When Was Binance Founded? A Complete Guide to Registering on the Leading Crypto Exchange
Binance, one of the world’s largest and most popular cryptocurrency exchanges, was officially founded in July 2017. The platform was launched by Changpeng Zhao (often referred to as CZ), a prominent figure in the blockchain and crypto space. Since its inception, Binance has grown rapidly, offering a wide range of services including spot trading, futures, staking, and its own blockchain, Binance Chain. Understanding the founding date is essential for users who want to grasp the exchange’s history, reliability, and regulatory timeline.
If you are searching for a “Binance registration tutorial,” it is important to note that the process has evolved significantly since 2017. Initially, Binance was known for its quick and simple sign-up process. However, due to global regulatory changes, the exchange now requires a more thorough identity verification (KYC) process for most users. This article provides a step-by-step guide to registering on Binance today, while also clarifying the platform’s origin.
Step 1: Visit the Official Binance Website
Go to the official Binance website. Be cautious of phishing sites — always double-check the URL. The domain should be binance.com or a region-specific domain like binance.us for United States users. Click on the “Register” button located at the top right corner of the homepage.
Step 2: Enter Your Email or Phone Number
You will be prompted to enter a valid email address or phone number. Binance also recommends using a strong password that includes a mix of letters, numbers, and special characters. After filling in the details, click “Create Account.”
Step 3: Complete the Verification Process
Binance will send a verification code to your email or phone. Enter the code to confirm your registration. For full access to trading and withdrawal features, you must complete identity verification (KYC). This involves uploading a government-issued ID (such as a passport or driver’s license) and taking a selfie for facial recognition. The process usually takes a few minutes to several hours, depending on the volume of applications.
Step 4: Enable Security Features
Once your account is created, it is highly recommended to enable two-factor authentication (2FA) using Google Authenticator or a hardware security key. This adds an extra layer of protection against unauthorized access. You should also set up anti-phishing codes and whitelist withdrawal addresses for enhanced security.
Step 5: Deposit Funds and Start Trading
After verification, you can deposit cryptocurrencies or fiat currency (such as USD, EUR, or GBP) into your Binance wallet. Binance supports multiple deposit methods including bank transfers, credit/debit cards, and peer-to-peer (P2P) trading. Once your account is funded, you can begin trading a vast array of digital assets.
Why Binance’s Founding Year Matters for New Users
Knowing that Binance was founded in July 2017 helps users understand its maturity and track record. Despite facing regulatory challenges in various countries, Binance has maintained its position as a leading exchange through continuous innovation and compliance efforts. For example, Binance has implemented strict KYC requirements in many jurisdictions to align with local laws, making it a safer platform for users who complete the registration process correctly.
In summary, Binance was founded in 2017, and its registration process today is more secure and compliant than ever. Whether you are a beginner or an experienced trader, following the official tutorial ensures that you can access the platform’s full suite of features while protecting your assets.