ID document.

For example, if you are using an ID card, you have to take photos of the front and back of your ID card.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
8. After uploading the document photos, the system will ask for a selfie. Click [Upload File] to upload an existing photo from your computer.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
9. After that, the system will ask you to complete face verification. Click [Continue] to finish face verification on your computer. Please do not wear hats, glasses, or use filters, and make sure that the lighting is sufficient.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Alternatively, you can move your mouse to the QR code on the bottom right to complete the verification on the Binance App instead. Scan the QR code via your App to finish the face verification process.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
10. After completing the process, please wait patiently. Binance will review your data in a timely manner. Once your application has been verified, we will send you an email notification.

  • Please enter your basic information and complete photo verification within 15 minutes. Do not refresh your browser during the process.
  • You may attempt to complete the Identity Verification process up to 10 times per day. If your application has been denied 10 times within 24 hours, please wait 24 hours to try again.

How to Deposit at Binance


How to Deposit Crypto

Let’s use 10 USDT to illustrate how to transfer crypto from an external platform into your Binance account.

1. Log into your Binance account and go to your wallet overview page.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
2. Click on [Deposit] at the top right side of your screen.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
3. Select [Deposit Crypto].
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
4. Select the cryptocurrency you want to deposit. In this example, we will deposit USDT.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
5. Next, choose the deposit network. Make sure the selected network corresponds with the network of the platform you are withdrawing funds from.

Be careful! If you select the wrong network, you will lose your funds.

Summary of network selection:
  • BEP2 relates to the Binance Chain.
  • BEP20 relates to the Binance Smart Chain (BSC).
  • ERC20 relates to the Ethereum network.
  • OMNI refers to the OmniLayer that runs on the Bitcoin network.
  • TRC20 relates to the TRON network.
  • BTC refers to the Bitcoin network.
  • BTC (SegWit) refers to Native Segwit (bech32), and the address starts with “bc1”. Users are allowed to withdraw or send their Bitcoin holdings to SegWit (bech32) addresses. For more details, please refer to Segregated Witness (SegWit) FAQ.

6. In this example, we will withdraw USDT from another platform and deposit it into Binance. Since we are withdrawing from an ERC20 address (Ethereum blockchain), we will select the ERC20 deposit network.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
  • The network selection depends on the options provided by the external wallet/exchange that you are making the withdrawal from.
  • If the external platform only supports ERC20, you must select the ERC20 deposit network.
  • DO NOT select the cheapest fee option. Select the one that is compatible with the external platform.
  • For example, you can only send ERC20 tokens to another ERC20 address, and you can only send BSC tokens to another BSC address. If you select incompatible/different deposit networks, you will lose your funds.

7. Copy the deposit address provided by Binance and paste it on the corresponding platform’s address section (where you intend to withdraw your funds from).
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
8. After confirming the withdrawal request, you have to wait until the transaction is confirmed. The confirmation time varies depending on the blockchain and its current network traffic.

Please, wait patiently for the transfer to be processed. The funds will be credited to your Binance account shortly after.

9. You can check the [Transaction History] page for more information on your recent transactions.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners

How to Deposit Money


How to Deposit Money for example, EUR, GBP, etc., via Bank Transfer (SEPA)

Select [Bank Deposit] under the [Buy Crypto] tab.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Select the corresponding currency, enter the amount, and click [Continue].
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Get detailed payment information.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Complete Deposit to your account.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners


Binance Bank Transfer via SEPA and Faster Payments


1. What is the Single Euro Payments Area (SEPA)?

SEPA is an initiative of the European Union and is strongly supported by the European Commission and the European Central Bank that allows fast, reliable, and affordable Euro (EUR) transfers between bank accounts within the SEPA-zone.

2. What are the Deposit and Withdraw Fees for EUR?

Availability Deposit Fee Withdrawal Fee Processing Time
SEPA Free 0.80 EUR
0-3 business days.
Weekdays only
SEPA Instant Free 0.80 EUR Within a few minutes. 24/7/365

Important Notes:
  • This information may change from time to time. Please login to your Binance account and navigate to the bank deposit page to get the most recent information.
  • You will enjoy a lifetime limit of 150 USD after you register. To increase the limit, please proceed to complete your identity verification.
  • Fees listed in the above chart do not include additional fees charged by your bank (if any).
  • SEPA Instant supports 24/7/365 processing, however, users are advised to consult their bank regarding the availability of SEPA Instant and possible fees charged by your bank.

