How to purchase BIDR (BIDR) on the Binance platform
Binance is one of the top-notch trading platforms in the world.
Understanding how to purchase BIDR (BIDR) is vital if you’ would like to get started on trading on that platform.
Keep on reading this post and you will find all the information you need for buying crypto on Binance.
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How to register on Binance
To be capable of buying BIDR (BIDR) on Binance, one thing you must know is how to open your account.
Subscribing on the platform is very simple: check the following instructions.
Search for the "Register" option in the Binance main page and click on it to begin the registration process.
Access directly to Binance by pressing here.
At this point click on the "Register with a phone or email" button.
You can also do this using your Apple phone.
Here we’ll will show you the subscription process using an email address.
- From the drop down list of countries, pick the one you reside.
- Now the crucial step: password. Define an alphanumeric word strange enough not to be easily guessed. Don’t use your name, birth date or things like that. Be well aware that it’s your money what will have to be protected by that word
- If you would want to be informed 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 Next step is the e-mail verification
See the inbox at the e-mail address you used for enrollment and look for the activation code for your Binance account. Type it in the corresponding line and press "Send"
You’re now a Binance subscriber!.
Take a time to get acquainted to the different options of the Binance platform by navigating through them.
This way you mayit will be possible to begin trading BIDR (BIDR) quickly.
To get access to these options, the first thing you must do is complete the ID checking.
Notice: No BIDR (BIDR) trading will be permitted if you ignore this protection measure.
No big deal, though. See the next section to fulfill that step.
Verify your Binance account to start out trading
To become an authorized Binance trader you have to follow the next steps:
Click on "Security" from the drop-down list under the user profile button
You may also click the "Verify" button on the upper part of the screen
Locate the option "Identification" on the left side of the navigator window.
Pick the Country of Residence.
Next, the three verification levels:
- The current one.
- The Verified.
- The Verified Plus.
will be displayed on your navigator window.
Click on the "Start now" button below the "Verified" label, for this is the beginning level.
Then a pop-up window will be shown and there you should provide the following info:
- Nationality.
- First and Last Name.
- Middle name and birth date.
- Exact address of your residence.
It is time to corroborate your identity using a legal document.
You can do this by using your passport, ID card, or driver’s license.
Follow the system guidance to take a selfie.
The final step is on Binance’s side: a certification process that will just take a while.
So, be patient, Binance is going to send you an e-mail as soon as your request has been accepted.
After that, it’s time to buy BIDR (BIDR), to do so follow the instructions below.
How to purchase BIDR (BIDR) on Binance
Beginning your BIDR (BIDR) trading experience has never been so simple, right?.
The first thing is to discover how to convert money into BIDR (BIDR).
Now you’ll need to use a legal document to verify your identity.
You can do this with your passport, ID card, or license.
Follow the system requirements to take a selfie.
Now you’ll have to wait for a short period while an account verification process is performed.
Now you have to wait until your application has been approved. Be patient, Binance will let you know via email.
The following instructions will guide you through the BIDR (BIDR) buying process. As soon as you’ve received the confirmation email, you’re a Binance licensed BIDR (BIDR) trader.
Buying BIDR (BIDR) on Binance
All right, account approved was all you needed to begin buying BIDR (BIDR) immediately.
Learning how to convert money into BIDR (BIDR) is actually quite easy.
Be aware that you could have different options for this process
Browse through the "Buy cryptos" menu on the Binance main page to find out which options are available to you when making a purchase.
You need to, of course, try this once you are logged into your account
See all the different purchase options just by hovering your mouse over this button.
Now you’ll need to show a legal document to sustain your identity.
Use your ID card, passport or even your driver’s license to complete this step.
Now the platform will ask you to take a selfie under certain conditions.
Once those steps have been completed, the Binance platform will perform a verification process on your account.
Now you must wait until your application has been accepted. Be patient, the platform will let you know via email.
Upon receiving that email it’s time to buy BIDR (BIDR), just follow the instructions below.
Buying BIDR (BIDR) on Binance
Starting your BIDR (BIDR) trading career has never been so easy, right?.
Learning how to make a purchase of BIDR (BIDR) is actually quite easy.
Some processes might have optional paths
The "Buy cryptos" menu on the Binance main page should be your reference when making a purchase.
Needless to say you must login to your account to do this
Placing your mouse pointer over this key will show a list of alternatives for making the purchase.
Make use of your debit or credit card for buying BIDR (BIDR)
Go to the "Buy Cryptos" and select the credit card-related option from the menu.
The following guidelines will help you in the process:
Now you must pick the currency you’d like to use and type the amount you are going to invest.
The the BIDR (BIDR) you intend to purchase must be indicated in the second field
After you do so, the platform will automatically display the quantity of BIDR (BIDR) you are going to receive, considering the amount of USD you’ve previously indicated.
Next, just stick to these directions:
Currency to be used and amount of the investment must be indicated in the next box.
Next, select the BIDR (BIDR) you’re going to purchase
The quantity of BIDR (BIDR) you will get will depend upon the amount of USD you have just invested. The Binance system will automatically display it.
Click on "Continue".
If you’re going to pay with a credit card, select in the "Visa/Mastercard" field the option "Add card".
Then the platform will ask you to indicate your credit card numbers.
In this step you must specify the physical address details of the CC. After this, select "Add card".
