Purchasing Counterparty (XCP) on the Binance platform
There are many trading platforms today on the ’net, but certainly Binance is one of the most popular and innovative.
So, if you want to start out trading on it, the first thing you must do is to learn how to buy Counterparty (XCP).
That’s why on this page we’ll try to give you all what you need to know to buy Counterparty (XCP) on the Binance cryptocurrency platform.
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How to register on Binance
There is only way to get started in operating within the Binance platform: registering to it.
Quick and easy subscription: just follow the guidelines listed below.
Search for the "Register" option in the Binance homepage and press on it to start the registration process.
Go directly to Binance by clicking here.
Right now click on the "Register with a phone or email" button.
This can also be done with any iOS tablet.
In this post you’ll will see the registration technique using an e-mail address.
- First, choose the country from the drop-down list according to the one you’re living in.
- Now, write your email address and a password. Keep in mind that you are going to trade money, you should give importance to the password you select
- Whether you would want to be informed periodically via email about Binance news, check in the corresponding option. Next, you must accept the "Terms of Service" and that’s almost all. Your account has been created Now it only needs to be verified via e-mail
Check the inbox at the email address you indicate at signing up and look for the activation code for your account. Type it in the corresponding box and press "Send"
Finally, your Binance enrollment is active.
Take a time to become familiar with the different options of the Binance platform by navigating through them.
You’ll discover how simple is to begin operating with Counterparty (XCP).
The ID verification is a mandatory step you must complete to have access to all these options.
Please, note that it will be only after you have fulfilled this safety measure that you’ll be authorized to begin operating with Counterparty (XCP).
However, you don’t need to worry, read the following paragraphs to find out how to do it.
How to complete the verification of your account and start trading
To be an authorized Binance trader you have to follow the next steps:
Choose "Security" from the drop-down list under the user profile button
You may also click on the "Verify" button at the top of the navigator window
Locate the option "Identification" on the left part of the screen.
Country of residence should be selected here.
The platform shows you 3 verification levels: the one you already have, the Verified, and the Verified Plus.
At this moment, you should select "Verified", pressing the "Start now" button under that label.
Then a pop-up window will display and there you should tytpe the following information:
- Nationality.
- First and Last Name.
- Middle name and birth date.
- Exact address of your residence.
It is time to corroborate your identity using a legal document.
passport, ID card or even a license are all valid documents to complete this formality.
Follow the system requirements to take a selfie.
The final step is on Binance’s side: a confirmation process that will take only a short time.
Once your application has been accepted, you’ll be notified via email, just be patient.
Congratulations! Now you’re officially licensed to trade Counterparty (XCP). The following guidelines will be helpful.
Buying Counterparty (XCP) on Binance
Beginning your Counterparty (XCP) trading experience has never been so easy, right?.
The first step is to know how to buy a Counterparty (XCP).
At this point, the Binance platform will require you to present a legal document for identity verification.
You can do this by using your ID card, passport, or license.
Now the system will require you to take a selfie under certain conditions.
Now you’ll have to wait for a short time while an account verification process takes place.
Now you have to wait until your profile has been approved. Be patient, the platform is going to let you know via email.
The following instructions will guide you through the Counterparty (XCP) trading process. As soon as you’ve received the confirmation e-mail, you have become a Binance authorized Counterparty (XCP) trader.
How to buy Counterparty (XCP) on Binance
Since you have subscribed to the platform and have your account confirmed, you’re able to start trading.
Learning how to invest your money in Counterparty (XCP) is actually quite easy.
You will probably find different alternatives throughout the process
The "Buy cryptos" menu on the Binance homepage should be your reference at buying time.
You must, of course, make this happen once you are logged into your account
Hovering your mouse pointer over this option will display a list of alternatives for making the purchase.
Here, the Binance platform will ask you to provide a legal document for identity verification.
You can do this by using your passport, ID card, or license.
Now the system will require you to take a selfie following certain instructions.
Once those requisites have been fulfilled, the Binance platform will execute a verification process on your account.
So, be patient, Binance is going to send you an email when your request has been accepted.
Upon receiving that email it’s time to purchase Counterparty (XCP), to do so see the instructions below.
Buying Counterparty (XCP) on Binance
Since you have registered on the Binance platform and got your account confirmed, you can begin trading.
In this segment you’ll learn how simple is to buy a Counterparty (XCP).
You may find different alternatives throughout the process
To know which options can be found when making a purchase, see the "Buy cryptos" menu on the Binance main page.
Certainly, you’ll only be able to do this if you’re logged in
Move your mouse on this option and a list of buying alternatives will deploy.
Did you know you could use your debit or credit card for buying cryptos?
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
Read on for further instructions:
In the next box, choose the currency you wish to use and enter how much you want to invest.
In the next field you must select the Counterparty (XCP) you wish to get
After you do so, the system will automatically show you the quantity of Counterparty (XCP) you are going to be given, taking into account the amount of USD you have just defined.
These directions will help you in the process:
Currency preferred and how much you’ll invest must be defined here.
In the second field you should choose the Counterparty (XCP) you would like to buy
According the amount of USD you have just specified, the system will immediately show you the quantity of Counterparty (XCP) you are going to be given.
Click "Continue".
In case you decided to pay with your credit card, choose in the "Visa/Mastercard" field the option "Add card".
Card data must be completed in this step, then click "Next".
