Purchasing GNY (GNY) on the Binance platform
No doubt one of the world’s most reputed trading platforms today is Binance.
Learning how to purchase GNY (GNY) is essential if you need to start out operating on that platform.
For this reason, in this post we’ll provide you with all the information you need to trade with GNY (GNY) on the Binance cryptocurrency platform.
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How to register on Binance
There is only way to start trading within Binance: registering to it.
Registering to the platform is simple: check the following guidelines.
Search for the "Register" option in the Binance homepage and press on it to begin the registration process.
You may log in directly by clicking here.
In the Binance homepage you’ll find a button named "Register with a phone or email". Press it.
The Binance platform is totally compatible with iOS mobile devices as well.
In this post, we’ll will show you how to do this using an email account.
- First, select the country from the drop down list according to your place of residence.
- The next step is defining a secure password. This is quite relevant since it’s all about your money’s safety, so you must to invent a robust one
- Now you must accept "Terms of Service" and, if you wish to get information, updates and news from Binance in your e-mail address, mark in the corresponding box
You should have received an e-mail sent to the address you’ve just used for creating your Binance account. It will have a one-time-only activation password you will enter in that page. Then click on "Send"
And that’s it! You are now registered to Binance.
You can now access the Binance platform and get to know all the options it offers.
You’ll discover how easy is to start trading GNY (GNY).
Fulfill the mandatory ID checking to enable all those options.
Important: No GNY (GNY) trading will be allowed if you ignore this safety step.
But no need to worry, see the next instructions to find out how to do it.
Verify your account to get started on trading
See the following instructions and become a certified subscriber:
On the main screen, hover the mouse on the user profile button and a list will immediately show up where you will press "Security"
You may also press "Verify" button at the top of the screen
Look for the option "Identification" on the left part of the screen.
Pick the Country of Residence.
Now you’ll will immediately see 3 verification levels:
- The current one.
- The Verified.
- The Verified Plus.
Begin by choosing "Start now" just by the "Verified" level.
At this point, the user is required to provide certain personal information:
- Nationality.
- First Name and Last name.
- Second name and birth date.
- Exact address of your residence.
- Middle name and date of birth.
- Middle name and date of birth.
At this point, the Binance platform will require you to present a legal document for identity verification.
You can do this by using your passport, ID card, or driver’s license.
Now the system will require you to take a selfie following certain instructions.
After fulfilling all those requirements, the Binance platform will perform a confirmation process on your account.
Once your application has been accepted, you’ll be informed via email, just be patient.
Upon receiving that e-mail it’s time to get GNY (GNY), to do so follow the instructions below.
Purchasing GNY (GNY) on Binance
All right, account confirmed was all you needed to begin buying GNY (GNY) right now.
In this segment you’ll see how easy is to convert money into GNY (GNY).
The next step is to check your identity using a legal document.
You can do this with your passport, ID card, or driver’s license.
In the next stage, you will have to take a selfie, according to the application’s requirements.
The final step is on Binance’s side: a certification process that will take only a short time.
Once your profile has been approved, Binance will send you an email, just be patient.
Upon receiving that email it’s time to buy GNY (GNY), just see the guidelines below.
Purchasing GNY (GNY) on Binance
OK, account confirmed was all you needed to begin buying GNY (GNY) immediately.
First you need to discover how to invest your money in GNY (GNY).
Some processes might have optional paths
The "Buy cryptos" menu on the Binance main page will be your reference when making a purchase.
Certainly, you’ll only be able to do this if you’re logged in
See all the different purchase options just by hovering your mouse over this button.
Next, you’ll have to to present a legal document to check your identity.
You can do this with your passport, ID card, or driver’s license.
Follow the system guidelines to take a selfie.
Now you’ll have to wait for a short time while an account confirmation process takes place.
Once your application has been accepted, you’ll be informed via e-mail, just be patient.
The following instructions will guide you through the GNY (GNY) trading process. As soon as you’ve received the confirmation e-mail, you have become a Binance licensed GNY (GNY) trader.
Purchasing GNY (GNY) on Binance
Beginning your GNY (GNY) trading experience has never been so simple, right?.
In this segment you’ll see how easy is to convert money into GNY (GNY).
You may find more than one option throughout the process
To find out which alternatives you have when buying, look for the "Buy cryptos" menu on the Binance homepage.
You will need to, of course, make this happen once you are signed into your account
Uncover all the different buying options just by hovering your mouse over this button.
Making use of your credit or debit card to purchase cryptos
The first thing you must do to purchase the GNY (GNY) you want using a credit card, is to choose this option from the drop-down list labeled "Buy Cryptos".
Next, just follow these guidelines:
Now you must select the currency you wish to buy with and specify the amount you are going to invest.
Next, pick the GNY (GNY) you are going to purchase
The quantity of GNY (GNY) you’ll receive will depend upon the amount of USD you have recently invested. The Binance platform will immediately display it.
These directions will be helpful to continue the process:
Now you must pick the currency you want to buy with and enter the amount you want to invest.
The the GNY (GNY) you’d like to purchase should be picked from the second field
Depending on the amount of USD you’ve previously defined, the system will automatically show you the quantity of GNY (GNY) you’ll get.
Now select "Continue".
Now you must indicate your method of payment. To pay with a credit card, pick in the "Visa/Mastercard" field the button "Add card".
