How to buy BitCash (BITC) on Binance
You can find many trading platforms on the Internet nowadays, but certainly Binance is among the most popular and innovative.
So, if you wish to start out operating on it, the first thing you should do is to discover how to purchase BitCash (BITC).
Prior to stepping into the alluring realm of cryptocurrency within the Binance platform, you will have to get acquainted with the following.
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Be able to register on Binance
The only way to get started in trading within Binance is subscribing to it.
Just follow each of the guidelines below.
Go to the Binance homepage and press on the "Register" option.
Click here to go straight to the Binance platform.
Look for the "Register with a phone or email" button in the main page and press it.
Apple devices can be used as well.
For the purpose of this article, the e-mail address registration process will be shown.
- In the window that is displayed, pick your country of residence from the drop-down list.
- Now the crucial step: password. Choose a string of characters difficult enough not to be easily guessed. Never use your name, birth date or things like that. Bear in mind that it’s your property what will have to be protected by that word
- Whether you would want to be updated periodically via e-mail about Binance news, check in the corresponding box. Next, you must accept the "Terms of Service" and that’s almost all. You’ve just created your account Next step is the email verification
Binance will immediately send a one-time-only activation code (remember: this is NOT the password you’ve created) that you’ll write it in the corresponding box, then press "Send"
You’re now a Binance subscriber!.
Take a time to get acquainted to the different areas of the Binance platform by visiting them.
You’ll realize how simple is to begin operating with BitCash (BITC).
The identity checking is a mandatory step you must complete to get access to all these options.
Please, be well aware that it is only after you have completed this protection measure that you’ll be allowed to begin operating with BitCash (BITC).
However, you don’t need to worry, continue reading the following section to know how to do it.
Learn to verify your account and start trading
These are the instructions to verify your Binance account and get the permission to begin operating:
On the main screen, place the mouse pointer on the user profile button and a list will immediately appear where you will press "Security"
Another alternative is to go to the upper part of the navigator window and press the "Verify" button
Go to "Identification" on the left options list.
Country of residence should be chosen here.
Next, the three levels of verification:
- The current one.
- The Verified.
- The Verified Plus.
will be displayed on screen.
Begin by selecting "Start now" located by the "Verified" level.
A new window will pop-up, and there you’ll have to provide your personal information: Nationality, first name and last name, middle name and date of birth. Besides, make sure you give the exact address of your residence
Next, you’ll need to present a legal document to sustain your identity.
You can do this with your passport, ID card, or license.
Follow the system guidance to take a selfie.
Once you have fulfilled the system’s requirements, you’ll have to wait a short time while your account is verified.
Now you must wait until your application has been accepted. Be patient, the platform will let you know via e-mail.
The following instructions will guide you through the BitCash (BITC) trading process. As soon as you’ve got the confirmation email, you have become a Binance licensed BitCash (BITC) trader.
Buying BitCash (BITC) on Binance
Now that you are subscribed to the Binance platform and have your account validated, you can start trading.
First you need to learn how to convert money into BitCash (BITC).
It is time to corroborate your identity with a legal document.
Use your passport, ID card or even your driver’s license to complete this step.
In the next stage, you will be asked to take a selfie, according to the platform’s guidelines.
Once those requisites have been completed, the Binance platform will perform a confirmation process on your account.
Now you must wait until your profile has been accepted. Be patient, the system will let you know via e-mail.
The following instructions will guide you through the BitCash (BITC) purchasing process. As soon as you’ve got the confirmation email, you’re a Binance authorized BitCash (BITC) trader.
How to purchase BitCash (BITC) on Binance
OK, account validated was all you needed to begin buying BitCash (BITC) right now.
Take a time to understand how to buy a BitCash (BITC).
Be aware that you could have more than one option for this process
The "Buy cryptos" menu on the Binance homepage will be your reference when making a purchase.
You need to, of course, try this once you are logged into your account
Hovering your mouse pointer over this option will display a list of alternatives for making your purchase.
Now you’ll need to provide a legal document to check your identity.
You can do this with your ID card, passport, or driver’s license.
Now the platform will ask you to take a selfie following certain guidelines.
When you have completed the system’s requirements, you will have to wait a short time while your account is verified.
When your profile has been approved, the system will send you an e-mail, just be patient.
The following instructions will guide you through the BitCash (BITC) trading process. As soon as you’ve received the confirmation e-mail, you have become a Binance authorized BitCash (BITC) trader.
Purchasing BitCash (BITC) on Binance
Since you have subscribed to the platform and have your account confirmed, you are OK to start trading.
Understanding how to buy a BitCash (BITC) is actually quite easy.
You may have more than one option throughout the process
To find out which options are available to you when making a purchase, see the "Buy cryptos" menu on the Binance main page.
Needless to say you must be logged into your account to do this
See all the different buying options just by placing your mouse over this button.
Buying BitCash (BITC) using a credit/debit card
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
These guidelines will be helpful to continue the process:
Currency preferred and amount of the investment should be defined here.
Next, select the BitCash (BITC) you’re going to get
Taking into account the amount of USD you have previously indicated, the system will automatically display the number of BitCash (BITC) you’ll get.
Next, just carry out these instructions:
Currency preferred and amount of the investment must be indicated in the next box.
Next, choose the BitCash (BITC) you’re going to buy
The number of BitCash (BITC) you’ll receive will depend upon the amount of USD you have just invested. The Binance system will immediately show it to you.
Click "Continue".
