Buying FRAT (FRAT) on the Binance platform
Undoubtedly one of the top-notch trading platforms in the world today is Binance.
Understanding how to buy FRAT (FRAT) is essential in case you need to start trading on that platform.
For this reason, on this page we will provide you with all what you need to know to buy FRAT (FRAT) on the Binance crypto exchange.
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How to register on Binance
Opening a Binance account is the very first step you have to do.
To do so, you need to follow each of the guidelines below.
See a Binance main page and click on the "Register" option.
Go directly to Binance by pressing here.
Look for the "Register with a phone or email" button in the homepage and click on it.
You can also do this using your iOS phone.
Here we’ll will explain the registration technique using an email address.
- From the drop down list of countries, select the one you’re living in.
- Now the crucial part: password. Create an alphanumeric word strange enough not to be easily deducted. Don’t use your name, birth date or things like that. Bear in mind that it’s your cash what will be protected by that password
- Now you must accept "Terms of Service" and, if you want to get information, updates and news from Binance in your e-mail address, check in the corresponding box
See the inbox in the email address you used for registration and look for the activation code for your Binance account. Write it in the corresponding box and press "Send"
You’re now a Binance user!.
Take a time to get acquainted to the different options of the Binance platform by visiting them.
This way you mayit will be possible to begin trading FRAT (FRAT) conveniently.
Complete the required identity verification to enable all those options.
Notice: No FRAT (FRAT) operation will be permitted if you ignore this security step.
No big deal, though. See the next instructions to complete that step.
How to verify your Binance account and begin trading
To become a certified end user you have to complete the steps described below:
Choose "Security" from the drop-down list under the user profile button
You can also click the "Verify" button on the upper part of the screen
Locate the option "Identification" on the left side of the screen.
Now you’ll need to select your country of residence.
It shows you 3 verification levels: the current one, the Verified, and the Verified Plus.
Click on the "Start now" button under the "Verified" label, since this will be your beginning level.
A new window will pop-up, and there you will have to provide your personal data: Nationality, first name and surname, second name and birth date. Besides, make sure you enter the exact address of your residence
Here, the Binance platform will ask you to provide a legal document for identity corroboration.
You can do this with your ID card, passport, or license.
Now the system will require you to take a selfie under certain conditions.
The final step will be made by the Binance platform: a confirmation process that will just take a while.
Now you must wait until your request has been approved. Be patient, the platform is going to send you an email.
After that, it’s time to purchase FRAT (FRAT), to do so follow the guidelines below.
Buying FRAT (FRAT) on Binance
Since you are registered on the Binance platform and got your account approved, you can begin trading.
Take a time to figure out how to convert money into FRAT (FRAT).
It is time to corroborate your identity with 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 instructions.
After completing all those requisites, the Binance platform will perform a verification process on your account.
Once your application has been approved, the platform is going to send you an e-mail, just be patient.
Congratulations! Now you’re officially authorized to trade FRAT (FRAT). The following instructions will be helpful.
Purchasing FRAT (FRAT) on Binance
OK, account confirmed means you can begin buying FRAT (FRAT) right now.
Understanding how to make a purchase of FRAT (FRAT) is actually quite easy.
Take into account that you may have different options for this process
Look for the "Buy cryptos" menu on the Binance homepage to find out which alternatives are available to you 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.
At this point, the Binance platform will require you to present a legal document for identity verification.
ID card, passport or even a driver’s license are all valid documents to complete this condition.
Now the system will ask you to take a selfie following certain instructions.
After you have fulfilled the platform’s instructions, you’ll have to wait a short while for the confirmation to be performed on your account.
Once your request has been accepted, Binance is going to let you know via e-mail, just be patient.
After that, it’s time to get FRAT (FRAT), to do so follow the instructions below.
Purchasing FRAT (FRAT) on Binance
So, account verified means you can begin purchasing FRAT (FRAT) immediately.
In this section you’ll learn how simple is to convert cash into FRAT (FRAT).
You will probably have different alternatives throughout the process
To find out which alternatives can be found when making a purchase, look for the "Buy cryptos" menu on the Binance homepage.
Needless to say you must login to your account to be able to do this
Place your mouse on this key and a list of buying alternatives will be displayed.
Did you know you could use your debit or credit card for buying FRAT?
Go to the "Buy Cryptos" and pick the credit card-related option from the menu.
Continue reading for detailed guidelines:
Currency preferred and amount of the investment must be stated here.
The the FRAT (FRAT) you would like to purchase should be chosen from the second field
Depending on the amount of USD you have just specified, the platform will automatically show you the number of FRAT (FRAT) you will receive.
After that, just carry out these guidelines:
Now you must choose the currency you want to use and specify the amount you are going to invest.
Next, choose the FRAT (FRAT) you’re going to buy
The quantity of FRAT (FRAT) you’ll be given will depend upon the amount of USD you have previously indicated. The Binance system will immediately show it to you.
Next click "Continue".
In case you decided to pay with your credit card, go to the "Visa/Mastercard" field and click on the "Add card" option.
Enter your card numbers and press "Next".
Now enter the physical address details of the card. Following this, select "Add card".
