Binance Tutorial for Beginners 2025: Complete Step-by-Step Guide

Prefer video? No worries, in this YouTube video you will learn all you need to know about Binance for beginners, from setting up your account with the 10% fee discount code, to buying crypto, finding trading pairs, and using the best indicators to make informed trading decisions.

Key Takeaways

  • βœ…

    Creating a Binance account requires identity verification, which typically takes only 7 minutes to complete and enhances platform security.

  • πŸ’°

    Using referral code XJC7FO2K gives you 10% off on all trading fees, providing significant long-term savings on every trade.

  • πŸ’³

    Buying crypto with a credit card is the fastest method (instant), while bank transfers offer lower fees but take 1-3 business days.

  • πŸ“Š

    The volume indicator helps confirm price moves - high volume on breakouts suggests strong participation and increases the likelihood of success.

  • πŸ“ˆ

    MACD divergence (when price and indicator move in opposite directions) can signal potential trend reversals before they become obvious to most traders.

  • 🎯

    Combining multiple indicators like moving averages, volume, MACD, and Fibonacci retracement can help improve your trading analysis and decision-making.

If you're looking to start trading cryptocurrency, Binance is one of the most popular and comprehensive crypto exchanges available. However, getting started can feel overwhelming with all the features and options. That's exactly why I created this complete Binance tutorial for beginners - to walk you through every essential step, from creating your account to executing your first trades and using powerful trading tools.

In this comprehensive guide, you'll learn how to sign up correctly, quickly pass the verification process, fund your account using different methods, find the right cryptocurrencies to trade, and use the best Binance indicators and tools that can help improve your trading results. Whether you're brand new to crypto or just new to Binance, this tutorial will give you everything you need to get started with confidence.

How to Create a Binance Account (Step-by-Step)

The very first thing you need to do is create your Binance account. While this process is more detailed than signing up for typical social media platforms, there's a good reason: Binance and other cryptocurrency exchanges are required by law to verify your identity. This verification process not only ensures compliance with regulations but also significantly improves the security of the platform.

Here's exactly how to create your Binance account:

Step 1: Visit Binance.com

Head over to the official Binance website at binance.com. Make sure you're on the legitimate site - always double-check the URL to avoid phishing scams.

Step 2: Click the Sign Up Button

You'll find the sign-up button in the upper right corner of the homepage. Click it to begin the registration process.

Step 3: Choose Your Sign-Up Method

Binance offers several convenient sign-up options:

  • Email address

  • Phone number

  • Google account

  • Apple account

Choose whichever method you prefer - they all work equally well. I personally used email, but the choice is entirely up to you and your preferences.

Step 4: Verify Your Email

After entering your email address, Binance will send you a verification email. Open your inbox and look for the email from Binance. Copy the activation code provided in the email (use Ctrl+C on Windows or Cmd+C on Mac), then paste it into the verification field on the Binance website (Ctrl+V or Cmd+V).

Step 5: Create a Strong Password

Your password security is crucial. Binance requires:

  • At least 8 characters

  • At least one number

  • At least one uppercase letter

Make sure your password is unique and strong to protect your account. Consider using a password manager to create and store a secure password.

Step 6: Use a Referral Code for 10% Discount

This is an important step that many beginners miss! When you reach the referral ID field, enter this code: XJC7FO2K

By using this referral code, you'll receive 10% off on all your trading fees - a significant saving that adds up over time, especially if you plan to trade regularly. This discount applies automatically to all your trades on the platform.

Once you've entered the code, click "Next" to proceed to the verification process.

Binance ID Verification Process (Complete Walkthrough)

Now comes the identity verification phase. While this might seem tedious, it's essential for platform security and regulatory compliance. The good news is that the entire process typically takes only about 7 minutes to complete.

What You'll Need:

Before starting, make sure you have:

  • A government-issued ID (national ID card, passport, or driver's license)

  • Your smartphone (highly recommended for the face verification step)

  • A proof of address document (utility bill, bank statement, or other government-issued document)

  • Good lighting for taking photos

Verification Steps:

Step 1: Select Your Country

Choose your country of residence from the dropdown menu. This ensures you're following the correct verification process for your region.

