Purchasing Cryptocoin (CTC) on the Binance platform
No doubt one of the leading trading platforms in the world today is Binance.
Understanding how to buy Cryptocoin (CTC) is vital if you’d like to start out operating on that platform.
So, in this post we’ll supply you with all the information you need to trade with Cryptocoin (CTC) on the Binance crypto exchange.
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Understand how to register on Binance
Subscribing to the Binance platform is the initial step you need to accomplish.
Registering to the Binance platform is very easy: see the following guidelines.
Proceed to the Binance homepage and click on the "Register" option.
Here you have the direct access to Binance.
Once on the Binance platform click on the "Register with a phone or email" button.
This can also be done with any iOS tablet.
Here we’ll will describe the registration technique using an e-mail address.
- First, choose the country from the drop down list according to your place of residence.
- The next step is choosing a safety password. This is vital since it’s all about your money’s safety, so you need to invent a really robust one
- Indicate if you wish Binance to send information and news direct to your email. Accept the "Terms of Service" and press "Create Account"
You surely have received an e-mail in the address you’ve just used to create your Binance account. It will have a one-time-only activation code you will enter in the corresponding box. Then click on "Send"
That’s all! You are now and authorized subscriber of Binance.
It is a good idea to have a walk through the different areas of the Binance platform and become familiar with them.
This way you canit will be possible to begin operating with Cryptocoin (CTC) very easily.
To get access to these options, the first thing you must do is fulfill the identity checking.
It is very important to notice that unless you complete this safety step, youwon’t get permission to begin trading Cryptocoin (CTC).
In the following section, you’ll learn how to do that. Hassle-free.
How to verify your account and begin trading
These are the instructions to verify your Binance account and get authorized to begin trading:
Pick "Security" from the drop-down list under the user profile area
You can also click the "Verify" button at the top of the navigator window
Go to "Identification" on the left options list.
Country of residence is the first thing you must select.
Next you’ll will immediately find 3 verification levels:
- The one you already have.
- The Verified.
- The Verified Plus.
Click on the "Start now" button under the "Verified" label, for this is the beginning level.
Then a pop-up window will be shown and there you must write the following data:
- Nationality.
- First Name and Surname.
- Middle name and date of birth.
- Exact address of your residence.
At this point, the Binance platform will ask you to show a legal document for identity checking.
You can do this with your ID card, passport, or driver’s license.
In the next step, you will be asked to take a selfie, following the platform’s instructions.
Now you will have to wait for a short period while an account confirmation process is performed.
When your profile has been accepted, the system is going to send you an e-mail, just be patient.
The following instructions will guide you through the Cryptocoin (CTC) buying process. As soon as you’ve got the confirmation e-mail, you’re a Binance authorized Cryptocoin (CTC) trader.
Purchasing Cryptocoin (CTC) on Binance
Starting your Cryptocoin (CTC) trading career has never been so easy, right?.
First you need to figure out how to convert money into Cryptocoin (CTC).
At this point, the Binance platform will ask you to present a legal document for identity corroboration.
ID card, passport or even a license will be enough to complete this requirement.
Follow the system guidance to take a selfie.
Now you will have to wait for a short period while an account verification process takes place.
So, be patient, Binance is going to let you know via email as soon as your request has been accepted.
The following instructions will guide you through the Cryptocoin (CTC) trading process. As soon as you’ve received the confirmation e-mail, you’re a Binance authorized Cryptocoin (CTC) trader.
Learn to buy Cryptocoin (CTC) on Binance
Starting your Cryptocoin (CTC) trading experience has never been so simple, right?.
Learning how to buy a Cryptocoin (CTC) is actually quite easy.
You will probably find different alternatives throughout the process
See the "Buy cryptos" menu on the Binance homepage to find out which options are available to you when making a purchase.
You need to, of course, do that once you are signed into your account
See all the different purchase options just by hovering your mouse over this button.
Now you’ll have to to provide a legal document to sustain your identity.
You can do this with your passport, ID card, or license.
Follow the system requirements to take a selfie.
Now you will have to wait for a short period while an account verification process takes place.
So, be patient, Binance is going to send you an e-mail once your request has been approved.
The following instructions will guide you through the Cryptocoin (CTC) buying process. As soon as you’ve received the confirmation email, you’ve become a Binance licensed Cryptocoin (CTC) trader.
Learn to buy Cryptocoin (CTC) on Binance
Now that you are subscribed to the platform and have your account validated, you can begin trading.
In this segment you’ll discover how simple is to invest your money in Cryptocoin (CTC).
You will probably have more than one option throughout the process
The "Buy cryptos" menu on the Binance homepage should be your reference at buying time.
You need to, of course, do that after you’ve signed into your account
Placing your mouse pointer over this option will display a list of alternatives for making your purchase.
Learn how to use your debit or credit card to purchase cryptos
Pick the credit card-related option from the "Buy Cryptos" drop-down menu.
Read on for further directions:
Currency to be used and amount of the investment should be stated here.
Next, select the Cryptocoin (CTC) you’re going to purchase
The quantity of Cryptocoin (CTC) you’ll be given will depend upon the amount of USD you have just stated. The Binance platform will automatically display it.
Read on for further instructions:
Now you must select the currency you’d like to use and enter the amount you are going to invest.
The the Cryptocoin (CTC) you would like to purchase must be picked from the second field
Considering the amount of USD you have just invested, the system will automatically show you the number of Cryptocoin (CTC) you’ll receive.
Next click "Continue".
In case you are going to pay with your credit card, go to the "Visa/Mastercard" field and click on the "Add card" option.
Type your credit card data and click "Next".
