Task 2 For @besticofinder: How to Setup a Trading Account in Binance

Hello to everyone that is going to read this home work post, i hope you all have been doing well like educating your self and staying out of trouble anyway today i am going to complete my home work given by @besticofinder because i have read and understood his Topic so if you have not yet done that just click this link and it will take you to his Topic.

Firstly, I am going to be explaining how to setup a trading account in a cryptocurrency exchange platform that is binance so if you don't know what a cryptocurrency exchange is make sure you click the link above that says link and it will take you directly to the topic.

How To Setup a Trading Account in Binance

Source

Let's begin the process in creating a trading account in binance exchange, the first thing you will have to do is create an account through a sign up process which you have to visit here (https://www.binance.com/en) or you download the app in Play store that is if you are an android phone user but if you are an ios user you can also download the app in it's app store but if you are using a mobile web browser this is how the homepage will appear.

Source

In the homepage of the official website in your mobile phone, you will see the signup button that says register now in the middle of the page. Click on that and you will be directed to the sign up page.

In the sign up page you can choose to use your email to sign up or your mobile number to sigh up i will advice you sign up with your email because it more faster then you will have to create a password please make sure password is long and easy for you to remember that is why i will advice to discover a long password that you know it's strong and use it for every online account creation because then you can never forget it than when anytime you want to create account you will create a new password i am very sure you will forget it.

If you have a referral number then type it down but if you don't you can skip it because it is optional, then after you are done typing your email and password you click register after it loads it will display a puzzle that you must complete so that it will take you to the next step.

Account verification is the next step which is a code that has been sent to your email account, so go to your email and then find the message which normally can be found in the primary section but if it is not there check your spam or trash section so after you have copied the code then go back to binance and type in the code in the section and that will take you automatically to the welcome page.

Before i typed in the code.

The email i received from binance.

After i typed in the code

In the welcome page you will see the following options which are deposit cash, deposit crypto and buy crypto with your credit card so i will advice you not to do it until you are done verifying your account so that you will not be easily hacked because if you go to your profile you will see unverified and after you must have gone through all the required process to verify your account then you will see verified mind you it will take time during the process but be patient and you will complete it.

The welcome page

When you have not yet been verified

The first process in verifying your account is phone verification then the second process is google verification and you must complete both of them before you can be verified and i will explain them.

Phone verification
In the process of phone verification all you need to do is select your country then type in your phone number after that you are required to hit send code button in both sms and email and after you click the button two different code will be sent to you one for your phone number and the other for your email so after confirming the codes press submit then you will be taken to google verification.

phone verification page

Google verification
In the first part of this process you will be required to download an authenticator app then scan the QR code with the app the third step is you will given a code that you must store safe and that code is important so store it well then the final step is typing in codes sent to your email and the other one is your google verification code and after confirming every thing click submit.

The QR code

The very important code_

email and google verification code

I think before you will be verified you must have completed this two steps below: Submit your Passport,ID or Driver’s license and take a selfie of you holding Passport,ID or Driver’s license. because they are critical in your account security and verification and after you are done with the verification then you are safe to deposit cash or crypto.

After you have been verified

You can easily change the language now firstly you press a dark button at the top left of the home page then look settings after you find it click it, you will see language and also you can change currency, payment currency, appearance to light or dark mode, color preference of the candle stick and style of the candle stick.

Settings page

Depositing funds to Binance account

Firstly you will find the deposit button in the home page click it and it will take you will be taken to another page were you will see crypto and fiat at the top, now if you want to transfer crypto from another site to binance you must find that exact coin and then copy the wallet address make sure it is the right network of the token because ethereum has 3 network the first one is the common one but you have to be very sure so you don't loose your token while some crypto has wallet address and memo when depositing like steem.

Depositing Ethereum

Deposting Steem

While in the fiat section you will have to find your local currency then you will see bank transfer or card transfer were you use your debit card.

Depositing Fiat

Withdrawing funds from Your Binance Exchange

You can easily withdraw through this process first you will have to find the withdraw button in your wallet at the top in the center then you will be taken to another page which is the same a deposit, if it is crypto you are trying to withdraw you must find the exact crypto and then paste the address then network and then amount and click withdraw.

Crypto withdrawal page

While in the fiat section you will have to type in your debit card pins that is for bank transfer anyway but as for email i have never applied for that one but i know it works and also Nigeria withdrawal page is under maintenance now.

Fiat withdrawal page

Conclusion
This steps will test your patients but go through it so you don't make mistakes anyway thanks for reading and i hope you understand and i hope i explaned it very well Please @steemitblog and @besticofinder, here is my task entry and thanks for reading.

Cc: @steemcurator01
Cc : @steemcurator02
Cc : @steemitblog
Cc : @besticofinder