How to buy CoTrader (COT) on the Binance platform
No doubt one of the most reputed trading platforms in the world today is Binance.
So, if you want to begin trading on it, the first thing you must do is to discover ways to buy CoTrader (COT).
This post is intended to teach the reader about how to trade with CoTrader (COT) on the Binance CoTrader (COT) exchange.
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Figure out how to register on Binance
To be capable of buying CoTrader (COT) on Binance, the very first thing you must know is certainly how to open your account.
Registering the platform is very simple: observe the following guidelines.
On the Binance homepage you have to locate the "Register" button and click on it.
You may log in directly by clicking here.
In the Binance homepage you’ll see a button with the label "Register with a phone or email". Click on it.
The Binance platform is totally compatible with Apple devices as well.
Here you’ll will see the subscription process using an email address.
- In the window you’ll immediately see, choose your country of residence from the drop-down list.
- Now the crucial step: password. Select a string of characters strange enough not to be easily guessed. Don’t use your name, birth date or things like that. Be well aware that it’s your money what will have to be secured by that password
- Whether you wish to be informed periodically via e-mail about Binance news, mark 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
The Binance platform will automatically send a one-time-only activation keycode (remember: this is NOT your password) that you’ll type it in the corresponding line, then click on "Send"
You’re now a Binance user!.
Take a time to get acquainted to the different areas of the Binance platform by browsing them.
This way you canit will be possible to begin operating with CoTrader (COT) conveniently.
The identity verification is a mandatory step you must fulfill to get access to all these options.
It is very important to note that until you fulfill this safety measure, you’ll not be able to start trading CoTrader (COT).
No big deal, though. Continue reading through the following instructions to complete that step.
Learn to complete the verification of your account and get started on trading
These are the instructions to verify your Binance subscription and get authorized to start operating:
On the main screen, place the mouse pointer on the user profile option and a list will immediately appear where you will have to press "Security"
Another alternative is to go to the upper part of the navigator window and click on the "Verify" button
Locate the option "Identification" on the left side of the navigator window.
Pick your Country of Residence.
The platform will display you 3 levels of verification: the one you already have, the Verified, and the Verified Plus.
Press the "Start now" button under the "Verified" label, for this will be your beginning level.
A new window will be displayed, and there you’re going to provide your personal data: Nationality, first name and surname, middle name and birth date. Also, make sure you enter the exact address of your residence
Here, the Binance platform will require you to show a legal document for identity corroboration.
You can do this with your passport, ID card, or license.
Now the system will require you to take a selfie under certain conditions.
After completing all those steps, the Binance system will do a verification process on your account.
As soon as your application has been approved, Binance is going to let you know via e-mail, just be patient.
Upon receiving that email it’s time to acquire CoTrader (COT), to do so follow the instructions below.
Purchasing CoTrader (COT) on Binance
So, account confirmed means you can begin purchasing CoTrader (COT) right now.
Take a time to figure out how to make a purchase of CoTrader (COT).
Next, you’ll need to provide a legal document to support your identity.
passport, ID card or even a driver’s license will be enough to fulfill this requirement.
Now the system will ask you to take a selfie following certain instructions.
When you have fulfilled the platform’s requisites, you will have to wait a short time while your account is verified.
Now you must wait until your request has been approved. Be patient, the system will send you an e-mail.
Congrats! Now you’re officially authorized to buy CoTrader (COT). See the guidelines that follow.
Purchasing CoTrader (COT) on Binance
OK, account confirmed was all you needed to begin purchasing CoTrader (COT) right now.
Learning how to invest your money in CoTrader (COT) is actually quite easy.
You will probably have different options throughout the process
Use the "Buy cryptos" menu on the Binance main page to find out which alternatives you have when buying.
Obviously, you’ll only be able to do this if you’re logged in
See all the different buying options just by placing your mouse over this button.
Next, you’ll need to show a legal document to support your identity.
Use your ID card, passport or even your license to complete this step.
Follow the system guidelines to take a selfie.
The last step is on Binance’s side: a certification process that will just take a while.
So, be patient, Binance will send you an email once your profile has been accepted.
Congrats! As soon as you’ve got the confirmation you’re officially licensed to operate with CoTrader (COT). The following guidelines will be helpful.
Buying CoTrader (COT) on Binance
So, account verified was all you needed to begin purchasing CoTrader (COT) right now.
First you need to learn how to invest your money in CoTrader (COT).
You will probably have different alternatives throughout the process
To know which alternatives are available to you when making a purchase, see the "Buy cryptos" menu on the Binance homepage.
Certainly, you’ll only be able to do this once you are logged in
Placing your mouse pointer over this button will display a list of alternatives for making your purchase.
Did you know you can use your credit or debit card to purchase COT?
What you must do to buy the CoTrader (COT) you want using a credit card, should be to choose this option from the drop-down list labeled "Buy Cryptos".
The following instructions will be helpful to continue the process:
Currency to be used and how much to invest should be specified in the next box.
In the second field you must select the CoTrader (COT) you wish to buy
When you do so, the platform will immediately display the number of CoTrader (COT) you’ll receive, considering the amount of USD you have recently invested.
After that, just stick to these guidelines:
In the next box, select the currency you wish to buy with and type how much you want to invest.
Next, choose the CoTrader (COT) you’re going to buy
Once you do so, the system will automatically show you the number of CoTrader (COT) you will be given, taking into account the amount of USD you’ve previously indicated.
Click on "Continue".
To use your credit card as a payment method, go to the "Visa/Mastercard" field and click on the "Add card" option.
