Binance Setup Guide — Step-by-Step Guide & Transcript

[00:00] Look, the clock is ticking fast. The biggest crypto wave is happening. Don't let this massive chance pass. Secure your Binance account today. The first step is to sign up for Binance, so you'll need to go to the Binance homepage. I'll leave a link to Binance in the description below.

[00:17] By using the Binance link below this video, the referral code that saves you 20% on trading fees will be applied automatically, so using this link is very important. Once you arrive at the correct page, click the sign up button on the top right to go straight to the registration page.

[00:32] You can now sign up using either your email or your phone number. The choice is yours. There's something I want to mention here. Signing up with Google, Apple, or Telegram is your choice. But using those methods may prevent you from receiving the fee discount benefits I'll explain later, so I don't recommend them.

[00:51] I'll continue by signing up with my email. Enter the email address you have, then check the Terms of Service box below and proceed. A six-digit verification code will be sent to your email. Check it, enter the code, and you can move to the next step.

[01:04] Now you need to create your password. Your password must be between 8 and 128 characters long and include at least one number and one uppercase letter. Create a password that meets the requirements and continue.

[01:16] Next, you'll be asked whether you want to receive notifications. Choose whichever option you prefer. Your account is now created, and the next step is choosing whether to save on fees. When you see the question, Do you have an inviter?

[01:30] Click Yes. When you click it, a new field will open where you can enter a code. There's something important I want to mention here. If you use the referral code shown in this video, you'll receive a 20% discount on the trading fees you normally pay on Binance.

[01:46] So to receive that 20% discount, all you need to do is enter the code in that field. The code is in the description, or you can use the link there to be redirected automatically. If you plan to trade frequently on Binance, this will save you a significant amount of money.

[02:02] Once you've entered the code and moved on, you'll begin the KYC verification process. So, this step is a mandatory identity verification process required for using exchanges like Binance.

[02:16] Because cryptocurrency can be used for criminal activities, exchanges must verify that you are a safe and legitimate user Therefore this verification exists on every exchange and is required to ensure safe and compliant crypto trading Select the country you live in and then choose one of

[02:33] the available verification methods below. You can choose any option, but in this video, we'll proceed with ID card. After selecting ID card, you will need to upload a photo of your ID or scan it using the QR code. If you already have a photo prepared, you may upload it, but since face

[02:49] verification is also required. Scanning via QR code is recommended. In this video, we'll proceed by scanning the QR code. When you scan the QR code with your phone, it will automatically open the page where you can scan your ID card. Align your ID card within the frame displayed on the screen

[03:06] and take the photo. Make sure all information is clearly visible. If the captured photo looks fine, proceed to the next step. Now you need to take a photo of the backside. Again, if everything looks good, move forward. Next, you will perform face verification. Look at the screen and follow the

[03:23] voice instructions to proceed without issues. Now you must confirm that the information matches your ID. Check that your country, name, birth date, and address match the scanned ID and fill in any

[03:36] missing fields. Next, select your employment status. Choose the option that matches you, and once you proceed, your KYC verification will be completed. The review typically finishes within about 30 minutes.

[03:50] Now let's move on to the final step, setting up your OTP. Setting up OTP increases the security level of your account. If you skip this process, criminals could easily access your assets.

[04:02] So this step is essential for keeping your assets safe. From now on, whenever you log into Binance, you will enter your password and a one-time code from the Google Authenticator app.

[04:14] It's not a difficult process, so let's get started. After logging in, start from the Binance main dashboard. Click the profile icon in the top right corner. Under the Account menu, go to the Security tab.

[04:26] In the Security section, look for Two-Factor Authentication. You can set it up through the Authenticator app option by clicking Manage. Here's something important you should know. Two-factor authentication codes are generated and stored in a mobile app. So you need to download the Google Authenticator app beforehand.

