Buying Lynx (LYNX) on the Binance platform
You can find a lot of trading platforms on the ’net nowadays, but certainly Binance is among the most popular and reputed.
Understanding how to trade with Lynx (LYNX) is essential in case you want to begin trading on that platform.
Keep on reading this article and you’ll find everything you need to know about buying crypto on Binance.
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Discover ways to register on Binance
The only way to get started in operating within Binance is registering to it.
No complicated subscription: just follow the instructions below.
On the Binance homepage you have to locate the "Register" option and press it.
You may access directly by clicking 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.
For the purpose of this article, the e-mail address registration technique will be described.
- In the window you’ll immediately see, select your country of residence from the drop-down list.
- Now the extremely important step: password. Select a string of characters rare enough not to be easily deducted. Don’t use your birth date, middle name or things like that. Be well aware that it’s your property what will be protected by that word
- If you want to be informed periodically via e-mail about Binance news, check 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 just needs to be verified via e-mail
By now, you should have received an e-mail in the address you’ve just used for registering on the Binance platform. In its text you’ll see a one-time-only activation keycode you’ll need to will enter in the corresponding box. Then click on "Send"
You’re now a Binance subscriber!.
It is a good idea to browse the different options of the Binance platform and get acquainted to them.
You’ll immediately notice how simple is to begin operating with Lynx (LYNX).
To gain access to these options, you must fulfill the ID checking.
Warning: No Lynx (LYNX) trading will be permitted if you skip this safety step.
No big deal, though. Read the following section to fulfill that step.
Verify your Binance account to start trading
These are the guidelines to verify your Binance account and get authorized to begin trading:
Choose "Security" from the drop-down list under the user profile section
Or just look for the "Verify" button on the upper part of the screen
Click "Identification" on the left list of options.
Country of residence should be picked here.
Now, the 3 verification levels:
- The one you already have.
- The Verified.
- The Verified Plus.
will be displayed on your navigator window.
Press the "Start now" button below the "Verified" label, for this will be your beginning level.
In this step, you must provide some personal data:
- Nationality.
- First Name and Surname.
- Middle name and date of birth.
- Exact address of your residence.
- Middle name and birth date.
- Middle name and date of birth.
Now you’ll have to to provide a legal document to corroborate your identity.
passport, ID card or even a license will be enough to complete this requirement.
Now, you will be asked to take a selfie, according to the platform’s guidelines.
After you have completed the system’s requirements, you will have to wait a while for the verification to be performed on your account.
So, wait patiently, Binance is going to let you know via email as soon as your request has been accepted.
The following instructions will guide you through the Lynx (LYNX) trading process. As soon as you’ve received the confirmation e-mail, you have become a Binance licensed Lynx (LYNX) trader.
Buying Lynx (LYNX) on Binance
Beginning your Lynx (LYNX) trading career has never been so simple, right?.
Learning how to make a purchase of Lynx (LYNX) is not that hard.
Here, the Binance platform will ask you to show a legal document for identity verification.
You can do this with your passport, ID card, or license.
Now the platform will ask you to take a selfie under certain conditions.
After you have fulfilled the system’s instructions, you will have to wait a moment for the verification to be applied to your account.
As soon as your profile has been approved, you will be informed via e-mail, just be patient.
After that, it’s time to acquire Lynx (LYNX), just see the instructions below.
Learn to purchase Lynx (LYNX) on Binance
So, account confirmed was all you needed to begin buying Lynx (LYNX) immediately.
In this section you’ll discover how easy is to convert money into Lynx (LYNX).
Some processes would probably have optional paths
The "Buy cryptos" menu on the Binance main page will be your reference at buying time.
Certainly, you’ll only be able to do this if you’re logged in
See all the different purchase options just by placing your mouse over this button.
Now you’ll have to to present a legal document to check your identity.
Use your ID card, passport or even your license to complete this step.
Now the system will ask you to take a selfie following certain guidelines.
Now you’ll have to wait for a short time while an account verification process takes place.
All you need to do is be patient, Binance is going to send you an email once your request has been accepted.
Congratulations! Now you’re officially enabled to buy Lynx (LYNX). The following guidelines will be helpful.
Buying Lynx (LYNX) on Binance
Since you have subscribed to the platform and have your account validated, you’re OK to begin trading.
Understanding how to invest your money in Lynx (LYNX) is actually quite easy.
You may find different options throughout the process
Look for the "Buy cryptos" menu on the Binance homepage to find out which alternatives are available to you when making a purchase.
Needless to say you must be logged into your account to do this
Hover your mouse over this button and a list of buying alternatives will be shown.
Did you know you can use your debit or credit card to purchase Lynx?
What you will do to purchase the Lynx (LYNX) you want using a credit card, is to choose this method from the "Buy Cryptos" drop-down menu.
These directions will help you in the process:
In the next box, pick the currency you want to buy with and specify the amount you are going to invest.
Next, select the Lynx (LYNX) you are going to purchase
After you do so, the system will immediately display the quantity of Lynx (LYNX) you’ll receive, according the amount of USD you’ve just defined.
Next, just follow these guidelines:
Currency preferred and amount of the investment should be stated here.
In the next field you should pick the Lynx (LYNX) you would like to get
The quantity of Lynx (LYNX) you will get will depend upon the amount of USD you’ve previously defined. The Binance system will immediately display it.
Press "Continue".
If you want to pay with a credit card, go to the "Visa/Mastercard" field and click on the "Add card" option.
CC numbers must be typed in this step, then press "Next".
The following field is intended to specify the address the credit card is associated to. Enter it exactly as it is, then select "Add card".
