Buying NIL Coin (NIL) on the Binance platform
There are a lot of trading platforms today on the Internet, but clearly Binance is one of the most popular and reputed.
Therefore, the first thing you should to do if you want to get started operating on it is to understand how to purchase NIL Coin (NIL).
For this reason, in this post we will try to give you all what you need to know to trade with NIL Coin (NIL) on the Binance cryptocurrency exchange.
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Discover ways to register on Binance
There’s only way to get started in trading within Binance: opening an account in it.
Just follow each one of the steps listed below.
Proceed to the Binance main page and click on the "Register" key.
You have the direct link here.
Look for the "Register with a phone or email" button in the main page and press it.
The Binance platform is totally compatible with iOS mobile devices as well.
Here we’ll will describe the subscription technique using an email address.
- First, choose the country from the drop-down list according to the one you reside.
- Now, write your e-mail address and a password. Keep in mind that you are going to invest your money, you have to give relevance to the password you select
- Now you must accept "Terms of Service" and, if you want to receive information, updates and news from Binance in your e-mail address, click in the corresponding box
You should have received an e-mail sent to the address you’ve just used to create your Binance account. It will have a one-time-only activation keycode you’ll need to will enter in that page. Then click on "Send"
Finally, your Binance account is active.
Take a time to become familiar with the different options of the Binance platform by navigating through them.
This way you canit is possible to begin trading NIL Coin (NIL) conveniently.
Complete the mandatory identity verification to enable all those options.
Notice: No NIL Coin (NIL) operation will be allowed if you overlook this security step.
No big deal, though. Continue reading through the next instructions to fulfill that step.
Learn to verify your Binance account and put hands on trading
To be an authorized user you have to follow the next steps:
From the user profile menu, click on "Security"
Another alternative is to move to the upper part of the screen and press the "Verify" button
In the list shown on the left-hand part of the screen, pick the "Identification" option.
Country of residence is the first thing you must pick.
The platform will display you three verification levels: the one you already have, the Verified, and the Verified Plus.
Begin by selecting "Start now" located below the "Verified" level.
A pop-up window will appear, and there you will have to give your personal data: Nationality, first name and surname, middle name and birth date. Besides, make sure you enter the exact address of your residence
Here, the Binance platform will require you to present a legal document for identity verification.
You can do this by using your passport, ID card, or license.
In the next step, you will be asked to take a selfie, according to the platform’s requirements.
After you have completed the platform’s instructions, you will have to wait a while for the verification to be applied to your account.
All you need to do is be patient, Binance will send you an e-mail when your request has been accepted.
Congratulations! Once you’ve received the confirmation you’re officially licensed to operate with NIL Coin (NIL). See the guidelines that follow.
Buying NIL Coin (NIL) on Binance
Since you have registered on the platform and have your account confirmed, you are OK to begin trading.
In this segment you’ll realize how easy is to buy a NIL Coin (NIL).
Next, you’ll have to to present a legal document to verify your identity.
Use your passport, ID card or even your license to complete this step.
Now the system will ask you to take a selfie under certain conditions.
The last step is on Binance’s side: a verification process that will take only a short time.
Now you must wait until your application has been approved. Be patient, Binance will let you know via e-mail.
Congratulations! Now you’re officially authorized to operate with NIL Coin (NIL). The following guidelines will be helpful.
Buying NIL Coin (NIL) on Binance
Starting your NIL Coin (NIL) trading adventure has never been so simple, right?.
The first thing is to figure out how to convert money into NIL Coin (NIL).
Be aware that you could have more than one option for this process
The "Buy cryptos" menu on the Binance homepage will be your reference at buying time.
Certainly, you’ll only be able to do this after you’ve logged in
Hover your mouse over this key and a list of buying alternatives will be displayed.
The next step is to corroborate your identity with a legal document.
Use your ID card, passport or even your license to complete this step.
In the next step, you will be asked to take a selfie, according to the application’s instructions.
After fulfilling all those requirements, the Binance platform will execute a confirmation process on your account.
Now wait patiently, Binance will send you an email as soon as your profile has been accepted.
The following instructions will guide you through the NIL Coin (NIL) purchasing process. As soon as you’ve got the confirmation email, you are a Binance authorized NIL Coin (NIL) trader.
Learn to buy NIL Coin (NIL) on Binance
Starting your NIL Coin (NIL) trading adventure has never been so simple, right?.
Learning how to make a purchase of NIL Coin (NIL) is not so difficult.
Take into account that you have more than one option for this process
The "Buy cryptos" menu on the Binance main page should be your reference when making a purchase.
Certainly, you’ll only be able to do this once you are logged in
Uncover all the different purchase options just by placing your mouse over this button.
Buying NIL Coin (NIL) with a credit/debit card
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
Keep on reading for detailed guidelines:
Now you should choose the currency you’d like to use and indicate how much you want to invest.
Next, select the NIL Coin (NIL) you’re going to buy
Taking into account the amount of USD you have just invested, the system will automatically display the quantity of NIL Coin (NIL) you’ll receive.
Read on for further instructions:
Currency preferred and amount of the investment should be indicated in the next box.
Next, pick the NIL Coin (NIL) you are going to buy
When you do so, the platform will automatically display the quantity of NIL Coin (NIL) you’ll receive, taking into account the amount of USD you have just defined.
Click on "Continue".
Now it’s time to define the method of payment you’ll use. To pay with a credit card, select in the "Visa/Mastercard" box the option "Add card".
