Buying Motocoin (MOTO) on Binance
No doubt one of the leading trading platforms in the world today is Binance.
Understanding how to purchase Motocoin (MOTO) is essential if you wish to get started on trading on that platform.
Before entering the amazing world of cryptocurrency within the Binance platform, you will have to know the following.
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Discover ways to register on Binance
There’s only way to begin trading within the Binance platform: registering to it.
Subscribing onto the Binance platform is quite simple: check the following instructions.
Search for the "Register" option in the Binance main page and press on it to start the registration process.
Go directly to Binance by pressing here.
Locate the "Register with a phone or email" button in the homepage and press it.
You can also do this using your Apple device.
For the purpose of this guide, the email address subscription process will be described.
- First, pick the country from the drop-down list according to your place of residence.
- Next, enter your email address and a security password. Bear in mind that you will trade money, so you must give importance to the password you set up
- Mark whether you would want Binance to send news and information direct to your email. Accept the "Terms of Service" and click on "Create Account"
Binance will immediately send a one-time-only activation code (remember: this is NOT the password you’ve created) that you’ll write it in the corresponding line, then click on "Send"
You’re now a Binance user!.
It is a nice idea to visit the different options of the Binance platform and get acquainted to them.
That’s the best way to realize how practical the Binance platform is, and how fast you can start trading Motocoin (MOTO).
Fulfill the mandatory ID verification to enable all those options.
Please, be well aware that it will be only after you have completed this security step that you’ll be able to start operating with Motocoin (MOTO).
No big deal, though. See the following section to complete that step.
Verify your Binance account to get started on trading
See the next guidelines and become a certified customer:
On the main screen, hover the mouse on the user profile button and a list will immediately drop down where you will have to press "Security"
You may also click on the "Verify" button at the top of the screen
In the list shown on the left-hand side of the screen, pick the "Identification" option.
Now you’ll need to choose your country of residence.
Now, the 3 levels of verification:
- The current one.
- The Verified.
- The Verified Plus.
will be shown on your navigator window.
Press the "Start now" button under the "Verified" label, since this is the beginning level.
Then a pop-up window will display and there you must tytpe the following data:
- Nationality.
- First and Last Name.
- Second name and date of birth.
- Exact address of your residence.
It is time to support your identity with a legal document.
You can do this by using your ID card, passport, or driver’s license.
Follow the system guidelines to take a selfie.
The last step will be carried out by the Binance platform: a corroboration process that will just take a while.
Now you have to wait until your application has been approved. Be patient, Binance will send you an email.
The following instructions will guide you through the Motocoin (MOTO) buying process. As soon as you’ve got the confirmation email, you are a Binance licensed Motocoin (MOTO) trader.
Buying Motocoin (MOTO) on Binance
OK, account confirmed means you can begin buying Motocoin (MOTO) right now.
In this segment you’ll learn how simple is to make a purchase of Motocoin (MOTO).
Now you’ll need to show a legal document to sustain your identity.
passport, ID card or even a license will be enough to complete this requirement.
In the next stage, you will have to take a selfie, following the platform’s guidelines.
Once those requirements have been fulfilled, the Binance platform will perform a confirmation process on your account.
So, wait patiently, Binance is going to let you know via e-mail once your request has been accepted.
Congratulations! Now you’re officially enabled to trade Motocoin (MOTO). The following instructions will be helpful.
Buying Motocoin (MOTO) on Binance
Beginning your Motocoin (MOTO) trading experience has never been so simple, right?.
The first step is to discover how to make a purchase of Motocoin (MOTO).
Some steps would probably have optional paths
The "Buy cryptos" menu on the Binance main page will be your reference when making a purchase.
Obviously, you’ll only be able to do this if you’re logged in
Uncover all the different purchase options just by hovering your mouse over this button.
The next step is to verify your identity with a legal document.
You can do this with your ID card, passport, or license.
Now, you will have to take a selfie, according to the application’s guidance.
After you have fulfilled the platform’s instructions, you will have to wait a short time for the verification to be applied to your account.
So, wait patiently, Binance will let you know via email when your profile has been approved.
Upon receiving that email it’s time to acquire Motocoin (MOTO), just see the instructions below.
Buying Motocoin (MOTO) on Binance
All right, account validated was all you needed to begin buying Motocoin (MOTO) immediately.
In this segment you’ll realize how simple is to convert cash into Motocoin (MOTO).
Some processes would probably have alternative paths
To find out which alternatives you have when making a purchase, look for the "Buy cryptos" menu on the Binance main page.
You should, of course, do that once you are signed into your account
Hovering your mouse pointer over this button will display a list of alternatives for making your purchase.
Using your credit or debit card to buy cryptocurrencies
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
After that, just observe the following directions:
Now you must select the currency you want to buy with and enter the amount you are going to invest.
Next, choose the Motocoin (MOTO) you are going to get
The quantity of Motocoin (MOTO) you’ll be given will depend upon the amount of USD you’ve previously specified. The Binance system will automatically display it.
Read on for detailed guidelines:
Currency preferred and how much you’ll invest should be stated here.
The the Motocoin (MOTO) you wish to purchase must be indicated in the second field
The quantity of Motocoin (MOTO) you’ll get will depend upon the amount of USD you have recently specified. The Binance platform will immediately show it to you.
Next click "Continue".
To add your CC as a payment method, go to the "Visa/Mastercard" field and press the "Add card" option.
