done-for-you step-by-step wealth guide: guide 2 2

2 DONE-FOR-YOU STEP-BY-STEP WEALTH GUIDE: GUIDE 2

DONE-FOR-YOU STEP-BY-STEP WEALTH GUIDE

GUIDE 2: USING BINANCE


CONTENTS

INTRODUCTION ..................................................................................................................................................................... 4

CREATING YOUR BINANCE ACCOUNT ......................................................................................................................... 5

STEP 1: NAVIGATING TO THE CORRECT WEBSITE .......................................................................................................... 5

STEP 2: INITIATING THE REGISTRATION PROCESS .......................................................................................................... 6

STEP 3: ACCOUNT INFO............................................................................................................................................................. 6

STEP 4: 2FA AUTHENTICATION ................................................................................................................................................. 7

STEP 5: CONGRATULATIONS! ................................................................................................................................................... 7

VERIFYING AND SECURING YOUR ACCOUNT ........................................................................................................... 8

GOOGLE AUTHENTICATION ..................................................................................................................................................... 8

SMS AUTHENTICATION ............................................................................................................................................................... 11

PERSONAL IDENTIFICATION .................................................................................................................................................... 12

FUNDING YOUR ACCOUNT ............................................................................................................................................ 14

BUYING, SELLING, TRADING ........................................................................................................................................... 16


INTRODUCTION Binance is one of the largest and most popular Crypto Exchanges that exists. Today we will be walking you through step by step on how to set up your very own Binance account, how to enable the most trusted security features available today, how to send, receive and trade cryptos as well.


CREATING YOUR BINANCE ACCOUNT STEP 1: NAVIGATING TO THE CORRECT WEBSITE If you are located outside of the US Navigate to: https://www.binance.com/en

If you are located in the US Navigate to: https://www.binance.us/

There was only One Binance platform until in 2019 they decided to restrict access to all US customers due to US Investing laws like KYC (know your client) which requires investors to fill out a profile questionnaire answering questions like your age, net worth, how much you plan to invest, your “Source of funds” or where the money you are investing came from and so on. Most, if not all, Crypto investors felt that by providing this information, it went against went one of the most prominent features of Crypto’s, which is to remain anonymous. Instead of having to completely change their site requirements to comply with US laws, which would have upset every client that did not reside in the US; Binance decided to shut its doors to all US customers, allowing existing US customers to transfer all assets out, and restrict new US customers from signing up. Fortunately, soon after, Binance Opened a new site just for US customers. Hence Binance.us

https://www.binance.com/en

https://www.binance.us/


STEP 2: INITIATING THE REGISTRATION PROCESS Regardless if you are located outside or inside the US. The landing pages should be similar. Confirm that you are on the correct, secured website by verifying the web address to the far left. Finally, to the far right click on “Register”

STEP 3: ACCOUNT INFO

This page will prompt you for an email address, password, and a Referral ID if you have one.

After reading and agreeing with the Binance Terms of Use, check the I am over 18 years and agree box and then click Create account.


STEP 4: 2FA AUTHENTICATION

After clicking “Create Account,” Binance will allow you to establish 2FAC on your account immediately. 2FA or 2-factor authentications is a second layer of security on your account that requires permission from an app installed on your phone to access Binance along with your regular Binance Credentials.

STEP 5: CONGRATULATIONS! Welcome to Binance! You have successfully registered, and now have access to a Crypto Exchange! You are just stepping away from placing your first trade, or transaction.


VERIFYING AND SECURING YOUR ACCOUNT Congratulations again! You have been successful in establishing your very own Binance account. At this point, you are probably more than ready to place your first trade, or even send/receive Cryptos. But before you can process any transaction, Binance has to Verify that you are who you really say you are!

If you did not take the chance to establish 2FA on your account, let’s take care of that right now. It can be done in just a few clicks and through multiple methods.

Once you Log in, you will be greeted with this message.

GOOGLE AUTHENTICATION Should you choose to go with Googles 2FA security, Select the first option


The next step is to download the Google Authenticator via App or Google Play store. Once this has been done Click “Next” at the bottom right-hand corner of the screen

Once you have installed the Google Authenticator App, go ahead and open it and navigate to the QR Scan Option. Face your phone's camera towards your computer screen and attempt to capture the QR Code. If, for some reason, you are unable to capture the

QR code, you can always enter it manually on your phone.


Step 3 will be providing you with your Backup Key in case you should lose access to your phone. Once you have copied and safely stored this password, you can click next

The final step will require you to be entirely your Google Authenticator Password, and current code that is displayed on your phone. Once the correct information has been provided, click submit and this will complete the process of enabling your Google 2FA for your account.


SMS AUTHENTICATION The SMS authentication method is a shorter process than Google’s 2FA. This process can be initiated by clicking the 2nd option “SMS Authentication”

The next step is straight forward. Once the subsequent screen loads, you will be asked for your country code and phone number. Once you have the correct information entered and have access to your cell phone, hit the yellow “Send SMS” button. Binance will text you an Authentication Code. Once you receive it, enter the “SMS Authentication Code” Field and then press “Enable SMS authenticator” at the very bottom of the screen. If the information entered was correct, Your SMS authenticator would now be activated.