CC details must be typed in this step, then press "Next".
Now indicate the physical address details for the CC. Following this, select "Add card".
Click "Continue" after you see your card has been successfully added to your user profile as a new payment method.
The system will now display the summary of the order you are generating. The amount your card will be charged with the currency you have picked, and the CoTrader (COT) you will get.
Another detail of relevance in this overview is the amount you’ll be charged as a commision for making the operation.
Within the next 60 seconds click on "Confirm", from then on the order will be automatically shut down.
The next step has to be done on the credit card bank platform. There you should make a normal on-line payment with your credit card.
You may check your Binance digital wallet (referred to as the «Spot Wallet») after the banking procedure has been done and you’ll find your recently bought CoTrader (COT) already credited
Know how to purchase CoTrader (COT) with Binance P2P
You can get CoTrader (COT) not only via a direct purchase, but trading them «Person To Person»
with another Binance trader too. In that case, you should add the payment method you wish to work with first.
The platform will now show you the details of the buying order you are creating. The sum you will pay with the currency you have selected, and the CoTrader (COT) you will get.
In fact, Binance will charge you a small amount as a commission for making the purchase, and it will appear in that snapshot as well.
You have 1 minute to press "Confirm", otherwise the order will be automatically terminated.
After this, you will be redirected to the banking platform the credit card belongs to. Follow the directions in the same way you would pay with your card.
Your recently purchased CoTrader (COT) will be available in your Binance digital wallet (referred to as the «Spot Wallet») as soon as the banking process has been finished
See how easy is how to purchase CoTrader (COT) via Binance P2P
Another option you may use to purchase crypto is to exchange it
with another person. To accomplish this, the first step is to state which payment method you wish to make use of.
- Choose "Security" in your profile.
- Select "Payment" on the left-hand side of the screen.
- Click on "Add a Payment Method" and the Binance system will guide you through the rest of the procedure.
After you finished including the new method of payment to your profile, go to the "Buy Crypto" menu (top bar of the navigator), find the "Trading P2P" option, and follow the guidance below:
- Locate the "Buy" option on the top bar of the "P2P Account" menu and press it
- All the CoTrader (COT) available for buying through P2P operations will be shown in this menu, so you will be able to select the one you’re interested in. In this guide, we present «USDT».Purchasing one of these CoTrader (COT) in P2P trading will allow the trader to exchange it on Binance for any of the currencies available.
- Choose the local currency you want to pay with from the drop-down menu under the "Fiat" label, for instance, «VES».
- Use the "Amount" box to enter the amount in VES you’d like to spend to purchase CoTrader (COT).
- Define the method of payment and wait for the platform to show you all of the traders that are currently offering CoTrader (COT).
- Select a seller from the displayed list. We recommend that you pick a verified one with a high percentage of sales completed.
- Select "Buy USDT"
- Now the amount you would like to invest in VES must be typed
- Press "Buy USDT" once again
- This will open an order where you will be in touch with the seller. Complete the payment within the time limit and press "Transferred, Next", then press "Confirm".
How to transfer your CoTrader (COT) to the Spot Wallet
The seller, upon validating money reception, will instantly release the CoTrader (COT).
So, they will immediately be added to your account balance.
Although, in case you would want to purchase another CoTrader (COT), you need to transfer them to your Spot Wallet.
That’s quite simple: just press "Transfer to Spot Wallet" immediately after the buying order is completed.
If you forget to do this right after the purchase, no problem at all: you’ll be able to do it at any moment.
Learn how to transfer your CoTrader (COT) to the Spot Wallet
Once you have made a payment to the trader, they are going to release the CoTrader (COT), just by confirming receipt of the payment.
The default place where CoTrader (COT) are added to is your account wallet.
Nonetheless, you will have to send them to your Spot Wallet in case you want to get any other cryptocurrency.
To accomplish this, you only need to click on "Transfer to Spot Wallet" immediately after the purchase order has been completed.
If you forget to follow this step right after the purchase, there’s nothing to worry about: you’ll always be able to do it at any moment.
- Drop the "Wallet" menu down and click on the "Wallet Funds" button.
- Locate the "Transfer" button on the upper right area of the screen and press it.
- A new window will pop-up, where you must change the options to:
- From: Funds
- To: Fiat and Spot
- For this post, we will use «USDT» as an example, but you’ll obviously indicate the currency you have
- Enter the cryptos you are sending to the spot walet and press "Confirm".
That’s all! Now you will have money in the Spot Wallet and you will be able to trade any of the several of CoTrader (COT) within the Binance platform.
To purchase CoTrader (COT) from Binance all you have to do is the following:
- Find the "Trading" menu in the top panel.
- Choose "Convert" from the list.
- Input the amount of «USDT» you would like to invest.
- Choose the crypto you would like to purchase.
- Click on "Preview conversion".
- Confirm the operation and that’s it. Now you will have the funds of the selected crypto in your Spot Wallet.
Perfect! Now you have money available to buy any of the several CoTrader (COT) in the Binance platform.
Find out how simple is to purchase any crypto from the Binance platform:
- In the upper panel, select the "Trading" menu.
- Click on "Convert" from the list.
- Enter the amount of «USDT» you want to invest.
- Now select the crypto you’re about to get.
- Click on "Preview conversion".
- Validate the transaction and that’s all. You will have the funds of the selected cryptocurrency in your Spot Wallet.
This text have surely pictured you a wide overview of what Binance is and how you can trade CoTrader (COT) on it.
So, no time to waste, make a fruitful business in the Binance platform.