Binance is the world's largest cryptocurrency exchange — and the best platform to start your crypto journey. Whether you want to buy Bitcoin, trade altcoins, or open leveraged futures positions, Binance has everything in one place.
This guide walks you through every single step from zero — registration, KYC, depositing funds, spot trading, futures trading, setting take profit and stop loss, and closing positions safely.
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→ Register on Binance with Discount: binance.com/register?ref=NWGSK0MI
1
Create Your Binance Account
Go to binance.com/register (use this link to get your fee discount automatically applied).
- Enter your email address or phone number
- Set a strong password (min 8 chars, mix upper/lower/numbers/symbols)
- Enter the referral code if it's not pre-filled:
NWGSK0MI - Tick the Terms of Service box and click "Create Personal Account"
- Check your email for the 6-digit verification code and enter it
💡 Tip: Use a dedicated email address just for Binance. Never share your password. Enable 2FA immediately after registration.
2
Complete KYC Identity Verification
KYC (Know Your Customer) is required to unlock full trading limits, deposits, and withdrawals. Without it, your account is restricted to a low deposit cap.
- Go to Profile → Identification
- Select your country of residence
- Choose ID type: Passport, National ID, or Driver's License
- Upload front and back of your document
- Take a selfie (face check) — Binance's AI processes it automatically
- Wait 1–10 minutes for approval (sometimes up to 24h in busy periods)
⚠ Important: Your name on Binance must exactly match your ID document. Mismatches cause verification failure.
KYC Levels & Limits
| Level | Verification | Daily Withdrawal Limit |
|---|---|---|
| Level 1 | Email only | $0 — No withdrawal |
| Level 2 | ID + Selfie | $200,000 / day |
| Level 3 | Address proof | Unlimited |
3
Enable Two-Factor Authentication (2FA)
Before depositing any money, secure your account with 2FA. This is the single most important security step.
- Go to Profile → Security → Two-Factor Authentication
- Choose Authenticator App (Google Authenticator or Authy — recommended)
- Scan the QR code with your authenticator app
- Save the backup key offline — if you lose your phone, you'll need it
- Enter the 6-digit code to confirm activation
🚨 Never share: Your password, 2FA code, or recovery phrase with anyone — not even "Binance support." Binance will never ask for these.
4
Deposit Funds into Binance
There are multiple ways to fund your Binance account. Choose the method that works best in your region:
Bank Transfer
Deposit fiat currency (USD, EUR, etc.) directly via bank transfer. Takes 1–3 business days.
✅ Low fees (~0.1%)
Credit/Debit Card
Instant purchase of crypto using Visa/Mastercard. Fastest method but higher fees.
⚠ Fees: 1.8–3.5%
P2P Trading
Buy USDT directly from other users using local payment methods (PayPal, bank transfer, etc.).
✅ Zero platform fee
Crypto Deposit
Send crypto you already own from another wallet or exchange to your Binance address.
✅ Network fee only
💡 Recommended for beginners: Use P2P Trading to buy USDT (Tether) with local currency — zero platform fees, instant settlement, and USDT is the most stable coin for starting out.
How to Deposit Crypto (Step by step)
- Go to Wallet → Fiat and Spot
- Click "Deposit" next to the coin you want to receive (e.g., USDT)
- Select the network (for USDT: TRC20 is cheapest, ERC20 is most compatible)
- Copy your deposit address
- Send from your other wallet/exchange to this address using the same network
⚠ Critical: Always match the network on both sending and receiving sides. Sending USDT on ERC20 to a TRC20 address = permanent loss of funds.
5
Spot Trading — Buy and Sell Crypto
Spot trading is the simplest form of crypto trading — you buy a coin and own it outright. If you buy 1 ETH at $3,000, you own 1 ETH until you sell it.
