Learn how to buy LabraCoin (LABRA) on the Binance platform
Binance is among the world’s leading trading platforms.
Understanding how to trade with LabraCoin (LABRA) is crucial if you’ would like to get started on trading on that platform.
This article will try to guide you on how to trade with LabraCoin (LABRA) on the Binance LabraCoin (LABRA) exchange.
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Discover how to register on Binance
Registering on the Binance platform is the initial step you have to do.
Registering to the Binance platform is quite easy: check the following guidelines.
Search for the "Register" button in the Binance main page and click on it to start the registration process.
You have the direct access here.
Locate the "Register with a phone or email" button in the homepage and click on it.
The Binance platform is totally compatible with iOS mobile devices as well.
In this guide, we’ll will describe how to suscribe using an e-mail account.
- From the drop down list of countries, select the one you’re living in.
- Now, type your e-mail address and a keycode. Be well aware that you will trade money, you must give relevance to the password you select
- Now you must accept "Terms of Service" and, if you wish to receive information, updates and news from Binance in your email address, click in the corresponding box
By now, you surely have received an email in the address you’ve just used for creating your Binance account. It will have an activation keycode you’ll have to will enter in the corresponding box. Then click on "Send"
Finally, your Binance subscription is active.
It would be a nice idea to browse the different options of the Binance platform and get acquainted to them.
You’ll discover how easy is to begin operating with LabraCoin (LABRA).
To get access to these options, the first thing you must do is fulfill the ID checking.
It is very important to note that unless you fulfill this security step, you’ll not be allowed to start operating with LabraCoin (LABRA).
But no need to worry, read the following instructions to find out how to do it.
Verify your Binance account to start trading
These are the guidelines to verify your Binance subscription and get authorized to start trading:
From the user profile menu, choose "Security"
Another option is to move to the upper part of the screen and press the "Verify" button
Look for the option "Identification" on the left side of the screen.
Now you must select your country of residence.
Now you’ll will immediately find three levels of verification:
- The one you already have.
- The Verified.
- The Verified Plus.
Begin by selecting "Start now" just under the "Verified" level.
At this point, some personal information is required:
- Nationality.
- First and Last Name.
- Middle name and birth date.
- Exact address of your residence.
- Middle name and birth date.
- Middle name and date of birth.
The next step is to verify your identity using a legal document.
passport, ID card or even a license are all valid documents to complete this condition.
Follow the system guidance to take a selfie.
The last step will be carried out by the Binance system: a verification process that will take only a short time.
Now you have to wait until your application has been accepted. Be patient, the system is going to send you an email.
The following instructions will guide you through the LabraCoin (LABRA) purchasing process. As soon as you’ve received the confirmation email, you are a Binance licensed LabraCoin (LABRA) trader.
Purchasing LabraCoin (LABRA) on Binance
OK, account confirmed was all you needed to begin purchasing LabraCoin (LABRA) immediately.
In this section you’ll discover how simple is to buy a LabraCoin (LABRA).
Next, you’ll have to to show a legal document to sustain your identity.
Use your ID card, passport or even your license to complete this step.
Now, you will be asked to take a selfie, following the application’s instructions.
The last step is on Binance’s side: a confirmation process that will take only a short time.
Once your application has been approved, Binance will send you an e-mail, just be patient.
The following instructions will guide you through the LabraCoin (LABRA) trading process. As soon as you’ve got the confirmation e-mail, you are a Binance authorized LabraCoin (LABRA) trader.
Purchasing LabraCoin (LABRA) on Binance
Starting your LabraCoin (LABRA) trading adventure has never been so simple, right?.
In this segment you’ll realize how easy is to make a purchase of LabraCoin (LABRA).
Take into account that you have more than one option for this process
To know which alternatives can be found when buying, see the "Buy cryptos" menu on the Binance main page.
You must, of course, try this after you’ve signed into your account
Placing your mouse pointer over this key will display a list of alternatives for making your purchase.
Next, you’ll need to show a legal document to corroborate 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 certification process that will just take a while.
All you need to do is be patient, Binance will let you know via e-mail as soon as your profile has been accepted.
The following instructions will guide you through the LabraCoin (LABRA) purchasing process. As soon as you’ve received the confirmation email, you have become a Binance licensed LabraCoin (LABRA) trader.
Learn to buy LabraCoin (LABRA) on Binance
OK, account confirmed was all you needed to begin buying LabraCoin (LABRA) immediately.
Take a time to know how to buy a LabraCoin (LABRA).
Some steps may have optional paths
To find out which options can be found when buying, look for the "Buy cryptos" menu on the Binance homepage.
Obviously, you’ll only be able to do this after you’ve logged in
Move your mouse over this option and a list of buying alternatives will deploy.
Buying LabraCoin (LABRA) with a credit/debit card
Go to the "Buy Cryptos" and pick the credit card-related option from the menu.
Continue reading for further instructions:
In the next box, select the currency you’d like to use and type how much you are going to invest.
In the next field you must choose the LabraCoin (LABRA) you would like to purchase
The number of LabraCoin (LABRA) you will receive will depend upon the amount of USD you’ve previously defined. The Binance platform will immediately show it to you.
The following instructions will help you in the process:
In the next box, select the currency you wish to use and enter how much you are going to invest.
In the second field you should select the LabraCoin (LABRA) you wish to get
The number of LabraCoin (LABRA) you are going to get will depend upon the amount of USD you have previously defined. The Binance system will immediately show it to you.
Click on "Continue".
In case you decided to pay with a credit card, go to the "Visa/Mastercard" box and click on the "Add card" option.
Type your card numbers and press "Next".
Your credit card’s address must be stated next. Be very careful, since you’ll need to enter it exactly as it is, otherwise the card won’t be admitted. Then select "Add card".
