Purchasing Bitcoin Red (BTCRED) on Binance
No doubt one of the most innovative trading platforms in the world today is Binance.
However, if you need to start operating on it, the first thing you need to do is to learn how to get Bitcoin Red (BTCRED).
That’s why in this post we’ll give you all what you need to know to buy Bitcoin Red (BTCRED) on the Binance cryptocurrency exchange.
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Learn how to register on Binance
Subscribing to the Binance platform is the initial step you need to do.
Hassle-free registration: just follow the detailed guidelines listed below.
On the Binance homepage you have to locate the "Register" button and press it.
Go directly to Binance by clicking here.
Once on the Binance platform press the "Register with a phone or email" button.
iOS tablets or mobile phones can be used to do this as well.
In this post you’ll will see the subscription process using an email address.
- In the window that will be shown, pick your country of residence from the drop-down list.
- The next step is choosing a safety password. This is quite relevant since it’s all about your money’s safety, so you must to create a robust one
- Indicate whether you wish Binance to send information and news direct to your e-mail. Accept the "Terms of Service" and click on "Create 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 an activation keycode you’ll have to will enter in the corresponding box. Then press "Send"
You’re now a Binance user!.
Take a time to get acquainted to the different areas of the Binance platform by navigating through them.
You’ll realize how simple is to start trading Bitcoin Red (BTCRED).
To get access to these options, the first thing you need to do is complete the identity verification.
Warning: No Bitcoin Red (BTCRED) trading will be permitted if you omit this safety step.
No big deal, though. See the next paragraphs to complete that step.
How to complete the verification of your Binance account and start trading
These are the guidelines to verify your Binance subscription and get the permission to begin trading:
Pick "Security" from the drop-down list under the user profile area
Another option is to go to the top of the navigator window and click on the "Verify" button
Look for the option "Identification" on the left side of the navigator window.
Now you must pick your country of residence.
Now, the three verification levels:
- The one you already have.
- The Verified.
- The Verified Plus.
will be shown on your navigator window.
Begin by choosing "Start now" located below the "Verified" level.
A pop-up window will be displayed, and there you’re going to provide your personal data: Nationality, first name and last name, second name and date of birth. Besides, make sure you type the exact address of your residence
Next, you’ll need to show a legal document to check your identity.
You can do this by using your ID card, passport, or driver’s license.
Follow the system guidelines to take a selfie.
Now you’ll have to wait for a short period while an account confirmation process is performed.
Once your profile has been approved, you’ll be informed via email, just be patient.
Upon receiving that email it’s time to purchase Bitcoin Red (BTCRED), to do so follow the guidelines below.
Buying Bitcoin Red (BTCRED) on Binance
Starting your Bitcoin Red (BTCRED) trading career has never been so easy, right?.
Learning how to buy a Bitcoin Red (BTCRED) is not so difficult.
The next step is to corroborate your identity with a legal document.
passport, ID card or even a driver’s license will be enough to fulfill this requirement.
Now, you will have to take a selfie, following the application’s guidelines.
After you have fulfilled the system’s guidelines, you will have to wait a moment while your account is verified.
All you have to do is be patient, Binance is going to let you know via e-mail once your profile has been approved.
After that, it’s time to buy Bitcoin Red (BTCRED), to do so see the instructions below.
Purchasing Bitcoin Red (BTCRED) on Binance
Now that you have subscribed to the Binance platform and got your account verified, you can begin trading.
Understanding how to convert cash into Bitcoin Red (BTCRED) is actually quite easy.
Some steps might have alternative paths
To find out which alternatives are available to you when making a purchase, look for the "Buy cryptos" menu on the Binance main page.
You need to, of course, make this happen after you’ve signed into your account
Hovering your mouse pointer over this option will show a list of alternatives for making the purchase.
It is time to sustain your identity using a legal document.
You can do this by using your ID card, passport, or driver’s license.
In the next step, you will be asked to take a selfie, according to the application’s instructions.
Once those requisites have been completed, the Binance system will execute a verification process on your account.
All you need to do is wait patiently, Binance will send you an e-mail when your profile has been approved.
Congratulations! Once you’ve received the confirmation you’re officially authorized to buy Bitcoin Red (BTCRED). The following guidelines will be helpful.
Learn to purchase Bitcoin Red (BTCRED) on Binance
Now that you are subscribed to the platform and got your account validated, you can begin trading.
First you need to learn how to convert money into Bitcoin Red (BTCRED).
Some processes may have optional paths
The "Buy cryptos" menu on the Binance homepage will be your reference at buying time.
Needless to say you must log into your account to be able to do this
See all the different buying options just by placing your mouse over this button.
Did you know you could use your debit or credit card for buying Bitcoin Red?
What you must do to purchase the Bitcoin Red (BTCRED) of your choice using a credit card, should be to choose this option from the "Buy Cryptos" drop-down list.
Continue reading for further directions:
In the next box, select the currency you wish to use and indicate the amount you want to invest.
Next, select the Bitcoin Red (BTCRED) you’re going to get
Considering the amount of USD you have previously invested, the system will immediately display the quantity of Bitcoin Red (BTCRED) you are going to receive.
Read on for further instructions:
Now you should choose the currency you wish to use and enter how much you want to invest.
Next, select the Bitcoin Red (BTCRED) you are going to purchase
The number of Bitcoin Red (BTCRED) you are going to get will depend upon the amount of USD you have recently specified. The Binance platform will immediately show it to you.
Click "Continue".
To use your CC as a payment method, go to the "Visa/Mastercard" field and press the "Add card" option.
Indicate your CC data and press "Next".
Now state the physical address details of the card. After this, select "Add card".
