What Is Binance?
Binance is the world's largest cryptocurrency exchange by trading volume, serving 200+ million users globally. For European traders, Binance offers MiCA-regulated services, free SEPA deposits, 350+ cryptocurrencies, and some of the lowest fees in the industry. This tutorial walks you through everything a beginner needs to start trading safely.
350+ Supported Coins
Trade Bitcoin, Ethereum, Solana, and hundreds of altcoins with deep liquidity.
Lowest Fees
This option typically offers the lowest fees, making it the most cost-efficient choice for long-term holders.
MiCA Licensed
Fully regulated in the EU under MiCA. Consumer protections and transparent reserves.
Step 1: Create Your Binance Account
Go to Binance
Click the link below to open the Binance registration page. Using our referral link gives you a fee discount on all trades.
Enter Your Email & Password
Use a strong, unique password (12+ characters, mix of letters, numbers, symbols). Never reuse passwords from other sites.
Verify Your Email
Check your inbox for a verification code from Binance. Enter it to confirm your email address.
Enable Two-Factor Authentication (2FA)
Go to Security settings immediately. Enable Google Authenticator (recommended) or hardware key. Avoid SMS-based 2FA — it's vulnerable to SIM-swap attacks.
Create Your Free Binance Account
Create a free account on Binance and unlock full trading, 0.1% spot fees, free SEPA deposits, and 350+ coins. Takes 5 minutes.
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Step 2: Complete Identity Verification (KYC)
Binance requires KYC (Know Your Customer) verification for all European users under MiCA regulation. This one-time process unlocks full trading, higher deposit limits, EUR deposits via SEPA, and access to Binance Earn products. It takes 5–15 minutes on average.
What You Need
Government-issued ID (passport, national ID card, or driver's license) and a smartphone for a selfie check.
How Long It Takes
Usually 5–15 minutes. Some verifications complete instantly; others may take up to 24 hours during peak demand.
Why It Matters
KYC unlocks full trading, higher deposit/withdrawal limits, and access to Binance Earn products. Without KYC, you can't deposit EUR or trade.
Step 3: Deposit Funds
Once your account is verified, you can fund it with euros or crypto. European users have three main options, each with different fees and speeds. SEPA bank transfer is free and recommended for anything over €200.
| Method | Fee | Speed | Best For |
|---|---|---|---|
| SEPA Bank Transfer | fee_free | 1–2 business days | Large deposits (recommended) |
| Credit/Debit Card | ~1.8% | Instant | Small, urgent purchases |
| Crypto Transfer | Network fee only | 5–30 minutes | If you already hold crypto elsewhere |
Pro tip: Always double-check the deposit address when transferring crypto. Binance provides a unique address for each coin and network — sending funds to the wrong network (e.g., ERC-20 instead of BEP-20) can result in permanent loss.
Step 4: Buy Your First Crypto
Binance offers two main ways to buy your first crypto. Quick Buy is the easiest for beginners, while Spot Trading gives you better prices and more control. Start with Quick Buy if you're new, then graduate to Spot once you're comfortable.
Quick Buy (Easiest)
Go to Buy Crypto → Credit/Debit Card or Buy with EUR Balance. Pick a coin, enter the amount, and confirm. The purchase completes in seconds.
Downside: Slightly worse price due to spread markup.
Spot Trading (Better Price)
Go to Trade → Spot, select the pair (e.g., BTC/EUR), and place a limit order at your desired price. You pay lower fees and get the exact price you want — though your order may take longer to fill.
Upside: Full control, lowest fees (0.075% with BNB).
See our Binance Spot Trading Tutorial for a detailed walkthrough of the trading interface.
Step 5: Secure Your Account
Enable 2FA
Google Authenticator is the minimum. Hardware keys (YubiKey) are even better.
Anti-Phishing Code
Set a custom code in Security settings. Every real Binance email will contain this code — if it's missing, it's a scam.
