How to purchase HODL (HODL) on the Binance platform
There is no doubt one of the top trading platforms in the world nowadays is Binance.
Understanding how to trade with HODL (HODL) is essential if you’d like to start trading on that platform.
The goal of this post is to guide the reader on how to purchase HODL (HODL) on the Binance HODL (HODL) platform.
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Be able to register on Binance
Subscribing to the Binance platform is the very first step you must do.
Registering onto the Binance platform is quite easy: check the following guidelines.
Search for the "Register" option in the Binance main page and press on it to begin the registration process.
You have the direct link here.
In the Binance main page you’ll find a button labeled "Register with a phone or email". Click on it.
This can also be done with any iOS smartphone.
In this article, we’ll will describe how to register with an e-mail.
- In the window that is displayed, choose your country of residence from the drop-down list.
- The next step is choosing a safety password. This is crucial since it’s all about your money’s safety, so you have to invent a strong one
- Choose if you want Binance to send news and information direct to your e-mail. Accept the "Terms of Service" and click on "Create Account"
By now, you should have received an email sent to the address you’ve just used for creating your Binance account. In its text you’ll see an activation password you will enter in that page. Then press "Send"
Finally, your Binance enrollment is active.
Take a time to become familiar with the different options of the Binance platform by navigating through them.
That’s the best way to know how practical the Binance platform is, and how fast you can begin operating with HODL (HODL).
To have access to those options, the first thing you have to do is complete the ID verification.
Please, note that it will be only after you have completed this security step that you’ll obtain permission to begin trading HODL (HODL).
No big deal, though. Continue reading through the following section to fulfill that step.
How to complete the verification of your Binance account and put hands on trading
Read the next guidelines and become a certified end user:
From the user profile menu, choose "Security"
Or just look for the "Verify" button on the top of the navigator window
In the list shown on the left-hand area of the navigator window, press on the "Identification" option.
Choose the Country of Residence.
It will display you three verification levels: the current one, the Verified, and the Verified Plus.
To begin, you must select "Verified", clicking on the "Start now" button below that label.
At this point, you must provide some personal information:
- Nationality.
- First and Last Name.
- Second name and birth date.
- Exact address of your residence.
- Middle name and birth date.
- Middle name and birth date.
At this point, the Binance platform will ask you to show a legal document for identity corroboration.
Use your ID card, passport or even your license to complete this step.
Now, you will be asked to take a selfie, according to the application’s requirements.
After you have completed the system’s requisites, you’ll have to wait a while for the confirmation to be performed on your account.
Now be patient, Binance is going to send you an email when your profile has been accepted.
The following instructions will guide you through the HODL (HODL) buying process. As soon as you’ve got the confirmation email, you’re a Binance authorized HODL (HODL) trader.
Buying HODL (HODL) on Binance
Beginning your HODL (HODL) trading adventure has never been so simple, right?.
The first thing is to know how to make a purchase of HODL (HODL).
Now you’ll need to show a legal document to support your identity.
Use your ID card, passport or even your license to complete this step.
Now the platform will ask you to take a selfie under certain conditions.
The final step will be made by the Binance platform: a corroboration process that will just take a while.
Now you must wait until your request has been approved. Be patient, the system is going to let you know via e-mail.
Congratulations! Now you’re officially enabled to operate with HODL (HODL). The following instructions will be helpful.
Buying HODL (HODL) on Binance
Now that you are subscribed to the Binance platform and have your account confirmed, you’re OK to start trading.
Understanding how to invest your money in HODL (HODL) is actually quite easy.
Take into account that you could have more than one option for this process
Use the "Buy cryptos" menu on the Binance main page to find out which alternatives can be found when making a purchase.
Certainly, you’ll only be able to do this once you are logged in
Uncover all the different buying options just by hovering your mouse over this button.
The next step is to check your identity with a legal document.
You can do this by using your ID card, passport, or license.
Follow the system guidance to take a selfie.
Now you will have to wait for a short period while an account confirmation process is performed.
Now you have to wait until your application has been approved. Be patient, the system will send you an e-mail.
Congratulations! As soon as you’ve received the confirmation you’re officially authorized to operate with HODL (HODL). See the guidelines that follow.
Purchasing HODL (HODL) on Binance
All right, account validated was all you needed to begin purchasing HODL (HODL) right now.
In this section you’ll realize how easy is to convert money into HODL (HODL).
Some processes would probably have optional paths
Look for the "Buy cryptos" menu on the Binance homepage to know which options you have when buying.
You have to, of course, do that after you’ve logged into your account
Placing your mouse pointer over this option will show a list of alternatives to make your purchase.
Did you know you could use your credit or debit card to purchase HODL?
Go to the "Buy Cryptos" and pick the credit card-related option from the menu.
These guidelines will be helpful to continue the process:
Currency preferred and how much to invest should be stated in the next box.
The the HODL (HODL) you wish to purchase should be selected from the second field
The quantity of HODL (HODL) you are going to be given will depend upon the amount of USD you’ve previously indicated. The Binance platform will immediately display it.
Continue reading for detailed guidelines:
Currency to be used and amount of the investment should be defined in the next box.
In the second field you should select the HODL (HODL) you’d like to buy
After you do so, the platform will immediately show you the number of HODL (HODL) you’ll be given, taking into account the amount of USD you have previously defined.
Next click "Continue".
To include your credit card as a payment method, go to the "Visa/Mastercard" box and click on the "Add card" option.
CC details must be indicated in this step, then click "Next".
