In March 2025, SoftBank reportedly made a significant investment in Binance, the world’s largest cryptocurrency exchange. While the exact deal terms remain unconfirmed, this partnership has sparked renewed interest among traders wondering how to use Binance effectively. Whether you are a new user or someone considering Binance for the first time, here is a clear, step-by-step guide on using the platform, especially in light of SoftBank’s involvement.

First, you need to create a Binance account. Visit the official Binance website or download the mobile app. Click “Register” and enter your email or phone number. Set a strong password and verify your identity through email or SMS. Due to regulatory requirements, Binance often requires identity verification (KYC) for higher withdrawal limits and full access to trading features. Submit a valid ID and a selfie for facial verification. This process usually takes a few minutes but can take up to 24 hours during peak demand.

Once your account is verified, you can deposit funds. Binance supports deposits in cryptocurrencies (like Bitcoin, Ethereum, or USDT) and fiat currencies (USD, EUR, GBP, etc.) via bank transfer, credit card, or third-party payment services. To deposit crypto, go to “Wallet” → “Deposit” and select the coin. Copy the deposit address or scan the QR code from your external wallet. For fiat deposits, use the “Buy Crypto” feature to purchase directly with your card.

After funding your account, you can start trading. Binance offers multiple trading interfaces: “Basic” for beginners and “Advanced” for experienced traders. The “Classic” interface provides a traditional order book with buy/sell options. For spot trading, select a trading pair like BTC/USDT, enter the amount, and choose a limit order (set your own price) or market order (buy at current market price). The “Convert” feature is even simpler—it lets you swap one asset for another instantly without order books.

SoftBank’s investment implies greater institutional confidence, which may lead to improved liquidity and tighter spreads on Binance. As a user, you can also explore Binance Earn for passive income. Staking, Flexible Savings, and Locked Savings allow you to earn interest on your holdings. For example, you can stake certain coins or lend them to margin traders. The yields vary by asset and duration. Go to “Earn” on the menu to browse available products.

Security is critical, especially after Binance’s growing regulatory scrutiny. Enable two-factor authentication (2FA) via Google Authenticator or SMS. Avoid sharing your API keys or login details. With SoftBank’s backing, Binance may enhance its compliance and security protocols, but individual caution remains essential. Also, be aware of withdrawal limits. Unverified accounts often have daily limits of 0.06 BTC. Completing KYC can increase limits significantly.

If you want to use leverage, Binance offers futures and margin trading. However, these are high-risk products. Only use them if you understand liquidation and margin calls. You can adjust leverage from 1x to 125x depending on the pair. Beginners should avoid high leverage and start with spot trading. SoftBank’s involvement suggests Binance’s long-term viability, but that does not eliminate the risk of price volatility.

Finally, withdrawal is straightforward. Navigate to “Wallet” → “Withdraw”, select the asset, enter the amount and the destination wallet address. Double-check the address—blockchain transactions are irreversible. Also note network fees and minimum withdrawal amounts. If you hold Binance Coin (BNB), you can use it to pay for trading fees at a discounted rate.

In summary, using Binance after SoftBank’s investment is essentially the same process, but with potentially greater trust and stability. Follow these steps: register, verify, deposit, trade, earn, and withdraw responsibly. Always stay informed about Binance’s policy changes in your region, as local regulations may affect access. With SoftBank’s capital, the platform may expand its services, making it an even more attractive choice for both retail and institutional users.