How to purchase Effect Network (EFX) on Binance
Binance could be considered one of the world’s top-notch trading platforms.
Learning how to buy Effect Network (EFX) is vital if you’ would like to start out operating on that platform.
That’s why in this post we’ll provide you with all the information you should have to buy Effect Network (EFX) on the Binance cryptocurrency exchange.
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Learn how to register on Binance
Subscribing to the Binance platform is the initial step you need to accomplish.
Quick and easy registration: just follow the detailed guidelines below.
Proceed to the Binance homepage and click on the "Register" option.
You have the direct access here.
Once on the Binance platform press the "Register with a phone or email" button.
The Binance platform is totally compatible with Apple devices as well.
In this post, we’ll will explain how to register with an email.
- From the drop-down list of countries, pick the one you reside.
- Now, enter your e-mail address and a keycode. Be well aware that you are going to trade your money, so you must give importance to the password you set up
- Here you must accept "Terms of Service" and, if you wish to receive information, news and updates from Binance in your email address, check in the corresponding box
By now, you surely have received an email sent to the address you’ve just used for registering on the Binance platform. In its text you’ll find a one-time-only activation password you will enter in the corresponding box. Then press "Send"
You’re now a Binance user!.
You can now enter the Binance platform and observe all the options it has to offer.
That’s the best way to know how friendly the Binance platform is, and how quick you can begin operating with Effect Network (EFX).
The ID verification is a mandatory step you have to fulfill to have access to all these options.
Please, be well aware that it will be only after you have fulfilled this security measure that you’ll get permission to start trading Effect Network (EFX).
In the following section, you’ll be guided on how to do it. Hassle-free.
Verify your Binance account to start trading
See the following instructions and become an authorized subscriber:
Pick "Security" from the drop-down list under the user profile area
You can also press "Verify" button on the upper part of the navigator window
Locate the option "Identification" on the left side of the navigator window.
Choose the Country of Residence.
Here you’ll will immediately see three verification levels:
- The one you already have.
- The Verified.
- The Verified Plus.
Press the "Start now" button below the "Verified" label, for this is the beginning level.
A pop-up window will appear, and there you’re going to give your personal data: Nationality, first name and last name, second name and birth date. Also, make sure you provide the exact address of your residence
Here, the Binance platform will require you to use a legal document for identity checking.
ID card, passport or even a driver’s license are all valid documents to fulfill this formality.
Follow the system guidance to take a selfie.
When you have completed the platform’s guidelines, you’ll have to wait a moment for the confirmation to be applied to your account.
As soon as your request has been approved, you’ll be informed via e-mail, just be patient.
Congratulations! As soon as you’ve received the confirmation you’re officially authorized to operate with Effect Network (EFX). The following instructions will be helpful.
Buying Effect Network (EFX) on Binance
All right, account validated was all you needed to begin purchasing Effect Network (EFX) immediately.
Understanding how to buy a Effect Network (EFX) is actually quite easy.
It is time to support your identity using a legal document.
passport, ID card or even a driver’s license will be enough to complete this requirement.
Now the system will ask you to take a selfie under certain conditions.
The final step is on Binance’s side: a corroboration process that will just take a while.
All you have to do is be patient, Binance will let you know via e-mail when your request has been approved.
Upon receiving that e-mail it’s time to get Effect Network (EFX), just follow the instructions below.
Purchasing Effect Network (EFX) on Binance
Beginning your Effect Network (EFX) trading adventure has never been so easy, right?.
The first thing is to understand how to invest your money in Effect Network (EFX).
Some steps might have optional paths
Browse through the "Buy cryptos" menu on the Binance homepage to know which alternatives you have when buying.
You must, of course, try this after you’ve signed into your account
Find all the different purchase options just by hovering your mouse over this button.
Here, the Binance platform will require you to show a legal document for identity corroboration.
Use your passport, ID card or even your license to complete this step.
Follow the system guidance to take a selfie.
Now you will have to wait for a short time while an account confirmation process is performed.
So, be patient, Binance will send you an e-mail as soon as your profile has been accepted.
The following instructions will guide you through the Effect Network (EFX) buying process. As soon as you’ve received the confirmation email, you’ve become a Binance authorized Effect Network (EFX) trader.
Purchasing Effect Network (EFX) on Binance
All right, account validated means you can begin buying Effect Network (EFX) right now.
Learning how to buy a Effect Network (EFX) is actually quite easy.
Some steps may have optional paths
To find out which alternatives are available to you when making a purchase, look for the "Buy cryptos" menu on the Binance homepage.
Needless to say you must be logged into your account to do this
See all the different purchase options just by placing your mouse over this button.
Using your debit or credit card for buying cryptos
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
After that, just adhere to the following directions:
In the next box, pick the currency you want to use and specify the amount you are going to invest.
Next, choose the Effect Network (EFX) you’re going to buy
When you do so, the platform will automatically display the number of Effect Network (EFX) you will be given, according the amount of USD you have just specified.
The following instructions will help you in the process:
Currency preferred and how much to invest must be specified here.
The the Effect Network (EFX) you wish to buy should be chosen from the second field
Depending on the amount of USD you have previously defined, the system will automatically display the number of Effect Network (EFX) you are going to get.
Next click "Continue".
If you’re going to pay with a credit card, pick in the "Visa/Mastercard" field the option "Add card".
Enter your credit card numbers and press "Next".
In this step you must state the physical address details of the credit card. After this, select "Add card".
Press "Continue" after you notice your card has been successfully included in your account as a new payment method.
