Buying BITCOLOJIX (BTCIX) on the Binance platform
You can find several trading platforms on the Internet nowadays, but without a doubt Binance is one of the most popular and innovative.
However, if you need to start out operating on it, the first thing you must do is to understand how to buy BITCOLOJIX (BTCIX).
Prior to stepping into the wonderful realm of crypto on the Binance platform, you should know the following.
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Learn how to register on Binance
To be capable of buying BITCOLOJIX (BTCIX) on Binance, the initial step you have to know is definitely how to open your account.
To do so, you will need to follow each one of the steps below.
Search for the "Register" option in the Binance homepage and press on it to start the registration process.
You can log in directly by clicking here.
In the Binance main page you’ll see a button with the label "Register with a phone or email". Click on it.
Apple devices can be used to do this as well.
For the purpose of this article, the email address subscription technique will be shown.
- In the window that will be shown, select your country of residence from the drop down list.
- Now, type your e-mail address and a security password. Keep in mind that you are going to trade money, you ought to give relevance to the password you choose
- Now you must accept "Terms of Service" and, if you wish to get information, news and updates from Binance in your email address, click in the corresponding box
See the inbox in the e-mail address you utilized for enrollment and look for the activation code for your account. Enter it in the corresponding line and click on "Send"
That’s all! You are now signed up with Binance.
It would be a nice idea to browse the different options of the Binance platform and become familiar with them.
You’ll realize how easy is to start trading BITCOLOJIX (BTCIX).
The identity checking is a required step you must complete to gain access to all these options.
Please, note that it will be only after you have fulfilled this security step that you’ll be able to start trading BITCOLOJIX (BTCIX).
In the next paragraphs, you’ll be guided about how to do it. Hassle-free.
Verify your account to start out trading
The following are the steps to verify your Binance subscription and get authorized to begin trading:
On the main screen, place the mouse pointer on the user profile button and a list will immediately show up where you will have to press "Security"
Or just look for the "Verify" button on the top of the navigator window
In the list displayed on the left-hand area of the screen, select the "Identification" option.
Here you must select your country of residence.
Here you’ll will immediately see 3 levels of verification:
- The one you already have.
- The Verified.
- The Verified Plus.
Press the "Start now" button under the "Verified" label, for this will be your beginning level.
At this point, the user is required to provide certain personal data:
- Nationality.
- First Name and Surname.
- Second name and birth date.
- Residence address (exact).
- Second name and date of birth.
- Second name and birth date.
The next step is to check your identity with a legal document.
ID card, passport or even a driver’s license are all valid documents to complete this requirement.
In the next step, you will be asked to take a selfie, following the application’s guidance.
Now you will have to wait for a short period while an account confirmation process is performed.
Now you have to wait until your profile has been approved. Be patient, the system is going to send you an e-mail.
Congratulations! Now you’re officially enabled to operate with BITCOLOJIX (BTCIX). The following guidelines will be helpful.
Learn to buy BITCOLOJIX (BTCIX) on Binance
Now that you have registered on the platform and have your account verified, you can begin trading.
In this segment you’ll see how simple is to invest your money in BITCOLOJIX (BTCIX).
Here, the Binance platform will require you to use a legal document for identity verification.
Use your passport, ID card or even your driver’s license to complete this step.
Follow the system instructions to take a selfie.
After completing all those steps, the Binance platform will execute a verification process on your account.
So, wait patiently, Binance will send you an e-mail when your request has been approved.
The following instructions will guide you through the BITCOLOJIX (BTCIX) trading process. As soon as you’ve received the confirmation e-mail, you’ve become a Binance licensed BITCOLOJIX (BTCIX) trader.
Learn to purchase BITCOLOJIX (BTCIX) on Binance
Now that you are subscribed to the Binance platform and have your account validated, you’re OK to start trading.
Understanding how to buy a BITCOLOJIX (BTCIX) 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.
