Learn how to purchase Grin (GRIN) on Binance
There is no doubt one of the top trading platforms in the world nowadays is Binance.
Learning how to buy Grin (GRIN) is crucial if you want to begin operating on that platform.
Prior to stepping into the exciting world of cryptocurrency within the Binance platform, you must get acquainted with the following.
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Discover how to register on Binance
There’s only way to begin operating on the Binance platform: opening an account in it.
Subscribing onto the platform is easy: see the following instructions.
On the Binance homepage you have to locate the "Register" button and click on it.
You may log in directly by pressing here.
Right now press the "Register with a phone or email" button.
Apple devices can be used to do this as well.
For the purpose of this article, the email address registration process will be shown.
- 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 need to create a strong one
- Choose whether you would want Binance to send information and news direct to your email. Accept the "Terms of Service" and press "Create Account"
Check the inbox in the email address you utilized for subscription and look for the activation code for your Binance account. Write it in the corresponding line and click on "Send"
And that’s it! You are now and authorized subscriber of Binance.
It would be a good idea to have a walk through the different options of the Binance platform and get acquainted to them.
That’s the best way to understand how practical the Binance platform is, and how fast you can begin operating with Grin (GRIN).
To have access to those options, the first thing you have to do is fulfill the identity checking.
Please, be well aware that it is only after you have fulfilled this security measure that you’ll get permission to begin operating with Grin (GRIN).
In the following paragraphs, you’ll learn how to do it. Zero problems.
Learn to complete the verification of your account and begin trading
These are the steps to verify your Binance subscription and get authorized to start operating:
On the main screen, place the mouse pointer on the user profile menu and a list will immediately drop down where you will need to press "Security"
Or simply look for the "Verify" button on the top of the screen
Locate the option "Identification" on the left part of the navigator window.
Choose your Country of Residence.
It will display you 3 levels of verification: the one you already have, the Verified, and the Verified Plus.
Begin by clicking on "Start now" just under the "Verified" level.
A new window will pop-up, and there you will be required to provide your personal info: Nationality, first name and last name, middle name and date of birth. Also, make sure you give the exact address of your residence
At this point, the Binance platform will require you to use a legal document for identity verification.
Use your passport, ID card or even your driver’s license to complete this step.
Follow the system requirements to take a selfie.
After fulfilling all those requisites, the Binance system will carry out a verification process on your account.
All you have to do is wait patiently, Binance is going to let you know via e-mail when your application has been accepted.
The following instructions will guide you through the Grin (GRIN) trading process. As soon as you’ve received the confirmation email, you are a Binance licensed Grin (GRIN) trader.
Buying Grin (GRIN) on Binance
OK, account confirmed was all you needed to begin buying Grin (GRIN) right now.
Learning how to invest your money in Grin (GRIN) is actually quite easy.
The next step is to support your identity using a legal document.
passport, ID card or even a driver’s license are all valid documents to fulfill this formality.
In the next stage, you will be asked to take a selfie, following the application’s guidelines.
Now you’ll have to wait for a short period while an account confirmation process takes place.
Now you have to wait until your request has been accepted. Be patient, the system is going to let you know via e-mail.
Congrats! Now you’re officially authorized to trade Grin (GRIN). See the guidelines that follow.
Learn to buy Grin (GRIN) on Binance
Now that you are subscribed to the platform and got your account verified, you can begin trading.
In this segment you’ll discover how simple is to buy a Grin (GRIN).
Some processes would probably have optional paths
To find out which options you have when buying, see the "Buy cryptos" menu on the Binance main page.
Needless to say you must log into your account to do this
Uncover all the different buying options just by placing your mouse over this button.
Now you’ll have to to use a legal document to verify your identity.
You can do this with your ID card, passport, or driver’s license.
In the next step, you will have to take a selfie, according to the application’s guidance.
Now you will have to wait for a short period while an account confirmation process is performed.
When your profile has been approved, you’ll be informed via e-mail, just be patient.
Upon receiving that email it’s time to buy Grin (GRIN), just see the instructions below.
Buying Grin (GRIN) on Binance
Since you have subscribed to the platform and got your account approved, you are able to begin trading.
The first thing is to understand how to invest your money in Grin (GRIN).
Some steps might have optional paths
Browse through the "Buy cryptos" menu on the Binance homepage to find out which options can be found when making a purchase.
You need to, of course, try this after you’ve logged into your account
Hovering your mouse pointer over this key will display a list of alternatives for making the purchase.
Buying Grin (GRIN) with a credit/debit card
Go to the "Buy Cryptos" and pick the credit card-related option from the menu.
After that, just follow these directions:
Currency to be used and how much you will invest should be indicated here.
Next, choose the Grin (GRIN) you are going to get
Considering the amount of USD you’ve just defined, the system will automatically display the number of Grin (GRIN) you are going to get.
After that, just stick to the following instructions:
In the next box, choose the currency you want to use and indicate the amount you are going to invest.
The the Grin (GRIN) you wish to buy must be selected from the second field
When you do so, the system will automatically show you the quantity of Grin (GRIN) you’ll get, according the amount of USD you have previously defined.
Next click "Continue".
If you want to pay with a credit card, choose in the "Visa/Mastercard" field the option "Add card".
Credit card numbers must be completed in this step, then click "Next".
Now specify the physical address details for the credit card. Then select "Add card".
