Purchasing GeoDB (GEO) on the Binance platform
There are many trading platforms on the Internet nowadays, but undoubtedly Binance is among the most popular and innovative.
Therefore, the first thing you have to to do if you need to get started operating on it is to discover ways to buy GeoDB (GEO).
So, in this post we will try to give you all what you need to know to trade with GeoDB (GEO) on the Binance cryptocurrency exchange.
----
Discover ways to register on Binance
To be capable of buying GeoDB (GEO) on Binance, the vital thing you have to know is certainly how to subscribe.
Subscribing to the platform is quite easy: observe the following guidelines.
Visit the Binance main page and press on the "Register" button.
You have the direct link here.
Right now click on the "Register with a phone or email" button.
The Binance platform is totally compatible with iOS mobile devices as well.
Here you’ll will see the subscription process using an e-mail address.
- From the drop-down list of countries, choose the one you reside.
- Following, enter your email address and a password. Keep in mind that you are going to invest your money, so you ought to give importance to the password you select
- Now you must accept "Terms of Service" and, if you want to receive information, updates and news from Binance in your e-mail address, check in the corresponding box
Binance will immediately send an activation password (remember: this is NOT your password) that you’ll write it in the corresponding line, then press "Send"
And that’s it! You are now subscribed to Binance.
Take a time to become familiar with the different areas of the Binance platform by browsing them.
You’ll immediately notice how simple is to start operating with GeoDB (GEO).
The identity verification is a required step you must complete to have access to all those options.
Please, take into account that it is only after you have completed this security measure that you’ll obtain permission to start operating with GeoDB (GEO).
However, you don’t need to worry, see the next paragraphs to find out how to do it.
Learn to verify your account and get started on trading
Read the next instructions and become an authorized user:
From the user profile menu, choose "Security"
You may also press "Verify" button at the top of the navigator window
Press "Identification" on the left options list.
Now you’ll need to select your country of residence.
On this screen you’ll will immediately see three verification levels:
- The one you already have.
- The Verified.
- The Verified Plus.
Begin by clicking on "Start now" located below the "Verified" level.
In this step, the user is asked to provide some personal data:
- Nationality.
- First and Last Name.
- Middle name and birth date.
- Exact address of your residence.
- Middle name and birth date.
- Second name and birth date.
Here, the Binance platform will ask you to use a legal document for identity checking.
You can do this with your passport, ID card, or driver’s license.
Follow the system requirements to take a selfie.
Now you will have to wait for a short time while an account confirmation process takes place.
All you need to do is wait patiently, Binance is going to send you an email once your profile has been accepted.
Upon receiving that email it’s time to get GeoDB (GEO), to do so follow the instructions below.
Purchasing GeoDB (GEO) on Binance
All right, account approved means you can begin purchasing GeoDB (GEO) immediately.
Understanding how to make a purchase of GeoDB (GEO) is actually quite easy.
The next step is to check your identity using a legal document.
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 instructions.
Once those steps have been fulfilled, the Binance platform will do a verification process on your account.
Now you have to wait until your application has been approved. Be patient, the platform will let you know via email.
The following instructions will guide you through the GeoDB (GEO) purchasing process. As soon as you’ve received the confirmation e-mail, you have become a Binance authorized GeoDB (GEO) trader.
Buying GeoDB (GEO) on Binance
So, account validated means you can begin purchasing GeoDB (GEO) immediately.
In this section you’ll discover how simple is to convert money into GeoDB (GEO).
You will probably have different alternatives throughout the process
The "Buy cryptos" menu on the Binance main page will be your reference when making a purchase.
Obviously, you’ll only be able to do this after you’ve logged in
Uncover all the different buying options just by placing your mouse over this button.
At this point, the Binance platform will require you to use a legal document for identity verification.
Use your ID card, passport or even your driver’s license to complete this step.
Follow the system instructions to take a selfie.
After completing all those requirements, the Binance system will perform a confirmation process on your account.
Now you must wait until your request has been accepted. Be patient, the system will let you know via e-mail.
Congrats! As soon as you’ve received the confirmation you’re officially authorized to operate with GeoDB (GEO). See the guidelines that follow.
Learn to purchase GeoDB (GEO) on Binance
Beginning your GeoDB (GEO) trading adventure has never been so simple, right?.
In this segment you’ll discover how easy is to invest your money in GeoDB (GEO).
Some processes may have alternative paths
Browse through the "Buy cryptos" menu on the Binance homepage to know which options can be found when making a purchase.
You need to, of course, make this happen after you’ve logged into your account
Placing your mouse pointer over this key will show a list of alternatives for making the purchase.
Make use of your credit or debit card to buy GeoDB (GEO)
Select the credit card-related option from the drop-down menu labeled "Buy Cryptos".
The following instructions will be helpful to continue the process:
Currency to be used and how much you’ll invest must be indicated in the next box.
The the GeoDB (GEO) you intend to purchase must be indicated in the second field
Once you do so, the system will automatically display the number of GeoDB (GEO) you’ll get, according the amount of USD you’ve previously indicated.
After that, just adhere to these instructions:
In the next box, select the currency you wish to use and type how much you are going to invest.
In the next field you must select the GeoDB (GEO) you intend to buy
When you do so, the system will automatically display the quantity of GeoDB (GEO) you will get, considering the amount of USD you have previously specified.
Next click "Continue".
Now it’s time to define your method of payment. To pay with a credit card, choose in the "Visa/Mastercard" box the button "Add card".
