How to purchase Obyte (GBYTE) on the Binance platform
Binance could be considered one of the top-notch trading platforms in the world.
Therefore, the first thing you should to do if you’ would like to start operating on it is to learn how to buy Obyte (GBYTE).
This post is intended to guide you about how to buy Obyte (GBYTE) on the Binance Obyte (GBYTE) exchange.
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How to register on Binance
There is only way to start trading on the Binance platform: subscribing to it.
Just follow each one of the instructions listed below.
On the Binance main page you must locate the "Register" button and click on it.
Click here to go straight to the Binance platform.
Locate the "Register with a phone or email" button in the homepage and press it.
iOS devices can be used to do this as well.
For the purpose of this guide, the e-mail address registration process will be described.
- In the screen that will be shown, select your country of residence from the drop down list.
- Now, enter your email address and a password. Keep in mind that you are going to trade your money, so you must give importance to the password you select
- Here you must accept "Terms of Service" and, if you want to receive information, news and updates from Binance in your email address, check in the corresponding box
The Binance platform will automatically send a one-time-only activation code (remember: this is NOT your password) that you’ll write it in the corresponding box, then press "Send"
And that’s all! You are now registered to Binance.
It is a good idea to browse the different areas of the Binance platform and become familiar with them.
This way you mayyou will be able to begin operating with Obyte (GBYTE) quickly.
To gain access to those options, the first thing you must do is fulfill the ID checking.
It is very important to notice that until you fulfill this security step, you’ll not obtain permission to begin operating with Obyte (GBYTE).
However, you don’t need to worry, read the next instructions to know how to do it.
How to complete the verification of your Binance account and begin trading
To be an authorized Binance trader you have to complete the steps below:
Pick "Security" from the drop-down list under the user profile section
You may also press "Verify" button on the upper part of the screen
Press "Identification" on the left list of options.
Choose the Country of Residence.
Next, the three verification levels:
- The current one.
- The Verified.
- The Verified Plus.
will be shown on screen.
To begin, select "Start now" just near the "Verified" level.
Then a pop-up window will appear and there you will need to enter the following data:
- Nationality.
- First and Last Name.
- Middle name and birth date.
- Residence address (exact).
The next step is to verify your identity with a legal document.
Use your passport, ID card or even your license to complete this step.
Now the system will require you to take a selfie under certain conditions.
Once you have completed the platform’s requirements, you’ll have to wait a while for the verification to be performed on your account.
When your profile has been accepted, you’ll be informed via email, just be patient.
Upon receiving that email it’s time to purchase Obyte (GBYTE), to do so follow the instructions below.
How to purchase Obyte (GBYTE) on Binance
OK, account confirmed means you can begin buying Obyte (GBYTE) immediately.
First you need to figure out how to convert money into Obyte (GBYTE).
Next, you’ll need to present a legal document to corroborate your identity.
Use your ID card, passport or even your driver’s license to complete this step.
Follow the system guidance to take a selfie.
Now you’ll have to wait for a short period while an account verification process is performed.
Now you must wait until your application has been approved. Be patient, Binance is going to send you an e-mail.
Congrats! Once you’ve got the confirmation you’re officially licensed to operate with Obyte (GBYTE). The following instructions will be helpful.
Buying Obyte (GBYTE) on Binance
All right, account approved means you can begin buying Obyte (GBYTE) immediately.
The first step is to learn how to convert money into Obyte (GBYTE).
You will probably have different options throughout the process
To find out which alternatives you have when buying, browse through the "Buy cryptos" menu on the Binance homepage.
Obviously, you’ll only be able to do this after you’ve logged in
Uncover all the different buying options just by placing your mouse over this button.
The next step is to corroborate your identity using a legal document.
You can do this by using your ID card, passport, or driver’s license.
Follow the system requirements to take a selfie.
Once those requirements have been fulfilled, the Binance platform will carry out a verification process on your account.
Now you must wait until your profile has been approved. Be patient, the system will let you know via e-mail.
After that, it’s time to buy Obyte (GBYTE), to do so follow the guidelines below.
Buying Obyte (GBYTE) on Binance
OK, account validated means you can begin purchasing Obyte (GBYTE) right now.
In this section you’ll see how easy is to convert money into Obyte (GBYTE).
You may have more than one option throughout the process
Look for the "Buy cryptos" menu on the Binance main page to find out which options you have when making a purchase.
Certainly, you’ll only be able to do this if you’re logged in
Hover your mouse over this key and a list of buying alternatives will be displayed.
Did you know you could use your credit or debit card to purchase cryptocurrencies?
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
The following instructions will help you in the process:
Now you should select the currency you’d like to use and enter how much you want to invest.
In the next field you must pick the Obyte (GBYTE) you would like to buy
The quantity of Obyte (GBYTE) you are going to get will depend upon the amount of USD you’ve previously specified. The Binance platform will immediately show it to you.
Read on for detailed guidelines:
Currency preferred and how much to invest should be defined in the next box.
Next, select the Obyte (GBYTE) you’re going to buy
According the amount of USD you have previously defined, the system will immediately display the number of Obyte (GBYTE) you’ll get.
Now select "Continue".
To include your credit card as a payment method, select in the "Visa/Mastercard" field the option "Add card".
Then the platform will prompt you to indicate your credit card data.
