Buying Conflux (CFX) on Binance
No doubt one of the leading trading platforms in the world nowadays is Binance.
Therefore, the first thing you need to to do if you wish to start out operating on it is to understand how to get Conflux (CFX).
Before stepping into the wonderful realm of crypto within the Binance platform, you should know the following.
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How to register on Binance
To be capable of buying Conflux (CFX) on Binance, one thing you must know is certainly how to open your account.
Hassle-free subscription: just follow the detailed guidelines listed below.
Search for the "Register" option in the Binance main page and click on it to begin the registration process.
Here you have the direct access to Binance.
Locate the "Register with a phone or email" button in the main page and click on it.
iOS tablets or phones can be used to do this as well.
For the purpose of this guide, the e-mail address registration process will be shown.
- In the window that is displayed, pick your country of residence from the drop down list.
- Now the vital part: password. Create 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 have to be secured by that word
- Whether you wish to be informed periodically via email about Binance news, check in the corresponding box. Then you must accept the "Terms of Service" and that’s almost all. Your account has been created Now it just needs to be verified via email
The Binance platform will immediately send an activation keycode (NB: this is NOT the password you’ve created) that you’ll write it in the corresponding line, then click on "Send"
That’s it! You are now and authorized subscriber of Binance.
Now you can navigate the Binance platform and get to know all the options it has to offer.
You’ll realize how simple is to start operating with Conflux (CFX).
The ID verification is a required step you must fulfill to gain access to all those options.
Please, note that it is only after you have completed this protection measure that you’ll obtain permission to begin trading Conflux (CFX).
In the following paragraphs, you’ll see how to do that. Zero problems.
Verify your Binance account to start trading
To be a certified user you have to follow the next steps:
From the user profile menu, pick "Security"
Another alternative is to move to the top of the screen and press the "Verify" button
Look for the option "Identification" on the left side of the screen.
Country of residence is the first thing you must select.
Next you’ll will immediately find 3 levels of verification:
- The current one.
- The Verified.
- The Verified Plus.
Begin by selecting "Start now" just below the "Verified" level.
A new window will pop-up, and there you’ll have to provide your personal info: Nationality, first name and last name, second name and date of birth. Also, make sure you enter the exact address of your residence
It is time to support your identity with a legal document.
You can do this by using your passport, ID card, or license.
Now the platform will require you to take a selfie under certain conditions.
After fulfilling all those steps, the Binance platform will do a verification process on your account.
Now be patient, Binance will send you an e-mail as soon as your profile has been accepted.
Upon receiving that email it’s time to purchase Conflux (CFX), just see the guidelines below.
Buying Conflux (CFX) on Binance
Since you are registered on the Binance platform and have your account verified, you’re OK to begin trading.
Understanding how to convert money into Conflux (CFX) is not so difficult.
It is time to corroborate your identity using a legal document.
You can do this by using your ID card, passport, or driver’s license.
Now the system will ask you to take a selfie under certain conditions.
After you have completed the system’s guidelines, you’ll have to wait a short while for the verification to be performed on your account.
As soon as your request has been approved, you’ll be informed via email, just be patient.
The following instructions will guide you through the Conflux (CFX) purchasing process. As soon as you’ve got the confirmation e-mail, you are a Binance authorized Conflux (CFX) trader.
Purchasing Conflux (CFX) on Binance
Beginning your Conflux (CFX) trading career has never been so easy, right?.
In this section you’ll see how simple is to convert cash into Conflux (CFX).
Some processes may have optional paths
The "Buy cryptos" menu on the Binance homepage should be your reference when making a purchase.
Needless to say you must log into your account to do this
Placing your mouse pointer over this option will show a list of alternatives for making your purchase.
It is time to verify your identity using a legal document.
passport, ID card or even a license will be enough to complete this condition.
Now the system will ask you to take a selfie following certain instructions.
When you have completed the system’s requisites, you will have to wait a short time while your account is confirmed.
As soon as your profile has been approved, you will be notified via email, just be patient.
Congrats! As soon as you’ve received the confirmation you’re officially licensed to buy Conflux (CFX). See the guidelines that follow.
Buying Conflux (CFX) on Binance
Starting your Conflux (CFX) trading experience has never been so easy, right?.
Learning how to convert cash into Conflux (CFX) is actually quite easy.
You may have different options throughout the process
To find out which options can be found when making a purchase, see the "Buy cryptos" menu on the Binance homepage.
Certainly, you’ll only be able to do this if you’re logged in
Find all the different purchase options just by hovering your mouse over this button.
Did you know you could use your debit or credit card to purchase Conflux?
Go to the "Buy Cryptos" and select the credit card-related option from the menu.
After that, just stick to the following directions:
Currency preferred and amount of the investment must be specified here.
In the next field you must pick the Conflux (CFX) you intend to purchase
Depending on the amount of USD you have previously indicated, the system will immediately show you the quantity of Conflux (CFX) you are going to receive.
Next, just stick to these directions:
Currency preferred and how much you’ll invest must be stated in the next box.
Next, select the Conflux (CFX) you are going to purchase
The quantity of Conflux (CFX) you are going to get will depend upon the amount of USD you have just invested. The Binance system will automatically display it.
Next click "Continue".
Now you must define your method of payment. To pay with your credit card, pick in the "Visa/Mastercard" field the option "Add card".
Type your credit card numbers and click "Next".
