How to receive crypto-currencies on Binance ?

How to receive crypto-currencies on Binance ?

You want to use Binance to receive crypto-currencies, but you don’t know how it works. No problem, since this provides you with this step by step guide to achieve this.

Your registration on Binance

Before receiving crypto-currencies on Binance, you have to register on this platform. However, you should not experience the slightest difficulty, because you simply follow the different steps. Choose the language in which you want the platform to be displayed. You will then need to enter your email address and set your password. However, to ensure greater security, we recommend that you choose a password that is fairly complex. Please also note that you can receive a second level of protection using Google Authenticator. If this feature is totally optional, it is still very strongly advised to take advantage of it in order to protect even more of your crypto-currencies.

The verification of your identity

However, you can’t even take full advantage of your account on Binance. Your identity must be verified in order to unlock all the features. However, this is not complicated because you simply follow the steps that are provided to you. In a first time, say if you are a resident or not in China. Once that is done, you must fill in several personal information, including your name, your first name, your gender and the country in which you live. You will then need to give the number of your identification and provide a photocopy double-sided. Finally, it is necessary you take a picture holding your id and a paper on which the date is recorded.

Create a portfolio on Binance and receive crypto-currencies

However, in order to receive the crypto-currency on Binance, you must have a portfolio to receive and store. This option exists on Binance. To be able to use it, simply generate a new address. For this, go to your profile and click on ” Generate New Address “. You will then only have to provide this address to the issuer which will imperatively need to set up the shipment.

However, please pay great attention when you use this address. A shipment of crypto-currency is irreversible, which means that in case of a mistake in the address for receipt of the crypto-currency sent will simply be lost permanently. Therefore, we advise you, to you and to the issuer, do not use this address by copy and paste. Once the transaction is accepted and validated, you will receive your crypto-currency directly into your account Binance.

 

What you must remember

  • Before you can receive the crypto-currency on Binance, you must create an account on the platform.
  • You will also need to provide proof of address to be able to prove your identity.
  • You must generate a new address of which the issuer will be absolutely necessary for you to send the crypto-currency.