HOW TO SETUP A TRADING ACCOUNT IN BINANCE EXCHANGE (Lecture by @besticonfider) || BY @XKOOL24 by xkool24

View this thread on steempeak.com
· @xkool24 ·
$17.44
HOW TO SETUP A TRADING ACCOUNT IN BINANCE EXCHANGE (Lecture by @besticonfider) || BY @XKOOL24
<div class="text-justify">

<center>**BACKGROUND**</center>

Thank you @steemitblog for putting up this week's homework. It is only just getting better every week as the lectures intensifies but very impactful in all. 
I will want to talk about beginners guide in onboarding of new users or newbies in BINANCE. 
BINANCE is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. In the early quarter of 2018, BINANCE was seen to be the largest cryptocurrency exchange in the world in terms of her trading volume. Moreso, Binance was founded by a developer who was seen to have previously created a high frequency trading software. He is Changpeng Zhao.  


![images.png](https://cdn.steemitimages.com/DQmdzoqPZQT6iBTd3ajiA14vK2FigxYmsjhaoEWtFrZ4fuQ/images.png)
[Source](https://www.google.com/search?q=binance&client=ms-android-hmd-rev2&prmd=niv&sxsrf=ALeKk031SqBoJ6OXG_rRpZ6XbyT3Inc_0A:1613453278972&source=lnms&tbm=isch&sa=X&ved=2ahUKEwjI2Lfs1e3uAhUNO8AKHanzAqkQ_AUoAnoECBsQAg&biw=412&bih=756&dpr=2.63)


![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


**CREATING A BEGINNERS GUIDE USING BINANCE EXCHANGE WALLET ACCOUNT**

![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


Onboarding a new user using the BINANCE WALLET App Is done firstly by downloading this very app from either the Google playstore or iphone Appstore. For the purpose of this guide, I would be using the iphone to demonstrate how an account can be created. 

- Firstly kindly type in BINANCE in your Appstore search area. Kindly click on the ***GET*** icon and proceed to clicking on the ***install*** icon immediately.  This is the pictorial image you will get. 

<div class="pull-left">

![IMG-20210215-WA0018_1.jpg](https://cdn.steemitimages.com/DQmaHHmUAbPm6AD4RSvCuwGVbmrx3DEMerWW4KxHMbLdnge/IMG-20210215-WA0018_1.jpg)

</div>

<div class="pull-right">

![IMG-20210215-WA0017_1.jpg](https://cdn.steemitimages.com/DQmag3R7ABr1r898M2xNU8WQzm2Kfo8z27RYS33GrcktXty/IMG-20210215-WA0017_1.jpg)

</div>


![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


- Immediately after installing, you have the ***REGISTER*** interface displace for the purpose to commence onboarding. Kindly input your email address and password to complete this part and also endeavor to authenticate by inputting the code sent to your email to proceed. 

<div class="pull-left">

![IMG-20210215-WA0015_1.jpg](https://cdn.steemitimages.com/DQmQ2qPWvLdRFEMwWU9DPJDKAxJJaJP3ivXEXMRDKhe5XwH/IMG-20210215-WA0015_1.jpg)

</div>


<div class="pull-right">

![IMG-20210215-WA0006_1.jpg](https://cdn.steemitimages.com/DQmfTy9wkBqKecdCiHYZZdzrMMX1RBY3aJg51dp2E7ohUr9/IMG-20210215-WA0006_1.jpg)

</div>


![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


- You will also see "ENTER THE APP" icon. Also endeavor to click on it and proceed, which would get to the interface where you need to select your professional level (either an experience user or Novice) and proceed by clicking on the arrow below or skip icon (without any selection). See image below.

<div class="pull-left">

![IMG-20210215-WA0005_1.jpg](https://cdn.steemitimages.com/DQmQ22TLTbzNK8YBicVN7w4masjjkGjuFyJnruZSLhadhmD/IMG-20210215-WA0005_1.jpg)

</div>

<div class="pull-right">

![IMG-20210215-WA0013_1.jpg](https://cdn.steemitimages.com/DQmcUJysXsb3RgbXnPgVKhCZFxQ2s9spcfDtUuhgSDHdcbq/IMG-20210215-WA0013_1.jpg)

</div>


![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


<center>**SECURITY VERIFICATION/ACCOUNT AUTHENTICATION**</center>

![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


This is a puzzle that helps to checkmate the activities of third party especially robots. You are expected to complete this puzzle by placing the movable image directly on the the other. 

