There are several trading platforms on the WWW nowadays, but undoubtedly Binance is among the most popular and innovative.
However, if you wish to start out operating on it, the first thing you must do is to discover ways to purchase BitBay (BAY).
Stay on this article and you’ll see everything you need to know about buying crypto on Binance.
Opening a Binance account is the very first step you have to complete.
Easy registration: just follow the instructions below.
Visit the Binance homepage and click on the "Register" option.
Here you have the direct link to Binance.
Look for the "Register with a phone or email" button in the homepage and click on it.
iOS devices can be used as well.
In this post, we’ll will describe how to do this using an email account.
You should have received an e-mail sent to the address you’ve just used for subscribing on the Binance platform. In its text you’ll see a one-time-only activation code you’ll need to will enter in that page. Then press "Send"
Finally, your Binance subscription is active.
It would be a nice idea to browse the different areas of the Binance platform and become familiar with them.
This way you mayyou will be able to begin trading BitBay (BAY) conveniently.
To get access to these options, you have to fulfill the identity checking.
Please, be well aware that it will be only after you have completed this security measure that you’ll be authorized to start operating with BitBay (BAY).
In the next instructions, you’ll see how to do it. Zero problems.
The following are the steps to verify your Binance account and get the authorization to begin operating:
From the user profile menu, click on "Security"
You may also click the "Verify" button on the upper part of the navigator window
Look for the option "Identification" on the left side of the screen.
Select the Country of Residence.
It will show you 3 verification levels: the one you already have, the Verified, and the Verified Plus.
To begin, select "Start now" located below the "Verified" level.
Then a pop-up window will display and there you will have to tytpe the following info:
The next step is to support your identity with a legal document.
ID card, passport or even a license will be enough to complete this condition.
Now the system will require you to take a selfie following certain guidelines.
Now you’ll have to wait for a short time while an account verification process takes place.
When your request has been accepted, Binance is going to send you an email, just be patient.
After that, it’s time to buy BitBay (BAY), to do so follow the instructions below.
In this segment you’ll see how simple is to make a purchase of BitBay (BAY).
Now you’ll need to present a legal document to check your identity.
Use your passport, ID card or even your driver’s license to complete this step.
Follow the system instructions to take a selfie.
The last step is on Binance’s side: a certification process that will just take a while.
Now be patient, Binance will send you an email when your request has been approved.
The following instructions will guide you through the BitBay (BAY) purchasing process. As soon as you’ve received the confirmation e-mail, you are a Binance authorized BitBay (BAY) trader.
Take a time to know how to convert money into BitBay (BAY).
Some steps might have alternative paths
The "Buy cryptos" menu on the Binance homepage should be your reference at buying time.
Certainly, you’ll only be able to do this once you are logged in
Hovering your mouse pointer over this button will show a list of alternatives to make your purchase.
Next, you’ll have to to show a legal document to support your identity.
Use your passport, ID card or even your license to complete this step.
Now the system will ask you to take a selfie under certain conditions.
The last step will be made by the Binance platform: a confirmation process that will just take a while.
As soon as your profile has been accepted, the platform is going to send you an email, just be patient.
The following instructions will guide you through the BitBay (BAY) trading process. As soon as you’ve received the confirmation email, you’re a Binance licensed BitBay (BAY) trader.
In this segment you’ll realize how easy is to buy a BitBay (BAY).
Some steps would probably have optional paths
To know which options can be found when buying, see the "Buy cryptos" menu on the Binance main page.
Certainly, you’ll only be able to do this if you’re logged in
See all the different purchase options just by placing your mouse over this button.
What you need to do to buy the BitBay (BAY) of your preference using a credit card, is to select this option from the drop-down menu labeled "Buy Cryptos".
After that, just adhere to these guidelines:
In the next box, select the currency you’d like to buy with and specify the amount you are going to invest.
In the second field you should choose the BitBay (BAY) you’d like to purchase
Once you do so, the system will automatically show you the quantity of BitBay (BAY) you are going to get, taking into account the amount of USD you have just stated.
These instructions will help you in the process:
In the next box, select the currency you want to use and specify the amount you want to invest.
In the next field you must choose the BitBay (BAY) you’d like to purchase
The number of BitBay (BAY) you’ll be given will depend upon the amount of USD you have just specified. The Binance system will automatically show it to you.
Next click "Continue".
Now you must specify your method of payment. To pay with a credit card, pick in the "Visa/Mastercard" box the option "Add card".
Then the platform will ask you to indicate your CC details.
Now write the physical address details for the CC. Then select "Add card".
When you see your new card has been successfully included, press "Continue".
The next screen will display a snapshot of the operation in its final stage. That includes the amount your card will be charged, the chosen currency and the amount of BitBay (BAY) you will be given.
Another detail of relevance in this overview is the amount Binance will charge you as a commision for making the purchase.
Now you have to certify the order pressing the "Confirm" button within the following minute, or it will be automatically aborted.
Next, you’ll be sent towards the banking platform the credit card belongs to. Proceed just as you do when making a standard on-line credit card payment.
Your recently bought BitBay (BAY) will be available in your Binance e-wallet (referred to as the «Spot Wallet») after the banking procedure has been finished
Next, you’ll be presented a quick view of the transaction about to be completed. It includes the sum your card will be charged, the selected currency and the quantity of BitBay (BAY) you will be given.
Certainly, Binance will charge you a certain percentage as a commission for supporting the transaction, and it will be shown in that summary as well.
You have 1 minute to click on "Confirm", otherwise the order will be automatically terminated.
The next step needs to be carried out on the credit card banking platform. Proceed exactly as you usually do when making a standard online credit card payment.