With this step, your credit card will be added to the payment methods in your user profile. Press "Continue".
The system will now display the summary of the purchase order you are about to complete. The sum you are paying in the currency you’ve picked, and the FRAT (FRAT) you will receive.
It will also indicate the commission you must pay for the operation.
At this point you have 60 seconds to click on "Confirm", otherwise the order will be automatically shut down.
Next, you will be sent to the banking platform the credit card has been issued by. Follow the instructions in the same way you would normally pay with your card.
Your recently purchased FRAT (FRAT) will be credited to your Binance e-wallet (called the «Spot Wallet») once the banking procedure is complete
Learn how to buy FRAT (FRAT) via Binance P2P
An optional way to purchase crypto is to trade it
with another person. Payment method is the first setting you should define.
Next, all the relevant details of the transaction will be summarized: the amount you’ll pay and the corresponding currency, and of course, the cryptos you will receive.
It will also let you know the commission will be charged for the transaction.
You have 1 minute to click on "Confirm", otherwise the order will automatically expire.
The following step has to be done on the credit card banking system. Follow the directions in the same way you would normally make a payment with your card.
Your recently purchased FRAT (FRAT) will be available in your Binance e-wallet (referred to as the «Spot Wallet») after the banking procedure has been completed
Know how to buy FRAT (FRAT) with Binance P2P
This is a transaction made «Person To Person», i.e.: exchanging FRAT (FRAT)
with another Binance user. To do this, the first step is to state the payment method you want to apply.
- Click on "Security" in your account.
- Press "Payment" from the menu on the left.
- Choose "Add a Payment Method" and the platform will guide you through the rest of the procedure.
After you finished configuring the new method of payment to your account, go to the "Buy Crypto" menu (upper bar of the navigator), find the "Trading P2P" button, and follow the directions below:
- On the upper bar of the "P2P Account" menu, choose "Buy"
- Here you can select the FRAT (FRAT) you’re interested in, among all those available for purchase via P2P operations. We present «USDT» for this example.Purchasing one of these FRAT (FRAT) via P2P trading allows the user to exchange it on Binance for any of the currencies available.
- Choose the local currency you want to pay with from the drop-down menu under the "Fiat" column, for example, «VES».
- In the "Amount" box, input the sum in VES you intend to invest.
- Choose the payment method and wait for the platform to show you all the dealers that are currently offering FRAT (FRAT).
- Any of the traders shown in the list can be chosen, although it is recommendable to select a verified one (see the blue diamond marking), and even better, a high-volume seller (gold star badge).
- Click on "Buy USDT"
- Write the amount in VES you would like to invest
- Again, click on "Buy USDT"
- This will open an order where you will have connection with the seller. Complete the payment within the established time and click on "Transferred, Next", then press "Confirm".
Tips on how to transfer your FRAT (FRAT) to the Spot Wallet
The seller, upon receiving your money, will automatically release the FRAT (FRAT).
So, they will quickly be added to your account balance.
Take into account that your FRAT (FRAT) must be in your Spot Wallet in case you want to purchase others, so you will have to move them there before.
That’s easy: just click on "Transfer to Spot Wallet" once the purchase order is completed.
This FRAT (FRAT) internal transfer can be carried out whenever you need.
Tips on how to transfer your FRAT (FRAT) to the Spot Wallet
The seller, upon receiving your payment, will immediately release the FRAT (FRAT).
So, they will immediately be added to your wallet balance.
Nonetheless, you will have to move them to your Spot Wallet in order for you to get another cryptocurrency.
That’s easy: just press "Transfer to Spot Wallet" immediately after the buying order has been completed.
This FRAT (FRAT) internal transfer can be performed anytime later.
- Click on "Wallet Funds" from the "Wallet" drop-down list.
- See the "Transfer" option on the upper right area of the navigator window and press it.
- Set the «From» and «To» options on the pop-up window to:
- From: "Funds"
- To: "Fiat and Spot"
- Select the currency in which you have money, in the example here we use «USDT»
- Type the amount you are moving for the Exchange and click "Confirm".
All right! Now you have funds available to buy any of the huge selection of FRAT (FRAT) in the Binance platform.
To purchase FRAT (FRAT) from Binance what you just have to do is the following:
- In the top panel, loate the "Trading" menu.
- Pick "Convert" from the list.
- Enter the sum of «USDT» you want to spend.
- Now indicate the cryptocurrency you’re interested in.
- Choose "Preview conversion".
- Validate the transaction and that’s it. You will have the amount of the selected crypto in your Spot Wallet.
That’s all! Now you will have funds in the Spot Wallet so you will be able to trade any of the numerous FRAT (FRAT) within the Binance platform.
Note how easy is to buy any crypto from Binance:
- Select the "Trading" menu in the top panel.
- Click on "Convert" from the list.
- Fill in the box the amount of «USDT» you want to spend.
- Now indicate the cryptocurrency you’re about to purchase.
- Press "Preview conversion".
- Validate the transaction and that’s all. Now you will have the funds of the selected cryptocurrency in your Spot Wallet.
Based upon the above mentioned information, you are now ready to commence trading on Binance.
Cryptos have come to stay, and Binance is a safe and friendly platform to do business. Begin right now!