What is Binance? How to create an account on Binance Various info Studytoper

Ashok Nayak

What is Binance? How to create an account on Binance

Those who have even a little knowledge about cryptocurrency, they will definitely know about Binance. But if you are new to this field, and want to know what is Binance and how to create an account on Binance, then definitely read this post completely.

What is Binance? How to create an account on Binance

For a few years now, there has been a lot of enthusiasm among people about cryptocurrency. Where everyone wants to earn money by investing in cryptocurrency. But whatever currency is here, it is a virtual currency, which you can see but cannot touch. Therefore, to invest money in cryptocurrency, you have to take the help of exchange like Binance. So friends what is Binance in today's post? And let's know step by step how to create an account on Binance.

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Binance is the largest crypto exchange in the world, which works on its own blockchain. It started in the Cayman Islands in 2015. With the help of this exchange, you can trade and exchange one coin for another.

For example, if you have bitcoin, and you want to invest in Ethereum, you will need to exchange the coin by trading BTC to ETH on Binance. Similarly, you can exchange any coin by trading it with the help of Binance exchange.

Binance exchange also lets you do peer-to-peer trending (P2P). Where you can buy and sell any coin. If you have 2 thousand bitcoins, and you want to convert it to INR and send it to your bank account, then for that you need to take the help of p2p trading.

But to do all this work you will need a Binance account. So let's know how to create a Binance account step by step.

How to create an account on Binance

You need to have an email id or mobile number to create an account on Binance. If you have both these things available then follow the steps given below.

Step 1. First of all, you have to search Binance on Google and open its official website, where you have to click on the Register option at the top.

Step 2. After that, you have to enter the email id number and password here and click on the option of creating an account.

Step 3. Now a verification code will be sent to your email id, which you have to verify by entering it here.

After doing this, your Binance account will be created, nowhere you can easily trade bitcoin or any cryptocurrency.

So, friends, I hope you liked the post on what is Binance and how to create an account on Binance, if there is any problem related to this post, then definitely tell in the comment below.

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