Purchasing ColossusXT (COLX) on Binance
There are many trading platforms today on the WWW, but clearly Binance is among the most popular and innovative.
Understanding how to purchase ColossusXT (COLX) is crucial if you need to get started trading on that platform.
That’s why on this page we will provide you with all what you need to know to purchase ColossusXT (COLX) on the Binance cryptocurrency exchange.
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How to register on Binance
To be able to buy ColossusXT (COLX) on Binance, one thing you must know is definitely how to subscribe.
Simply follow each of the guidelines listed below.
On the Binance homepage you must locate the "Register" option and click on it.
Press here to go straight to the Binance platform.
Look for the "Register with a phone or email" button in the homepage and click on it.
Apple smartphones or tablets can be used as well.
Here we’ll will explain the registration process using an e-mail address.
- First, choose the country from the drop-down list according to your place of residence.
- Now the extremely important part: password. Choose a string of characters rare enough not to be simply guessed. Never use your birth date, middle name or things like that. Be well aware that it’s your property what will have to be secured by that password
- In this step you must accept "Terms of Service" and, if you wish to receive information, news and updates from Binance in your email address, mark in the corresponding box
You should have received an e-mail sent to the address you’ve just used for registering on the Binance platform. In its text you’ll find a one-time-only activation keycode you will enter in the corresponding box. Then click on "Send"
And that’s all! You are now subscribed to Binance.
Now you can access the Binance platform and observe all the options it has to offer.
This way you mayit is possible to start trading ColossusXT (COLX) very easily.
Fulfill the mandatory identity verification to enable all these options.
Important: No ColossusXT (COLX) trading will be permitted if you omit this security measure.
No big deal, though. Continue reading through the next paragraphs to complete that step.
Verify your Binance account to get started on trading
To be an authorized subscriber you have to complete the next steps:
Click on "Security" from the drop-down list under the user profile button
Another option is to move to the top of the navigator window and click on the "Verify" button
Look for the option "Identification" on the left part of the navigator window.
Here you should choose your country of residence.
Now, the 3 levels of verification:
- The one you already have.
- The Verified.
- The Verified Plus.
will be shown on your navigator window.
Begin by choosing "Start now" just below the "Verified" level.
In this step, some personal information is required:
- Nationality.
- First Name and Last name.
- Middle name and date of birth.
- Residence address (exact).
- Second name and birth date.
- Second name and birth date.
Here, the Binance platform will ask you to use a legal document for identity checking.
You can do this by using your ID card, passport, or license.
Now the system will require you to take a selfie following certain instructions.
The last step will be carried out by the Binance system: a corroboration process that will just take a while.
Once your profile has been accepted, you’ll be notified via email, just be patient.
After that, it’s time to acquire ColossusXT (COLX), just see the instructions below.
Buying ColossusXT (COLX) on Binance
Starting your ColossusXT (COLX) trading adventure has never been so easy, right?.
Understanding how to make a purchase of ColossusXT (COLX) is actually quite easy.
Next, you’ll need to provide a legal document to sustain your identity.
passport, ID card or even a license will be enough to complete this requirement.
Now, you will be asked to take a selfie, according to the application’s guidelines.
Now you will have to wait for a short period while an account verification process is performed.
Now you must wait until your application has been accepted. Be patient, the platform is going to let you know via e-mail.
Congratulations! As soon as you’ve received the confirmation you’re officially enabled to operate with ColossusXT (COLX). See the guidelines that follow.
How to purchase ColossusXT (COLX) on Binance
Now that you are registered on the Binance platform and have your account approved, you can begin trading.
Understanding how to invest your money in ColossusXT (COLX) is actually quite easy.
Some steps may have optional paths
Browse through the "Buy cryptos" menu on the Binance homepage to find out which alternatives are available to you when buying.
Needless to say you must log into your account to do this
Move your mouse on this key and a list of buying alternatives will deploy.
Now you’ll need to show a legal document to sustain your identity.
Use your passport, ID card or even your license to complete this step.
Now, you will have to take a selfie, following the platform’s requirements.
Now you’ll have to wait for a short period while an account confirmation process is performed.
As soon as your profile has been approved, the system will send you an e-mail, just be patient.
Upon receiving that email it’s time to acquire ColossusXT (COLX), to do so see the guidelines below.
Purchasing ColossusXT (COLX) on Binance
Now that you are subscribed to the Binance platform and have your account validated, you are able to start trading.
In this segment you’ll see how simple is to convert money into ColossusXT (COLX).
Some processes may have optional paths
See the "Buy cryptos" menu on the Binance homepage to find out which options can be found when making a purchase.
Obviously, you’ll only be able to do this after you’ve logged in
Placing your mouse pointer over this key will show a list of alternatives for making the purchase.
Did you know you can use your debit or credit card for buying COLX?
The first thing you must do to purchase the ColossusXT (COLX) you want using a credit card, should be to choose this option from the drop-down list labeled "Buy Cryptos".
Read on for further directions:
In the next box, pick the currency you wish to use and specify how much you want to invest.
Next, select the ColossusXT (COLX) you’re going to purchase
The quantity of ColossusXT (COLX) you are going to receive will depend upon the amount of USD you’ve previously defined. The Binance system will immediately display it.
Next, just stick to these directions:
Now you should select the currency you want to buy with and indicate the amount you are going to invest.
In the second field you must pick the ColossusXT (COLX) you wish to purchase
The quantity of ColossusXT (COLX) you will receive will depend upon the amount of USD you have recently specified. The Binance system will automatically display it.
Click on "Continue".
