Learn how to purchase Bitcoin Classic (BGH) on the Binance platform
Undoubtedly one of the most reputed trading platforms in the world today is Binance.
Therefore, the first thing you have to to do if you wish to get started operating on it is to understand how to get Bitcoin Classic (BGH).
Before stepping into the amazing realm of crypto on the Binance platform, you must get acquainted with the following.
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Learn how to register on Binance
Subscribing to the Binance platform is the very first step you need to accomplish.
Subscribing the platform is quite simple: see the following guidelines.
Proceed to the Binance homepage and press on the "Register" key.
You have the direct access here.
At this moment click on the "Register with a phone or email" button.
Apple mobile phones or tablets can be used to do this as well.
For the purpose of this guide, the e-mail address subscription technique will be explained.
- In the screen you’ll immediately see, choose your country of residence from the drop-down list.
- Now the extremely important part: password. Select a string of characters rare enough not to be simply guessed. Never use your birth date, middle name or things like that. Keep in mind that it’s your property what will have to be secured by that word
- If you would want to be informed periodically via e-mail about Binance news, check in the corresponding option. Then you must accept the "Terms of Service" and that’s almost all. Your account has been created Next step is the email verification
Check the inbox in the email address you used for enrollment and look for the activation code exclusive of your account. Type it in the corresponding box and press "Send"
That’s all! You are now signed up with Binance.
Now you may access the Binance platform and observe all the options it offers.
That’s the best way to realize how friendly the Binance platform is, and how quick you can begin trading Bitcoin Classic (BGH).
The ID verification is a required step you must fulfill to gain access to all those options.
It is very important to note that until you fulfill this protection step, you will not be authorized to start operating with Bitcoin Classic (BGH).
In the next paragraphs, you’ll be guided about how to do it. Zero problems.
Learn to verify your Binance account and put hands on trading
To be an authorized customer you must follow the next steps:
Choose "Security" from the drop-down list under the user profile section
You can also click the "Verify" button at the top of the navigator window
Look for the option "Identification" on the left part of the screen.
Country of residence should be chosen here.
Next you’ll will see 3 verification levels:
- The current one.
- The Verified.
- The Verified Plus.
Begin by choosing "Start now" just by the "Verified" level.
Then a pop-up window will display and there you will have to write the following information:
- Nationality.
- First and Last Name.
- Second name and date of birth.
- Exact address of your residence.
Now you’ll have to to use a legal document to corroborate your identity.
passport, ID card or even a license will be enough to fulfill this formality.
Now the system will require you to take a selfie under certain conditions.
Once you have completed the platform’s guidelines, you’ll have to wait a short while for the confirmation to be performed on your account.
Once your request has been approved, the platform is going to send you an e-mail, just be patient.
The following instructions will guide you through the Bitcoin Classic (BGH) purchasing process. As soon as you’ve received the confirmation e-mail, you are a Binance authorized Bitcoin Classic (BGH) trader.
Buying Bitcoin Classic (BGH) on Binance
Beginning your Bitcoin Classic (BGH) trading career has never been so easy, right?.
Understanding how to make a purchase of Bitcoin Classic (BGH) is not that hard.
Next, you’ll need to provide a legal document to corroborate your identity.
passport, ID card or even a license will be enough to complete this condition.
Follow the system requirements to take a selfie.
Now you’ll have to wait for a short time while an account verification process takes place.
Now wait patiently, Binance is going to let you know via email once your application has been approved.
After that, it’s time to get Bitcoin Classic (BGH), to do so follow the instructions below.
Learn to purchase Bitcoin Classic (BGH) on Binance
Beginning your Bitcoin Classic (BGH) trading experience has never been so simple, right?.
In this section you’ll discover how simple is to convert money into Bitcoin Classic (BGH).
Take into account that you may have more than one option for this process
The "Buy cryptos" menu on the Binance main page should be your reference when making a purchase.
Needless to say you must log into your account to do this
Hover your mouse on this key and a list of buying alternatives will be shown.
Now you’ll have to to show a legal document to corroborate your identity.
You can do this by using your passport, ID card, or license.
In the next step, you will be asked to take a selfie, following the application’s guidelines.
The last step will be carried out by the Binance system: a certification process that will just take a while.
Now you have to 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 Bitcoin Classic (BGH) trading process. As soon as you’ve got the confirmation email, you’re a Binance licensed Bitcoin Classic (BGH) trader.
Buying Bitcoin Classic (BGH) on Binance
Now that you have registered on the platform and have your account confirmed, you can start trading.
First you need to know how to convert money into Bitcoin Classic (BGH).
You will probably have more than one option throughout the process
The "Buy cryptos" menu on the Binance main page should be your reference when making a purchase.
Obviously, you’ll only be able to do this once you are logged in
Placing your mouse pointer over this key will show a list of alternatives for making your purchase.
Buying Bitcoin Classic (BGH) using a credit/debit card
Select the credit card-related option from the drop-down list labeled "Buy Cryptos".
Read on for detailed guidelines:
Now you should pick the currency you wish to use and indicate the amount you are going to invest.
In the next field you must select the Bitcoin Classic (BGH) you would like to buy
The quantity of Bitcoin Classic (BGH) you are going to be given will depend upon the amount of USD you have just stated. The Binance platform will immediately show it to you.
These instructions will help you in the process:
In the next box, choose the currency you’d like to buy with and indicate the amount you want to invest.
In the second field you must select the Bitcoin Classic (BGH) you wish to buy
The quantity of Bitcoin Classic (BGH) you’ll be given will depend upon the amount of USD you have previously invested. The Binance platform will automatically show it to you.
Click "Continue".