Credit card numbers must be typed in this step, then press "Next".
In this step you must enter the physical address details of the credit card. Following this, select "Add card".
Press "Continue" once you see your card has been successfully added to your user profile as a new payment method.
Next, you’ll see a snapshot of the operation about to be completed. That includes the sum your card will be charged, the selected currency and the quantity of GNY (GNY) bought.
Indeed, Binance will take a small amount as a commission for making the purchase, and it will appear in that summary as well.
In less than 1 minute click on "Confirm", after that time the order will be automatically terminated.
The Binance platform will now reroute you to the credit card issuing bank. There you would complete a standard on-line payment using your credit card.
After the banking procedure has been done, you are already in possession of the purchased GNY (GNY) in your Binance digital wallet (called the «Spot Wallet»)
See how easy is how to buy GNY (GNY) via Binance P2P
This means «Person To Person», i.e.: exchanging GNY (GNY)
with another Binance subscriber. Payment method is the first setting you should state.
The platform will now show you the synthesis of the order you are creating. The sum your card will be charged in the currency you have selected, and the GNY (GNY) you will be given.
Another detail of relevance in this snapshot is the sum Binance will charge you as a commision for making the operation.
At this point you have 60 seconds to click on "Confirm", otherwise the order will automatically expire.
After this, you’ll be redirected towards the site of the bank issuing the credit card. Follow the instructions in the same way you would normally pay with your credit card.
You can check your Binance e-wallet (referred to as the «Spot Wallet») as soon as the banking process is complete and you’ll see your recently bought GNY (GNY) already there
Purchase GNY (GNY) with Binance P2P
That means «Person To Person», i.e.: trading GNY (GNY)
with another Binance trader. You should add which payment method you would want to apply first.
- Login to the "Security" section of your profile.
- Look for the "Payment" option in the menu you’ll see on the left-hand side of the screen and choose it.
- Once the "Add a Payment Method" option is chosen the system will guide you through the rest of the process.
After you finished adding the new method of payment to your profile, go to the "Buy Crypto" menu (top part of the screen), find the "Trading P2P" button, and follow the instructions below:
- Press the "Buy" option located on the upper bar of the "P2P Account" tab
- Here you can choose the GNY (GNY) you’re interested in, among all those available for buying via P2P trading. We will present «USDT» in this guide.Buying one of these GNY (GNY) through P2P trading allows the trader to exchange it on the Binance platform for any of the currencies available.
- Look for the "Fiat" column on the upper tabs and reveal the drop-down list to find all valid currencies. We’ll use «VES» in this example.
- Now you must enter the amount in VES you’re going to invest in the "Amount" box.
- Indicate the payment method and wait for the system to display all the dealers that are currently offering GNY (GNY).
- Select a seller from the list shown. We suggest that you pick one that is verified and has a high percentage of sales completed.
- Press "Buy USDT"
- Enter the amount in VES you would want to invest
- Again, select "Buy USDT"
- Doing so will open an order where you will have connection with the seller. Make the payment within the established time and press "Transferred, Next", then press "Confirm".
How you can transfer your GNY (GNY) to the Spot Wallet
The trader, upon confirming payment reception, will instantly release the GNY (GNY).
You may see your wallet Binance balance to confirm reception.
But in case you want to get any other GNY (GNY), you must send them to your Spot Wallet.
To accomplish this, all you have to do is click on "Transfer to Spot Wallet" immediately after the buying 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 later.
How to transfer your GNY (GNY) to the Spot Wallet
Cryptos will be released by the trader as soon as payment reception validation has been done.
You may verify your wallet account balance to confirm reception.
Nonetheless, you must send them to your Spot Wallet in order for you to get any other cryptocurrency.
That’s quite simple: just click on "Transfer to Spot Wallet" immediately after the buying order has been completed.
Should you forget to do this right after buying the cryptos, no problem at all: you’ll always be able to do it later.
- Hover the mouse on "Wallet" and select "Wallet Funds" from the drop-down menu.
- The "Transfer" option is located at the top right. Press it.
- Change the «From» and «To» options on the pop-up window to:
- From: «Funds»
- To: «Fiat and Spot»
- Choose the currency according to your funds in the platform, in this example we’ll use «USDT»
- Set the amount you are sending to the spot walet and click "Confirm".
That’s it! This way you will have money in the Spot Wallet so you will be able to buy any of the huge selection of GNY (GNY) that the Binance platform has.
Buy any cryptocurrency from Binance just following the instructions detailed next:
- Pick the "Trading" menu in the top panel.
- From the listing choose the "Convert" alternative.
- Indicate the sum of «USDT» you wish to spend.
- Now select the crypto you’re interested in.
- Click on "Preview conversion".
- Validate the transaction and that’s it. You will have the amount of the selected crypto in your Spot Wallet.
All right! Now you have money available to buy any of the numerous GNY (GNY) in the Binance platform.
Discover how simple is to purchase any crypto from Binance:
- Find the "Trading" option in the upper section.
- Choose "Convert" from the list.
- Enter the amount of «USDT» you wish to invest.
- Choose 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 crypto in your Spot Wallet.
You’ve already learned how easy is to start out trading GNY (GNY) on Binance.
Don’t wait any further and start generating an extra income.