Step 2: Enter Personal Information

You'll need to provide:

  • Your nationality

  • Your first name

  • Your last name

  • Your date of birth

Make sure this information matches exactly what appears on your government-issued ID.

Step 3: Identity Document Verification

You'll be directed to a separate website to complete the ID verification. At this stage, you have two options:

  • Complete the verification on your computer

  • Complete it via mobile phone (recommended)

From my experience, using your mobile phone for this step is much easier. The camera quality is typically better for scanning your ID, and the face verification process works more smoothly on mobile devices. You'll simply scan the QR code displayed on your computer screen using the Binance app on your phone.

Step 4: Take a Selfie (Liveness Check)

You'll need to complete a quick liveness check to prove you're the person on your ID. This is similar to setting up Apple Face ID - you'll need to turn your head slightly as instructed. The process is straightforward and only takes a few seconds.

Step 5: Proof of Address

Upload a document that shows your current address. Acceptable documents include:

  • Recent utility bills (electricity, water, gas)

  • Bank statements

  • Government-issued documents with your address

The document should be recent (usually within the last 3 months) and clearly show your name and address.

Verification Timeline:

After submitting all your documents, the verification process typically takes about 5 minutes. However, in some cases, it may take a bit longer depending on verification volumes. Once approved, you'll see a "Verified" badge when you click on your profile icon in the upper right corner.

If you encounter any issues during verification, don't worry - most problems are easy to resolve by ensuring your photos are clear and your information matches your documents exactly.

How to Buy Crypto on Binance (Multiple Methods)

Choose Your Funding Method

Two simple ways to buy crypto on Binance

⚑ Fastest
πŸ’³

Credit/Debit Card

Instant Purchase
Min Amount: $15
Fees: 3-4%
Processing: Instant
Accepts: Visa, Mastercard, Google Pay, Apple Pay

Quick Steps:

  1. Click "Buy Crypto"
  2. Enter amount ($15 minimum)
  3. Select currency & crypto
  4. Choose payment method
  5. Enter card details
  6. Confirm purchase
βœ“ Best for: Small purchases, beginners, instant access
πŸ’° Lower Fees
🏦

Bank Transfer

1-3 Business Days
Min Amount: Varies by bank
Fees: Much lower
Processing: 1-3 days
Setup: Link & verify account

Quick Steps:

  1. Select "Bank Transfer"
  2. Link bank account
  3. Verify account
  4. Initiate transfer
  5. Wait for funds
  6. Buy crypto
βœ“ Best for: Large purchases, experienced traders, saving on fees

πŸ’‘ What to Buy First?

🟒 USDT (Recommended for beginners)

Stablecoin = stable value ($1). Use it to trade other cryptos later without volatility risk.

🟠 Bitcoin/Ethereum (Direct purchase)

Buy major cryptocurrencies instantly. Price fluctuates based on market conditions.

🎁 Exclusive Binance Offer

Start trading with 10% OFF all fees using code XJC7FO2K

Now that your account is verified, it's time to fund it and buy your first cryptocurrency. Binance offers several methods for purchasing crypto, each with its own advantages.

Buying Crypto with a Credit Card (Fastest Method)

The quickest and easiest way to get started is by using a credit or debit card. Here's how:

Step 1: Navigate to Buy Crypto

Click on the "Buy Crypto" button at the top of the page.

Step 2: Enter Your Purchase Amount

Decide how much you want to spend. The minimum purchase amount is $15, but you can buy as much as you want (subject to your card limits and daily purchase limits).

For this example, let's say you want to spend $100.

Step 3: Select Your Currency

You can choose from various fiat currencies (USD, EUR, GBP, etc.) using the dropdown menu. The platform will automatically show you the available options based on your location.

Step 4: Choose What Crypto to Buy

This is where it gets interesting. You have several options:

Option 1: Buy USDT First USDT (Tether) is a stablecoin that maintains a value close to $1. Many traders buy USDT first because it acts as a stable base currency that you can then use to trade for other cryptocurrencies. This is useful because it gives you flexibility - you can hold USDT and wait for the right moment to buy other cryptos without worrying about price volatility.