In this step you must write the physical address details for the CC. Then select "Add card".
Now that your new card has been successfully added, press "Continue".
The next screen will display an overview of the operation in its final stage. It includes the sum you are paying, the selected currency and the quantity of HODL (HODL) purchased.
It will also show you the commission you should pay for the operation.
Within the next 60 seconds click on "Confirm", there after the order will expire automatically.
The Binance platform will now redirect you to the credit card issuing bank. Proceed just as you do when making a normal online credit card payment.
You can check your Binance digital wallet (called the «Spot Wallet») once the banking process has been finished and you’ll find your recently purchased HODL (HODL) already there
Purchase HODL (HODL) with Binance P2P
You can buy HODL (HODL) not only via a direct purchase, but exchanging them «Person To Person»
with another Binance trader as well. Payment method is the first setting you must state.
Next, all the important details of the transaction will be displayed: the sum you’ll pay and the corresponding currency, and of course, the cryptos you will receive.
Indeed, Binance will charge you a small amount as a commission for supporting the transaction, and that will be shown in that quick view also.
Within the next 60 seconds press "Confirm", from then on the order will expire automatically.
The platform will now send you to the bank issuing the credit card. Follow the instructions in the same way you would normally make a payment with your credit card.
You can check your Binance e-wallet (called the «Spot Wallet») as soon as the banking process has been done and you’ll find your recently bought HODL (HODL) already credited
Learn how to purchase HODL (HODL) through Binance P2P
A different way to purchase a cryptocurrency is to exchange it
with another user. In that case, you should define the payment method you want to work with first.
- Go to your account and select "Security".
- Locate the "Payment" option in the menu you’ll see on the left-hand side of the screen and choose it.
- After Selecting "Add a Payment Method" the Binance system will guide you through the rest of the process.
When the new method of payment has been included in your account, look for the "Buy Crypto" menu in the upper part of the screen, click the "Trading P2P" option and follow the instructions described below:
- On the top bar of the "P2P Account" tab, choose "Buy"
- Here you can choose the HODL (HODL) you want, among all those available for purchase via P2P operations. We will use «USDT» in this example.It is important to note that when you buy one of these cryptocurrencies via P2P trading, you’ll be able to exchange it for any of the currencies valid in the Binance platform.
- Look for the "Fiat" label on the upper tabs and deploy the drop-down list to see all available currencies. We’ll use «VES» in this example.
- In the "Amount" box, input the sum in VES you intend to invest.
- You will be able to see a register of dealers’ ads a little while after you define the method of payment.
- From the list list shown, you may pick any of the sellers. However, it is advisable to choose one with the «Verified» mark and better if a high percentage of completed sales is displayed.
- Next press "Buy USDT"
- Write the amount in VES you would want to pay
- Press "Buy USDT" again
- A buying order has been created and the trader and you will be able to contact each other for details, if needed. You have a time limit to complete, otherwise the order will be shut down by the system (and that’s not good for your reputation as a buyer). Once you have paid, press "Transferred, Next" and then press "Confirm".
How you can transfer your HODL (HODL) to the Spot Wallet
The seller, upon confirming money reception, will automatically release the HODL (HODL).
You may see your wallet Binance balance to confirm reception.
Take into account that your HODL (HODL) must be in your Spot Wallet in case you want to buy others, so you will need to move them there before.
To accomplish this, you only need to click on "Transfer to Spot Wallet" immediately after the buying order is completed.
In the event you didn’t follow this step, don’t stress, you can do it at any other moment.
How you can transfer your HODL (HODL) to the Spot Wallet
The trader, upon receiving your payment, will automatically release the HODL (HODL).
You may check your wallet account balance to confirm reception.
Note that you will need to transfer them to your Spot Wallet in case you would want to get any other cryptocurrency.
To do this, all you have to do is press "Transfer to Spot Wallet" immediately after the purchase order is completed.
This HODL (HODL) internal movement can be performed anytime later.
- Drop the "Wallet" menu down and click on the "Wallet Funds" option.
- The "Transfer" button is located at the top right. Click on it.
- In the pop-up window, swap the «From» and «To» options to the following configuration:
- From: "Funds"
- To: "Fiat and Spot"
- Choose the currency according to your funds in the platform, in this example we’ll use «USDT»
- Enter the amount you are sending to the spot walet and press "Confirm".
That’s all! Now you will have money in the Spot Wallet so you will be able to purchase any of the numerous HODL (HODL) that the Binance platform has.
Purchase any crypto from Binance just following the instructions described below:
- In the top panel, loate the "Trading" menu.
- From the list choose the "Convert" option.
- Fill in the box the amount of «USDT» you want to invest.
- Choose the cryptocurrency you wish to buy.
- Press "Preview conversion".
- Validate the operation and that’s all. You will have the amount of the selected cryptocurrency in your Spot Wallet.
Perfect! Now you have funds available to purchase any of the several HODL (HODL) in the Binance platform.
Buy any cryptocurrency from the Binance platform just following the steps described next:
- Select the "Trading" menu in the top top section.
- Click on "Convert" from the list.
- Enter the sum of «USDT» you want to invest.
- Choose the cryptocurrency you intend to get.
- Choose "Preview conversion".
- Confirm the transaction and that’s it. You now will have the funds of the chosen crypto in your Spot Wallet.
This text surely pictured you a wide panorama of what Binance is and how you can trade HODL (HODL) on it.
Cryptos have come to stay, and Binance is a safe and friendly site to do business. Begin right now!