3. What is Faster Payments Service (FPS)?

FPS is a UK banking initiative to reduce payment times, United Kingdom’s 24/7 Real-Time Payment System, and is one of the most advanced systems of its type in the world. FPS allows fast, reliable, and affordable GBP transfers.

4. What are the Deposit and Withdraw fees for GBP?

Availability Deposit Fee Withdrawal Fee Processing Time
FPS Free 1.5 GBP In a few minutes. 24/7/365
Important Notes:
  • This information may change from time to time. Please login to your Binance account and navigate to the bank deposit page to get the most recent information.
  • In order to enjoy a higher limit, please proceed to complete your identity verification.
  • Fees listed in the above chart do not include additional fees charged by your bank (if any).

Trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence. Investments in crypto assets are not covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme.


How to Buy Crypto on Binance P2P


Buy Crypto on Binance P2P by Web App

Step 1:
Go to the Binance P2P page, and
  • If you already have a Binance account, click "Log In" and go to Step 4
  • If you do not have a Binance account yet, click "Register"
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 2:
Enter your email on the registration page and set your login password. Read and check the Binance Terms and click "Register".
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 3:
Complete Level 2 identity verification, enable SMS Verification, and then set your preferred payment method.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 4:
Select (1) “Buy Crypto” then click (2) “P2P Trading” on the top navigation.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 5:
Click (1) "Buy" and select the currency you want to buy (BTC is shown as an example). Filter the price and the (2) “Payment” in the drop-down, select an ad, then click (3) "Buy".
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 6:
Enter the amount (in your fiat currency) or quantity (in crypto) you want to buy and click (2) "Buy".
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 7:
Confirm the payment method and amount (total price) on the Order Details page.
Complete the fiat transaction within the payment time limit. Then click "Transferred, next" and “Confirm”.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Note: You need to transfer the payment directly to the seller through bank transfer, Alipay, WeChat, or another third-party payment platform based on the sellers payment information provided. If you have already transferred payment to the seller, you must not click "Cancel" unless you have already received a refund from the seller in your payment account. If you do not make an actual payment, please do not click "Confirm" to confirm the payment. This is not permitted according to the rules of the transaction. If you encounter any issues during the transaction, you can contact the seller using the chat window.

Step 8:
Once the seller has released the cryptocurrency, the transaction is completed. You can click (2) "Transfer to Spot Wallet” to transfer the digital assets to your Spot Wallet.

You can also click (1) "Check my account" above the button to view the digital asset you just bought.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Note:If you do not receive the cryptocurrency 15 minutes after clicking "Transferred, next”, you can click "Appeal" and Customer Service will assist you in processing the order.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners

Buy Crypto on Binance P2P by Mobile App


Step 1
Log in to Binance app
  • If you already have a Binance account, click “Log in” and go to Step 4
  • If you do not have a Binance account yet, click “Register” on the top left
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 2
Enter your email on the registration page and set your login password. Read the Binance P2P terms and click on the arrow to register.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 3
Enter your email and password, then click on the arrow to Log In.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 4
After you log in to the Binance app, click the user icon on the top left to complete identity verification. Then click “Payment Methods” to complete SMS authentication and set your payment methods.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 5
Go to the home page, click “P2P Trading”.
On the P2P page, click the (1) “Buy” tab and the crypto you want to buy (2) (taking USDT for example), and then select an ad and click (3) “Buy”.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 6
Enter the quantity you want to buy, confirm the sellers payment method(s), and click “Buy USDT”.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 7
Transfer the money directly to the seller based on the seller’s payment information provided within the payment time limit, and then click “Transfer the fund”. Tap on the payment method you transferred to, the click “Transferred, next”
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners

Note: Setting payment method on Binance does not mean that the payment will go directly to the sellers account if you click “Transferred , next” . You need to complete the payment directly to the seller through bank transfer, or another third-party payment platform based on the sellers payment information provided.

