Learn how to buy BTCDOWN (BTCDOWN) on the Binance platform
No doubt one of the most reputed trading platforms in the world nowadays is Binance.
Therefore, the first thing you should to do if you’ would like to get started trading on it is to discover ways to buy BTCDOWN (BTCDOWN).
Keep on reading this post and you’ll find all the information you should have for buying crypto on Binance.
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Learn how to register on Binance
To be capable of buying BTCDOWN (BTCDOWN) on Binance, the very first thing you have to know indeed is how to register.
To do so, you should follow each one of the guidelines below.
Navigate to the Binance homepage and press on the "Register" button.
Go directly to Binance by clicking here.
Look for the "Register with a phone or email" button in the main page and click on it.
The Binance platform is totally compatible with iOS devices as well.
In this post, we’ll will explain how to suscribe using an email account.
- In the window you’ll immediately see, pick your country of residence from the drop down list.
- Following, write your email address and a keycode. Be well aware that you will trade your money, so you must give importance to the password you choose
- Choose if you wish Binance to send news and information direct to your email. Accept the "Terms of Service" and press "Create Account"
Binance will automatically send a one-time-only activation keycode (remember: this is NOT your password) that you’ll write it in the corresponding box, then press "Send"
Finally, your Binance account has been activated.
Now you may access the Binance platform and review all the options it has to offer.
You’ll immediately notice how simple is to start trading BTCDOWN (BTCDOWN).
To gain access to those options, you need to fulfill the identity checking.
Notice: No BTCDOWN (BTCDOWN) trading will be permitted if you overlook this safety step.
In the next section, you’ll learn how to do it. Hassle-free.
How to verify your account and get started on trading
To be an authorized Binance trader you have to follow the steps below:
On the main page, hover the mouse on the user profile button and a list will immediately drop down where you will click on "Security"
Another alternative is to go to the top of the navigator window and press the "Verify" button
Click "Identification" on the left options list.
Country of residence should be selected here.
Next, the 3 verification levels:
- The current one.
- The Verified.
- The Verified Plus.
will be shown on screen.
At this moment, you should select "Verified", pressing the "Start now" option below it.
Then a pop-up window will be shown and there you will need to provide the following information:
- Nationality.
- First Name and Last name.
- Middle name and date of birth.
- Residence address (exact).
Here, the Binance platform will ask you to present a legal document for identity checking.
Use your ID card, passport or even your driver’s license to complete this step.
Now the system will require you to take a selfie following certain guidelines.
Now you will have to wait for a short period while an account verification process is performed.
As soon as your application has been accepted, the system is going to send you an e-mail, just be patient.
The following instructions will guide you through the BTCDOWN (BTCDOWN) buying process. As soon as you’ve got the confirmation e-mail, you’re a Binance authorized BTCDOWN (BTCDOWN) trader.
Learn to purchase BTCDOWN (BTCDOWN) on Binance
Beginning your BTCDOWN (BTCDOWN) trading experience has never been so simple, right?.
Understanding how to convert cash into BTCDOWN (BTCDOWN) is actually quite easy.
It is time to sustain your identity using a legal document.
ID card, passport or even a license are all valid documents to complete this formality.
Now the system will ask you to take a selfie following certain guidelines.
The last step is on Binance’s side: a verification process that will just take a while.
Once your request has been accepted, you will be notified via email, just be patient.
Congratulations! As soon as you’ve got the confirmation you’re officially authorized to buy BTCDOWN (BTCDOWN). The following instructions will be helpful.
Purchasing BTCDOWN (BTCDOWN) on Binance
All right, account validated was all you needed to begin purchasing BTCDOWN (BTCDOWN) right now.
First you need to understand how to invest your money in BTCDOWN (BTCDOWN).
Some processes might have optional paths
To know which alternatives can be found when making a purchase, browse through the "Buy cryptos" menu on the Binance main page.