How to Buy a Coin on Spot
- Click Trade → Spot in the top menu
- Search for the pair you want (e.g., BTCUSDT, ETHUSDT)
- On the right panel, select Buy
- Choose order type:
- Market order — buys instantly at current price (easiest for beginners)
- Limit order — sets your target price, fills when price reaches it
- Enter the amount in USDT you want to spend
- Click "Buy BTC" — confirm the order
How to Sell on Spot
- Go back to the same trading pair (e.g., BTCUSDT)
- Select Sell on the right panel
- Enter the amount of BTC to sell (or click 100% to sell all)
- Set your limit price (your target) or use Market for instant sale
- Click "Sell BTC"
💡 Pro tip: Start with a small amount (e.g., $20–$50) to learn the interface before committing larger funds.
Spot vs Futures: Key Differences
Before moving to Binance Futures, understand the fundamental difference between the two trading modes:
| Feature | Spot Trading | Futures Trading |
|---|---|---|
| Ownership | You own the coin | You trade a contract (no coin ownership) |
| Leverage | No leverage (1:1) | Up to 125x leverage |
| Profit from drops | No (must buy first) | Yes — Short positions |
| Risk | Low (can't lose more than invested) | High (liquidation risk) |
| Fees | 0.1% taker/maker | 0.02% maker / 0.05% taker |
| Best for | Long-term holders, beginners | Active traders, signal-based trading |
| With BeforePump | Good for swing signals | ✅ Ideal — all signals include TP/SL |
6
Transfer Funds to Futures Wallet
Binance keeps your Spot wallet and Futures wallet separate. You must transfer funds before you can open futures positions.
- Go to Wallet → Futures (or click "Futures" in the top menu)
- Click "Transfer" button
- Select direction: Spot → USD-M Futures
- Enter the USDT amount to transfer (e.g., $100)
- Click Confirm — funds appear instantly
ℹ️ USD-M vs COIN-M: Use USD-M Futures — it's settled in USDT (stablecoin), easier to calculate P&L, and the standard for most traders. COIN-M is settled in the underlying coin and more complex.
7
Set Up Futures — Leverage & Margin Type
Before opening your first futures position, configure two critical settings:
Leverage
Click the leverage button (shows "20x" by default) on the Futures trading screen. A slider appears — drag it to your desired multiplier.
| Leverage | Capital Required | Liquidation Distance | Recommended For |
|---|---|---|---|
| 2x–5x | 50%–20% of position | Large (40%+) | Beginners |
| 10x | 10% of position | ~9% movement | Intermediate |
| 20x | 5% of position | ~4.5% movement | Experienced only |
| 50x–125x | <2% | Minutes from liquidation | 🚨 Not recommended |
Margin Type
- Isolated Margin — Only the margin for that specific trade is at risk. If liquidated, you lose only that amount. Recommended for beginners.
- Cross Margin — Your entire futures wallet balance backs the trade. Can avoid liquidation longer, but risks entire wallet.
✅ Start with: Isolated margin + 5x leverage. This limits your max loss to the margin you allocate to that one trade.
8
Open a Futures Trade (Long or Short)
On the Futures screen, search for your coin pair (e.g., SUIUSDT) and set up your order:
| Direction | When to Use | Profit When | Loss When |
|---|---|---|---|
| 📈 Long | You expect price to rise | Price goes UP ↑ | Price goes DOWN ↓ |
| 📉 Short | You expect price to fall | Price goes DOWN ↓ | Price goes UP ↑ |
Order Types
- Market Order: Executes immediately at current market price. Use when speed matters.
- Limit Order: Sets a specific entry price. Only fills when price reaches your target. Better for precise entries.
- Stop-Limit: Triggers a limit order when a price level is hit. Used for breakout entries.
📋 Example Futures Order — SUIUSDT Long
PairSUIUSDT
DirectionLONG ↑
Order TypeLimit
Entry Price$0.8420
Position Size$100 USDT
Leverage5x
Notional Value$500
Est. Fee (0.05%)$0.25
Liquidation Price~$0.6720
9
Set Take Profit & Stop Loss
This is the most important step for protecting your capital. A trade without a stop loss is a gamble, not a strategy.