Click "Continue" after you see your card has been successfully included in your user profile as a new method of payment.
Next, you’ll be presented a snapshot of the transaction in its final stage. That includes the amount you are paying, the selected currency and the quantity of LabraCoin (LABRA) bought.
Another important detail in this snapshot is the percentage you’ll be charged as a commision for making the transaction.
Now you have to acknowledge the order pressing the "Confirm" button within the following 60 seconds, or it will be automatically shut down.
The system will now redirect you to the bank issuing the credit card. Proceed just as you usually do when making a standard online credit card payment.
You may take a look at your Binance digital wallet (referred to as the «Spot Wallet») after the banking procedure is complete and you’ll find your recently purchased LabraCoin (LABRA) already credited
Know how to buy LabraCoin (LABRA) with Binance P2P
You can get LabraCoin (LABRA) not only by means of a direct purchase, but exchanging them «Person To Person»
with another Binance trader as well. In that case, you should state which payment method you want to make use of first.
Next, all the relevant details of the transaction will be displayed: the amount you’ll pay and the corresponding currency, and of course, the cryptos you will get.
Another important detail in this snapshot is the percentage you’ll be charged as a commision for making the purchase.
In less than 1 minute press "Confirm", after that time the order will be automatically aborted.
The Binance platform will now send you to the bank issuing the credit card. Proceed exactly as you do when making a payment with your card on the bank website.
You may take a look at your Binance digital wallet (referred to as the «Spot Wallet») when the banking process is complete to see your recently bought LabraCoin (LABRA) already credited
Know how to buy LabraCoin (LABRA) with Binance P2P
You could get LabraCoin (LABRA) not only via a direct purchase, but trading them «Person To Person»
with another Binance trader too. To do this, the first step is to indicate which payment method you want to make use of.
- Go to your account and press "Security".
- Click on "Payment" on the left-hand side of the screen.
- As soon as the "Add a Payment Method" button is pressed the system will guide you through the rest of the process.
Once the new method of payment has been added to your profile, look for the "Buy Crypto" menu in the top part of the display, click the "Trading P2P" button and follow the directions described below:
- On the upper bar of the "P2P Account" menu, pick "Buy"
- This bar shows all the LabraCoin (LABRA) available for buying through P2P operations. Select the one you want, here we use «USDT» as an example.It is important to note that once you buy one of these cryptocurrencies via P2P trading, you will be able to exchange it for any of the currencies valid in the Binance platform.
- Look for the "Fiat" column on the top tabs and deploy the drop-down list to see all valid currencies. We’ll use «VES» in this example.
- You need to input the sum in VES you’re going to invest in the "Amount" box.
- You will see a list of dealers offering cryptos as soon as you’ve selected the method of payment.
- Any of the traders displayed in the list can be selected, but it is recommendable to select a verified one (see the blue diamond marking), and even better, a high-volume seller (golden star badge).
- Now select "Buy USDT"
- In this step, the amount you would like to pay in VES must be entered
- Click on "Buy USDT" once again
- Now a buying order has been generated and you’ll be able to contact the seller. Pay, press "Transferred, Next", then press "Confirm". Notice that there’s a limited time for you to pay.
Learn how to transfer your LabraCoin (LABRA) to the Spot Wallet
After you have completed a payment to the seller, they may release the LabraCoin (LABRA), by confirming payment reception.
This way, they will quickly be added to your wallet balance.
Note that you will have to transfer them to your Spot Wallet in case you would want to purchase any other crypto.
To get this done, you only need to press "Transfer to Spot Wallet" once the buying 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 at any moment.
The right way to transfer your LabraCoin (LABRA) to the Spot Wallet
Once you have made a payment to the seller, they will release the LabraCoin (LABRA), by confirming payment reception.
The place where LabraCoin (LABRA) are added to is your Binance wallet.
NB: you need to send them to your Spot Wallet in order for you to buy any other cryptocurrency.
That’s easy: just press "Transfer to Spot Wallet" immediately after the buying order has been completed.
If you forget to follow this step right after the purchase, no problem at all: you’ll be able to do it later.
- Press "Wallet Funds" from the "Wallet" drop-down menu.
- Now click on the "Transfer" option at the top right.
- In the pop-up window, swap the «From» and «To» options to the following settings:
- From: «Funds»
- To: «Fiat and Spot»
- For The purpose of this article, we will use «USDT» as an example, but you’ll obviously choose the currency you have
- Enter the amount you are moving for the Exchange and click "Confirm".
With these funds already in your Spot Wallet, nothing keeps you from buying any cryptocurrency you believe will yield the highest profit.
Discover how simple is to buy any cryptocurrency from the Binance platform:
- Select the "Trading" option in the upper section.
- In the list choose the "Convert" alternative.
- Type the sum of «USDT» you want to invest.
- Now select the crypto you’re interested in.
- Choose "Preview conversion".
- Confirm the operation and that’s all. Now you will have the funds of the chosen crypto in your Spot Wallet.
With these funds already in your Spot Wallet, don’t fear to buy any cryptocurrency you think might yield the highest profit.
To buy LabraCoin (LABRA) from the Binance platform all you have to do is the following:
- In the upper section, find the "Trading" menu.
- Choose "Convert" from the list.
- Indicate the sum of «USDT» you would like to invest.
- Now select the cryptocurrency you’re about to purchase.
- Press "Preview conversion".
- Confirm the transaction and that’s it. Now you will have the funds of the selected cryptocurrency in your Spot Wallet.
This article surely pictured you a detailed vision of what Binance is and how you can trade LabraCoin (LABRA) on it.
Cryptos have come to stay, and Binance is a safe and friendly environment to do business. Start today!