How to Use Binance Exchange: Complete Guide from Registration to First Trade

What Is "Bian" Exchange?

"Bian" is simply another way people refer to "Binance" — the world's largest cryptocurrency exchange, founded in 2017, with over 200 million registered users and 600+ supported cryptocurrencies. If this is your first time, this article guides you step by step. Register on Binance to create your account with new user fee discounts. Also download the Binance APP for mobile convenience.

Step 1: Register

Use email (international email like Gmail recommended) or phone. Enter email → set password (8+ chars with mixed case and numbers) → complete CAPTCHA → verify email code. Done in under 3 minutes.

Step 2: Identity Verification (KYC)

Prepare ID card and camera-equipped phone. Select document type → photograph front and back → face recognition → wait for review (minutes to hours). Tips: good lighting, full document visible, remove glasses.

Step 3: Deposit

P2P is most common: APP → Buy Crypto → P2P → buy USDT → choose payment method → select seller → enter amount → pay → wait for release. Choose high-completion, high-order merchants. Start with 500 CNY.

Step 4: Start Trading

Spot trading: Trade → Spot → search coin (e.g., BTC) → select pair (BTC/USDT) → Buy → enter amount → confirm. Market orders for instant execution, limit orders for target prices.

Understanding the interface: K-line chart (price history), order book (current buy/sell orders), recent trades, depth chart.

Step 5: Check Assets

Assets page shows all holdings, valuations, P&L, and trade history.

Key Features

P2P (fiat gateway), Flash Swap (quick conversion), Binance Earn (interest on idle crypto), Futures (leveraged, high risk), Launchpad (new token launches).

Common Beginner Mistakes

Chasing pumps/panic selling, going all-in on one coin, overtrading (fees add up), neglecting security settings.

Conclusion

The Binance exchange flow is clear: Register → Verify → Deposit → Trade. As the world's largest exchange, its core operations are straightforward despite many features. Master P2P deposits and spot trading to get started. Two principles: set up security properly, and only invest spare money.