Purchasing DeFi Yield Protocol (DYP) on the Binance platform
Binance is among the world’s most reputed trading platforms.
Understanding how to buy DeFi Yield Protocol (DYP) is vital in case you want to get started on trading on that platform.
This article is intended to guide you about how to purchase DeFi Yield Protocol (DYP) on the Binance DeFi Yield Protocol (DYP) exchange.
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Discover how to register on Binance
The only way to start operating within Binance is subscribing to it.
Simply follow each of the steps below.
Navigate to the Binance homepage and click on the "Register" key.
Here you have the direct link to Binance.
At this point click on the "Register with a phone or email" button.
The Binance platform is totally compatible with Apple devices as well.
For the purpose of this post, the email address subscription process will be explained.
- From the drop-down list of countries, select the one you reside.
- Now the crucial part: password. Define a string of characters strange enough not to be easily deducted. Don’t use your name, birth date or things like that. Be well aware that it’s your cash what will have to be secured by that password
- Mark whether you wish to receive information and news directly from Binance in your inbox. Accept the "Terms of Service" and press "Create Account"
See the inbox at the e-mail address you indicate at registration and search the activation code exclusive of your Binance account. Type it in the corresponding box and press "Send"
Finally, your Binance enrollment is active.
Now you may enter the Binance platform and observe all the options it offers.
That’s the best way to realize how practical the Binance platform is, and how fast you can begin operating with DeFi Yield Protocol (DYP).
The identity verification is a required step you have to fulfill to have access to all those options.
Please, take into account that it will be only after you have completed this security step that you’ll be able to start operating with DeFi Yield Protocol (DYP).
No big deal, though. Continue reading through the next paragraphs to complete that step.
Verify your Binance account to begin trading
These are the guidelines to verify your Binance account and get the permission to begin trading:
From the user profile menu, select "Security"
Or just look for the "Verify" button on the top of the screen
Locate the option "Identification" on the left side of the navigator window.
Country of residence must be selected here.
Now, the three levels of verification:
- The current one.
- The Verified.
- The Verified Plus.
will be shown on your navigator window.
Begin by pressing "Start now" located near the "Verified" level.
A pop-up window will appear, and there you’ll be required to provide your personal data: Nationality, first name and surname, middle name and date of birth. Besides, make sure you provide the exact address of your residence
Next, you’ll have to to show a legal document to corroborate your identity.
passport, ID card or even a driver’s license will be enough to complete this condition.
Now the system will ask you to take a selfie under certain conditions.
The last step will be carried out by the Binance platform: a verification process that will take only a short time.
Now you have to wait until your profile has been approved. Be patient, the system will send you an e-mail.
Upon receiving that email it’s time to purchase DeFi Yield Protocol (DYP), just see the instructions below.
Buying DeFi Yield Protocol (DYP) on Binance
So, account approved was all you needed to begin buying DeFi Yield Protocol (DYP) right now.
Take a time to figure out how to make a purchase of DeFi Yield Protocol (DYP).
Next, you’ll have to to provide a legal document to check your identity.
Use your passport, ID card or even your driver’s license to complete this step.
Now, you will have to take a selfie, following the application’s requirements.
Once those requisites have been completed, the Binance platform will do a verification process on your account.
Now you have to wait until your request has been accepted. Be patient, Binance will send you an email.
Congrats! Once you’ve got the confirmation you’re officially authorized to buy DeFi Yield Protocol (DYP). The following guidelines will be helpful.
Learn to purchase DeFi Yield Protocol (DYP) on Binance
Now that you have subscribed to the platform and have your account approved, you’re able to begin trading.
The first step is to learn how to convert money into DeFi Yield Protocol (DYP).
You will probably have more than one option throughout the process
To find out which alternatives you have when making a purchase, browse through the "Buy cryptos" menu on the Binance main page.
Obviously, you’ll only be able to do this after you’ve logged in
Find all the different buying options just by placing your mouse over this button.