Then the platform will prompt you to enter your credit card numbers.
The credit card’s address must be stated next. Be very careful, since you must enter it exactly as it is, otherwise your card won’t be approved. Then select "Add card".
With this, your credit card will be added to the valid methods of payment in your account. Click "Continue".
The next screen will display a snapshot of the operation in its final stage. It includes the sum you will pay, the selected currency and the amount of Motocoin (MOTO) you will receive.
Another important detail in this quick view is the percentage you’ll be charged as a commision for making the purchase.
You have 1 minute to press "Confirm", otherwise the order will be automatically shut down.
After this, you will be redirected towards the site of the bank issuing the credit card. Then you will make a normal online payment with your credit card.
After the banking procedure is complete, you’ll have your recently purchased Motocoin (MOTO) in your Binance e-wallet (referred to as the «Spot Wallet»)
Buy Motocoin (MOTO) with Binance P2P
Another option you have to get a cryptocurrency is to trade it
with another subscriber. Payment method is the first parameter you will define.
Next, you’ll be presented a snapshot of the operation about to be completed. That includes the sum you will pay, the selected currency and the quantity of Motocoin (MOTO) purchased.
Another important detail in this quick view is the percentage Binance will charge you as a commision for making the transaction.
In less than 1 minute click on "Confirm", from then on the order will expire automatically.
Next, you’ll be redirected towards the site of the credit card issuing bank. Proceed exactly as you do when making a payment with your credit card on the bank website.
After the banking procedure has been finished, you are already in possession of the purchased Motocoin (MOTO) in your Binance e-wallet (referred to as the «Spot Wallet»)
Learn how to purchase Motocoin (MOTO) with Binance P2P
An alternative way to purchase crypto is to exchange it
with another subscriber. Payment method is the first setting you should add.
- Login to the "Security" panel of your profile.
- Choose "Payment" on the left-hand side of the screen.
- Press the "Add a Payment Method" button and follow the platform instructions.
Now that the new method of payment has been added to your account, go to the top part of the display and hover on "Buy Crypto" to drop-down the menu and press "Trading P2P". Then see the following steps:
- Locate the "Buy" button on the upper bar of the "P2P Account" menu and press it
- Here you can pick the Motocoin (MOTO) you would like to buy, among all those available for buying through P2P operations. We present «USDT» for this example.Any Motocoin (MOTO) bought in P2P trading is allowed to be exchanged by any of the foreign currencies available on Binance.
- Select the currency you want to use from the drop-down menu under the "Fiat" column, for example, «VES».
- Use the "Amount" box to indicate the sum in VES you’re going to use to buy Motocoin (MOTO).
- You will see a list of traders’ offers a little while after you have defined the method of payment.
- Locate a trader from the displayed list. We advise that you choose one that is verified and has a high completed sales rate.
- Click on "Buy USDT"
- Write the amount in VES you want to pay
- Again, press "Buy USDT"
- That will open an order where you will have connection with the trader. Pay within the time limit and click on "Transferred, Next" and then press "Confirm".
Tips on how to transfer your Motocoin (MOTO) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as payment reception validation has been done.
This way, they will immediately be deposited into your wallet.
Take into account that your Motocoin (MOTO) must be in your Spot Wallet in case you want to get others, so you will have to transfer them there before.
That’s easy: just press "Transfer to Spot Wallet" immediately after the buying order has been completed.
If you forget to follow this step right after buying the cryptos, no problem at all: you’ll always be able to do it at any moment.
The right way to transfer your Motocoin (MOTO) to the Spot Wallet
The seller, upon receiving your money, will immediately release the Motocoin (MOTO).
This way, they will automatically be deposited into your wallet.
Take into account that your Motocoin (MOTO) must be in your Spot Wallet in case you want to purchase others, so you need to transfer them there before.
That’s easy: just press "Transfer to Spot Wallet" once the buying order has been completed.
In the event you didn’t follow this step, don’t be concerned, you can do it later.
- Place the mouse pointer over "Wallet" and select "Wallet Funds" from the drop-down list.
- Next press "Transfer" option 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»
- Select the currency according to the funds you have in the platform, in this example we’ll use «USDT»
- Type the cryptos you are about to send to the spot walet and click "Confirm".
All right! Now you have money available to trade any of the huge selection of Motocoin (MOTO) in the Binance platform.
Purchase any cryptocurrency from Binance just following the instructions described next:
- Pick the "Trading" menu in the top section.
- From that list select the "Convert" option.
- Fill in the box the sum of «USDT» you would like to invest.
- Now select the cryptocurrency you’re interested in.
- Choose "Preview conversion".
- Validate the operation and that’s all. You will have the funds of the chosen crypto in your Spot Wallet.
That’s all! Now you will have funds in the Spot Wallet so you will be able to trade any of the huge selection of Motocoin (MOTO) within the Binance platform.
Buy any crypto from the Binance platform just following the instructions detailed next:
- In the top section, loate the "Trading" option.
- From that list select the "Convert" alternative.
- Fill in the box the amount of «USDT» you want to spend.
- Now select the crypto you’re interested in.
- Choose "Preview conversion".
- Validate the transaction and that’s all. You will have the funds of the selected crypto in your Spot Wallet.
This text surely pictured you a wide vision of what Binance is and how you can trade Motocoin (MOTO) on it.
So, no time to waste, make a profitable business in the Binance platform.