Binance is currently one of the largest digital currency exchanges and is very popular among cryptocurrency traders. The platform has a wide range, is suitable for novice and experienced traders and has all the papers and permits to operate. In this manual we explain step by step how to transfer cryptocurrency to Binance, how to execute a buy or sell order and how to convert it back into euros. In our Binance review you will learn more about the exchange itself and in this manual we mainly focus on how the exchange itself works with What Time Does Green Dot Post Direct Deposits?



An account is required to use the exchange. Registering is easy and only requires an email address and password. If you already have an account, you can of course skip these steps (1 to 6).

Go to the official Binance.com website. Register immediately for bitvavo.com/create so that you can buy cryptocurrency with iDEAL.

Click Register at the top right

Enter your email and password (make sure to use a unique password that you don't use anywhere else)

Referral ID: JCJBWGY7 (with this code you will receive a 20% discount on all costs for life)

Agree to the terms and click Register

After solving the puzzle, you will receive a confirmation email to verify your email address

Safety precautions

If you are going to trade on the cryptocurrency market, safety is paramount. Unfortunately, there are people who surreptitiously try to find out your account information, and they have to be just one step ahead of you. By following the steps below you make it very difficult for these people to find out your data:

Always log in via the official link:  Binance.com  and save it to your favorites

Always have  Binance.com  and a green lock in the address bar Binance.com Green Lock in Address Bar

  • Download the Authenticator App and enable 2-step verification
  • Never give your password to anyone, not even the Binance helpdesk
  • Use a password for Binance that you haven't used anywhere else
  • Never use a search engine ad to get to Binance

Verification

For most people, a regular account without verification is more than enough. You can then withdraw/trade up to 2 Bitcoin per 24 hours and do not have to send any documents. If you want to trade more than 2 BTC in 24 hours, you have to verify yourself by sending your ID with a selfie of yourself. The instructions for this are explained on the verification page with Auto Clicker For Chrome Book.



Video tutorial how Binance works

Depositing euros or cryptocurrency

You can think of Binance as a cryptocurrency exchange office where you exchange cryptocurrency for another cryptocurrency. Just like, for example, you exchange your euro notes for dollar notes when you go to America. To use the exchange you need credit and you do this by depositing euros or crypto in your Binance account.

  • Euro deposit with iDEAL or bank transfer
  • Make sure you are logged in to  Binance.com
  • Go to  Wallet in the top right and click on Fiat and Spot.
  • Search for EUR or Euro in the search field .
  • Click Deposit .
  • Choose from iDEAL or Bank transfer.

The deposit is then made through a third party, this is often Banxa and is registered with De Nederlandse Bank . Keep in mind that Dutch law obliges crypto companies to have full identification performed when making a euro payment. Unfortunately you can't get around this.

After a successful deposit you can use a euro trading pair to convert your euro to crypto, for example BTC/EUR or ETH/EUR.