Once the banking process has been done, you’ll have your purchased BitBay (BAY) in your Binance e-wallet (called the «Spot Wallet»)
Once you have added the new payment method to your profile, move to the "Buy Crypto" menu (upper bar of the navigator), pick the "Trading P2P" button, and follow the directions below:
After you have completed a payment to the trader, they are going to release the BitBay (BAY), just by confirming invoice of the payment.
You may verify your wallet Binance balance to confirm reception.
Take into account that your BitBay (BAY) must be in your Spot Wallet in order for you to buy others, so you will need to transfer them there before.
To achieve this, all you have to do is press "Transfer to Spot Wallet" once the purchase order is completed.
In the event you didn’t follow this step, don’t worry, you can do it later.
Cryptos will be released by the trader as soon as payment reception acknowledge has been done.
The default place where BitBay (BAY) are added to is your Binance wallet.
Note that you will have to send them to your Spot Wallet in case you want to purchase another cryptocurrency.
To do this, you only need to click on "Transfer to Spot Wallet" immediately after the purchase order has been completed.
If you forget to follow this step right after buying the cryptos, no problem at all: you’ll always be able to do it at any moment.
With these funds already in your Spot Wallet, don’t fear to buy any cryptocurrency you think could yield the highest profit.
Purchase any cryptocurrency from Binance just following the steps detailed below:
Perfect! Now you have funds available to trade any of the several BitBay (BAY) in the Binance platform.
To purchase BitBay (BAY) from the Binance platform all you have to do is the following:
You’ve already learned how simple is to start doing business with BitBay (BAY) on Binance.
Don’t wait any longer and start generating an extra income.
In case you are planning to make money by purchasing cryptocurrencies, you should figure out how to make use of the Kucoin platform. This form ofexchange is providing strong benefits to any or all its subscribers, and it is making increasingly more progress in all its tradings.
If you want to learn quickly how to buy a BitBay (BAY) in Kucoin, you will need to stay in this article.
Once you have subscribed to Kucoin and met the security requirements, you should deposit your euros. This technique is rather simple, the best part is that you have several ways to do that.
One of them is usually to enter to the "Assets" or "Balance" section at the top right in the display and choose the «Deposit» link. Next, select the BitBay (BAY) you would want to put into your account to purchase new cryptos, for instance, USDT.
After that, you will pick the network you will use for the operation. All of us advise Tron (TRC20) because it gets the lowest commissions.
Below you’ll find the address you have to insert in the «Exchange» where you currently have the USDT you’d like to send to Kucoin. Once you do this, you can expect to get the funds within your main account immediately.
If this seems not to be not working in your country, you should attempt moving funds to your account via P2P trading. This kind of deal signifies that you make a traditional bank transfer to any of the documented traders to get any of the accepted cryptos.
Now that you get the money in your account, it’s time to learn how to navigate through the Kucoin platform.
Purchasing a BitBay (BAY) on Kucoin you must move the money you’ve just purchased to the trading accounts. To accomplish this you have to open the «Balance» menu, click the main account, enter the cryptocurrencies and after that choose "Transfer". This last option can be found on the same line as the currency you are about to use for the purchase.
If that is not working in your country, you should try moving funds to your account via P2P trading. This type of purchase means that you make a bank transfer to any of the registered traders to receive any of the certified cryptos.
Now that you have the money in your account, it’s the perfect time to start interacting the Kucoin platform.
Purchasing a BitBay (BAY) on Kucoin you need to transfer the money you have just purchased to the trading account. To accomplish this you have to go to the «Balance» menu, click the main account, enter the cryptocurrencies and choose «Transfer». This last option can be found on the same line than the currency you are going to use for the purchase.
After that, you will be sent to a window to choose where you are going to send the funds. You have to transfer from the «Main Account» to the "Trading Account", and indicate the currency and the quantity you wish to send to trade. Then simply click "Confirm".
Once you have the funds already credited in your account, you are able to buy your crypto and begin trading.
Next we will discuss how to buy BitBay (BAY) in diverse techniques. To start, you have to go to the «Trade» menu and click on «Spot trading» (Spot Market). Then simply enter the word BitBay (BAY) in the search line in the top corner of the webpage.
The system will reveal the crypto pairs you can operate with.
In short, you‘ll only be capable to purchase BitBay (BAY) only with the crypto pairs displayed there.
In this case, you’re allowed do it with «USDT», «USDC», «KCS», and «BTC».
We select ADA/USDT since we’ve got funds in this two. When we accomplish that, it instantly loads the crypto graph data and the order book containing the buy and sell operations.
To be able to do the transaction, it is necessary to type the trading code.
At the bottom-right, the financial markets to trade crypto can be found, automatically enabling «Spot». There we have 3 ways to buy BitBay (BAY). Those are the following:
You can also set the order activation but process it at the ideal market price. You will do this by going to "Stop Market", and typing in «Stop Price» the sum you want the BitBay (BAY) to get to activate the order and the amount of USDT to invest. By clicking on Buy BitBay (BAY), your buying order will be executed at the market rate when it is the identical to the stop price you’ve just typed.
With any of these alternatives, you’ve already got the BitBay (BAY) tokens you have purchased available in your trading account. From this moment you’re free to trade with that or you can purchase any other cryptos. Remember that with BitBay (BAY) you will only be able to get the cryptos available in their pairs. Usually, you will have to trade your BitBay (BAY) for a crypto that is commonly available in the BitBay (BAY) pairs, such as BTC, USDT, and BNB, and after that you could purchase the particular one that you actually wish.
Now you can start trading a BitBay (BAY) via the Kucoin platform.
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