How to purchase Libcoin (LIB) on the Binance platform
Binance is one of the most reputed trading platforms in the world.
Therefore, the first thing you need to to do if you’d like to start out trading on it is to discover how to get Libcoin (LIB).
This article will try to guide the reader on how to trade with Libcoin (LIB) on the Binance Libcoin (LIB) exchange.
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How to register on Binance
Opening a Binance account is the very first step you have to accomplish.
Subscribing to the platform is very simple: observe the following instructions.
Search for the "Register" button in the Binance main page and click on it to start the registration process.
Access directly to Binance by clicking here.
Locate the "Register with a phone or email" button in the homepage and press it.
This can also be done with any Apple device.
For the purpose of this article, the e-mail address subscription process will be described.
- First, choose the country from the drop down list according to the one you’re living in.
- Now the extremely important part: password. Define a string of characters strange enough not to be simply deducted. Never use your name, birth date or things like that. Be well aware that it’s your cash what will be protected by that word
- Whether you wish to be updated periodically via e-mail about Binance news, check in the corresponding option. Then you must accept the "Terms of Service" and that’s almost all. You’ve just created your account Next step is the e-mail verification
Binance will automatically send a one-time-only activation password (remember: this is NOT the password you’ve created) that you’ll write it in the corresponding box, then click on "Send"
And that’s it! You are now subscribed to Binance.
Now you can navigate the Binance platform and get to know all the options it has to offer.
This way you mayit is possible to begin trading Libcoin (LIB) easily.
To gain access to these options, you must fulfill the identity verification.
It is very important to notice that unless you complete this protection step, you will not be able to start operating with Libcoin (LIB).
In the following instructions, you’ll see how to do that. Hassle-free.
How to complete the verification of your account and get started on trading
Read the following guidelines and become an authorized subscriber:
On the main page, hover the mouse on the user profile menu and a list will immediately drop down where you will have to press "Security"
Or simply look for the "Verify" button on the top of the navigator window
Look for the option "Identification" on the left side of the screen.
Country of residence should be chosen here.
Now you’ll will see three levels of verification:
- The current one.
- The Verified.
- The Verified Plus.
Here you must choose "Verified", pressing the "Start now" option below it.
A pop-up window will be shown, and there you will be required to enter your personal info: Nationality, first name and surname, second name and date of birth. Besides, make sure you give the exact address of your residence
Here, the Binance platform will require you to present a legal document for identity checking.
You can do this by using your passport, ID card, or license.
Follow the system guidance to take a selfie.
The final step will be carried out by the Binance platform: a corroboration process that will take only a short time.
When your profile has been approved, you will be notified via e-mail, just be patient.
The following instructions will guide you through the Libcoin (LIB) buying process. As soon as you’ve received the confirmation e-mail, you are a Binance licensed Libcoin (LIB) trader.
Purchasing Libcoin (LIB) on Binance
Since you have registered on the platform and got your account validated, you can start trading.
Take a time to know how to convert money into Libcoin (LIB).
It is time to sustain your identity using a legal document.
passport, ID card or even a driver’s license will be enough to complete this requirement.
Follow the system guidance to take a selfie.
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 profile has been accepted. Be patient, Binance is going to let you know via e-mail.
Congratulations! Once you’ve got the confirmation you’re officially licensed to buy Libcoin (LIB). See the guidelines that follow.
Learn to buy Libcoin (LIB) on Binance
So, account verified means you can begin purchasing Libcoin (LIB) right now.
First you need to understand how to invest your money in Libcoin (LIB).
You will probably have more than one option throughout the process
Browse through the "Buy cryptos" menu on the Binance main page to find out which options can be found when buying.
Obviously, you’ll only be able to do this once you are logged in
Placing your mouse pointer over this button will display a list of alternatives for making the purchase.
The next step is to verify your identity with a legal document.
You can do this with your passport, ID card, or license.
Follow the system guidelines to take a selfie.
Now you’ll have to wait for a short time while an account confirmation process is performed.
As soon as your profile has been accepted, the platform will let you know via e-mail, just be patient.
After that, it’s time to acquire Libcoin (LIB), just follow the instructions below.
Purchasing Libcoin (LIB) on Binance
Since you are subscribed to the platform and got your account approved, you can start trading.
Learning how to invest your money in Libcoin (LIB) is not that hard.
You will probably find different alternatives throughout the process
Browse through the "Buy cryptos" menu on the Binance homepage to find out which alternatives you have when making a purchase.
Needless to say you must be logged into your account to do this
Uncover all the different buying options just by hovering your mouse over this button.
Buying Libcoin (LIB) using a credit/debit card
Go to the "Buy Cryptos" and select the credit card-related option from the menu.
After that, just carry out the following directions:
In the next box, pick the currency you wish to use and type the amount you want to invest.
Next, choose the Libcoin (LIB) you are going to purchase
When you do so, the system will automatically display the number of Libcoin (LIB) you are going to receive, according the amount of USD you have previously invested.
The following instructions will be helpful to continue the process:
Now you must choose the currency you’d like to use and type how much you want to invest.
Next, select the Libcoin (LIB) you’re going to buy
The quantity of Libcoin (LIB) you are going to receive will depend upon the amount of USD you have previously defined. The Binance platform will automatically show it to you.
Click on "Continue".
To add your Visa/MC credit card as a payment method, go to the "Visa/Mastercard" field and click on the "Add card" button.
Credit card details must be completed in this step, then press "Next".