![IMG-20210215-WA0014_1.jpg](https://cdn.steemitimages.com/DQmbyogiJZGrvg4PLTNcYjcEWgX5UKpDTwV48pCWnx9KynP/IMG-20210215-WA0014_1.jpg)

- An interface that allows you to see your progress level is displayed and requesting you to  ***Complete Authentication*** by clicking on it. See image below

![IMG-20210215-WA0012_1.jpg](https://cdn.steemitimages.com/DQmVomFXDJSoVLdxLDRiaWW1fRzHU6EjfD2QCbCu5qBUQx9/IMG-20210215-WA0012_1.jpg)


![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


- Mostly important area now. You're expected to complete your identity verification by clicking on the ***verify*** button to proceed. This now pops out the BVN or ID Document for Authentication. You can use either of the two at your will.  


<div class="pull-left">

![IMG-20210215-WA0011_1.jpg](https://cdn.steemitimages.com/DQmWUqkxzYvdQqoDq8GbewYRkcFzCece89KhGzKhTZk141f/IMG-20210215-WA0011_1.jpg)

</div>

<div class="pull-right">

![IMG-20210215-WA0007_1.jpg](https://cdn.steemitimages.com/DQmTCnhPzVA2dKPkLHn2qN4FbfXaKN3PCFJBAp9niTdcf5o/IMG-20210215-WA0007_1.jpg)

</div>


![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


- On the last stage of the verification, you're also requested to make a facial authentication. We are expected not to use hats, glasses, filters and poor illumination. After this, then click on ***Start Verification*** icon to proceed.
You are also needed to make sure that your facial view enters the box as I dictate for effective and seamless capture. See image below.

<div class="pull-left">

![IMG-20210215-WA0010_1.jpg](https://cdn.steemitimages.com/DQmQi119c57e9vRroaY84T2GHa5gMpNshRtiRQkNphk7SyJ/IMG-20210215-WA0010_1.jpg)

</div>


<div class="pull-right">

![IMG-20210215-WA0008_1.jpg](https://cdn.steemitimages.com/DQmQE93aLMvAnxeYqXygDvF77TCwVxK85QarTD6XbWven5a/IMG-20210215-WA0008_1.jpg)

</div>

All this Verification and Authentication processes are mostly needed to upgrade your wallet account to have the wider limit to transfer upto a 100BTC Per day.

![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


<center>**HOW TO DEPOSIT IN BINANCE WALLET ACCOUNT**</center>

![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


This can be done immediately you have downloaded, Verified and authenticated your account in BINANCE.
Immediately this is done,.kindly click on the ***wallet*** icon below as seen in the image.


![Screenshot_20210215-232939_1.png](https://cdn.steemitimages.com/DQmSMAfR7EyWNAGKN1y72dPRWZyVpsRu6c6cTycMGxeJJtD/Screenshot_20210215-232939_1.png)

![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


- Click on the deposited icon and select the appropriate coin for your use. For this purpose, we would be using STEEM. So, you're to click on the steem coin

<div class="pull-left">

![Screenshot_20210215-233002_1.png](https://cdn.steemitimages.com/DQmcKWYKvDV1HnJxtiUfeS6tYE2WFJUXToFQETtTBp8YKdw/Screenshot_20210215-233002_1.png)

</div>

<div class="pull-right">

![Screenshot_20210215-233105_1.png](https://cdn.steemitimages.com/DQmeCcM1p9svVb1TcTjizduKGnDEimMLakvfDYhLRzbZNGt/Screenshot_20210215-233105_1.png)

</div>

![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


- A prompt asking you to copy your memo and address would show up. This is necessary because for a successful deposit, the memo and address are needed from the depositor (Your steemit wallet account) to execute.

<div class="pull-left">

![Screenshot_20210215-233122_1.png](https://cdn.steemitimages.com/DQmda6BwFwwwaaJRQv5sLMYVPhE3AZnFzgMNNCtKsw4Hf8r/Screenshot_20210215-233122_1.png)

</div>

<div class="pull-right">

![Screenshot_20210215-233153_1.png](https://cdn.steemitimages.com/DQmYAgrd7CaG4w6nWiAqoVdoTELaZ5gP7g1Xye9Rrpuw6Lo/Screenshot_20210215-233153_1.png)

</div>

![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


The MEMO and Address would be inputted while transferring steem from your Steemit account. Remember to use your active key. As soon as this is done, steem is deposited to the BINANCE WALLET ACCOUNT.

