Binance wallet is a centralized cryptocurrency exchange broker that solely deals in crypto-based assets such as Bitcoin, Altcoins, and Initial Coin Offering (ICO) tokens. Binance’s cooperation with Simplex allows for the purchase and sale of a limited number of crypto currencies. Users may rapidly trade their currencies and tokens without having to provide any documents to verify their identity. Unverified accounts, on the other hand, have a withdrawal restriction of 2BTC per 24 hours. When compared to other exchanges, it costs only 0.1 percent as a fee. Users who have the Binance Wallet are entitled for further discounts (BNB). Click here for a step-by-step guide on how to trade on Binance.
Binance offers a wallet service for depositing your money, but only provides you with your public address key, not the private key. The popular Trust Wallet, which can be used to hold ERC20 and ERC71 tokens as well as 14 cryptocurrencies, has been bought by Binance. The Binance wallet is scheduled to start offering cold storage solutions and expand its support to the top 20 cryptocurrencies in the coming months. You might also want to consider using one of our other recommended wallets in conjunction with Binance’s services:
Only after depositing cryptocurrency into your Binance account is it possible to acquire cryptocurrencies or any token.
To open a Binance account, complete these steps:
1. Go to their official website and click the ‘Register’ option in the upper right corner.
2. After consenting to the rules, enter your email and password and click the “Register” button.
The Binance Wallet staff should send you a confirmation email within a few minutes. To activate your account, click the ‘Verify Email’ link in the email or paste the URL address into your browser.
Follow the steps below to log into your Binance account:
1. Go to Binance Wallet and click the ‘Log In’ icon in the upper right corner of the home page.
2. Click the ‘Log In’ button after entering your email address and password. Binance presents a notification suggesting that you double-check the URL you are visiting due to the danger of phishing scams.
3. To get into your account, complete the captcha. When you first log in to Binance, you’ll get a notice asking you to enable two-factor authentication for your account.
You can set 2FA right away by following the steps, or you can wait and do it later by clicking the ‘Skip for now’ button. To better protect your account and funds, we strongly advise you to enable 2FA.
To trade cryptocurrencies on the Binance Wallet, you do not need to present any documentation. Non-verified (Level 1) account users can withdraw up to 2 BTC every 24 hours, whereas verified account holders can withdraw up to 100 BTC per day.
You must produce a government-issued ID to validate your account and advance to Level 2. When uploading documents, make sure they’re of good quality and that all of the content is viewable. You must also supply your personal information in addition to the documents:
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