How to purchase Element (HYP) on the Binance platform
There are many trading platforms today on the Internet, but certainly Binance is among the most popular and reputed.
However, if you wish to begin operating on it, the first thing you should do is to discover ways to get Element (HYP).
This post is intended to guide you on how to trade with Element (HYP) on the Binance Element (HYP) platform.
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Understand how to register on Binance
To be capable of buying Element (HYP) on Binance, the vital thing you have to know is how to subscribe.
Simply follow each of the guidelines listed below.
Search for the "Register" option in the Binance main page and click on it to begin the registration process.
You have the direct access here.
Once on the Binance platform press the "Register with a phone or email" button.
You can also do this using your iOS tablet.
For the purpose of this guide, the e-mail address subscription process will be described.
- From the drop down list of countries, select the one you’re living in.
- Following, write your e-mail address and a password. Bear in mind that you are going to trade money, so you have to give relevance to the password you select
- Now you must accept "Terms of Service" and, if you want to receive information, news and updates from Binance in your email address, mark in the corresponding box
Binance will immediately send an activation keycode (NB: this is NOT your password) that you’ll type it in the corresponding line, then press "Send"
Finally, your Binance account has been activated.
It would be a good idea to visit the different options of the Binance platform and get acquainted to them.
You’ll immediately notice how simple is to start trading Element (HYP).
Complete the required ID checking to enable all those options.
Notice: No Element (HYP) operation will be permitted if you skip this protection measure.
But no need to worry, see the next instructions to learn how to do it.
Verify your Binance account to start out trading
Read the next guidelines and become an authorized end user:
On the main page, place the mouse pointer on the user profile menu and a list will immediately show up where you will press "Security"
Another option is to move to the upper part of the screen and click on the "Verify" button
In the list shown on the left-hand part of the screen, pick the "Identification" option.
Country of residence must be chosen here.
On this screen you’ll will immediately see three levels of verification:
- The one you already have.
- The Verified.
- The Verified Plus.
Here you should select "Verified", pressing the "Start now" option below that label.
Then a pop-up window will display and there you should tytpe the following information:
- Nationality.
- First and Last Name.
- Second name and birth date.
- Residence address (exact).
Here, the Binance platform will require you to present a legal document for identity verification.
ID card, passport or even a license will be enough to complete this requirement.
Now the system will ask you to take a selfie under certain conditions.
Now you’ll have to wait for a short time while an account verification process takes place.
When your application has been approved, you will be informed via email, just be patient.
The following instructions will guide you through the Element (HYP) purchasing process. As soon as you’ve got the confirmation email, you are a Binance licensed Element (HYP) trader.
Purchasing Element (HYP) on Binance
Beginning your Element (HYP) trading experience has never been so easy, right?.
The first thing is to discover how to make a purchase of Element (HYP).
The next step is to verify your identity with a legal document.
You can do this with your ID card, passport, or license.
Now the platform will require you to take a selfie under certain conditions.
Now you will have to wait for a short time while an account confirmation process is performed.
Now you must wait until your application has been approved. Be patient, Binance is going to let you know via email.
Upon receiving that email it’s time to get Element (HYP), just follow the guidelines below.
Buying Element (HYP) on Binance
Now that you have subscribed to the platform and have your account validated, you can start trading.
In this segment you’ll discover how simple is to convert cash into Element (HYP).
Be aware that you have more than one option for this process
The "Buy cryptos" menu on the Binance main page will be your reference at buying time.
You have to, of course, do this after you’ve signed into your account
Place your mouse over this button and a list of buying alternatives will be shown.
At this point, the Binance platform will require you to provide a legal document for identity verification.
You can do this with your passport, ID card, or license.
Now the platform will require you to take a selfie under certain conditions.
Once you have completed the platform’s requirements, you’ll have to wait a short time while your account is verified.
Now you must wait until your application has been approved. Be patient, Binance is going to let you know via email.
After that, it’s time to buy Element (HYP), to do so follow the guidelines below.
Buying Element (HYP) on Binance
Now that you have registered on the platform and have your account confirmed, you are OK to start trading.
Understanding how to convert money into Element (HYP) is actually quite easy.
Some steps might have optional paths
The "Buy cryptos" menu on the Binance main page should be your reference at buying time.
Certainly, you’ll only be able to do this if you’re logged in
Placing your mouse pointer over this button will show a list of alternatives for making your purchase.
Buying Element (HYP) using a credit/debit card
Go to the "Buy Cryptos" and pick the credit card-related option from the menu.
These guidelines will be helpful to continue the process:
Now you should select the currency you wish to buy with and specify how much you want to invest.
Next, pick the Element (HYP) you’re going to purchase
The quantity of Element (HYP) you are going to get will depend upon the amount of USD you have recently indicated. The Binance system will immediately show it to you.
The following instructions will help you in the process:
In the next box, pick the currency you want to use and specify how much you are going to invest.
Next, pick the Element (HYP) you’re going to purchase
Depending on the amount of USD you’ve just stated, the system will immediately display the quantity of Element (HYP) you are going to receive.
Click on "Continue".
To use your Visa/MC credit card as a payment method, go to the "Visa/Mastercard" box and click on the "Add card" button.
