How to Register on Binance and Are There Any Fees?

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How to Register on Binance and Is It Free?

If you’re new to cryptocurrency and looking to start trading on Binance, this guide will walk you through the registration process and explain whether it’s free.

1. Binance Registration Process

Step 1: Go to Binance Website

Step 2: Click “Register”

  • On the homepage, click the “Register” button (usually at the top right of the screen).

Step 3: Choose Your Registration Method

  • You can sign up using your email or mobile number.
    • Email: Enter a valid email address and create a strong password.
    • Mobile Number: Enter your phone number and create a password.

Step 4: Verification

  • Email Verification: Binance will send a verification code to your email. Check your inbox and enter the code.
  • Phone Verification: If you used a phone number, you’ll receive a code via SMS. Enter it to confirm.

Step 5: Set Up Security

  • Binance recommends enabling Two-Factor Authentication (2FA) for added security. You can use either Google Authenticator or SMS for this.

Step 6: Complete Identity Verification (KYC)

  • To unlock full trading and withdrawal features, you will need to complete Know Your Customer (KYC). This process involves submitting a photo of your ID and possibly a selfie to confirm your identity.

2. Is Binance Registration Free?

Yes, registration on Binance is completely free. There are no fees associated with creating an account.

However, some other things to keep in mind:

  • Trading Fees: Binance charges a fee when you buy or sell cryptocurrencies. The standard trading fee is 0.10% per transaction, but this can be reduced if you hold Binance Coin (BNB) or trade in higher volumes.
  • Deposit/Withdrawal Fees: Depositing cryptocurrencies is generally free, but there are withdrawal fees depending on the coin you are withdrawing. For example, Bitcoin withdrawals may have a network fee.

Conclusion

  • Binance registration is free.
  • The main fees are related to trading and withdrawals, not account creation.