Withdrawal Whitelist
Only allow withdrawals to pre-approved addresses. Even if your account is compromised, funds can only go to your wallets.
Device Management
Review logged-in devices regularly. Remove any you don't recognize. Binance will alert you to new device logins.
What You Can Do on Binance
Spot Trading
Buy and sell 350+ cryptocurrencies at market price. The foundation of crypto trading.
Earn (Staking & Savings)
Earn passive income by staking your crypto. 3–14% APY depending on the coin.
Futures Trading
Trade with leverage up to 125x. High risk, high reward. For experienced traders only.
Copy Trading
Automatically copy the trades of professional traders. Start with as little as $10.
Grid Trading Bot
Automated buy-low-sell-high bot that trades 24/7. Great for ranging markets.
Auto-Invest (DCA)
Automatically buy crypto on a recurring schedule. Set it and forget it.
Launchpool
Stake BNB or other tokens to earn new coin rewards. Free airdrops for stakers.
Convert
Zero-fee conversion between any two cryptocurrencies. Simpler than spot trading.
Binance Fee Structure
| Action | Fee | How to Reduce |
|---|---|---|
| Spot Trading | 0.10% maker/taker | Use BNB → 0.075% (25% off) |
| Futures Trading | 0.02% maker / 0.05% taker | Use BNB + VIP tiers |
| EUR Deposit (SEPA) | fee_free | — |
| EUR Deposit (Card) | ~1.8% | Use SEPA instead |
| EUR Withdrawal (SEPA) | €1 | — |
| Crypto Withdrawal | Varies by network | Use cheaper networks (TRC-20, BEP-20) |
| Convert (Swap) | 0% | Built into spread |
Tips for European Users
Use SEPA for All Deposits
Free EUR deposits save you 1.8% vs card payments. For a €5,000 deposit, that's €90 saved. Set up a SEPA transfer from your bank once and reuse it.
Trade EUR Pairs Directly
BTC/EUR, ETH/EUR, SOL/EUR — trade directly without converting to USDC first. Fewer steps, fewer fees.
Understand DAC8 Tax Reporting
From 2026, Binance reports all your trades to EU tax authorities automatically. Keep your own records too. Download trade history quarterly from Account → Reports.
Watch for USDT Restrictions
Under MiCA, some stablecoins may face restrictions. Stick to EUR pairs or MiCA-approved stablecoins to avoid surprises.
Enable BNB Fee Deduction
Hold a small amount of BNB and enable 'Use BNB to pay fees' in Spot settings. Instant 25% fee reduction on every trade.
Frequently Asked Questions
Is Binance safe to use?+
What's the minimum deposit on Binance?+
How long does a SEPA deposit take?+
Can I use Binance in my country?+
What should I buy first on Binance?+
How do I withdraw money from Binance to my bank?+
Do I pay taxes on crypto in Europe?+
What's the difference between Binance and Binance.US?+
Continue Learning
Binance Spot Trading Tutorial
Deep dive into order types, the trading interface, and pro tips.
Binance Staking Guide
Earn passive income by staking your crypto on Binance.
Binance Grid Bot Tutorial
Set up automated trading bots that work 24/7.
Best Crypto to Buy 2026
Top coins and emerging sectors for European investors.
Ready to Get Started?
Follow along with your own account. Registration takes under 2 minutes — no deposit required to explore.
Ad · Digital asset prices are subject to high market risk and price volatility. Don't invest unless you're prepared to lose all the money you invest. Terms & risk disclosure
This page contains affiliate links. We may earn a commission at no extra cost to you.
Important Risk Notice
This tutorial is for educational purposes only and does not constitute financial advice. Cryptocurrency trading carries significant risks including the potential loss of your entire investment. Past performance is not indicative of future results. Always do your own research and never invest more than you can afford to lose. Under EU MiCA regulations, you should understand the risks associated with crypto-assets before trading.