Learn how to purchase CryptoBay (BAY) on Binance
You can find a lot of trading platforms today on the Internet, but certainly Binance is among the most popular and innovative.
Learning how to trade with CryptoBay (BAY) is vital if you want to begin operating on that platform.
Before getting into the exciting world of crypto within the Binance platform, you will have to get acquainted with the following.
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Learn how to register on Binance
Opening a Binance account is the initial step you need to complete.
Subscribing to the platform is easy: check the following guidelines.
Search for the "Register" option in the Binance main page and click on it to begin the registration process.
You can log in directly by pressing here.
In the Binance homepage you’ll see a button labeled "Register with a phone or email". Click on it.
The Binance platform is totally compatible with iOS mobile devices as well.
For the purpose of this post, the email address subscription process will be described.
- From the drop-down list of countries, choose the one you reside.
- The next step is choosing a secure password. This is of vital importance since it’s all about your money’s safety, so you need to define a strong one
- If you want to be updated 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 just needs to be verified via email
See the inbox of the email address you utilized for registration and look for the activation code exclusive of your Binance account. Write it in the corresponding line and press "Send"
You’re now a Binance user!.
You can now enter the Binance platform and observe all the options it offers.
That’s the best way to understand how practical the Binance platform is, and how quick you can begin operating with CryptoBay (BAY).
Complete the mandatory identity checking to enable all these options.
Please, be well aware that it will be only after you have completed this safety step that you’ll get permission to begin trading CryptoBay (BAY).
In the next section, you’ll be guided about how to do it. Zero problems.
Verify your Binance account to get started trading
The following are the instructions to verify your Binance account and get authorized to begin trading:
On the main screen, place the mouse pointer on the user profile button and a list will immediately drop down where you will need to press "Security"
Another option is to move to the upper part of the screen and press the "Verify" button
Pick "Identification" on the left menu.
Now you must pick your country of residence.
The platform will show you 3 verification levels: the current one, the Verified, and the Verified Plus.
Begin by selecting "Start now" located below the "Verified" level.
A new window will pop-up, and there you’re going to give your personal info: Nationality, first name and surname, second name and date of birth. Also, make sure you provide the exact address of your residence
Here, the Binance platform will require you to present a legal document for identity corroboration.
Use your passport, ID card or even your license to complete this step.
Now, you will have to take a selfie, following the application’s guidance.
The last step is on Binance’s side: a verification process that will take only a short time.
Once your application has been accepted, you will be notified via email, just be patient.
The following instructions will guide you through the CryptoBay (BAY) buying process. As soon as you’ve got the confirmation e-mail, you’re a Binance authorized CryptoBay (BAY) trader.
Learn to buy CryptoBay (BAY) on Binance
OK, account approved means you can begin buying CryptoBay (BAY) right now.
Take a time to discover how to invest your money in CryptoBay (BAY).
At this point, 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, you will be asked to take a selfie, according to the application’s guidelines.
Once those requisites have been completed, the Binance platform will do a confirmation process on your account.
Now you have to wait until your application has been accepted. Be patient, Binance is going to let you know via e-mail.
Congrats! Once you’ve got the confirmation you’re officially authorized to buy CryptoBay (BAY). See the guidelines that follow.
Learn to purchase CryptoBay (BAY) on Binance
Beginning your CryptoBay (BAY) trading career has never been so easy, right?.
Understanding how to invest your money in CryptoBay (BAY) is not so difficult.
You will probably find different alternatives throughout the process
To find out which options are available to you when making a purchase, browse through the "Buy cryptos" menu on the Binance main page.
You will need to, of course, try this once you are logged into your account
Unveil all the different buying options just by placing your mouse over this button.
Next, you’ll need to show a legal document to sustain your identity.
ID card, passport or even a driver’s license will be enough to complete this formality.
In the next stage, you will be asked to take a selfie, following the application’s guidance.
When you have fulfilled the platform’s guidelines, you will have to wait a short time while your account is verified.
So, wait patiently, Binance will send you an email as soon as your profile has been accepted.
The following instructions will guide you through the CryptoBay (BAY) buying process. As soon as you’ve got the confirmation email, you have become a Binance authorized CryptoBay (BAY) trader.
Purchasing CryptoBay (BAY) on Binance
Since you have subscribed to the Binance platform and got your account validated, you can start trading.
First you need to learn how to convert money into CryptoBay (BAY).
Take into account that you have different alternatives for this process
Use the "Buy cryptos" menu on the Binance homepage to know which options are available to you when buying.
Needless to say you must log into your account to do this
Place your mouse over this key and a list of buying alternatives will be shown.
Buying CryptoBay (BAY) with a credit/debit card
The first thing you need to do to purchase the CryptoBay (BAY) you want using a credit card, is to pick this method from the "Buy Cryptos" drop-down menu.
The following directions will be helpful to continue the process:
In the next box, select the currency you want to buy with and type the amount you are going to invest.
The the CryptoBay (BAY) you wish to buy must be picked from the second field
The quantity of CryptoBay (BAY) you will be given will depend upon the amount of USD you have recently stated. The Binance system will automatically show it to you.
Read on for further directions:
Now you should choose the currency you wish to buy with and specify the amount you want to invest.
Next, pick the CryptoBay (BAY) you’re going to get
Once you do so, the system will immediately display the quantity of CryptoBay (BAY) you will receive, according the amount of USD you have just indicated.
Press "Continue".
To add your credit card as a payment method, go to the "Visa/Mastercard" box and press the "Add card" button.
Indicate your card details and press "Next".
