Binance Tutorial for Beginners: A Step-by-Step Guide in Tagalog

In today's digital world, cryptocurrencies have become a significant part of our lives. One platform that has dominated the cryptocurrency trading space is Binance. With its user-friendly interface and extensive selection of cryptocurrencies, it offers an excellent opportunity for beginners to start their crypto journey. In this article, we will guide you through a step-by-step process on how to get started with Binance in Tagalog, ensuring that even those who are new to the world of cryptocurrency can navigate the platform easily.

What is Binance?

Binance is an international cryptocurrency exchange based in Malta. It is known for its low fees and a wide range of trading pairs including altcoins and cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Binance also operates a decentralized finance platform called Binance Smart Chain (BSC), where users can engage in various DeFi projects such as yield farming and staking.

Why Use Binance?

Low Trading Fees: Binance charges 0.1% commission on most trades. This fee is among the lowest in the industry, making it an attractive platform for traders looking to maximize their profits.

User-Friendly Interface: The user interface of Binance is clean and straightforward, making it easy even for beginners to navigate.

Diverse Crypto Selection: Binance offers trading pairs for hundreds of cryptocurrencies, giving users a wide range of options to choose from.

How to Create an Account on Binance

To begin your crypto journey with Binance, you need to create an account and complete the following steps in Tagalog:

Step 1: Visit the Binance Website

First, go to [https://www.binance.com](https://www.binace.com) and click on "Trade" to access the home page of Binance.

Step 2: Sign Up

Click on the "Sign Up" button located at the top right corner of the screen. You will be prompted to choose between creating a trading account or a professional account. For beginners, it's recommended to select "Trading Account."

Step 3: Verification Process

Binance requires users to undergo identity verification as per regional laws and regulations. This process is divided into two main stages:

Stage 1: Basic Information Entry

Enter your email address, desired Binance user name, password (strongly recommended to be at least 8 characters), and phone number.

Choose the type of account you wish to open (trading or professional).

Select a country from the dropdown menu.

Stage 2: Identity Verification

Upload documents for ID verification. For Filipino users, Binance accepts valid government-issued identification such as a driver's license, passport, or voter's card. The document must clearly display your face and personal information (full name and date of birth).

Once you have uploaded your identification, go to the "Verification" section on the left side of the page and click on "Finish Verification" to complete this step.

Step 4: Deposit Funds

After completing verification, you can start depositing funds into your Binance account using various methods such as credit/debit card, bank transfer (SEPA or non-SEPA), or other supported cryptocurrencies like Bitcoin and Ethereum.

Commonly Used Features of Binance

Now that you're set up on Binance, here are some features to help navigate your trading experience:

1. Trading Fills

Binance uses an Order Book system, where bids (buy orders) and asks (sell orders) are displayed for a specific cryptocurrency pair. The midpoint between the highest bid and lowest ask is known as the "Trading Price" or "Current Price".

2. Buy/Sell Crypto

To buy or sell cryptocurrencies, click on the coin you wish to trade in the left menu bar and select "Buy” for purchasing or “Sell” for selling your crypto. Enter the amount you want to buy or sell, choose the currency pair if necessary, and fill out any other relevant fields before placing your order.

3. Deposit and Withdrawal

For deposit instructions on various cryptocurrencies, click on "Deposit" in the left navigation bar. To withdraw cryptocurrency from Binance, select "Withdraw" from the same menu. Enter the amount you wish to withdraw and choose your preferred method of withdrawal (bank transfer, credit/debit card, or another cryptocurrency).

4. Binance Futures and DEX

Binance offers futures trading for advanced users and a DEX platform where users can swap cryptocurrencies without an intermediary party. Binance Smart Chain (BSC) is also available for staking, yield farming, and other DeFi activities.

Conclusion

By following this step-by-step guide, you should be well on your way to exploring the world of cryptocurrency through Binance. Remember to always practice caution when investing in cryptocurrencies and stay updated with the latest market trends. Binance is a powerful platform that can help bring value into your life, but it's essential to approach it with knowledge and responsibility.

Investing in cryptocurrencies carries risks, including loss of principal. Always do your own research before making investment decisions. For more detailed information or support, visit the [Binance Help Center](https://help.binance.com/).