When you see your new card has been added, click on "Continue".
Next, you’ll see a snapshot of the operation in its final stage. It includes the amount you will pay, the selected currency and the amount of Lynx (LYNX) purchased.
Certainly, Binance will charge you a small amount as a commission for making the purchase, and that will appear in that overview as well.
You have 1 minute to press "Confirm", otherwise the order will automatically expire.
After this, you’ll be sent towards the site of the credit card issuing bank. There you would make a normal online payment with your credit card.
Your recently purchased Lynx (LYNX) will be available in your Binance e-wallet (referred to as the «Spot Wallet») once the banking procedure is complete
See how easy is how to buy Lynx (LYNX) with Binance P2P
A different way to purchase a cryptocurrency is to exchange it
with another trader. To accomplish this, the first step is to define which payment method you want to apply.
Next, all the relevant details of the transaction will be displayed: the amount you are paying and the corresponding currency, and obviously, the cryptos you will receive.
Another important detail in this snapshot is the amount you’ll be charged as a commision for making the transaction.
Now you must acknowledge the order clicking on the "Confirm" button within the following 60 seconds, or it will be automatically canceled.
The Binance platform will now reroute you to the bank issuing the credit card. Follow the steps in the same way you would normally make a payment with your credit card.
Your recently bought Lynx (LYNX) will be deposited to your Binance e-wallet (called the «Spot Wallet») once the banking procedure is complete
Buy Lynx (LYNX) via Binance P2P
You could buy Lynx (LYNX) not only via a direct purchase, but trading them «Person To Person»
with another Binance trader as well. To get this done, the first step is to indicate the payment method you wish to use.
- Login to the "Security" section of your profile.
- In the menu on the left-hand side click on "Payment".
- As soon as the "Add a Payment Method" option is chosen the system will guide you through the rest of the procedure.
Now that the new payment method has been included in your account, go to the top bar of the navigator and pass over "Buy Crypto" to drop-down the menu and choose "Trading P2P". Then see the following instructions:
- On the upper bar of the "P2P Account" tab, pick "Buy"
- In this bar you’ll find the list of Lynx (LYNX) available for purchase via P2P trading. Select the one you want, for this exercise we will present «USDT» as an example.Purchasing any crypto through P2P trading will allow the subscriber to exchange it on the Binance platform for any of the foreign currencies available.
- Locate the "Fiat" label on the upper menu and deploy the drop-down list to find all available currencies. We’ll use «VES» in this example.
- Use the "Amount" box to type the sum in VES you’d like to invest to buy Lynx (LYNX).
- You will see a register of traders’ ads as soon as you have selected the payment method.
- From the list list shown, you can choose any of the traders. Although it is recommendable to choose a verified one and better if a high percentage of completed sales is displayed.
- Next click on "Buy USDT"
- Now the amount you want to pay in VES must be typed
- Press "Buy USDT" again
- A purchase order has been created and the seller and you will be able to contact each other for details, if needed. You have a limited time to pay, otherwise the order will be terminated by the system (and that’s bad for your rating as a buyer). Once you paid, press "Transferred, Next" and then press "Confirm".
How to transfer your Lynx (LYNX) to the Spot Wallet
Once you have made a payment to the trader, they will release the Lynx (LYNX), by confirming payment reception.
The default place where Lynx (LYNX) are added to is your Binance wallet.
Although, in case you would want to buy another Lynx (LYNX), you will have to move them to your Spot Wallet.
To accomplish this, you only need to press "Transfer to Spot Wallet" right after the buying order has been completed.
In the event you didn’t follow this step, don’t stress, you can do it later.
The right way to transfer your Lynx (LYNX) to the Spot Wallet
When you have made a payment to the trader, they may release the Lynx (LYNX), just by confirming payment reception.
The default place where Lynx (LYNX) are transferred to is your Binance wallet.
Take into account that your Lynx (LYNX) must be in your Spot Wallet in order for you to get others, so you will have to transfer them there before.
That’s easy: just press "Transfer to Spot Wallet" right after the purchase order has been completed.
In the event you didn’t follow this step, don’t stress, you can do it at any other time.
- Press "Wallet Funds" from the "Wallet" drop-down menu.
- Locate the "Transfer" button on the upper right area of the screen and click on it.
- A new window will pop-up, where you must set the options to:
- From: «Funds»
- To: «Fiat and Spot»
- Select the currency corresponding to the funds you have in the platform, in this example we’ll use «USDT»
- Set the amount you are sending for the Exchange and click "Confirm".
All right! Now you have money available to purchase any of the numerous Lynx (LYNX) in the Binance platform.
To buy Lynx (LYNX) from Binance all you have to do is described below:
- Look for the "Trading" option in the top upper panel.
- Choose "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to spend.
- Select the cryptocurrency you wish to buy.
- Press "Preview conversion".
- Validate the operation and that’s it. You will have the amount of the chosen crypto in your Spot Wallet.
That’s all! Now you will have funds in the Spot Wallet and you will be able to purchase any of the huge selection of Lynx (LYNX) that the Binance platform has.
Buy any cryptocurrency from the Binance platform just following the steps described next:
- Look for the "Trading" option in the top top panel.
- Click on "Convert" from the list.
- Type the amount of «USDT» you wish to spend.
- Select the cryptocurrency you intend to buy.
- Press "Preview conversion".
- Confirm the transaction and that’s it. You now will have the funds of the selected crypto in your Spot Wallet.
This article have surely pictured you a detailed vision of what Binance is and how you can trade Lynx (LYNX) on it.
So, no need to think twice, make a profitable business in this cryptocurrency platform.