Crypto has continuously made a widespread reach. The crypto industry had a notable acceleration last year in 2021.
Massive amounts of money are thrown into the market every day. New cryptocurrency coins emerged as NFTs also came into play.
Despite the volatility of digital assets, a lot of people still believe in the future, technology, and innovation of cryptocurrency.
Luckily, we now have a plethora of apps and software readily available for us to use when we want to get into space.
An example of a platform that is widely used by many is the trading and investing software, Binance.
Binance came from a combination of the words bitcoin and finance.
According to Investopedia, Binance is a digital asset trading platform that is easily accessible using the internet. It is compatible with the majority of cryptocurrencies that are actively traded. Additionally, it functions as a cryptocurrency wallet in which traders can store their crypto assets.
Additionally, the exchange provides users with supplementary services that allow them to earn interest or conduct business using bitcoins.
The Binance exchange is best renowned for its cryptocurrency-to-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 IDs.
Furthermore, you will need to finish the verification stage, also known as the KYC (know your customer) stage, in order to finish the registration process for your Binance account.
Binance requires different proofs of identity and other documents depending on the user's location and the type of account they have.
On the other hand, if you live in the United States, you can get through Binance's Know Your Customer check using any one of the following documents:
Voter's ID
Valid Passport
A driver's license
Government-Issued IDs
Social Security Number or PAN Card
How to Create a Binance Account on the Desktop
According to the recommendation of MUO, here's how to create an account on Binance on your desktop:
Launch your preferred web browser, and navigate to the Binance website. Click the "Register" link that appears in the top-right corner of the screen.
Choose to sign up, then choose if you want through email or phone.
Binance would detect your country. However, in the event that it does not, select your country or area of residence. Then select "Confirm."
Select "Create Personal Account" from the drop-down menu. In the spaces provided, please enter both your email address and your password. Then you can select Yes or No to receive updates from Binance or not. Then you should click the Next button.
After that, Binance will send a verification code to your email. Just copy and enter the code for your account to be activated.
Next, input your phone number on the screen and you will also be provided another verification code through SMS. Then click Send.
Lastly, you will see "Verify Now" at the bottom of the page.
After you click Verify Now, you will then proceed to the KYC process.
Complete Binance KYC on the Web App on Desktop
Here are the following steps that will be expected in Binance's KYC phase:
You will first be provided a form you need to fill up. Once done, select Continue.
Next, type in your current address, again select Continue after.
After, you will be shown a few options of the considered valid IDs in the platform, click your choice then hit Continue.
Binance will ask you to provide your ID. To verify ID, click Continue. If successful, Binance will take you to the next part of the process.
The next part would be a face verification. It is not advisable to wear a hat or glasses. Avoid camera filters and make sure the background isn't dull.
There will be further instructions on the screen during this process. It is advisable that you follow through with it to have a higher chance of your account getting approved.
Lastly, once approved after the facial verification, Binance immediately displays a success page.
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