Binance Platform Explained: From Registration to Trading

[00:01] of the Binance app after its recent updates, covering everything from registration and account verification to deposits and withdrawals, all the way to trading. The first thing you need to do is download and register for the Binance app using the link in the video description below. You'll also receive a 20% lifetime discount across the entire platform. Once you

[00:15] click the link in the video description, a registration screen will appear. Here, you'll begin the registration process, and it will ask for your email address or phone number. I recommend registering with your phone number as it's much more secure than an email address. However, make sure that the number belongs to you and no

[00:28] one else uses it. Enter your number here, then check this box, and then click here to register. This will take you to a page where you'll enter the code sent to your phone number. Enter the code and click here to continue to create your

[00:42] Binance account password. Then, create your password and click here. Second, continue, and you're now registered. All that's left is to verify your account. We'll go through the verification process because without it, you won't be able to trade, buy, or sell. This step is required to verify

[00:56] your identity in three ways. The first way is to upload your national ID card, passport, or driver's license. On this page, you'll select your country of residence. In the second option, you'll choose the country that issued your ID card, passport, or driver's license. Then, you'll select the type of

[01:09] ID you want to upload. The first option is your national ID card, so click on it. Then click here, and then click here again. Take a photo of the front and back of your ID card. They'll then verify that the ID card matches the person using the application by scanning your face with the front camera. Immediately after, you'll see a

[01:24] your face with the front camera. Immediately after, you'll see a address. Make sure everything is correct, and then click here. This will take you to a page where you can specify your employment status. If you are an employee, freelancer, or student, select your status and click "Continue" here. Then, choose your

[01:39] field of work from this page, or choose anything else and click "Continue" here. That completes your registration and account verification process, which takes approximately 15 minutes. Your account will be verified immediately afterward, and you will be able to buy and sell. Next, download and open the Binance app

[01:54] and log in with the credentials you registered with. The first thing you will do after logging in is change the app language to Arabic in the settings. Simply click here, then click the settings icon here, then click here and

[02:07] select Arabic. From the same settings page, select From the same settings page, select display the price of any currency in USD, such as Bitcoin or Ethereum,

[02:21] or any other currency you see on the platform. You see it and the price in dollars appears next to it. After we chose the main currency for the application, and I advise you of course that it be in dollars and not your local currency. Now we'll go and secure the account, so that no one can

[02:34] access your account in any way and take the money in it, or buy and sell and mess things up for you. This is done by clicking here, then here, then clicking on the word protection here, and securing the account with at least three of the methods that appear in front of you here. After we did

[02:48] all this and secured the account, we will now go and make a deposit so that we can start buying digital currencies or stocks and investing. There are many ways to invest on Binance, most of which I talked about in previous videos, and they are available now on the channel, and you can watch them at any time that you like

[03:02] after you finish this video. Now we will explain how to make a deposit, but before that I should explain something very important to you, which is that there are two types of currencies. Stable base currencies like USDT and USDC. You buy these currencies when you make a deposit on the platform

[03:15] to use them to buy and sell other currencies. They are like your stable money that is on the platform and that you use to buy and sell with it as well. One coin of them is equal to one dollar. The second type is currencies with fluctuating prices, such as Bitcoin,

[03:28] Ethereum, and other alternative cryptocurrencies. These currencies have prices that go up and down, unlike the USDT or USDC, which is worth $1. To buy and sell, we use the first type of currency, USDT and USDC, to purchase

[03:41] other currencies like Bitcoin and Ethereum. When we sell, we sell Bitcoin for stable currencies, which are also USDT and USDC. Now, we'll make a deposit by buying a stable cryptocurrency, USDT or USDC,

[03:54] from another person using our local currency. We'll make the deposit on Binance using the peer-to-peer ( P2P) feature, which is currently the best method available in the Middle East and the Arab world. However, if you're in the UAE or Bahrain, you can make a direct deposit through your bank or

[04:08] using Visa. In short, P2P is a feature that allows you to buy USDT and USDC from another person. The second option for selling cryptocurrency on Binance is to go to the B2B page.

[04:21] Click on "Add Funds" on the main page, then click on the option that says " B2B." This will open the B2B page, where you can deposit USDT or USDDC. First,

[04:34] make sure the currency you're using to buy USDT or USDDC is the currency of your country. You can find this at the top of the page. If you're in Egypt, choose EGP, and if you're in Saudi Arabia, choose SIR. In short, select the currency of your country.

