How to Use Bi'an Wang? Complete Beginner Tutorial from Registration to Trading

Bi'an Wang Beginner's Guide

"Bi'an Wang" is simply another name for Binance, the world's largest cryptocurrency trading platform by user count. Many newcomers to crypto are curious about it but don't know where to start. This tutorial will guide you through everything from scratch. The first step is naturally to register a Binance account, and mobile users are recommended to also download the Binance APP to manage your assets anytime, anywhere.

Registering an Account

Registration Process

1. Visit the Binance official website or open the APP
2. Tap the "Register" button
3. Choose to register with email or phone number
4. Set a password (at least 8 characters, including upper and lowercase letters and numbers)
5. Enter a referral code (for fee discounts)
6. Complete the captcha verification
7. Enter the verification code sent to your email/phone
8. Registration complete

Identity Verification (KYC)

After registration, you need to complete identity verification to access all features:

1. Go to the "Identity Verification" page
2. Select your nationality
3. Upload identity documents (ID card, passport, or driver's license)
4. Complete facial recognition
5. Wait for review (usually completed within minutes)

After completing KYC, you can:

• Use P2P trading to buy and sell cryptocurrency
• Access higher daily withdrawal limits
• Participate in Launchpad events

Depositing Funds

P2P Trading (Recommended for Beginners)

This is the simplest way to deposit, similar to buying something online:

1. Tap "Trade" → "P2P"
2. Select "Buy"
3. Choose the currency you want to buy (beginners should start with USDT)
4. Select a payment method (bank card, Alipay, etc.)
5. Choose a merchant and enter the purchase amount
6. Pay according to the merchant's payment details
7. After paying, tap "Paid"
8. Wait for the merchant to release the coins

Crypto Deposit

If you already have cryptocurrency on other platforms, you can deposit it to Binance:

1. Tap "Wallet" → "Deposit"
2. Select the currency to deposit
3. Choose the deposit network (must match the sending platform)
4. Copy the deposit address
5. Withdraw from the other platform to this address

Spot Trading Tutorial

Buying

1. Tap "Trade" → "Spot" at the bottom
2. Enter the coin you want to trade (e.g., BTC) in the search box
3. Select the trading pair (e.g., BTC/USDT)
4. Select "Buy"
5. Choose the order type:
   • Market Order: Execute immediately at the current price
   • Limit Order: Set your desired price and execute when reached
6. Enter the buy amount or quantity
7. Tap "Buy BTC" to confirm

Selling

Similar to buying, just select the "Sell" direction:

1. Select "Sell" on the trading page
2. Choose the order type and quantity
3. Confirm the sale

Viewing Positions and Orders

• Current Holdings: View all held coins on the "Wallet" page
• Open Orders: See unfilled orders at the bottom of the trading page
• Trade History: View all completed trades

Common Features Guide

Earn

Binance Earn offers various products for earning passive income on your holdings:

• Flexible Savings: Deposit and withdraw anytime, typically 1%-5% APY
• Fixed Savings: Longer lock-up periods with higher yields
• Launchpool: Stake BNB to earn new tokens for free
• DeFi Staking: Participate in decentralized finance protocols

Futures Trading

Futures allow leveraged trading with both long and short positions. However, risks are also amplified.

Strong advice for beginners: Get comfortable with spot trading first before trying futures. Start with the lowest leverage (2-5x) and control your position size.

Binance Pay

Similar to PayPal, you can transfer cryptocurrency to other Binance users with zero fees.

Red Packets

Create cryptocurrency red packets to send to friends — supports both equal-amount and random-amount packets.

Essential Security Settings Checklist

Complete the following security settings immediately after registration:

1. Enable Google Authenticator

This is the most important security measure:

1. Download the Google Authenticator APP
2. In Binance security settings, select "Google Authenticator"
3. Scan the QR code to link
4. Be sure to back up the secret key — you'll need it if you lose your phone

2. Link Phone Number and Email

Make sure to link both your phone number and email for an extra layer of security.

3. Set Anti-Phishing Code

In security settings, set a phrase that only you know. All official Binance emails will contain this phrase.

4. Enable Withdrawal Whitelist

Only allow withdrawals to whitelisted addresses to prevent asset theft if your account is compromised.

Fee-Saving Tips

1. Pay fees with BNB: Saves 25%
2. Register with a referral code: Enjoy fee rebates
3. Use limit orders: Maker fees are lower than Taker fees
4. Upgrade VIP level: Higher trading volume means lower fees

FAQ

Is Bi'an Wang Safe?

Binance is the world's largest cryptocurrency exchange with SAFU fund protection and industry-leading security measures. It's safe for normal use when you maintain proper personal security settings.

What's the Minimum Amount to Start Trading?

On Binance, the minimum trade amount is typically around 10 USDT — the barrier to entry is very low.

What If I Forget My Password?

Click "Forgot Password" on the login page and reset it through email or phone verification.

Summary

While Bi'an Wang has many features, beginners only need to master three core processes: registration, depositing, and trading. As you become more familiar with the platform, you can gradually explore earn products, futures, and more. Remember to complete all security settings to protect your assets.