You must, of course, try this after you’ve logged into your account
Hovering your mouse pointer over this key will show a list of alternatives to make the purchase.
Here, the Binance platform will ask you to show a legal document for identity verification.
You can do this by using your passport, ID card, or driver’s license.
Follow the system guidelines to take a selfie.
The last step will be made by the Binance system: a certification process that will just take a while.
Now you have to wait until your request has been approved. Be patient, Binance will let you know via e-mail.
Congratulations! Now you’re officially authorized to buy BTCDOWN (BTCDOWN). See the guidelines that follow.
Purchasing BTCDOWN (BTCDOWN) on Binance
Beginning your BTCDOWN (BTCDOWN) trading adventure has never been so easy, right?.
In this segment you’ll learn how easy is to buy a BTCDOWN (BTCDOWN).
You may find more than one option throughout the process
The "Buy cryptos" menu on the Binance homepage should be your reference at buying time.
You must, of course, try this after you’ve signed into your account
Place your mouse over this option and a list of buying alternatives will deploy.
Buying BTCDOWN (BTCDOWN) with a credit/debit card
Choose the credit card-related option from the drop-down menu labeled "Buy Cryptos".
Next, just observe the following guidelines:
Now you should pick the currency you want to buy with and indicate how much you want to invest.
Next, choose the BTCDOWN (BTCDOWN) you’re going to buy
The number of BTCDOWN (BTCDOWN) you are going to be given will depend upon the amount of USD you’ve recently stated. The Binance platform will automatically show it to you.
After that, just carry out the following guidelines:
Currency preferred and amount of the investment must be defined here.
The the BTCDOWN (BTCDOWN) you would like to get must be indicated in the second field
Considering the amount of USD you’ve just indicated, the platform will automatically show you the number of BTCDOWN (BTCDOWN) you’ll receive.
Now select "Continue".
To add your CC as a payment method, go to the "Visa/Mastercard" field and press the "Add card" button.
Indicate your card numbers and click "Next".
In this step you must enter the address associated to the credit card. Enter it exactly as it is, then select "Add card".
With this, your card will be added to the valid methods of payment in your account. Click "Continue".
Next, all the important details of the operation will be displayed: the sum you’ll pay and the corresponding currency, and of course, the cryptos you will receive.
It will also state the commission you will need to pay for the transaction.
Now you have to accept the order clicking on the "Confirm" button within the next minute, or it will be automatically aborted.
The next step has to be carried out on the credit card bank platform. Proceed just as you do when making a normal online credit card payment.
Your recently bought BTCDOWN (BTCDOWN) will be available in your Binance digital wallet (referred to as the «Spot Wallet») once the banking procedure has been finished
Purchase BTCDOWN (BTCDOWN) via Binance P2P
You may buy BTCDOWN (BTCDOWN) not only via a direct purchase, but trading them «Person To Person»
with another Binance user as well. In that case, you should indicate which payment method you wish to make use of first.
Next, you’ll be presented a summary of the operation in its final stage. That includes the amount your card will be charged, the selected currency and the amount of BTCDOWN (BTCDOWN) bought.
Certainly, Binance will claim a small amount as a commission for supporting the purchase, and it will be shown in that snapshot also.
You have 1 minute to press "Confirm", otherwise the order will automatically expire.
The system will now send you to the bank issuing the credit card. Follow the guidelines in the same way you would normally pay with your card.
As soon as the banking procedure is complete, you’ll have your recently purchased BTCDOWN (BTCDOWN) in your Binance digital wallet (called the «Spot Wallet»)
See how easy is how to buy BTCDOWN (BTCDOWN) via Binance P2P
Another option you have to get crypto is to exchange it
with another subscriber. To get this done, the first step is to add the payment method you wish to use.
- Login to the "Security" panel of your account.
- Locate the "Payment" option in the menu you’ll see from the menu on the left and choose it.
- Click the "Add a Payment Method" button and follow the platform guidance.
