Purchasing IoTex Pad (TEX) on the Binance platform
Undoubtedly one of the top-notch trading platforms in the world nowadays is Binance.
Understanding how to buy IoTex Pad (TEX) is crucial if you want to start out operating on that platform.
Before entering the exciting realm of cryptocurrency on the Binance platform, you must get acquainted with the following.
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Figure out how to register on Binance
There’s only way to get started in operating within Binance: opening an account in it.
No complicated subscription: just follow the detailed instructions below.
Search for the "Register" button in the Binance main page and press on it to start the registration process.
Here you have the direct access to Binance.
In the Binance main page you’ll see a button named "Register with a phone or email". Click on it.
This can also be done with any iOS tablet.
For the purpose of this article, the email address subscription technique will be shown.
- In the screen that is shown, select your country of residence from the drop down list.
- Now the vital part: password. Choose a string of characters rare enough not to be simply deducted. Don’t use your name, birth date or things like that. Bear in mind that it’s your money what will be secured by that word
- Choose whether you wish Binance to send information and news direct to your e-mail. Accept the "Terms of Service" and press "Create Account"
Binance will immediately send a one-time-only activation password (remember: this is NOT the password you’ve created) that you’ll enter it in the corresponding line, then press "Send"
You’re now a Binance subscriber!.
Take a time to become familiar with the different options of the Binance platform by browsing them.
That’s the best way to realize how friendly the Binance platform is, and how fast you can begin trading IoTex Pad (TEX).
To get access to these options, the first thing you must do is fulfill the ID checking.
Important: No IoTex Pad (TEX) operation will be permitted if you overlook this safety measure.
No big deal, though. Continue reading through the following instructions to fulfill that step.
How to verify your Binance account and begin trading
These are the steps to verify your Binance subscription and get authorized to start trading:
On the main screen, place the mouse pointer on the user profile menu and a list will immediately show up where you will click on "Security"
You can also click on the "Verify" button on the upper part of the screen
In the list displayed on the left-hand side of the navigator window, click on the "Identification" option.
Here you must select your country of residence.
Now, the 3 levels of verification:
- The current one.
- The Verified.
- The Verified Plus.
will be shown on screen.
Here you should choose "Verified", clicking on the "Start now" button under that label.
A pop-up window will appear, and there you’re going to give your personal information: Nationality, first name and surname, middle name and birth date. Besides, make sure you type the exact address of your residence
Now you’ll need to use a legal document to verify your identity.
You can do this with your passport, ID card, or license.
Now, you will be asked to take a selfie, following the platform’s instructions.
Now you will have to wait for a short period while an account confirmation process takes place.
Now you have to wait until your profile has been accepted. Be patient, Binance is going to send you an email.
Congrats! As soon as you’ve got the confirmation you’re officially licensed to operate with IoTex Pad (TEX). See the guidelines that follow.
Purchasing IoTex Pad (TEX) on Binance
All right, account confirmed was all you needed to begin buying IoTex Pad (TEX) immediately.
First you need to figure out how to convert money into IoTex Pad (TEX).
It is time to sustain your identity with a legal document.
passport, ID card or even a driver’s license are all valid documents to complete this condition.
Follow the system guidance to take a selfie.
Now you’ll have to wait for a short time while an account verification process takes place.
When your application has been accepted, the system is going to let you know via e-mail, just be patient.
The following instructions will guide you through the IoTex Pad (TEX) trading process. As soon as you’ve received the confirmation e-mail, you are a Binance authorized IoTex Pad (TEX) trader.
Purchasing IoTex Pad (TEX) on Binance
Now that you have registered on the Binance platform and got your account validated, you are OK to begin trading.
The first step is to discover how to buy a IoTex Pad (TEX).
Take into account that you may find different options for this process
Look for the "Buy cryptos" menu on the Binance homepage to find out which options can be found when making a purchase.
Obviously, you’ll only be able to do this after you’ve logged in
See all the different buying options just by placing your mouse over this button.
The next step is to verify your identity using a legal document.
ID card, passport or even a license will be enough to complete this formality.
In the next step, you will be asked to take a selfie, according to the application’s guidelines.
After completing all those requirements, the Binance system will execute a verification process on your account.
As soon as your request has been approved, Binance is going to send you an e-mail, just be patient.
After that, it’s time to get IoTex Pad (TEX), to do so follow the instructions below.
Learn to purchase IoTex Pad (TEX) on Binance
So, account approved was all you needed to begin buying IoTex Pad (TEX) right now.
The first thing is to understand how to buy a IoTex Pad (TEX).
Be aware that you could have more than one option for this process
To find out which options are available to you when making a purchase, browse through the "Buy cryptos" menu on the Binance homepage.
Needless to say you must log into your account to do this
Placing your mouse pointer over this option will display a list of alternatives to make the purchase.
Learn how to use your credit or debit card for buying IoTex Pad (TEX)
The first thing you need to do to purchase the IoTex Pad (TEX) you want using a credit card, should be to pick this option from the "Buy Cryptos" drop-down list.
After that, just carry out the following guidelines:
Currency preferred and amount of the investment must be indicated in the next box.
In the second field you should choose the IoTex Pad (TEX) you’d like to get
Taking into account the amount of USD you’ve previously indicated, the platform will immediately show you the quantity of IoTex Pad (TEX) you will be given.
Continue reading for further directions:
In the next box, choose the currency you wish to buy with and type the amount you want to invest.
Next, select the IoTex Pad (TEX) you’re going to purchase
The number of IoTex Pad (TEX) you’ll receive will depend upon the amount of USD you’ve previously defined. The Binance system will immediately show it to you.
Press "Continue".
Now you must define the method of payment you’ll use. To pay with a credit card, choose in the "Visa/Mastercard" box the option "Add card".
