Buying Experience Points (XP) on the Binance platform
You can find many trading platforms today on the WWW, but certainly Binance is among the most popular and reputed.
So, if you’d like to get started operating on it, the first thing you should do is to discover ways to purchase Experience Points (XP).
The goal of this article is to teach the reader on how to trade with Experience Points (XP) on the Binance Experience Points (XP) exchange.
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How to register on Binance
Registering on the Binance platform is the very first step you must complete.
No complicated subscription: just follow the instructions listed below.
Navigate to the Binance main page and click on the "Register" button.
Access directly to Binance by clicking here.
Locate the "Register with a phone or email" button in the main page and press it.
You can also do this using your iOS smartphone.
For the purpose of this post, the e-mail address registration process will be explained.
- In the screen that will be shown, choose your country of residence from the drop down list.
- Now the extremely important step: password. Select an alphanumeric word difficult enough not to be easily deducted. Never use your birth date, middle name or things like that. Bear in mind that it’s your money what will be protected by that word
- In this step you must accept "Terms of Service" and, if you would want to receive information, news and updates from Binance in your email address, mark in the corresponding box
By now, you should have received an e-mail in the address you’ve just used for creating your Binance account. In its text you’ll see a one-time-only activation code you will enter in the corresponding box. Then press "Send"
You’re now a Binance user!.
You’ll see it’s easy to navigate the Binance platform and review all the options it has to offer.
You’ll realize how easy is to begin operating with Experience Points (XP).
Fulfill the mandatory ID checking to enable all those options.
Important: No Experience Points (XP) trading will be permitted if you skip this safety step.
No big deal, though. Read the following instructions to fulfill that step.
How to verify your Binance account and get started on trading
To become an authorized subscriber you have to complete the next steps:
On the main page, place the mouse pointer on the user profile button and a list will immediately drop down where you will need to click on "Security"
Another alternative is to move to the upper part of the screen and click on the "Verify" button
Go to "Identification" on the left list of options.
Country of residence should be selected here.
The platform will display you 3 levels of verification: the one you already have, the Verified, and the Verified Plus.
Press the "Start now" button below the "Verified" label, since this will be your beginning level.
At this point, you must enter certain personal information:
- Nationality.
- First and Last Name.
- Middle name and date of birth.
- Exact address of your residence.
- Middle name and date of birth.
- Second name and birth date.
Now you’ll need to show a legal document to verify your identity.
ID card, passport or even a license will be enough to complete this formality.
Follow the system requirements to take a selfie.
Now you will have to wait for a short period while an account confirmation process takes place.
When your profile has been approved, you will be informed via email, just be patient.
Congrats! As soon as you’ve received the confirmation you’re officially licensed to trade Experience Points (XP). The following guidelines will be helpful.
Learn to buy Experience Points (XP) on Binance
Beginning your Experience Points (XP) trading experience has never been so easy, right?.
First you need to discover how to invest your money in Experience Points (XP).
Next, you’ll need to show a legal document to verify your identity.
Use your ID card, passport or even your license to complete this step.
Now the platform will require you to take a selfie following certain guidelines.
After completing all those steps, the Binance platform will carry out a confirmation process on your account.
When your profile has been accepted, the system will send you an e-mail, just be patient.
After that, it’s time to purchase Experience Points (XP), just see the instructions below.
Purchasing Experience Points (XP) on Binance
Starting your Experience Points (XP) trading experience has never been so easy, right?.
Understanding how to convert cash into Experience Points (XP) is not so difficult.
You will probably have different alternatives throughout the process
Browse through the "Buy cryptos" menu on the Binance main page to find out which options you have when buying.
Needless to say you must login to your account to do this
Find all the different purchase options just by placing your mouse over this button.
It is time to support your identity with a legal document.
You can do this by using your ID card, passport, or license.
Follow the system instructions to take a selfie.
Now you’ll have to wait for a short time while an account confirmation process is performed.
All you have to do is wait patiently, Binance will send you an email when your request has been accepted.
Congratulations! As soon as you’ve got the confirmation you’re officially authorized to buy Experience Points (XP). The following guidelines will be helpful.
Buying Experience Points (XP) on Binance
Since you are registered on the platform and have your account confirmed, you are OK to start trading.
Understanding how to invest your money in Experience Points (XP) is not so difficult.
Some processes would probably have optional paths
The "Buy cryptos" menu on the Binance main page will be your reference at buying time.
You must, of course, do this once you are logged into your account
See all the different buying options just by placing your mouse over this button.
Buying Experience Points (XP) using a credit/debit card
Choose the credit card-related option from the "Buy Cryptos" drop-down list.
Continue reading for detailed guidelines:
In the next box, choose the currency you wish to buy with and specify the amount you are going to invest.
The the Experience Points (XP) you would like to buy must be indicated in the second field
When you do so, the system will automatically display the quantity of Experience Points (XP) you’ll be given, considering the amount of USD you have recently invested.
After that, just stick to these guidelines:
Now you should choose the currency you wish to use and indicate how much you want to invest.
In the next field you should select the Experience Points (XP) you wish to buy
The number of Experience Points (XP) you will get will depend upon the amount of USD you’ve just stated. The Binance system will automatically display it.
Click "Continue".
To add your credit card as a payment method, go to the "Visa/Mastercard" field and press the "Add card" option.
Credit card numbers must be completed in this step, then press "Next".
