Purchasing LuxFi (LXF) on the Binance platform
There are many trading platforms on the WWW nowadays, but undoubtedly Binance is one of the most popular and reputed.
Learning how to buy LuxFi (LXF) is vital if you need to start out trading on that platform.
The goal of this post is to teach the reader on how to trade with LuxFi (LXF) on the Binance LuxFi (LXF) exchange.
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How to register on Binance
There’s only way to get started in operating within the Binance platform: opening an account in it.
Subscribing the Binance platform is very easy: see the following instructions.
Navigate to the Binance homepage and press on the "Register" option.
Here you have the direct link to Binance.
At this moment click on the "Register with a phone or email" button.
You can also do this using your iOS smartphone.
In this guide, we’ll will explain how to do this with an e-mail.
- In the window that will be displayed, choose your country of residence from the drop-down list.
- The next step is creating a safety password. This is crucial since it’s all about your money’s safety, so you have to invent a strong one
- If you wish to be informed periodically via email 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 email verification
Check the inbox in the email address you indicate at subscription and look for the activation code for your Binance account. Type it in the corresponding box and press "Send"
You’re now a Binance user!.
It is a good idea to browse the different options of the Binance platform and become familiar with them.
This way you canyou will be able to start operating with LuxFi (LXF) conveniently.
The ID verification is a required step you must complete to gain access to all those options.
Please, take into account that it is only after you have completed this security step that you’ll be authorized to start trading LuxFi (LXF).
No big deal, though. See the following section to complete that step.
How to verify your Binance account and start trading
To become a certified user you must complete the next steps:
Select "Security" from the drop-down list under the user profile area
Or simply look for the "Verify" button on the upper part of the screen
Click "Identification" on the left options list.
Now you must pick your country of residence.
It shows you three levels of verification: the one you already have, the Verified, and the Verified Plus.
At this moment, you should choose "Verified", pressing the "Start now" button under that label.
Then it will appear a pop-up window where you should write the following information:
- Nationality.
- First and Last Name.
- Second name and birth date.
- Residence address (exact).
Now you’ll have to to present a legal document to corroborate your identity.
You can do this by using your passport, ID card, or driver’s license.
Now the platform will require you to take a selfie under certain conditions.
Once those requisites have been fulfilled, the Binance system will perform a verification process on your account.
Once your application has been accepted, you’ll be notified via email, just be patient.
Upon receiving that email it’s time to buy LuxFi (LXF), just follow the instructions below.
Purchasing LuxFi (LXF) on Binance
OK, account verified was all you needed to begin purchasing LuxFi (LXF) right now.
In this segment you’ll discover how easy is to convert money into LuxFi (LXF).
At this point, the Binance platform will ask you to show a legal document for identity checking.
ID card, passport or even a license will be enough to fulfill this condition.
Now, you will be asked to take a selfie, following the platform’s guidance.
The last step will be made by the Binance platform: a verification process that will just take a while.
When your profile has been approved, you’ll be informed via email, just be patient.
After that, it’s time to buy LuxFi (LXF), just see the guidelines below.
Buying LuxFi (LXF) on Binance
Starting your LuxFi (LXF) trading career has never been so simple, right?.
In this section you’ll realize how easy is to invest your money in LuxFi (LXF).
You may find more than one option throughout the process
To find out which alternatives can be found when making a purchase, look for the "Buy cryptos" menu on the Binance main page.
Needless to say you must be logged into your account to do this
Unveil all the different buying options just by hovering your mouse over this button.
Here, the Binance platform will require you to present a legal document for identity checking.
passport, ID card or even a license will be enough to complete this condition.
In the next stage, you will be asked to take a selfie, following the application’s guidance.
The last step is on Binance’s side: a certification process that will just take a while.
Now you must wait until your profile has been approved. Be patient, the system is going to let you know via email.
Congrats! As soon as you’ve got the confirmation you’re officially enabled to buy LuxFi (LXF). The following instructions will be helpful.
How to buy LuxFi (LXF) on Binance
Since you are registered on the Binance platform and got your account confirmed, you can begin trading.
First you need to figure out how to make a purchase of LuxFi (LXF).
Be aware that you have more than one option for this process
Browse through the "Buy cryptos" menu on the Binance homepage to know which alternatives are available to you when buying.
Needless to say you must login to your account to do this
Find all the different buying options just by placing your mouse over this button.
Did you know you can use your credit or debit card for buying LXF?
Select the credit card-related option from the "Buy Cryptos" drop-down list.
Read on for detailed guidelines:
Currency preferred and amount of the investment should be defined in the next box.
The the LuxFi (LXF) you would like to purchase must be picked from the second field
After you do so, the platform will automatically show you the quantity of LuxFi (LXF) you are going to get, taking into account the amount of USD you have just indicated.
Read on for detailed guidelines:
Currency preferred and amount of the investment should be specified here.
In the next field you must pick the LuxFi (LXF) you intend to get
Once you do so, the system will immediately display the quantity of LuxFi (LXF) you will be given, considering the amount of USD you’ve recently indicated.
Click on "Continue".
If you’re going to pay with a credit card, select in the "Visa/Mastercard" field the button "Add card".
Indicate your credit card numbers and press "Next".
Your credit card’s address must be stated next. Try not to mistype a single character, since you’ll need to type it exactly as it is, otherwise the card could not be approved. Then select "Add card".