When the new method of payment has been added to your account, look for the "Buy Crypto" menu on the upper part of the screen, press on the "Trading P2P" option and follow the steps described below:
- On the upper bar of the "P2P Account" tab, choose "Buy"
- The complete set of BTCDOWN (BTCDOWN) available for buying through P2P operations will be shown in this list, so you will be able to choose the one you’re interested in. As for this example, we present «USDT».Buying any crypto via P2P trading will allow the trader to exchange it on Binance for any of the foreign currencies available.
- It is time to select the local currency you want to use, for example, «VES». To do this, see the drop-down menu under the "Fiat" column.
- In the "Amount" box, type the amount in VES you would like to buy with.
- After you’ve chosen the payment method, the system will show you a list of dealers’ ads.
- Any of the sellers displayed in the list can be chosen, although it is recommendable to choose a verified one (with the blue diamond marking), and even better, a high-volume seller (gold star marking).
- Now select "Buy USDT"
- Write the amount in VES you would like to pay
- Again, select "Buy USDT"
- A purchase order has been created and the seller and you will be able to contact each other for details, in case you need it. You have a limited time to make the payment, otherwise the order will be terminated by the platform (and that’s bad for your rating as a buyer). Once you paid, press "Transferred, Next" and then press "Confirm".
Learn how to transfer your BTCDOWN (BTCDOWN) to the Spot Wallet
Once you have completed a payment to the trader, they will be able to release the BTCDOWN (BTCDOWN), just by confirming receipt of the payment.
You may check your wallet Binance balance to confirm reception.
Take into account that your BTCDOWN (BTCDOWN) must be in your Spot Wallet in case you would want to get others, so you will have to move them there before.
To accomplish this, all you have to do is click on "Transfer to Spot Wallet" once the purchase order is completed.
This BTCDOWN (BTCDOWN) internal transfer can be carried out whenever you need.
Ways to transfer your BTCDOWN (BTCDOWN) to the Spot Wallet
Cryptos will be released by the trader as soon as payment reception validation has been done.
You may check your wallet account balance to confirm reception.
Take into account that your BTCDOWN (BTCDOWN) must be in your Spot Wallet in case you want to purchase others, so you must send them there before.
You can move them immediately right after the buying order has been completed just by clicking "Transfer to Spot Wallet".
If you didn’t follow this step, don’t fear, you can move the cryptos later.
- Press "Wallet Funds" from the "Wallet" drop-down menu.
- The "Transfer" button is located at the top right. Click on it.
- A pop-up window will open, where you should change the options to:
- From: «Funds»
- To: «Fiat and Spot»
- Choose the currency according to your funds in the platform, in this example we’ll use «USDT»
- Set the cryptos you are transferring for the Exchange and click "Confirm".
That’s it! This way you will have money in the Spot Wallet and you will be able to trade any of the huge selection of BTCDOWN (BTCDOWN) that the Binance platform has.
Purchase any cryptocurrency from Binance just following the steps described next:
- Select the "Trading" option in the top upper section.
- From that list select the "Convert" alternative.
- Input the amount of «USDT» you would like to spend.
- Now mark the cryptocurrency you’re interested in.
- Click on "Preview conversion".
- Validate the operation and that’s all. You now will have the amount of the selected cryptocurrency in your Spot Wallet.
With these funds already in your Spot Wallet, don’t fear to purchase any cryptocurrency you consider could yield the greatest profit.
To purchase BTCDOWN (BTCDOWN) from the Binance platform what you just have to do is described below:
- Locate the "Trading" menu in the top upper section.
- From the list select the "Convert" alternative.
- Fill in the box the sum of «USDT» you would like to invest.
- Now select the cryptocurrency you’re about to purchase.
- Press "Preview conversion".
- Validate the transaction and that’s all. You now will have the amount of the chosen crypto in your Spot Wallet.
Depending on the above mentioned information, you are now ready to start trading on the Binance platform.
Don’t wait any longer and begin earning some extra money.