In this step you must indicate the physical address details for the card. Following this, select "Add card".
With this, your credit card will be added to the valid methods of payment in your account. Press "Continue".
Next, all the relevant details of the operation will be presented: the sum you’ll pay and the corresponding currency, and of course, the cryptos you are going to get.
Another important detail in this summary is the sum you’ll be charged as a commision for making the transaction.
At this point you have 1 minute to press "Confirm", otherwise the order will automatically expire.
The next step has to be carried out on the credit card banking system. There you will complete a standard online payment with your credit card.
Your recently bought Libcoin (LIB) will be credited to your Binance digital wallet (referred to as the «Spot Wallet») as soon as the banking process has been completed
See how easy is how to buy Libcoin (LIB) via Binance P2P
Another option you have to purchase crypto is to exchange it
with another subscriber. To get this done, the first step is to add the payment method you would want to use.
Next, all the important details of the operation will be displayed: the amount you will pay and the corresponding currency, and obviously, the cryptos you will receive.
Another detail of relevance in this quick view is the percentage you’ll be charged as a commision for making the transaction.
In less than 1 minute press "Confirm", from then on the order will expire automatically.
Next, you will be sent to the bank platform the credit card belongs to. Then you should complete a normal online payment with your credit card.
Your recently purchased Libcoin (LIB) will be available in your Binance digital wallet (called the «Spot Wallet») once the banking process is complete
Know how to purchase Libcoin (LIB) with Binance P2P
Another option you may use to purchase crypto is to trade it
with another user. Method of payment is the first setting you must indicate.
- Click on "Security" in your profile.
- Select "Payment" on the left-hand side of the screen.
- Choose "Add a Payment Method" and the platform will guide you through the rest of the process.
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 list of options and choose "Trading P2P". Then see the following instructions:
- On the top bar of the "P2P Account" tab, choose "Buy"
- All the Libcoin (LIB) available for purchase via P2P operations will be displayed in this list, so you will be able to pick the one you’re interested in. As for this example, we use «USDT».It is important to note that when you purchase any crypto through P2P trading, you will be able to exchange it for any of the foreign currencies that operate on the Binance platform.
- Now you should select the currency you want to use, for example, «VES». To do this, place the list under the "Fiat" column.
- In the "Amount" box, enter the sum in VES you would like to invest.
- Select the payment method and wait for the system to show you the list of the dealers that are currently offering Libcoin (LIB).
- From the list list shown, you can choose any of the traders. It is advisable to choose one with the «Verified» mark and better if a high percentage of completed sales is displayed.
- Select "Buy USDT"
- Now the amount you would like to invest in VES must be input
- Click on "Buy USDT" again
- A purchase order has been created and the seller and you will be able to contact each other for details, in case you need it. You have a time limit to pay, otherwise the order will be aborted by the system (and that’s not good for your rating as a buyer). Once you have paid, press "Transferred, Next", then press "Confirm".
Tips on how to transfer your Libcoin (LIB) to the Spot Wallet
Cryptos will be released by the seller as soon as money reception validation has been done.
You may verify your wallet account balance to confirm reception.
Take into account that your Libcoin (LIB) must be in your Spot Wallet in case you want to purchase others, so you will need to move them there before.
To get this done, you only need to click on "Transfer to Spot Wallet" once the purchase order has been completed.
Should you forget to follow this step right after the purchase, there’s nothing to worry about: you’ll be able to do it later.
How you can transfer your Libcoin (LIB) to the Spot Wallet
The seller, upon receiving your payment, will instantly release the Libcoin (LIB).
You may check your wallet Binance balance to confirm reception.
Note that you need to move them to your Spot Wallet in case you want to purchase any other crypto.
You can do this immediately once the buying order has been completed just by clicking "Transfer to Spot Wallet".
This Libcoin (LIB) internal transfer can be done anytime later.
- Press "Wallet Funds" from the "Wallet" drop-down list.
- See the "Transfer" button on the upper right area of the navigator window and press it.
- In the pop-up window, swap the «From» and «To» options so that it looks like this:
- From: «Funds»
- To: «Fiat and Spot»
- For The purpose of this article, we will use «USDT» as an example, but you’ll obviously select the currency you have
- Set the cryptos you are transferring to the spot walet and press "Confirm".
That’s it! This way you will have funds in the Spot Wallet and you will be able to purchase any of the several of Libcoin (LIB) within the Binance platform.
Note how easy is to purchase any cryptocurrency from the Binance platform:
- Find the "Trading" menu in the top section.
- In the list select the "Convert" alternative.
- Fill in the box the sum of «USDT» you would like to spend.
- Select the cryptocurrency you intend to get.
- Choose "Preview conversion".
- Confirm the operation and that’s all. Now you will have the amount of the selected crypto in your Spot Wallet.
Perfect! Now you have funds available to trade any of the numerous Libcoin (LIB) in the Binance platform.
Buy any cryptocurrency from Binance just following the instructions detailed next:
- In the upper panel, select the "Trading" menu.
- From that list select the "Convert" option.
- Input the sum of «USDT» you want to spend.
- Now select the crypto you’re interested in.
- Select "Preview conversion".
- Validate the operation and that’s all. You will have the amount of the selected crypto in your Spot Wallet.
Based on the information above, you are now ready to start out trading on the Binance platform.
The future of money trading relies on Libcoin (LIB)., and Binance is a safe and practical environment to do business. Start today!