Overall Time Estimate
From scratch to successfully buying your first cryptocurrency, it can be as quick as 30 minutes or take up to one or two days. The key factor affecting speed is the identity verification review time.
Step 1: Register an Account (2-3 minutes)
Visit the Binance official site or download the APK to install the app. Enter your email and password to complete registration. This step is very quick -- once you fill in your details and verify your email, your account is created.
Step 2: Complete Identity Verification (5 minutes - 24 hours)
After registration, go to the identity verification page, upload your ID documents, and complete facial recognition. Submitting the materials only takes a few minutes, but review times vary.
Under normal circumstances, approval comes through within a few minutes to an hour. However, during peak registration periods (such as when the market is surging or crashing), review may take 12 to 24 hours.
Pro tip: Submitting your verification during business hours on weekdays typically results in faster review times.
Step 3: Deposit Funds (5-30 minutes)
Once your identity is verified, you can deposit funds. The most common method is buying USDT through P2P (peer-to-peer) trading with fiat currency.
Go to the "Buy Crypto" page, select P2P Trading, choose a suitable merchant, and follow the on-screen instructions to pay via your preferred payment method. Once the merchant confirms receipt of payment, USDT will be released to your account. The entire process usually takes 5 to 30 minutes.
Step 4: Buy Your Target Cryptocurrency with USDT (1 minute)
With USDT in your account, you can head to the spot trading market to buy crypto. Go to the "Trade" page, search for the coin you want to buy (e.g., BTC), select the USDT trading pair, enter the amount you want to buy, and click "Buy."
With a market order, the transaction completes in seconds. With a limit order, you'll need to wait until the price reaches your specified level.
Time Summary for Each Step
| Step | Fastest | Slowest |
|---|---|---|
| Account registration | 2 minutes | 5 minutes |
| Identity verification | 5 minutes | 24 hours |
| P2P deposit | 5 minutes | 30 minutes |
| Spot trading | A few seconds | Depends on limit price |
How to Speed Things Up
Have clear ID photos ready in advance -- using a passport usually gets verified faster than a national ID. Register directly through the mobile app for smoother facial recognition. When depositing via P2P, choose merchants with high online rates and large transaction volumes for faster response times.
Android: direct APK install. iOS: requires overseas Apple ID
Register through our link for automatic fee discounts on every trade