Buying BaconCoin (BACON) on the Binance platform
There are many trading platforms today on the WWW, but undoubtedly Binance is one of the most popular and innovative.
But if you want to begin trading on it, the first thing you should do is to discover ways to buy BaconCoin (BACON).
Prior to entering the alluring world of cryptocurrency within the Binance platform, you should get acquainted with the following.
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Be able to register on Binance
To be capable of buying BaconCoin (BACON) on Binance, one thing you must know is certainly how to open your account.
Just follow each one of the guidelines below.
On the Binance homepage you have to locate the "Register" button and press it.
Here you have the direct access to Binance.
Look for the "Register with a phone or email" button in the homepage and click on it.
The Binance platform is totally compatible with Apple mobile devices as well.
In this post, we’ll will describe how to do this using an e-mail address.
- First, choose the country from the drop-down list according to the one you’re living in.
- Now the extremely important step: password. Create a string of characters rare enough not to be easily guessed. Don’t use your birth date, middle name or things like that. Keep in mind that it’s your money what will have to be secured by that password
- Indicate if you want to receive information and news directly from Binance to your email address. Accept the "Terms of Service" and press "Create Account"
You should have received an e-mail sent to the address you’ve just used for subscribing on the Binance platform. It will have a one-time-only activation keycode you’ll need to will enter in that page. Then press "Send"
You’re now a Binance user!.
It is a nice idea to visit the different options of the Binance platform and become familiar with them.
You’ll discover how simple is to start trading BaconCoin (BACON).
The ID verification is a mandatory step you have to complete to have access to all these options.
Please, note that it is only after you have completed this safety step that you’ll be authorized to begin trading BaconCoin (BACON).
No big deal, though. See the next section to complete that step.
Verify your account to get started on trading
These are the steps to verify your Binance account and get authorized to begin operating:
Choose "Security" from the drop-down list under the user profile area
Another option is to go to the upper part of the screen and press the "Verify" button
Locate the option "Identification" on the left side of the navigator window.
Country of residence is the first thing you must choose.
The platform will display you three verification levels: the current one, the Verified, and the Verified Plus.
Press the "Start now" button under the "Verified" label, for this will be your beginning level.
A new window will be displayed, and there you will have to enter your personal info: Nationality, first name and surname, second name and birth date. Also, make sure you enter the exact address of your residence
Here, the Binance platform will require you to show a legal document for identity verification.
passport, ID card or even a license are all valid documents to fulfill this formality.
Now, you will have to take a selfie, according to the platform’s instructions.
Once those requisites have been completed, the Binance system will carry out a confirmation process on your account.
Now you must wait until your request has been accepted. Be patient, Binance is going to let you know via e-mail.
Upon receiving that email it’s time to acquire BaconCoin (BACON), just see the instructions below.
Learn to buy BaconCoin (BACON) on Binance
Now that you have registered on the platform and have your account confirmed, you can start trading.
Take a time to know how to make a purchase of BaconCoin (BACON).
Next, you’ll have to to use a legal document to sustain your identity.
You can do this with your ID card, passport, or license.
Now the platform will require you to take a selfie under certain conditions.
After fulfilling all those requirements, the Binance platform will execute a confirmation process on your account.
So, be patient, Binance is going to send you an email once your request has been accepted.
Congratulations! Now you’re officially authorized to operate with BaconCoin (BACON). The following instructions will be helpful.
How to buy BaconCoin (BACON) on Binance
OK, account approved was all you needed to begin buying BaconCoin (BACON) immediately.
In this section you’ll realize how easy is to invest your money in BaconCoin (BACON).
Some steps may have alternative paths
To know which alternatives are available to you when making a purchase, see the "Buy cryptos" menu on the Binance homepage.
You have to, of course, do that after you’ve signed into your account
Hovering your mouse pointer over this key will display a list of alternatives to make your purchase.
It is time to corroborate your identity using a legal document.
You can do this by using your ID card, passport, or driver’s license.
Follow the system guidelines to take a selfie.
When you have fulfilled the platform’s guidelines, you will have to wait a moment while your account is confirmed.
All you have to do is be patient, Binance will let you know via email as soon as your request has been approved.
The following instructions will guide you through the BaconCoin (BACON) buying process. As soon as you’ve received the confirmation email, you’re a Binance licensed BaconCoin (BACON) trader.
Purchasing BaconCoin (BACON) on Binance
OK, account validated was all you needed to begin purchasing BaconCoin (BACON) right now.
Take a time to learn how to convert money into BaconCoin (BACON).
Some processes might have alternative paths
Use the "Buy cryptos" menu on the Binance main page to know which alternatives can be found when making a purchase.
Needless to say you must be logged into your account to do this
Hover your mouse over this option and a list of buying alternatives will deploy.
Buying BaconCoin (BACON) with a credit/debit card
Pick the credit card-related option from the drop-down list labeled "Buy Cryptos".
The following instructions will be helpful to continue the process:
Currency preferred and how much you’ll invest should be defined in the next box.
The the BaconCoin (BACON) you would like to buy should be picked from the second field
Considering the amount of USD you have previously stated, the platform will automatically show you the quantity of BaconCoin (BACON) you are going to be given.
After that, just stick to these guidelines:
Currency to be used and amount of the investment must be indicated in the next box.
In the second field you should choose the BaconCoin (BACON) you’d like to purchase
The number of BaconCoin (BACON) you will receive will depend upon the amount of USD you’ve previously invested. The Binance platform will immediately show it to you.
Press "Continue".
