Learn how to buy Grom (GR) on the Binance platform
No doubt one of the top trading platforms in the world today is Binance.
Therefore, the first thing you should to do if you need to start operating on it is to discover how to buy Grom (GR).
Keep on reading this article and you will discover all the information you need for purchasing crypto on Binance.
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Discover how to register on Binance
There’s only way to start trading on Binance: subscribing to it.
Hassle-free subscription: just follow the detailed guidelines listed below.
On the Binance main page you must locate the "Register" button and click on it.
You can access directly by clicking here.
Locate the "Register with a phone or email" button in the homepage and click on it.
Apple tablets or phones can be used as well.
Here we’ll will describe the registration technique using an email address.
- In the window that will be displayed, select your country of residence from the drop-down list.
- The next step is creating a secure password. This is quite relevant since it’s all about your money, so you have to create a strong one
- Choose if you want Binance to send news and information direct to your e-mail. Accept the "Terms of Service" and press "Create Account"
The Binance platform will immediately send an activation keycode (NB: this is NOT your password) that you’ll type it in the corresponding line, then click on "Send"
That’s all! You are now registered to Binance.
It is a good idea to browse the different options of the Binance platform and get acquainted to them.
That’s the best way to realize how practical the Binance platform is, and how quick you can start trading Grom (GR).
Fulfill the mandatory identity checking to enable all these options.
It is very important to note that unless you fulfill this safety step, you will not obtain permission to start operating with Grom (GR).
However, you don’t need to worry, see the following section to learn how to do it.
Verify your Binance account to start trading
To become a certified user you have to complete the steps below:
Choose "Security" from the drop-down list under the user profile button
Or just look for the "Verify" button on the upper part of the navigator window
In the list displayed on the left-hand area of the screen, click on the "Identification" option.
Now you should pick your country of residence.
You’ll will find three levels of verification:
- The one you already have.
- The Verified.
- The Verified Plus.
Press the "Start now" button under the "Verified" label, since this is the beginning level.
A pop-up window will be shown, and there you’ll have to provide your personal info: Nationality, first name and last name, middle name and birth date. Also, make sure you give the exact address of your residence
Now you’ll have to to show a legal document to verify your identity.
ID card, passport or even a driver’s license are all valid documents to fulfill this requirement.
Follow the system instructions to take a selfie.
After fulfilling all those requisites, the Binance system will perform a verification process on your account.
Now you have to wait until your profile has been approved. Be patient, Binance will send you an email.
The following instructions will guide you through the Grom (GR) buying process. As soon as you’ve received the confirmation e-mail, you’re a Binance authorized Grom (GR) trader.
Purchasing Grom (GR) on Binance
Now that you are subscribed to the Binance platform and got your account verified, you can start trading.
In this section you’ll discover how simple is to make a purchase of Grom (GR).
It is time to verify your identity using a legal document.
ID card, passport or even a license will be enough to complete this formality.
Follow the system instructions to take a selfie.
Once you have fulfilled the system’s requirements, you will have to wait a short time while your account is verified.
Now you must wait until your request has been accepted. Be patient, the system will send you an e-mail.
After that, it’s time to buy Grom (GR), to do so follow the instructions below.
Buying Grom (GR) on Binance
Now that you have subscribed to the Binance platform and have your account verified, you can start trading.
In this section you’ll learn how simple is to buy a Grom (GR).
Take into account that you have more than one option for this process
To find out which options you have when making a purchase, look for the "Buy cryptos" menu on the Binance homepage.
You should, of course, make this happen once you are logged into your account
Find all the different buying options just by hovering your mouse over this button.
Next, you’ll have to to show a legal document to sustain your identity.
You can do this by using your ID card, passport, or license.
Now the system will ask you to take a selfie under certain conditions.
After fulfilling all those requirements, the Binance platform will perform a confirmation process on your account.
Once your request has been accepted, the system is going to send you an email, just be patient.
Congratulations! Now you’re officially licensed to trade Grom (GR). See the guidelines that follow.
How to buy Grom (GR) on Binance
So, account validated was all you needed to begin buying Grom (GR) right now.
In this section you’ll realize how easy is to invest your money in Grom (GR).
You will probably have more than one option throughout the process
The "Buy cryptos" menu on the Binance homepage should be your reference at buying time.
Obviously, you’ll only be able to do this after you’ve logged in
Placing your mouse pointer over this key will display a list of alternatives for making your purchase.
Did you know you can use your debit or credit card for buying cryptos?
Pick the credit card-related option from the "Buy Cryptos" drop-down menu.
The following guidelines will be helpful to continue the process:
Currency to be used and amount of the investment must be specified here.
In the next field you should select the Grom (GR) you intend to buy
Depending on the amount of USD you have previously indicated, the platform will immediately display the number of Grom (GR) you are going to receive.
These directions will help you in the process:
Currency preferred and how much you will invest must be specified here.
Next, select the Grom (GR) you’re going to purchase
Depending on the amount of USD you’ve recently stated, the platform will immediately display the quantity of Grom (GR) you are going to receive.
Click "Continue".
Now it’s time to indicate the method of payment you’ll use. To pay with your credit card, choose in the "Visa/Mastercard" field the button "Add card".
Type your credit card numbers and click "Next".