Type your CC data and click "Next".
The credit card’s address should be indicated next. Try not to err a single character, since you’ll need to enter it exactly as it is, otherwise the card won’t be accepted. Then select "Add card".
When you see your new card has been successfully added, click on "Continue".
The next screen will display a quick view of the transaction in its final stage. It includes the sum you will pay, the selected currency and the amount of NIL Coin (NIL) purchased.
Another important detail in this quick view is the sum Binance will charge you as a commision for making the transaction.
Now you must acknowledge the order clicking on the "Confirm" button within the following minute, or it will be automatically canceled.
After this, you’ll be sent to the bank platform the credit card has been issued by. There you will make a standard on-line payment using your credit card.
You can check your Binance digital wallet (referred to as the «Spot Wallet») after the banking procedure is complete to see your recently bought NIL Coin (NIL) already credited
Buy NIL Coin (NIL) with Binance P2P
That is a transaction made «Person To Person», i.e.: exchanging NIL Coin (NIL)
with another Binance subscriber. You should state the payment method you wish to apply first.
The platform will now display the details of the purchase order you are creating. The amount your card will be charged in the currency you’ve picked, and the NIL Coin (NIL) you will receive.
It will also let you know the commission will be charged for the purchase.
In less than 1 minute click on "Confirm", there after the order will expire automatically.
The platform will now send you to the credit card issuing bank. Proceed just as you usually do when making a normal online credit card payment.
After the banking procedure is complete, you are already in possession of the purchased NIL Coin (NIL) in your Binance digital wallet (referred to as the «Spot Wallet»)
Buy NIL Coin (NIL) with Binance P2P
An alternative way to get crypto is to exchange it
with another trader. To achieve this, the first step is to add which payment method you want to use.
- Click on "Security" in your account.
- Locate the "Payment" option in the menu you’ll see on the left-hand side of the screen and select it.
- Click the "Add a Payment Method" button and follow the platform directions.
After you finished including the new payment method to your profile, go to the "Buy Crypto" menu (upper part of the display), find the "Trading P2P" button, and follow the instructions below:
- On the upper bar of the "P2P Account" menu, choose "Buy"
- Here you can select the NIL Coin (NIL) you want, among all those available for purchase via P2P trading. We will use «USDT» for this guide.Any NIL Coin (NIL) purchased via P2P trading could be exchanged by any of the foreign currencies approved by Binance.
- Now you should select the local currency you want to make the payment with, for instance, «VES». To do this, drop down the list under the "Fiat" column.
- Now you must input the amount in VES you’d like to use in the "Amount" box.
- Once you have chosen the payment method, the Binance system will display a register of dealers’ offers.
- From the list list shown, you can choose any of the sellers. Although it is recommendable to choose a verified one and better if a good percentage of completed sales is displayed.
- Select "Buy USDT"
- Write the amount in VES you would like to pay
- Again, click on "Buy USDT"
- Now an order has been opened and the seller and you will contact. Pay, press "Transferred, Next", then press "Confirm". Notice that there’s a time limit for you to make the payment.
Ways to transfer your NIL Coin (NIL) to the Spot Wallet
The seller, upon confirming payment reception, will immediately release the NIL Coin (NIL).
You may see your wallet account balance to confirm reception.
NB: you will need to send them to your Spot Wallet in order for you to get another cryptocurrency.
To accomplish this, you only need to click on "Transfer to Spot Wallet" once the buying order is completed.
This NIL Coin (NIL) internal transfer can be carried out anytime later.
How you can transfer your NIL Coin (NIL) to the Spot Wallet
When you have made a payment to the trader, they will be able to release the NIL Coin (NIL), just by confirming payment reception.
This way, they will automatically be deposited into your wallet.
NB: you will have to transfer them to your Spot Wallet in case you want to purchase any other cryptocurrency.
To achieve this, all you have to do is press "Transfer to Spot Wallet" once the buying order is completed.
Should you forget to do this right after the purchase, there’s nothing to worry about: you’ll be able to do it later.
- Drop the "Wallet" list down and select the "Wallet Funds" button.
- Next press "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
- For The purpose of this post, we will use «USDT» as an example, but you’ll obviously select the currency you have
- Set the amount you are about to move for the Exchange and click "Confirm".
With these funds already in your Spot Wallet, don’t fear to purchase any crypto you believe will yield the greatest profit.
Buy any cryptocurrency from the Binance platform just following the steps detailed next:
- Locate the "Trading" option in the top upper section.
- Choose "Convert" from the list.
- Fill in the box the amount of «USDT» you wish to invest.
- Now mark the crypto you’re interested in.
- Click on "Preview conversion".
- Confirm the operation and that’s it. You now will have the funds of the chosen cryptocurrency in your Spot Wallet.
Perfect! Now you have money available to purchase any of the huge selection of NIL Coin (NIL) in the Binance platform.
Note how easy is to purchase any cryptocurrency from the Binance platform:
- Locate the "Trading" menu in the top top panel.
- Select "Convert" from the list.
- Fill in the box the sum of «USDT» you want to spend.
- Select the crypto you intend to purchase.
- Click on "Preview conversion".
- Confirm the operation and that’s it. You will have the amount of the selected cryptocurrency in your Spot Wallet.
This article have surely pictured you a wide overview of what Binance is and how you can do business with NIL Coin (NIL) on it.
Don’t wait any further and start earning an extra income.