How to purchase LoMoCoin (LMC) on the Binance platform
There are many trading platforms today on the ’net, but clearly Binance is among the most popular and innovative.
Therefore, the first thing you must to do if you need to begin operating on it is to discover ways to purchase LoMoCoin (LMC).
This article is intended to teach you on how to trade with LoMoCoin (LMC) on the Binance LoMoCoin (LMC) exchange.
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Discover ways to register on Binance
Registering on the Binance platform is the very first step you must accomplish.
Just follow each one of the guidelines listed below.
Search for the "Register" button in the Binance homepage and press on it to begin the registration process.
You have the direct link here.
Look for the "Register with a phone or email" button in the homepage and click on it.
The Binance platform is totally compatible with Apple devices as well.
In this post, we’ll will explain how to register with an email.
- From the drop down list of countries, pick the one you’re living in.
- The next step is creating a safety password. This is crucial since it’s all about your money’s safety, so you must to invent a strong one
- If you want to be updated periodically via email about Binance news, mark in the corresponding option. Next, you must accept the "Terms of Service" and that’s almost all. You’ve just created your account Now it only needs to be verified via email
Binance will automatically send an activation code (NB: this is NOT your password) that you’ll enter it in the corresponding box, then press "Send"
Finally, your Binance enrollment has been activated.
Take a time to become familiar with the different options of the Binance platform by browsing them.
This way you canyou will be able to start trading LoMoCoin (LMC) conveniently.
Fulfill the mandatory identity verification to enable all these options.
Notice: No LoMoCoin (LMC) operation will be permitted if you ignore this protection measure.
In the following paragraphs, you’ll learn how to do that. Zero problems.
How to complete the verification of your Binance account and put hands on trading
See the following instructions and become an authorized customer:
Select "Security" from the drop-down list under the user profile button
Or just look for the "Verify" button on the upper part of the screen
Click "Identification" on the left list of options.
Here you must select your country of residence.
You’ll will see three levels of verification:
- The one you already have.
- The Verified.
- The Verified Plus.
Begin by selecting "Start now" located below the "Verified" level.
A pop-up window will appear, and there you’ll have to give your personal info: Nationality, first name and surname, middle name and date of birth. Besides, make sure you give the exact address of your residence
The next step is to sustain your identity with a legal document.
You can do this by using your passport, ID card, or license.
Now the platform will ask you to take a selfie under certain conditions.
When you have fulfilled the platform’s instructions, you’ll have to wait a moment for the confirmation to be performed on your account.
Now be patient, Binance will let you know via e-mail when your request has been approved.
After that, it’s time to acquire LoMoCoin (LMC), just follow the instructions below.
Purchasing LoMoCoin (LMC) on Binance
OK, account verified means you can begin buying LoMoCoin (LMC) right now.
Learning how to buy a LoMoCoin (LMC) is actually quite easy.
Now you’ll need to present a legal document to sustain your identity.
Use your ID card, passport or even your driver’s license to complete this step.
Follow the system instructions to take a selfie.
After you have fulfilled the system’s requisites, you will have to wait a moment for the verification to be performed on your account.
When your request has been accepted, you’ll be notified via e-mail, just be patient.
Upon receiving that e-mail it’s time to buy LoMoCoin (LMC), just follow the instructions below.
Learn to buy LoMoCoin (LMC) on Binance
Beginning your LoMoCoin (LMC) trading adventure has never been so easy, right?.
The first thing is to figure out how to convert money into LoMoCoin (LMC).
You will probably have different alternatives throughout the process
Look for the "Buy cryptos" menu on the Binance homepage to find out which options are available to you when making a purchase.
Needless to say you must be logged into your account to be able to do this
Place your mouse on this key and a list of buying alternatives will be displayed.
Now you’ll have to to use a legal document to corroborate your identity.
You can do this with your passport, ID card, or license.
Now the platform will require you to take a selfie following certain guidelines.
Once those requirements have been completed, the Binance platform will perform a confirmation process on your account.
Now wait patiently, Binance is going to send you an email when your profile has been approved.
Upon receiving that e-mail it’s time to get LoMoCoin (LMC), just follow the guidelines below.
Buying LoMoCoin (LMC) on Binance
Starting your LoMoCoin (LMC) trading experience has never been so easy, right?.
Learning how to invest your money in LoMoCoin (LMC) is not so difficult.
Some steps might have optional paths
Use the "Buy cryptos" menu on the Binance main page to know which alternatives can be found when buying.
Needless to say you must sign in to your account to do this
Hover your mouse on this key and a list of buying alternatives will be shown.
Buying LoMoCoin (LMC) using a credit/debit card
Select the credit card-related option from the drop-down menu labeled "Buy Cryptos".
Continue reading for further directions:
Now you should select the currency you’d like to buy with and specify the amount you are going to invest.
Next, pick the LoMoCoin (LMC) you’re going to buy
Taking into account the amount of USD you have recently indicated, the system will automatically display the number of LoMoCoin (LMC) you’ll get.
Keep on reading for further instructions:
Currency to be used and how much to invest must be stated here.
The the LoMoCoin (LMC) you intend to buy should be chosen from the second field
The number of LoMoCoin (LMC) you will receive will depend upon the amount of USD you’ve recently specified. The Binance platform will immediately display it.
Click "Continue".
Now you must specify your method of payment. To pay with your credit card, select in the "Visa/Mastercard" box the button "Add card".