Now you must indicate the method of payment you’ll use. To pay with your credit card, select in the "Visa/Mastercard" box the option "Add card".
Then the system will ask you to enter your credit card details.
Now state the physical address details for the credit card. Then select "Add card".
With this, your credit card will be added to the valid methods of payment in your account. Press "Continue".
The platform will now show you the summary of the order you are creating. The amount you are paying in the currency you have chosen, and the ColossusXT (COLX) you will be given.
Another detail of relevance in this snapshot is the sum you’ll be charged as a commision for making the purchase.
At this point you have 1 minute to press "Confirm", otherwise the order will automatically expire.
The Binance platform will now redirect you to the bank issuing the credit card. There you will make a normal on-line payment using your credit card.
Once the banking process has been completed, you are already in possession of the purchased ColossusXT (COLX) in your Binance digital wallet (called the «Spot Wallet»)
Purchase ColossusXT (COLX) with Binance P2P
You could buy ColossusXT (COLX) not only via a direct purchase, but exchanging them «Person To Person»
with another Binance user too. To achieve this, the first step is to specify the payment method you want to make use of.
The platform will now show you the summary of the purchase order you are creating. The sum you will pay in the currency you have picked, and the ColossusXT (COLX) you will receive.
In fact, Binance will claim a small amount as a commission for supporting the purchase, and that will be shown in that overview also.
Within the next 60 seconds press "Confirm", from then on the order will be automatically shut down.
The Binance platform will now send you to the credit card issuing bank. Proceed just as you do when making a payment using your credit card on the bank website.
You can take a look at your Binance e-wallet (referred to as the «Spot Wallet») once the banking process is complete and you’ll see your recently purchased ColossusXT (COLX) already there
Buy ColossusXT (COLX) via Binance P2P
An alternative way to get crypto is to exchange it
with another trader. In that case, you should state the payment method you wish to make use of first.
- Go to your profile and click on "Security".
- From the menu on the left-hand side select "Payment".
- Click the "Add a Payment Method" button and follow the platform instructions.
Once the new method of payment has been added to your account, locate the "Buy Crypto" menu on the top bar of the navigator, press on the "Trading P2P" option and follow the directions described below:
- On the upper bar of the "P2P Account" menu, choose "Buy"
- All the ColossusXT (COLX) available for purchase via P2P trading will be shown in this menu, so you will be able to choose the one you’re interested in. As for this example, we use «USDT».Purchasing one of these ColossusXT (COLX) via P2P trading allows the subscriber to exchange it on the Binance platform for any of the foreign currencies available.
- Look for the "Fiat" column on the upper menu and deploy the drop-down list to find all available currencies. Let’s use «VES» in this example.
- In the "Amount" box, indicate the amount in VES you intend to buy with.
- Define the method of payment and wait for the platform to show you the register of the traders that are offering ColossusXT (COLX).
- Select a trader from the list shown. We suggest that you pick one that is verified and has a high completed sales rate.
- Click on "Buy USDT"
- Now the amount you would want to pay in VES must be entered
- Press "Buy USDT" again
- Now a buying order has been opened and you’ll be able to contact the seller. Complete the payment, click on "Transferred, Next" and then press "Confirm". Note that there’s a time limit for you to make the payment.
The right way to transfer your ColossusXT (COLX) to the Spot Wallet
Cryptos will be released by the seller as soon as payment reception acknowledge has been done.
This way, they will instantly be added to your account balance.
Take into account that your ColossusXT (COLX) must be in your Spot Wallet in case you would want to get others, so you will need to send them there before.
That’s easy: just press "Transfer to Spot Wallet" right after the buying order has been completed.
This ColossusXT (COLX) internal movement can be performed anytime later.
How to transfer your ColossusXT (COLX) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as payment reception acknowledge has been done.
The default place where ColossusXT (COLX) are transferred to is your Binance wallet.
Nonetheless, you will need to transfer them to your Spot Wallet in case you want to buy another cryptocurrency.
To get this done, you only need to press "Transfer to Spot Wallet" once the buying order has been completed.
This ColossusXT (COLX) internal transfer can be carried out anytime later.
- Select "Wallet Funds" from the "Wallet" drop-down list.
- Locate the "Transfer" option at the top right and click on it.
- A new window will pop-up, where you should change the options to:
- From: «Funds»
- To: «Fiat and Spot»
- Select the currency according to the funds you have in the platform, in this example we’ll use «USDT»
- Input the amount you are transferring for the Exchange and press "Confirm".
That’s it! This way you will have money in the Spot Wallet and you will be able to buy any of the numerous ColossusXT (COLX) within the Binance platform.
To purchase ColossusXT (COLX) from Binance all you have to do is the following:
- Pick the "Trading" option in the top upper section.
- Pick "Convert" from the list.
- Fill in the box the amount of «USDT» you wish to spend.
- Select the cryptocurrency you wish to purchase.
- Click on "Preview conversion".
- Validate the operation and that’s it. Now you will have the amount of the selected cryptocurrency in your Spot Wallet.
With these money already in your Spot Wallet, nothing keeps you from trading any crypto you consider might yield the highest profit.
Note how easy is to purchase any cryptocurrency from the Binance platform:
- Find the "Trading" menu in the top panel.
- Press "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to invest.
- Select the cryptocurrency you wish to get.
- Click on "Preview conversion".
- Validate the transaction and that’s all. You now will have the amount of the chosen crypto in your Spot Wallet.
This article surely pictured you a detailed overview of what Binance is and how you can do business with ColossusXT (COLX) on it.
So, no time to waste, make a profitable business within the Binance platform.