How to Register on Binance: A Complete Step-by-Step Guide [2026]

1. What is Binance?

Binance is one of the world's largest cryptocurrency exchanges. Founded in 2017, it has consistently led daily trading volume and supports more than 350 cryptocurrencies in this guide's figures. Its services include spot, futures, margin, staking and NFTs.

Korean investors primarily use it for a wide range of coins, low fees and futures access. Many altcoins unavailable on Upbit or Bithumb are listed on Binance, and futures leverage can reach 125×.

2. What to prepare

Email address: A valid address for registration.
Mobile phone: Your own phone for SMS verification.
Identification: A passport or driving license for KYC.
Selfie: A photograph of your face for identity verification.

3. Step-by-step registration

Step 1: open the registration page

Registering through the fee-discount link below applies a permanent trading-fee discount of up to 20%. The process is the same as ordinary registration, with referral benefits applied through the link.

🎁 Register for a Fee Discount

Save up to 20% on fees compared with ordinary registration.

Step 2: set your email and password

Enter your email address and create a strong password of at least 8 characters, including uppercase and lowercase letters, numbers and special characters. Never reuse a password from another site.

Step 3: verify your email

A 6-digit verification code is sent to your email. Check the spam folder too. It usually arrives within 1–2 minutes.

Step 4: KYC identity verification

Know Your Customer verification is required for full use of Binance. Basic functionality may be available without verification, but withdrawal limits are extremely restricted.

Open the profile menu → Verification.
Select nationality → South Korea in this Korean-user example.
Upload identification: photograph the passport or both sides of the driving license.
Take the requested selfie showing your face and identification.
Wait for review, usually 10 minutes to 24 hours.

💡 KYC tip

Blurry images or reflections may lead to rejection. Take clear photographs in good light and check that every character on the identification is readable.

4. Essential security settings

Configure these security items immediately after registration:

1. Google Authenticator and 2FA

This is the most important security setting. Install Google Authenticator and connect it to Binance so that logging in requires an additional 6-digit code. Using an exchange without it is like leaving home with the front door open.

2. Anti-phishing code

A code you choose appears in emails sent by Binance. Treat messages without the code as suspicious and do not click their links.

3. Withdrawal whitelist

This limits withdrawals to addresses registered in advance. Even after an account compromise, withdrawals to unlisted addresses are blocked.

5. Deposit methods

There are three broad ways to fund Binance:

1. Transfer from a Korean exchange to Binance

This is the most common method described here. Buy XRP or USDT on Upbit or Bithumb, then send it to your Binance wallet address. XRP is suggested in the guide because transfers are fast and fees are low.

2. P2P trading

The Binance P2P market allows direct trades with other users using Korean won. The process involves paying by bank transfer and receiving USDT.

3. Credit or debit card

You can buy cryptocurrency directly with a card, but the guide does not recommend this because fees of 2–3% are high.

6. Fee structure

The standard spot fee described here is 0.1%, among the industry's lower rates. A referral registration applies a further 20% discount, reducing the effective rate to 0.08%.

Standard spot: 0.1% → 0.08% after discount.
Futures maker: 0.02% → 0.016%.
Futures taker: 0.04% → 0.032%.
Paying in BNB adds a 25% discount.

💰 Fee-saving tip

Combining the 20% referral discount with the 25% BNB payment discount can reduce the spot rate to 0.06%. Over time, this can amount to hundreds of thousands of Korean won.

7. Frequently asked questions

Q: Is using Binance legal in South Korea?

The 2026 guide states that using an overseas exchange is not itself illegal in South Korea, while income from overseas exchanges may carry tax-reporting obligations. Consult a qualified professional on tax matters.

Q: Has Binance ever been hacked?

There was a hack in 2019, after which Binance used its Secure Asset Fund for Users, SAFU, to reimburse the losses. Security was subsequently strengthened, and the guide describes it as among the industry's strongest.