Please do not click “Transferred , next” if you have not made any transactions. This will violate the P2P User Transaction Policy.

Step 8
The status will be “Releasing”.
Once the seller has released the cryptocurrency, the transaction is completed. You can click "Transfer to Spot Wallet” to transfer the digital assets to your Spot Wallet.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
You can click “Wallet” at the bottom and then “Fiat” to check the crypto you bought in your fiat wallet. You can also click “Transfer” and transfer the cryptocurrency to your spot wallet for trading.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Note :
If you do not receive the cryptocurrency 15 minutes after clicking “Transferred, next”, you can contact the seller by clicking the “Phone” or “Chat” icon on the top.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Or you can click "Appeal”, select a “Reason for Appeal”, and “Upload Proof”. Our customer support team will assist you in processing the order.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
1. You can only buy or sell BTC, ETH, BNB, USDT, EOS and BUSD on Binance P2P currently. If you would like to trade other cryptos, please trade at the spot market.

2. If you have any questions or complaints, please contact our customer support team.

How to Trade Crypto at Binance


How to Trade Spot on Binance Web App

Visit our Binance website (www.binance.com), click on [Log in] at the top right of the page to log into your Binance account.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Then click on any cryptocurrency on the home page, and go directly to the corresponding spot trading page.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Here is the trading page interface.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
  1. Binance Announcements
  2. Trading volume of trading pair in 24 hours
  3. Sell order book
  4. Buy order book
  5. Candlestick chart and Market Depth
  6. Trading Type: Spot/Cross Margin/Isolated Margin
  7. Type of order: Limit/Market/Stop-limit/OCO(One-Cancels-the-Other)
  8. Buy Cryptocurrency
  9. Sell Cryptocurrency
  10. Market and Trading pairs.
  11. Your latest completed transaction
  12. Market Activities: large fluctuation/activities in market trading
  13. Open orders
  14. Your 24h order history
  15. Binance customer service
Let’s take an example to buy BNB. On the top of the Binance home page, click on the [Trade] option and select [Classic] or [Advanced]. Go to the buying section to buy BNB and fill in the price and the amount for your order, then click on [Buy BNB] to complete the transaction.

You can follow the same steps to sell BNB.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
  • The default order type is called a limit order. But if traders want to place an order as soon as possible, they may switch to [Market] Order. By choosing a market order, traders could make a transaction instantly at the current market price.
  • If the market price of BNB/BTC is at 0.002, but you want to buy at a specific price, for example, 0.001, then you can place a [limit] order. When the market price reaches your set price, your placed order will be executed.
  • The percentage shown below the BNB Amount box refers to the amount of BTC you wish to use to buy BNB.Put the amount and buy crypto.

How to Trade Spot on Binance Mobile App

Log in to the Binance App, click on [Trade] to go to the spot trading page.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Here is the trading page interface.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
1.Market and Trading pairs.

2.Real-time market candlestick chart, supported trading pairs of the cryptocurrency, “Buy Crypto” section.

3.Sell/Buy order book.

4.Buy/Sell Cryptocurrency.

5.Open orders.

You can use "Limit order" to buy BNB.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
  1. Insert 0.002 BTC for the price.
  2. Select 100% for the quantity.
  3. Once the market price of BNB reaches 0.002 BTC, the “Limit” order will be completed, and you will have 1 BNB in your spot wallet.

You can follow the same steps to sell BNB.

NOTE:
  • The default order type is called a limit order. But if traders want to place an order as soon as possible, they may switch to [Market] Order. By choosing a market order, traders could make a transaction instantly at the current market price.
  • If the market price of BNB/BTC is at 0.002, but you want to buy at a specific price, for example, 0.001, then you can place a [Limit] order. When the market price reaches your set price, your placed order will be executed.
  • The percentage shown below the BNB Amount box refers to the amount of BTC you wish to use to buy BNB.Put the amount and buy crypto.

How to Use the Stop-Limit Function


What is a stop-limit order?

A stop-limit order is a market order that has both a stop price and a limit price. When the stop price is reached, it triggers the limit order. The limit price is the specific price of the limit order the stop price triggers.