Credit card details must be completed in this step, then click "Next".
The credit card’s associated address must be indicated next. Be very careful, since you’ll need to write it exactly as it is, otherwise the card could not be approved. Then press "Add card".
When you see your card has been successfully added, press "Continue".
The next screen will display a quick view of the transaction in its final stage. That includes the sum your card will be charged, the chosen currency and the amount of IoTex Pad (TEX) purchased.
Certainly, Binance will claim a small amount as a commission for supporting the operation, and it will appear in that overview as well.
Now you have to validate the order clicking on the "Confirm" button during the next minute, or it will be automatically shut down.
Next, you’ll be sent towards the banking platform the credit card has been issued by. Follow the steps in the same way you would pay with your credit card.
Your recently bought IoTex Pad (TEX) will be credited to your Binance digital wallet (referred to as the «Spot Wallet») as soon as the banking procedure is complete
Know how to purchase IoTex Pad (TEX) through Binance P2P
That means «Person To Person», i.e.: trading IoTex Pad (TEX)
with another Binance subscriber. Payment method is the first setting you must define.
Next, all the relevant details of the transaction will be summarized: the sum to be charged on your credit card and the corresponding currency, and obviously, the cryptos you are going to receive.
Another detail of relevance in this quick view is the sum you’ll be charged as a commision for making the purchase.
At this point you have 60 seconds to click on "Confirm", otherwise the order will be automatically shut down.
The Binance system will now reroute you to the bank issuing the credit card. Proceed exactly as you usually do when making a standard online credit card payment.
After the banking process has been completed, you will get your recently bought IoTex Pad (TEX) in your Binance e-wallet (called the «Spot Wallet»)
See how easy is how to buy IoTex Pad (TEX) via Binance P2P
You can buy IoTex Pad (TEX) not only by means of a direct purchase, but exchanging them «Person To Person»
with another Binance trader as well. To achieve this, the first step is to specify which payment method you would want to work with.
- Login to the "Security" panel of your profile.
- In the menu on the left-hand side select "Payment".
- After Clicking on "Add a Payment Method" the Binance system will guide you through the rest of the procedure.
After the new payment method has been configured in your profile, look for the "Buy Crypto" menu in the upper bar of the navigator, click the "Trading P2P" button and follow the steps described below:
- Locate the "Buy" option on the upper bar of the "P2P Account" tab and click it
- The complete set of IoTex Pad (TEX) available for buying through P2P operations will be shown in this list, so you will be able to pick the one you’re interested in. As for this example, we will use «USDT».It is important to note that once 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.
- Select the currency you want to use from the drop-down menu under the "Fiat" column, for instance, «VES».
- In the "Amount" box, indicate the amount in VES you wish to buy with.
- You will be able to see a list of traders offering cryptos a little while after you define the method of payment.
- Any of the traders shown in the list can be chosen, although it is advisable to choose a verified one (with the blue diamond badge), and even better, a high-volume seller (gold star marking).
- Now click on "Buy USDT"
- Now the amount you want to invest in VES must be input
- Again, select "Buy USDT"
- A buying order has been opened and the seller and you will be able to contact each other for further details, in case you need it. You have a time limit to pay, otherwise the order will be aborted by the system (something bad for your reputation as a buyer). Once you have paid, press "Transferred, Next", then press "Confirm".
How you can transfer your IoTex Pad (TEX) to the Spot Wallet
The seller, upon receiving your payment, will instantly release the IoTex Pad (TEX).
You may check your wallet account balance to confirm reception.
Although, in case you would want to purchase any other IoTex Pad (TEX), you will need to transfer them to your Spot Wallet.
To get this done, all you have to do is click on "Transfer to Spot Wallet" once the purchase order is completed.
Should you forget to follow this step right after the purchase, no problem at all: you’ll be able to do it later.
Ways to transfer your IoTex Pad (TEX) to the Spot Wallet
The seller, upon receiving your money, will immediately release the IoTex Pad (TEX).
So, they will automatically be deposited into your wallet.
But in order for you to buy another IoTex Pad (TEX), you will need to send them to your Spot Wallet.
To achieve this, all you have to do is click on "Transfer to Spot Wallet" immediately after the purchase order is completed.
Should you forget to follow this step right after buying the cryptos, no problem at all: you’ll be able to do it later.
- Drop the "Wallet" menu down and click on the "Wallet Funds" option.
- See the "Transfer" option on the upper right area of the navigator window and press it.
- Set the «From» and «To» options on the pop-up window to:
- 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 transferring for the Exchange and press "Confirm".
With these funds already in your Spot Wallet, don’t fear to buy any cryptocurrency you consider might be worthwhile.
To buy IoTex Pad (TEX) from the Binance platform all you have to do is described below:
- In the top panel, loate the "Trading" option.
- Press "Convert" from the list.
- Fill in the box the amount of «USDT» you wish to invest.
- Now select the cryptocurrency you’re about to buy.
- Select "Preview conversion".
- Confirm the transaction and that’s it. Now you will have the funds of the selected cryptocurrency in your Spot Wallet.
With these money already in your Spot Wallet, nothing keeps you from buying any crypto you think might yield the highest profit.
Note how simple is to buy any crypto from Binance:
- Select the "Trading" menu in the top section.
- From the list choose the "Convert" alternative.
- Fill in the box the sum of «USDT» you want to invest.
- Select the cryptocurrency you intend to buy.
- Press "Preview conversion".
- Confirm the transaction and that’s all. You now will have the amount of the selected crypto in your Spot Wallet.
This text have surely pictured you a wide overview of what Binance is and how you can do business with IoTex Pad (TEX) on it.
So, no time to waste, make a worthwhile business in this cryptocurrency platform.