With this step, your card will be added to the valid methods of payment in your account. Click "Continue".
Next, all the important details of the transaction will be displayed: the amount you’ll pay and the corresponding currency, and obviously, the cryptos you are going to get.
Another detail of relevance in this overview is the sum you’ll be charged as a commision for making the operation.
Within the next 60 seconds click on "Confirm", there after the order will be automatically shut down.
The following step has to be carried out on the credit card bank webpage. Proceed just as you usually do when making a standard online credit card payment.
You may take a look at your Binance digital wallet (called the «Spot Wallet») once the banking process has been finished to see your recently purchased Bitcoin Red (BTCRED) already credited
Know how to purchase Bitcoin Red (BTCRED) via Binance P2P
That means «Person To Person», i.e.: exchanging Bitcoin Red (BTCRED)
with another Binance trader. To get this done, the first step is to specify which payment method you would want to make use of.
The platform will now show you the details of the purchase order you are about to complete. The amount your card will be charged in the currency you have picked, and the Bitcoin Red (BTCRED) you will get.
It will also show you the commission you must pay for the transaction.
Now you must validate the order pressing the "Confirm" button during the next 60 seconds, or it will be automatically canceled.
The following step has to be done on the credit card banking webpage. Then you should complete a standard online payment using your credit card.
Your recently bought Bitcoin Red (BTCRED) will be available in your Binance e-wallet (referred to as the «Spot Wallet») when the banking procedure has been done
See how easy is how to buy Bitcoin Red (BTCRED) through Binance P2P
That means «Person To Person», i.e.: trading Bitcoin Red (BTCRED)
with another Binance trader. To achieve this, the first step is to indicate which payment method you want to work with.
- Go to the "Security" section of your account.
- Press "Payment" from the menu on the left.
- Press the "Add a Payment Method" button and follow the system instructions.
After the new method of payment has been configured in your profile, look for the "Buy Crypto" menu in the upper bar of the navigator, press on the "Trading P2P" option and follow the directions described below:
- Locate the "Buy" option on the upper bar of the "P2P Account" tab and click it
- In this bar you’ll see the list of Bitcoin Red (BTCRED) available for purchase via P2P trading. Choose the one you would like to buy, in our case we will use «USDT» as an example.Any Bitcoin Red (BTCRED) purchased through P2P trading could be exchanged by any of the foreign currencies approved by Binance.
- Now you should select the currency you want to use, for example, «VES». To do this, see the drop-down menu under the "Fiat" label.
- You must enter the amount in VES you’d like to use in the "Amount" box.
- Indicate the payment method and wait for the system to display all the dealers that are currently offering Bitcoin Red (BTCRED).
- Select a seller from the displayed list. We suggest that you choose a verified one with a high percentage of sales completed.
- Press "Buy USDT"
- Now the amount you would like to invest in VES must be entered
- Select "Buy USDT" again
- Now an order has been opened and the trader and you will be in touch. Pay, press "Transferred, Next" and then press "Confirm". Notice that there’s a time limit for you to make the payment.
How to transfer your Bitcoin Red (BTCRED) to the Spot Wallet
After you have completed a payment to the seller, they will be able to release the Bitcoin Red (BTCRED), just by confirming invoice of the payment.
This way, they will immediately be added to your account balance.
Nonetheless, you must transfer them to your Spot Wallet in order for you to get another crypto.
To achieve this, all you have to do is click on "Transfer to Spot Wallet" once the purchase order has been completed.
In the event you didn’t follow this step, don’t get worried, you can move the cryptos later.
How you can transfer your Bitcoin Red (BTCRED) to the Spot Wallet
The trader, upon confirming money reception, will immediately release the Bitcoin Red (BTCRED).
The default place where Bitcoin Red (BTCRED) are transferred to is your Binance wallet.
Although, in order for you to purchase any other Bitcoin Red (BTCRED), you will have to transfer them to your Spot Wallet.
To get this done, you only need to press "Transfer to Spot Wallet" immediately after the buying order is completed.
If you forget to do this right after buying the cryptos, no problem at all: you’ll be able to do it at any moment.
- Place the mouse pointer upon "Wallet" and select "Wallet Funds" from the drop-down menu.
- Now click on the "Transfer" button on the upper right area of the navigator window.
- In the pop-up window, swap the «From» and «To» options so that it looks like this:
- From: «Funds»
- To: «Fiat and Spot»
- Select the currency in which you have money, in the example here we use «USDT»
- Enter the cryptos you are moving for the Exchange and press "Confirm".
All right! Now you have funds available to buy any of the several Bitcoin Red (BTCRED) in the Binance platform.
Discover how simple is to purchase any cryptocurrency from Binance:
- Select the "Trading" menu in the upper section.
- Choose "Convert" from the list.
- Fill in the box the sum of «USDT» you would like to spend.
- Now select the crypto you’re interested in.
- Press "Preview conversion".
- Confirm the transaction and that’s it. You now will have the amount of the chosen crypto in your Spot Wallet.
Perfect! Now you have funds available to trade any of the numerous Bitcoin Red (BTCRED) in the Binance platform.
Buy any cryptocurrency from Binance just following the instructions detailed below:
- Look for the "Trading" menu in the top top section.
- From the listing select the "Convert" alternative.
- Type the sum of «USDT» you wish to invest.
- Choose the crypto you intend to purchase.
- Choose "Preview conversion".
- Confirm the operation and that’s all. You will have the amount of the selected crypto in your Spot Wallet.
You’ve already seen how easy is to start doing business with Bitcoin Red (BTCRED) on Binance.
Cryptos are the future, and Binance is a safe and practical environment to do business. Start right now!