You need to, of course, make this happen once you are signed into your account
Unveil all the different buying options just by placing your mouse over this button.
At this point, the Binance platform will ask you to use a legal document for identity verification.
ID card, passport or even a driver’s license will be enough to complete this requirement.
Follow the system instructions to take a selfie.
The final step is on Binance’s side: a verification process that will take only a short time.
Now you have to wait until your application has been approved. Be patient, Binance is going to let you know via e-mail.
Congrats! Once you’ve got the confirmation you’re officially licensed to trade BITCOLOJIX (BTCIX). See the guidelines that follow.
Purchasing BITCOLOJIX (BTCIX) on Binance
OK, account verified was all you needed to begin buying BITCOLOJIX (BTCIX) right now.
In this section you’ll discover how easy is to invest your money in BITCOLOJIX (BTCIX).
Some processes would probably have optional paths
The "Buy cryptos" menu on the Binance homepage will be your reference at buying time.
Obviously, you’ll only be able to do this after you’ve logged in
Find all the different purchase options just by hovering your mouse over this button.
Did you know you can use your debit or credit card to buy cryptocurrencies?
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
Next, just observe the following directions:
Currency preferred and amount of the investment must be defined in the next box.
The the BITCOLOJIX (BTCIX) you would like to get must be indicated in the second field
Once you do so, the platform will immediately display the number of BITCOLOJIX (BTCIX) you’ll be given, taking into account the amount of USD you’ve previously defined.
After that, just observe the following instructions:
Currency to be used and how much you’ll invest should be defined here.
In the next field you must select the BITCOLOJIX (BTCIX) you intend to buy
The number of BITCOLOJIX (BTCIX) you are going to be given will depend upon the amount of USD you’ve previously indicated. The Binance system will automatically display it.
Click on "Continue".
To include your Visa/MC credit card as a payment method, go to the "Visa/Mastercard" field and press the "Add card" option.
Then the platform will ask you to indicate your CC numbers.
Your credit card’s address should be specified next. Be very careful, since you must type it exactly as it is, otherwise your card could not be approved. Then choose "Add card".
Press "Continue" after you notice your card has been successfully included in your account as a new method of payment.
Next, all the important details of the transaction will be displayed: the sum you will pay and the corresponding currency, and obviously, the cryptos you will get.
Indeed, Binance will charge you a small amount as a commission for supporting the transaction, and it will appear in that summary also.
Now you must acknowledge the order pressing the "Confirm" button within the following 60 seconds, or it will be automatically aborted.
Next, you will be redirected towards the banking platform the credit card has been issued by. Follow the directions in the same way you would make a payment with your credit card.
Your recently purchased BITCOLOJIX (BTCIX) will be available in your Binance e-wallet (called the «Spot Wallet») when the banking process has been done
Purchase BITCOLOJIX (BTCIX) via Binance P2P
You can get BITCOLOJIX (BTCIX) not only via a direct purchase, but trading them «Person To Person»
with another Binance user as well. To do this, the first step is to indicate the payment method you would want to work with.
Next, all the important details of the operation will be displayed: the amount to be charged on your credit card and the corresponding currency, and obviously, the cryptos you are going to receive.
It will also show you the commission will be charged for the transaction.
In less than 1 minute press "Confirm", there after the order will expire automatically.
The system will now reroute you to the credit card issuing bank. Proceed just as you do when making a standard on-line credit card payment.
When the banking procedure has been done, you will have your purchased BITCOLOJIX (BTCIX) in your Binance e-wallet (called the «Spot Wallet»)
Know how to buy BITCOLOJIX (BTCIX) through Binance P2P
You can buy BITCOLOJIX (BTCIX) not only by means of a direct purchase, but exchanging them «Person To Person»
with another Binance trader as well. Method of payment is the first parameter you should define.
- Go to your account and click on "Security".
- From the menu on the left-hand side click on "Payment".