Your credit card’s address must be specified next. Try not to mistype a single character, since you must enter it exactly as it is, otherwise the card won’t be accepted. Then choose "Add card".
When you see your card has been included, click on "Continue".
The next screen will display a snapshot of the operation about to be completed. That includes the amount your card will be charged, the chosen currency and the amount of Cryptocoin (CTC) you will receive.
It will also let you know the commission you will have to pay for the transaction.
Within the next 60 seconds click on "Confirm", and then the order will expire automatically.
The following step must be done on the credit card banking webpage. Follow the steps in the same way you would normally pay with your card.
Your recently purchased Cryptocoin (CTC) will be deposited to your Binance digital wallet (called the «Spot Wallet») after the banking procedure is complete
Buy Cryptocoin (CTC) through Binance P2P
This means «Person To Person», i.e.: exchanging Cryptocoin (CTC)
with another Binance trader. In that case, you should specify which payment method you would want to use first.
The next screen will display a summary of the operation in its final stage. That includes the sum you are paying, the chosen currency and the quantity of Cryptocoin (CTC) purchased.
Certainly, Binance will claim a certain percentage as a commission for supporting the transaction, and that will appear in that overview as well.
Within the next 60 seconds press "Confirm", after that time the order will expire automatically.
The following step has to be done on the credit card banking webpage. Proceed just as you do when making a payment with your credit card on the bank website.
Once the banking procedure is complete, you’ll get your purchased Cryptocoin (CTC) in your Binance e-wallet (referred to as the «Spot Wallet»)
See how easy is how to buy Cryptocoin (CTC) via Binance P2P
That is a transaction made «Person To Person», i.e.: exchanging Cryptocoin (CTC)
with another Binance subscriber. To do this, the first step is to state which payment method you wish to work with.
- Login to the "Security" section of your profile.
- Press "Payment" from the menu on the left.
- Press the "Add a Payment Method" button and follow the system guidance.
Now that the new payment method has been added to your account, go to the upper part of the display and pass over "Buy Crypto" to drop-down the list of options and press "Trading P2P". Then see the following steps:
- Press the "Buy" option on the top bar of the "P2P Account" tab
- In this bar you’ll see the list of Cryptocoin (CTC) available for purchase through P2P trading. Choose the one you want, here we present «USDT» as an example.It is important to note that once you purchase any crypto in P2P trading, you’ll be able to exchange it for any of the currencies valid in the Binance platform.
- Locate the "Fiat" label on the upper menu and reveal the drop-down list to see all valid currencies. We’ll use «VES» in this example.
- You need to indicate the sum in VES you’d like to spend in the "Amount" box.
- You will see a list of dealers offering cryptos a little while after you have chosen the method of payment.
- Any of the sellers displayed in the list can be selected, although it is recommendable to choose a verified one (with the blue diamond badge), and even better, a high-volume seller (gold star mark).
- Next click on "Buy USDT"
- In this step, the amount you want to invest in VES must be entered
- Again, select "Buy USDT"
- Now an order has been created and you’ll be able to contact the seller. Pay, press "Transferred, Next", then press "Confirm". Be aware that there’s a limited time for you to pay.
Tips on how to transfer your Cryptocoin (CTC) to the Spot Wallet
The trader, upon confirming payment reception, will instantly release the Cryptocoin (CTC).
The place where Cryptocoin (CTC) are transferred to is your account wallet.
However, in case you want to buy any other Cryptocoin (CTC), you will have to transfer them to your Spot Wallet.
That’s quite simple: just click on "Transfer to Spot Wallet" right after the purchase order has been completed.
In case you didn’t do this, don’t worry, you can do it at any other moment.
Ways to transfer your Cryptocoin (CTC) to the Spot Wallet
After you have completed a payment to the trader, they will be able to release the Cryptocoin (CTC), just by confirming receipt of the payment.
The default place where Cryptocoin (CTC) are added to is your Binance wallet.
Take into account that your Cryptocoin (CTC) must be in your Spot Wallet in order for you to get others, so you need to transfer them there before.
That’s easy: just click on "Transfer to Spot Wallet" immediately after the buying order is completed.
If you forget to follow this step right after buying the cryptos, no problem at all: you’ll always be able to do it later.
- Place the mouse pointer upon "Wallet" and select "Wallet Funds" from the drop-down list.
- The "Transfer" button is located on the upper right area of the navigator window. Click on it.
- A new window will pop-up, where you must configure the options to:
- From: «Funds»
- To: «Fiat and Spot»
- Choose the currency in which you have funds, in the example right here we use «USDT»
- Input the amount you are moving 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 trade any of the several of Cryptocoin (CTC) within the Binance platform.
To purchase Cryptocoin (CTC) from the Binance platform all you have to do is the following:
- In the upper section, find the "Trading" option.
- From that listing select the "Convert" option.
- Input the sum of «USDT» you want to spend.
- Now indicate the crypto you’re about to purchase.
- Choose "Preview conversion".
- Confirm the operation and that’s all. Now you will have the amount of the chosen crypto in your Spot Wallet.
With these money already in your Spot Wallet, don’t fear to buy any cryptocurrency you think will be profitable.
To buy Cryptocoin (CTC) from Binance all you have to do is described below:
- Pick the "Trading" menu in the top panel.
- Select "Convert" from the list.
- Indicate the amount of «USDT» you would like to spend.
- Now mark the cryptocurrency you’re interested in.
- Press "Preview conversion".
- Confirm the transaction and that’s all. You will have the amount of the selected crypto in your Spot Wallet.
Depending on the information above, you are now ready to begin trading on the Binance platform.
Cryptos have come to stay, and Binance is a safe and comfortable place to do business. Start right now!