Now you must specify your method of payment. To pay with your credit card, select in the "Visa/Mastercard" box the button "Add card".
Indicate your CC numbers and click "Next".
Now write the physical address details for the credit card. Following this, select "Add card".
Click "Continue" after you check your card has been successfully included in your user profile as a new payment method.
Next, all the relevant details of the operation will be displayed: the sum you are paying and the corresponding currency, and of course, the cryptos you will receive.
Another detail of relevance in this quick view is the percentage Binance will charge you as a commision for making the operation.
In less than 1 minute press "Confirm", there after the order will be automatically shut down.
After this, you will be redirected to the banking platform the credit card belongs to. Then you should make a standard on-line payment using your credit card.
You can take a look at your Binance e-wallet (referred to as the «Spot Wallet») when the banking procedure has been finished and you’ll find your recently bought Bitcoin Classic (BGH) already credited
Purchase Bitcoin Classic (BGH) with Binance P2P
That means «Person To Person», i.e.: trading Bitcoin Classic (BGH)
with another Binance trader. In that case, you should indicate which payment method you wish to apply first.
Next, you’ll be presented a snapshot of the operation about to be completed. That includes the sum you are paying, the selected currency and the amount of Bitcoin Classic (BGH) bought.
Indeed, Binance will charge you a small amount as a commission for supporting the purchase, and it will appear in that quick view as well.
You have 1 minute to press "Confirm", otherwise the order will be automatically shut down.
The following step must be carried out on the credit card bank system. Follow the guidelines in the same way you would pay with your credit card.
Once the banking process has been finished, you’ll get your recently purchased Bitcoin Classic (BGH) in your Binance e-wallet (referred to as the «Spot Wallet»)
See how easy is how to buy Bitcoin Classic (BGH) with Binance P2P
That is a transaction made «Person To Person», i.e.: exchanging Bitcoin Classic (BGH)
with another Binance trader. You should indicate the payment method you would want to apply first.
- Go to the "Security" section of your account.
- In the list on the left-hand side click on "Payment".
- After Clicking on "Add a Payment Method" the Binance platform will guide you through the rest of the process.
After you have added the new payment method to your account, move to the "Buy Crypto" menu (top bar of the navigator), find the "Trading P2P" button, and follow the directions below:
- Locate the "Buy" button on the top bar of the "P2P Account" menu and click it
- Here you can pick the Bitcoin Classic (BGH) 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 purchase one of these cryptocurrencies in P2P trading, you’ll be able to exchange it for any of the foreign currencies that operate on the Binance platform.
- It is time to select the local currency you want to use, for instance, «VES». Simply, see the drop-down menu under the "Fiat" column.
- You need to indicate the amount in VES you’re going to use in the "Amount" box.
- Define the payment method and wait for the system to display the register of the traders that are currently offering Bitcoin Classic (BGH).
- From the list displayed list, you may pick any of the sellers. Although it is advisable to select a verified one and better if a good percentage of completed sales is displayed.
- Now select "Buy USDT"
- Enter the amount in VES you would want to invest
- Again, click on "Buy USDT"
- Now an order has been opened and the seller and you will be in touch. Pay, press "Transferred, Next", then press "Confirm". Note that there’s a time limit for you to pay.
The right way to transfer your Bitcoin Classic (BGH) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as money reception validation has been done.
The default place where Bitcoin Classic (BGH) are transferred to is your Binance wallet.
Take into account that your Bitcoin Classic (BGH) must be in your Spot Wallet in case you want to purchase others, so you need to transfer them there before.
That’s quite simple: just press "Transfer to Spot Wallet" right after the purchase order is completed.
This Bitcoin Classic (BGH) internal movement can be done anytime later.
Ways to transfer your Bitcoin Classic (BGH) to the Spot Wallet
When you have completed a payment to the trader, they may release the Bitcoin Classic (BGH), by confirming invoice of the payment.
So, they will quickly be deposited into your wallet.
Note that you will need to transfer them to your Spot Wallet in case you want to buy any other cryptocurrency.
That’s quite simple: just click on "Transfer to Spot Wallet" immediately after the buying order has been completed.
This Bitcoin Classic (BGH) internal movement can be performed whenever you need.
- Select "Wallet Funds" from the "Wallet" drop-down list.
- Next click on the "Transfer" option at the top right.
- A new window will pop-up, where you must set the options to:
- From: Funds
- To: Fiat and Spot
- Select the currency corresponding to your funds in the platform, in this example we’ll use «USDT»
- Enter the cryptos you are sending to the spot walet and click "Confirm".
With these funds already in your Spot Wallet, nothing keeps you from trading any crypto you believe could yield the highest profit.
Purchase any crypto from the Binance platform just following the instructions detailed below:
- Select the "Trading" menu in the top panel.
- From that list choose the "Convert" option.
- Input the amount of «USDT» you would like to spend.
- Choose the crypto you intend to purchase.
- Press "Preview conversion".
- Validate the operation and that’s it. You will have the funds of the selected crypto in your Spot Wallet.
With these money already in your Spot Wallet, don’t fear to trade any cryptocurrency you consider could yield the highest profit.
Note how simple is to buy any cryptocurrency from the Binance platform:
- Pick the "Trading" menu in the top top panel.
- Click on "Convert" from the list.
- Type the sum of «USDT» you would like to spend.
- Select the cryptocurrency you wish to purchase.
- Press "Preview conversion".
- Confirm the operation and that’s all. You will have the funds of the chosen cryptocurrency in your Spot Wallet.
This post have surely pictured you a wide overview of what Binance is and how you can trade Bitcoin Classic (BGH) on it.
So, no time to waste, make a fruitful business within this cryptocurrency platform.