Binance Exchange
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Last updated
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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.
The entire process involves 6 steps:
Open the Binance application.
Registration of account can be done via three methods:
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.
A verification code will be sent to the entered phone number.
Enter the code.
Tap Submit.
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.
A verification code will be sent to the entered email address.
Enter the code.
Tap Submit.
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.
Tap the downward arrow.
Search for the country name.
Choose your country.
Press Continue.
Choose Nationality.
Enter the required details:
Full Name/First Name
Last Name
Middle Name
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.
Enter the required details:
Residential Address
Pin/Postal Code
City
Add the rest details, if asked for any.
Tap Continue.
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.
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.
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.
Go to the ‘profile’ icon - tap ‘Security’ - enable additional security functions (Authenticator App/TEXT message/Email).
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:
Paytm
IMPS
UPI
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.’)
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:
Name
Card number
Expiry date
CVV
Press Next and Continue.
A Confirm Order will be placed.
Put a check beside the T&C and Privacy Policy.
Tap Confirm.
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!).
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.
Press Make Payment.
Details of the seller will appear as per the chosen payment method. (UPI, IMPS or Bank Transfer details of the seller).
Keep the Binance screen running in the background.
Switch to your respective payment platform (UPI payment app or Bank app).
Pay the designated amount at the details of seller shown in Binance app.
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.
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.
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.
Complete the Verification.
Press Submit.
Congratulations! The wallet has been funded successfully.
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How does Forsage work? https://support.forsage.io/article/