[04:47] Then, ensure you're buying, not selling, as you're making a deposit, not a withdrawal. Select the currency you want to buy ( USDT or USDDC) and scroll down to find the seller. Here, you need to check several things

[05:01] when choosing this person. First, what is the price of USDT or USDDC compared to your local currency? See if this person is selling at a high price. You do this by comparing their price to other people's prices. Of course, the lowest price is always at the top of

[05:15] the page, and the further you scroll, the more expensive the price per USDT or USDDC coin becomes. But be aware that sometimes an advertisement for someone you can buy from appears at the top of the page, but it will be more expensive, as you can see here, because they are advertising to appear at the

[05:29] top. The second thing to look at is the badge next to their name, whether it's bronze, silver, or gold, and the number of transactions they've made and their completion percentage. This shows us that the person we're dealing with is disciplined in their transactions and verified by Binance. The

[05:44] more transactions and the higher the completion percentage ( above 90%), the better. The third thing is... The payment method we'll use to transfer the money to them—is this method suitable for us or not? Each person selects the payment methods they

[05:58] accept here, as you can see. Now, I want to tell you that in the deposit process, you transfer money to the person you choose outside the platform, for example, using a bank or electronic wallets available in your country. You'll choose the person you want to

[06:11] buy from and click "Buy Here." This will take you to the purchase page, where you'll enter the amount you want to buy with, whether it's USDT or USDC. Whether you want to buy 5000 or even 1000, the important thing is that it's more than the merchant's minimum limit. If it's not, look

[06:26] conditions I just mentioned. After you enter the amount you want to buy, click here and choose the payment method you'll transfer the money to. This is assuming they offer more than one payment method. Then, click here to place an order,

[06:38] and the order will be sent to the merchant. From there, you can chat with them and ask about anything you need, such as the number you want to transfer to or your transfer details if they aren't displayed here. After you transfer the money, click here to complete the transfer. Select the seller, and once the

[06:52] USDT or USDC you purchased. They absolutely cannot refuse to release your funds because if they do, and you report them to Binance, their account will be frozen with all the money in it. Of course, no one would risk that, so you can say that this transaction is secure, and Binance guarantees

[07:06] this. After they release your USDT or USDC, the money will be deposited into your wallet in an area called Funding. You'll find Funding or Funding under Assets at the bottom of the homepage, as you can see. In case of Now, to withdraw

[07:19] from the platform, you perform the exact same process, but instead of buying, you click "Sell" on the B2B page. You repeat exactly what you did when buying and depositing, but the difference is that here you're withdrawing. You'll be the one receiving the funds in your local currency outside the platform, and you'll release the

[07:33] currency to the merchant buying from you. You also choose the buyer, just like you did when buying. Of course, you'll need to specify the payment methods the merchant will use to transfer the funds. I want to mention that there are several other withdrawal methods you can use, such as

[07:47] Visa or the Cast app. All these methods are explained in detail in separate videos on my channel, which you can refer to later. The important thing is that after you make a deposit and confirm that the funds have arrived, all that's left is to trade or buy the

[08:00] currencies or stocks you want to invest in. All you have to do is go to the markets from the homepage, and they will appear. This page will take you to a list of dozens of digital currencies that you can buy or trade from here or click here.

[08:14] You will also find dozens of global stocks and funds that you can also buy and trade, or click on the search box above here and write the symbol or name of the currency or stock that you want to trade. Of course, you need to make sure that the stock, fund, or currency is

[08:27] permissible (halal) according to Islamic law (Sharia). To find out, all you have to do is use Nawaa to learn about the rulings on cryptocurrencies. I've left the link in the video description. I also want to clarify that I'm currently explaining spot trading, which is permissible (halal)

[08:41] as long as the currency or stock is permissible (halal). However, trading in futures contracts on the platform is forbidden (haram), so stay away from it completely. And God knows best. For example, I'll search for Bitcoin ( BTC) here and select it. It must be

[08:54] against USDT or USDC if I have USDC, not USDT. After clicking on it, this page will appear, and here you'll find all the data and information related to Bitcoin that will help you in the trading process. You can also use Nawaa for

[09:07] technical analysis of currency trading, whether it's Bitcoin or others. Nawaa has many features; it will help you It analyzes the market situation, provides insights into the cryptocurrency you're interested in, and gives you predictions for the best buying and selling prices, along with

[09:20] many other features. As I mentioned, I've included the link in the video description. Now, to buy Bitcoin, simply click "Buy Here." This will open another page; make sure you're right there. You'll then see an interface where you can

[09:34] buy Bitcoin using your USDT. This page offers several ways to buy Bitcoin. For example, clicking here will bring up a menu with various order types. The first option is "Limit," which

[09:47] means you must specify the Bitcoin price you want to buy at. Once the price reaches that limit, your order will be executed. The second option is "Market," where you buy Bitcoin at the current market price. All these other order types are explained in detail in

[10:01] other videos on my channel, which you can check out. Next, the important thing is that if you're buying at the market price, all you have to do is place the order here indicating the amount you want to buy. But first, make sure your coins are ready to be purchased from your wallet by clicking here and selecting your

[10:15] Instant Account and Funds Account, as your funds might be in either. Then click Confirm, and then enter the amount you want to buy with here. It buys instantly at the current market price within a second of clicking Buy BTC, and the amount of

[10:28] immediately credited to your Instant Wallet. As for selling, all you have to do is click here on the Sell button instead of Buying. Of course, you must be on the trading page for the coin you want to sell. You'll enter the amount of Bitcoin you want to sell here,

[10:40] or you can click and switch to the amount you want to sell in USDT. Then click Sell BTC, and it will be sold at the market price within a second, and you'll find your USDT or USDC funds in your account. Your instant portfolio is on the Assets page, and that's it.