Now enter the physical address details for the credit card. Following this, 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 synthesis of the purchase order you are about to complete. The sum your card will be charged in the currency you have picked, and the Counterparty (XCP) you will be given.
It will also indicate the commission you should pay for the operation.
In less than 1 minute press "Confirm", after that time the order will expire automatically.
The following step has to be carried out on the credit card banking webpage. Proceed exactly as you usually do when making a normal online credit card payment.
As soon as the banking process has been finished, you are already in possession of the recently bought Counterparty (XCP) in your Binance e-wallet (called the «Spot Wallet»)
Buy Counterparty (XCP) through Binance P2P
You could get Counterparty (XCP) not only by means of a direct purchase, but trading them «Person To Person»
with another Binance user too. Payment method is the first setting you will add.
The platform will now display the synthesis of the purchase order you are generating. The amount you will pay in the currency you have picked, and the Counterparty (XCP) you will be credited.
Another important detail in this quick view is the sum you’ll be charged as a commision for making the transaction.
Within the next 60 seconds press "Confirm", there after the order will expire automatically.
The following step needs to be carried out on the credit card banking platform. Follow the guidelines in the same way you would normally make a payment with your card.
You may take a look at your Binance digital wallet (referred to as the «Spot Wallet») once the banking procedure has been completed and you’ll find your recently bought Counterparty (XCP) already credited
Know how to purchase Counterparty (XCP) with Binance P2P
This is a transaction made «Person To Person», i.e.: exchanging Counterparty (XCP)
with another Binance user. In that case, you should state the payment method you would want to use first.
- Login to the "Security" panel of your profile.
- Locate the "Payment" option in the menu you’ll see from the menu on the left and choose it.
- After Clicking on "Add a Payment Method" the Binance platform will guide you through the rest of the procedure.
Now that the new method of payment has been configured in your account, go to the top part of the screen and pass over "Buy Crypto" to drop-down the list of options and select "Trading P2P". Then see the following guidelines:
- On the upper bar of the "P2P Account" tab, pick "Buy"
- The complete set of Counterparty (XCP) available for buying via P2P trading will be shown in this list, so you will be able to select the one you want. In this guide, we will present «USDT».Any Counterparty (XCP) bought through P2P trading could be exchanged by any of the foreign currencies approved by Binance.
- Select the local currency you want to make the payment with from the drop-down list under the "Fiat" label, for example, «VES».
- In the "Amount" box, indicate the amount in VES you wish to buy with.
- Select the method of payment and wait for the platform to show you the register of the dealers’ ads.
- Locate a seller from the displayed list. We recommend that you choose a verified one with a high percentage of sales completed.
- Select "Buy USDT"
- In this step, the amount you want to pay in VES must be typed
- Press "Buy USDT" again
- Now an order has been generated and the seller and you will contact. Pay, press "Transferred, Next", then press "Confirm". Note that there’s a time limit for you to pay.
Learn how to transfer your Counterparty (XCP) to the Spot Wallet
The trader, upon confirming payment reception, will immediately release the Counterparty (XCP).
So, they will instantly be added to your wallet balance.
Although, in order for you to get any other Counterparty (XCP), you will need to send them to your Spot Wallet.
To get this done, all you have to do is click on "Transfer to Spot Wallet" once the purchase order has been completed.
In the event you didn’t follow this step, don’t worry, you can move the cryptos at any other moment.
How you can transfer your Counterparty (XCP) to the Spot Wallet
After you have completed a payment to the seller, they are going to release the Counterparty (XCP), just by confirming invoice of the payment.
The place where Counterparty (XCP) are transferred to is your account wallet.
Nonetheless, you will need to send them to your Spot Wallet in case you want to purchase another cryptocurrency.
That’s easy: just click on "Transfer to Spot Wallet" once the buying order is completed.
In case you didn’t do this, don’t fear, you can move the cryptos later.
- Hover the mouse on "Wallet" and select "Wallet Funds" from the drop-down menu.
- The "Transfer" option is located at the top right. Click on it.
- In the pop-up window, swap the «From» and «To» options to the following configuration:
- From: "Funds"
- To: "Fiat and Spot"
- For this post, we use «USDT» as an example, but you’ll obviously indicate the currency you have
- Type the cryptos you are moving for the Exchange and press "Confirm".
All right! Now you have money available to buy any of the numerous Counterparty (XCP) in the Binance platform.
Buy any cryptocurrency from the Binance platform just following the steps detailed below:
- In the upper section, look for the "Trading" option.
- From that list choose the "Convert" option.
- Input the sum of «USDT» you would like to invest.
- Now indicate the cryptocurrency you’re interested in.
- Select "Preview conversion".
- Validate the transaction and that’s all. You now will have the amount of the selected crypto in your Spot Wallet.
That’s it! Now you will have funds in the Spot Wallet so you will be able to purchase any of the several of Counterparty (XCP) that the Binance platform has.
To buy Counterparty (XCP) from the Binance platform all you have to do is described below:
- Look for the "Trading" menu in the top upper panel.
- Choose "Convert" from the list.
- Fill in the box the sum of «USDT» you would like to invest.
- Now mark the cryptocurrency you’re about to get.
- Press "Preview conversion".
- Validate the transaction and that’s all. Now you will have the amount of the selected cryptocurrency in your Spot Wallet.
This text have surely pictured you a wide panorama of what Binance is and how you can do business with Counterparty (XCP) on it.
So, no need to think twice, make a profitable business in this crypto platform.