Press "Continue" once you check your card has been successfully added to your user profile as a new method of payment.
The next screen will display a summary of the transaction in its final stage. That includes the sum you are paying, the selected currency and the quantity of Grin (GRIN) bought.
In fact, Binance will take a small amount as a commission for making the purchase, and it will be shown in that overview as well.
You have 1 minute to press "Confirm", otherwise the order will be automatically canceled.
Next, you’ll be redirected to the bank platform the credit card belongs to. Proceed just as you do when making a payment using your card on the bank website.
As soon as the banking process has been completed, you’ll have your recently purchased Grin (GRIN) in your Binance e-wallet (referred to as the «Spot Wallet»)
Purchase Grin (GRIN) via Binance P2P
This means «Person To Person», i.e.: trading Grin (GRIN)
with another Binance user. To get this done, the first step is to indicate the payment method you want to apply.
Next, all the relevant details of the operation will be presented: the sum to be charged on your credit card and the corresponding currency, and obviously, the cryptos you will receive.
Obviously, Binance will charge you a certain percentage as a commission for making the operation, and that will be shown in that snapshot also.
Within the next 60 seconds press "Confirm", after that time the order will be automatically terminated.
Next, you will be redirected to the banking platform the credit card belongs to. Proceed just as you do when making a standard online credit card payment.
You may take a look at your Binance e-wallet (referred to as the «Spot Wallet») once the banking process is complete to find your recently purchased Grin (GRIN) already credited
Buy Grin (GRIN) through Binance P2P
Another option you may use to buy a cryptocurrency is to trade it
with another subscriber. To achieve this, the first step is to indicate which payment method you would want to apply.
- Go to your profile and select "Security".
- Choose "Payment" on the left-hand side of the screen.
- Press the "Add a Payment Method" button and follow the platform instructions.
Now that the new payment method has been added to your account, go to the upper part of the display and hover on "Buy Crypto" to drop-down the list of options and choose "Trading P2P". Then see the following steps:
- Click the "Buy" button located on the top bar of the "P2P Account" tab
- In this bar you’ll find the list of Grin (GRIN) available for buying through P2P trading. Pick the one you would like to buy, in our case we will use «USDT» as an example.Note that any Grin (GRIN) purchased in P2P trading could be exchanged by any of the foreign currencies available on Binance.
- Now you should select the local currency you want to pay with, for instance, «VES». Simply, see the drop-down list under the "Fiat" column.
- You must enter the amount in VES you’d like to spend in the "Amount" box.
- After you’ve stated the method of payment, the Binance system will display a list of traders’ offers.
- From the list list shown, you may pick any of the sellers. It is advisable to choose a verified one and better if a good percentage of completed sales is displayed.
- Select "Buy USDT"
- Type the amount in VES you would like to pay
- Again, click on "Buy USDT"
- Now a buying order has been generated and you’ll be able to contact the trader. Make the payment, click on "Transferred, Next", then press "Confirm". Be aware that there’s a time limit for you to pay.
Tips on how to transfer your Grin (GRIN) to the Spot Wallet
The trader, upon confirming payment reception, will immediately release the Grin (GRIN).
The place where Grin (GRIN) are transferred to is your account wallet.
Note that you will need to move them to your Spot Wallet in order for you to buy another crypto.
To do this, you only need to press "Transfer to Spot Wallet" right after the buying order has been completed.
This Grin (GRIN) internal movement can be done whenever you need.
How to transfer your Grin (GRIN) to the Spot Wallet
Cryptocurrencies will be released by the seller as soon as payment reception acknowledge has been done.
You may verify your wallet account balance to confirm reception.
Take into account that your Grin (GRIN) must be in your Spot Wallet in order for you to get others, so you must send them there before.
To get this done, you only need to press "Transfer to Spot Wallet" once the purchase order has been completed.
If you forget to do this right after the purchase, no problem at all: you’ll always be able to do it at any moment.
- Hover the mouse upon "Wallet" and select "Wallet Funds" from the drop-down list.
- Now click on the "Transfer" option on the upper right area of the navigator window.
- A new window will pop-up, where you should configure the options to:
- From: «Funds»
- To: «Fiat and Spot»
- Select the currency corresponding to the funds you have in the platform, in this example we’ll use «USDT»
- Set the amount you are about to send for the Exchange and click "Confirm".
That’s it! This way you will have funds in the Spot Wallet and you will be able to trade any of the several of Grin (GRIN) that the Binance platform has.
Purchase any crypto from the Binance platform just following the instructions detailed below:
- In the top section, loate the "Trading" menu.
- Pick "Convert" from the list.
- Indicate the amount of «USDT» you want to invest.
- Choose the cryptocurrency you intend to purchase.
- Choose "Preview conversion".
- Confirm the transaction and that’s all. You now will have the amount of the chosen crypto in your Spot Wallet.
All right! Now you have money available to buy any of the numerous Grin (GRIN) in the Binance platform.
Note how simple is to buy any crypto from the Binance platform:
- Find the "Trading" option in the top section.
- Pick "Convert" from the list.
- Fill in the box the sum of «USDT» you would like to spend.
- Select the cryptocurrency you wish to get.
- Click on "Preview conversion".
- Confirm the operation and that’s it. You now will have the funds of the chosen crypto in your Spot Wallet.
You’ve already seen how easy is to start trading Grin (GRIN) on Binance.
So, no time to waste, make a fruitful business within the Binance platform.