In this step you must state the physical address details of the credit card. Following this, select "Add card".
Now that your card has been successfully added, click on "Continue".
The platform will now show you the synthesis of the order you are generating. The amount your card will be charged with the currency you’ve selected, and the CryptoBay (BAY) you will get.
Indeed, Binance will take a certain percentage as a commission for supporting the purchase, and that will appear in that overview as well.
You have 1 minute to click on "Confirm", otherwise the order will automatically expire.
Next, you’ll be sent towards the banking platform the credit card has been issued by. Proceed exactly as you do when making a payment with your credit card on the bank website.
Your recently bought CryptoBay (BAY) will be deposited to your Binance e-wallet (referred to as the «Spot Wallet») once the banking procedure has been completed
See how easy is how to purchase CryptoBay (BAY) through Binance P2P
An optional way to purchase crypto is to exchange it
with another subscriber. You should define which payment method you wish to work with first.
The platform will now display the summary of the purchase order you are creating. The sum your card will be charged with the currency you’ve selected, and the CryptoBay (BAY) you will be given.
Obviously, Binance will take a certain percentage as a commission for making the operation, and that will appear in that summary as well.
Now you have to acknowledge the order clicking on the "Confirm" button during the following 60 seconds, or it will be automatically canceled.
The system will now send you to the bank issuing the credit card. Follow the instructions in the same way you would pay with your card.
As soon as the banking procedure is complete, you are already in possession of the recently bought CryptoBay (BAY) in your Binance digital wallet (referred to as the «Spot Wallet»)
Learn how to purchase CryptoBay (BAY) through Binance P2P
You could get CryptoBay (BAY) not only by means of a direct purchase, but exchanging them «Person To Person»
with another Binance subscriber as well. To accomplish this, the first step is to state which payment method you wish to make use of.
- Go to "Security" in your account.
- Look for the "Payment" option in the menu you’ll see from the menu on the left and click on it.
- After Selecting "Add a Payment Method" the platform will guide you through the rest of the process.
Once the new method of payment has been added to your profile, locate the "Buy Crypto" menu on the upper bar of the navigator, click the "Trading P2P" button and follow the instructions described below:
- Click on the "Buy" button on the upper bar of the "P2P Account" tab
- In this bar you will find all the CryptoBay (BAY) available for buying through P2P trading. Select the one you would like to buy, for this exercise we present «USDT» as an example.It is important to note that when you buy one of these cryptocurrencies via P2P trading, you’ll be able to exchange it for any of the currencies valid in the Binance platform.
- It is time to choose the local currency you want to make the payment with, for instance, «VES». Simply, see the drop-down list under the "Fiat" column.
- You must type the amount in VES you’d like to invest in the "Amount" box.
- Once you’ve indicated the method of payment, the Binance platform will display a register of dealers’ offers.
- Locate a seller from the list shown. We suggest that you pick one that is verified and has a high completed sales rate.
- Press "Buy USDT"
- Now the amount you would like to invest in VES must be input
- Again, click on "Buy USDT"
- A buying order has been generated and the seller and you will be able to contact each other for details, in case you need it. You have a time limit to make the payment, if you fail doing so the order will be canceled by the system (something not good for your rating as a buyer). Once you paid, click on "Transferred, Next", then press "Confirm".
Ways to transfer your CryptoBay (BAY) to the Spot Wallet
The trader, upon receiving your payment, will immediately release the CryptoBay (BAY).
You may verify your wallet Binance balance to confirm reception.
Although, in order for you to get another CryptoBay (BAY), you need to move them to your Spot Wallet.
To get this done, you only need to click on "Transfer to Spot Wallet" immediately after the buying order has been completed.
In the event you didn’t follow this step, don’t worry, you can do it later.
Tips on how to transfer your CryptoBay (BAY) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as payment reception validation has been done.
The default place where CryptoBay (BAY) are deposited is your Binance wallet.
Nonetheless, you will have to move them to your Spot Wallet in order for you to buy another crypto.
You can do this immediately immediately after the purchase order has been completed just by clicking "Transfer to Spot Wallet".
This CryptoBay (BAY) internal movement can be done whenever you need.
- Drop the "Wallet" list down and click on the "Wallet Funds" option.
- Next press "Transfer" button on the upper right area of the navigator window.
- A pop-up window will open, where you must set the options to:
- From: «Funds»
- To: «Fiat and Spot»
- Select the currency in which you have money, in the example here we use «USDT»
- Enter the amount you are moving to the spot walet and click "Confirm".
Perfect! Now you have money available to purchase any of the huge selection of CryptoBay (BAY) in the Binance platform.
Buy any crypto from the Binance platform just following the steps described below:
- Find the "Trading" option in the top upper section.
- From the list choose the "Convert" option.
- Type the amount of «USDT» you want to invest.
- Choose the cryptocurrency you wish to purchase.
- Press "Preview conversion".
- Validate the transaction and that’s all. You now will have the funds of the chosen cryptocurrency in your Spot Wallet.
All right! Now you have funds available to buy any of the several CryptoBay (BAY) in the Binance platform.
Buy any cryptocurrency from the Binance platform just following the instructions described next:
- Locate the "Trading" menu in the top top section.
- Press "Convert" from the list.
- Type the amount of «USDT» you wish to spend.
- Now indicate the crypto you’re about to purchase.
- Select "Preview conversion".
- Confirm the transaction and that’s it. You now will have the funds of the chosen cryptocurrency in your Spot Wallet.
You’ve already learned how easy is to commence doing business with CryptoBay (BAY) on Binance.
Don’t wait any more and start earning some extra money.