How to buy Chain (XCN) Token - What is it, price and staking

How to purchase Chain (XCN) on Binance

No doubt one of the top trading platforms in the world today is Binance.

Learning how to buy Chain (XCN) is essential if you wish to get started on operating on that platform.

Continue reading this post and you’ll discover everything you need to know about purchasing crypto on Binance.

Figure out how to register on Binance

The only way to begin trading on Binance is registering to it.

Easy registration: just follow the detailed guidelines below.

On the Binance homepage you must locate the "Register" button and click on it.

Access directly to Binance by pressing here.

Look for the "Register with a phone or email" button in the homepage and click on it.

This can also be done with any iOS mobile.

In this guide, we’ll will describe how to suscribe with an email.

• From the drop-down list of countries, choose the one you reside.
• Now the crucial step: password. Choose an alphanumeric word strange enough not to be simply guessed. Never use your birth date, middle name or things like that. Be well aware that it’s your money what will be protected by that word
• Indicate if you wish to receive news and information directly from Binance to your email address. Accept the "Terms of Service" and click on "Create Account"

See the inbox of the e-mail address you used for signing up and look for the activation code for your Binance account. Enter it in the corresponding box and click on "Send"

You’re now a Binance user!.

It would be a nice idea to browse the different areas of the Binance platform and get acquainted to them.

That’s the best way to realize how friendly the Binance platform is, and how quick you can begin operating with Chain (XCN).

To get access to those options, the first thing you must do is fulfill the ID checking.

Warning: No Chain (XCN) trading will be allowed if you skip this safety step.

In the next section, you’ll be guided about how to do that. Zero problems.

Learn to complete the verification of your Binance account and begin trading

To become a certified Binance trader you must complete the steps below:

Pick "Security" from the drop-down list under the user profile button

You may also click the "Verify" button on the upper part of the navigator window

Look for the option "Identification" on the left part of the navigator window.

Select the Country of Residence.

Now, the 3 verification levels:

• The one you already have.
• The Verified.
• The Verified Plus.

Press the "Start now" button under the "Verified" label, for this is the beginning level.

A new window will pop-up, and there you’re going to enter your personal info: Nationality, first name and surname, second name and date of birth. Also, make sure you provide the exact address of your residence

At this point, the Binance platform will require you to use a legal document for identity verification.

You can do this by using your ID card, passport, or license.

Now the platform will ask you to take a selfie following certain guidelines.

The final step will be made by the Binance system: a certification process that will just take a while.

Now you must wait until your application has been accepted. Be patient, Binance will let you know via e-mail.

The following instructions will guide you through the Chain (XCN) trading process. As soon as you’ve got the confirmation email, you’ve become a Binance authorized Chain (XCN) trader.

Buying Chain (XCN) on Binance

In this segment you’ll see how easy is to make a purchase of Chain (XCN).

It is time to corroborate your identity with a legal document.

Use your ID card, passport or even your driver’s license to complete this step.

Now the platform will require you to take a selfie following certain guidelines.

Now you will have to wait for a short time while an account verification process is performed.

Now you must wait until your request has been accepted. Be patient, Binance is going to send you an e-mail.

Congrats! Once you’ve received the confirmation you’re officially authorized to buy Chain (XCN). The following instructions will be helpful.

Buying Chain (XCN) on Binance

In this section you’ll learn how simple is to convert money into Chain (XCN).

You may have different alternatives throughout the process

To know which alternatives you have when making a purchase, browse through the "Buy cryptos" menu on the Binance main page.

Obviously, you’ll only be able to do this once you are logged in

See all the different purchase options just by hovering your mouse over this button.

The next step is to verify your identity with a legal document.

You can do this by using your ID card, passport, or driver’s license.

Now the platform will require you to take a selfie following certain instructions.

Now you’ll have to wait for a short period while an account confirmation process is performed.

Once your request has been accepted, you’ll be notified via email, just be patient.

Upon receiving that e-mail it’s time to buy Chain (XCN), just see the guidelines below.

How to buy Chain (XCN) on Binance

Learning how to buy a Chain (XCN) is not that hard.

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.

Certainly, you’ll only be able to do this after you’ve logged in

Find all the different buying options just by hovering your mouse over this button.

Buying Chain (XCN) with a credit/debit card

Go to the "Buy Cryptos" and pick the credit card-related option from the menu.

Continue reading for further instructions:

Now you should pick the currency you’d like to buy with and type the amount you want to invest.

The the Chain (XCN) you wish to get must be indicated in the second field

Taking into account the amount of USD you have recently defined, the platform will automatically display the quantity of Chain (XCN) you’ll get.

Next, just follow the following guidelines:

Currency preferred and amount of the investment must be specified here.

Next, pick the Chain (XCN) you are going to get

Considering the amount of USD you’ve recently defined, the system will immediately show you the quantity of Chain (XCN) you will be given.

Press "Continue".

To include your credit card as a payment method, go to the "Visa/Mastercard" box and click on the "Add card" option.

Card numbers must be indicated in this step, then click "Next".

The credit card’s associated address should be stated next. Be very careful, since you’ll need to write it exactly as it is, otherwise the card might not be accepted. Then select "Add card".

Click "Continue" once you notice your card has been successfully added to your account as a new payment method.

