Entering the world of cryptocurrency trading starts with choosing a reliable exchange and successfully opening an account. This guide provides clear, step-by-step instructions for creating accounts on three prominent platforms: the global giant Binance, Taiwan-focused MAX, and the established derivatives specialist BTCC.
Why Choosing a Secure Exchange is Your First Step
The cryptocurrency space, while innovative, is also a prime target for malicious actors. Therefore, the number one priority for any new or experienced trader should be security. A secure exchange acts as the guardian of your digital assets, employing robust measures like cold storage for funds, two-factor authentication (2FA), and strict regulatory compliance.
Beyond security, consider factors such as the range of supported coins, trading fees, user interface, customer support, and the availability of fiat on-ramps (ways to deposit traditional currency like USD or TWD). Starting with a well-established, reputable platform is the simplest and safest way to navigate this exciting market.
Essential Documents to Prepare Before You Begin
Before you click the "Register" button, gather the following documents. Having them on hand will make the verification process smooth and fast.
- Government-Issued ID: A passport, driver's license, or national ID card.
- Secondary ID: Some platforms may require a second form of identification, such as a health insurance card.
- Smartphone: Essential for receiving SMS verification codes during setup.
- Email Address: A secure, active email account for account communication and verification.
- Bank Account Details: Required for linking your account for fiat currency deposits and withdrawals (especially on local exchanges like MAX).
- A "Selfie with Note": Many exchanges require a photo of you holding your ID and a handwritten note with the current date and the exchange's name.
BTCC Exchange: Registration and Verification
BTCC, founded in 2011, is one of the longest-operating cryptocurrency exchanges globally. It holds regulatory licenses in multiple jurisdictions, including the United States (MSB) and Canada (FINTRAC), and focuses primarily on cryptocurrency derivatives like perpetual and quarterly contracts, alongside tokenized stocks and metals.
How to Open a BTCC Account
Step 1: Account Registration
Navigate to the BTCC website and locate the "Sign Up" or "Register" button. You will be prompted to enter your email address and create a strong password. You will receive a verification code via email to confirm your address.
👉 Start your BTCC registration process here
Step 2: Identity Verification (KYC)
To enhance security and lift withdrawal limits, you must complete Know Your Customer (KYC) verification. Log into your new account, find the "Verification" section, and provide your personal details as they appear on your official ID. You will need to upload clear photos of your ID documents and likely a selfie for facial recognition.
Step 3: Enable Two-Factor Authentication (2FA)
For maximum account security, enable 2FA using an authenticator app like Google Authenticator. This adds a critical layer of protection, requiring a unique, time-sensitive code from your phone every time you log in or perform sensitive actions.
Binance Exchange: Registration and Verification
Binance is the world's largest cryptocurrency exchange by trading volume. It offers an incredibly wide array of services, including spot trading, futures, savings products, staking, and an extensive selection of altcoins.
How to Open a Binance Account
Step 1: Start the Registration Process
Visit the Binance website and register using your email address. You will be asked to solve a CAPTCHA puzzle to prove you are not a robot.
Step 2: Verify Your Email
Check your inbox for a verification email from Binance and click the link to activate your account.
Step 3: Complete Intermediate Verification
To increase your account limits, complete the intermediate verification level. This involves providing your full name, address, and date of birth. You must then upload images of your ID documents (passport, national ID, or driver's license) and complete a facial verification process using your webcam or smartphone.
Step 4: Strengthen Account Security
In your account security settings, bind your mobile phone number for SMS-based 2FA. For stronger security, it is highly recommended to set up Google Authenticator as your primary 2FA method.
MAX Exchange: Registration and Verification
MAX Exchange is a major Taiwanese platform that provides a direct gateway between New Taiwan Dollars (TWD) and major cryptocurrencies. It is known for its local banking integration and a physical storefront in Taipei for customer support.
How to Open a MAX Account
Step 1: Begin Registration
Go to the MAX website and sign up using your email address. Confirm your registration by clicking the activation link sent to your email.
Step 2: Complete Level 1 Verification (SMS & Basic KYC)
Bind your mobile phone number by entering the SMS code you receive. Then, proceed to fill in your basic personal information and upload the required ID documents. A key requirement is a "selfie with note": a photo of you holding your ID and a piece of paper with "For MAX Exchange registration only" and the current date.
Step 3: Complete Level 2 Verification (Bank Account Linking)
To enable TWD deposits and withdrawals, you must link your personal bank account. MAX will make a small test deposit (e.g., 1 TWD) to verify account ownership. This process can take a few business days to complete.
Step 4: Set Up 2FA
Choose between SMS-based 2FA or an authenticator app. While SMS is convenient, using an app like Google Authenticator is generally considered more secure and reliable.
Frequently Asked Questions
What is KYC and why is it mandatory?
KYC (Know Your Customer) is a standard verification process that requires you to provide identifying documents. Exchanges use it to prevent fraud, money laundering, and other illegal activities. It is a crucial component of a secure and compliant trading environment.
Which is safer: SMS or Authenticator App for 2FA?
An authenticator app (like Google Authenticator or Authy) is widely considered safer than SMS. SMS can be vulnerable to SIM-swapping attacks, where a malicious actor hijacks your phone number. Authenticator apps generate codes offline on your device, making them more secure.
Can I start trading immediately after registering?
You can often create an account and deposit cryptocurrency immediately. However, to deposit fiat currency (like USD or TWD) or to increase your withdrawal limits, you must complete the required levels of identity verification (KYC).
What if I lose access to my 2FA device?
This can be problematic. Most exchanges provide backup codes when you enable 2FA—store these in a very safe place. If you lose both your device and backup codes, you will need to contact the exchange's customer support and go through a rigorous account recovery process, which can take time.
Are my funds insured on these exchanges?
Insurance varies by platform. Many major exchanges, including these three, hold the majority of user funds in cold storage, which is not connected to the internet and is therefore safe from hackers. Some may also have insurance funds to cover potential losses. Always check the specific security and insurance policies on the exchange's website.
Do all exchanges offer the same cryptocurrencies?
No, the selection of available cryptocurrencies varies significantly between exchanges. Global exchanges like Binance typically list hundreds of coins, while more localized exchanges like MAX focus on a smaller selection of major assets. Always check if the exchange supports the specific coins you wish to trade.