Option 2: Buy Bitcoin or Other Cryptos Directly You can also purchase Bitcoin, Ethereum, or other cryptocurrencies directly with your credit card. If you spend $100, you'll receive the equivalent amount in your chosen cryptocurrency based on the current market price.

Step 5: Select Your Payment Method

Binance accepts:

  • Visa and Mastercard

  • Google Pay

  • Apple Pay

Choose your preferred payment method and click "Confirm."

Step 6: Enter Your Card Details

Input your card number, expiration date, and security code (CVV). Make sure the name on the card matches the name on your Binance account - this is important for security and compliance reasons.

Important Considerations for Credit Card Purchases:

While buying with a credit card is convenient, there are a few things to keep in mind:

  • Credit card purchases typically have higher fees (usually 3-4%)

  • There may be daily or monthly purchase limits

  • Some banks may charge additional fees for crypto purchases

  • Transactions are usually instant, but can occasionally take a few minutes

Using Bank Transfers (Lower Fees)

For larger purchases, bank transfers often offer significantly lower fees compared to credit cards. The tradeoff is that bank transfers can take 1-3 business days to process, depending on your bank and location.

To use a bank transfer:

  1. Navigate to "Buy Crypto" and select "Bank Transfer"

  2. Link your bank account (you'll need to verify it)

  3. Initiate the transfer

  4. Wait for the funds to appear in your Binance account

  5. Use the deposited funds to buy crypto

Bank transfers are ideal if you're planning to make larger investments or if you're not in a rush and want to save on fees.

Understanding the Binance Platform Interface

Before you start trading, let's familiarize ourselves with the Binance interface. Understanding where everything is located will make your trading experience much smoother.

The Main Dashboard

When you first log in, you'll see the Binance home screen. Here's what you need to know:

Top Navigation Bar:

  • Buy Crypto: Where you purchase cryptocurrency with fiat currency

  • Markets: View all available trading pairs and market data

  • Trade: Access the trading interface for spot trading

  • Futures: Advanced trading with leverage (not recommended for beginners)

  • Earn: Stake your crypto to earn passive income

  • Square: Binance's social feature where traders share insights

  • More: Additional features and tools

Popular Cryptocurrencies Section:

On the main page, you'll see the most popular cryptocurrencies displayed prominently:

  • Bitcoin (BTC) - The original and largest cryptocurrency

  • Ethereum (ETH) - The second-largest crypto, known for smart contracts

  • Binance Coin (BNB) - Binance's native token

  • And many others

New Listings:

Binance regularly adds new cryptocurrencies. You can find these by clicking the "New Listings" button, which shows recently added tokens. However, as a beginner, I recommend sticking to well-established cryptocurrencies until you understand the market better.

Finding Cryptocurrencies to Trade

With thousands of cryptocurrencies available, finding the right ones to trade can feel overwhelming. Here's how to navigate the options:

Using the Markets Page:

  1. Click on "Markets" in the top navigation

  2. You'll see a list of all trading pairs

  3. Use filters to sort by:

    • Volume (higher volume usually means better liquidity)

    • Price change (see which coins are moving)

    • Market cap (larger market caps are typically less volatile)

Search Function:

If you know the specific cryptocurrency you want to trade, use the search bar. Simply type the name or ticker symbol (like "BTC" for Bitcoin or "ETH" for Ethereum).

Trading Pairs Explained:

You'll notice that cryptocurrencies are listed in pairs, such as:

  • BTC/USDT (Bitcoin traded against Tether)

  • ETH/USDT (Ethereum traded against Tether)

  • BNB/BTC (Binance Coin traded against Bitcoin)

The first currency is what you're buying or selling, and the second is what you're using to make the trade.

Best Binance Indicators and Trading Tools

Now we're getting into the exciting part - the technical tools that can help you analyze markets and potentially improve your trading decisions. Binance offers a powerful charting platform with numerous indicators. Let me share some of the most valuable tools I use regularly.