How to Set TP/SL After Opening a Position:
- Go to the Positions tab at the bottom of the Futures screen
- Find your open position and click the "TP/SL" button
- In the popup:
- Take Profit Price: The price where you want to lock in your gains
- Stop Loss Price: The price where the trade automatically closes to limit your loss
- For TP: use Limit order (exact price)
- For SL: use Stop-Market order (fills immediately when triggered)
- Click Confirm
📊 TP/SL Visual Example — SUIUSDT Long @ $0.8420
TP3
$0.9800
+16.4% 🎯
TP2
$0.9200
+9.3% ✅
TP1
$0.8820
+4.7% ✅
ENTRY
$0.8420
Entry price
SL
$0.8050
-4.4% 🛑
💡 Risk/Reward Rule: Always aim for a minimum 1:2 risk-to-reward ratio — if your stop loss is 4%, your take profit should be at least 8%. This way, even if only 40% of your trades win, you're profitable overall.
10
Close a Futures Trade
Your position closes automatically when TP or SL is hit. But you can also close manually at any time:
- Go to the Positions tab
- Click "Close All" or "Market" next to your position
- Or: Place a Limit Close order at your target price
- Partial close: Enter a percentage (e.g., close 50% at TP1, let the rest run to TP2)
⚠ Never add to a losing position (called "averaging down" with leverage). On futures, losses compound — always let your stop loss do its job.
How BeforePump Makes Binance Trading Easier
Using BeforePump signals, you don't need to figure out entry, TP, and SL yourself — every signal comes with the exact numbers to enter into Binance.
SUIUSDT LONG ↑
Entry
$0.8420
TP1
$0.8820
TP2
$0.9200
TP3
$0.9800
Stop Loss
$0.8050
Leverage
5x–10x
RSI (4h)
42 — Oversold
Volume
3.8x avg
You simply copy these numbers into Binance: set the limit entry at $0.8420, TP at $0.9200, SL at $0.8050. Done.
Safety Tips for Binance Beginners
Always Use 2FA
Enable Google Authenticator. Never rely on SMS 2FA — it's vulnerable to SIM swap attacks.
Start Small
Start with $50–$100. Learn the platform before committing large capital. Mistakes are tuition.
Always Set Stop Loss
Every futures trade needs a stop loss. A 5% loss is recoverable — a liquidation wipes 100%.
Beware of Scams
Binance never contacts you via Telegram. Never click links from "Binance support" DMs.
Low Leverage to Start
Use 2x–5x leverage until you're comfortable. High leverage is for experienced traders only.
Keep Learning
Frequently Asked Questions
Yes — Binance is the world's largest crypto exchange (290M+ users), operating since 2017. It stores most funds in cold wallets, supports 2FA, and maintains a SAFU insurance fund. Start with spot trading and small amounts before using futures.
You can start with as little as $10 on spot trading. For futures, the minimum is about $5–$20 depending on leverage. Most traders recommend $100–$200 to manage risk properly.
Spot trading means you buy and own the actual coin. Futures use leverage — you control a larger position with a smaller deposit. You can profit from both rising (Long) and falling (Short) prices. Futures carry higher risk and can liquidate your position if price moves against you.
After opening a position, go to the Positions tab at the bottom of the Futures screen. Click the TP/SL button next to your open trade. Enter your Take Profit price and Stop Loss price, choose the order type (Limit for TP and Stop-Market for SL), then confirm.
BeforePump scans 200+ Binance Futures pairs using 14 technical indicators and sends alerts before price pumps. Every signal includes entry price, Take Profit targets (TP1/TP2/TP3), and Stop Loss — the exact numbers you need to set up a trade on Binance without guesswork.
Ready to Start? Get Your Binance Account + Smart Signals
Open your free Binance account with our referral link (20% fee discount), then pair it with BeforePump signals to know exactly when to trade and what numbers to enter.