The following field is intended to state the address the credit card is associated to. Write it exactly as it is, then choose "Add card".
Click "Continue" after you check your card has been successfully included in your user profile as a new payment method.
Next, all the relevant details of the operation will be presented: the sum you’ll pay and the corresponding currency, and of course, the cryptos you are going to receive.
It will also indicate the commission you need to pay for the transaction.
You have 60 seconds to click on "Confirm", otherwise the order will be automatically terminated.
After this, you will be sent towards the banking platform the credit card has been issued by. Proceed exactly as you do when making a payment using your card on the bank website.
You can take a look at your Binance e-wallet (called the «Spot Wallet») once the banking procedure is complete and you’ll see your recently bought Obyte (GBYTE) already credited
Buy Obyte (GBYTE) through Binance P2P
That is a transaction made «Person To Person», i.e.: trading Obyte (GBYTE)
with another Binance subscriber. To get this done, the first step is to define the payment method you would want to apply.
Next, you’ll be presented a summary of the operation in its final stage. That includes the amount you are paying, the selected currency and the quantity of Obyte (GBYTE) purchased.
Another detail of relevance in this quick view is the amount Binance will charge you as a commision for making the purchase.
You have 1 minute to click on "Confirm", otherwise the order will automatically expire.
The Binance platform will now reroute you to the credit card issuing bank. Follow the instructions in the same way you would pay with your credit card.
Once the banking process has been done, you are already in possession of the purchased Obyte (GBYTE) in your Binance e-wallet (referred to as the «Spot Wallet»)
Buy Obyte (GBYTE) through Binance P2P
Another option you have to buy a cryptocurrency is to exchange it
with another person. Method of payment is the first setting you must indicate.
- Login to the "Security" section of your profile.
- Locate the "Payment" option in the menu you’ll see from the menu on the left and choose it.
- Choose "Add a Payment Method" and the Binance platform will guide you through the rest of the procedure.
Now that the new payment method has been added to your profile, go to the upper bar of the navigator and hover on "Buy Crypto" to drop-down the list of options and click on "Trading P2P". Then see the following instructions:
- Press the "Buy" option located on the upper bar of the "P2P Account" menu
- Here you can choose the Obyte (GBYTE) you would like to buy, among all those available for buying via P2P trading. We will use «USDT» in this example.Any Obyte (GBYTE) purchased in P2P trading is allowed to be exchanged by any of the currencies available on Binance.
- Choose the currency you want to use from the drop-down list under the "Fiat" label, for example, «VES».
- Now you need to enter the amount in VES you’d like to spend in the "Amount" box.
- After you have defined the payment method, the Binance platform will display a list of traders’ offers.
- Select a trader from the displayed list. We recommend that you choose a verified one with a high completed sales rate.
- Next press "Buy USDT"
- In this step, the amount you would want to invest in VES must be input
- Again, select "Buy USDT"
- Now an order has been generated and the trader and you will contact. Make the payment, click on "Transferred, Next" and then press "Confirm". Note that there’s a limited time for you to make the payment.
How you can transfer your Obyte (GBYTE) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as money reception validation has been done.
You may verify your wallet account balance to confirm reception.
However, in case you would want to get any other Obyte (GBYTE), you must move them to your Spot Wallet.
That’s easy: just click on "Transfer to Spot Wallet" once the buying order has been completed.
Should you forget to do this right after the purchase, there’s nothing to worry about: you’ll always be able to do it at any moment.
The right way to transfer your Obyte (GBYTE) to the Spot Wallet
When you have made a payment to the trader, they are going to release the Obyte (GBYTE), just by confirming payment reception.
You may verify your wallet account balance to confirm reception.
But in order for you to purchase another Obyte (GBYTE), you will have to send them to your Spot Wallet.
To accomplish this, you only need to click on "Transfer to Spot Wallet" immediately after the purchase order is completed.
Should you forget to do this right after buying the cryptos, no problem at all: you’ll always be able to do it at any moment.
- Select "Wallet Funds" from the "Wallet" drop-down menu.
- Then 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
- Choose the currency according to your funds in the platform, in this example we’ll use «USDT»
- Type the cryptos you are moving for the Exchange and click "Confirm".
Perfect! Now you have money available to buy any of the several Obyte (GBYTE) in the Binance platform.
Purchase any cryptocurrency from Binance just following the instructions described below:
- Pick the "Trading" option in the top section.
- In the listing select the "Convert" alternative.
- Fill in the box the amount of «USDT» you would like to spend.
- Select the crypto you wish to buy.
- Select "Preview conversion".
- Validate the transaction and that’s it. You now will have the amount of the chosen crypto in your Spot Wallet.
That’s it! Now you will have funds in the Spot Wallet and you will be able to purchase any of the numerous Obyte (GBYTE) that the Binance platform has.
To purchase Obyte (GBYTE) from the Binance platform what you just have to do is described below:
- Select the "Trading" menu in the top top panel.
- From the listing choose the "Convert" option.
- Type the sum of «USDT» you wish to invest.
- Choose the cryptocurrency you wish to purchase.
- Click on "Preview conversion".
- Confirm the operation and that’s it. You will have the amount of the chosen cryptocurrency in your Spot Wallet.
This article have surely pictured you a detailed panorama of what Binance is and how you can trade Obyte (GBYTE) on it.
So, no time to waste, make a profitable business within the Binance platform.