Learn how to purchase ByteEx (BX) on the Binance platform
There are many trading platforms today on the WWW, but undoubtedly Binance is among the most popular and reputed.
Therefore, the first thing you have to to do if you wish to get started trading on it is to learn how to get ByteEx (BX).
So, in this post we will supply you with all what you need to know to trade with ByteEx (BX) on the Binance crypto platform.
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Be able to register on Binance
There is only way to get started in operating on the Binance platform: opening an account in it.
Hassle-free registration: just follow the detailed instructions listed below.
Navigate to the Binance main page and click on the "Register" key.
You can log in directly by pressing here.
In the Binance homepage you’ll see a button labeled "Register with a phone or email". Press it.
This can also be done with any iOS smartphone.
Here you’ll will see the registration process using an e-mail address.
- First, pick the country from the drop-down list according to the one you reside.
- The next step is choosing a safety password. This is vital since it’s all about your money, so you must to invent a robust one
- Whether you would want to be informed periodically via email about Binance news, check in the corresponding option. Next, you must accept the "Terms of Service" and that’s almost all. Your account has been created Next step is the email verification
See the inbox of the email address you utilized for sign up and look for the activation code exclusive of your Binance account. Write it in the corresponding line and press "Send"
And that’s all! You are now signed up with Binance.
Take a time to become familiar with the different areas of the Binance platform by navigating through them.
That’s the best way to know how friendly the Binance platform is, and how quick you can start operating with ByteEx (BX).
Fulfill the mandatory identity checking to enable all these options.
Warning: No ByteEx (BX) trading will be permitted if you omit this security measure.
No big deal, though. See the following instructions to fulfill that step.
Verify your Binance account to start out trading
See the following guidelines and become a certified Binance trader:
On the main page, hover the mouse on the user profile option and a list will immediately show up where you will click on "Security"
You can also press "Verify" button on the upper part of the screen
Click "Identification" on the left list of options.
Here you’ll need to select your country of residence.
Next, the 3 levels of verification:
- The current one.
- The Verified.
- The Verified Plus.
will be displayed on your navigator window.
Press the "Start now" button under the "Verified" label, since this is the beginning level.
Then a pop-up window will display and there you must provide the following information:
- Nationality.
- First and Last Name.
- Second name and date of birth.
- Residence address (exact).
Now you’ll have to to present a legal document to corroborate your identity.
You can do this by using your passport, ID card, or driver’s license.
In the next stage, you will have to take a selfie, following the application’s guidelines.
When you have completed the system’s requirements, you’ll have to wait a moment while your account is confirmed.
All you need to do is wait patiently, Binance is going to send you an email as soon as your application has been accepted.
The following instructions will guide you through the ByteEx (BX) buying process. As soon as you’ve got the confirmation e-mail, you’re a Binance authorized ByteEx (BX) trader.
How to buy ByteEx (BX) on Binance
Now that you have registered on the platform and got your account approved, you can start trading.
The first thing is to understand how to invest your money in ByteEx (BX).
The next step is to support your identity with a legal document.
You can do this by using your passport, ID card, or driver’s license.
Now, you will have to take a selfie, according to the application’s requirements.
The last step will be made by the Binance platform: a confirmation process that will take only a short time.
Now you have to wait until your profile has been accepted. Be patient, the platform is going to let you know via e-mail.
Congrats! Now you’re officially licensed to trade ByteEx (BX). The following instructions will be helpful.
Buying ByteEx (BX) on Binance
Now that you have registered on the Binance platform and got your account confirmed, you’re OK to begin trading.
Take a time to know how to buy a ByteEx (BX).
Be aware that you have more than one option for this process
To find out which alternatives are available to you when buying, browse through the "Buy cryptos" menu on the Binance main page.
Needless to say you must be logged into your account to do this
Unveil all the different buying options just by placing your mouse over this button.
Next, you’ll need to use a legal document to check your identity.
You can do this with your ID card, passport, or driver’s license.
Follow the system guidelines to take a selfie.
After you have completed the system’s requirements, you will have to wait a moment while your account is confirmed.
Now wait patiently, Binance will let you know via email as soon as your request has been approved.
After that, it’s time to get ByteEx (BX), to do so follow the instructions below.
Buying ByteEx (BX) on Binance
Since you are registered on the Binance platform and have your account verified, you’re able to begin trading.
First you need to understand how to buy a ByteEx (BX).
Be aware that you may find more than one option for this process
Use the "Buy cryptos" menu on the Binance main page to know which options can be found when making a purchase.
Needless to say you must log into your account to be able to do this
See all the different purchase options just by hovering your mouse over this button.
Make use of your debit or credit card for buying cryptocurrencies
The first thing you will do to purchase the ByteEx (BX) of your choice using a credit card, should be to choose this method from the "Buy Cryptos" drop-down menu.
Read on for detailed guidelines:
In the next box, choose the currency you want to use and enter the amount you are going to invest.
In the next field you should select the ByteEx (BX) you intend to get
Once you do so, the platform will automatically show you the quantity of ByteEx (BX) you’ll get, according the amount of USD you have recently indicated.
Continue reading for detailed guidelines:
In the next box, pick the currency you wish to use and enter how much you want to invest.
The the ByteEx (BX) you’d like to purchase should be selected from the second field
The number of ByteEx (BX) you are going to be given will depend upon the amount of USD you’ve recently stated. The Binance system will immediately show it to you.
Click "Continue".