Once your stop price has been reached, the limit order is immediately placed on the order book.

The stop and limit prices can be the same. However, it’s recommended for sell orders to set your stop price (trigger price) slightly higher than the limit price. The price difference allows for a safety gap in price between the time the order is triggered and when it is fulfilled.

For buy orders, set your stop price slightly lower than the limit price. This will also reduce the risk of your order not being fulfilled.

SL (stop-limit) terms and mechanics

Stop price: When the asset’s price reaches the given stop price, the stop-limit order is executed to buy or sell the asset at the given limit price or better.

Limit price: The selected (or potentially better) price that the stop-limit order is executed at.

Quantity: The quantity of assets to buy or sell in the stop-limit order.

Worked Example

The last traded price of BNB is 498 BUSD, and you feel that there is resistance around 500 BUSD.

If you think that the price will go higher after the price reaches the resistance level, you can put a Stop-Limit order to automatically buy more BNB at the price of 502 BUSD. This way, you won’t have to continuously watch market movements waiting for the price to reach your target price.


How to create a stop-limit order

Continuing with our example, we will look at exactly how you can make a stop-limit order

1. Select [Stop-limit] from the trading view to begin making your order.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
2. Fill in the details of your stop price (trigger price), limit price for the triggered limit order, and the amount of crypto you wish to purchase. Click [Buy BNB] to confirm the details of the transaction.
In our example, the stop price is 500 BUSD and the limit price is 502 BUSD.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
3. Double check your stop-limit order carefully before finally clicking confirm to submit it to the exchange.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
View existing stop-limit orders

Once your orders have been submitted, existing ‘stop-limit’ orders can be found and reviewed in [Open Orders]. You can find this tab at the bottom of the trading view page.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
When orders are executed or discarded, your stop-limit order history can be found under [Order History].

How to Withdraw at Binance


How to Withdraw Crypto

In this example, we will be withdrawing BNB to Trust Wallet.

1. Log in to your Binance account. Once you’re logged in, move your mouse to Wallet, and click on Fiat and Spot.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
2. Click on Withdraw.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
3. Select the Crypto tab.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
4. Choose the cryptocurrency you’d like to withdraw.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
5. If the cryptocurrency is issued on multiple networks, select which one you’d like to make your withdrawal on.

For example, BNB is issued on Binance Chain as a BEP-2 token, and on Binance Smart Chain (BSC) as a BEP-20 token. As such, if you’d like to withdraw to a BEP-2 address, choose the BEP-2 option. Be extra careful with this step. If you withdraw to the wrong address, you will lose your funds.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
6. Tap on BNB in your Trust Wallet.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
7. Tap on Receive.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
8. Copy your BNB address.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
9. Paste it on the Binance withdrawal page (Address).
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
10. Enter the withdrawal amount and you will be able to see the corresponding transaction fee and the final amount you will receive. Click [Withdraw] to proceed.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
11. You need to verify the transaction. Please follow the on-screen instructions.

Warning: If you input the wrong information or select the wrong network when making a transfer, your assets will be permanently lost. Please make sure that the information is correct before you confirm the transaction.

12. After confirming the withdrawal request, please wait patiently for the transfer to be processed. The funds will be credited to your Binance account shortly after.

How to Withdraw Fiat Currency

Binance supports more than 60 fiat currencies and multiple different payment methods.

1. Log in to your Binance account. Once you’re logged in, move your mouse to Wallet, and click on Fiat and Spot.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
2. Click on Withdraw.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
3. Select the Fiat tab.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
4. Select the fiat currency you’d like to withdraw and the payment method. Binance supports credit cards, debit cards, bank transfer, or cash balance.

