Purchasing Karma (KRM) on the Binance platform
Binance is among the world’s top-notch trading platforms.
Understanding how to purchase Karma (KRM) is essential if you’ would like to start operating on that platform.
Continue reading this article and you’ll discover everything you need to know about buying crypto on Binance.
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Discover how to register on Binance
To be capable of buying Karma (KRM) on Binance, the first thing you must know is how to open your account.
Hassle-free subscription: just follow the instructions listed below.
Proceed to the Binance main page and click on the "Register" button.
Click here to go straight to the Binance platform.
Look for the "Register with a phone or email" button in the main page and press it.
Apple phones or tablets can be used as well.
For the purpose of this guide, the email address registration technique will be shown.
- From the drop down list of countries, choose the one you’re living in.
- Now the crucial step: password. Create a string of characters difficult enough not to be easily deducted. Don’t use your name, birth date or things like that. Keep in mind that it’s your property what will have to be secured by that word
- Whether you would want to be informed periodically via e-mail about Binance news, mark in the corresponding box. Then you must accept the "Terms of Service" and that’s almost all. Your account has been created Next step is the e-mail verification
Binance will automatically send a one-time-only activation code (remember: this is NOT the password you’ve created) that you’ll enter it in the corresponding line, then click on "Send"
You’re now a Binance user!.
You’ll see it’s simple to access the Binance platform and review all the options it has to offer.
You’ll realize how simple is to begin trading Karma (KRM).
The identity checking is a mandatory step you must complete to gain access to all these options.
It is very important to notice that unless you fulfill this security step, you will not get permission to start trading Karma (KRM).
No big deal, though. Read the next section to complete that step.
Learn to complete the verification of your Binance account and start trading
Read the following guidelines and become a certified end user:
On the main page, place the mouse pointer on the user profile button and a list will immediately show up where you will need to click on "Security"
Another option is to move to the top of the screen and click on the "Verify" button
Look for the option "Identification" on the left side of the screen.
Now you should select your country of residence.
The platform will show you 3 verification levels: the current one, the Verified, and the Verified Plus.
Press the "Start now" button below the "Verified" label, since this will be your beginning level.
A pop-up window will be displayed, and there you’re going to provide your personal data: Nationality, first name and surname, second name and date of birth. Besides, make sure you type the exact address of your residence
Next, you’ll need to provide a legal document to check your identity.
passport, ID card or even a driver’s license will be enough to complete this requirement.
Now, you will have to take a selfie, following the application’s guidance.
After you have completed the platform’s requirements, you’ll have to wait a moment while your account is verified.
As soon as your request has been approved, you will be notified via e-mail, just be patient.
The following instructions will guide you through the Karma (KRM) buying process. As soon as you’ve received the confirmation email, you are a Binance licensed Karma (KRM) trader.
Learn to buy Karma (KRM) on Binance
Since you have subscribed to the Binance platform and have your account verified, you’re OK to start trading.
In this section you’ll learn how easy is to make a purchase of Karma (KRM).
At this point, the Binance platform will require you to present a legal document for identity corroboration.
ID card, passport or even a driver’s license will be enough to fulfill this formality.
Now, you will be asked to take a selfie, according to the application’s instructions.
After you have completed the system’s requirements, you will have to wait a moment for the confirmation to be applied to your account.
All you need to do is wait patiently, Binance is going to let you know via e-mail once your profile has been accepted.
After that, it’s time to acquire Karma (KRM), just see the guidelines below.
Buying Karma (KRM) on Binance
All right, account verified means you can begin purchasing Karma (KRM) immediately.
In this segment you’ll learn how simple is to buy a Karma (KRM).
Some processes might have alternative paths
To find out which alternatives you have when making a purchase, see the "Buy cryptos" menu on the Binance main page.
Needless to say you must sign in to your account to do this
Hover your mouse over this key and a list of buying alternatives will be displayed.
The next step is to verify your identity using a legal document.
You can do this with your passport, ID card, or license.
Now, you will be asked to take a selfie, following the platform’s guidance.
Once those requirements have been fulfilled, the Binance platform will carry out a confirmation process on your account.
Now you have to wait until your profile has been approved. Be patient, Binance is going to send you an email.
The following instructions will guide you through the Karma (KRM) buying process. As soon as you’ve got the confirmation email, you’ve become a Binance licensed Karma (KRM) trader.
Learn to purchase Karma (KRM) on Binance
Now that you are registered on the Binance platform and got your account verified, you are OK to begin trading.
The first thing is to learn how to buy a Karma (KRM).
Some steps might have alternative paths
The "Buy cryptos" menu on the Binance homepage will be your reference at buying time.
Certainly, you’ll only be able to do this if you’re logged in
Hovering your mouse pointer over this button will show a list of alternatives to make the purchase.
Did you know you can use your credit or debit card for buying cryptocurrencies?
The first thing you need to do to buy the Karma (KRM) you want using a credit card, is to pick this option from the drop-down menu labeled "Buy Cryptos".
Next, just follow the following guidelines:
Currency preferred and amount of the investment should be indicated in the next box.
Next, select the Karma (KRM) you are going to get
The number of Karma (KRM) you’ll be given will depend upon the amount of USD you have previously stated. The Binance platform will automatically show it to you.
Continue reading for further instructions:
Now you must choose the currency you wish to buy with and type how much you are going to invest.
In the second field you must select the Karma (KRM) you would like to buy
The quantity of Karma (KRM) you are going to receive will depend upon the amount of USD you have just defined. The Binance platform will automatically show it to you.
Now select "Continue".