Then the platform will prompt you to type your credit card details.
The next field is intended to state the address the credit card is associated to. Enter it exactly as it is, then choose "Add card".
Now that your card has been added, click on "Continue".
Next, all the relevant details of the transaction will be presented: the sum you’ll pay and the corresponding currency, and of course, the cryptos you are going to receive.
Another important detail in this snapshot is the amount Binance will charge you as a commision for making the purchase.
At this point you have 1 minute to press "Confirm", otherwise the order will automatically expire.
The following step needs to be carried out on the credit card banking webpage. Follow the instructions in the same way you would normally generate a payment with your credit card.
Once the banking procedure is complete, you are already in possession of the purchased LoMoCoin (LMC) in your Binance digital wallet (referred to as the «Spot Wallet»)
Know how to buy LoMoCoin (LMC) through Binance P2P
You could buy LoMoCoin (LMC) not only by means of a direct purchase, but trading them «Person To Person»
with another Binance subscriber too. You should define which payment method you would want to make use of first.
The next screen will display a snapshot of the transaction in its final stage. It includes the sum you will pay, the selected currency and the amount of LoMoCoin (LMC) purchased.
Another important detail in this overview is the amount 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 terminated.
After this, you will be redirected to the site of the credit card issuing bank. Then you will complete a normal online payment using your credit card.
You can take a look at your Binance digital wallet (called the «Spot Wallet») as soon as the banking procedure is complete to see your recently purchased LoMoCoin (LMC) already there
Learn how to purchase LoMoCoin (LMC) with Binance P2P
Another option you have to buy a cryptocurrency is to trade it
with another person. To achieve this, the first step is to add which payment method you want to use.
- Go to your profile and choose "Security".
- Look for the "Payment" option in the menu you’ll see on the left-hand side of the screen and select it.
- Choose "Add a Payment Method" and the platform will guide you through the rest of the procedure.
Now that the new method of payment has been added to your account, go to the upper part of the screen and pass over "Buy Crypto" to drop-down the menu and choose "Trading P2P". Then see the following guidelines:
- Click on the "Buy" option found on the upper bar of the "P2P Account" tab
- In this bar you will see the list of LoMoCoin (LMC) available for purchase through P2P trading. Select the one you would like to buy, here we use «USDT» as an example.Purchasing any crypto via P2P trading will allow the subscriber to exchange it on the Binance platform for any of the foreign currencies available.
- Select the currency you want to use from the drop-down menu under the "Fiat" label, for instance, «VES».
- You need to input the sum in VES you’re going to use in the "Amount" box.
- After you have selected the payment method, the system will display a register of traders’ offers.
- Locate a trader from the list shown. We advise that you pick a verified one with a high percentage of sales completed.
- Select "Buy USDT"
- Write the amount in VES you would like to invest
- Again, select "Buy USDT"
- Now a purchase order has been generated and you’ll be able to contact the seller. Make the payment, press "Transferred, Next" and then press "Confirm". Note that there’s a limited time for you to make the payment.
Ways to transfer your LoMoCoin (LMC) to the Spot Wallet
Cryptocurrencies will be released by the seller as soon as payment reception acknowledge has been done.
So, they will instantly be deposited into your wallet.
However, in case you want to purchase another LoMoCoin (LMC), you need to move them to your Spot Wallet.
You can do this immediately once the buying order has been completed just by clicking "Transfer to Spot Wallet".
This LoMoCoin (LMC) internal transfer can be done anytime later.
Tips on how to transfer your LoMoCoin (LMC) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as money reception acknowledge has been done.
This way, they will automatically be deposited into your wallet.
However, in order for you to buy another LoMoCoin (LMC), you need to send them to your Spot Wallet.
That’s quite simple: just press "Transfer to Spot Wallet" immediately after the buying order is completed.
In the event you didn’t follow this step, don’t stress, you can move the cryptos at any other moment.
- Press "Wallet Funds" from the "Wallet" drop-down list.
- Then click on the "Transfer" button on the upper right area of the screen.
- Configure the «From» and «To» options on the pop-up window to:
- From: "Funds"
- To: "Fiat and Spot"
- Select the currency in which you have money, in the example in this article we use «USDT»
- Enter the amount you are transferring to the spot walet and click "Confirm".
With these funds already in your Spot Wallet, don’t fear to trade any crypto you consider could be worthwhile.
Buy any cryptocurrency from Binance just following the instructions detailed below:
- In the top section, find the "Trading" menu.
- In the list select the "Convert" option.
- Type the amount of «USDT» you want to spend.
- Select the crypto you would like to purchase.
- Select "Preview conversion".
- Validate the transaction and that’s it. You will have the funds of the chosen cryptocurrency in your Spot Wallet.
That’s it! This way you will have money in the Spot Wallet and you will be able to purchase any of the several of LoMoCoin (LMC) within the Binance platform.
To purchase LoMoCoin (LMC) from Binance what you just have to do is the following:
- Pick the "Trading" menu in the upper panel.
- Select "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to spend.
- Select the cryptocurrency you wish to get.
- Press "Preview conversion".
- Confirm the transaction and that’s it. You will have the funds of the selected cryptocurrency in your Spot Wallet.
Based upon the above mentioned information, you are now ready to start trading on Binance.
The future of money trading relies on LoMoCoin (LMC)., and Binance is a secure and friendly environment to do business. Begin today!