4 Essential Trading Indicators for Binance

Master these powerful tools to analyze markets like a professional

πŸ“ˆ

Moving Averages

Beginner Friendly
Purpose: Identify trend direction and smooth out price noise

Quick Setup:

  • Click Indicators β†’ Search "MA"
  • Set Length: 50 periods
  • Source: Close price

βœ“ Use For:

Price above MA = bullish trend β€’ Price below MA = bearish trend β€’ Acts as support/resistance

πŸ“Š

Volume Indicator

Beginner Friendly
Purpose: Confirm price moves with market participation

Quick Setup:

  • Click Indicators β†’ Add "Volume"
  • Settings: Uncheck MA options
  • Use pure volume bars

βœ“ Use For:

High volume + breakout = strong move β€’ Low volume = weak/unreliable move β€’ Green bars = buying, Red bars = selling

⚑

MACD

Intermediate
Purpose: Spot momentum shifts and potential reversals

Quick Setup:

  • Technical Indicators β†’ Sub section
  • Select "MACD"
  • Default: 12, 26, 9 (works great)

βœ“ Use For:

Divergence patterns β€’ Bearish: Price ↑ MACD ↓ β€’ Bullish: Price ↓ MACD ↑ β€’ Signals reversals before they're obvious

🎯

Fibonacci Retracement

Intermediate
Purpose: Find key support/resistance levels during retracements

Quick Setup:

  • Drawing Tools β†’ Fibonacci
  • Click swing high β†’ drag to swing low
  • Golden Zone: 0.382 - 0.618

βœ“ Use For:

Identifying retracement zones β€’ Most pullbacks end in golden zone (38.2%-61.8%) β€’ Combine with support/resistance

πŸ’‘
Pro Tip: Never rely on a single indicator. Combine multiple tools (e.g., Volume + MACD + Moving Averages) for more reliable trading decisions and better confirmation of market moves.
πŸš€ Level Up Your Analysis

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Moving Averages: Understanding Price Trends

Moving averages are one of the most fundamental and useful indicators in trading. They help smooth out price data to identify trends more clearly.

How to Add a Moving Average:

  1. Open any trading chart

  2. Click on the "Indicators" button

  3. Search for "Moving Average" or "MA"

  4. Select "MA" from the list

  5. A settings window will appear

Recommended Settings:

A common starting point is to use a 50-period moving average. In the settings:

  • Set the length to 50

  • Choose "Close" as the source (this means it calculates based on closing prices)

  • Select your preferred color for visibility

  • Click "Save"

How Moving Averages Work:

A moving average calculates the average price over a specific number of periods. With a 50-period MA on a daily chart, it shows the average closing price of the last 50 days. This creates a smooth line that helps you see the overall trend.

Key Benefits:

  • Identifies trend direction (if price is above the MA, the trend may be bullish; below suggests bearish)

  • Acts as potential support or resistance levels

  • Automatically adjusts to different timeframes (change from daily to 4-hour, and the MA recalculates accordingly)

If you want to dive deeper into moving average strategies, I have a complete course on this topic. Moving averages can be incredibly powerful when combined with other indicators, which brings us to our next tool.

Volume Indicator: Reading Market Participation

The volume indicator is one of my personal favorites because it provides crucial context that price action alone cannot show.

Setting Up the Volume Indicator:

  1. Click on "Indicators"

  2. Search for "Volume"

  3. Add it to your chart

  4. Go to settings

Important Setting Adjustment:

By default, the volume indicator includes moving averages (MA Volume 1 and MA Volume 2). While some traders use these, I find that for beginners, they can be confusing. I recommend unchecking these moving average options and using pure volume bars. Click "Save" once you've made this adjustment.

Understanding Volume:

The volume indicator shows how many units of the cryptocurrency were traded during each time period. On a daily chart, each volume bar represents the total trading activity for that day.

Why Volume Matters:

Volume provides confirmation for price moves:

High Volume on Breakouts: When you see a price breakout accompanied by high volume, it suggests strong participation and increases the likelihood that the move is genuine. For example, if Bitcoin has been trading sideways and then suddenly breaks above resistance with a large green volume bar, this indicates many buyers are participating, making the breakout more reliable.

Low Volume Moves: Conversely, if prices move significantly but volume is low, the move may not be sustainable. Low participation suggests the market isn't fully convinced, and the price might reverse.

Volume and Candle Colors:

  • Green volume bars (on green candles): Lots of buying pressure

  • Red volume bars (on red candles): Heavy selling activity

I use volume to confirm nearly every trading decision. It's like having X-ray vision into the market's true strength behind each move.

