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Binance: Leading Crypto Exchange with Deep Liquidity

Binance: Leading Crypto Exchange with Deep Liquidity

Bitaigen Research Bitaigen Research 24 min read

Learn why Binance leads global crypto exchanges with the highest daily volume, instant trade execution, ultra‑low slippage, and mobile or email registration.

In the world of cryptocurrencies, Binance is the “elephant in the room” that cannot be ignored. Its daily trading volume consistently ranks #1 worldwide, which means that regardless of how large your capital is, you can execute trades within seconds with extremely low slippage. For whales and institutional participants, this depth of liquidity is a decisive attraction.

Register an account on the Binance app or website using a mobile number or an overseas email address, set a password and verify the email code, then complete KYC to finish real‑name verification.

In this article we have compiled the registration process and identity‑verification essentials for users from Mainland China, covering every step from downloading the client to completing KYC, and we analyze the platform’s core advantages and usage considerations to help newcomers get started quickly and trade with confidence. For detailed steps and practical tips, keep reading.
Binance: Leading Crypto Exchange with Deep Liquidity flowchart

Overview of the Binance Exchange

Binance (official registration | official download) was founded in 2017 by Chinese‑origin entrepreneur Changpeng Zhao (CZ). Within a few short years, Binance grew into a crypto‑industry super‑giant thanks to ultra‑fast order matching, massive liquidity, and a global expansion strategy. Whether you are a beginner looking to exchange a small amount of USDT, or an experienced trader dealing with futures, quantitative strategies, NFTs, or savings products, Binance can almost satisfy every digital‑asset need.

The platform’s headquarters now have branches in Europe, Southeast Asia, Africa, and Latin America, making it one of the fastest‑moving exchanges in terms of regulatory compliance and the most comprehensive in product offerings. It supports thousands of digital assets, covering major coins, hot projects, and innovative tokens, and its trading volume has long been #1 globally.

Should You Register on Binance?

Binance performs strongly across liquidity, fees, product variety, and promotional activities, leaving few, if any, noticeable shortcomings. Large‑scale capital can enter the market without order‑size throttling, while small‑scale users can earn yields through the savings suite and experiment with novel features at any time. The platform’s security and Chinese‑language customer support are also solid.

Bottom line: If you are looking for a reliable, low‑cost, feature‑rich crypto exchange that also offers live human assistance, Binance is definitely worth registering. Whether you are a seasoned “green‑onion” or a total newcomer, a single trial is likely to convince you to stay.

Binance Registration and Identity‑Verification Tutorial

Before you begin, make sure you have downloaded and installed the Binance app. Users who have not yet installed the app can refer to the “How to download the Binance app?” section of this guide (available for Android/iOS).

  1. Open the Binance app and tap Register / Login !Binance Registration and Identity Verification Tutorial, then select Create a Binance Account !Binance Registration and Identity Verification Tutorial – Step 2.
  2. You can register with a mobile number (+86) or an email address. This guide uses an email example; we recommend an overseas email such as Outlook or Gmail for better stability (domestic QQ or 163 also work). After entering the email, tick the agreement box and tap Continue !Binance Registration and Identity Verification Tutorial – Step 4.
  3. The system sends a verification code to your inbox; retrieve it and input the code !Binance Registration and Identity Verification Tutorial – Step 5.
  4. Create a password of at least 8 characters that includes numbers and uppercase letters, then tap Continue !Binance Registration and Identity Verification Tutorial – Step 6.
  5. After successful registration, the system asks “Do you have an inviter?” Choose Yes, enter the referral code B2345, and you will enjoy a permanent 20 % fee discount on subsequent trades. Tap Next !Binance Registration and Identity Verification Tutorial – Step 7.
  6. You are now on the KYC (Know‑Your‑Customer) page. Select “China” for both your residence country/region and the document‑issuing country. Then choose the document type (ID card, driver’s license, or passport); this example uses ID card. Tap Continue !Binance Registration and Identity Verification Tutorial – Step 8.
  7. Upload photos of the front and back of your ID card, then proceed !Binance Registration and Identity Verification Tutorial – Step 9 (front)!Binance Registration and Identity Verification Tutorial – Step 9 (back).
  8. Proceed to the facial‑recognition step; follow the on‑screen prompts to capture your live selfie !Binance Registration and Identity Verification Tutorial – Step 10 (selfie 1)!Binance Registration and Identity Verification Tutorial – Step 10 (selfie 2).
  9. Review your personal information (nationality, full name, date of birth). Ensure everything is accurate, then tap Continue !Binance Registration and Identity Verification Tutorial – Step 11.
  10. Select your current employment status, submit the application for review, and you will be approved shortly !Binance Registration and Identity Verification Tutorial – Step 12.

Additional Mini‑Guides

  • How to sell USDT on Binance?
  • How to create an overseas Apple ID on an iPhone (iOS users)?
  • Bitcoin 101: Complete workflow for buying BTC with RMB.
  • 2026 Ethereum (ETH) Purchase Ultimate Guide (hands‑on Binance).
  • Full process for buying crypto on mainstream exchanges (from selecting an exchange to registering and purchasing).