- Select "Add a Payment Method" and the Binance system will guide you through the rest of the process.
When the new method of payment has been added to your profile, look for the "Buy Crypto" menu on the upper part of the display, click the "Trading P2P" option and follow the directions described below:
- Look for the "Buy" option on the upper bar of the "P2P Account" tab and click it
- Here you can pick the BITCOLOJIX (BTCIX) you want, among all those available for buying via P2P trading. We present «USDT» for this example.It is important to note that when 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.
- Select the currency you want to pay with from the drop-down menu under the "Fiat" label, for example, «VES».
- In the "Amount" box, input the amount in VES you intend to buy with.
- You will be able to see a register of dealers’ offers as soon as you have selected the method of payment.
- Any of the sellers displayed in the list can be selected, but it is recommendable to select a verified one (with the blue diamond mark), and even better, a high-volume seller (gold star marking).
- Select "Buy USDT"
- Write the amount in VES you would want to pay
- Again, select "Buy USDT"
- A purchase order has been generated and the trader and you will be able to contact each other for further details, if needed. You have a limited time to pay, otherwise the order will be terminated by the platform (something bad for your rating as a buyer). Once you paid, press "Transferred, Next" and then press "Confirm".
Tips on how to transfer your BITCOLOJIX (BTCIX) to the Spot Wallet
The trader, upon receiving your payment, will immediately release the BITCOLOJIX (BTCIX).
So, they will automatically be deposited into your wallet.
Note that you need to transfer them to your Spot Wallet in case you want to purchase any other crypto.
That’s easy: just press "Transfer to Spot Wallet" once the buying order is completed.
If you forget to follow this step right after buying the cryptos, no problem at all: you’ll always be able to do it at any moment.
Ways to transfer your BITCOLOJIX (BTCIX) to the Spot Wallet
The seller, upon receiving your payment, will instantly release the BITCOLOJIX (BTCIX).
You may see your wallet Binance balance to confirm reception.
However, in case you want to buy any other BITCOLOJIX (BTCIX), you will have to send them to your Spot Wallet.
You can move them immediately once the buying order has been completed just by clicking "Transfer to Spot Wallet".
In the event you didn’t follow this step, don’t worry, you can move the cryptos later.
- Hover the mouse over "Wallet" and select "Wallet Funds" from the drop-down list.
- The "Transfer" button is located on the upper right area of the screen. Click on it.
- Configure the «From» and «To» options on the pop-up window to:
- From: Funds
- To: Fiat and Spot
- For The purpose of this article, we will use «USDT» as an example, but you’ll obviously choose the currency you have
- Set the cryptos you are about to send to the spot walet and press "Confirm".
That’s all! Now you will have funds in the Spot Wallet and you will be able to purchase any of the several of BITCOLOJIX (BTCIX) that the Binance platform has.
Buy any crypto from Binance just following the instructions detailed next:
- Find the "Trading" menu in the upper section.
- Choose "Convert" from the list.
- Input the amount of «USDT» you wish to spend.
- Choose the cryptocurrency you would like to buy.
- Click on "Preview conversion".
- Validate the transaction and that’s it. You will have the funds of the chosen cryptocurrency in your Spot Wallet.
Perfect! Now you have funds available to trade any of the huge selection of BITCOLOJIX (BTCIX) in the Binance platform.
To buy BITCOLOJIX (BTCIX) from Binance what you just have to do is described below:
- Pick the "Trading" option in the top top panel.
- From the list choose the "Convert" alternative.
- Input the sum of «USDT» you wish to invest.
- Now select the crypto you’re about to buy.
- Click on "Preview conversion".
- Validate the operation and that’s it. You will have the funds of the selected crypto in your Spot Wallet.
You’ve already learned how simple is to start out trading BITCOLOJIX (BTCIX) on Binance.
The future of money trading relies on BITCOLOJIX (BTCIX)., and Binance is a secure and practical environment to do business. Start right now!