Gold Rush Shovels: How People Are Selling Binance Accounts
The recent cryptocurrency boom has left many people feeling late to the party. It doesn’t help that popular cryptocurrency websites such as Binance.com have closed their new user registration forms. This has resulted in some people selling their spare Binance accounts in an attempt to make a few extra bucks.
However, there’s another side of this coin most people outside of the online marketing industry aren’t aware of. That is, there are people deliberately creating bulk accounts with the intention of selling them later on. This is because unverified Binance accounts are going for between $15 to $100 a pop.
Don’t believe me? Take a look at these eBay listings.
People are even selling them on Reddit and Bitcoin Talk, too!
Now that you’ve seen this, I’m sure you’re wondering how you can get in on the action. So without further ado, let’s delve into how these Binance accounts are created in bulk.
How Binance Accounts Are Created In Bulk
Normally, I’m not the type of person to sell accounts. However, I tested this method out for the sake of this article, and here’s what I’ve discovered to be an effective strategy that many account sellers are most likely using.
As with most things in the digital world, tools make life easier.
- Proxies or a virtual private network (VPN) like SecurityKiss (it’s free)
- A virtual assistant or spare email accounts
You need a VPN or proxies because you don’t want to risk having your home or work IP address blocked by Binance. Using a different IP address for each account will reduce the likelihood of the accounts being banned. Spare email accounts will be used to register and confirm the Binance accounts you create. However, you can also hire a virtual assistant to create the email accounts for you.
Step 1: Create Your Email Accounts
I’ve personally found Yandex’s email service to be the fastest way to create email accounts for Binance since they don’t require phone verification (just click the “I don’t have a mobile phone number” link and they’ll have you create a security question instead). I prefer using my VPN whilst creating email accounts just to leave one less breadcrumb, although it’s not entirely necessary. It’s also a good idea to
Step 2: Create Your Binance Accounts
Once you’ve finished creating your email accounts, it’s time to move on to creating your Binance account. As Binance periodically closes their new user registrations, you’ll have to wait for an opening. If you’re a member of a cryptocurrency forum, it’s a good idea to set up an email alert for threads on the topic of Binance’s new user registration form. For example, this cryptocurrency thread from Black HatWorld is occasionally bumped whenever Binance reopens their registration form.
Once the registration page has opened, turn on your VPN, go to Binance.com, enter the email address of one of the accounts you created, and a password for the account. You’ll receive an email asking you to confirm the account, and once you click the link in the email, you’ll be sent to the login page. You can log into the account if you want, although it’s not necessary.
Step 3: Sell Your Binance Accounts
I haven’t done this. However, as you can see from the screenshots above, I know where they’re being sold. In addition to the websites seen throughout this article, here’s a list of websites people are using to sell their Binance accounts:
- YouTube (comments section)
- Reddit (r/Binance)
- Masters of Crypto
When you sell the accounts, you’ll have to market them as unverified accounts, as that is what they are. Verified accounts have been verified with an ID by Binance. Verified accounts can be sold for more money, and while some people go through the effort of Photoshopping fake IDs, most people don’t want to risk crossing into legal territory.
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