Purchasing Italian Lira (ITL) on Binance
Undoubtedly one of the world’s top trading platforms nowadays is Binance.
Understanding how to buy Italian Lira (ITL) is vital in case you need to get started on operating on that platform.
So, in this post we’ll bring you all the information you should have to purchase Italian Lira (ITL) on the Binance crypto platform.
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Discover how to register on Binance
Opening a Binance account is the initial step you need to do.
To do so, you must follow each one of the steps below.
See a Binance homepage and click on the "Register" key.
Here you have the direct link to Binance.
In the Binance homepage you’ll see a button named "Register with a phone or email". Click on it.
This can also be done with any iOS smartphone.
In this article, we’ll will show you how to do this using an e-mail account.
- From the drop down list of countries, select the one you reside.
- Following, type your email address and a password. Bear in mind that you are going to trade money, so you ought to give relevance to the password you set up
- Now you must accept "Terms of Service" and, if you want to receive information, news and updates from Binance in your email address, check in the corresponding box
You should have received an email in the address you’ve just used for creating your Binance account. In its text you’ll see an activation code you will enter in that page. Then click on "Send"
Finally, your Binance subscription has been activated.
You can now navigate the Binance platform and observe all the options it offers.
That’s the best way to realize how practical the Binance platform is, and how fast you can start operating with Italian Lira (ITL).
The identity checking is a required step you need to complete to have access to all these options.
Notice: No Italian Lira (ITL) trading will be permitted if you omit this safety measure.
But no need to worry, read the following paragraphs to find out how to do it.
Verify your account to begin trading
To be a certified customer you have to follow the next steps:
Click on "Security" from the drop-down list under the user profile section
You can also click on the "Verify" button at the top of the navigator window
Press "Identification" on the left options list.
Choose the Country of Residence.
It will show you 3 verification levels: the one you already have, the Verified, and the Verified Plus.
To begin, you must select "Verified", pressing the "Start now" option below it.
At this point, the subscriber is required to enter certain personal information:
- Nationality.
- First and Last Name.
- Second name and birth date.
- Residence address (exact).
- Middle name and date of birth.
- Second name and birth date.
Now you’ll need to provide a legal document to verify your identity.
You can do this with your ID card, passport, or license.
Now the system will ask you to take a selfie under certain conditions.
After completing all those steps, the Binance platform will do a confirmation process on your account.
Now you have to wait until your application has been accepted. Be patient, Binance will let you know via e-mail.
Congratulations! As soon as you’ve got the confirmation you’re officially authorized to operate with Italian Lira (ITL). The following guidelines will be helpful.
Purchasing Italian Lira (ITL) on Binance
All right, account approved was all you needed to begin buying Italian Lira (ITL) immediately.
In this section you’ll learn how simple is to convert money into Italian Lira (ITL).
Next, you’ll need to present a legal document to support your identity.
passport, ID card or even a driver’s license are all valid documents to fulfill this requirement.
Now, you will have to take a selfie, according to the application’s requirements.
The final step is on Binance’s side: a corroboration process that will take only a short time.
Now you must wait until your profile has been approved. Be patient, Binance will send you an email.
The following instructions will guide you through the Italian Lira (ITL) buying process. As soon as you’ve received the confirmation email, you’re a Binance authorized Italian Lira (ITL) trader.
Purchasing Italian Lira (ITL) on Binance
OK, account confirmed was all you needed to begin buying Italian Lira (ITL) right now.
Understanding how to buy a Italian Lira (ITL) is not that hard.
Some steps may have alternative paths
See the "Buy cryptos" menu on the Binance main page to find out which options you have when buying.
Needless to say you must be logged into your account to do this
Hover your mouse over this button and a list of buying alternatives will deploy.
It is time to support your identity using a legal document.
passport, ID card or even a license will be enough to fulfill this condition.
Follow the system requirements to take a selfie.
The last step is on Binance’s side: a corroboration process that will just take a while.
Now be patient, Binance is going to send you an e-mail once your profile has been approved.
After that, it’s time to get Italian Lira (ITL), just follow the instructions below.
Buying Italian Lira (ITL) on Binance
Since you have registered on the Binance platform and got your account approved, you’re able to begin trading.
In this section you’ll discover how simple is to convert money into Italian Lira (ITL).
Be aware that you may find different alternatives for this process
The "Buy cryptos" menu on the Binance main page will be your reference when making a purchase.
Needless to say you must be logged into your account to do this
Hovering your mouse pointer over this key will show a list of alternatives for making the purchase.
Making use of your credit or debit card for buying Italian Lira (ITL)
What you must do to buy the Italian Lira (ITL) you want using a credit card, should be to select this option from the "Buy Cryptos" drop-down menu.
After that, just carry out the following instructions:
Currency to be used and how much you will invest must be stated in the next box.
In the next field you should pick the Italian Lira (ITL) you intend to purchase
The quantity of Italian Lira (ITL) 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.
After that, just follow these instructions:
In the next box, pick the currency you want to buy with and indicate how much you want to invest.
Next, pick the Italian Lira (ITL) you are going to buy
When you do so, the platform will automatically show you the number of Italian Lira (ITL) you will receive, taking into account the amount of USD you’ve recently indicated.
Next click "Continue".
In case you decided to pay with a credit card, select in the "Visa/Mastercard" field the option "Add card".
