This is an easy guide for anyone new to Binance, the app for buying and selling cryptocurrencies like Bitcoin. We’ll cover making an account, adding money, selling crypto, investing, and setting up a wallet. Use only the official Binance app (from App Store or Google Play) or binance.com. Always turn on extra security (2FA). Some countries can’t use Binance, so check first.
1. Make a Binance Account
What to Do:
1. Download the Binance app or go to binance.com.
2. Tap Sign Up > Use your email or phone number.
3. Type your email/phone and a password (make it tough, like “Sunny123!@#”).
4. Binance sends a code to your email/phone. Type it in.
5. Verify who you are: Go to Profile > Verify > Take a photo of your ID (like a driver’s license) and a selfie. Wait a few hours for approval.
6. Add security: Go to Profile > Security > Set up Google Authenticator (scan a code with the app).
Tip: Keep your password safe!
2. Add Money to Binance
What to Do (Using Bank – Cheapest):
1. Open app > Tap Wallet > Deposit.
2. Pick your money (like USD or EUR).
3. Choose Bank Transfer > Add your bank details > Type how much (at least $10).
4. Send money from your bank. It takes 1-3 days to show up.
What to Do (Send Crypto):
1. Tap Wallet > Deposit > Pick crypto (like Bitcoin).
2. Copy the wallet address (or scan QR code).
3. Send crypto from another app (like Coinbase). It takes 5-30 minutes.
Tip: Try a small amount first, like $20.
3. Sell Crypto
What to Do:
1. Open app > Tap Trade > Convert (super easy).
2. Pick what to sell (like Bitcoin to USD).
3. Type how much to sell > Tap Sell (it happens instantly).
4. Money goes to your Binance wallet.
5. Get cash to bank: Wallet > Withdraw > Pick USD > Add bank details > Send (takes 1-3 days).
Tip: Sell when prices are high!
4. Invest in Crypto
What to Do:
1. Add money (see step 2).
2. Tap Buy Crypto > Pick something (like Bitcoin or Ethereum).
3. Type how much to buy > Tap Buy (instant).
4. To earn extra: Tap Earn > Simple Earn> Pick your crypto > Choose “Flexible” (take out anytime) > Tap Start.
Tip: Only use money you’re okay losing. Start with $10-50.
5. Set Up a Binance Wallet
What to Do:
1. Open app > Tap Wallet > Web3.
2. Tap Create Wallet > Make a password.
3. Write down the 12-word “recovery phrase” on paper (super important, don’t share!).
4. Type the words to confirm > Wallet is ready.
5. Move crypto: Wallet > Transfer from main Binance to Web3 wallet.
Tip: Hide your recovery phrase in a safe place.
Easy Tips:
– Always use the real Binance app or website.
– Crypto can lose value, so be careful.
– Look at Binance’s Help Center for pictures of every step.
– Ask Binance’s 24/7 chat if stuck.
You’re ready to start! Go slow and have fun. Do follow me https://medium.com/@raoprakrithi
