We would like to make it as easy as possible for you to get started with the.pylot, your fully-automatic digital currency trading engine, and make it accessible even for total beginners, who have never purchased a single Bitcoin before. That’s why we’ve created a series of video tutorials, “the.pylot explains”, in which we want to show you how to buy your first cryptocurrency, create a Binance exchange account and how to set up the.pylot for fully-automatic Bitcoin trading.
In case you didn’t get to this page through our own website and haven’t heard of the.pylot before, please have a look at our explainer video about our fully-automatic trading bot first.
Moving on to our video tutorials.
Step 1: Creating a Binance exchange account
the.pylot currently works with the largest cryptocurrency exchange in the world, Binance. Therefore you will need a Binance account, which is fast & easy to set up.
Just go to the Binance website on your mobile phone or desktop computer through the link above, click on “Register” on the top right, enter your email address and preferred password, agree to the terms (and maybe read them) and click “Register” again afterwards.
You will receive an email to confirm your email address which looks like this.
Please do so.
You can now login to your Binance account. Please read the safety information during your first login carefully.
As well, after confirming the safety information, we will need to set up so-called 2-Factor-Authentication (or 2-FA) to secure your account. You can either do this via SMS to your phone or through an app called Google Authenticator.
In this case, we are choosing “Google Authentication”. Binance will give you the direct links to download the app via the App Store or Google Play. Please do so, make yourself familiar with the app and find the section to add new accounts. In the next step, please scan the QR code from within the app or enter the shown code manually.
As well, write down the recovery code as it’s only shown once. In the final step, enter your Binance login password and the Google Authentication code as shown in your app and click the “Enable Google Authentication” button.
Your account is now secure.