*The payment method is based on your selected currency and region.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
5. Enter the required details and follow the instructions.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
6. Enter your verification code to confirm the withdrawal.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners

How to Sell Crypto on Binance P2P


Sell Crypto on Binance P2P by Web App

Step 1: Select (1) “Buy Crypto” then click (2) “P2P Trading” on the top navigation.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 2:
Click (1) "Sell" and select the currency you want to buy (USDT is shown as an example). Filter the price and the (2) “Payment” in the drop-down, select an ad, then click (3) "Sell".
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 3:
Enter the amount (in your fiat currency) or quantity (in crypto) you want to buy and click (2) "Sell".
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 4:
The transaction will now display “Payment to be made by buyer”.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 5: After the buyer makes payment, the transaction will now display “To be released”. Please make sure that you’ve actually received payment from the buyer, to the payment app/method you used. After you confirm the receipt of money from the buyer, tap “Confirm release” and “Confirm” to release the crypto to the buyer’s account. Again, If you have not received any money, please DO NOT release crypto to avoid any financial losses.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 6: Now the order is completed, the buyer will receive the crypto. You can click [Check my account] to check your Fiat balance.

Note: You can use Chat on the right side to communicate with the buyer in the whole process.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Note:
If you have any issues in the transaction process, you can contact the buyer using the chat window on the top right of the page or you can click "Appeal" and our customer service team will assist you in processing the order.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Tips:
1. Please make sure to log in to your account to confirm the payment is received, this can avoid financial losses caused by wrongly clicking on the release button.

2. The digital assets you are selling have been frozen by the platform. Please confirm the receipt of the payment from the buyer and click “Release” to release the crypto.

3. Please do not agree to any request to release the crypto before confirming the receipt of the payment to avoid financial losses.

4. After receiving the SMS notification, please be sure to log in to your bank account to confirm whether the payment is credited, this will avoid the release of crypto due to Fraud SMS.

Sell Crypto on Binance P2P by Mobile App

You can sell cryptocurrencies with ZERO transaction fees on the Binance P2P platform, instant and secure! See the guide below and start your trade.

Step 1
First, go to the (1) “Wallets” tab, click (2) “P2P” and (3) “Transfer” the cryptos that you want to sell to your P2P Wallet. If you already have the crypto in the P2P wallet, please go to the homepage and tap “P2P Trading” to enter P2P trading.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 2

Click “P2P Trading” on the app homepage to open the P2P page on your app. Click [Sell] on the top of the P2P trading page, select a coin (taking USDT as an example here), then select an advertisement and click “Sell”.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 3
(1) Enter the quantity you want to sell, (2) select a payment method, and click “Sell USDT” to place an order.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Step 4
The transaction will now display “Pending Payment”. After the buyer makes payment, the transaction will now display “Confirm Receipt”. Please make sure that you’ve actually received payment from the buyer, to the payment app/method you used. After you confirm the receipt of money from the buyer, tap “Payment received” and “Confirm” to release the crypto to the buyer’s account. Again, If you have not received any money, please DO NOT release crypto to avoid any financial losses.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners

Note:
If you have any issues in the transaction process, you can contact the buyer using the chat window on the top right of the page or you can click "Appeal" and our customer service team will assist you in processing the order.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners

Frequently Asked Questions (FAQ)


Account


Why Can’t I Receive Emails from Binance

If you are not receiving emails sent from Binance, please follow the instructions below to check your email’s settings:

1. Are you logged in to the email address registered to your Binance account? Sometimes you might be logged out of your email on your devices and hence can’t see Binance’s emails. Please log in and refresh.

2. Have you checked the spam folder of your email? If you find that your email service provider is pushing Binance emails into your spam folder, you can mark them as “safe” by whitelisting Binance’s email addresses. You can refer to How to Whitelist Binance Emails to set it up.

Addresses to whitelist: 3. Is your email client or service provider working normally? You can check the email server settings to confirm that there isn’t any security conflict caused by your firewall or antivirus software.

4. Is your email inbox full? If you have reached the limit, you wont be able to send or receive emails. You can delete some of the old emails to free up some space for more emails.

5. If possible, register from common email domains, such as Gmail, Outlook, etc.


Why Can’t I Receive SMS Verification Codes

Binance continuously improves our SMS Authentication coverage to enhance user experience. However, there are some countries and areas currently not supported.

If you cannot enable SMS Authentication, please refer to our Global SMS coverage list to check if your area is covered. If your area is not covered on the list, please use Google Authentication as your primary two-factor authentication instead.
You may refer to the following guide: How to Enable Google Authentication (2FA) .

