Hello Fellows hope you will be fine i am here to participate in the homework task for the first time and submitting this homework to professor @besticofinder. However, the topic is easy that in which i am going to show you the step by step process of creating and setting up your account.

How to setup a trading account on Binance Exchange

Step 1

• First of all you have to visit the website of binance exchange https://www.binance.com/en using this link make sure you have followed the correct link of the website because there lots of fake websites that will steal your data and funds etc.

Step 2

• For Creating your Trading account Click on the Register

Step 3

• Type your email in the email box i will prefer you to put your gmail account or make alternate email for trading account that you can easily remember. In the Password Box type strong password and save it for yourself in a secure place. After this tick mark the terms and condition of binance and click on Create Account and go to your email inbox to confirm your email.

Step 4

ACCOUNT SECURITY

• After creating your account now you have to secure your account by following method

• Two - Factor Authentication (2FA)

• Email Verification

• Mobile number Verfication

• Google Authenticator

You can set all these verification methods in the security center that you can find in the left side on your dashboard

Step 5

Identity Verification

Why verify your identity?
• To increase your withdrawal limit to 100 BTC
• To increase deposit limits for selected local currenciecBinance

• For identity verification you need to provide your personal information and details

• You have to send your scan CNIC (both side) or Passport

• Your photo for live verification

• After sending your personal details including passport or CNIC you have to wait for sometime to get notification via your email from binance to verify your account if meeting their criteria

• If you passed the verification you will get a verified label that you can see in the snap below

Step 5: Depositing Funds

• For depositing Funds to your account you have to click on the wallet in the drop down menu click on the FIAT and SPOT. After clicking on fiate and spot a new dashboard will appear where you can deposit funds via Fiat currency using your Bank Visa card or Master card. If you want to deposit funds in Crypto you have to select your desired cryptocurrency like Bitcoin, Eth or Steem. You can search your Favorite coin in the search box.

How to deposit steem ?

• For depositing steem to your binance account you need to go to your steemit wallet and click on the transfer the steem that is available in liquid form for sending. Type the steem address of binance account that you can find in your binance account wallet and Remember to put the right and exact memo for sending your funds to exchange that you can see in the snap below. After putting the right and correct address and memo your funds will be on the way to your account you will get notification via your email.

How to Withdraw Funds?

• Well,if you want to withdraw funds to your steemit account you can do it easily same as depositing your funds.

• Click on withdraw

• Search your favorite coin to withdraw like steem

• For withdrawing steem to your steemit account you need to put your username of steemit

• Make sure you are withdrawing the steem

• Put the exact quantity that you can see in the snap below.

How to withdraw Funds to your FIAT currency ?

• Also, if you want to withdraw your funds to your Fiat currency you need to convert your coins to USDT

• Before Withdrawing your Funds to Fiat you need to Setup your P2P account by providing your bank account number, your name and other information

• After this you need to transfer USDT to your P2P account and can sell it for your Fiat Currency

I hope this post will be helpful for you if you have any question you can ask in the comment section i will give you the answer.

Thank you Professor @besticofinder here is my homework task on Setting up trading account

Cc:-
@steemitblog
@steemcurator01
@steemcurator02

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Best Regards @moeenali