In this step you must enter the physical address details of the CC. Following this, select "Add card".
With this, your card will be added to the valid methods of payment in your account. Click "Continue".
Next, all the relevant details of the operation will be presented: the amount you will pay and the corresponding currency, and obviously, the cryptos you are going to receive.
Another detail of relevance in this snapshot is the amount Binance will charge you as a commision for making the purchase.
You have 60 seconds to click on "Confirm", otherwise the order will be automatically shut down.
After this, you will be sent to the site of the credit card issuing bank. There you should make a standard on-line payment with your credit card.
Your recently bought Experience Points (XP) will be available in your Binance digital wallet (referred to as the «Spot Wallet») when the banking process has been finished
Purchase Experience Points (XP) through Binance P2P
This is a transaction made «Person To Person», i.e.: trading Experience Points (XP)
with another Binance trader. Payment method is the first parameter you will state.
The system will now show you the synthesis of the purchase order you are creating. The amount your card will be charged with the currency you’ve picked, and the Experience Points (XP) you will get.
Certainly, Binance will claim a small amount as a commission for supporting the transaction, and that will appear in that snapshot as well.
Within the next 60 seconds click on "Confirm", there after the order will be automatically terminated.
After this, you will be redirected to the site of the credit card issuing bank. Follow the guidelines in the same way you would normally make a payment with your card.
Your recently bought Experience Points (XP) will be available in your Binance digital wallet (called the «Spot Wallet») when the banking procedure has been completed
Know how to purchase Experience Points (XP) through Binance P2P
You could buy Experience Points (XP) not only by means of a direct purchase, but exchanging them «Person To Person»
with another Binance user too. In that case, you should specify which payment method you wish to apply first.
- Go to your account and click on "Security".
- Locate the "Payment" option in the menu you’ll see on the left-hand side of the screen and click on it.
- Click on "Add a Payment Method" and the Binance system will guide you through the rest of the process.
Now that the new payment method has been added to your account, go to the upper bar of the navigator and pass over "Buy Crypto" to drop-down the menu and select "Trading P2P". Then see the following directions:
- On the upper bar of the "P2P Account" menu, choose "Buy"
- Here you can pick the Experience Points (XP) you’re interested in, among all those available for purchase through P2P trading. We will present «USDT» in this 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.
- Select the currency you want to use from the drop-down list under the "Fiat" column, for instance, «VES».
- Use the "Amount" box to enter the sum in VES you’re going to invest to buy Experience Points (XP).
- You will see a register of traders’ offers a little while after you indicate 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 marking), and better, a high-volume seller (golden star mark).
- Next select "Buy USDT"
- Now the amount you would want to pay in VES must be input
- Click on "Buy USDT" once again
- This will open an order where you will be in touch with the trader. Pay within the time limit and press "Transferred, Next" and then press "Confirm".
Learn how to transfer your Experience Points (XP) to the Spot Wallet
After you have completed a payment to the seller, they are going to release the Experience Points (XP), by confirming invoice of the payment.
This way, they will immediately be deposited into your wallet.
However, in order for you to get any other Experience Points (XP), you must transfer them to your Spot Wallet.
To achieve this, you only need to press "Transfer to Spot Wallet" immediately after the purchase order is completed.
Should you forget to follow this step right after buying the cryptos, there’s nothing to worry about: you’ll always be able to do it at any moment.
The right way to transfer your Experience Points (XP) to the Spot Wallet
Once you have completed a payment to the seller, they may release the Experience Points (XP), just by confirming payment reception.
The default place where Experience Points (XP) are deposited is your account wallet.
Take into account that your Experience Points (XP) must be in your Spot Wallet in order for you to purchase others, so you will need to send them there before.
To get this done, all you have to do is click on "Transfer to Spot Wallet" right after the purchase order has been completed.
In case you didn’t do this, don’t stress, you can do it at any other time.
- Place the mouse pointer over "Wallet" and select "Wallet Funds" from the drop-down menu.
- Locate the "Transfer" button on the upper right area of the navigator window and press 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 in which you have money, in the example here we use «USDT»
- Set the amount you are transferring for the Exchange and click "Confirm".
With these funds already in your Spot Wallet, nothing keeps you from buying any cryptocurrency you consider could be worthwhile.
To purchase Experience Points (XP) from the Binance platform all you have to do is the following:
- In the top section, select the "Trading" menu.
- Select "Convert" from the list.
- Fill in the box the sum of «USDT» you would like to spend.
- Now mark the crypto you’re about to purchase.
- Click on "Preview conversion".
- Confirm the operation and that’s all. Now you will have the funds of the chosen crypto in your Spot Wallet.
That’s it! This way you will have funds in the Spot Wallet and you will be able to trade any of the numerous Experience Points (XP) within the Binance platform.
Note how easy is to buy any crypto from the Binance platform:
- Pick the "Trading" menu in the top top panel.
- From the list select the "Convert" option.
- Fill in the box the sum of «USDT» you want to spend.
- Select the cryptocurrency you intend to buy.
- Choose "Preview conversion".
- Validate the operation and that’s it. You will have the amount of the selected cryptocurrency in your Spot Wallet.
You’ve already seen how easy is to start out doing business with Experience Points (XP) on Binance.
The future of money trading relies on Experience Points (XP)., and Binance is a safe and friendly environment to do business. Start right now!