In case you want to pay with your credit card, pick in the "Visa/Mastercard" box the button "Add card".
Then the system will prompt you to type your card details.
The next field is where you’ll write the address the card is associated to. Write it exactly as it is, then select "Add card".
When you see your card has been included, click on "Continue".
Next, all the relevant details of the transaction will be presented: the sum to be charged on your credit card and the corresponding currency, and obviously, the cryptos you are going to receive.
In fact, Binance will take a certain percentage as a commission for making the operation, and it will be shown in that summary also.
You have 1 minute to press "Confirm", otherwise the order will be automatically terminated.
Next, you will be sent towards the bank platform the credit card belongs to. There you should complete a normal online payment using your credit card.
As soon as the banking procedure is complete, you will have your purchased ByteEx (BX) in your Binance digital wallet (called the «Spot Wallet»)
Buy ByteEx (BX) through Binance P2P
You may buy ByteEx (BX) not only by means of a direct purchase, but trading them «Person To Person»
with another Binance trader as well. To achieve this, the first step is to indicate which payment method you would want to use.
Next, all the relevant details of the operation will be displayed: the sum you’ll pay and the corresponding currency, and obviously, the cryptos you are going to get.
Another important detail in this quick view is the sum you’ll be charged as a commision for making the transaction.
Now you must certify the order pressing the "Confirm" button within the next 60 seconds, or it will be automatically shut down.
The following step needs to be done on the credit card banking system. Proceed just as you do when making a standard online credit card payment.
You can take a look at your Binance digital wallet (called the «Spot Wallet») once the banking process is complete and you’ll find your recently purchased ByteEx (BX) already there
Learn how to purchase ByteEx (BX) with Binance P2P
A different way to purchase a cryptocurrency is to exchange it
with another person. In that case, you should state which payment method you wish to apply first.
- Choose "Security" in your profile.
- Click on "Payment" on the left-hand side of the screen.
- Choose "Add a Payment Method" and the Binance platform will guide you through the rest of the procedure.
After you finished configuring the new method of payment to your account, move to the "Buy Crypto" menu (upper part of the screen), pick the "Trading P2P" button, and follow the guidelines below:
- Locate the "Buy" button on the upper bar of the "P2P Account" menu and click it
- All the ByteEx (BX) available for buying through P2P operations will be displayed in this list, so you will be able to select the one you want. In this guide, we present «USDT».It is important to note that when you purchase one of these cryptocurrencies via P2P trading, you will be able to exchange it for any of the currencies that operate on the Binance platform.
- Choose the currency you want to pay with from the drop-down menu under the "Fiat" column, for instance, «VES».
- Now you need to type the sum in VES you’re going to spend in the "Amount" box.
- Once you have selected the method of payment, the Binance platform will display a register of dealers’ ads.
- Locate a seller from the list shown. We suggest that you pick one that is verified and has a high percentage of sales completed.
- Select "Buy USDT"
- Now the amount you would like to invest in VES must be entered
- Press "Buy USDT" once again
- A purchase order has been opened and the trader and you will be able to contact each other for details, in case you need it. You have a time limit to pay, otherwise the order will be aborted by the platform (something not good for your reputation as a buyer). Once you paid, press "Transferred, Next" and then press "Confirm".
Ways to transfer your ByteEx (BX) to the Spot Wallet
Cryptos will be released by the trader as soon as payment reception validation has been done.
You may verify your wallet Binance balance to confirm reception.
However, in case you would want to get any other ByteEx (BX), you will have to transfer them to your Spot Wallet.
You can do this immediately immediately after the buying order has been completed just by clicking "Transfer to Spot Wallet".
In case you didn’t do this, don’t worry, you can move the cryptos at any other moment.
Tips on how to transfer your ByteEx (BX) to the Spot Wallet
After you have completed a payment to the seller, they will release the ByteEx (BX), by confirming receipt of the payment.
The default place where ByteEx (BX) are deposited is your account wallet.
NB: you need to transfer them to your Spot Wallet in case you would want to get another cryptocurrency.
You can do this immediately once the purchase order is completed just by clicking "Transfer to Spot Wallet".
In case you didn’t do this, don’t get worried, you can do it at any other time.
- Place the mouse pointer over "Wallet" and select "Wallet Funds" from the drop-down list.
- The "Transfer" option is located on the upper right area of the navigator window. 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»
- Enter the cryptos you are moving to the spot walet and click "Confirm".
With these money already in your Spot Wallet, nothing keeps you from purchasing any cryptocurrency you think might be profitable.
Purchase any crypto from the Binance platform just following the steps detailed next:
- Pick the "Trading" menu in the top section.
- From the listing select the "Convert" option.
- Indicate the amount of «USDT» you want to spend.
- Select the cryptocurrency you wish to get.
- Choose "Preview conversion".
- Validate the transaction and that’s it. Now you will have the funds of the selected cryptocurrency in your Spot Wallet.
With these funds already in your Spot Wallet, don’t fear to trade any crypto you believe will be profitable.
Find out how easy is to buy any crypto from Binance:
- Select the "Trading" menu in the upper section.
- Press "Convert" from the list.
- Indicate the amount of «USDT» you would like to invest.
- Now indicate the cryptocurrency you’re interested in.
- Select "Preview conversion".
- Confirm the transaction and that’s it. Now you will have the amount of the selected cryptocurrency in your Spot Wallet.
You’ve already learned how simple is to begin trading ByteEx (BX) on Binance.
So, no need to think twice, make a fruitful business within the Binance platform.