How to Use Binance

Intermediate 20 minutes

Binance is the world's largest cryptocurrency exchange by trading volume. It offers the lowest fees and most coin variety, but has a steeper learning curve.

US Users

US residents must use Binance.US (not Binance.com). It has fewer features and coins but is the only legal option for Americans.

Why Binance?

Lowest fees - 0.1% base fee (lower with BNB)
Most coins - 600+ cryptocurrencies
High liquidity - Best prices, fast execution
Advanced features - Futures, margin, staking

Step 1: Create Account

Go to binance.com (or binance.us for US)
Click "Register"
Use email or phone number
Create strong password
Enter referral code if you have one (saves fees)

Step 2: Complete Verification

Go to Identification
Select your country
Upload ID document
Complete facial verification
Wait for approval (usually quick)

Step 3: Enable Security

Google Authenticator - Essential for 2FA
Anti-phishing code - Shows in all Binance emails
Withdrawal whitelist - Only allow approved addresses
Device management - Review logged in devices

Anti-Phishing Code

Set a unique code that appears in all legitimate Binance emails. If an email doesn't have your code, it's a scam.

Step 4: Deposit Funds

Deposit Crypto

Go to Wallet → Fiat and Spot
Click "Deposit"
Select cryptocurrency
Choose network carefully
Copy address and send from external wallet

Deposit Fiat

Go to "Buy Crypto"
Select payment method (card, bank transfer)
Enter amount
Complete payment

Network Selection is Critical

Always match the network between sender and receiver. Sending BEP20 to an ERC20 address = lost funds. When in doubt, use the native network.

Trading on Binance

Spot Trading (Basic)

Go to Trade → Spot
Search for trading pair (e.g., BTC/USDT)
Choose order type (Market or Limit)
Enter amount
Click Buy or Sell

Order Types

Order Type	Description	Best For
Market	Buy/sell immediately at current price	Fast execution
Limit	Set your price, wait for match	Better prices
Stop-Limit	Triggers at set price	Risk management
OCO	Take profit + stop loss combo	Automated exits

Binance Fee Structure

Spot trading - 0.1% maker/taker
With BNB - 0.075% (25% discount)
VIP levels - Lower fees based on volume
Withdrawals - Varies by coin and network

Save on Fees

Hold BNB (Binance Coin) in your account and enable "Use BNB for fees" in settings. Automatic 25% discount on all trades.

Binance Earn

Earn passive income on your crypto:

Simple Earn - Flexible or locked savings
Staking - Lock coins to earn rewards
Launchpool - Farm new tokens
Dual Investment - Higher yields, more risk

Withdrawal Tips

Use cheapest network (BEP20 often cheapest)
Whitelist addresses for instant withdrawals
Be aware of minimum withdrawal amounts
Check estimated arrival time