How to purchase Defi For You (DFY) on Binance
Undoubtedly one of the top trading platforms in the world nowadays is Binance.
But if you wish to begin trading on it, the first thing you must do is to discover how to purchase Defi For You (DFY).
That’s why on this page we will bring you all the information you should have to purchase Defi For You (DFY) on the Binance cryptocurrency exchange.
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Discover ways to register on Binance
To be able to buy Defi For You (DFY) on Binance, one thing you must know indeed is how to register.
Simply follow each one of the steps below.
On the Binance homepage you must locate the "Register" option and click on it.
You have the direct access here.
Look for the "Register with a phone or email" button in the main page and press it.
iOS phones or tablets can be used to do this as well.
In this article, we’ll will describe how to do this using an email address.
- In the window you’ll immediately see, pick your country of residence from the drop-down list.
- The next step is choosing a secure password. This is of vital importance since it’s all about your money, so you must to define a strong one
- Mark whether you wish Binance to send news and information direct to your e-mail. Accept the "Terms of Service" and click on "Create Account"
Binance will automatically send an activation password (remember: this is NOT the password you’ve created) that you’ll enter it in the corresponding line, then press "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 trading Defi For You (DFY) very easily.
The identity verification is a mandatory step you must fulfill to have access to all these options.
It is very important to notice that unless you fulfill this security measure, youwon’t be authorized to start trading Defi For You (DFY).
In the following section, you’ll be guided about how to do it. Zero problems.
How to verify your Binance account and put hands on trading
These are the steps to verify your Binance account and get authorized to begin operating:
On the main page, hover the mouse on the user profile menu and a list will immediately show up where you will have to click on "Security"
Or simply look for the "Verify" button on the upper part of the navigator window
In the list displayed on the left-hand part of the navigator window, click on the "Identification" option.
Country of residence is the first thing you must choose.
Next, the 3 verification levels:
- The current one.
- The Verified.
- The Verified Plus.
will be displayed on screen.
Here you must choose "Verified", pressing the "Start now" button below it.
In this step, the subscriber is asked to give some personal data:
- Nationality.
- First Name and Last name.
- Second name and birth date.
- Residence address (exact).
- Second name and date of birth.
- Middle name and birth date.
Now you’ll have to to provide a legal document to support your identity.
You can do this with your ID card, passport, or license.
In the next stage, you will have to take a selfie, following the platform’s requirements.
Now you will have to wait for a short period while an account verification process is performed.
Now be patient, Binance will send you an e-mail once your profile has been accepted.
The following instructions will guide you through the Defi For You (DFY) trading process. As soon as you’ve got the confirmation e-mail, you’re a Binance licensed Defi For You (DFY) trader.
Purchasing Defi For You (DFY) on Binance
Since you have subscribed to the platform and got your account confirmed, you can begin trading.
Understanding how to convert cash into Defi For You (DFY) is actually quite easy.
It is time to support your identity using a legal document.
You can do this by using your ID card, passport, or license.
Now, you will have to take a selfie, following the platform’s guidance.
When you have completed the platform’s guidelines, you’ll have to wait a short while for the verification to be performed on your account.
All you have to do is be patient, Binance is going to let you know via email as soon as your profile has been accepted.
The following instructions will guide you through the Defi For You (DFY) trading process. As soon as you’ve got the confirmation email, you’ve become a Binance authorized Defi For You (DFY) trader.
Purchasing Defi For You (DFY) on Binance
All right, account validated was all you needed to begin buying Defi For You (DFY) immediately.
Understanding how to invest your money in Defi For You (DFY) is not so difficult.
You may find different options throughout the process
To find out which options you have when buying, look for the "Buy cryptos" menu on the Binance homepage.
Certainly, you’ll only be able to do this once you are logged in
Move your mouse over this key and a list of buying alternatives will deploy.
Here, the Binance platform will require you to present a legal document for identity verification.
ID card, passport or even a driver’s license will be enough to complete this condition.
In the next stage, you will have to take a selfie, following the application’s requirements.
After you have completed the platform’s requisites, you will have to wait a short while for the verification to be applied to your account.
Now you have to wait until your profile has been approved. Be patient, the system is going to let you know via e-mail.
After that, it’s time to purchase Defi For You (DFY), just follow the instructions below.
Purchasing Defi For You (DFY) on Binance
Now that you have registered on the Binance platform and got your account verified, you can begin trading.
Learning how to make a purchase of Defi For You (DFY) is not that hard.
You may have different alternatives throughout the process
Look for the "Buy cryptos" menu on the Binance main page to find out which options can be found when making a purchase.
You have to, of course, try this after you’ve signed into your account
Hovering your mouse pointer over this key will display a list of alternatives to make your purchase.
Buying Defi For You (DFY) with a credit/debit card
Pick the credit card-related option from the drop-down list labeled "Buy Cryptos".
Read on for further directions:
Now you must choose the currency you wish to buy with and specify how much you are going to invest.
In the next field you must choose the Defi For You (DFY) you intend to purchase
Once you do so, the system will immediately show you the number of Defi For You (DFY) you’ll receive, according the amount of USD you’ve just stated.
These directions will help you in the process:
In the next box, choose the currency you want to use and type the amount you want to invest.
In the next field you must select the Defi For You (DFY) you would like to buy
The quantity of Defi For You (DFY) you are going to receive will depend upon the amount of USD you’ve just specified. The Binance system will automatically display it.