Here, the Binance platform will ask you to use a legal document for identity verification.
passport, ID card or even a driver’s license will be enough to fulfill this condition.
Now, you will be asked to take a selfie, according to the platform’s instructions.
After you have completed the system’s guidelines, you will have to wait a moment while your account is verified.
Once your application has been approved, the system is going to send you an e-mail, just be patient.
Upon receiving that email it’s time to acquire DeFi Yield Protocol (DYP), just follow the guidelines below.
Purchasing DeFi Yield Protocol (DYP) on Binance
Since you have registered on the Binance platform and have your account verified, you’re OK to begin trading.
Learning how to make a purchase of DeFi Yield Protocol (DYP) is actually quite easy.
Some steps may have alternative paths
To find out which options are available to you when buying, browse through the "Buy cryptos" menu on the Binance main page.
Obviously, you’ll only be able to do this after you’ve logged in
See all the different buying options just by placing your mouse over this button.
Using your debit or credit card to buy cryptos
Select the credit card-related option from the "Buy Cryptos" drop-down menu.
After that, just stick to the following guidelines:
Currency preferred and how much you will invest should be indicated here.
In the second field you must choose the DeFi Yield Protocol (DYP) you would like to buy
The number of DeFi Yield Protocol (DYP) you will get will depend upon the amount of USD you have recently stated. The Binance platform will automatically show it to you.
Read on for further directions:
In the next box, choose the currency you want to buy with and enter how much you are going to invest.
Next, pick the DeFi Yield Protocol (DYP) you are going to purchase
When you do so, the platform will immediately display the number of DeFi Yield Protocol (DYP) you’ll receive, according the amount of USD you have just defined.
Click on "Continue".
If you’re going to pay with a credit card, pick in the "Visa/Mastercard" box the button "Add card".
Then the system will ask you to enter your card data.
In this step you must state the physical address details of the CC. After this, select "Add card".
With this, your credit card will be added to the valid methods of payment in your user profile. Click "Continue".
The platform will now show you the synthesis of the buying order you are creating. The sum you will pay in the currency you’ve chosen, and the DeFi Yield Protocol (DYP) you will get.
Another important detail in this snapshot is the percentage you’ll be charged as a commision for making the purchase.
You have 60 seconds to press "Confirm", otherwise the order will be automatically aborted.
The following step must be carried out on the credit card bank webpage. Then you will complete a standard online payment using your credit card.
You may check your Binance e-wallet (referred to as the «Spot Wallet») once the banking process is complete to see your recently bought DeFi Yield Protocol (DYP) already there
Buy DeFi Yield Protocol (DYP) with Binance P2P
You could buy DeFi Yield Protocol (DYP) not only by means of a direct purchase, but exchanging them «Person To Person»
with another Binance subscriber as well. You should specify the payment method you would want to apply first.
The system will now display the details of the purchase order you are about to complete. The sum you will pay in the currency you’ve selected, and the DeFi Yield Protocol (DYP) you will get.
Another detail of relevance in this overview is the amount you’ll be charged as a commision for making the purchase.
Now you have to acknowledge the order clicking on the "Confirm" button during the next 60 seconds, or it will be automatically canceled.
The following step must be carried out on the credit card bank platform. Proceed exactly as you do when making a payment using your credit card on the bank website.
You can check your Binance digital wallet (referred to as the «Spot Wallet») when the banking procedure is complete to see your recently bought DeFi Yield Protocol (DYP) already there
Purchase DeFi Yield Protocol (DYP) via Binance P2P
This means «Person To Person», i.e.: trading DeFi Yield Protocol (DYP)
with another Binance trader. You should specify which payment method you want to use first.
- Go to your account and choose "Security".
- In the list on the left-hand side select "Payment".
- As soon as the "Add a Payment Method" option is chosen the Binance platform will guide you through the rest of the process.
