How to receive Bitcoin (BTC) on Binance ?

How to receive Bitcoin (BTC) on Binance ?

You want to receive Bitcoin on Binance, but you don’t know how to do it ? No problem, we will show you how to proceed step by step.

Your registration on Binance

Before you can receive Bitcoin on Binance, you have to register on this platform. But you should not encounter any problems, since it is very easy. You simply have to follow different steps. To begin, select the language in which you want to use the interface. Then, you must specify your e-mail address and set your password. However, we advise you to create a password that is fairly complex, in order to limit the risk of your account being hacked. You can then add a second protection to your account by using the Google Authenticator app. This will allow you to completely secure your crypto-currency.

The verification of your identity

However, even if your account is validated, you can not yet the full benefit of Binance. Indeed, for this, your identity needs to be verified. But, again, this is really not complicated. You just need to follow all the steps that are provided to you. The first is to determine whether or not you are a resident chinese. You will then need to provide several pieces of personal information, that is to say your first name, last name, your gender and the country in which you reside. Once this is done, you will need to indicate the number of your identification and provide a photocopy double-sided. Finally, it only remains for you that to take a picture of you then you have to hand your id and a piece of paper on which you have previously indicated the address of the day.

Create a portfolio on Binance and receive Bitcoin

However, before you receive Bitcoin, you need something to receive it and store it. It is for this reason that you need to create a portfolio on Binance. To create it, go to your profile and create a new address by clicking on ” Generate New Address “. Once this is done, you will need to provide this address to the sender of the shipment, which will be absolutely needed to send you the Bitcoin.

But you need to pay particular attention when you use this address. It absolutely must not be wrong since a sending of bitcoins is irreversible and that in case of any error Bitcoin would be permanently and irretrievably lost. We therefore recommend that you only use this address using the function copy-and-paste. Once the transaction is accepted and validated, the Bitcoin is transferred directly into your account Binance.

What you must remember

  • Before using Binance to receive Bitcoin, you need to create an account on this platform.
  • You will also need to provide proof of address so that your identity is verified.
  • You must generate a new address of which the issuer will absolutely need to be able to send you the Bitcoin.