<div class="pull-left">

![Screenshot_20210216-073043.png](https://cdn.steemitimages.com/DQmTdVJth6BcnqyGo9CQYnJFo7JAdkqix8Q6HdtN1XkoRWi/Screenshot_20210216-073043.png)

</div>

<div class="pull-right">

![Screenshot_20210216-073205.png](https://cdn.steemitimages.com/DQmaHnfabBA5zaSx7C1eeMmYpJtmcNQaiSJg3VaTyDMa5r2/Screenshot_20210216-073205.png)

</div>

I hope this serves us well for an effective deposit process needed to move our coin steem from the Steemit wallet to our exchange wallet (BINANCE).

![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


<center>**HOW TO WITHDRAW FROM A BINANCE WALLET ACCOUNT**</center>

![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


 Let us also be attentive to this process. It is alittle longer than the deposit process. In this process, we are expected to the following to enable us have a successful withdrawals.

<center>***STEP 1***</center>

- Also Click on the wallet icon below as used during the deposits. Then select the coin in question (STEEM).
Remember, since we don't have STEEM/NGN pair, we are likely going to convert our steem first to BTC. So we will be selecting the STEEM/BTC pair.

![Screenshot_20210215-235616_1.png](https://cdn.steemitimages.com/DQmcV976tryyyHCy25BgtjyCVaaj6xUFRcxYXEouqDncTJt/Screenshot_20210215-235616_1.png)

- Then, an interface would pop up. Click on sell (Since you are to sell your STEEM for BTC), select market from the limits, 100_max for amount and then click on Sell STEEM.

![Screenshot_20210215-235644_1.png](https://cdn.steemitimages.com/DQmU3abJuw4ZHzjnEJFzrtgChZu7kzCFuEH74tb1we98KJW/Screenshot_20210215-235644_1.png)

![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


<center>***STEP 2***</center>

You're to repeat this process for also converting your BTC/NGN since we have a pair that matches our choice of crypto to fiat withdrawals.
Click on sell (Since you are to sell your BTC for NGN), select market from the limits, 100_max for amount and then click on Sell BTC.
 
<div class="pull-left">

![Screenshot_20210215-233818_1.png](https://cdn.steemitimages.com/DQmYn4eQST5UNY1L1qWRPTNjP1zNMMmpVAnnbakUS3mA9vN/Screenshot_20210215-233818_1.png)

</div>

<div class="pull-right">

![Screenshot_20210215-233916_1.png](https://cdn.steemitimages.com/DQmb3viGnBokkkkdpVBwsvt9hp4mkbnZT1MWMzLB2Sja2re/Screenshot_20210215-233916_1.png)

</div>

![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)


<center>***STEP 3***</center>

This is the last stage in this series. Now you've converted your STEEM to BTC and to NGN, we can select the withdrawals icon and proceed to depositing to our accounts. We can also use P2P where transactions aren't allowed.
So do the following as illustrated in the image below.
a. Click on the NGN since all values has been transferred to it.
b. Click on withdrawals
c. Input your bank details.
d. A successful deposit is done.

<div class="pull-left">

![Screenshot_20210215-233553_1.png](https://cdn.steemitimages.com/DQmZeZ7pPSrHVxgXG5KmiGZx1mf63CtgcmeZiMtowf9B2DE/Screenshot_20210215-233553_1.png)

</div>


<div class="pull-right">

![Screenshot_20210216-005136_1.png](https://cdn.steemitimages.com/DQmfFUakFA8kyWbVTXi75m9BgoR13oBC8wvrXz25c4zXYS6/Screenshot_20210216-005136_1.png)

</div>

![Screenshot_20210216-005202_1.png](https://cdn.steemitimages.com/DQmSQqNeKrKw8fu6EZPWdp3Jcp2tmZLRCZgiDwBiJGmoQPp/Screenshot_20210216-005202_1.png)

![image.png](https://cdn.steemitimages.com/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr/image.png)

Thank you @steemitblog once again for this insight in crypto-academy. It has really been helpful and impactful. Also @steemcurator01 and @steemcurator02 for the continued community support.


