How to buy bitCNY (BITCNY) on the Binance platform
You can find several trading platforms today on the Internet, but undoubtedly Binance is one of the most popular and reputed.
However, if you need to start out trading on it, the first thing you have to do is to discover ways to buy bitCNY (BITCNY).
Keep on reading this article and you’ll discover all what you need to know about buying crypto on Binance.
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Figure out how to register on Binance
There’s only way to get started in operating within the Binance platform: registering to it.
Hassle-free subscription: just follow the detailed guidelines listed below.
Search for the "Register" button in the Binance homepage and click on it to start the registration process.
You have the direct access here.
Look for the "Register with a phone or email" button in the homepage and press it.
This can also be done with any Apple phone.
In this post, we’ll will show you how to do this using an email address.
- In the window you’ll immediately see, select your country of residence from the drop-down list.
- The next step is choosing a safety password. This is quite important since it’s all about your money, so you have to create a really robust one
- Indicate if you would want to receive information and news directly from Binance in your inbox. Accept the "Terms of Service" and press "Create Account"
By now, you should have received an email sent to the address you’ve just used to create your Binance account. In its text you’ll see a one-time-only activation code you’ll need to will enter in that page. Then click on "Send"
You’re now a Binance subscriber!.
Take a time to get acquainted to the different areas of the Binance platform by browsing them.
That’s the best way to know how friendly the Binance platform is, and how quick you can start operating with bitCNY (BITCNY).
Fulfill the required ID verification to enable all those options.
Important: No bitCNY (BITCNY) trading will be permitted if you ignore this protection measure.
In the following paragraphs, you’ll be guided on how to do it. Zero problems.
Verify your Binance account to get started on trading
To become an authorized subscriber you must follow the steps described below:
Choose "Security" from the drop-down list under the user profile section
You can also click on the "Verify" button on the upper part of the navigator window
Select "Identification" on the left options list.
Country of residence should be chosen here.
On this screen you’ll will find 3 verification levels:
- The current one.
- The Verified.
- The Verified Plus.
To begin, you should choose "Verified", pressing the "Start now" option under it.
A pop-up window will appear, and there you’re going to enter your personal information: Nationality, first name and surname, middle name and date of birth. Besides, make sure you provide the exact address of your residence
Next, you’ll have to to show a legal document to check your identity.
You can do this with your ID card, passport, or license.
Follow the system instructions to take a selfie.
Now you’ll have to wait for a short time while an account verification process takes place.
When your application has been approved, you’ll be informed via e-mail, just be patient.
Congrats! Now you’re officially authorized to trade bitCNY (BITCNY). The following instructions will be helpful.
Buying bitCNY (BITCNY) on Binance
So, account confirmed was all you needed to begin buying bitCNY (BITCNY) right now.
The first thing is to discover how to invest your money in bitCNY (BITCNY).
Now you’ll have to to provide a legal document to support your identity.
You can do this by using your ID card, passport, or license.
Follow the system guidance to take a selfie.
Now you’ll have to wait for a short period while an account verification process takes place.
Now you have to wait until your profile has been accepted. Be patient, Binance will send you an e-mail.
Congratulations! Now you’re officially licensed to trade bitCNY (BITCNY). The following guidelines will be helpful.
Purchasing bitCNY (BITCNY) on Binance
Since you have registered on the Binance platform and got your account verified, you are OK to start trading.
In this section you’ll realize how simple is to invest your money in bitCNY (BITCNY).
Be aware that you have more than one option for this process
See the "Buy cryptos" menu on the Binance homepage to find out which options are available to you when making a purchase.
You will need to, of course, do this after you’ve signed into your account
Hovering your mouse pointer over this option will display a list of alternatives to make the purchase.
At this point, the Binance platform will require you to present a legal document for identity checking.
passport, ID card or even a license will be enough to fulfill this condition.
Follow the system instructions to take a selfie.
The final step will be carried out by the Binance system: a verification process that will just take a while.
All you need to do is wait patiently, Binance is going to send you an e-mail once your profile has been approved.
Upon receiving that email it’s time to get bitCNY (BITCNY), just follow the instructions below.
Purchasing bitCNY (BITCNY) on Binance
So, account validated was all you needed to begin buying bitCNY (BITCNY) immediately.
Learning how to invest your money in bitCNY (BITCNY) is actually quite easy.
Be aware that you have different options for this process
The "Buy cryptos" menu on the Binance main page will be your reference at buying time.
Needless to say you must log into your account to be able to do this
Uncover all the different purchase options just by placing your mouse over this button.
Using your debit or credit card for buying bitCNY (BITCNY)
Select the credit card-related option from the drop-down menu labeled "Buy Cryptos".
The following guidelines will be helpful to continue the process:
Currency to be used and how much you will invest should be defined here.
The the bitCNY (BITCNY) you would like to get must be indicated in the second field
When you do so, the platform will immediately display the number of bitCNY (BITCNY) you will be given, according the amount of USD you’ve previously indicated.
These instructions will help you in the process:
In the next box, choose the currency you’d like to use and enter how much you are going to invest.
The the bitCNY (BITCNY) you’d like to buy must be indicated in the second field
When you do so, the system will immediately display the number of bitCNY (BITCNY) you will get, considering the amount of USD you’ve recently indicated.
Click "Continue".
In case you decided to pay with a credit card, go to the "Visa/Mastercard" field and press the "Add card" button.
