THE STEEMIT CRYPTO ACADEMY COURSE-WEEK 2 .........TOPIC: HOW TO SETUP A TRADING ACCOUNT IN A CRYPTO CURRENCY EXCHANGE. THIS POST OS SET TO 100% POWER UP
Hello guys, How are you all doing. Hope your day is going on well. Here is my solution to the assignment on the @crypto-academy community. Here I will be teaching us on how to setup a trading account. Have you ever traded cryptocurrencies before or you are still a novice looking for the app to use. Kindly follow up this sign up process to get your own cryptocurrency account.
INTRODUCTION
Today i will be teaching us on how to setup a BINANCE exchange account. But before that i will like to share my little knowledge about binance with you.
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WHAT IS A BINANCE EXCHANGE/TRADING ACCOUNT.
The name BINANCE is based on the combination of two words binary and finance. It exchange services were launched in 2017. It also support trading of more than 150 coins.
Binance is an exchange app where user can trade different types of cryptocurrencies. They support many of the most commonly traded cryptocurrencies. It provides a crypto wallet for its traders where they can save their funds
BINANCE WALLET
BINANCE SPOT WALLET
Binance also has it own token currency BINANCE COIN (BNB).Binance exchange has a low transaction fees, high liquidity and additional discount if users pay in the native BNB cryptocurrency token.
HOW TO SETUP A BINANCE TRADING ACCOUNT
STEP--- 1
The very first step in seting up the binance account is to get the app on playstore or visit their web page https://www.binance.com.
After you have gotten the app you click on the sign up/ register since you are not an existing user. Click on the register tab in the topright hand corner of the webpage you enter the necessary information.
BINANCE REGISTER TAB
There is a space for the referral ID you can put my referral code. REFERRAL ID-- 66540903
Binance would ask you to fill your email and your password must consist of a capital letter mixed with small letters and number with a special sign (.,") and password must be atleast 8charcacters long. After entering the datails accept to the binance term box then click the create account botton to complete your binance registration.
STEP---2
Then you will see a captcha. It protects from bots. As you can see in the picture below.
BINANCE CAPTCHA
You are to slide the puzzle so you move it to complete the puzzle just like this
COMPLETEING THE PUZZLE
After you had completed the puzzle the next step is to verify your email.
STEP--3
Here you verify your email by clicking 'send code' tab binance will the send you a six digit code. After you have gotten the code through your email you fill the code in the space provided after you had fill in the code then binance will bring some option for you which you are ti pick one.
Then you click on I AM A NOVICE since you just started trading and you select any option base on your capability. After that your account is ready.
BINANCE ACCOUNT IS READY
Your account is successfully created so you go on and complete your 2 way authentication to make your account more secure. You can select the phone or Google authentication.
THE AUTHENTICATIONS TAB
You pick one and you continue with the process for ecample the SMS AUTHENTICATION
after clicking on that you would be asked to provide a number. After you have provided the number binance would send you a code to verify your number after the verifications then you are done
THE SMS AUTHENTICATION
Your account is ready and you can proceed to make deposits.
CONCLUSION
I hope this assignment will assist you on setting up your own binance trading account.
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