The system will now display the synthesis of the purchase order you are about to complete. The sum you will pay in the currency you’ve selected, and the Chain (XCN) you will get.

Another important detail in this summary is the percentage Binance will charge you as a commision for making the operation.

At this point you have 60 seconds to click on "Confirm", otherwise the order will automatically expire.

Next, you’ll be redirected towards the site of the bank issuing the credit card. Proceed exactly as you usually do when making a payment with your card on the bank website.

You may take a look at your Binance e-wallet (referred to as the «Spot Wallet») as soon as the banking process is complete and you’ll see your recently purchased Chain (XCN) already there

Learn how to buy Chain (XCN) through Binance P2P

The next screen will display a quick view of the operation in its final stage. It includes the sum you will pay, the selected currency and the amount of Chain (XCN) you will receive.

Another detail of relevance in this overview is the percentage you’ll be charged as a commision for making the operation.

In less than 1 minute click on "Confirm", and then the order will be automatically shut down.

After this, you’ll be sent to the banking platform the credit card has been issued by. Proceed exactly as you do when making a standard online credit card payment.

You may take a look at your Binance digital wallet (referred to as the «Spot Wallet») once the banking procedure has been completed to find your recently bought Chain (XCN) already there

Buy Chain (XCN) via Binance P2P

1. Go to your account and click on "Security".
2. Locate the "Payment" option in the menu you’ll see on the left-hand side of the screen and select it.
3. Select "Add a Payment Method" and the platform will guide you through the rest of the process.

Now that the new payment method has been added to your profile, go to the upper part of the screen and pass over "Buy Crypto" to drop-down the list of options and select "Trading P2P". Then see the following instructions:

1. Locate the "Buy" option on the top bar of the "P2P Account" menu and press it
2. This bar shows the list of Chain (XCN) available for purchase through P2P trading. Choose the one you want, for this exercise we use «USDT» as an example.It is important to note that when you buy any crypto through P2P trading, you will be able to exchange it for any of the foreign currencies that operate on the Binance platform.
3. It is time to select the local currency you want to pay with, for example, «VES». To do this, place the list under the "Fiat" label.
4. Use the "Amount" box to input the sum in VES you’d like to use to purchase Chain (XCN).
5. Once you’ve indicated the method of payment, the platform will display a register of dealers’ ads.
6. Any of the sellers displayed in the list can be chosen, although it is recommendable to select a verified one (see the blue diamond badge), and better, a high-volume seller (gold star badge).
7. Press "Buy USDT"
8. Write the amount in VES you wish to pay
9. Press "Buy USDT" again
10. A buying order has been generated and the trader and you will be able to contact each other for further details, in case you need it. You have a time limit to pay, otherwise the order will be shut down by the platform (and that’s not good for your reputation as a buyer). Once you have paid, click on "Transferred, Next", then press "Confirm".

Learn how to transfer your Chain (XCN) to the Spot Wallet

Once you have completed a payment to the trader, they may release the Chain (XCN), by confirming payment reception.

The place where Chain (XCN) are deposited is your Binance wallet.

NB: you will have to move them to your Spot Wallet in case you want to get any other crypto.

You can move them immediately once the purchase order has been completed just by clicking "Transfer to Spot Wallet".

If you didn’t follow this step, don’t get worried, you can move the cryptos later.

Ways to transfer your Chain (XCN) to the Spot Wallet

Cryptocurrencies will be released by the trader as soon as payment reception validation has been done.

This way, they will quickly be deposited into your wallet.

Note that you need to transfer them to your Spot Wallet in case you would want to get another crypto.

You can move them immediately immediately after the purchase order has been completed just by clicking "Transfer to Spot Wallet".

If you forget to do this right after the purchase, there’s nothing to worry about: you’ll be able to do it later.

1. Place the mouse pointer on "Wallet" and select "Wallet Funds" from the drop-down list.
2. Next press "Transfer" option on the upper right area of the navigator window.
3. Set the «From» and «To» options on the pop-up window to:
• From: "Funds"
• To: "Fiat and Spot"
4. For this article, we will use «USDT» as an example, but you’ll obviously indicate the currency you have
5. Set the amount you are moving to the spot walet and click "Confirm".

With these money already in your Spot Wallet, don’t fear to buy any cryptocurrency you think might be profitable.

Find out how simple is to buy any cryptocurrency from the Binance platform:

1. Select the "Trading" menu in the upper section.
2. Press "Convert" from the list.
3. Fill in the box the sum of «USDT» you would like to spend.
4. Choose the cryptocurrency you wish to buy.
5. Choose "Preview conversion".
6. Validate the transaction and that’s it. Now you will have the amount of the selected crypto in your Spot Wallet.

That’s it! Now you will have money in the Spot Wallet and you will be able to purchase any of the numerous Chain (XCN) that the Binance platform has.

Buy any crypto from Binance just following the instructions detailed next:

1. In the top panel, select the "Trading" option.
2. Pick "Convert" from the list.
3. Fill in the box the sum of «USDT» you would like to spend.
4. Select the cryptocurrency you would like to purchase.
5. Click on "Preview conversion".
6. Confirm the operation and that’s it. You will have the funds of the chosen cryptocurrency in your Spot Wallet.

This article surely pictured you a wide vision of what Binance is and how you can do business with Chain (XCN) on it.

So, no need to think twice, make a fruitful business within this cryptocurrency platform.