BINANCE is the world’s number one cryptocurrency exchange. Only half a year after its founding, it has exceeded 6 million people. With over 300 currencies, it is one of the best in the world. Much more than other companies in the same industry such as Huobi and FTX. In addition, there are more than 1000 currency pairs, and traders will have little trouble. It is also an advantage that you can register immediately because you can register only with your e-mail address, and you can start trading immediately. As it is the largest overseas company, it is recommended for all traders.
Only the following 3 items are required to open a BINANCE account. No identity verification documents are required for opening.
- email address
- Smartphone or PC
- Identity verification documents
When you access the official website, there is an item called “Registration” in the upper right corner, so click it. Then enter your email address. Enter any password. After inputting, the puzzle authentication page will be displayed, so pull the lever below to match the puzzle. When you have entered your email address and password, you will receive an account verification code email from BINANCE. Enter the 6-digit number written on it on the above page. This completes the BINANCE login.
If you would like to lift the withdrawal restrictions, please submit your identity verification documents. “Identification card,” “passport,” and “driver’s license” are accepted as identity verification documents. In addition, a bank transaction certificate / utility bill receipt (electricity, gas, internet, etc.) is required separately as an address proof. Upload your documents and your own photo. You can start by clicking “Identification” from the account mark on the upper right of the screen.
You can trade over 300 currency pairs on BINANCE. The following is an example, but you can trade many other coins.
Scalping trades are allowed in BINANCE. However, please be careful. Unlike foreign exchange, the price range of virtual currencies is very volatile. If you go the other way, be sure to decide the withdrawal point. If you go the other way, you may lose all your money.
Automatic trading is at your own risk
With BINANCE, you can automate cryptocurrency investment and get passive income with automatic investment. However, automated trading carries great risks. When a one-sided trend appears, the unrealized loss becomes large and all the principal is often skipped. Furthermore, in the case of virtual currencies, trends are more likely to occur than foreign exchange, and price range fluctuations are more likely to occur. You may lose all your money in one trade, so please understand before deciding whether or not to do it. Discretionary trading is recommended.
Low risk, low return for beginners
Beginners should not be familiar with cryptocurrency FX yet, so let’s start with low risk and low return.