With this step, your card will be added to the payment methods in your user profile. Click "Continue".
Next, all the important details of the operation will be presented: the sum you are paying and the corresponding currency, and of course, the cryptos you will get.
Another detail of relevance in this overview is the percentage you’ll be charged as a commision for making the purchase.
In less than 1 minute click on "Confirm", after that time the order will expire automatically.
The next step must be done on the credit card banking system. Proceed just as you usually do when making a standard online credit card payment.
Your recently purchased LuxFi (LXF) will be deposited to your Binance digital wallet (called the «Spot Wallet») once the banking process has been finished
Purchase LuxFi (LXF) through Binance P2P
You may get LuxFi (LXF) not only via a direct purchase, but trading them «Person To Person»
with another Binance trader as well. Payment method is the first setting you should indicate.
Next, you’ll see a quick view of the transaction about to be completed. It includes the amount your card will be charged, the chosen currency and the quantity of LuxFi (LXF) bought.
Obviously, Binance will claim a small amount as a commission for supporting the purchase, and that will appear in that quick view as well.
Now you must acknowledge the order clicking on the "Confirm" button within the next minute, or it will be automatically canceled.
After this, you’ll be redirected towards the site of the bank issuing the credit card. Follow the instructions in the same way you would generate a payment with your card.
You can check your Binance e-wallet (referred to as the «Spot Wallet») once the banking process has been finished and you’ll find your recently purchased LuxFi (LXF) already credited
Purchase LuxFi (LXF) via Binance P2P
That means «Person To Person», i.e.: trading LuxFi (LXF)
with another Binance trader. Payment method is the first setting you must state.
- Select "Security" in your account.
- Click on "Payment" from the menu on the left.
- As soon as the "Add a Payment Method" button is pressed the platform will guide you through the rest of the procedure.
Once the new payment method has been added to your account, locate the "Buy Crypto" menu on the top bar of the navigator, click the "Trading P2P" option and follow the steps described below:
- Press the "Buy" button on the top bar of the "P2P Account" tab
- Here you can select the LuxFi (LXF) you’re interested in, among all those available for buying through P2P operations. We present «USDT» for this guide.It is important to note that once you buy any crypto through P2P trading, you’ll be able to exchange it for any of the foreign currencies that operate on the Binance platform.
- It is time to choose the currency you want to use, for instance, «VES». To do this, see the drop-down menu under the "Fiat" column.
- Use the "Amount" box to type the sum in VES you’d like to invest to purchase LuxFi (LXF).
- You will be able to see a register of dealers’ ads as soon as you select the method of payment.
- From the list list shown, you may choose any of the traders. It is advisable to choose a verified one and better if a high percentage of completed sales is displayed.
- Now click on "Buy USDT"
- In this step, the amount you wish to invest in VES must be entered
- Click on "Buy USDT" again
- Now an order has been generated and the trader and you will contact. Pay, click on "Transferred, Next" and then press "Confirm". Note that there’s a time limit for you to pay.
The right way to transfer your LuxFi (LXF) to the Spot Wallet
After you have completed a payment to the seller, they will be able to release the LuxFi (LXF), just by confirming payment reception.
So, they will immediately be added to your account balance.
Take into account that your LuxFi (LXF) must be in your Spot Wallet in order for you to purchase others, so you will have to transfer them there before.
That’s easy: just click on "Transfer to Spot Wallet" immediately after the buying order is completed.
This LuxFi (LXF) internal movement can be performed whenever you need.
How you can transfer your LuxFi (LXF) to the Spot Wallet
Cryptos will be released by the trader as soon as money reception validation has been done.
So, they will immediately be deposited into your wallet.
Take into account that your LuxFi (LXF) must be in your Spot Wallet in order for you to buy others, so you will have to transfer them there before.
You can do this immediately once the purchase order has been completed just by clicking "Transfer to Spot Wallet".
If you didn’t follow this step, don’t fear, you can move the cryptos later.
- Click on "Wallet Funds" from the "Wallet" drop-down menu.
- Locate the "Transfer" button at the top right and click on it.
- Set the «From» and «To» options on the pop-up window to:
- From: «Funds»
- To: «Fiat and Spot»
- Choose the currency in which you have money, in the example here we use «USDT»
- Enter the cryptos you are sending for the Exchange and click "Confirm".
Perfect! Now you have funds available to buy any of the numerous LuxFi (LXF) in the Binance platform.
To purchase LuxFi (LXF) from the Binance platform what you just have to do is the following:
- Locate the "Trading" menu in the top top section.
- Choose "Convert" from the list.
- Input the amount of «USDT» you wish to spend.
- Select the cryptocurrency you wish to get.
- Choose "Preview conversion".
- Confirm the operation and that’s all. You will have the funds of the chosen crypto in your Spot Wallet.
All right! Now you have funds available to buy any of the numerous LuxFi (LXF) in the Binance platform.
Find out how easy is to buy any cryptocurrency from the Binance platform:
- In the upper panel, loate the "Trading" menu.
- Choose "Convert" from the list.
- Fill in the box the amount of «USDT» you wish to invest.
- Choose the crypto you intend to purchase.
- Choose "Preview conversion".
- Validate the transaction and that’s it. Now you will have the amount of the chosen crypto in your Spot Wallet.
Depending on the above mentioned information, you are now ready to start out trading on Binance.
So, no time to waste, make a profitable business within this crypto platform.