MACD Indicator: Spotting Momentum Shifts

The MACD (Moving Average Convergence Divergence) is one of the most powerful indicators on Binance, and it's used by countless professional traders. It excels at identifying potential trend changes before they become obvious.

Adding MACD to Your Chart:

  1. Click on "Technical Indicators"

  2. Navigate to the "Sub" section (because MACD appears in a separate panel below the main chart)

  3. Select "MACD"

  4. The default settings are 12, 26, 9 - these work well for most situations

  5. Click "Save"

Understanding MACD Components:

The MACD consists of:

  • The MACD line (faster moving average)

  • The signal line (slower moving average)

  • The histogram (shows the difference between the two lines)

My Favorite MACD Strategy: Divergence

Divergence is when the price and the MACD move in opposite directions. This often signals a potential reversal. Let me explain the two types:

Bearish Divergence:

This occurs when:

  • The price makes a higher high

  • But the MACD makes a lower high

This suggests that even though the price is reaching new highs, the momentum is weakening. It can signal an upcoming downward reversal. I've seen this pattern work time and time again - when it appears, it's worth paying attention to.

Bullish Divergence:

The opposite scenario:

  • The price makes a lower low

  • But the MACD makes a higher low

This indicates that while the price is dropping to new lows, the selling pressure is decreasing. It often precedes an upward reversal.

Important Note:

While divergence is powerful, I don't recommend using it as a standalone strategy. It works best when combined with other technical analysis tools and confirmation signals. If you want to master the MACD, I have a complete course dedicated to this indicator that goes much deeper into various strategies.

Fibonacci Retracement: Finding Key Price Levels

Fibonacci retracement is a fascinating tool based on mathematical ratios that appear throughout nature and, interestingly, in financial markets as well.

How to Use Fibonacci Retracement:

  1. Click on the drawing tools

  2. Select "Fibonacci Retracement"

  3. Identify a swing high (a recent peak in price)

  4. Click on the swing high to start the tool

  5. Drag down to a swing low (a recent bottom in price)

  6. Release to apply the Fibonacci levels

Understanding the Levels:

Once applied, you'll see horizontal lines with numbers like:

  • 0.236 (23.6%)

  • 0.382 (38.2%)

  • 0.5 (50%)

  • 0.618 (61.8%)

  • 0.786 (78.6%)

These numbers represent percentages of the original move from high to low.

The Golden Zone:

The area between 0.382 and 0.618 is often called the "golden zone." As a rule of thumb (though not always), many retracements end somewhere in this zone before the trend resumes. In my experience analyzing charts, I've seen prices respect these levels remarkably often.

Real Example from the Charts:

In the tutorial video, when we applied Fibonacci to a Bitcoin move, the price retraced and tested the 0.618 level multiple times before reversing. This is exactly the kind of behavior the Fibonacci tool helps identify.

Important Reminder:

Like all technical tools, Fibonacci retracement works best when combined with other analysis methods. Use it alongside support and resistance levels, volume analysis, and other indicators for more reliable trading decisions.

Essential Tips for Binance Beginners

Before you start trading, here are some crucial tips that can help you avoid common mistakes:

Start Small

Don't invest more than you can afford to lose. Cryptocurrency markets are highly volatile, and it's normal to experience losses while you're learning. Start with small amounts to practice and build your skills.

Use the Referral Code

Don't forget to use referral code XJC7FO2K when setting up your account to get 10% off all trading fees. This discount applies automatically and can save you significant money over time.

Secure Your Account

Enable two-factor authentication (2FA) immediately after creating your account. This adds an extra layer of security and helps protect your funds from unauthorized access.

Learn Before You Trade

Take time to understand how trading works. Use the educational resources available on Binance and consider paper trading (practicing without real money) before committing real funds.

Don't Chase Pumps

When you see a cryptocurrency shooting up rapidly, resist the urge to jump in immediately. Often, by the time you notice the pump, it's already too late, and you might end up buying at the top.

Keep Records

Track your trades, including entry and exit points, reasons for the trade, and outcomes. This helps you learn from both successes and mistakes.

