Learn how to purchase LoyalCoin (LYL) on the Binance platform
No doubt one of the leading trading platforms in the world today is Binance.
Understanding how to trade with LoyalCoin (LYL) is essential if you’ would like to get started trading on that platform.
Stay on this post and you’ll see everything you need to know about buying crypto on Binance.
----
How to register on Binance
Opening a Binance account is the very first step you must complete.
Subscribing onto the Binance platform is very simple: see the following guidelines.
Visit the Binance main page and click on the "Register" button.
You can log in directly by clicking here.
In the Binance main page you’ll find a button with the label "Register with a phone or email". Press it.
The Binance platform is totally compatible with iOS mobile devices as well.
Here we’ll will explain the registration technique using an email address.
- From the drop-down list of countries, choose the one you’re living in.
- The next step is defining a secure password. This is crucial since it’s all about your money, so you have to invent a really strong one
- If you wish to be informed periodically via email about Binance news, mark in the corresponding box. 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 e-mail
You surely have received an e-mail in the address you’ve just used for subscribing on the Binance platform. In its text you’ll see an activation code you will enter in that page. Then click on "Send"
You’re now a Binance user!.
Now you can enter the Binance platform and observe all the options it offers.
This way you canit is possible to start operating with LoyalCoin (LYL) without difficulty.
To have access to these options, the first thing you must do is fulfill the ID verification.
It is very important to notice that unless you fulfill this security measure, youwon’t get permission to start trading LoyalCoin (LYL).
No big deal, though. Read the following instructions to fulfill that step.
Learn to complete the verification of your account and start trading
See the next guidelines and become a certified subscriber:
From the user profile menu, select "Security"
Or just look for the "Verify" button on the upper part of the navigator window
Select "Identification" on the left options list.
Country of residence must be picked here.
Now, the 3 levels of verification:
- The one you already have.
- The Verified.
- The Verified Plus.
will be displayed on your navigator window.
At this moment, you should select "Verified", pressing the "Start now" option under that label.
In this step, some personal information is required:
- Nationality.
- First and Last Name.
- Second name and birth date.
- Residence address (exact).
- Middle name and date of birth.
- Middle name and birth date.
The next step is to verify your identity using a legal document.
ID card, passport or even a license will be enough to complete this formality.
Now, you will be asked to take a selfie, according to the application’s requirements.
After you have fulfilled the system’s guidelines, you will have to wait a moment for the verification to be performed on your account.
Now you must wait until your application has been accepted. Be patient, Binance is going to send you an e-mail.
Upon receiving that e-mail it’s time to get LoyalCoin (LYL), to do so see the instructions below.
Purchasing LoyalCoin (LYL) on Binance
OK, account validated means you can begin buying LoyalCoin (LYL) immediately.
In this section you’ll discover how easy is to convert cash into LoyalCoin (LYL).
Here, the Binance platform will require you to use a legal document for identity corroboration.
ID card, passport or even a license are all valid documents to fulfill this requirement.
Now the system will require you to take a selfie following certain instructions.
After you have completed the system’s requisites, you will have to wait a short time while your account is verified.
All you need to do is be patient, Binance will let you know via e-mail as soon as your application has been approved.
After that, it’s time to get LoyalCoin (LYL), just see the guidelines below.
Purchasing LoyalCoin (LYL) on Binance
Starting your LoyalCoin (LYL) trading career has never been so simple, right?.
In this segment you’ll see how simple is to invest your money in LoyalCoin (LYL).
Some processes may have optional paths
To know which alternatives are available to you when making a purchase, look for the "Buy cryptos" menu on the Binance main page.
Needless to say you must login to your account to be able to do this
Hover your mouse on this option and a list of buying alternatives will deploy.
Next, you’ll need to provide a legal document to verify your identity.
Use your ID card, passport or even your license to complete this step.
Follow the system requirements to take a selfie.
The final step will be carried out by the Binance system: a confirmation process that will take only a short time.
Once your request has been accepted, Binance will send you an e-mail, just be patient.
After that, it’s time to acquire LoyalCoin (LYL), just follow the instructions below.
Buying LoyalCoin (LYL) on Binance
So, account verified means you can begin buying LoyalCoin (LYL) right now.
Learning how to buy a LoyalCoin (LYL) is actually quite easy.
Some steps may have optional paths
Browse through the "Buy cryptos" menu on the Binance homepage to know which options are available to you when making a purchase.
Needless to say you must login to your account to be able to do this
Placing your mouse pointer over this option will display a list of alternatives for making the purchase.
Did you know you can use your debit or credit card for buying LoyalCoin?
Choose the credit card-related option from the "Buy Cryptos" drop-down menu.
Continue reading for detailed guidelines:
In the next box, pick the currency you’d like to buy with and indicate how much you want to invest.
Next, pick the LoyalCoin (LYL) you’re going to get
Once you do so, the system will immediately display the quantity of LoyalCoin (LYL) you’ll get, taking into account the amount of USD you’ve previously invested.
Read on for further directions:
Currency preferred and amount of the investment should be specified here.
In the second field you must select the LoyalCoin (LYL) you wish to purchase
Considering the amount of USD you’ve previously specified, the system will immediately display the quantity of LoyalCoin (LYL) you will get.
Next click "Continue".
To use your Visa/MC credit card as a payment method, select in the "Visa/Mastercard" field the button "Add card".
Type your credit card data and click "Next".