If you have enabled SMS Authentication or you are currently residing in a country or area that’s in our Global SMS coverage list, but you still cannot receiving SMS codes, please take the following steps:
  • Ensure that your mobile phone has a good network signal.
  • Disable your anti-virus and/or firewall and/or call blocker apps on your mobile phone that might potentially block our SMS Codes number.
  • Restart your mobile phone.
  • Try voice verification instead.
  • Reset SMS Authentication, please refer to here.


How to Redeem Futures Bonus Voucher/Cash Voucher

1. Click on your Account icon and select [Reward Center] from the drop-down menu or in your dashboard after logging in to your account. Alternatively, you can directly visit https://www.binance.com/en/my/coupon or access the Reward Center via the Account or More menu on your Binance App.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
2. Once you receive your Futures Bonus Voucher or Cash Voucher, youll be able to see its face value, expiry date, and applied products in the Reward Center.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
3. If you havent opened a corresponding account yet, a pop-up will guide you to open it when you click the redeem button. If you already have a corresponding account, a pop-up will come up to confirm the voucher redemption process. Once successfully redeemed, you can jump to your corresponding account to check the balance as you click on the confirm button.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
4. You have now successfully redeemed the voucher. The reward will be directly credited to your corresponding wallet.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners


Verification


1. Why should I provide supplementary certificate information?

In rare cases, if your selfie doesn’t match with the ID documents you’ve provided, you will need to provide supplementary documents and wait for manual verification. Please note that manual verification might take up to several days. Binance adopts a comprehensive identity verification service to secure all users funds, so please ensure that the materials you provide meet the requirements when you fill in the information.


2. What are my daily withdrawal limits after completing Identity Verification?

Binance reviews its products and services on an ongoing basis to determine changes and improvements. Please refer to the [Personal Identification] page for the most updated withdrawal limits.

All new users are required to complete [Verified] verification to access Binance products and service offerings, including cryptocurrency deposits, trades, and withdrawals. Existing users who haven’t completed Intermediate Verification will have their account permissions temporarily changed to “Withdraw Only” with services limited to fund withdrawal, order cancelation, position close, and redemption. For more information, please refer to our announcement.


3. Why do I need to complete [Verified Plus] Verification?

If you wish to increase your limits for buying and selling crypto or unlock more account features, you need to complete [Verified Plus] verification. Follow the steps below:
Enter your address and click [Continue].
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Upload your proof of address. It can be your bank statement or utility bill. Click [Confirm] to submit.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
You will be redirected back to [Personal Verification] and the verification status will show as [Under Review]. Please wait patiently for it to get approved.

Deposit


Why has my Deposit not been credited yet?

Transferring funds from an external platform to Binance includes three steps:
  • withdrawal from the external platform
  • Blockchain network confirmation
  • Binance credits the funds to your account

An asset withdrawal marked as “completed” or “success” in the platform youre withdrawing your crypto from means that the transaction was successfully broadcast to the blockchain network. However, it might still take some time for that particular transaction to become fully confirmed and credited to the platform you’re withdrawing your crypto to. The amount of required “network confirmations” varies for different blockchains.

For example:
  • Bitcoin transactions are verified that your BTC is deposited into your corresponding account after reaching 1 network confirmation.
  • All of your assets will be frozen temporarily until the underlying deposit transaction reaches 2 network confirmations.

Due to possible network congestion, there might be a significant delay in processing your transaction. You may use the TxID (Transaction ID) to look up the status of the transfer of your assets by using a blockchain explorer.
  • If the transaction has not yet been fully confirmed by the blockchain network nodes, please wait and try again later.
  • If the transaction is unconfirmed by the blockchain network, but it has also reached the minimum amount of network confirmations specified by our system, please contact our Support team and create a ticket with TxID, coin/token name, deposit amount and transfer time. Please make sure you have provided the above-detailed information so the Customer Service agent can assist you in a timely manner.
  • If the transaction is confirmed by the blockchain but not credited to your Binance account, please provide us with the TxID, token name, deposit amount, and time.


How do I check the transaction status on the blockchain?

Log in to Binance.com, click on [Wallet]-[Overview]-[Transaction history] to find your cryptocurrency deposit record.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
Then click on [TxID] to check the transaction details.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners


Summary of Incorrect Deposit


Missing or wrong TAG:

If you forgot to use a Tag, Memo or payment ID (e.g. BNB, XLM, XRP, etc) or used an incorrect one, then your deposit will not be credited.

