Learn how to buy Gridcoin (GRC) on Binance
There are several trading platforms today on the Internet, but clearly Binance is one of the most popular and innovative.
Learning how to buy Gridcoin (GRC) is vital if you want to get started operating on that platform.
Keep on reading this article and you will see everything you need to know about buying crypto on Binance.
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Discover ways to register on Binance
There’s only way to begin operating on the Binance platform: subscribing to it.
Subscribing on the platform is simple: check the following instructions.
Visit the Binance homepage and press on the "Register" button.
Click here to go straight to the Binance platform.
At this moment press the "Register with a phone or email" button.
Apple tablets or smartphones can be used as well.
In this guide, we’ll will explain how to do this with an email.
- In the window that will be shown, pick your country of residence from the drop-down list.
- Now, type your e-mail address and a password. Be well aware that you are going to trade your money, so you have to give relevance to the password you set up
- Now you must accept "Terms of Service" and, if you would want to get information, updates and news from Binance in your email address, check in the corresponding box
You surely have received an e-mail in the address you’ve just used for registering on the Binance platform. It will have a one-time-only activation code you will enter in the corresponding box. Then click on "Send"
That’s it! You are now and authorized subscriber of Binance.
It is a good idea to visit the different options of the Binance platform and become familiar with them.
This way you mayit will be possible to begin operating with Gridcoin (GRC) very easily.
The ID checking is a mandatory step you must fulfill to have access to all these options.
It is very important to notice that unless you fulfill this protection step, you’ll not be authorized to start operating with Gridcoin (GRC).
But no need to worry, continue reading the following section to know how to do it.
Verify your account to begin trading
See the following guidelines and become a certified subscriber:
Choose "Security" from the drop-down list under the user profile section
Another alternative is to move to the top of the navigator window and click on the "Verify" button
Locate the option "Identification" on the left side of the navigator window.
Country of residence should be picked here.
On this screen you’ll will immediately find 3 levels of verification:
- The current one.
- The Verified.
- The Verified Plus.
To begin, click on "Start now" located under the "Verified" level.
A new window will pop-up, and there you’re going to enter your personal info: Nationality, first name and surname, middle name and date of birth. Besides, make sure you provide the exact address of your residence
Here, the Binance platform will ask 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 formality.
In the next stage, you will have to take a selfie, according to the application’s guidelines.
After you have fulfilled the platform’s instructions, you will have to wait a short time while your account is confirmed.
When your profile has been accepted, the platform will send you an e-mail, just be patient.
The following instructions will guide you through the Gridcoin (GRC) trading process. As soon as you’ve received the confirmation email, you have become a Binance licensed Gridcoin (GRC) trader.
Learn to purchase Gridcoin (GRC) on Binance
Beginning your Gridcoin (GRC) trading career has never been so easy, right?.
In this section you’ll realize how simple is to buy a Gridcoin (GRC).
At this point, the Binance platform will require you to present a legal document for identity corroboration.
You can do this by using your passport, ID card, or driver’s license.
Follow the system instructions to take a selfie.
Now you will have to wait for a short period while an account verification process takes place.
When your application has been accepted, you’ll be informed via e-mail, just be patient.
Congratulations! Now you’re officially licensed to buy Gridcoin (GRC). See the guidelines that follow.
Buying Gridcoin (GRC) on Binance
So, account approved means you can begin purchasing Gridcoin (GRC) immediately.
Take a time to discover how to convert money into Gridcoin (GRC).
Some processes would probably have alternative paths
See the "Buy cryptos" menu on the Binance homepage to find out which options you have when making a purchase.
Needless to say you must log into your account to be able to do this
Hovering your mouse pointer over this key will show a list of alternatives for making your purchase.
Now you’ll need to provide a legal document to support your identity.
You can do this by using your passport, ID card, or driver’s license.
In the next step, you will be asked to take a selfie, according to the platform’s instructions.
When you have completed the platform’s guidelines, you’ll have to wait a moment while your account is confirmed.
Now you have to wait until your request has been accepted. Be patient, the system is going to send you an email.
The following instructions will guide you through the Gridcoin (GRC) trading process. As soon as you’ve got the confirmation email, you have become a Binance authorized Gridcoin (GRC) trader.
Buying Gridcoin (GRC) on Binance
So, account verified was all you needed to begin purchasing Gridcoin (GRC) immediately.
Take a time to understand how to convert money into Gridcoin (GRC).
Be aware that you could have more than one option for this process
The "Buy cryptos" menu on the Binance homepage should be your reference at buying time.
Needless to say you must log into your account to do this
Find all the different buying options just by hovering your mouse over this button.
Did you know you could use your credit or debit card for buying cryptos?
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
These guidelines will be helpful to continue the process:
Currency to be used and how much you will invest should be stated in the next box.
In the second field you must choose the Gridcoin (GRC) you wish to buy
When you do so, the platform will automatically display the number of Gridcoin (GRC) you will be given, considering the amount of USD you have recently specified.
After that, just follow the following guidelines:
In the next box, pick the currency you wish to use and specify how much you are going to invest.
The the Gridcoin (GRC) you’d like to buy must be indicated in the second field
When you do so, the system will immediately display the number of Gridcoin (GRC) you’ll be given, considering the amount of USD you’ve recently specified.
Click on "Continue".
Now you must indicate your method of payment. To pay with your credit card, choose in the "Visa/Mastercard" box the button "Add card".
