Crypto Academy Week 2 Homework (How to setup a trading account in a Cryptocurrency Exchange) Post for @besticofinder

dharamps (70)Beginner[1,3]in SteemitCryptoAcademy • 4 years ago

Hello steemians , I hope you all are doing very well.
In this post , I am here to submit my homework task which I have carried out as required by @besticofinder, by crypto professor.

Create a simple beginners guide for one of the following crypto currency exchange explaining how to complete Registering , Verification, Depositing funds ,Withdrawing funds etc. You can select one exchange from the following list :

This beginners guide to binance exchange will cover everything you need to know about Binance exchange and how to open Binance account easily, how to deposit funds, how to withdraw funds.

Src

Why Should I Open A Binance Exchange Account?

Binance is growing at an astounding rate, and if this keeps up, it will be one of the biggest crypto exchanges based on trading volume.

Additionally, many newly coins/tokens that just had an ICO would have a higher tendency to be listed on Binance compared to other big exchange.

So if you’ve missed an ICO and wants to catch a hold of a particular coin, Binance would be the recommended choice of exchange due to its large trading volume, which would equate to better prices and a higher probability of your buy/sell orders being filled.src

How to register on Binance: step-by-step manual for newbie

The process itself consists of several mandatory and optional steps. We write out all the details below at the end you have not left a single question.

Create personal account

We start with the fact that we go to the registration page of the crypto-exchange Binance. On the registration page there are two required empty fields:

Email: You should provide your personal valid email address in order to be able to receive a confirmation email and restore your password in future.
Password: It must contain minimum 8 characters, at least 1 UPPER CASE and at least 1 number.

Step 1: Go to Binance’s Website

Make sure you bookmark the page, as there have been many cases of phishing sites that mirror the actual site. As a precaution, you should also examine the URL and look for the “Secure” Certificate to authenticate that this is the original site.

Go to the registration page.

^{Binance Register Page | https://www.binance.com/en}

^{You have to write your personal email and create a strong password . And then Create Account | https://www.binance.com/en}

Step 2: Complete the Registration Process

The security system of Binance may show you additional check that you are a real person, not a robot. You may be asked to move the puzzle to the right place with the slider at the bottom (left-click and hold the slider itself).

Now you need to verify your email. An email with instructions on how to activate your Binance account is waiting for you at the specified e-mail address. OR A verification code may be sent to your mail.

All you need to do is open the mailbox, copy the verification code and paste .

^{Verify Email / Email Verification Page | https://www.binance.com/en}

Now Your binance account is verified.

Then you will see a message that your Financial account is activated and ready to go. This means that you can log in and start trading in cryptocurrency.

Enable two-factor authorization account protection

If you do not enable a two-factor authorization on the Binance, each authorization will be accompanied by a corresponding reminder.

Open official Binance website, click on the “Login” button in the upper right corner and enter your newly registered data (email address and password) and do not forget to click “Login” at the bottom.

^{Binance login page | https://www.binance.com/en}

After that, you need to confirm that you are not a robot: hold the slider under the image with the left mouse button, drag the puzzle to the specified location. If you do it accurately and accurately, you will successfully pass the authorization, and if not, you will have to repeat the procedure.

^{Binance Robot Check | https://www.binance.com/en}

As mentioned above, after authorization, you will be notified that it is recommended to enable additional account protection (2FA).