Learn how to buy CottonCoin (COTN) on Binance
No doubt one of the world’s top trading platforms nowadays is Binance.
Therefore, the first thing you should to do if you need to begin operating on it is to discover ways to buy CottonCoin (COTN).
Stay on this article and you will find all the information you should have for purchasing crypto on Binance.
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Learn how to register on Binance
Opening a Binance account is the initial step you need to complete.
To do so, you will need to follow each one of the guidelines listed below.
Search for the "Register" button in the Binance main page and press on it to start the registration process.
You have the direct link here.
At this moment click on the "Register with a phone or email" button.
The Binance platform is totally compatible with iOS devices as well.
For the purpose of this article, the e-mail address subscription technique will be described.
- In the window you’ll immediately see, select your country of residence from the drop-down list.
- Now, type your e-mail address and a safety password. Keep in mind that you are going to trade your money, you ought to give relevance to the password you select
- Choose whether you wish to receive news and information directly from Binance to your email address. Accept the "Terms of Service" and press "Create Account"
You surely have received an e-mail in the address you’ve just used for subscribing on the Binance platform. It will have a one-time-only activation password you’ll have to will enter in the corresponding box. Then press "Send"
And that’s it! You are now registered to Binance.
It is a nice idea to navigate through the different areas of the Binance platform and get acquainted to them.
This way you canit is possible to begin operating with CottonCoin (COTN) quickly.
The identity verification is a mandatory step you must fulfill to gain access to all those options.
It is very important to note that unless you complete this safety measure, you’ll not get permission to start trading CottonCoin (COTN).
However, you don’t need to worry, read the next paragraphs to learn how to do it.
How to verify your account and get started on trading
The following are the instructions to verify your Binance subscription and get authorized to start operating:
On the main screen, hover the mouse on the user profile button and a list will immediately drop down where you will press "Security"
Another alternative is to move to the upper part of the screen and press the "Verify" button
Locate the option "Identification" on the left side of the navigator window.
Pick your Country of Residence.
It shows you 3 levels of verification: the current one, the Verified, and the Verified Plus.
Press the "Start now" button below the "Verified" label, for this will be your beginning level.
In this step, you must give certain personal information:
- Nationality.
- First Name and Surname.
- Middle name and date of birth.
- Exact address of your residence.
- Middle name and birth date.
- Middle name and date of birth.
At this point, the Binance platform will ask you to use a legal document for identity checking.
ID card, passport or even a driver’s license are all valid documents to complete this formality.
In the next stage, you will have to take a selfie, according to the platform’s guidance.
The last step will be made by the Binance system: a confirmation process that will take only a short time.
All you have to do is be patient, Binance is going to send you an email once your profile has been approved.
Upon receiving that e-mail it’s time to get CottonCoin (COTN), to do so see the instructions below.
Purchasing CottonCoin (COTN) on Binance
Starting your CottonCoin (COTN) trading adventure has never been so simple, right?.
Learning how to make a purchase of CottonCoin (COTN) is not that hard.
Now you’ll need to show a legal document to verify your identity.
Use your ID card, passport or even your driver’s license to complete this step.
Follow the system requirements to take a selfie.
The last step is on Binance’s side: a confirmation process that will just take a while.
Now you have to wait until your profile has been approved. Be patient, the platform will send you an email.
The following instructions will guide you through the CottonCoin (COTN) trading process. As soon as you’ve received the confirmation email, you’re a Binance licensed CottonCoin (COTN) trader.
How to buy CottonCoin (COTN) on Binance
Now that you have subscribed to the platform and have your account confirmed, you’re able to begin trading.
In this section you’ll discover how simple is to convert money into CottonCoin (COTN).
Be aware that you may have different alternatives for this process
To know which alternatives can be found when buying, browse through the "Buy cryptos" menu on the Binance homepage.
Obviously, you’ll only be able to do this if you’re logged in
Place your mouse over this button and a list of buying alternatives will be shown.
The next step is to support your identity using a legal document.
passport, ID card or even a license will be enough to fulfill this formality.
Now, you will have to take a selfie, according to the application’s requirements.
The final step will be made by the Binance platform: a corroboration process that will take only a short time.
Now you must wait until your request has been approved. Be patient, Binance is going to send you an email.
After that, it’s time to acquire CottonCoin (COTN), just follow the guidelines below.
Purchasing CottonCoin (COTN) on Binance
OK, account verified was all you needed to begin buying CottonCoin (COTN) immediately.
In this section you’ll discover how simple is to convert cash into CottonCoin (COTN).
Some processes would probably have alternative paths
See the "Buy cryptos" menu on the Binance homepage to find out which options you have when buying.
Needless to say you must be logged into your account to do this
Hover your mouse over this option and a list of buying alternatives will deploy.
Did you know you can use your debit or credit card for buying cryptos?
Select the credit card-related option from the drop-down menu labeled "Buy Cryptos".
These directions will help you in the process:
In the next box, select the currency you want to buy with and enter the amount you are going to invest.
In the next field you should choose the CottonCoin (COTN) you’d like to get
The number of CottonCoin (COTN) you are going to receive will depend upon the amount of USD you’ve recently specified. The Binance system will automatically show it to you.
After that, just stick to the following instructions:
In the next box, pick the currency you wish to use and indicate how much you are going to invest.
In the next field you must pick the CottonCoin (COTN) you wish to buy
Once you do so, the platform will immediately display the number of CottonCoin (COTN) you are going to be given, considering the amount of USD you have recently indicated.
Press "Continue".
To add your CC as a payment method, go to the "Visa/Mastercard" field and press the "Add card" option.
