Buying Beefy Finance (BIFI) on the Binance platform
No doubt one of the world’s top-notch trading platforms nowadays is Binance.
Learning how to purchase Beefy Finance (BIFI) is vital if you’d like to start out trading on that platform.
Before stepping into the wonderful world of cryptocurrency on the Binance platform, you will have to know the following.
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Figure out how to register on Binance
To be able to buy Beefy Finance (BIFI) on Binance, the very first thing you need to know indeed is how to subscribe.
Subscribing to the Binance platform is quite simple: see the following instructions.
Search for the "Register" button in the Binance homepage and click on it to start the registration process.
Here you have the direct link to Binance.
Right now press the "Register with a phone or email" button.
The Binance platform is totally compatible with Apple devices as well.
In this guide, we’ll will describe how to do this using an e-mail address.
- First, pick the country from the drop-down list according to your place of residence.
- Now, enter your email address and a password. Be well aware that you are going to trade money, so you should give relevance to the password you select
- If you would want to be updated periodically via e-mail about Binance news, mark in the corresponding box. Next, you must accept the "Terms of Service" and that’s almost all. Your account has been created Now it only needs to be verified via e-mail
Check the inbox of the e-mail address you used for signing up and look for the activation code exclusive of your account. Type it in the corresponding line and press "Send"
You’re now a Binance user!.
It is a nice idea to have a walk through the different areas of the Binance platform and become familiar with them.
This way you mayyou will be able to start operating with Beefy Finance (BIFI) conveniently.
To have access to these options, you need to complete the ID checking.
It is very important to notice that until you complete this security step, you’ll not obtain permission to start trading Beefy Finance (BIFI).
In the following paragraphs, you’ll learn how to do that. Hassle-free.
Learn to verify your account and begin trading
See the following guidelines and become an authorized Binance trader:
On the main page, hover the mouse on the user profile menu and a list will immediately drop down where you will have to click on "Security"
You may also press "Verify" button at the top of the navigator window
Click "Identification" on the left list of options.
Pick the Country of Residence.
On this screen you’ll will immediately find 3 levels of verification:
- The current one.
- The Verified.
- The Verified Plus.
Here you must select "Verified", pressing the "Start now" option below it.
A pop-up window will appear, and there you’ll be required to provide your personal info: Nationality, first name and last name, middle name and birth date. Also, make sure you give the exact address of your residence
Next, you’ll have to to provide a legal document to check your identity.
You can do this with your passport, ID card, or license.
Follow the system guidance to take a selfie.
Once those requirements have been fulfilled, the Binance platform will do a verification process on your account.
So, wait patiently, Binance is going to send you an email once your profile has been approved.
The following instructions will guide you through the Beefy Finance (BIFI) purchasing process. As soon as you’ve received the confirmation e-mail, you’re a Binance licensed Beefy Finance (BIFI) trader.
How to buy Beefy Finance (BIFI) on Binance
Now that you have subscribed to the Binance platform and have your account approved, you can begin trading.
Take a time to learn how to invest your money in Beefy Finance (BIFI).
Now you’ll need to provide a legal document to check your identity.
ID card, passport or even a license are all valid documents to fulfill this formality.
Follow the system instructions to take a selfie.
Once those requisites have been fulfilled, the Binance system will perform a confirmation process on your account.
Now you have to wait until your profile has been approved. Be patient, the system will send you an email.
Congratulations! As soon as you’ve received the confirmation you’re officially enabled to trade Beefy Finance (BIFI). See the guidelines that follow.
Purchasing Beefy Finance (BIFI) on Binance
So, account confirmed means you can begin purchasing Beefy Finance (BIFI) right now.
First you need to understand how to buy a Beefy Finance (BIFI).
You may have different options throughout the process
To find out which options you have when making a purchase, see the "Buy cryptos" menu on the Binance homepage.
You need to, of course, make this happen once you are signed into your account
Placing your mouse pointer over this button will show a list of alternatives for making the purchase.
Next, you’ll need to provide a legal document to support your identity.
You can do this with your passport, ID card, or license.
Now, you will be asked to take a selfie, according to the application’s requirements.
Now you’ll have to wait for a short time while an account confirmation process takes place.
As soon as your application has been approved, you’ll be notified via email, just be patient.
The following instructions will guide you through the Beefy Finance (BIFI) trading process. As soon as you’ve received the confirmation e-mail, you have become a Binance authorized Beefy Finance (BIFI) trader.
Purchasing Beefy Finance (BIFI) on Binance
Now that you are subscribed to the Binance platform and have your account approved, you can begin trading.
In this segment you’ll discover how easy is to make a purchase of Beefy Finance (BIFI).
Some steps may have optional paths
The "Buy cryptos" menu on the Binance main page will be your reference when making a purchase.
Needless to say you must be logged into your account to do this
Find all the different buying options just by placing your mouse over this button.
Buying Beefy Finance (BIFI) using a credit/debit card
Select the credit card-related option from the drop-down list labeled "Buy Cryptos".
Continue reading for further directions:
Currency preferred and how much you will invest should be defined in the next box.
The the Beefy Finance (BIFI) you wish to purchase should be indicated in the second field
Taking into account the amount of USD you’ve just defined, the system will immediately show you the quantity of Beefy Finance (BIFI) you will be given.
Read on for further directions:
Currency to be used and how much to invest must be indicated in the next box.
The the Beefy Finance (BIFI) you wish to buy should be indicated in the second field
The quantity of Beefy Finance (BIFI) you’ll receive will depend upon the amount of USD you’ve previously stated. The Binance system will immediately display it.