In case you are going to pay with a credit card, go to the "Visa/Mastercard" field and press the "Add card" option.
CC numbers must be entered in this step, then press "Next".
In this step you must state the physical address details for the credit card. Then select "Add card".
With this step, your credit card will be added to the payment methods in your user profile. Click "Continue".
Next, you’ll be presented an overview of the transaction about to be completed. That includes the sum you are paying, the selected currency and the quantity of BitCash (BITC) purchased.
Another important detail in this snapshot is the percentage Binance will charge you as a commision for making the operation.
At this point you have 1 minute to click on "Confirm", otherwise the order will be automatically aborted.
After this, you will be redirected to the bank platform the credit card belongs to. Follow the guidelines in the same way you would normally pay with your credit card.
Your recently bought BitCash (BITC) will be available in your Binance e-wallet (referred to as the «Spot Wallet») when the banking process is complete
Purchase BitCash (BITC) through Binance P2P
That is a transaction made «Person To Person», i.e.: trading BitCash (BITC)
with another Binance user. To achieve this, the first step is to state which payment method you would want to use.
Next, all the important details of the transaction will be displayed: the sum you’ll pay and the corresponding currency, and obviously, the cryptos you are going to receive.
Another detail of relevance in this overview is the percentage Binance will charge you as a commision for making the purchase.
You have 1 minute to press "Confirm", otherwise the order will be automatically terminated.
The platform will now redirect you to the bank issuing the credit card. Proceed just as you do when making a standard on-line credit card payment.
Once the banking procedure has been done, you’ll get your recently purchased BitCash (BITC) in your Binance e-wallet (referred to as the «Spot Wallet»)
See how easy is how to buy BitCash (BITC) through Binance P2P
You can get BitCash (BITC) not only via a direct purchase, but exchanging them «Person To Person»
with another Binance user too. To accomplish this, the first step is to indicate the payment method you want to work with.
- Click on "Security" in your account.
- In the menu on the left-hand side select "Payment".
- Choose "Add a Payment Method" and the Binance system will guide you through the rest of the procedure.
When the new payment method has been included in your profile, locate the "Buy Crypto" menu on the top part of the display, click the "Trading P2P" option and follow the steps described below:
- Click on the "Buy" option on the top bar of the "P2P Account" tab
- This bar shows all the BitCash (BITC) available for buying through P2P trading. Pick the one you would like to buy, for this exercise we use «USDT» as an example.It is important to note that when you purchase any crypto through P2P trading, you’ll be able to exchange it for any of the currencies that operate on the Binance platform.
- Select the local currency you want to use from the drop-down menu under the "Fiat" column, for instance, «VES».
- In the "Amount" box, enter the sum in VES you wish to buy with.
- Define the payment method and wait for the platform to display all of the traders that are currently offering BitCash (BITC).
- From the list list shown, you can choose any of the traders. It is recommendable to select a verified one 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 typed
- Select "Buy USDT" again
- That will open an order where you will be in touch with the trader. Pay within the time limit and press "Transferred, Next" and then press "Confirm".
The right way to transfer your BitCash (BITC) to the Spot Wallet
Cryptos will be released by the seller as soon as money reception acknowledge has been done.
This way, they will automatically be deposited into your wallet.
Note that you will have to send them to your Spot Wallet in case you want to purchase another cryptocurrency.
You can do this immediately once the buying order has been completed just by clicking "Transfer to Spot Wallet".
Should you forget to do this right after the purchase, there’s nothing to worry about: you’ll be able to do it later.
Ways to transfer your BitCash (BITC) to the Spot Wallet
The seller, upon validating money reception, will instantly release the BitCash (BITC).
This way, they will instantly be added to your account balance.
Although, in case you want to purchase another BitCash (BITC), you will need to send them to your Spot Wallet.
That’s easy: just click on "Transfer to Spot Wallet" once the buying order is completed.
In case you didn’t do this, don’t be anxious, you can move the cryptos later.
- Place the mouse pointer on "Wallet" and select "Wallet Funds" from the drop-down list.
- See the "Transfer" button on the upper right area of the screen and click on it.
- Change the «From» and «To» options on the pop-up window to:
- From: Funds
- To: Fiat and Spot
- Choose the currency corresponding to the funds you have in the platform, in this example we’ll use «USDT»
- Enter the cryptos you are transferring for the Exchange and press "Confirm".
That’s all! Now you will have money in the Spot Wallet and you will be able to trade any of the huge selection of BitCash (BITC) that the Binance platform has.
Purchase any cryptocurrency from Binance just following the instructions described next:
- Look for the "Trading" menu in the top top section.
- Click on "Convert" from the list.
- Fill in the box the amount of «USDT» you want to spend.
- Select the cryptocurrency you wish to buy.
- Select "Preview conversion".
- Confirm the transaction and that’s all. Now you will have the amount of the chosen cryptocurrency in your Spot Wallet.
That’s all! This way you will have money in the Spot Wallet so you will be able to buy any of the huge selection of BitCash (BITC) that the Binance platform has.
Note how easy is to purchase any cryptocurrency from the Binance platform:
- Select the "Trading" menu in the upper section.
- Click on "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to invest.
- Now select the cryptocurrency you’re about to get.
- Click on "Preview conversion".
- Confirm the transaction and that’s all. You now will have the amount of the chosen crypto in your Spot Wallet.
This post surely pictured you a detailed panorama of what Binance is and how you can trade BitCash (BITC) on it.
So, no time to waste, make a worthwhile business within the Binance platform.