After you finished configuring the new payment method to your profile, go to the "Buy Crypto" menu (top part of the display), select the "Trading P2P" button, and follow the directions below:
- On the upper bar of the "P2P Account" menu, pick "Buy"
- All the DeFi Yield Protocol (DYP) available for purchase via P2P operations will be displayed in this list, so you will be able to select the one you’re interested in. As for this example, we present «USDT».Note that any DeFi Yield Protocol (DYP) purchased via P2P trading is allowed to be exchanged by any of the currencies approved by Binance.
- Locate the "Fiat" column on the top menu and deploy the drop-down menu to see all valid currencies. Let’s use «VES» in this example.
- In the "Amount" box, type the sum in VES you would like to invest.
- After you’ve indicated the method of payment, the Binance platform will show you a register of traders’ offers.
- From the list displayed list, you may choose any of the sellers. Although it is recommendable to choose one with the «Verified» mark and better if a high percentage of completed sales is displayed.
- Next select "Buy USDT"
- Type the amount in VES you wish to pay
- Again, click on "Buy USDT"
- Now an order has been opened and the trader and you will be in touch. Complete the payment, click on "Transferred, Next", then press "Confirm". Notice that there’s a time limit for you to make the payment.
How to transfer your DeFi Yield Protocol (DYP) to the Spot Wallet
The trader, upon confirming payment reception, will instantly release the DeFi Yield Protocol (DYP).
The place where DeFi Yield Protocol (DYP) are transferred to is your account wallet.
Nonetheless, you will need to transfer them to your Spot Wallet in order for you to purchase another crypto.
You can move them immediately right after the buying order is completed just by clicking "Transfer to Spot Wallet".
This DeFi Yield Protocol (DYP) internal movement can be performed anytime later.
How to transfer your DeFi Yield Protocol (DYP) to the Spot Wallet
Once you have completed a payment to the trader, they will be able to release the DeFi Yield Protocol (DYP), just by confirming invoice of the payment.
The default place where DeFi Yield Protocol (DYP) are transferred to is your account wallet.
Although, in case you want to buy another DeFi Yield Protocol (DYP), you will have to send them to your Spot Wallet.
You can move them immediately right after the purchase order has been completed just by clicking "Transfer to Spot Wallet".
Should you forget to follow this step right after the purchase, there’s nothing to worry about: you’ll always be able to do it later.
- Select "Wallet Funds" from the "Wallet" drop-down list.
- The "Transfer" option is located at the top right. Press it.
- Configure the «From» and «To» options on the pop-up window to:
- From: Funds
- To: Fiat and Spot
- Select the currency in which you have funds, in the example right here we use «USDT»
- Input the cryptos you are sending for the Exchange and click "Confirm".
With these money already in your Spot Wallet, nothing keeps you from trading any crypto you think might yield the greatest profit.
Buy any cryptocurrency from the Binance platform just following the steps detailed next:
- In the upper panel, look for the "Trading" option.
- In the list choose the "Convert" option.
- Fill in the box the amount of «USDT» you wish to invest.
- Choose the cryptocurrency you would like to buy.
- Click on "Preview conversion".
- Validate the operation and that’s all. Now you will have the amount of the chosen crypto in your Spot Wallet.
That’s all! This way you will have funds in the Spot Wallet and you will be able to purchase any of the huge selection of DeFi Yield Protocol (DYP) that the Binance platform has.
Note how easy is to purchase any cryptocurrency from Binance:
- Locate the "Trading" menu in the top top section.
- From that list choose the "Convert" alternative.
- Type the sum of «USDT» you would like to invest.
- Now mark the crypto you’re about to purchase.
- Press "Preview conversion".
- Confirm the transaction and that’s all. You now will have the funds of the chosen cryptocurrency in your Spot Wallet.
Based on this information, you are now ready to start trading on the Binance platform.
Don’t wait any more and begin earning some extra money.