Currently, you can apply for recovering your assets via self-service online:
Deposit made to incorrect receiving/deposit address or Unlisted token deposited:

Binance generally does not offer a token/coin recovery service. However, if you have suffered a significant loss as a result of incorrectly deposited tokens/coins, Binance may, solely at our discretion, assist you in recovering your tokens/coins. Binance has comprehensive procedures to help our users recovering their financial losses. Please be noted that successful token recovery is not guaranteed. If you have encountered this sort of situation, please remember to provide the following information to us for speedy assistance:
  • The email address of your Binance account
  • Token name
  • Deposit amount
  • The corresponding TxID

Deposit to an incorrect address which doesnt belong to Binance:

If you have sent your tokens to an incorrect address which does not belong to Binance. We are unable to provide you any further assistance. You are suggested to contact the relevant parties (owner of the address or exchange/platform which the address belongs to).

Withdrawal


Why has my withdrawal now arrived?

I’ve made a withdrawal from Binance to another exchange/wallet, but I haven’t received my funds yet. Why?

Transferring funds from your Binance account to another exchange or wallet involves three steps:
  • Withdrawal request on Binance
  • Blockchain network confirmation
  • Deposit on the corresponding platform

Normally, a TxID(Transaction ID) will be generated within 30-60 minutes, indicating that Binance has successfully broadcasted the withdrawal transaction.

However, it might still take some time for that particular transaction to be confirmed, and even longer for the funds to be credited into the destination wallet. The amount of required network confirmations varies for different blockchains.

For example:
  • Bitcoin transactions are verified that your BTC is deposited into your corresponding account after reaching 1 network confirmation.
  • Your assets are temporarily frozen until the underlying deposit transaction reaches 2 network confirmations.
Due to possible network congestion, there might be a significant delay in processing your transaction. You may use the transaction ID (TxID) to look up the status of your transfer by using a blockchain explorer.

Note:
  • If the blockchain explorer shows that the transaction is not confirmed, please wait for the confirmation process to be completed. This varies depending on the blockchain network.
  • If the blockchain explorer shows that the transaction is already confirmed, it means that your funds have been sent out successfully and we are unable to provide any further assistance on this matter. You would need to contact the owner/support team of the destination address to seek further help.
  • If the TxID has not been generated 6 hours after clicking the confirmation button from the e-mail message, please contact our Customer Support for assistance and attach the withdrawal history screenshot of the relevant transaction. Please make sure you have provided the above information so the Customer Service agent can assist you in a timely manner.


Withdrawal to a Wrong Address

Our system initiates the withdrawal process as soon as you click on [Submit] after passing security verification. Withdrawal confirmation e-mails can be identified by their subject lines starting with: “[Binance] Withdrawal Requested From……”.
How to Start Binance Trading in 2021: A Step-By-Step Guide for Beginners
If you’ve mistakenly withdrawn funds to the wrong address, we are unable to locate the receiver of your funds and provide you any further assistance. If you have sent your coins to an incorrect address by mistake, and you know the owner of this address, we recommend you to contact the customer support of that platform.


Are the offers I see on P2P exchange provided by Binance?

The offers you see on the P2P offer listing page are not offered by Binance. Binance serves as a platform to facilitate the trade, but the offers are provided by users on an individual basis.


As a P2P trader, how am I protected?

All online trades are protected by escrow. When an ad is posted the amount of crypto for the ad is automatically reserved from the sellers p2p wallet. This means that if the seller runs away with your money and does not release your crypto, our customer support can release the crypto to you from the reserved funds.

If youre selling, never release the fund before you confirm that you have received money from the buyer. Be aware that some of the payment methods buyer use are not instant, and may face the risk of callback.
Thank you for rating.
REPLY A COMMENT Cancel Reply
Please enter your name!
Please enter a correct email address!
Please enter your comment!
The g-recaptcha field is required!

Leave A Comment

Please enter your name!
Please enter a correct email address!
Please enter your comment!
The g-recaptcha field is required!