While Binance is one of the newest cryptocurrency exchanges available in the crypto market, it has quickly attained a high level of trust from its users and the digital currency community as a whole. Although the exchange fails to provide users with enough information on how the funds are being secured, we like to believe that security is treated on a serious note. The two-factor authentication (2FA) is available and it is always a reaffirming sight. It is however known that the platform offers a multi-tier system architecture.


Some hackers tried to pull off an audacious move which was detected by the automated systems in place at the exchange. For months the hackers had been said to be accumulating people’s logins via a phishing website and secretly installing API access on the affected accounts. After which they struck, converting all the victims’ altcoins to BTC and purchasing Viacoin, pumping the coin to a huge price and then selling their own supply of Viacoin at the high point. After which they withdraw the BTC to their own wallets. Luckily no one lost funds as the hack was detected on time and the only people to lose out were the hackers, whose funds would be donated to charity.
This hack was made possible by people entering their site logins and 2FA details into fake websites. Please, do well to always make sure you are on the correct Binance url before logging in. I recommend you bookmark the site and only use that to access it. Never click links from emails, Twitter, Telegram etc. As always, take safety precautions such as using a unique password for signing up, switch on 2-factor authentication and try not to hold a large balance on the exchange itself for too long – remember to withdraw your currencies to your own private wallet.


Nonetheless, this event has done a lot to instill confidence around Binance, not only did their automated processes detect the attempted hack before anyone lost any funds, they have since offered a $250,000 bounty to anyone who can help catch the hackers. Throughout this event, Binance acted exemplary and has been praised for their swift action in resolving this.
Binance is a popular cryptocurrency exchange which was started in China but moved their headquarters to the Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. While the company is still fairly new on the market it has managed to gain a lot of popularity thanks to its impressive number of Initial Coin Offering listings, professional attitude and also due to its low trading fees.
Recently, Binance began plans to launch their own Decentralized Exchange (DEX):The BNB digital asset is now an ERC-20 token, which will migrate as the native token of that network and be used for paying the trading fees on the new exchange
More to that is the fact that BINANCE is partnering with Neufund to build the world’s first Decentralized Stock Exchange. Alongside the Malta Stock Exchange, they are aiming to create a regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets.
On the 16th of January 2019, Binance announced the launch of a new Fiat to Crypto exchange named Binance Jersey. The trading platform is live and active and allows you to trade in fiat currencies such as euros and pound sterling, with Europe being their target market.
Currently, it is one of the fastest exchanges available in the market (1.4 million orders per second). Additionally, the exchange works on all forms of devices, including web, Android, WeChat, and HTML5. Even Non-English speakers will be happy to know that Binance offers multiple-language support in Chinese, English, Korean and Japanese.
Based on everything that has been outlined so far, Binance is undoubtedly the leading Cryptocurrency Exchange and offers great fees and awesome digital currency support. Not only do they have one of the largest selections of coins to buy, but they are also the largest exchange by reported volume. Binance reportedly has access to abundant resources and partners, chances are that Binance will continue to evolve and offer great digital currency exchange services to its clients. We are happy to recommend Binance and have added it to our list of the Best Cryptocurrency Exchanges.
Moreover, they are well regarded in the cryptocurrency community for professionalism and security. While hackers have tried on countless occasions to breach their systems, they have remained one step ahead.

How to Register on Binance for Beginners

The process of buying and selling Cryptocurrencies has never been easier. With many a Cryptocurrency springing up everywhere, all thanks to Blockchain technology, one needs an exchange market that has proven to guarantee the authenticity of the coins being traded and safety of the traders.

Binance is a Cryptocurrency exchange market with over 1.3 billion dollars in market capitalization. It has grown over the last few months to become one of the best exchange markets for Cryptocurrency. Its quick rise up the ranks of exchange market is due to its security systems that protects registered users and a wider range of Cryptocurrencies on its market, boasting of more than fifty “coins”.
Binance helps to bring those who have cryptocurrencies to sell in contact with those who want to buy. The ever dynamic state of the Cryptocurrency world mean that buyers and sellers need to know which cryptocurrency is doing well in the market and for how much it goes.

The Blockchain technology incubator that Binance uses is called Binance labs. This technology focuses on nurturing the promising Pre-ICO stage projects. It also accepts a wide range of new Cryptocurrencies for exchange. It offers a multi-tier and multi-tier system architecture.
When you visit the home page of the website, you would be welcomed with a live streaming of ongoing events in the market – the cryptocurrencies that are gaining and those that are losing, alongside their prices in Bitcoin equivalent. This information helps you navigate the waters of buying and selling on the platform.
You also have a live stream of the coins at the top and how much they go for as well as their available volume.


When you go to the website (click here), you are taken to the homepage of Binance. There you would see two tabs at the top right corner of the page: “Register” and “Log in”.

It takes you to another page that asks for your email, password and referral ID.
The password is supposed to have a minimal of eight characters and an Uppercase character.
If you use a password without uppercase, it would show you this

After registering, a mail will be sent to you with a link asking you to confirm your email address.

When you click on the link, your account is verified automatically.
After that, you would be able to log in to your Binance account with your email and password.
This takes to your homepage. This is the first level and does not require you upload your photo ID. The drawback however is that only 2BTC can be withdrawn daily with the level 1 account.
The level 2 account however allows for up to 1000BTC daily withdrawal.


After registering, the next phase is funding your wallet.
At the top corner of the homepage, there is a tab for “funds”. Underneath the “funds” bar are “deposit” and “withdrawal”.

Click on the deposit.
When you click on the deposit, a tab appears asking you to select the coin you want to deposit.

When you click on the coin you want to deposit, a wallet address for Binance is created for you. This wallet address is specific to the coin you selected.

If you wish to deposit to your Binance wallet, you deposit only to the specific coin wallet address. Every coin has its own wallet so be careful not to deposit on another Coin’s wallet.


After registering and funding your account, you can now move on to exchange
At the far right corner, you will see a tab for exchange.
Click on it.
It displays afterwards “Basic” and “Advanced” exchange. Click on the Basic exchange.

A page that shows the different coin pairings along with a chart is displayed.

Click on the pairings you want, like in the image above.
When you click on the pairing you want, a page would load that would display at the left hand corner of the page the prices that people are willing to buy and the prices they are willing to sell.
In the middle, a red font displays the last price that it was exchanged for.

At the bottom of the page is the “Buy” and “sell” tab.
Click on any of them. You can manually enter the prices you a wish to sell or buy.

The moment you finish with your order -either to buy or sell – it shows on “open order” section.
To see your new currency, head over to your “deposit” and “withdrawal” menu where you can withdraw it to the wallet you prefer.