Understand Trading Fees

Different trading methods have different fee structures. Spot trading typically has lower fees than credit card purchases. Factor fees into your trading strategy.

Stay Informed

Follow cryptocurrency news and market trends. Major events can significantly impact prices. Having context for market movements helps you make better decisions.

Frequently Asked Questions About Binance

Frequently Asked Questions

How long does Binance verification take?

The Binance verification process typically takes about 7 minutes to complete and is usually approved within 5 minutes after submission. However, during high-volume periods, it may take slightly longer. The process requires a government-issued ID, a selfie for liveness verification, and a proof of address document. Using your mobile phone for the verification steps can make the process faster and easier.

What is the Binance referral code for 10% discount?

The referral code XJC7FO2K provides a 10% discount on all your trading fees when you sign up for Binance. Enter this code during the account creation process when prompted for a referral ID. The discount applies automatically to all your trades on the platform, providing significant savings over time, especially if you trade regularly.

What's the minimum amount to buy crypto on Binance?

The minimum purchase amount on Binance when using a credit card is $15. However, you can buy larger amounts up to your card limits and Binance's daily purchase limits. For bank transfers, minimum amounts may vary depending on your region and the specific transfer method used.

Should I buy USDT first or buy Bitcoin directly?

Both approaches work, but they serve different purposes. Buying USDT (Tether) first gives you flexibility - it's a stablecoin that maintains a value close to $1, so you can hold it without exposure to volatility and then trade for other cryptocurrencies when you're ready. Buying Bitcoin or other cryptocurrencies directly is faster if you know exactly what you want. Many traders prefer buying USDT first as it provides a stable base for trading other cryptocurrencies.

What are the best indicators for crypto trading on Binance?

The most useful indicators for beginners include: Moving Averages (for identifying trends), Volume (for confirming price moves), MACD (for spotting momentum shifts and divergence), and Fibonacci Retracement (for finding key support and resistance levels). However, it's important to combine multiple indicators rather than relying on just one. Each indicator provides different information, and using them together can help you make more informed trading decisions.

Is buying crypto with a credit card or bank transfer better?

Credit cards offer speed - transactions are typically instant, making them ideal for quick purchases. However, they come with higher fees (usually 3-4%) and some banks may charge additional fees. Bank transfers have significantly lower fees and are better for larger purchases, but they take 1-3 business days to process. Choose based on your priorities: if you need crypto immediately and don't mind paying more, use a credit card. If you're making a larger investment and can wait, bank transfers are more cost-effective.

Test Your Binance Knowledge

Test Your Binance Knowledge

What is the minimum purchase amount when buying crypto with a credit card on Binance?

What discount do you get on trading fees when using referral code XJC7FO2K?

Which verification method is recommended for easier ID scanning and face verification?

What does high volume on a breakout candle typically indicate?

What is a bearish divergence in MACD?

Conclusion

Congratulations! You now have a comprehensive understanding of how to use Binance, from creating your account to using advanced trading indicators. This tutorial covered the essential steps to get started: signing up with the referral code XJC7FO2K for 10% off trading fees, completing verification, buying your first crypto, navigating the platform, and using powerful tools like moving averages, volume, MACD, and Fibonacci retracement.

Remember, successful trading is a journey that requires continuous learning and practice. Start small, use the tools we discussed, and always combine multiple indicators to make informed decisions. The indicators and strategies covered in this tutorial can help improve your trading analysis, but they work best when used together and combined with proper risk management.

If you have questions about anything covered in this tutorial, or if there are topics you'd like to see in future guides (like margin trading, trading bots, or copy trading), feel free to reach out. The cryptocurrency market offers incredible opportunities, and with the right knowledge and approach, you can navigate it successfully.

Ready to dive deeper? Check out the complete trading education playlist on the channel, which includes in-depth courses on moving averages, MACD, market structure, and many other essential trading concepts. Your trading education journey is just beginning, and I'm here to help every step of the way.

Disclaimer: This content is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies involves substantial risk of loss. Always conduct your own research, understand the risks involved, and never invest more than you can afford to lose. Consider your financial situation carefully before making any investment decisions.

Ready to start your Binance journey? Sign up now and use code XJC7FO2K for 10% off all trading fees!

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