Then the platform will ask you to indicate your CC details.
The following field is where you’ll specify the address the credit card is associated to. Write it exactly as it is, then select "Add card".
With this, your credit card will be added to the valid methods of payment in your account. Press "Continue".
The next screen will display a summary of the transaction about to be completed. It includes the amount you will pay, the chosen currency and the quantity of Gridcoin (GRC) purchased.
Certainly, Binance will take a small amount as a commission for making the purchase, and that will appear in that summary also.
At this point you have 1 minute to press "Confirm", otherwise the order will automatically expire.
The following step has to be done on the credit card bank platform. Follow the instructions in the same way you would pay with your card.
You can check your Binance digital wallet (referred to as the «Spot Wallet») when the banking process has been completed and you’ll see your recently bought Gridcoin (GRC) already there
Purchase Gridcoin (GRC) with Binance P2P
That is a transaction made «Person To Person», i.e.: trading Gridcoin (GRC)
with another Binance subscriber. To do this, the first step is to define which payment method you want to make use of.
Next, all the important details of the operation will be presented: the sum you are paying and the corresponding currency, and obviously, the cryptos you are going to receive.
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 press "Confirm", after that time the order will expire automatically.
The Binance platform will now redirect you to the credit card issuing bank. Then you will make a standard on-line payment using your credit card.
Your recently purchased Gridcoin (GRC) will be deposited to your Binance e-wallet (referred to as the «Spot Wallet») as soon as the banking process has been completed
Buy Gridcoin (GRC) through Binance P2P
This means «Person To Person», i.e.: exchanging Gridcoin (GRC)
with another Binance subscriber. You should state the payment method you would want to use first.
- Go to your account and press "Security".
- Choose "Payment" on the left-hand side of the screen.
- Press the "Add a Payment Method" button and follow the system directions.
Now that the new payment method has been included in your profile, go to the top bar of the navigator and pass over "Buy Crypto" to drop-down the list of options and select "Trading P2P". Then see the following steps:
- Click the "Buy" button found on the top bar of the "P2P Account" menu
- Here you can select the Gridcoin (GRC) you want, among all those available for buying through P2P trading. We use «USDT» in this example.Purchasing one of these Gridcoin (GRC) via P2P trading will allow the user to exchange it on the Binance platform for any of the currencies available.
- Now you should select the local currency you want to pay with, for example, «VES». Simply, place the list under the "Fiat" column.
- In the "Amount" box, indicate the amount in VES you would like to buy with.
- After you have defined the method of payment, the Binance system will show you a register of dealers’ ads.
- From the list displayed list, you may pick any of the sellers. Although it is recommendable to choose a verified one and better if a high percentage of completed sales is displayed.
- Select "Buy USDT"
- Enter the amount in VES you would want to invest
- Press "Buy USDT" again
- A buying order has been opened and the trader and you will be able to contact each other for details, if needed. You have a limited time to pay, if you fail doing so the order will be aborted by the system (and that’s not good for your rating as a buyer). Once you paid, press "Transferred, Next" and then press "Confirm".
The right way to transfer your Gridcoin (GRC) to the Spot Wallet
Cryptos will be released by the seller as soon as payment reception acknowledge has been done.
The default place where Gridcoin (GRC) are added to is your account wallet.
Take into account that your Gridcoin (GRC) must be in your Spot Wallet in order for you to purchase others, so you must move them there before.
That’s quite simple: just press "Transfer to Spot Wallet" immediately after the purchase order has been completed.
This Gridcoin (GRC) internal transfer can be done anytime later.
How you can transfer your Gridcoin (GRC) 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.
Nonetheless, you will have to send them to your Spot Wallet in order for you to get another cryptocurrency.
To get this done, you only need to press "Transfer to Spot Wallet" once the purchase order has been completed.
In the event you didn’t follow this step, don’t stress, you can do it later.
- Select "Wallet Funds" from the "Wallet" drop-down list.
- The "Transfer" option is located at the top right. Press it.
- A pop-up window will open, where you must change the options to:
- From: "Funds"
- To: "Fiat and Spot"
- For The purpose of this post, we use «USDT» as an example, but you’ll obviously select the currency you have
- Type the cryptos you are about to send to the spot walet and click "Confirm".
With these funds already in your Spot Wallet, don’t fear to purchase any crypto you believe might yield the greatest profit.
Buy any cryptocurrency from Binance just following the steps described below:
- Locate the "Trading" option in the top upper panel.
- In the listing choose the "Convert" option.
- Fill in the box the sum of «USDT» you would like to invest.
- Select the crypto you would like to buy.
- Select "Preview conversion".
- Confirm the operation and that’s it. You will have the funds of the chosen cryptocurrency in your Spot Wallet.
Perfect! Now you have money available to trade any of the huge selection of Gridcoin (GRC) in the Binance platform.
Note how simple is to purchase any cryptocurrency from Binance:
- In the top panel, loate the "Trading" menu.
- From the list select the "Convert" option.
- Fill in the box the amount of «USDT» you want to spend.
- Choose the cryptocurrency you would like to purchase.
- Select "Preview conversion".
- Confirm the operation and that’s all. You now will have the amount of the selected cryptocurrency in your Spot Wallet.
Depending on the above mentioned information, you are now ready to start trading on the Binance platform.
Don’t wait any further and begin earning some extra money.