Binance Tutorial

Check out a full tutorial on using Binance. From the creation of the account, to the use of it, we detail everything. Buying, selling and storing your cryptocurrencies will no longer hold any secrets for you. Importantly, we will also teach you how to properly secure your account as well as your Binance wallet.
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Binance, the leader of exchanges in the world!

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Founded in July 2017, the platform has quickly established itself among the best cryptocurrency buying and trading platforms in the world. Binance is now a company listed at over $ 1 billion.

This platform allows you to exchange cryptocurrencies against other cryptocurrencies (Bitcoin, Litcoin, Etherum, etc.). It also allows you to buy or sell your cryptocurrencies.

It is a complete exchange that enables crypto-to-crypto and crypto-to-fiat exchange. You can therefore buy your first cryptos with euros and they will be directly usable for your trading .

Register on Binance

Start by registering by filling in the various fields then validating by clicking on “Create an account” . Then go to your inbox to validate the email that Binance sent to you. To activate your account, click on the link in this email.

Once your account is activated, you can return to Binance and click on “Login” .

Then, in order to prepare for the next step of securing your Binance account, go to the following URL: https://www.binance.com/en/my/settings/profile .

11Bots de Trading - Binance

Secure your Binance account and wallet

To secure your account, you must now go to the “Security” section of your account. You can access it directly through this URL: https://www.binance.com/fr/my/security

On this page, we will find several means of securing the account (we recommend at the bare minimum that you opt for the first 2 first):

  • Google AuthenticatorThis is a free mobile application that allows you to generate a random code every 30 seconds in order to secure the connection. This security is strongly recommended.
  • EMAIL AUTHENTICATIONDuring authentication, an email containing a code is sent. All you have to do is enter this code to validate the authentication. This code must be indicated for all transactions.
  • SECURITY KEYThe security key, like YubiKey, is an electronic authentication device that supports one-time passwords, encryption, and public key authentication. It allows users to securely authenticate to their accounts by issuing a one-time password.
11Bots de Trading - Binance

How and why do you have your identity verified?

Basically, right after you register with Binance, your account will have several deposit and withdrawal limitations. In order to remove these limitations and take full advantage of all the services, you will need to prove your identity by validating your KYC ( Know Your Customer ).

To do this, go to the “Identification” section of your account accessible directly from the following URL: https://www.binance.com/fr/my/settings/profile

From here, you will be able to start the verification of your identity by filling in the necessary fields and then sending one of the requested attachments (front / back identity document, or passport, or driving license. )

 Be careful not to provide an expired or poor quality identity document, this could be a reason for refusal. In case of refusal, do not panic, it is possible to renew the request.

As you can see from the attached image, there are several levels of checks with different limitations for each level. 

11Bots de Trading - Binance

Buy cryptocurrency with your credit card

So you want to buy cryptocurrency from a bank card. To do this, click on “Buy cryptos” then select “Credit / debit card”

 

 

  • AMOUNT IN USDEnter the amount in USD of the transaction you want to carry out
  • CHOICE OF CRYPTOSelect the crypto you wish to acquire.
  • SELECT THE CREDIT CARDThen, enter your Credit Card or select it in the list if it is already present, then click on Buy
11Bots de Trading - Binance

How to find your crypto address (BTC, LTC, USDT, etc.)?

Here is the procedure to follow to find out your different deposit addresses for your different cryptocurrencies:

  • DISPLAY YOUR PORTFOLIOClick on "Portfolio" then on "Spot Portfolio"
  • FIND YOUR CRYPTOFind in the list the cryptocurrency for which you want to recover the address. It is also possible to enter the name of the latter in the "Find an asset" field in order to find it faster.
  • CLICK ON "DEPOSIT"Once your crypto is located, you will find on the far right, in the action column, the "Deposit" link which will allow you to display your address.
  • RETRIEVE THE ADDRESSOn the new page that appears, you will find an "address" field with a long series of characters. This is therefore your cryptocurrency address for the currency you are looking for.
11Bots de Trading - Binance
11Bots de Trading - Binance

Make a withdrawal in euros from your bank account

It is possible to make a withdrawal from Binance to your bank account in 2 possible ways: By Transfer, or by Credit Card.

You will also need to have Euros in your Binance account. If this is not the case, you will first need to convert your cryptocurrencies into Euros.

Here is the procedure for making the withdrawal:

  • DISPLAY YOUR PORTFOLIOGo to "Wallet" then "Spot Wallet". Locate the "EUR" line and click on the "Withdrawal" link to the far right of the line.
  • SELECT THE WITHDRAWAL METHODIn the new window that appears, select your withdrawal method (Bank Transfer / Credit Card)
  • ENTER THE AMOUNTThen, enter the amount of your withdrawal then validate.
11Bots de Trading - Binance

Make an external cryptocurrency transfer

To make an external transfer (therefore a payment), you have to go to your wallet and use the “Withdraw” function.

  • DISPLAY YOUR PORTFOLIOClick on "Portfolio" then on "Spot Portfolio"
  • FIND YOUR CRYPTOFind in the list the cryptocurrency for which you want to recover the address. It is also possible to enter the name of the latter in the "Find an asset" field in order to find it faster.
  • CLICK ON "WITHDRAWAL"Once your crypto is located, you will find on the far right, in the action column, the link "Withdrawal"
11Bots de Trading - Binance

All that remains is to complete the withdrawal form.

  • CASHSelect the cryptocurrency you want to use
  • ADDRESSThis is the address that was communicated to you on the platform where you want to send your cryptocurrencies. This is the destination address of your transfer
  • NetworkEach currency has several networks. Be careful to select the network that was communicated to you at the same time as the address
  • WITHDRAWAL AMOUNTAs the name suggests, this is the amount of the transfer. ATTENTION: You must add to your basic amount, any network fees depending on the crypto used (here, you must add 0.001 LTC to your basic amount)
  • CHECK THE AMOUNT RECEIVEDBefore validating, always check the amount received at the bottom, which will be the actual amount received after removing the network load charges
11Bots de Trading - Binance

Convert your cryptocurrencies

There are many reasons why you might want to convert your cryptocurrencies (for example, converting your cryptos into euros).

Another reason, which we strongly advise you, would be to want to convert your “risky” cryptocurrencies into another much less risky currency (such as stablecoin , like USDT , which are cryptocurrencies whose price does not vary. a lot).

To do this, you will have to go to your wallet, to the desired cryptocurrency, and click on “Conversion”.

You can also go directly to the conversion page.

  • DISPLAY YOUR PORTFOLIOClick on "Portfolio" then on "Spot Portfolio"
  • FIND YOUR CRYPTOFind in the list the cryptocurrency for which you want to recover the address. It is also possible to enter the name of the latter in the "Find an asset" field in order to find it faster.
  • CLICK ON "CONVERT"Once your crypto is located, you will find on the far right, in the action column, the link "Convert"
11Bots de Trading - Binance

All you have to do is fill out the form, and click Convert.

  • FromSelect the currency you want to convert
  • ToSelect the currency you want to convert your cryptocurrency to (you can select another cryptocurrency, but you can also select EURO)
  • CLICK ON "CONVERT"All you have to do is click Convert
11Bots de Trading - Binance