CC data must be typed in this step, then press "Next".
Now state the physical address details for the card. After this, select "Add card".
With this step, your card will be added to the payment methods in your user profile. Press "Continue".
Next, you’ll be presented a snapshot of the transaction about to be completed. It includes the sum you are paying, the chosen currency and the amount of Element (HYP) bought.
It will also let you know the commission you must pay for the operation.
Now you must acknowledge the order pressing the "Confirm" button within the following 60 seconds, or it will be automatically aborted.
Next, you’ll be sent towards the site of the credit card issuing bank. There you should make a standard online payment with your credit card.
When the banking process has been done, you are already in possession of the recently purchased Element (HYP) in your Binance digital wallet (referred to as the «Spot Wallet»)
Buy Element (HYP) through Binance P2P
That is a transaction made «Person To Person», i.e.: trading Element (HYP)
with another Binance trader. To get this done, the first step is to specify which payment method you want to use.
Next, you’ll see a summary of the transaction about to be completed. It includes the sum your card will be charged, the selected currency and the amount of Element (HYP) purchased.
It will also let you know the commission will be charged for the operation.
Now you have to acknowledge the order pressing the "Confirm" button during the next minute, or it will be automatically canceled.
The following step has to be carried out on the credit card banking webpage. Proceed exactly as you do when making a payment with your credit card on the bank website.
You can take a look at your Binance e-wallet (called the «Spot Wallet») after the banking process has been done to see your recently bought Element (HYP) already credited
Know how to purchase Element (HYP) through Binance P2P
Another option you may use to purchase a cryptocurrency is to trade it
with another trader. Payment method is the first parameter you must define.
- Go to your account and press "Security".
- Look for the "Payment" option in the menu you’ll see on the left-hand side of the screen and select it.
- Once the "Add a Payment Method" button is pressed the Binance system will guide you through the rest of the procedure.
Now that the new payment method has been included in your profile, go to the top bar of the navigator and hover on "Buy Crypto" to drop-down the menu and click on "Trading P2P". Then see the following steps:
- Press the "Buy" option found on the upper bar of the "P2P Account" menu
- In this bar you will see all the Element (HYP) available for buying through P2P operations. Pick the one you would like to buy, here we use «USDT» as an example.It is important to note that once you purchase one of these cryptocurrencies via P2P trading, you will be able to exchange it for any of the foreign currencies that operate on the Binance platform.
- Choose the local currency you want to use from the drop-down menu under the "Fiat" column, for example, «VES».
- Now you need to enter the amount in VES you’re going to use in the "Amount" box.
- After you’ve selected the payment method, the platform will show you a register of traders’ ads.
- Locate a seller from the displayed list. We recommend that you pick a verified one with a high completed sales rate.
- Now select "Buy USDT"
- In this step, the amount you want to invest in VES must be entered
- Click on "Buy USDT" again
- This will open an order where you will be in touch with the trader. Make the payment within the time limit and click on "Transferred, Next" and then press "Confirm".
Ways to transfer your Element (HYP) to the Spot Wallet
Once you have completed a payment to the seller, they will release the Element (HYP), just by confirming invoice of the payment.
This way, they will instantly be deposited into your wallet.
NB: you must move them to your Spot Wallet in order for you to get another crypto.
You can do this immediately right after the purchase order has been completed just by clicking "Transfer to Spot Wallet".
In case you didn’t do this, don’t stress, you can do it at any other moment.
Ways to transfer your Element (HYP) to the Spot Wallet
The trader, upon confirming payment reception, will automatically release the Element (HYP).
The default place where Element (HYP) are deposited is your Binance wallet.
Take into account that your Element (HYP) must be in your Spot Wallet in order for you to get others, so you need to transfer them there before.
You can move them immediately immediately after the purchase order has been completed just by clicking "Transfer to Spot Wallet".
This Element (HYP) internal movement can be done whenever you need.
- Place the mouse pointer on "Wallet" and select "Wallet Funds" from the drop-down menu.
- Locate the "Transfer" option at the top right and click on it.
- A pop-up window will open, where you should change the options to:
- From: Funds
- To: Fiat and Spot
- Choose the currency in which you have funds, in the example in this article we use «USDT»
- Type the cryptos 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 numerous Element (HYP) within the Binance platform.
Purchase any cryptocurrency from the Binance platform just following the steps described below:
- In the top panel, look for the "Trading" menu.
- From the listing choose the "Convert" option.
- Fill in the box the sum of «USDT» you would like to invest.
- Now select the crypto you’re interested in.
- Click on "Preview conversion".
- Confirm the operation and that’s all. Now you will have the funds of the selected cryptocurrency in your Spot Wallet.
With these money already in your Spot Wallet, don’t fear to purchase any cryptocurrency you believe might yield the greatest profit.
To purchase Element (HYP) from the Binance platform all you have to do is described below:
- Find the "Trading" menu in the upper panel.
- Press "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to spend.
- Choose the cryptocurrency you would like to get.
- Click on "Preview conversion".
- Confirm the transaction and that’s all. You now will have the amount of the chosen crypto in your Spot Wallet.
Depending on this information, you are now ready to start trading on the Binance platform.
So, no need to think twice, make a profitable business in this cryptocurrency platform.