In recent years, public interest in cryptocurrencies has grown considerably, their market has expanded, and the main digital assets have risen in price by several orders of magnitude. Virtual money has turned into a reliable asset, which is used as a tool to save money and earn money. There has been a demand in the market for trading platforms that allow transactions with cryptocurrencies. One such platform is the Binance exchange.
Binance is an online cryptocurrency platform that combines the functions of:
- exchange;
- blockchain network;
- cryptocurrency wallet;
- mining pool;
- information center;
- an educational resource, as well as other opportunities.
Binance was founded in 2017, with an initial audience of about 20 thousand users. The attendance of the exchange was growing dynamically, due to which already in early 2018 it had to update its architecture to improve performance. In January 2018, the exchange became the largest cryptocurrency exchange in the world by trading volume. Since 2020, the average daily turnover of funds has exceeded $3 billion and continues to grow. At the time this review of the Binance exchange was being prepared, the number of transactions made on the site exceeded 1.4 million per second.
How to log in to the official Binance exchange
To log in to the Binance exchange, you need to use the email and password you specified during registration. Since the service provides financial services, multifactor authentication is used for enhanced protection of user data. You will need e-mail, password and phone number to sign in to your personal account. To sign in, follow this procedure:
Click the “Login” button located in the upper right corner of the page.
Choose an authorization method and enter your email or phone number and password.
Pass the robot test by moving the missing piece of the puzzle to an empty spot on the picture.
Send a confirmation code to your phone and enter it.
Logging in from your phone is similar, but requires double verification. In addition to the confirmation code sent to the phone, you need to enter the code from the email. After that, the entrance to the Binance site will be completed.
Personal cabinet Binance
Interaction with the exchange is carried out through the personal cabinet of Binance, the entrance to which is opened by the icon in the upper right corner. It contains the following sections:
Toolbar. It contains general information about the profile and tools for account management. The account status and the estimated value of assets, data on the last devices and addresses from which you logged in, open orders, commission level and other useful information are displayed.
Security. In this section, you can configure the account security. You can set a security key, bind Google Authenticator, change your phone number, email, and password, manage your devices, and more. If you change your authorization data, some transactions on your account (mostly withdrawals) are frozen for a day for security reasons.
Verification. Here you can find information about user verification and current transaction limits.
Referral program. The menu displays the user’s status in the referral program, statistics of invitations, information about cashback and percentage of commission received by the user.
Rewards Center. The section shows the rewards and bonuses received by the client from the exchange. There is also a menu for entering a voucher code, designed to get some kind of gift or privilege.
Job Center. In this menu you can see the received tasks of the service, for which the user is entitled to a reward.
API Management. You can create your own API here to access the markets and other information of Binance in real-time through third-party sites and mobile applications.
Exchange services of Binance, not included in the “Personal account”, are available on the main page of the portal. There you can go to buy cryptocurrencies for fiat money, view markets and current quotes, open the trading menu, and access other services provided by Binance.