Enter your card details and press "Next".
In this step you must specify the physical address details of the CC. Then select "Add card".
With this, your card will be added to the payment methods in your account. Click "Continue".
The platform will now show you the details of the order you are creating. The sum you will pay in the currency you’ve picked, and the CottonCoin (COTN) you will be given.
Obviously, Binance will claim a small amount as a commission for supporting the transaction, and that will be shown in that snapshot also.
Now you must certify the order pressing the "Confirm" button during the following 60 seconds, or it will be automatically shut down.
The platform will now send you to the bank issuing the credit card. There you would make a standard online payment using your credit card.
As soon as the banking process has been completed, you are already in possession of the purchased CottonCoin (COTN) in your Binance digital wallet (referred to as the «Spot Wallet»)
Learn how to purchase CottonCoin (COTN) through Binance P2P
A different way to buy crypto is to trade it
with another subscriber. To get this done, the first step is to add the payment method you wish to work with.
Next, you’ll see a snapshot of the transaction about to be completed. That includes the amount you will pay, the selected currency and the quantity of CottonCoin (COTN) purchased.
Certainly, Binance will take a small amount as a commission for making the operation, and that will appear in that snapshot also.
At this point you have 1 minute to press "Confirm", otherwise the order will be automatically terminated.
The platform will now reroute you to the credit card issuing bank. Follow the directions in the same way you would pay with your card.
Your recently bought CottonCoin (COTN) will be credited to your Binance digital wallet (called the «Spot Wallet») as soon as the banking process has been completed
Learn how to purchase CottonCoin (COTN) via Binance P2P
That is a transaction made «Person To Person», i.e.: exchanging CottonCoin (COTN)
with another Binance subscriber. To achieve this, the first step is to state the payment method you wish to use.
- Go to your profile and select "Security".
- Press "Payment" from the menu on the left.
- Click the "Add a Payment Method" button and follow the platform instructions.
Once you have added the new payment method to your account, move to the "Buy Crypto" menu (upper bar of the navigator), pick the "Trading P2P" option, and follow the guidelines below:
- Click the "Buy" button on the upper bar of the "P2P Account" menu
- All the CottonCoin (COTN) available for purchase via P2P trading will be shown in this list, so you will be able to pick the one you’re interested in. In this guide, we will present «USDT».Buying any crypto in P2P trading will allow the user to exchange it on the Binance platform for any of the foreign currencies available.
- Select the local currency you want to use from the drop-down menu under the "Fiat" column, for instance, «VES».
- In the "Amount" box, indicate the amount in VES you wish to invest.
- Once you have stated the payment method, the Binance platform will show you a register of traders’ ads.
- Any of the sellers shown in the list can be selected, although it is recommendable to select a verified one (see the blue diamond mark), and even better, a high-volume seller (gold star marking).
- Now press "Buy USDT"
- Enter the amount in VES you want to invest
- Click on "Buy USDT" again
- A purchase order has been opened 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 complete, otherwise the order will be shut down by the system (something bad for your rating as a buyer). Once you paid, click on "Transferred, Next" and then press "Confirm".
Learn how to transfer your CottonCoin (COTN) to the Spot Wallet
Cryptos will be released by the trader as soon as payment reception acknowledge has been done.
This way, they will immediately be added to your wallet balance.
Nonetheless, you must move them to your Spot Wallet in order for you to purchase another cryptocurrency.
That’s easy: just press "Transfer to Spot Wallet" once the purchase order is completed.
If you forget to follow this step right after the purchase, there’s nothing to worry about: you’ll be able to do it at any moment.
Ways to transfer your CottonCoin (COTN) to the Spot Wallet
When you have completed a payment to the seller, they will release the CottonCoin (COTN), by confirming payment reception.
The place where CottonCoin (COTN) are transferred to is your Binance wallet.
Take into account that your CottonCoin (COTN) must be in your Spot Wallet in order for you to get others, so you will have to transfer them there before.
That’s quite simple: just click on "Transfer to Spot Wallet" once the buying order is completed.
In the event you didn’t do this, don’t get worried, you can move the cryptos at any other moment.
- Hover the mouse over "Wallet" and select "Wallet Funds" from the drop-down list.
- The "Transfer" option is located at the top right. Press it.
- A new window will pop-up, where you must configure the options to:
- From: Funds
- To: Fiat and Spot
- For this post, we use «USDT» as an example, but you’ll obviously indicate the currency you have
- Input the cryptos you are about to transfer to the spot walet and press "Confirm".
With these money already in your Spot Wallet, don’t fear to buy any crypto you consider could yield the highest profit.
To purchase CottonCoin (COTN) from the Binance platform all you have to do is described below:
- Look for the "Trading" option in the top top section.
- Press "Convert" from the list.
- Input the amount of «USDT» you would like to invest.
- Now mark the crypto you’re about to purchase.
- Press "Preview conversion".
- Confirm the operation and that’s all. You will have the amount of the selected cryptocurrency in your Spot Wallet.
That’s all! Now you will have funds in the Spot Wallet and you will be able to trade any of the huge selection of CottonCoin (COTN) that the Binance platform has.
To buy CottonCoin (COTN) from Binance what you just have to do is described below:
- Pick the "Trading" menu in the upper panel.
- Press "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to spend.
- Choose the crypto you wish to purchase.
- Click on "Preview conversion".
- Validate the operation and that’s all. Now you will have the funds of the chosen crypto in your Spot Wallet.
You’ve already learned how simple is to start trading CottonCoin (COTN) on Binance.
Don’t wait any more and start earning some extra money.