Binance Trading Fees

Binance’s fee structure is highly competitive within the industry. New accounts start with a base rate of 0.1 %, and holding BNB automatically grants a discount; higher VIP tiers receive even larger rebates.

Binance Fee Table

Trading TypeMaker (limit order) FeeTaker (market order) FeeFee after BNB Discount
Spot Trading0.1 %0.1 %≈ 0.075 %
Futures Trading0.02 %0.05 %10 % off → 0.018 % / 0.045 %
Options Trading0.03 %0.03 %

*Note: For users located in the United States, the global Binance platform is not available; you must use Binance.US, which has a separate fee schedule.*

Fiat Deposit & Withdrawal Channels and Practical Steps

Binance’s C2C marketplace supports major fiat currencies such as USD, EUR, HKD, and CNY. When buying crypto, you can place an order directly and choose from a large pool of seller listings.

  • Payment methods include Alipay, bank transfers, and WeChat Pay; the same options apply when cashing out after a sale.
  • Funds are credited quickly, and fees are publicly disclosed.

Important: Some fiat channels may be temporarily adjusted. We recommend using the officially listed C2C merchants and keeping an eye on Binance announcements to avoid phishing attempts and fake customer‑service contacts.

Security Architecture and Risk Mitigation

Binance is at the forefront of security in the crypto space, employing cold‑wallet segregation, the SAFU insurance fund, 24/7 intelligent risk monitoring, and a stringent KYC real‑name system to protect both retail and institutional users.

  • Suspicious logins, cross‑region operations, or abnormal withdrawals trigger automatic locks and alerts.
  • If your phone is lost or your email is compromised, secondary verification and behavior‑based risk controls help limit potential losses.

In 2019 the platform suffered a hacking incident; Binance compensated roughly 4,000 BTC through its insurance fund and subsequently tightened security, mandating Google Authenticator binding, upgrading anti‑phishing codes, and enhancing fraud monitoring, which dramatically lowered risk.

Bottom line: As long as you avoid clicking phishing links and keep your passwords safe, Binance’s security suite is sufficient for most users to trade with confidence.

Chinese‑Language User Experience and Customer Support

Binance’s Chinese support is often regarded as an industry benchmark:

  • 24‑hour live customer service available via WeChat, in‑app tickets, live chat, and email.
  • Comprehensive Chinese FAQ and video tutorials covering common issues.
  • Active Chinese community and ambassador teams that can provide instant assistance.

All promotions, announcements, and guides are fully localized, lowering the learning curve for newcomers.

Which Users Is Binance Best Suited For?

Binance is a versatile, all‑in‑one platform that fits the following profiles:

  • Veteran traders who demand deep liquidity and minimal slippage.
  • High‑frequency traders seeking low fees and rebate programs to boost net returns.
  • Users who need to switch among multiple tools (fiat on‑ramps, leveraged products, copy‑trading, savings) seamlessly.
  • Investors who prioritize account and asset safety and prefer a hands‑off experience.
  • Beginners with limited English proficiency who desire a fully Chinese‑language interface and support.

If you want to buy and sell digital assets efficiently and securely, Binance is a reliable choice.

Frequently Asked Questions (FAQ)

Is Binance safe? Will stolen funds be compensated?

Binance employs multi‑factor authentication, cold‑wallet segregation, the SAFU insurance fund, and other security mechanisms. When past hacking events occurred, the platform fully compensated affected users. Using the official app and enabling two‑factor authentication can mitigate most risks.

Can a beginner buy crypto directly on Binance? Is the process difficult?

Yes. The workflow is: register an account → complete KYC → enter the C2C marketplace → purchase crypto → assets appear in your wallet. If you encounter any issues, you can contact the official Chinese support team or consult the platform’s beginner tutorials.

What kind of savings products does Binance offer? How safe are they?

Binance provides flexible savings, fixed‑term deposits, staking, dual‑currency investments, liquidity mining, and DeFi aggregation yields. Mainstream products are backed by platform security guarantees; beginners are advised to start with officially recommended, high‑visibility options and steer clear of unusually high‑return schemes.

Will withdrawals be limited? How long do they take?

Once KYC is completed, withdrawals of major cryptocurrencies typically arrive within minutes. Large or sensitive transfers may trigger manual risk review, but compliant users should not face prolonged restrictions. Keep an eye on official security notices to protect your personal information.

Does Binance have a mobile app? How is the experience?

Yes, Binance offers Android and iOS apps whose functionality mirrors the web version, covering market data, trading, savings, futures, and more. The app pushes real‑time notifications for promotions, announcements, and risk alerts, delivering a smooth experience that is recommended for both newcomers and frequent traders.

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*Please note that cryptocurrency gains may be taxable in your local jurisdiction. Consult a tax professional for advice relevant to your situation.*

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This completes the Binance Registration and Identity‑Verification Tutorial (Tailored for Mainland Chinese Users). For more Binance‑related guides, follow Bitaigen (比特根) and explore additional articles!

Related Reading

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⚠️ Risk disclaimer: Crypto prices are highly volatile. This article is not investment advice. Invest responsibly at your own risk.