Now state the physical address details for the card. Then select "Add card".
Now that your new card has been successfully added, press "Continue".
Next, all the important details of the operation will be summarized: the sum you’ll pay and the corresponding currency, and obviously, the cryptos you are going to receive.
Obviously, Binance will take a certain percentage as a commission for making the transaction, and it will be shown in that summary as well.
In less than 1 minute click on "Confirm", there after the order will expire automatically.
The following step needs to be carried out on the credit card bank webpage. Proceed exactly as you do when making a payment using your card on the bank website.
Your recently bought LoyalCoin (LYL) will be available in your Binance e-wallet (referred to as the «Spot Wallet») once the banking procedure has been finished
Learn how to purchase LoyalCoin (LYL) via Binance P2P
You may buy LoyalCoin (LYL) not only by means of a direct purchase, but trading them «Person To Person»
with another Binance subscriber as well. Payment method is the first parameter you must define.
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 are going to get.
It will also let you know the commission you should pay for the purchase.
Now you must certify the order clicking on the "Confirm" button within the next 60 seconds, or it will be automatically canceled.
The system will now reroute you to the bank issuing the credit card. Follow the instructions in the same way you would pay with your card.
Your recently purchased LoyalCoin (LYL) will be available in your Binance digital wallet (referred to as the «Spot Wallet») once the banking process is complete
Buy LoyalCoin (LYL) with Binance P2P
That is a transaction made «Person To Person», i.e.: trading LoyalCoin (LYL)
with another Binance trader. Method of payment is the first parameter you will specify.
- Choose "Security" in your profile.
- From the list on the left-hand side click on "Payment".
- As soon as the "Add a Payment Method" button is pressed the platform will guide you through the rest of the process.
Once the new payment method has been added to your profile, look for the "Buy Crypto" menu on the top bar of the navigator, click the "Trading P2P" option and follow the guidelines described below:
- Click the "Buy" option found on the top bar of the "P2P Account" tab
- Here you can select the LoyalCoin (LYL) you’re interested in, among all those available for buying through P2P operations. We present «USDT» in this example.Buying one of these LoyalCoin (LYL) via P2P trading allows the user to exchange it on the Binance platform for any of the currencies available.
- Choose the local currency you want to pay with from the drop-down list under the "Fiat" label, for example, «VES».
- In the "Amount" box, enter the sum in VES you would like to buy with.
- Once you’ve indicated the method of payment, the Binance system will show you a list of traders’ ads.
- From the list list shown, you can pick any of the traders. However, it is advisable to choose a verified one and better if a good percentage of completed sales is displayed.
- Press "Buy USDT"
- Enter the amount in VES you wish to pay
- Again, select "Buy USDT"
- Now a purchase order has been generated and the trader and you will be in touch. Pay, press "Transferred, Next", then press "Confirm". Be aware that there’s a time limit for you to pay.
The right way to transfer your LoyalCoin (LYL) to the Spot Wallet
The seller, upon receiving your payment, will automatically release the LoyalCoin (LYL).
You may verify your wallet account balance to confirm reception.
Nonetheless, you must move them to your Spot Wallet in case you would want to buy another cryptocurrency.
To do this, all you have to do is click on "Transfer to Spot Wallet" immediately after the buying order has been completed.
In case you didn’t do this, don’t be concerned, you can do it later.
The right way to transfer your LoyalCoin (LYL) to the Spot Wallet
The trader, upon receiving your payment, will immediately release the LoyalCoin (LYL).
The place where LoyalCoin (LYL) are added to is your account wallet.
Take into account that your LoyalCoin (LYL) must be in your Spot Wallet in order for you to buy others, so you will have to move them there before.
That’s easy: just click on "Transfer to Spot Wallet" once the buying order is completed.
If you forget to follow this step right after buying the cryptos, there’s nothing to worry about: you’ll be able to do it later.
- Hover the mouse over "Wallet" and select "Wallet Funds" from the drop-down list.
- Then press "Transfer" button at the top right.
- In the pop-up window, change the «From» and «To» options so that it looks like this:
- From: "Funds"
- To: "Fiat and Spot"
- For this post, we will use «USDT» as an example, but you’ll obviously choose the currency you have
- Input the amount you are transferring to the spot walet and click "Confirm".
With these funds already in your Spot Wallet, don’t fear to buy any cryptocurrency you believe will be worthwhile.
Note how easy is to buy any crypto from Binance:
- In the top section, loate the "Trading" option.
- Click on "Convert" from the list.
- Type the amount of «USDT» you would like to spend.
- Now indicate the cryptocurrency you’re interested in.
- Select "Preview conversion".
- Validate the operation and that’s all. You will have the funds of the selected cryptocurrency in your Spot Wallet.
That’s it! This way you will have funds in the Spot Wallet and you will be able to buy any of the numerous LoyalCoin (LYL) within the Binance platform.
Purchase any crypto from Binance just following the steps detailed below:
- Select the "Trading" menu in the upper panel.
- From that listing choose the "Convert" alternative.
- Fill in the box the sum of «USDT» you would like to spend.
- Now indicate the cryptocurrency you’re interested in.
- Choose "Preview conversion".
- Confirm the transaction and that’s it. Now you will have the amount of the selected cryptocurrency in your Spot Wallet.
Based on the above mentioned information, you are now ready to start out trading on Binance.
Don’t wait any further and start generating some extra money.