Next click "Continue".
To use your credit card as a payment method, go to the "Visa/Mastercard" box and press the "Add card" option.
Indicate your CC details and press "Next".
Now write the physical address details of the card. After this, select "Add card".
Click "Continue" once you notice your card has been successfully added to your account as a new method of payment.
Next, all the relevant details of the transaction will be displayed: the sum to be charged on your credit card and the corresponding currency, and of course, the cryptos you are going to get.
Another detail of relevance in this snapshot is the percentage you’ll be charged as a commision for making the operation.
At this point you have 60 seconds to press "Confirm", otherwise the order will automatically expire.
The Binance system will now redirect you to the bank issuing the credit card. Proceed just as you usually do when making a payment using your credit card on the bank website.
As soon as the banking process is complete, you are already in possession of the recently bought Beefy Finance (BIFI) in your Binance digital wallet (referred to as the «Spot Wallet»)
Purchase Beefy Finance (BIFI) via Binance P2P
An optional way to purchase crypto is to trade it
with another trader. Method of payment is the first parameter you will state.
Next, you’ll be presented an overview of the operation about to be completed. That includes the amount your card will be charged, the selected currency and the amount of Beefy Finance (BIFI) bought.
It will also show you the commission will be charged for the purchase.
You have 1 minute to click on "Confirm", otherwise the order will be automatically terminated.
The following step needs to be done on the credit card banking system. Then you will make a standard on-line payment using your credit card.
As soon as the banking procedure is complete, you will have your purchased Beefy Finance (BIFI) in your Binance digital wallet (referred to as the «Spot Wallet»)
Buy Beefy Finance (BIFI) with Binance P2P
Another option you have to buy crypto is to exchange it
with another trader. Method of payment is the first setting you must define.
- Go to your profile and choose "Security".
- Select "Payment" from the menu on the left.
- Press the "Add a Payment Method" button and follow the system guidance.
After the new payment method has been added to your account, locate the "Buy Crypto" menu on the top part of the screen, press on the "Trading P2P" option and follow the instructions described below:
- Look for the "Buy" option on the upper bar of the "P2P Account" tab and press it
- This bar contains the list of Beefy Finance (BIFI) available for buying through P2P operations. Pick the one you would like to buy, in our case we will use «USDT» as an example.It is important to note that once you buy any crypto in P2P trading, you will be able to exchange it for any of the currencies valid in the Binance platform.
- It is time to choose the currency you want to pay with, for example, «VES». Simply, place the list under the "Fiat" label.
- Use the "Amount" box to indicate the amount in VES you’re going to spend to purchase Beefy Finance (BIFI).
- Once you have chosen the method of payment, the Binance system will display a list of dealers’ offers.
- From the list list shown, you can choose any of the sellers. It is recommendable to select one with the «Verified» mark and better if a high percentage of completed sales is displayed.
- Click on "Buy USDT"
- Now the amount you would like to invest in VES must be entered
- Again, press "Buy USDT"
- That will open a buying order where you will have connection with the seller. Make the payment within the time limit and press "Transferred, Next" and then press "Confirm".
How you can transfer your Beefy Finance (BIFI) to the Spot Wallet
After you have completed a payment to the trader, they may release the Beefy Finance (BIFI), by confirming payment reception.
So, they will automatically be deposited into your wallet.
Although, in order for you to buy any other Beefy Finance (BIFI), you will need to transfer them to your Spot Wallet.
You can move them immediately once the buying order has been completed just by clicking "Transfer to Spot Wallet".
In the event you didn’t do this, don’t be anxious, you can do it later.
Learn how to transfer your Beefy Finance (BIFI) to the Spot Wallet
After you have completed a payment to the seller, they may release the Beefy Finance (BIFI), just by confirming payment reception.
So, they will instantly be deposited into your wallet.
NB: you will need to transfer them to your Spot Wallet in order for you to buy another crypto.
You can do this immediately once the buying order is completed just by clicking "Transfer to Spot Wallet".
This Beefy Finance (BIFI) internal movement can be done whenever you need.
- Hover the mouse on "Wallet" and select "Wallet Funds" from the drop-down list.
- The "Transfer" button is located on the upper right area of the screen. Press it.
- Configure the «From» and «To» options on the pop-up window to:
- From: Funds
- To: Fiat and Spot
- Select the currency according to the funds you have in the platform, in this example we’ll use «USDT»
- Enter the cryptos you are about to transfer for the Exchange and click "Confirm".
Perfect! Now you have money available to buy any of the huge selection of Beefy Finance (BIFI) in the Binance platform.
See how easy is to purchase any cryptocurrency from the Binance platform:
- Select the "Trading" menu in the top panel.
- From that list select the "Convert" alternative.
- Input the sum of «USDT» you wish to spend.
- Select the crypto you would like to get.
- Press "Preview conversion".
- Confirm the transaction and that’s all. Now you will have the amount of the chosen crypto in your Spot Wallet.
Perfect! Now you have money available to purchase any of the numerous Beefy Finance (BIFI) in the Binance platform.
Buy any crypto from the Binance platform just following the steps detailed next:
- In the upper panel, loate the "Trading" option.
- Press "Convert" from the list.
- Fill in the box the sum of «USDT» you want to spend.
- Select the cryptocurrency you intend to buy.
- Select "Preview conversion".
- Confirm the transaction and that’s all. Now you will have the funds of the selected cryptocurrency in your Spot Wallet.
Based upon this information, you are now ready to start out trading on the Binance platform.
The future of money trading relies on Beefy Finance (BIFI)., and Binance is a safe and practical environment to do business. Start right now!