[04:44] Search Google Authenticator in your app store and install it Now back on your PC screen click enable authenticator app First enter the six code sent to your email Next your authenticator QR code and text code will be generated These codes are sensitive security codes so never share them with anyone

[05:04] Now switch to your Google Authenticator app. Tap Add a Code to continue. You can add it by scanning the QR code or entering the code manually. In this video, we'll scan the QR code.

[05:16] Once you scan the QR code, OTP setup is completed automatically, and you will see a code that refreshes every few seconds. Now go back to your PC and click Next. Enter the OTP code shown on your phone before it refreshes.

[05:30] You can now see that your authenticator is successfully registered, and two-factor authentication is complete. Now we will proceed with making a deposit, and I will guide you through the entire process step-by-step.

[05:44] Let's begin from the main screen and follow the process together. From the top left corner, go to the Trade section and then navigate to the P2P menu. In this section, you can perform both buying and selling transactions.

[05:57] To make a purchase, enter the amount you want in the Transaction Amount tab provided on the screen. After setting the amount, you need to choose a payment method on the right side to continue. You must select a payment method that you can actually use so that the deposit process can be completed without any issues.

[06:15] Once the conditions are set, a list of available sellers will be displayed on the screen. For a safe transaction, choose a seller with high trading volume and a high completion rate. Once you find a suitable seller, click the button on the right to proceed with the purchase.

[06:30] Review the seller's details on the left side carefully, and if everything looks fine, click the button below to continue. Now it is time to complete the payment process. Open your banking app based on the selected payment method, verify the seller's information, and transfer the exact amount.

[06:46] After completing the transfer, return to the app and click Upload Payment Proof to proceed. Upload the payment confirmation to the seller, then wait for a short moment until it is processed. If everything is completed correctly, the purchased USDT will be deposited into your account.

[07:02] Now we will learn how to trade futures and go through the process step by step. To start futures trading, you need to transfer your purchased USDT to the futures account. Let's begin from the main screen and follow along together.

[07:16] Click the wallet icon at the top right corner then select Futures On the next screen click the Transfer button on the right side Transfer your USDT from the Spot wallet to the Futures wallet. Enter the amount you want to transfer, then click Confirm to proceed. Once the transfer

[07:33] is completed successfully, move to the Futures trading screen. From the top left menu, select the Futures category to enter the trading screen. This is the main screen where you can perform futures trading. Now let's go over the basic settings for futures trading. First,

[07:49] use the menu on the top left to choose the coin you want to trade. Select the coin you want to trade and proceed. Now check the trading panel on the right side of the screen. Click isolated to

[08:01] set the margin mode for your trade. In isolated mode, only the amount you enter is used as margin. In cross mode, your entire wallet balance is used as margin. For beginners, it is safer to use the

[08:14] isolated mode when starting out. Now we will set the leverage for trading. Leverage allows you to increase your trading position size based on your initial capital. For example, if you set 10x leverage, your position size becomes 10 times your initial amount. If you make a profit, your returns

[08:31] will also increase by the same multiple. However, losses will also increase by the same multiple, so always keep this in mind. Therefore, using leverage above 10x is generally not recommended.

[08:43] Now select the order type you want to use. Limit allows you to place an order at your desired price and wait for execution. Market executes your order instantly at the current market price without delay.

[08:55] Now set your investment amount and proceed with the trading process. Adjust the slider below to set your entry amount for the position. If you expect the price to rise, select the buy long option to open your position.

[09:08] If you expect the price to fall, select the sell short option to enter the trade. You can check your open positions in the positions tab located at the bottom. Entry price is your entry point.

[09:21] Break even price shows your balance point. Mark price indicates market price. Lick price is the liquidation level and P&L shows your current profit. If you want to close your position, select either market or limit on the right side.

[09:35] time to upgrade your trading journey secure a 20% fee cash back and your $600 welcome bonus you would be crazy to overlook these perks hit subscribe and share your thoughts below