Then the platform will ask you to type your credit card data.
In this step you must state the physical address details of the 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.
Next, all the important details of the operation will be displayed: the amount you are paying and the corresponding currency, and obviously, the cryptos you will receive.
It will also indicate the commission you will have to pay for the transaction.
You have 1 minute to click on "Confirm", otherwise the order will be automatically shut down.
The following step must be carried out on the credit card banking platform. Proceed exactly as you usually do when making a payment using your credit card on the bank website.
Your recently purchased Italian Lira (ITL) will be credited to your Binance e-wallet (called the «Spot Wallet») after the banking process is complete
See how easy is how to buy Italian Lira (ITL) via Binance P2P
A different way to get a cryptocurrency is to exchange it
with another trader. To get this done, the first step is to add which payment method you wish to apply.
The next screen will display a quick view of the transaction in its final stage. It includes the amount you will pay, the chosen currency and the amount of Italian Lira (ITL) you will be credited.
Another detail of relevance in this overview is the amount you’ll be charged as a commision for making the purchase.
Within the next 60 seconds click on "Confirm", there after the order will be automatically shut down.
Next, you’ll be sent towards the site of the credit card issuing bank. Follow the instructions in the same way you would normally make a payment with your credit card.
Once the banking process has been done, you’ll have your recently bought Italian Lira (ITL) in your Binance digital wallet (called the «Spot Wallet»)
See how easy is how to purchase Italian Lira (ITL) via Binance P2P
An alternative way to purchase a cryptocurrency is to trade it
with another subscriber. Method of payment is the first setting you will add.
- Go to your profile 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.
- Press the "Add a Payment Method" button and follow the platform directions.
Once the new payment method has been included in your profile, look for the "Buy Crypto" menu on the upper bar of the navigator, press on the "Trading P2P" option and follow the directions described below:
- On the upper bar of the "P2P Account" tab, choose "Buy"
- Here you can pick the Italian Lira (ITL) you’re interested in, among all those available for buying through P2P operations. We will use «USDT» in this example.It is important to note that when you purchase any crypto through P2P trading, you’ll be able to exchange it for any of the foreign currencies that operate on the Binance platform.
- Select the local currency you want to use from the drop-down list under the "Fiat" column, for example, «VES».
- In the "Amount" box, type the sum in VES you intend to buy with.
- After you have selected the payment method, the platform will show you a list of traders’ ads.
- Any of the sellers shown in the list can be chosen, but it is advisable to choose a verified one (see the blue diamond mark), and better, a high-volume seller (golden star mark).
- Now select "Buy USDT"
- In this step, the amount you would want to pay in VES must be typed
- Click on "Buy USDT" once again
- A buying order has been created and the trader and you will be able to contact each other for details, in case you need it. You have a limited time to make the payment, if you fail doing so the order will be shut down by the system (and that’s not good for your reputation as a buyer). Once you paid, click on "Transferred, Next", then press "Confirm".
Tips on how to transfer your Italian Lira (ITL) to the Spot Wallet
The trader, upon confirming payment reception, will instantly release the Italian Lira (ITL).
The place where Italian Lira (ITL) are transferred to is your Binance wallet.
Take into account that your Italian Lira (ITL) must be in your Spot Wallet in order for you to purchase others, so you will need to send them there before.
You can do this immediately once the buying order has been completed just by clicking "Transfer to Spot Wallet".
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 Italian Lira (ITL) to the Spot Wallet
When you have completed a payment to the seller, they may release the Italian Lira (ITL), by confirming payment reception.
The place where Italian Lira (ITL) are deposited is your Binance wallet.
Take into account that your Italian Lira (ITL) must be in your Spot Wallet in order for you to purchase others, so you must move them there before.
That’s quite simple: just click on "Transfer to Spot Wallet" once the purchase order is completed.
If you didn’t do this, don’t worry, you can move the cryptos later.
- Hover the mouse on "Wallet" and select "Wallet Funds" from the drop-down menu.
- Then press "Transfer" option on the upper right area of the navigator window.
- A new window will pop-up, where you must configure the options to:
- From: "Funds"
- To: "Fiat and Spot"
- Choose the currency in which you have funds, in the example here we use «USDT»
- Type the cryptos you are sending for the Exchange and press "Confirm".
All right! Now you have funds available to purchase any of the huge selection of Italian Lira (ITL) in the Binance platform.
Discover how easy is to purchase any crypto from Binance:
- Select the "Trading" menu in the top section.
- Select "Convert" from the list.
- Type the sum of «USDT» you would like to invest.
- Now indicate the cryptocurrency you’re interested in.
- Click on "Preview conversion".
- Validate the operation and that’s it. Now you will have the funds of the selected cryptocurrency in your Spot Wallet.
With these funds already in your Spot Wallet, nothing keeps you from purchasing any crypto you consider could be profitable.
To buy Italian Lira (ITL) from Binance all you have to do is the following:
- Pick the "Trading" option in the top panel.
- In the list choose the "Convert" alternative.
- Indicate the sum of «USDT» you would like to invest.
- Now indicate the cryptocurrency you’re about to purchase.
- Press "Preview conversion".
- Validate the transaction and that’s it. Now you will have the funds of the chosen crypto in your Spot Wallet.
You’ve already learned how simple is to start doing business with Italian Lira (ITL) on Binance.
Don’t wait any longer and start earning some extra money.