This is my entry and homework @besticofinder . 

<center>![image.png](https://cdn.steemitimages.com/DQmP4bn74qjhYEHxf1pUVEHamTamH1TqgkoqZEpPk5K44ko/image.png)
**[Subscribe](https://steemit.com/trending/hive-167622)**:::**[Discord](https://discord.gg/vAXqFr5)**. 
 :::**[Whatsapp](https://chat.whatsapp.com/HHdAkCbLb8m1BUDhD3n4Mu)** :::**[join trail](https://steemit.com/hive-167622/@steemalive/how-to-join-steemalive-curation-trail)**</center>




</div>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 68 others
properties (23)
post_id89,469,053
authorxkool24
permlinkhow-to-setup-a-trading-account-in-binance-exchange-lecture-by-besticonfider-or-or-by-xkool24
categoryhive-108451
json_metadata{"tags":["hive-108451","cryptoacademy","crypto-professors","nigeria","trading","steemexclusive","begginers","crypto"],"users":["steemitblog","steemcurator01","steemcurator02","besticofinder"],"image":["https:\/\/cdn.steemitimages.com\/DQmdzoqPZQT6iBTd3ajiA14vK2FigxYmsjhaoEWtFrZ4fuQ\/images.png","https:\/\/cdn.steemitimages.com\/DQmUc4wRtvPLqKQyP5P7LN5QkYq8JkpqUjTw4ASzgTD8gZr\/image.png","https:\/\/cdn.steemitimages.com\/DQmaHHmUAbPm6AD4RSvCuwGVbmrx3DEMerWW4KxHMbLdnge\/IMG-20210215-WA0018_1.jpg","https:\/\/cdn.steemitimages.com\/DQmag3R7ABr1r898M2xNU8WQzm2Kfo8z27RYS33GrcktXty\/IMG-20210215-WA0017_1.jpg","https:\/\/cdn.steemitimages.com\/DQmQ2qPWvLdRFEMwWU9DPJDKAxJJaJP3ivXEXMRDKhe5XwH\/IMG-20210215-WA0015_1.jpg","https:\/\/cdn.steemitimages.com\/DQmfTy9wkBqKecdCiHYZZdzrMMX1RBY3aJg51dp2E7ohUr9\/IMG-20210215-WA0006_1.jpg","https:\/\/cdn.steemitimages.com\/DQmQ22TLTbzNK8YBicVN7w4masjjkGjuFyJnruZSLhadhmD\/IMG-20210215-WA0005_1.jpg","https:\/\/cdn.steemitimages.com\/DQmcUJysXsb3RgbXnPgVKhCZFxQ2s9spcfDtUuhgSDHdcbq\/IMG-20210215-WA0013_1.jpg","https:\/\/cdn.steemitimages.com\/DQmbyogiJZGrvg4PLTNcYjcEWgX5UKpDTwV48pCWnx9KynP\/IMG-20210215-WA0014_1.jpg","https:\/\/cdn.steemitimages.com\/DQmVomFXDJSoVLdxLDRiaWW1fRzHU6EjfD2QCbCu5qBUQx9\/IMG-20210215-WA0012_1.jpg","https:\/\/cdn.steemitimages.com\/DQmWUqkxzYvdQqoDq8GbewYRkcFzCece89KhGzKhTZk141f\/IMG-20210215-WA0011_1.jpg","https:\/\/cdn.steemitimages.com\/DQmTCnhPzVA2dKPkLHn2qN4FbfXaKN3PCFJBAp9niTdcf5o\/IMG-20210215-WA0007_1.jpg","https:\/\/cdn.steemitimages.com\/DQmQi119c57e9vRroaY84T2GHa5gMpNshRtiRQkNphk7SyJ\/IMG-20210215-WA0010_1.jpg","https:\/\/cdn.steemitimages.com\/DQmQE93aLMvAnxeYqXygDvF77TCwVxK85QarTD6XbWven5a\/IMG-20210215-WA0008_1.jpg","https:\/\/cdn.steemitimages.com\/DQmSMAfR7EyWNAGKN1y72dPRWZyVpsRu6c6cTycMGxeJJtD\/Screenshot_20210215-232939_1.png","https:\/\/cdn.steemitimages.com\/DQmcKWYKvDV1HnJxtiUfeS6tYE2WFJUXToFQETtTBp8YKdw\/Screenshot_20210215-233002_1.png","https:\/\/cdn.steemitimages.com\/DQmeCcM1p9svVb1TcTjizduKGnDEimMLakvfDYhLRzbZNGt\/Screenshot_20210215-233105_1.png","https:\/\/cdn.steemitimages.com\/DQmda6BwFwwwaaJRQv5sLMYVPhE3AZnFzgMNNCtKsw4Hf8r\/Screenshot_20210215-233122_1.png","https:\/\/cdn.steemitimages.com\/DQmYAgrd7CaG4w6nWiAqoVdoTELaZ5gP7g1Xye9Rrpuw6Lo\/Screenshot_20210215-233153_1.png","https:\/\/cdn.steemitimages.com\/DQmTdVJth6BcnqyGo9CQYnJFo7JAdkqix8Q6HdtN1XkoRWi\/Screenshot_20210216-073043.png","https:\/\/cdn.steemitimages.com\/DQmaHnfabBA5zaSx7C1eeMmYpJtmcNQaiSJg3VaTyDMa5r2\/Screenshot_20210216-073205.png","https:\/\/cdn.steemitimages.com\/DQmcV976tryyyHCy25BgtjyCVaaj6xUFRcxYXEouqDncTJt\/Screenshot_20210215-235616_1.png","https:\/\/cdn.steemitimages.com\/DQmU3abJuw4ZHzjnEJFzrtgChZu7kzCFuEH74tb1we98KJW\/Screenshot_20210215-235644_1.png","https:\/\/cdn.steemitimages.com\/DQmYn4eQST5UNY1L1qWRPTNjP1zNMMmpVAnnbakUS3mA9vN\/Screenshot_20210215-233818_1.png","https:\/\/cdn.steemitimages.com\/DQmb3viGnBokkkkdpVBwsvt9hp4mkbnZT1MWMzLB2Sja2re\/Screenshot_20210215-233916_1.png","https:\/\/cdn.steemitimages.com\/DQmZeZ7pPSrHVxgXG5KmiGZx1mf63CtgcmeZiMtowf9B2DE\/Screenshot_20210215-233553_1.png","https:\/\/cdn.steemitimages.com\/DQmfFUakFA8kyWbVTXi75m9BgoR13oBC8wvrXz25c4zXYS6\/Screenshot_20210216-005136_1.png","https:\/\/cdn.steemitimages.com\/DQmSQqNeKrKw8fu6EZPWdp3Jcp2tmZLRCZgiDwBiJGmoQPp\/Screenshot_20210216-005202_1.png","https:\/\/cdn.steemitimages.com\/DQmP4bn74qjhYEHxf1pUVEHamTamH1TqgkoqZEpPk5K44ko\/image.png"],"links":["https:\/\/www.google.com\/search?q=binance&client=ms-android-hmd-rev2&prmd=niv&sxsrf=ALeKk031SqBoJ6OXG_rRpZ6XbyT3Inc_0A:1613453278972&source=lnms&tbm=isch&sa=X&ved=2ahUKEwjI2Lfs1e3uAhUNO8AKHanzAqkQ_AUoAnoECBsQAg&biw=412&bih=756&dpr=2.63","https:\/\/steemit.com\/trending\/hive-167622","https:\/\/discord.gg\/vAXqFr5","https:\/\/chat.whatsapp.com\/HHdAkCbLb8m1BUDhD3n4Mu","https:\/\/steemit.com\/hive-167622\/@steemalive\/how-to-join-steemalive-curation-trail"],"app":"steemit\/0.2","format":"markdown"}
created2021-02-16 07:40:15
last_update2021-02-16 07:40:15
depth0
children0
net_rshares18,425,988,103,664
last_payout2021-02-23 07:40:15
cashout_time1969-12-31 23:59:59
total_payout_value8.734 SBD
curator_payout_value8.708 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length12,695
author_reputation253,772,433,596,459
root_title"HOW TO SETUP A TRADING ACCOUNT IN BINANCE EXCHANGE (Lecture by @besticonfider) || BY @XKOOL24"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (132)