Now it’s time to define your method of payment. To pay with a credit card, pick in the "Visa/Mastercard" box the option "Add card".
Then the system will prompt you to indicate your credit card numbers.
In this step you must enter the physical address details for the credit card. Then select "Add card".
With this step, your card will be added to the payment methods in your user profile. Press "Continue".
Next, all the relevant details of the operation will be summarized: the amount to be charged on your credit card and the corresponding currency, and obviously, the cryptos you are going to get.
It will also indicate the commission will be charged for the transaction.
In less than 1 minute click on "Confirm", after that time the order will expire automatically.
The next step has to be carried out on the credit card banking webpage. Follow the directions in the same way you would normally generate a payment with your card.
Your recently purchased BaconCoin (BACON) will be available in your Binance digital wallet (referred to as the «Spot Wallet») after the banking process has been completed
Learn how to buy BaconCoin (BACON) through Binance P2P
That means «Person To Person», i.e.: trading BaconCoin (BACON)
with another Binance trader. Method of payment is the first setting you will indicate.
Next, all the important details of the operation will be presented: the sum you’ll pay and the corresponding currency, and of course, the cryptos you are going to get.
Certainly, Binance will claim a certain percentage as a commission for supporting the operation, and that will appear in that summary as well.
In less than 1 minute press "Confirm", and then the order will be automatically shut down.
The platform will now send you to the bank issuing the credit card. There you will make a standard online payment with your credit card.
After the banking process is complete, you’ll get your recently bought BaconCoin (BACON) in your Binance digital wallet (called the «Spot Wallet»)
Purchase BaconCoin (BACON) via Binance P2P
You could get BaconCoin (BACON) not only via a direct purchase, but trading them «Person To Person»
with another Binance trader as well. In that case, you should define the payment method you would want to apply first.
- Go to the "Security" panel of your profile.
- Press "Payment" on the left-hand side of the screen.
- Choose "Add a Payment Method" and the Binance system will guide you through the rest of the procedure.
After you have included the new method of payment to your profile, go to the "Buy Crypto" menu (top bar of the navigator), select the "Trading P2P" button, and follow the instructions below:
- Click on the "Buy" option on the top bar of the "P2P Account" menu
- The complete set of BaconCoin (BACON) available for buying through P2P operations will be displayed in this menu, so you will be able to select the one you would like to buy. In this guide, we use «USDT».It is important to note that once you purchase any crypto via P2P trading, you will be able to exchange it for any of the foreign currencies that operate on the Binance platform.
- Choose the currency you want to use from the drop-down menu under the "Fiat" label, for instance, «VES».
- Use the "Amount" box to type the amount in VES you’d like to invest to buy BaconCoin (BACON).
- Once you have defined the payment method, the system will show you a list of traders’ offers.
- Any of the traders displayed in the list can be chosen, although it is advisable to select a verified one (see the blue diamond mark), and better, a high-volume seller (golden star mark).
- Next press "Buy USDT"
- Type the amount in VES you would want to invest
- Again, select "Buy USDT"
- Now a purchase order has been generated and you’ll be able to contact the trader. Complete the payment, press "Transferred, Next", then press "Confirm". Notice that there’s a limited time for you to make the payment.
Ways to transfer your BaconCoin (BACON) to the Spot Wallet
The trader, upon confirming money reception, will automatically release the BaconCoin (BACON).
The default place where BaconCoin (BACON) are added to is your Binance wallet.
Note that you need to transfer them to your Spot Wallet in order for you to purchase any other cryptocurrency.
You can move them immediately right after the purchase order is completed just by clicking "Transfer to Spot Wallet".
Should you forget to do this right after buying the cryptos, there’s nothing to worry about: you’ll always be able to do it at any moment.
Ways to transfer your BaconCoin (BACON) to the Spot Wallet
Cryptos will be released by the seller as soon as payment reception validation has been done.
So, they will automatically be deposited into your wallet.
Nonetheless, you will have to send them to your Spot Wallet in case you would want to get another crypto.
You can do this immediately once the buying order is completed just by clicking "Transfer to Spot Wallet".
If you didn’t follow this step, don’t fear, you can do it later.
- Place the mouse pointer on "Wallet" and select "Wallet Funds" from the drop-down list.
- See the "Transfer" option at the top right and press it.
- In the pop-up window, swap the «From» and «To» options to the following configuration:
- From: Funds
- To: Fiat and Spot
- Select the currency according to your funds in the platform, in this example we’ll use «USDT»
- Enter the amount you are sending to the spot walet and press "Confirm".
With these funds already in your Spot Wallet, nothing keeps you from buying any crypto you consider could be worthwhile.
Discover how simple is to purchase any cryptocurrency from Binance:
- Pick the "Trading" menu in the top top section.
- From that listing choose the "Convert" alternative.
- Indicate the amount of «USDT» you want to spend.
- Select the crypto you intend to buy.
- Click on "Preview conversion".
- Validate the transaction and that’s all. You now will have the amount of the chosen crypto in your Spot Wallet.
With these money already in your Spot Wallet, nothing keeps you from trading any crypto you consider will be profitable.
To purchase BaconCoin (BACON) from the Binance platform all you have to do is the following:
- Select the "Trading" option in the upper section.
- Press "Convert" from the list.
- Enter the amount of «USDT» you would like to invest.
- Now select the crypto you’re interested in.
- Select "Preview conversion".
- Confirm the operation and that’s all. You now will have the amount of the chosen crypto in your Spot Wallet.
Based upon this information, you are now ready to start trading on the Binance platform.
So, no time to waste, make a worthwhile business within the Binance platform.