How to buy BitcoinX (BCX) on Binance
There is no doubt one of the world’s leading trading platforms nowadays is Binance.
So, if you need to start out operating on it, the first thing you have to do is to understand how to get BitcoinX (BCX).
The object of this post is to teach you about how to buy BitcoinX (BCX) on the Binance BitcoinX (BCX) exchange.
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Figure out how to register on Binance
Opening a Binance account is the initial step you must do.
Quick and easy registration: just follow the guidelines below.
Search for the "Register" option in the Binance main page and press on it to start the registration process.
You have the direct link here.
Once on the Binance platform press the "Register with a phone or email" button.
You can also do this using your iOS mobile.
In this post you’ll will see the subscription technique using an email address.
- First, select the country from the drop-down list according to the one you reside.
- Now the extremely important step: password. Select an alphanumeric word difficult enough not to be easily deducted. Don’t use your name, birth date or things like that. Be well aware that it’s your cash what will have to be protected by that word
- Now you must accept "Terms of Service" and, if you wish to get information, news and updates from Binance in your e-mail address, check in the corresponding box
Binance will immediately send an activation password (NB: this is NOT the password you’ve created) that you’ll write it in the corresponding box, then click on "Send"
Finally, your Binance account is active.
Take a time to become familiar with the different options of the Binance platform by browsing them.
This way you canit is possible to begin operating with BitcoinX (BCX) without any trouble.
The ID verification is a required step you need to fulfill to gain access to all these options.
Important: No BitcoinX (BCX) operation will be permitted if you overlook this protection measure.
In the next instructions, you’ll learn how to do that. Zero problems.
Verify your Binance account to start out trading
Read the next instructions and become an authorized subscriber:
Select "Security" from the drop-down list under the user profile button
Another option is to move to the top of the screen and click on the "Verify" button
Select "Identification" on the left list of options.
Select the Country of Residence.
It will display you 3 levels of verification: the current one, the Verified, and the Verified Plus.
To begin, you should choose "Verified", pressing the "Start now" button below that label.
In this step, some personal data is required:
- Nationality.
- First Name and Surname.
- Second name and birth date.
- Residence address (exact).
- Second name and birth date.
- Middle name and date of birth.
At this point, the Binance platform will ask you to show a legal document for identity checking.
You can do this by using your ID card, passport, or driver’s license.
Now, you will have to take a selfie, following the application’s guidelines.
Now you’ll have to wait for a short period while an account confirmation process takes place.
Now you have to wait until your request has been approved. Be patient, the platform is going to let you know via email.
Congrats! Once you’ve got the confirmation you’re officially authorized to operate with BitcoinX (BCX). See the guidelines that follow.
Learn to purchase BitcoinX (BCX) on Binance
So, account confirmed was all you needed to begin buying BitcoinX (BCX) immediately.
In this section you’ll see how simple is to buy a BitcoinX (BCX).
Here, the Binance platform will ask you to use a legal document for identity verification.
ID card, passport or even a driver’s license are all valid documents to complete this condition.
Follow the system guidance to take a selfie.
After fulfilling all those steps, the Binance platform will carry out a confirmation process on your account.
Now you have to wait until your application has been approved. Be patient, the platform will let you know via e-mail.
After that, it’s time to get BitcoinX (BCX), to do so see the instructions below.
Buying BitcoinX (BCX) on Binance
OK, account confirmed was all you needed to begin buying BitcoinX (BCX) right now.
Learning how to convert cash into BitcoinX (BCX) is actually quite easy.
Some steps would probably have alternative paths
The "Buy cryptos" menu on the Binance homepage will be your reference when making a purchase.
Obviously, you’ll only be able to do this if you’re logged in
Find all the different purchase options just by placing your mouse over this button.
The next step is to support your identity with a legal document.
Use your ID card, passport or even your license to complete this step.
Now the system will require you to take a selfie following certain instructions.
Once you have completed the platform’s instructions, you’ll have to wait a while for the confirmation to be performed on your account.
When your application has been accepted, the platform is going to send you an e-mail, just be patient.
The following instructions will guide you through the BitcoinX (BCX) purchasing process. As soon as you’ve got the confirmation e-mail, you have become a Binance authorized BitcoinX (BCX) trader.
Buying BitcoinX (BCX) on Binance
All right, account approved means you can begin buying BitcoinX (BCX) right now.
The first step is to know how to make a purchase of BitcoinX (BCX).
Some steps may have optional paths
To find out which alternatives are available to you when buying, look for the "Buy cryptos" menu on the Binance main page.
Needless to say you must sign in to your account to do this
Place your mouse over this button and a list of buying alternatives will be shown.
Did you know you could use your debit or credit card for buying BCX?
Go to the "Buy Cryptos" and pick the credit card-related option from the menu.
Read on for detailed guidelines:
Currency preferred and amount of the investment must be specified here.
In the second field you should choose the BitcoinX (BCX) you intend to get
When you do so, the system will automatically show you the number of BitcoinX (BCX) you will be given, taking into account the amount of USD you have recently indicated.
The following directions will be helpful to continue the process:
Now you must pick the currency you wish to buy with and type how much you want to invest.
Next, choose the BitcoinX (BCX) you are going to purchase
The quantity of BitcoinX (BCX) you will be given will depend upon the amount of USD you have recently specified. The Binance system will immediately show it to you.
Click "Continue".
To include your Visa/MC credit card as a payment method, pick in the "Visa/Mastercard" box the button "Add card".
Type your card data and press "Next".
