How to buy Etherlite (ETL) on Binance
No doubt one of the top trading platforms in the world nowadays is Binance.
But if you wish to start operating on it, the first thing you must do is to figure out how to buy Etherlite (ETL).
Prior to entering the alluring realm of crypto on the Binance platform, you will have to know the following.
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Discover ways to register on Binance
Subscribing to the Binance platform is the initial step you need to complete.
Quick and easy registration: just follow the guidelines listed below.
On the Binance homepage you must locate the "Register" option and click on it.
You have the direct link here.
In the Binance homepage you’ll find a button with the label "Register with a phone or email". Press it.
iOS devices can be used to do this as well.
Here we’ll will describe the subscription process using an e-mail address.
- In the screen you’ll immediately see, select your country of residence from the drop-down list.
- Following, enter your email address and a safety password. Be well aware that you will invest money, you have to give importance to the password you choose
- Now you must accept "Terms of Service" and, if you wish to get information, news and updates from Binance in your email address, mark in the corresponding box
Check the inbox at the e-mail address you used for sign up and look for the activation code for your Binance account. Type it in the corresponding line and press "Send"
That’s all! You are now registered to Binance.
It would be a good idea to visit the different areas of the Binance platform and get acquainted to them.
You’ll realize how simple is to begin trading Etherlite (ETL).
Complete the mandatory identity checking to enable all those options.
It is very important to notice that until you fulfill this security measure, you will not be able to begin trading Etherlite (ETL).
In the next section, you’ll see how to do that. Zero problems.
Verify your Binance account to begin trading
See the following instructions and become a certified subscriber:
Click on "Security" from the drop-down list under the user profile section
Or just look for the "Verify" button on the top of the navigator window
Pick "Identification" on the left list of options.
Country of residence is the first thing you must choose.
Now you’ll will find 3 verification levels:
- The one you already have.
- The Verified.
- The Verified Plus.
Now you should choose "Verified", pressing the "Start now" option below that label.
At this point, you must enter certain personal information:
- Nationality.
- First Name and Last name.
- Middle name and date of birth.
- Residence address (exact).
- Second name and date of birth.
- Second name and date of birth.
At this point, the Binance platform will ask you to use a legal document for identity corroboration.
passport, ID card or even a license will be enough to fulfill this formality.
In the next stage, you will be asked to take a selfie, according to the application’s guidelines.
When you have completed the platform’s guidelines, you will have to wait a short while for the verification to be performed on your account.
So, be patient, Binance will let you know via e-mail as soon as your application has been approved.
Upon receiving that email it’s time to get Etherlite (ETL), to do so follow the guidelines below.
Purchasing Etherlite (ETL) on Binance
So, account approved means you can begin buying Etherlite (ETL) right now.
The first thing is to figure out how to buy a Etherlite (ETL).
Next, you’ll have to to present a legal document to sustain your identity.
passport, ID card or even a license will be enough to complete this requirement.
In the next step, you will be asked to take a selfie, according to the platform’s requirements.
After completing all those requirements, the Binance platform will carry out a verification process on your account.
So, be patient, Binance is going to send you an e-mail when your request has been approved.
The following instructions will guide you through the Etherlite (ETL) trading process. As soon as you’ve got the confirmation e-mail, you’ve become a Binance licensed Etherlite (ETL) trader.
Buying Etherlite (ETL) on Binance
Now that you have registered on the Binance platform and got your account approved, you can start trading.
Understanding how to invest your money in Etherlite (ETL) is actually quite easy.
Some steps might have alternative paths
To know which alternatives are available to you when buying, see the "Buy cryptos" menu on the Binance homepage.
You need to, of course, do that after you’ve signed into your account
Uncover all the different buying options just by hovering your mouse over this button.
It is time to verify your identity using a legal document.
ID card, passport or even a driver’s license are all valid documents to complete this condition.
Now, you will be asked to take a selfie, according to the application’s requirements.
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 application has been accepted. Be patient, Binance will let you know via e-mail.
After that, it’s time to get Etherlite (ETL), to do so follow the guidelines below.
Buying Etherlite (ETL) on Binance
OK, account validated means you can begin buying Etherlite (ETL) right now.
In this section you’ll learn how simple is to buy a Etherlite (ETL).
Some steps may have optional paths
Use the "Buy cryptos" menu on the Binance main page to find out which alternatives can be found when making a purchase.
You need to, of course, make this happen after you’ve signed into your account
Hovering your mouse pointer over this button will show a list of alternatives to make your purchase.
Buying Etherlite (ETL) with a credit/debit card
Choose the credit card-related option from the "Buy Cryptos" drop-down menu.
These instructions will be helpful to continue the process:
In the next box, select the currency you’d like to buy with and enter how much you are going to invest.
Next, pick the Etherlite (ETL) you’re going to get
When you do so, the platform will immediately show you the quantity of Etherlite (ETL) you’ll receive, considering the amount of USD you have just invested.
After that, just follow the following guidelines:
Now you should select the currency you wish to buy with and specify the amount you want to invest.
The the Etherlite (ETL) you’d like to get must be indicated in the second field
When you do so, the platform will automatically display the number of Etherlite (ETL) you will be given, considering the amount of USD you’ve previously invested.
Next click "Continue".
Now it’s time to specify the method of payment you’ll use. To pay with your credit card, select in the "Visa/Mastercard" field the button "Add card".