Press "Continue".
Now it’s time to define your method of payment. To pay with a credit card, pick in the "Visa/Mastercard" box the option "Add card".
CC numbers must be completed in this step, then press "Next".
In this step you must specify the physical address details of the card. Following this, select "Add card".
Press "Continue" once you notice your card has been successfully added to your account as a new method of payment.
Next, all the relevant details of the operation will be presented: the amount to be charged on your credit card and the corresponding currency, and of course, the cryptos you will get.
Another detail of relevance in this overview is the amount you’ll be charged as a commision for making the transaction.
You have 1 minute to press "Confirm", otherwise the order will automatically expire.
The platform will now reroute you to the bank issuing the credit card. Proceed just as you usually do when making a standard on-line credit card payment.
As soon as the banking procedure is complete, you will have your purchased Defi For You (DFY) in your Binance digital wallet (referred to as the «Spot Wallet»)
Purchase Defi For You (DFY) with Binance P2P
A different way to purchase a cryptocurrency is to trade it
with another subscriber. To do this, the first step is to indicate the payment method you would want to apply.
Next, all the relevant details of the operation will be displayed: the sum you are paying and the corresponding currency, and of course, the cryptos you are going to get.
Certainly, Binance will charge you a small amount as a commission for making the operation, and it will appear in that summary as well.
You have 60 seconds to press "Confirm", otherwise the order will be automatically aborted.
After this, you will be sent to the bank platform the credit card belongs to. Proceed just as you usually do when making a payment with your card on the bank website.
Your recently purchased Defi For You (DFY) will be available in your Binance digital wallet (referred to as the «Spot Wallet») when the banking process is complete
See how easy is how to purchase Defi For You (DFY) with Binance P2P
Another option you have to buy crypto is to exchange it
with another user. In that case, you should indicate which payment method you want to apply first.
- Go to your profile and press "Security".
- Click on "Payment" on the left-hand side of the screen.
- Once the "Add a Payment Method" button is pressed the system will guide you through the rest of the process.
After you have included the new method of payment to your profile, move to the "Buy Crypto" menu (upper part of the display), select the "Trading P2P" button, and follow the guidance below:
- On the upper bar of the "P2P Account" tab, choose "Buy"
- Here you can select the Defi For You (DFY) you’re interested in, among all those available for buying through P2P trading. We use «USDT» for this example.It is important to note that once you buy one of these cryptocurrencies via P2P trading, you’ll be able to exchange it for any of the currencies that operate on the Binance platform.
- Choose the currency you want to pay with from the drop-down menu under the "Fiat" label, for instance, «VES».
- In the "Amount" box, enter the amount in VES you intend to buy with.
- You will see a list of dealers offering cryptos as soon as you select the method of payment.
- Any of the sellers displayed in the list can be chosen, although it is advisable to select a verified one (with the blue diamond marking), and even better, a high-volume seller (golden star marking).
- Next click on "Buy USDT"
- Enter the amount in VES you want to pay
- Press "Buy USDT" again
- Now a purchase order has been created and you’ll be able to contact the seller. Make the payment, press "Transferred, Next", then press "Confirm". Note that there’s a time limit for you to make the payment.
How you can transfer your Defi For You (DFY) to the Spot Wallet
Cryptocurrencies will be released by the seller as soon as payment reception validation has been done.
The default place where Defi For You (DFY) are transferred to is your account wallet.
However, in case you want to purchase any other Defi For You (DFY), you will need to transfer them to your Spot Wallet.
To do this, all you have to do is press "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 do it at any other moment.
Learn how to transfer your Defi For You (DFY) to the Spot Wallet
Once you have made a payment to the trader, they will be able to release the Defi For You (DFY), just by confirming payment reception.
So, they will immediately be deposited into your wallet.
Nonetheless, you will need to transfer them to your Spot Wallet in order for you to get any other cryptocurrency.
That’s quite simple: just click on "Transfer to Spot Wallet" once the purchase order has been completed.
This Defi For You (DFY) internal movement can be performed whenever you need.
- Drop the "Wallet" menu down and select the "Wallet Funds" option.
- See the "Transfer" button at the top right and press it.
- A new window will pop-up, where you must change the options to:
- From: Funds
- To: Fiat and Spot
- For The purpose of this article, we use «USDT» as an example, but you’ll obviously select the currency you have
- Type the amount you are transferring to the spot walet and click "Confirm".
With these money already in your Spot Wallet, don’t fear to buy any cryptocurrency you believe could yield the highest profit.
Buy any cryptocurrency from the Binance platform just following the steps detailed next:
- Pick the "Trading" option in the top panel.
- Press "Convert" from the list.
- Fill in the box the sum of «USDT» you want to invest.
- Select the crypto you would like to purchase.
- Select "Preview conversion".
- Confirm the transaction and that’s all. 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 trade any cryptocurrency you believe will yield the greatest profit.
Find out how easy is to purchase any crypto from the Binance platform:
- In the top panel, select the "Trading" menu.
- Pick "Convert" from the list.
- Enter the sum of «USDT» you would like to invest.
- Now indicate the crypto you’re about to buy.
- Click on "Preview conversion".
- Confirm the operation and that’s it. Now you will have the amount of the chosen cryptocurrency in your Spot Wallet.
Depending on the above mentioned information, you are now ready to begin trading on Binance.
Don’t wait any more and start earning an extra income.