Binance Exchange

Binance Exchange is the world’s largest exchange in terms of the daily trading volume of cryptocurrencies. It hosts over 600+ cryptocurrencies as a means of buying, selling, and trading.

Download and install the Binance Exchange. (Download)

The entire process involves 6 steps:

I. Registration of Account

Open the Binance application.

Registration of account can be done via three methods:

1. Using Phone Number

Tap Sign up with phone or email.

Choose the country code.
Enter the phone number.
Set a password.
Enter Referral ID, if any.
Put a check against the T&C and Privacy Policy.
Tap Create Account.

Slide down the puzzle to complete Security Verification, if asked.

A verification code will be sent to the entered phone number.

Enter the code.
Tap Submit.

2. Using Email Address

Tap Sign up with phone or email.

Enter a valid email.
Set a password.
Enter Referral ID, if any.
Put a check against the T&C and Privacy Policy.
Tap Create Account.

Slide down the puzzle to complete Security Verification, if asked.

A verification code will be sent to the entered email address.

Enter the code.
Tap Submit.

3. Using Google Account

Tap Continue with Google.

Choose an account from the listed accounts. (opt for Add another account if no suitable account has already been listed)

Read the contents of 'Terms and Conditions.'

Tap Agree and share.
Put a check against the T&C and Privacy Policy.
Enter the Referral ID, if any.
Tap Confirm.

Click Verify Now to proceed with the next Verification process.

II. Personal Verification Process

1. Verification of ‘Country of Residence'

Tap the downward arrow.
Search for the country name.
Choose your country.
Press Continue.

2. Verification of 'Identity Information'

Choose Nationality.

Enter the required details:
1. Full Name/First Name
2. Last Name
3. Middle Name
4. Date of Birth

NOTE: Name and DOB should be the same as on the official documents.

If found erroneous, further KYC process will be rejected and the account will not be verified.

Tap Continue.

3. Verification of 'Additional Information'

Enter the required details:
1. Residential Address
2. Pin/Postal Code
3. City
4. Add the rest details, if asked for any.
Tap Continue.

Details will be added and KYC process will start for authentication of the user.

III. Identity Verification Process (KYC)

1. Verification of official documents

This process requires an official government-issued document - National ID, Passport, or Driver’s License.

Select the country/region (where the document was issued).
Choose an appropriate option as per the government-issued document. (National ID Card/Passport/Driver’s License, etc)
Click Continue.

Read the instructions very carefully.

Tap Continue.

Document verification is done by uploading the images.

Click Add.
Press Take photo.

Upload an image of your documents.

NOTE: You will be asked to upload images of the front side and back side of the document in case of National IDs.

Images should be clear. The contents of the image such as name, address, identification code, etc should be visible.

KYC process can get rejected if the uploads are not verifiable.

Tap OK and Continue.

2. Verification via Selfie

This process verifies the identity with the help of an on-spot image of the front face.

Press Take a Selfie.
Capture a clear image.
Click Continue.

NOTE: The selfie must be clear.

Do not wear glasses or any materials that cover the face. No head wears allowed.

The photo must be taken in a well-lit environment.

Verification can be rejected if the selfie is not proper.

3. Facial Verification

This is a live verification of the face.

Read the instructions and click Begin Verification.
Hold the face in frame and follow the instructions mentioned. (blinking, turning the head left or right, etc.)

Verification will be completed shortly.

Tap Close.

The account will be sent for complete verification.

Verification usually takes up to a few hours or 1-2 business days.

After the verification of the account, you may opt for Verified Plus to increase the purchase and trading limits.

This step is not mandatory for regular users.

ENABLE SECURITY FEATURES!

SECURITY!

Go to the ‘profile’ icon - tap ‘Security’ - enable additional security functions (Authenticator App/TEXT message/Email).

IV. Add Payment Methods

Go to profile icon (at the top left corner of the page).

Click Payment Methods.
Press P2P Payment Method(s).
Tap Add a payment method.

Choose from all the payment methods available:
1. Paytm
2. IMPS
3. UPI
4. Bank Transfer
Enter the details for each method accordingly and tap Confirm.
Press All Payment Methods to browse through different gateways available. (For example - Google Pay (GPay) and Apple Pay are listed in ‘All Payment Methods.’)

After adding at least one of the payment methods, the account becomes eligible for P2P transfers.

Note that specific payment methods vary from seller to seller as per need.

V. Purchase of BNB/BUSD

1. Using Bank Card

Press the exchange icon.

Tap Deposit.
Search and choose the country's currency.
Select Bank Card (Visa/Master Card). (You may opt for Other Methods, if suitable.)
Press Continue.

Enter the amount (of fiat currency, for which you wish to purchase BNB/BUSD).
Tap Add New Card.
Enter the required Card details:
1. Name
2. Card number
3. Expiry date
4. CVV
Press Next and Continue.

A Confirm Order will be placed.

Put a check beside the T&C and Privacy Policy.
Tap Confirm.

After confirmation, the crypto amount will be credited to your spot wallet of BNB/BUSD in Binance exchange wallet.

NOTE: This method might ask for additional Security methods.

Enable the email, phone number and authenticator feature from Security settings in profile (as per the steps mentioned above - SECURITY!).

2. Using P2P (Peer-to-Peer Transfer)

Press the exchange icon.

Tap Buy.
Choose the cryptocurrency - BNB or BUSD.

Enter the amount (of fiat money for which you wish to buy BNB/BUSD or the corresponding amount of BNB/BUSD directly).
Click Buy BNB/BUSD.
Choose a payment method (added as per step IV).
Press Confirm.

Order will be created and matched with a seller shortly.

Check the details of the seller.

Chat with the seller, if required for authenticity or conditions.

Press Make Payment.
Details of the seller will appear as per the chosen payment method. (UPI, IMPS or Bank Transfer details of the seller).
1. Keep the Binance screen running in the background.
2. Switch to your respective payment platform (UPI payment app or Bank app).
3. Pay the designated amount at the details of seller shown in Binance app.
4. After successful payment, revert to Binance.
Press Transferred, notify seller.

Approve the ‘Payment Confirmation’ by pressing I Have Transferred.

This step should be done only after a confirmation that the payment has been done.

Failing to do so can result in discrepencies and accountability.

Put a check against the confirmation.
Press Confirm payment.

After confirmation from the seller, the crypto amount will be sent to your spot wallet of BNB/BUSD in Binance exchange wallet.

You will be notified of the crypto credit through App notifications.

NOTE: Release of crypto can take time, if not credited within the displayed time limit, request for an Appeal.

Congratulations! The purchase of cryptocurrency has been done successfully.

VI. Withdraw BNB/BUSD to personal wallet

Go to wallet icon (at bottom right of the page).

Click on BNB/BUSD.
Press Withdrawal.

Enter the receiving address of your personal wallet.

Make sure it is a BSC BEP-20 wallet address starting with - '0x...'

Once a transaction has been sent to the wrong wallet address, it cannot be retrieved.

Select BNB Smart Chain (BEP-20) Network (if not detected already).
Enter the Amount (within the decided limits).
Tap on Withdrawal.
Confirm the order by pressing Confirm button.

Pass the 'Risk Warning' by clicking Verify Now.

This step may or may not be asked. If asked, thoroughly read the security questions and answer accordingly.

Complete the Verification.

Tap Send Code.
1. Enter the code sent to your registered phone number (if added as per Security steps).
2. Enter the code sent to your registered email address (if added as per Security steps).
3. Enter the verification code from Google Authenticator App (if added as per Security steps).
Press Submit.