Indicate your CC numbers and press "Next".
In this step you must indicate the address associated to the credit card. Type it exactly as it is, then select "Add card".
With this, your card will be added to the payment methods in your account. Click "Continue".
The system will now show you the details of the purchase order you are about to complete. The amount your card will be charged with the currency you’ve picked, and the Etherlite (ETL) you will get.
Another detail of relevance in this quick view is the sum you’ll be charged as a commision for making the operation.
You have 60 seconds to click on "Confirm", otherwise the order will automatically expire.
The next step has to be done on the credit card bank platform. Proceed exactly as you usually do when making a standard online credit card payment.
Your recently bought Etherlite (ETL) will be deposited to your Binance digital wallet (called the «Spot Wallet») when the banking procedure is complete
Purchase Etherlite (ETL) with Binance P2P
This means «Person To Person», i.e.: exchanging Etherlite (ETL)
with another Binance user. To get this done, the first step is to define which payment method you wish to work with.
Next, you’ll be presented a quick view of the transaction in its final stage. It includes the sum you will pay, the selected currency and the amount of Etherlite (ETL) you will be given.
It will also indicate the commission will be charged for the operation.
Within the next 60 seconds press "Confirm", after that time the order will expire automatically.
After this, you will be sent towards the bank platform the credit card has been issued by. Follow the instructions in the same way you would normally make a payment with your credit card.
When the banking process is complete, you will get your recently purchased Etherlite (ETL) in your Binance digital wallet (called the «Spot Wallet»)
Purchase Etherlite (ETL) via Binance P2P
That means «Person To Person», i.e.: trading Etherlite (ETL)
with another Binance subscriber. In that case, you should add which payment method you wish to apply first.
- Go to your account and choose "Security".
- In the list on the left-hand side click on "Payment".
- Click the "Add a Payment Method" button and follow the system guidance.
When the new method of payment has been configured in your account, look for the "Buy Crypto" menu in the upper part of the screen, click the "Trading P2P" button and follow the directions described below:
- On the upper bar of the "P2P Account" tab, choose "Buy"
- Here you can select the Etherlite (ETL) you’re interested in, among all those available for buying through P2P trading. We use «USDT» for this guide.It is important to note that once you buy one of these cryptocurrencies in P2P trading, you will be able to exchange it for any of the foreign currencies that operate on the Binance platform.
- Choose the currency you want to use from the drop-down menu under the "Fiat" column, for example, «VES».
- Now you need to indicate the amount in VES you’d like to invest in the "Amount" box.
- Define the payment method and wait for the system to show you all of the dealers that are offering Etherlite (ETL).
- Locate a trader from the displayed list. We suggest that you choose a verified one with a high percentage of sales completed.
- Now press "Buy USDT"
- In this step, the amount you would like to pay in VES must be entered
- Again, click on "Buy USDT"
- A purchase order has been generated and the seller and you will be able to contact each other for details, if needed. You have a limited time to make the payment, if you fail doing so the order will be shut down by the system (and that’s not good for your reputation as a buyer). Once you paid, click on "Transferred, Next" and then press "Confirm".
How to transfer your Etherlite (ETL) to the Spot Wallet
Cryptos will be released by the seller as soon as money reception validation has been done.
This way, they will instantly be deposited into your wallet.
But in case you would want to get any other Etherlite (ETL), you must send them to your Spot Wallet.
You can move them immediately right after the buying order has been completed just by clicking "Transfer to Spot Wallet".
This Etherlite (ETL) internal transfer can be carried out anytime later.
The right way to transfer your Etherlite (ETL) to the Spot Wallet
Cryptocurrencies will be released by the seller as soon as money reception validation has been done.
You may see your wallet account balance to confirm reception.
Note that you need to transfer them to your Spot Wallet in case you would want to get another crypto.
To get this done, you only need to click on "Transfer to Spot Wallet" once the buying order has been completed.
Should you forget to do this right after the purchase, no problem at all: you’ll be able to do it at any moment.
- Hover the mouse upon "Wallet" and select "Wallet Funds" from the drop-down menu.
- Locate the "Transfer" option on the upper right area of the navigator window and click on it.
- In the pop-up window, swap the «From» and «To» options to the following settings:
- From: Funds
- To: Fiat and Spot
- Choose the currency corresponding to the funds you have in the platform, in this example we’ll use «USDT»
- Set the cryptos you are about to transfer for the Exchange and click "Confirm".
That’s all! Now you will have money in the Spot Wallet so you will be able to buy any of the several of Etherlite (ETL) that the Binance platform has.
Purchase any cryptocurrency from Binance just following the steps detailed next:
- In the top panel, look for the "Trading" menu.
- Choose "Convert" from the list.
- Type the amount of «USDT» you would like to spend.
- Select the crypto you wish to buy.
- Select "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! This way you will have funds in the Spot Wallet so you will be able to purchase any of the numerous Etherlite (ETL) within the Binance platform.
See how easy is to purchase any crypto from Binance:
- Select the "Trading" option in the top panel.
- From the list select the "Convert" alternative.
- Type the sum of «USDT» you want to invest.
- Choose the crypto you intend to get.
- Press "Preview conversion".
- Validate the operation and that’s all. You now will have the funds of the chosen crypto in your Spot Wallet.
This text have surely pictured you a wide panorama of what Binance is and how you can do business with Etherlite (ETL) on it.
Don’t wait any further and start generating an extra income.