The credit card’s address must be indicated next. Be very careful, since you must enter it exactly as it is, otherwise the card won’t be approved. Then select "Add card".
With this step, your credit card will be added to the payment methods in your account. Press "Continue".
Next, all the relevant details of the transaction will be displayed: the amount you’ll pay and the corresponding currency, and of course, the cryptos you will get.
It will also let you know the commission you should pay for the purchase.
In less than 1 minute press "Confirm", after that time the order will be automatically terminated.
The Binance system will now reroute you to the credit card issuing bank. Follow the instructions in the same way you would make a payment with your credit card.
Once the banking process has been completed, you are already in possession of the purchased Conflux (CFX) in your Binance e-wallet (referred to as the «Spot Wallet»)
Purchase Conflux (CFX) with Binance P2P
You may get Conflux (CFX) not only by means of a direct purchase, but trading them «Person To Person»
with another Binance user as well. Method of payment is the first parameter you must add.
Next, you’ll see a quick view of the transaction in its final stage. That includes the sum you will pay, the chosen currency and the quantity of Conflux (CFX) bought.
It will also show you the commission you should pay for the transaction.
Within the next 60 seconds press "Confirm", from then on the order will expire automatically.
The system will now send you to the credit card issuing bank. There you would make a normal on-line payment using your credit card.
Your recently purchased Conflux (CFX) will be available in your Binance digital wallet (called the «Spot Wallet») after the banking procedure has been done
Know how to buy Conflux (CFX) with Binance P2P
You could get Conflux (CFX) not only via a direct purchase, but exchanging them «Person To Person»
with another Binance subscriber too. To get this done, the first step is to indicate which payment method you want to apply.
- Select "Security" in your account.
- In the menu on the left-hand side click on "Payment".
- After choosing "Add a Payment Method" the Binance system will guide you through the rest of the process.
When the new payment method has been added to your account, look for the "Buy Crypto" menu in the top bar of the navigator, click the "Trading P2P" option and follow the directions described below:
- Look for the "Buy" button on the upper bar of the "P2P Account" menu and press it
- In this bar you’ll see the list of Conflux (CFX) available for buying through P2P operations. Pick the one you want, in our case we use «USDT» as an example.It is important to note that when you buy one of these cryptocurrencies in P2P trading, you’ll be able to exchange it for any of the foreign currencies that operate on the Binance platform.
- Locate the "Fiat" label on the top tabs and reveal the drop-down menu to find all valid currencies. Let’s use «VES» in this example.
- Use the "Amount" box to type the sum in VES you’re going to invest to purchase Conflux (CFX).
- You will see a list of dealers offering cryptos a little while after you indicate the payment method.
- From the list displayed list, you may pick any of the sellers. It is recommendable to select one with the «Verified» mark and better if a good percentage of completed sales is displayed.
- Now select "Buy USDT"
- In this step, the amount you want to invest in VES must be input
- Again, press "Buy USDT"
- Now a buying order has been created and the seller and you will be in touch. Make the payment, press "Transferred, Next" and then press "Confirm". Note that there’s a time limit for you to pay.
Ways to transfer your Conflux (CFX) to the Spot Wallet
The trader, upon receiving your payment, will immediately release the Conflux (CFX).
You may check your wallet account balance to confirm reception.
Take into account that your Conflux (CFX) must be in your Spot Wallet in order for you to purchase others, so you will need to move them there before.
To get this done, all you have to do is click on "Transfer to Spot Wallet" once the buying order has been completed.
In the event you didn’t follow this step, don’t stress, you can do it at any other time.
How to transfer your Conflux (CFX) to the Spot Wallet
Once you have completed a payment to the seller, they may release the Conflux (CFX), by confirming receipt of the payment.
This way, they will automatically be added to your wallet balance.
Note that you need to move them to your Spot Wallet in order for you to purchase another crypto.
You can do this immediately immediately after the purchase order is completed just by clicking "Transfer to Spot Wallet".
In the event you didn’t follow this step, don’t be anxious, you can do it later.
- Click on "Wallet Funds" from the "Wallet" drop-down list.
- See the "Transfer" option on the upper right area of the screen and click on it.
- A pop-up window will open, where you should set the options to:
- From: Funds
- To: Fiat and Spot
- Choose the currency in which you have money, in the example in this article we use «USDT»
- Enter the amount you are about to send to the spot walet and press "Confirm".
That’s all! This way you will have funds in the Spot Wallet so you will be able to buy any of the several of Conflux (CFX) within the Binance platform.
Purchase any crypto from Binance just following the instructions detailed below:
- Pick the "Trading" menu in the top top section.
- Click on "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to spend.
- Now select the crypto you’re about to purchase.
- Click on "Preview conversion".
- Validate the operation and that’s it. You will have the funds of the selected cryptocurrency in your Spot Wallet.
All right! Now you have money available to trade any of the numerous Conflux (CFX) in the Binance platform.
Note how simple is to purchase any crypto from the Binance platform:
- Look for the "Trading" option in the top upper section.
- Choose "Convert" from the list.
- Indicate the sum of «USDT» you would like to spend.
- Choose the cryptocurrency you would like to purchase.
- Press "Preview conversion".
- Confirm the transaction and that’s it. Now you will have the funds of the chosen crypto in your Spot Wallet.
You’ve already learned how simple is to commence trading Conflux (CFX) on Binance.
So, no need to think twice, make a profitable business within this cryptocurrency platform.