Now it’s time to indicate your method of payment. To pay with your credit card, select in the "Visa/Mastercard" field the button "Add card".
Enter your card details and click "Next".
In this step you must write the physical address details for the credit card. Following this, select "Add card".
With this step, your card will be added to the payment methods in your account. Press "Continue".
The next screen will display a summary of the transaction about to be completed. That includes the sum your card will be charged, the chosen currency and the amount of Karma (KRM) bought.
Certainly, Binance will claim a small amount as a commission for making the operation, and it will appear in that snapshot as well.
You have 60 seconds to press "Confirm", otherwise the order will automatically expire.
The following step has to be carried out on the credit card banking platform. Proceed exactly as you do when making a payment using your card on the bank website.
When the banking process has been finished, you are already in possession of the purchased Karma (KRM) in your Binance e-wallet (referred to as the «Spot Wallet»)
Know how to buy Karma (KRM) through Binance P2P
This means «Person To Person», i.e.: trading Karma (KRM)
with another Binance user. To get this done, the first step is to define which payment method you would want to work with.
The next screen will display a snapshot of the operation about to be completed. It includes the sum your card will be charged, the selected currency and the quantity of Karma (KRM) you will receive.
It will also show you the commission will be charged for the purchase.
Now you must certify the order clicking on the "Confirm" button during the next 60 seconds, or it will be automatically terminated.
After this, you will be redirected towards the banking platform the credit card has been issued by. Then you should complete a normal on-line payment with your credit card.
You may check your Binance e-wallet (called the «Spot Wallet») as soon as the banking procedure is complete and you’ll see your recently bought Karma (KRM) already there
Buy Karma (KRM) through Binance P2P
This is a transaction made «Person To Person», i.e.: trading Karma (KRM)
with another Binance trader. To achieve this, the first step is to indicate which payment method you want to work with.
- Go to the "Security" section of your profile.
- Look for the "Payment" option in the menu you’ll see from the menu on the left and select it.
- Press the "Add a Payment Method" button and follow the platform instructions.
Now that the new payment method has been added to your profile, go to the top part of the screen and hover on "Buy Crypto" to drop-down the menu and select "Trading P2P". Then see the following directions:
- Look for the "Buy" button on the top bar of the "P2P Account" tab and click it
- Here you can choose the Karma (KRM) you want, among all those available for purchase through P2P operations. We use «USDT» in this guide.Note that any Karma (KRM) bought via P2P trading is allowed to be exchanged by any of the foreign currencies available on Binance.
- Locate the "Fiat" label on the top tabs and deploy the drop-down list to find all valid currencies. We’ll use «VES» in this example.
- Now you need to indicate the amount in VES you’d like to use in the "Amount" box.
- You will see a register of traders’ ads as soon as you have selected the method of payment.
- From the list displayed list, you may choose any of the traders. However, it is recommendable to choose one with the «Verified» mark and better if a good percentage of completed sales is displayed.
- Now press "Buy USDT"
- In this step, the amount you wish to invest in VES must be entered
- Again, click on "Buy USDT"
- Now a buying order has been generated and you’ll be able to contact the trader. Complete the payment, click on "Transferred, Next" and then press "Confirm". Note that there’s a time limit for you to make the payment.
Learn how to transfer your Karma (KRM) to the Spot Wallet
After you have made a payment to the trader, they may release the Karma (KRM), just by confirming invoice of the payment.
The place where Karma (KRM) are transferred to is your Binance wallet.
However, in order for you to get any other Karma (KRM), you will need to send them to your Spot Wallet.
You can do this immediately once the buying order is completed just by clicking "Transfer to Spot Wallet".
This Karma (KRM) internal transfer can be carried out whenever you need.
Tips on how to transfer your Karma (KRM) to the Spot Wallet
Once you have made a payment to the seller, they will release the Karma (KRM), by confirming receipt of the payment.
You may see your wallet account balance to confirm reception.
Nonetheless, you will need to send them to your Spot Wallet in case you would want to buy any other cryptocurrency.
You can move them immediately immediately after the buying order has been completed just by clicking "Transfer to Spot Wallet".
If you forget to do this right after buying the cryptos, no problem at all: you’ll always be able to do it at any moment.
- Click on "Wallet Funds" from the "Wallet" drop-down list.
- The "Transfer" button is located at the top right. Click on it.
- In the pop-up window, swap the «From» and «To» options so that it looks like this:
- From: Funds
- To: Fiat and Spot
- Choose the currency in which you have money, in the example in this article we use «USDT»
- Input the amount you are moving for the Exchange and click "Confirm".
All right! Now you have money available to purchase any of the numerous Karma (KRM) in the Binance platform.
See how simple is to buy any crypto from the Binance platform:
- Select the "Trading" menu in the upper panel.
- In the list choose the "Convert" option.
- Type the amount of «USDT» you want to spend.
- Now select the crypto you’re about to buy.
- Click on "Preview conversion".
- Validate the transaction and that’s all. You will have the amount of the chosen crypto in your Spot Wallet.
All right! Now you have funds available to buy any of the huge selection of Karma (KRM) in the Binance platform.
Purchase any cryptocurrency from Binance just following the steps detailed next:
- Find the "Trading" menu in the upper panel.
- Select "Convert" from the list.
- Indicate the amount of «USDT» you wish to spend.
- Now mark the crypto you’re interested in.
- Select "Preview conversion".
- Validate the operation and that’s all. You now will have the amount of the chosen crypto in your Spot Wallet.
You’ve already seen how easy is to commence doing business with Karma (KRM) on Binance.
Cryptos have come to stay, and Binance is a safe and friendly platform to do business. Start right now!