Card data must be indicated in this step, then press "Next".
The following field is where you’ll indicate the address associated to the card. Write it exactly as it is, then choose "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 details of the purchase order you are creating. The sum your card will be charged in the currency you have chosen, and the GeoDB (GEO) you will get.
Obviously, Binance will take a certain percentage as a commission for supporting the transaction, and it will appear in that snapshot also.
Now you must acknowledge the order clicking on the "Confirm" button during the following 60 seconds, or it will be automatically canceled.
The next step needs to be carried out on the credit card banking webpage. Then you will make a standard online payment using your credit card.
Your recently purchased GeoDB (GEO) will be available in your Binance digital wallet (referred to as the «Spot Wallet») as soon as the banking process has been done
Buy GeoDB (GEO) with Binance P2P
Another option you have to buy a cryptocurrency is to exchange it
with another person. To get this done, the first step is to add the payment method you would want to work with.
Next, all the important details of the transaction will be presented: the sum you’ll pay and the corresponding currency, and obviously, the cryptos you are going to get.
In fact, Binance will claim a certain percentage as a commission for making the purchase, and it will be shown in that summary as well.
Now you have to accept the order pressing the "Confirm" button during the next 60 seconds, or it will be automatically shut down.
The next step has to be done on the credit card banking platform. Follow the instructions in the same way you would normally generate a payment with your credit card.
Once the banking process is complete, you are already in possession of the recently purchased GeoDB (GEO) in your Binance e-wallet (called the «Spot Wallet»)
Learn how to buy GeoDB (GEO) through Binance P2P
This means «Person To Person», i.e.: trading GeoDB (GEO)
with another Binance trader. Method of payment is the first parameter you must specify.
- Login to the "Security" section of your account.
- Press "Payment" from the menu on the left.
- Click the "Add a Payment Method" button and follow the system guidance.
After you finished including the new payment method to your account, move to the "Buy Crypto" menu (upper part of the screen), select the "Trading P2P" button, and follow the directions below:
- On the upper bar of the "P2P Account" menu, select "Buy"
- All the GeoDB (GEO) available for purchase through P2P trading will be shown in this menu, so you will be able to pick the one you want. In this guide, we use «USDT».It is important to note that when you buy any crypto in P2P trading, you will be able to exchange it for any of the currencies that operate on the Binance platform.
- Look for the "Fiat" column on the upper menu and reveal the drop-down menu to see all available currencies. We’ll use «VES» in this example.
- In the "Amount" box, enter the sum in VES you wish to buy with.
- Define the payment method and wait for the platform to display all of the traders’ ads.
- From the list list shown, you can choose any of the sellers. It is advisable to choose one with the «Verified» mark and better if a good percentage of completed sales is displayed.
- Next select "Buy USDT"
- Enter the amount in VES you would want to pay
- Press "Buy USDT" again
- A buying order has been generated and the seller and you will be able to contact each other for further details, in case you need it. You have a time limit to pay, otherwise the order will be aborted by the system (and that’s bad for your rating as a buyer). Once you have paid, click on "Transferred, Next" and then press "Confirm".
How to transfer your GeoDB (GEO) to the Spot Wallet
The seller, upon receiving your money, will immediately release the GeoDB (GEO).
This way, they will immediately be deposited into your wallet.
Take into account that your GeoDB (GEO) must be in your Spot Wallet in case you would want to buy others, so you must transfer them there before.
To achieve this, you only need to click on "Transfer to Spot Wallet" immediately after the buying order has been completed.
This GeoDB (GEO) internal transfer can be done anytime later.
The right way to transfer your GeoDB (GEO) to the Spot Wallet
The trader, upon confirming payment reception, will immediately release the GeoDB (GEO).
This way, they will automatically be deposited into your wallet.
However, in order for you to get any other GeoDB (GEO), you will have to move them to your Spot Wallet.
That’s quite simple: just press "Transfer to Spot Wallet" immediately after the purchase order is completed.
If you didn’t follow this step, don’t be concerned, you can do it later.
- Drop the "Wallet" menu down and click on the "Wallet Funds" option.
- Locate the "Transfer" button on the upper right area of the screen and click on it.
- A pop-up window will open, where you should set the options to:
- From: "Funds"
- To: "Fiat and Spot"
- Select the currency according to your funds in the platform, in this example we’ll use «USDT»
- Type the cryptos you are about to send to the spot walet and press "Confirm".
With these money already in your Spot Wallet, don’t fear to buy any crypto you think could yield the greatest profit.
Find out how simple is to buy any crypto from the Binance platform:
- Find the "Trading" option in the top section.
- Choose "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to invest.
- Now select the crypto you’re interested in.
- Choose "Preview conversion".
- Validate the operation and that’s all. You will have the funds of the chosen crypto in your Spot Wallet.
That’s all! Now you will have funds in the Spot Wallet so you will be able to buy any of the huge selection of GeoDB (GEO) that the Binance platform has.
To purchase GeoDB (GEO) from Binance all you have to do is the following:
- Select the "Trading" option in the top top panel.
- In the list select the "Convert" option.
- Enter the amount of «USDT» you would like to spend.
- Select the cryptocurrency you intend to get.
- Select "Preview conversion".
- Validate the operation and that’s it. You now will have the funds of the selected cryptocurrency in your Spot Wallet.
You’ve already seen how simple is to start doing business with GeoDB (GEO) on Binance.
The future of money trading relies on GeoDB (GEO)., and Binance is a safe and comfortable environment to do business. Start right now!