It can be difficult to know exactly how to join the Bitcoin world when you are just beginning out. There is a lot of information that can be obtained which can make it an extremely overwhelming task. So, how can you register for a Bitcoin account?
In order to register a Bitcoin account, new users must provide the exchange platform of their choice with their email, phone number, and name first. After this, they can decide the amount of money they wish to add to their account to be used when beginning to buy and trade Bitcoin.
There are many things to consider when you are first registering for a Bitcoin account which can be overwhelming. There are a lot of decisions to be made before you are able to successfully register a Bitcoin account. However, after conducting research pertaining to registering a Bitcoin account, the following information has been compiled to help you successfully set up your own account.
Click here to become a member the world's largest bitcoin exchange Binance.
Selecting an Exchange Platform
Before making the decision of which exchange platform works best for your needs there are some things that should be considered. Different exchange platforms offer different benefits to their users, which can make selecting one a difficult decision. Before committing to one of these exchange platforms, it’s important that you are aware of which of these platforms is able to best meet your financial needs in order to help you reach your goals.
The first thing that should be considered is the fees that an exchange platform offers. While not all of these require a fee, many exchange platforms require their users to pay a small fee when trading Bitcoin or another cryptocurrency. It is important that you are aware of which of these exchange platforms require these fees, and the amount that is required for each transaction. Using the platform with the lowest fees allows you to earn the most without losing a large number of your earnings to the fees.
A second thing that should be considered is whether or not the exchange platform offers a refer-a-friend program. This is a benefit that isn’t offered by every exchange program, however, it is an aspect of one that can seriously benefit a user. Rather than only being able to earn Bitcoin by buying, selling, and trading, when you use an exchange platform that offers a refer-a-friend program, you can earn Bitcoin by simply getting your friends to choose this platform as well.
Thirdly, look at whether the exchange program has a mobile app. Not every exchange platform offers a mobile app option, however, it can be beneficial to decide on using an exchange platform that offers one. A mobile app allows you to regularly check on your account. This gives you the opportunity to easily be able to buy, sell, and trade Bitcoin among other types of cryptocurrency. Not only can you more easily access your account through a mobile application, but you have an easier time getting notified or updated about various aspects of your account. Rather than just having to log in and hope that you didn’t miss anything or waiting for an email to come through updating you with the details, a mobile app sends you notifications that allow you to constantly stay up-to-date on everything happening with your account.
Fourth, consider the security that an exchange platform has for personal information. When creating a Bitcoin account, there is personal information that is required. With providing personal information, it becomes crucial that your information is able to be safe. A major concern many people have when it comes to exchanging Bitcoin and other forms of cryptocurrency is that their private information would get into the wrongs. It’s very important you select an exchange platform that is secure and provides its user with better security than others. This will all you to buy, sell, and trade cryptocurrency without needing to worry about any sensitive information being leaked.
A final thing to consider before picking an exchange platform is customer service. No matter how high an exchange platform is rated, there is going to be some form of issue with the system that may result in you needing to get in contact with either customer service or customer care. This makes it important that the exchange platform you decide on has a customer care department that has been rated decently. This ensures that any and all questions you have pertaining to your account can be answered and resolved in a timely manner.
Why Should You Consider Binance?
Binance is an exchange platform that is being used by many throughout the United States, but its popularity among people throughout the country is not the only reason you should consider selecting it for your exchange platform. This exchange platform was created in 2019 and has an entire team of people who are dedicated to ensuring you are able to exchange cryptocurrency with ease.
In addition to being used by many others, Binance has one of the lowest trading fees among exchange platforms. While there are some fees for various aspects of this exchange platform, exchanging Bitcoin is completely free through Binance. This allows you to be able to fully profit from the amount of Bitcoin you are purchasing and trading. For other aspects of the platform, there are certain tiers that determine the trading fee. This ensures that everyone is trading and exchanging on an even playing field.
There is a refer-a-friend program that allows you to invite your friends or family members to create Binance accounts while earning you ten dollars for each person who signs up. This program not only allows you to earn while inviting your loved ones to join the world of cryptocurrency, but it also allows you to ensure that they are exchanging cryptocurrency securely and safely.