PERSONAL IDENTIFICATION Now that we have gone the extra mile to ensure the safety of our account, we can feel that much safer when depositing, sending, receiving, and trading Cryptos through Binance. However, before we can execute any Crypto Transaction on Binance, we need to provide Basic Verification.

There are 3 levels of Personal Verification that one has on Binance which are:

1. Basic Verification - Deposit and withdraw Cryptos. Withdraw up to $5,000 worth of Crypto Daily, and trade Crypto-Crypto pairs (Basic Identity and Address Information)

2. Advanced Verification - To withdraw up to $10,000+ worth of Crypto daily, the Advanced verification is required. (Proof of address, and Government ID)

3. Fiat Account Verification - Deposit and withdraw US, Trade Fiat-Crypto pairs (Brief prime trust questionnaire)

Once you log in and land on your dashboard, click on your Security tab. Below you will see where your 2FA has been enabled. Right beside it, click on “Verify Identity.”


The next landing page will look like this below. This is required for Level 1 or "Basic Verification." This is also all that is needed to begin trading, sending, and receiving cryptos, which is our goal for now.

Once you have provided the correct information for each field, click submit at the very bottom right corner of your screen. You will know almost instantly if your information was accepted or rejected. If approved, congratulations, you are now ready to buy, sell, send, and receive cryptos!


FUNDING YOUR ACCOUNT Now that is account has been secured and verified; we can now deposit Crypto’s into our wallets to begin trading. For This example, we will be depositing Bitcoin or BTC into our Binance BTC wallet.

1. After logging in to Binance, look toward the top right of the page and look for a “funds” drop-down tab. Select the first option, “Deposits/Withdrawals.”


2. The next landing page will allow us to search for the specific crypto we wish to deposit onto Binance. Since we will be depositing BTC, in the search field on the far left of the screen, enter Bitcoin

3. Once BTC appears, to the far right you should have a “Deposit” Button. Clicking on this will display our BTC address. This iswhere we will send BTC to from another exchange or wallet

At this point, if we wanted to send Bitcoin out of our wallet, we would click “Withdrawal” and then enter the amount of BTC and which address to send it to.


BUYING, SELLING, TRADING Look at you! You have your own Crypto trading account, you have secured it, verified it, funded it, and now you are ready to trade! We know how exciting this can be, and how anxious it can make you, so no need to prolong the process any further!

1. After logging into Binance, at the top left-hand side of your screen, beside the Binance logo, you should see an “Exchange” drop-down menu. “Basic” and “Advance” should be the two options. Choose Basic for now.


2. The next landing page will take you directly into the actual trading platform. By default, it should land on BTC/USDT or EUR pair. In the middle of the screen, the BTC chart will be displayed, and right below it, the options to place a buy and place a sell.


3. There are three fields that you will have to attend to place a buy. The Price, Amount, and Total area. Right above these fields will be your total USD balance available.

4. Bitcoin was trading around $7,299.63; if we were ok with purchasing Bitcoin at this price, we would move to the next field “Amount” and enter the amount of Bitcoin we wanted to buy. As an example, we entered the amount of “2” Bitcoin and then press tab. This caused the total to autofill

5. If we had $14,599.26 available in our USD balance, then we could go ahead and press Buy BTC and this trade would placed and filled once a seller of the 2 Bitcoin for $7,299.63 was found


6. The exact same steps would be taken to place a sell

7. If we wanted to place a sell for 2 Bitcoin or BTC at $7,299.63. We would first set the price, then the amount field and hit tab, which would autofill the total. If all looked correct, we could then hit “Sell BTC”

We have successfully placed our first primary buy and sells. Another method many traders use to purchase or sell Crypto’s once it hits a certain price level is a “Stop-Limit” order.

Think of your “Stop” as your “trigger” price. Once a Crypto hits this price level, you want to start to purchase shares. The “Limit” is the price you would want to purchase the shares at; amount would be the total amount of BTC you wish to purchase. The total would be the total amount of the trade.


In our previous example, Bitcoin was trading around $7,300. On this example, we have set a Stop or trigger price of $8,000 and a limit of $8,250 for a total of 2 Bitcoin that would equal a total trade in the amount of $16,500

We have successfully placed our first primary buy and sells. Another method many traders use to purchase or sell Crypto’s once it hits a certain price level is a “Stop-Limit” order.

Think of your “Stop” as your “trigger” price. Once a Crypto hits this price level, you want to start to purchase shares. The “Limit” is the price you would want to purchase the shares at; amount would be the total amount of BTC you wish to purchase. The total would be the total amount of the trade.

In our previous example, Bitcoin was trading around $7,300. On this example, we have set a Stop or trigger price of $8,000 and a limit of $8,250 for a total of 2 Bitcoin that would equal a total trade in the amount of $16,500


This is saying that once the price of Bitcoin hits $8,000, we are willing to enter the market and pay up to $8,250 per Bitcoin for two total Bitcoin equalling $16,500.

The sell works the same way. In this example, BTC is still trading around $7,300. We are worried about the price dropping below $7,000, so we have a stop or trigger price set at $7,200 and the limit or sell in place to execute at $7,000 for two complete bitcoin equalling a total liquidation of $14,000.

Congratulations! You have now successfully registered for your own Binance account and learned how to become an active trader!

done-for-you step-by-step wealth guide: guide 2 2

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