Enter your card data and click "Next".
The credit card’s associated address should be indicated next. Be very careful, since you’ll need to enter it exactly as it is, otherwise the card won’t be admitted. Then choose "Add card".
Click "Continue" after you notice your card has been successfully included in your user profile as a new payment method.
Next, all the relevant details of the transaction will be summarized: the amount you are paying and the corresponding currency, and of course, the cryptos you are going to receive.
Indeed, Binance will claim a certain percentage as a commission for making the operation, and it will be shown in that snapshot as well.
At this point you have 60 seconds to press "Confirm", otherwise the order will be automatically terminated.
The next step has to be done on the credit card bank system. Follow the guidelines in the same way you would normally pay with your card.
After the banking process is complete, you’ll have your recently purchased bitCNY (BITCNY) in your Binance e-wallet (referred to as the «Spot Wallet»)
See how easy is how to buy bitCNY (BITCNY) through Binance P2P
This is a transaction made «Person To Person», i.e.: trading bitCNY (BITCNY)
with another Binance trader. To get this done, the first step is to add the payment method you wish to use.
Next, all the important details of the transaction will be summarized: the amount 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 summary is the sum you’ll be charged as a commision for making the purchase.
At this point you have 60 seconds to click on "Confirm", otherwise the order will automatically expire.
The system will now redirect you to the bank issuing the credit card. There you would make a normal on-line payment using your credit card.
You can check your Binance e-wallet (referred to as the «Spot Wallet») after the banking procedure has been completed to find your recently bought bitCNY (BITCNY) already there
Purchase bitCNY (BITCNY) with Binance P2P
That means «Person To Person», i.e.: exchanging bitCNY (BITCNY)
with another Binance trader. To get this done, the first step is to state which payment method you wish to work with.
- Go to your profile and press "Security".
- In the menu on the left-hand side choose "Payment".
- After Clicking on "Add a Payment Method" the Binance system will guide you through the rest of the procedure.
After you have added the new method of payment to your account, move to the "Buy Crypto" menu (top bar of the navigator), select the "Trading P2P" option, and follow the instructions below:
- On the upper bar of the "P2P Account" menu, choose "Buy"
- Here you can choose the bitCNY (BITCNY) you’re interested in, among all those available for purchase through P2P trading. We will use «USDT» for this example.It is important to note that once you buy one of these cryptocurrencies via P2P trading, you will be able to exchange it for any of the foreign currencies that operate on the Binance platform.
- Choose the local currency you want to make the payment with from the drop-down list under the "Fiat" column, for example, «VES».
- Now you need to type the sum in VES you’d like to use in the "Amount" box.
- You will see a list of dealers offering cryptos a little while after you’ve chosen the payment method.
- Select a trader from the list shown. We suggest that you pick a verified one with a high percentage of sales completed.
- Now press "Buy USDT"
- Now the amount you want to invest in VES must be input
- Again, click on "Buy USDT"
- Now an order has been generated and the trader and you will be in touch. Complete the payment, click on "Transferred, Next", then press "Confirm". Notice that there’s a limited time for you to make the payment.
Tips on how to transfer your bitCNY (BITCNY) to the Spot Wallet
Once you have made a payment to the trader, they will be able to release the bitCNY (BITCNY), just by confirming payment reception.
This way, they will automatically be added to your wallet balance.
Take into account that your bitCNY (BITCNY) must be in your Spot Wallet in case you would want to purchase others, so you must send them there before.
You can do this immediately right after the buying order has been completed just by clicking "Transfer to Spot Wallet".
In the event you didn’t do this, don’t be concerned, you can move the cryptos later.
How you can transfer your bitCNY (BITCNY) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as payment reception validation has been done.
You may see your wallet Binance balance to confirm reception.
Note that you must move them to your Spot Wallet in case you would want to get any other crypto.
You can do this immediately immediately after the buying order is completed just by clicking "Transfer to Spot Wallet".
If you didn’t do this, don’t fear, you can do it later.
- Drop the "Wallet" menu down and click on the "Wallet Funds" option.
- Now click on the "Transfer" option on the upper right area of the screen.
- In the pop-up window, swap the «From» and «To» options to the following configuration:
- From: Funds
- To: Fiat and Spot
- Choose the currency in which you have funds, in the example here we use «USDT»
- Enter the amount you are moving to the spot walet and click "Confirm".
All right! Now you have money available to buy any of the numerous bitCNY (BITCNY) in the Binance platform.
To purchase bitCNY (BITCNY) from Binance all you have to do is the following:
- In the top section, find the "Trading" option.
- Press "Convert" from the list.
- Input the sum of «USDT» you want to spend.
- Select the cryptocurrency you wish to purchase.
- Select "Preview conversion".
- Validate the operation and that’s all. Now you will have the amount of the chosen cryptocurrency in your Spot Wallet.
With these funds already in your Spot Wallet, nothing keeps you from purchasing any crypto you consider could be worthwhile.
Find out how easy is to purchase any crypto from Binance:
- In the upper panel, look for the "Trading" menu.
- Press "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to spend.
- Select the cryptocurrency you wish to get.
- Press "Preview conversion".
- Validate the operation and that’s it. You will have the amount of the selected cryptocurrency in your Spot Wallet.
Based on this information, you are now ready to commence trading on the Binance platform.
Cryptos are the future, and Binance is a safe and comfortable platform to do business. Start today!