Binance has a fully staffed support team that is available to answer any of the questions you may have while creating your account or even while exchanging Bitcoin. These employees are able to answer and resolve any issues on your end in a swift and professional manner. In addition to individuals who are able to help you with any of your concerns, there are also articles listed on the Binance website that makes it possible for you to find a solution to your problem without needing to reach out to anyone.
Not only can Binance be accessed online or in a web browser, there is also a mobile app that gives you the opportunity to check on your account at any location or time of the day. Rather than needing a computer to log into your account, you are able to get alerts and notifications on your mobile phone easily. This can provide you with a sense of peace as you remain up-to-date and informed about everything that is happening with your crypto exchanges and interactions on this exchange platform.
Other Beginner-Friendly Exchange Platforms
There are many exchange platforms that are extremely beginner-friendly are make it easy for you to create a Bitcoin account if you are unfamiliar with the cryptocurrency world aside from Binance. It is important that the exchange platform that is being used is one that matches your skill level. If an exchange program isn’t a match for your specific skill level, it can result in you being unable to be successful in your financial pursuit.
A commonly used exchange platform for beginners is Robinhood. This platform not only allows new users to easily make an account, but it also provides them with information on various aspects of exchanging cryptocurrency. This would give you the chance to learn all the information you need in order to successfully meet your financial goals.
Coinbase is a great exchange platform for you if you are completely unfamiliar with the world of cryptocurrency. A new user is able to quickly create an account and begin learning all about exchanging cryptocurrency. Most beginners are unaware of what goes into exchanging cryptocurrency. So it’s important that beginners find a way to inform themselves on the necessary topics so they are able to make educated decisions when it comes to their financial decisions.
An exchange platform that many individuals switch two after they have begun to feel confident in their understanding of exchanging cryptocurrency is Kraken. This exchange platform has reasonable trading fees which makes it a good option for people not looking to spend a lot of money on fees. In addition to the trading fee, Kraken offers its users a great customer service team that is there for any questions or concerns you might have.
There are many other beginner-friendly exchange platforms that are available at the touch of your fingertips. Rather than having to jump through a lot of hoops in order to make an account with these platforms, the process for creating an account is rather simple and tends to be universally used.
Information Needed to Create an Account
When creating an account with any exchange platform, it’s important that you are only giving the required information. There are some websites or mobile apps that appear to be real, however, they ask for extremely sensitive information that should not be shared online. It is important you are aware of what information is required and what information can show whether or not these platforms are legitimate.
Many exchange platforms require you to provide them with either an email address or a phone number. This allows the platform to be able to verify the account and can be used to reset the account’s password when you need it. In addition to either an email or a phone number, all platforms require your name. This is needed for legal purposes as well as tax purposes. The final information that is commonly required is your address. Providing your address just allows the platform to know whether or not you are within the area needed to be exchanging cryptocurrency in an area.
If a platform is asking for any other sensitive information, it is very likely that this is not an actual account. You should never need to provide your social security number or any other government identification number in order to be able to register for an account. When creating an account if you are prompted to enter any type of government identification number, it is important not only to refrain from providing this information but also to report the website or app. Requesting this type of sensitive information can result in identities being stolen.
What’s Needed to Create a Binance Account?
When creating a Binance account, you are first asked for your name. This exchange platform asks for both first and last names. After providing this information, the next prompt is for you to provide either a phone number or an email. The next prompt should be to provide a password for your account. This allows you to have access to your account without any hassle.
After providing the exchange platform with this information, you should get a verification email or text message depending on which information you provided. This allows you to verify that the email or number provided is actually linked to the account.
Once you have finished these steps, you will be able to begin exchanging cryptocurrency. It is important to note that there is a limit that you have to have on your account in order to begin trading. For Binance users, a minimum of ten dollars must be added before you can start exchanging Bitcoin or any other cryptocurrency.
Other Things to Know
Before you begin exchanging cryptocurrency, it is important that you are able to stay well informed. This allows you to be able to make educated decisions when it comes to your exchanges. Whenever any finances are involved, it is important that everyone is able to remain informed and educated about what is happening.
Another thing to consider before beginning to trade cryptocurrency is how much money you want to transfer into cryptocurrency. It is important that you are not converting more money than you have.