When you see your new card has been added, click on "Continue".
Next, you’ll be presented a quick view of the operation in its final stage. It includes the amount your card will be charged, the chosen currency and the quantity of BIDR (BIDR) bought.
In fact, Binance will take a small amount as a commission for supporting the transaction, and that will appear in that overview also.
Now you have to acknowledge the order clicking on the "Confirm" button within the next minute, or it will be automatically shut down.
The platform will now redirect you to the credit card issuing bank. There you should make a normal online payment with your credit card.
Your recently bought BIDR (BIDR) will be credited to your Binance e-wallet (referred to as the «Spot Wallet») when the banking process is complete
Know how to purchase BIDR (BIDR) via Binance P2P
You can get BIDR (BIDR) not only by means of a direct purchase, but trading them «Person To Person»
with another Binance trader too. You should specify the payment method you want to use first.
Next, you’ll see a summary of the transaction in its final stage. It includes the amount your card will be charged, the selected currency and the quantity of BIDR (BIDR) purchased.
It will also show you the commission you should pay for the operation.
Within the next 60 seconds click on "Confirm", there after the order will expire automatically.
Next, you will be redirected to the banking platform the credit card has been issued by. Then you should complete a standard on-line payment using your credit card.
You can take a look at your Binance digital wallet (referred to as the «Spot Wallet») as soon as the banking process has been done to see your recently purchased BIDR (BIDR) already credited
Buy BIDR (BIDR) with Binance P2P
A different way to buy crypto is to exchange it
with another trader. Method of payment is the first parameter you must state.
- Click on "Security" in your profile.
- In the list on the left-hand side choose "Payment".
- Click on "Add a Payment Method" and the system will guide you through the rest of the procedure.
Now that the new payment method has been configured in your account, go to the upper bar of the navigator and hover on "Buy Crypto" to drop-down the list of options and select "Trading P2P". Then see the following instructions:
- Locate the "Buy" button on the top bar of the "P2P Account" menu and click it
- In this bar you will see the list of BIDR (BIDR) available for buying via P2P trading. Select the one you would like to buy, here we present «USDT» as an example.It is important to note that once you buy one of these cryptocurrencies through P2P trading, you’ll be able to exchange it for any of the foreign currencies that operate on the Binance platform.
- Now you should choose the local currency you want to use, for example, «VES». To do this, place the list under the "Fiat" column.
- Now you must type the sum in VES you’d like to use in the "Amount" box.
- You will see a list of traders offering cryptos as soon as you have stated the method of payment.
- From the list list shown, you may choose any of the sellers. Although it is advisable to select a verified one and better if a good percentage of completed sales is displayed.
- Next press "Buy USDT"
- Type the amount in VES you would want to invest
- Select "Buy USDT" again
- Now an order has been created and you’ll be able to contact the trader. Complete the payment, press "Transferred, Next", then press "Confirm". Be aware that there’s a time limit for you to pay.
The right way to transfer your BIDR (BIDR) to the Spot Wallet
Once you have made a payment to the trader, they will release the BIDR (BIDR), by confirming payment reception.
You may see your wallet Binance balance to confirm reception.
Although, in order for you to buy another BIDR (BIDR), you 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".
If you forget to follow this step right after the purchase, no problem at all: you’ll be able to do it at any moment.
The right way to transfer your BIDR (BIDR) to the Spot Wallet
The seller, upon receiving your money, will immediately release the BIDR (BIDR).
This way, they will automatically be deposited into your wallet.
NB: you will have to send them to your Spot Wallet in order for you to purchase another cryptocurrency.
That’s quite simple: just press "Transfer to Spot Wallet" once the purchase order is completed.
This BIDR (BIDR) internal transfer can be performed whenever you need.
- Drop the "Wallet" list down and select the "Wallet Funds" button.
- The "Transfer" button is located at the top right. Press it.
- Change the «From» and «To» options on the pop-up window to:
- From: "Funds"
- To: "Fiat and Spot"
- Choose the currency corresponding to your funds in the platform, in this example we’ll use «USDT»
- Input the amount you are moving for the Exchange and click "Confirm".
That’s it! This way you will have funds in the Spot Wallet and you will be able to trade any of the numerous BIDR (BIDR) within the Binance platform.
Buy any crypto from Binance just following the steps described below:
- Find the "Trading" menu in the top top panel.
- From that listing choose the "Convert" option.
- Fill in the box the amount of «USDT» you wish to invest.
- Select the crypto you intend to buy.
- Click on "Preview conversion".
- Confirm the transaction and that’s it. Now you will have the amount of the selected crypto in your Spot Wallet.
With these money already in your Spot Wallet, don’t fear to trade any crypto you think could be worthwhile.
To buy BIDR (BIDR) from Binance all you have to do is described below:
- Find the "Trading" option in the upper panel.
- Click on "Convert" from the list.
- Fill in the box the amount of «USDT» you want to invest.
- Select the cryptocurrency you intend to purchase.
- Select "Preview conversion".
- Confirm the operation and that’s it. Now you will have the funds of the chosen cryptocurrency in your Spot Wallet.
This article have surely pictured you a wide overview of what Binance is and how you can do business with BIDR (BIDR) on it.
Cryptos have come to stay, and Binance is a safe and practical place to do business. Begin right now!