The following field is intended to indicate the address the credit card is associated to. Type it exactly as it is, then select "Add card".
With this step, your card will be added to the payment methods in your account. Press "Continue".
The system will now show you the details of the buying order you are creating. The amount your card will be charged with the currency you’ve selected, and the BitcoinX (BCX) you will receive.
In fact, Binance will claim a small amount as a commission for supporting the transaction, and it will be shown in that snapshot as well.
Within the next 60 seconds press "Confirm", after that time the order will expire automatically.
The next step needs to be done on the credit card bank platform. Follow the steps in the same way you would generate a payment with your card.
Your recently bought BitcoinX (BCX) will be available in your Binance digital wallet (called the «Spot Wallet») as soon as the banking process is complete
Buy BitcoinX (BCX) through Binance P2P
A different way to get crypto is to trade it
with another subscriber. To accomplish this, the first step is to indicate which payment method you would want to work with.
Next, all the important details of the transaction will be presented: the amount you’ll pay and the corresponding currency, and obviously, the cryptos you will get.
It will also show you the commission you should pay for the transaction.
Now you must acknowledge the order clicking on the "Confirm" button within the next minute, or it will be automatically canceled.
The Binance system will now send you to the bank issuing the credit card. Follow the instructions in the same way you would normally generate a payment with your credit card.
You may check your Binance e-wallet (referred to as the «Spot Wallet») when the banking process has been done and you’ll find your recently purchased BitcoinX (BCX) already there
Purchase BitcoinX (BCX) via Binance P2P
This means «Person To Person», i.e.: exchanging BitcoinX (BCX)
with another Binance subscriber. You should state the payment method you would want to make use of first.
- Login to the "Security" section of your profile.
- Choose "Payment" from the menu on the left.
- After choosing "Add a Payment Method" the system will guide you through the rest of the procedure.
After you have added the new method of payment to your account, go to the "Buy Crypto" menu (top part of the screen), select the "Trading P2P" button, and follow the guidelines below:
- On the upper bar of the "P2P Account" tab, pick "Buy"
- In this bar you will find all the BitcoinX (BCX) available for buying via P2P trading. Pick the one you would like to buy, for this exercise we present «USDT» as an example.It is important to note that once you buy any crypto via P2P trading, you will be able to exchange it for any of the foreign currencies valid in the Binance platform.
- Select the currency you want to use from the drop-down list under the "Fiat" column, for instance, «VES».
- Use the "Amount" box to type the sum in VES you’d like to spend to buy BitcoinX (BCX).
- You will be able to see a list of traders offering cryptos a little while after you indicate the method of payment.
- Locate a seller from the list shown. We recommend that you pick one that is verified and has a high percentage of sales completed.
- Now press "Buy USDT"
- Type the amount in VES you would like to pay
- Click on "Buy USDT" again
- Now an order has been generated and the trader and you will be in touch. Complete the payment, click on "Transferred, Next" and then press "Confirm". Notice that there’s a limited time for you to pay.
How to transfer your BitcoinX (BCX) to the Spot Wallet
Once you have made a payment to the seller, they are going to release the BitcoinX (BCX), just by confirming payment reception.
The default place where BitcoinX (BCX) are transferred to is your Binance wallet.
However, in order for you to buy another BitcoinX (BCX), you will have to move them to your Spot Wallet.
You can move them immediately right after the purchase order is completed just by clicking "Transfer to Spot Wallet".
Should you forget to do this right after buying the cryptos, there’s nothing to worry about: you’ll always be able to do it later.
Ways to transfer your BitcoinX (BCX) to the Spot Wallet
Once you have completed a payment to the seller, they are going to release the BitcoinX (BCX), just by confirming payment reception.
You may see your wallet account balance to confirm reception.
Take into account that your BitcoinX (BCX) must be in your Spot Wallet in case you want to get others, so you will have to transfer them there before.
To achieve this, all you have to do is press "Transfer to Spot Wallet" immediately after the buying order has been completed.
This BitcoinX (BCX) internal movement can be performed anytime later.
- Select "Wallet Funds" from the "Wallet" drop-down list.
- See the "Transfer" option on the upper right area of the navigator window and press it.
- Set the «From» and «To» options on the pop-up window to:
- From: «Funds»
- To: «Fiat and Spot»
- For this post, we use «USDT» as an example, but you’ll obviously indicate the currency you have
- Enter the amount you are moving to the spot walet and press "Confirm".
All right! Now you have funds available to trade any of the huge selection of BitcoinX (BCX) in the Binance platform.
Purchase any cryptocurrency from Binance just following the instructions detailed below:
- In the upper section, loate the "Trading" option.
- Press "Convert" from the list.
- Fill in the box the amount of «USDT» you wish to spend.
- Choose the cryptocurrency you would like to purchase.
- Choose "Preview conversion".
- Validate the operation and that’s all. You will have the amount of the chosen crypto in your Spot Wallet.
Perfect! Now you have money available to purchase any of the numerous BitcoinX (BCX) in the Binance platform.
Buy any cryptocurrency from the Binance platform just following the instructions described next:
- Find the "Trading" option in the upper panel.
- Choose "Convert" from the list.
- Enter the sum of «USDT» you want to spend.
- Select the cryptocurrency you intend to purchase.
- Choose "Preview conversion".
- Confirm the transaction and that’s it. Now you will have the amount of the chosen cryptocurrency in your Spot Wallet.
This text surely pictured you a detailed overview of what Binance is and how you can do business with BitcoinX (BCX) on it.
Cryptos have come to stay, and Binance is a safe and practical environment to do business. Start right now!