Now enter the physical address details of the CC. Following this, select "Add card".
When you see your card has been added, click on "Continue".
The next screen will display a snapshot of the transaction about to be completed. That includes the sum you will pay, the selected currency and the quantity of Grom (GR) bought.
It will also let you know the commission will be charged for the purchase.
In less than 1 minute click on "Confirm", and then the order will be automatically aborted.
The system will now reroute you to the bank issuing the credit card. Then you will complete a normal on-line payment using your credit card.
Your recently purchased Grom (GR) will be available in your Binance e-wallet (called the «Spot Wallet») when the banking process is complete
Purchase Grom (GR) with Binance P2P
A different way to buy crypto is to exchange it
with another person. Payment method is the first parameter you will indicate.
Next, all the relevant details of the operation will be displayed: the sum to be charged on your credit card and the corresponding currency, and obviously, the cryptos you will receive.
In fact, Binance will charge you a small amount as a commission for supporting the operation, and it will appear in that quick view also.
You have 1 minute to click on "Confirm", otherwise the order will automatically expire.
After this, you will be redirected towards the site of the bank issuing the credit card. Follow the steps in the same way you would generate a payment with your card.
When the banking procedure has been completed, you’ll have your recently bought Grom (GR) in your Binance digital wallet (called the «Spot Wallet»)
Buy Grom (GR) via Binance P2P
This means «Person To Person», i.e.: exchanging Grom (GR)
with another Binance subscriber. Method of payment is the first parameter you must indicate.
- Go to the "Security" section of your profile.
- Click on "Payment" on the left-hand side of the screen.
- Press the "Add a Payment Method" button and follow the system guidance.
After you finished adding the new payment method to your profile, move to the "Buy Crypto" menu (upper part of the display), find the "Trading P2P" option, and follow the instructions below:
- Press the "Buy" button on the top bar of the "P2P Account" menu
- This bar shows the list of Grom (GR) available for purchase via P2P operations. Select the one you want, here we will use «USDT» as an example.It is important to note that when you purchase one of these cryptocurrencies via P2P trading, you’ll be able to exchange it for any of the currencies that operate on the Binance platform.
- Locate the "Fiat" column on the upper tabs and reveal the drop-down list to see all valid currencies. We’ll use «VES» in this example.
- Use the "Amount" box to enter the sum in VES you’re going to spend to purchase Grom (GR).
- Choose the method of payment and wait for the platform to show you all of the traders’ ads.
- Any of the traders displayed in the list can be selected, although it is advisable to choose a verified one (see the blue diamond badge), and better, a high-volume seller (golden star mark).
- Select "Buy USDT"
- In this step, the amount you want to pay in VES must be entered
- Again, click on "Buy USDT"
- That will open a purchase order where you will be in touch with the trader. Pay within the established time and click on "Transferred, Next" and then press "Confirm".
Tips on how to transfer your Grom (GR) to the Spot Wallet
Cryptos will be released by the trader as soon as payment reception acknowledge has been done.
This way, they will instantly be deposited into your wallet.
Take into account that your Grom (GR) must be in your Spot Wallet in case you want to purchase others, so you must move them there before.
You can move them immediately immediately after the buying order has been completed just by clicking "Transfer to Spot Wallet".
In the event you didn’t follow this step, don’t fear, you can move the cryptos later.
Ways to transfer your Grom (GR) to the Spot Wallet
Once you have completed a payment to the trader, they are going to release the Grom (GR), just by confirming payment reception.
The default place where Grom (GR) are deposited is your Binance wallet.
NB: you will need to send them to your Spot Wallet in order for you to get another cryptocurrency.
That’s easy: just press "Transfer to Spot Wallet" once the buying order is completed.
Should you forget to follow this step right after the purchase, there’s nothing to worry about: you’ll be able to do it later.
- Select "Wallet Funds" from the "Wallet" drop-down menu.
- Locate the "Transfer" button on the upper right area of the navigator window and press it.
- A pop-up window will open, where you should change the options to:
- From: "Funds"
- To: "Fiat and Spot"
- Select the currency in which you have money, in the example here we use «USDT»
- Enter the amount you are moving to the spot walet and press "Confirm".
All right! Now you have funds available to purchase any of the several Grom (GR) in the Binance platform.
To purchase Grom (GR) from Binance what you just have to do is described below:
- Pick the "Trading" menu in the top upper panel.
- From the list select the "Convert" option.
- Enter the amount of «USDT» you would like to spend.
- Select the crypto you would like to buy.
- Press "Preview conversion".
- Confirm the transaction and that’s it. You will have the funds of the chosen cryptocurrency in your Spot Wallet.
With these funds already in your Spot Wallet, nothing keeps you from trading any crypto you believe might be worthwhile.
Buy any crypto from the Binance platform just following the instructions detailed next:
- In the upper section, select the "Trading" option.
- From the list select the "Convert" alternative.
- Type the sum of «USDT» you want to spend.
- Select the cryptocurrency you would like to get.
- Click on "Preview conversion".
- Validate the transaction and that’s it. Now you will have the amount of the chosen crypto in your Spot Wallet.
Based on this information, you are now ready to start trading on Binance.
So, no need to think twice, make a fruitful business in the Binance platform.