The platform will now show you the details of the buying order you are about to complete. The amount your card will be charged with the currency you have chosen, and the Effect Network (EFX) you will receive.
Certainly, Binance will charge you a small amount as a commission for making the purchase, and that will appear in that summary as well.
In less than 1 minute click on "Confirm", after that time the order will be automatically canceled.
The next step has to be carried out on the credit card bank platform. There you would complete a standard on-line payment using your credit card.
You may take a look at your Binance e-wallet (referred to as the «Spot Wallet») once the banking procedure is complete to see your recently purchased Effect Network (EFX) already there
Learn how to purchase Effect Network (EFX) with Binance P2P
That is a transaction made «Person To Person», i.e.: trading Effect Network (EFX)
with another Binance subscriber. To accomplish this, the first step is to define which payment method you want to apply.
Next, all the relevant details of the operation will be displayed: the amount to be charged on your credit card and the corresponding currency, and obviously, the cryptos you are going to get.
It will also let you know the commission will be charged for the transaction.
In less than 1 minute press "Confirm", from then on the order will be automatically canceled.
The Binance platform will now redirect you to the bank issuing the credit card. Then you will complete a normal online payment using your credit card.
You may take a look at your Binance digital wallet (called the «Spot Wallet») as soon as the banking process has been done and you’ll see your recently bought Effect Network (EFX) already there
See how easy is how to buy Effect Network (EFX) via Binance P2P
You can buy Effect Network (EFX) not only via a direct purchase, but exchanging them «Person To Person»
with another Binance trader too. To achieve this, the first step is to define which payment method you would want to work with.
- Go to your account and select "Security".
- Look for the "Payment" option in the menu you’ll see on the left-hand side of the screen and click on it.
- Click the "Add a Payment Method" button and follow the platform directions.
Now that the new method of payment has been configured in your profile, go to the top bar of the navigator and hover on "Buy Crypto" to drop-down the list of options and click on "Trading P2P". Then see the following instructions:
- Click on the "Buy" option located on the top bar of the "P2P Account" menu
- In this bar you’ll find all the Effect Network (EFX) available for purchase through P2P operations. Select the one you would like to buy, in our case we present «USDT» as an example.Any Effect Network (EFX) purchased through P2P trading could be exchanged by any of the foreign currencies available on Binance.
- It is time to choose the currency you want to use, for example, «VES». Simply, see the drop-down menu under the "Fiat" label.
- Now you need to input the sum in VES you’re going to invest in the "Amount" box.
- Once you have indicated the payment method, the system will display a list of traders’ offers.
- Any of the traders shown in the list can be selected, but it is recommendable to select a verified one (with the blue diamond badge), and even better, a high-volume seller (gold star marking).
- Press "Buy USDT"
- Type the amount in VES you would like to invest
- Select "Buy USDT" again
- A purchase order has been generated and the seller and you will be able to contact each other for further details, if needed. You have a time limit to pay, if you fail doing so the order will be canceled by the platform (and that’s not good for your rating as a buyer). Once you have paid, press "Transferred, Next", then press "Confirm".
How you can transfer your Effect Network (EFX) to the Spot Wallet
After you have made a payment to the seller, they will be able to release the Effect Network (EFX), by confirming invoice of the payment.
The place where Effect Network (EFX) are added to is your account wallet.
NB: you will need to move them to your Spot Wallet in case you would want to get any other cryptocurrency.
You can move them immediately right after the purchase order has been completed just by clicking "Transfer to Spot Wallet".
In case you didn’t do this, don’t get worried, you can do it at any other moment.
Learn how to transfer your Effect Network (EFX) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as payment reception acknowledge has been done.
This way, they will instantly be deposited into your wallet.
Nonetheless, you need to move them to your Spot Wallet in case you would want to get another cryptocurrency.
You can do this immediately once the buying order is completed just by clicking "Transfer to Spot Wallet".
This Effect Network (EFX) internal transfer can be carried out anytime later.
- Select "Wallet Funds" from the "Wallet" drop-down list.
- The "Transfer" button is located at the top right. Click on it.
- Change the «From» and «To» options on the pop-up window to:
- From: Funds
- To: Fiat and Spot
- Select the currency corresponding to the funds you have in the platform, in this example we’ll use «USDT»
- Enter the amount you are moving to the spot walet and click "Confirm".
All right! Now you have money available to purchase any of the several Effect Network (EFX) in the Binance platform.
To buy Effect Network (EFX) from Binance all you have to do is described below:
- Pick the "Trading" menu in the upper section.
- From that list select the "Convert" option.
- Fill in the box the amount of «USDT» you wish to spend.
- Choose the cryptocurrency you intend to buy.
- Press "Preview conversion".
- Validate the transaction and that’s it. Now you will have the funds of the selected cryptocurrency in your Spot Wallet.
That’s all! Now you will have funds in the Spot Wallet and you will be able to buy any of the huge selection of Effect Network (EFX) that the Binance platform has.
To purchase Effect Network (EFX) from Binance all you have to do is described below:
- Look for the "Trading" option in the top upper section.
- From the listing select the "Convert" option.
- Fill in the box the amount of «USDT» you wish to spend.
- Now indicate the cryptocurrency you’re about to buy.
- Choose "Preview conversion".
- Confirm the transaction and that’s all. You now will have the funds of the selected cryptocurrency in your Spot Wallet.
Depending on the above mentioned information, you are now ready to start out trading on the Binance platform.
Cryptos have come to stay, and Binance is a secure and friendly site to do business. Start right now!