Purchasing Octopus Network (OCT) on Binance
Undoubtedly one of the world’s top-notch trading platforms today is Binance.
So, if you wish to start out trading on it, the first thing you have to do is to discover ways to get Octopus Network (OCT).
That’s why in this post we will supply you with all the information you should have to trade with Octopus Network (OCT) on the Binance crypto exchange.
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Understand how to register on Binance
Opening a Binance account is the initial step you have to accomplish.
Quick and easy subscription: just follow the detailed instructions below.
Search for the "Register" button in the Binance main page and press on it to start the registration process.
Access directly to Binance by clicking here.
Right now press the "Register with a phone or email" button.
This can also be done with any iOS device.
Here we’ll will explain the subscription technique using an email address.
- From the drop-down list of countries, choose the one you’re living in.
- Now the crucial part: password. Define a string of characters difficult enough not to be simply guessed. Don’t use your birth date, middle name or things like that. Be well aware that it’s your money 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. Then you must accept the "Terms of Service" and that’s almost all. Your account has been created Now it only needs to be verified via email
Binance will immediately send a one-time-only activation password (remember: this is NOT your password) that you’ll type it in the corresponding box, then click on "Send"
You’re now a Binance user!.
It would be a good idea to browse the different options of the Binance platform and get acquainted to them.
This way you mayit will be possible to start trading Octopus Network (OCT) conveniently.
To have access to those options, you have to complete the identity verification.
It is very important to note that unless you fulfill this protection measure, youwon’t get permission to start operating with Octopus Network (OCT).
No big deal, though. See the next instructions to fulfill that step.
How to verify your Binance account and get started on trading
To be an authorized end user you must follow the steps below:
On the main screen, hover the mouse on the user profile menu and a list will immediately drop down where you will need to click on "Security"
Another option is to go to the upper part of the navigator window and press the "Verify" button
Look for the option "Identification" on the left side of the navigator window.
Here you must select your country of residence.
Now, the 3 verification levels:
- The one you already have.
- The Verified.
- The Verified Plus.
will be displayed on screen.
Now you should choose "Verified", pressing the "Start now" button under it.
A pop-up window will be displayed, and there you’re going to give your personal information: Nationality, first name and surname, middle name and date of birth. Besides, make sure you provide the exact address of your residence
Here, the Binance platform will ask you to provide a legal document for identity verification.
You can do this with your ID card, passport, or license.
Now the platform will ask you to take a selfie under certain conditions.
Once you have fulfilled the platform’s requisites, you’ll have to wait a moment while your account is verified.
Once your request has been approved, you’ll be informed via email, just be patient.
Upon receiving that email it’s time to purchase Octopus Network (OCT), to do so follow the instructions below.
Buying Octopus Network (OCT) on Binance
OK, account confirmed was all you needed to begin purchasing Octopus Network (OCT) right now.
The first step is to figure out how to buy a Octopus Network (OCT).
Next, you’ll need to present a legal document to sustain your identity.
passport, ID card or even a driver’s license will be enough to fulfill this condition.
In the next stage, you will be asked to take a selfie, according to the application’s guidelines.
The last step will be made by the Binance platform: a certification process that will take only a short time.
All you have to do is wait patiently, Binance will send you an email once your profile has been accepted.
The following instructions will guide you through the Octopus Network (OCT) purchasing process. As soon as you’ve got the confirmation e-mail, you have become a Binance authorized Octopus Network (OCT) trader.
Purchasing Octopus Network (OCT) on Binance
All right, account validated was all you needed to begin purchasing Octopus Network (OCT) right now.
Understanding how to convert money into Octopus Network (OCT) is not that hard.
Some processes may have alternative paths
Browse through the "Buy cryptos" menu on the Binance homepage to know which options you have when making a purchase.
Needless to say you must log into your account to be able to do this
Move your mouse over this option and a list of buying alternatives will be displayed.
Now you’ll have to to show a legal document to support your identity.
passport, ID card or even a license will be enough to complete this condition.
Now the platform will require you to take a selfie under certain conditions.
Now you’ll have to wait for a short period while an account confirmation process takes place.
So, be patient, Binance is going to let you know via e-mail once your application has been approved.
Congratulations! Once you’ve got the confirmation you’re officially licensed to trade Octopus Network (OCT). See the guidelines that follow.
Buying Octopus Network (OCT) on Binance
OK, account verified means you can begin purchasing Octopus Network (OCT) right now.
Understanding how to invest your money in Octopus Network (OCT) is not so difficult.
You will probably find different options throughout the process
The "Buy cryptos" menu on the Binance homepage will be your reference when making a purchase.
Certainly, you’ll only be able to do this if you’re logged in
Placing your mouse pointer over this key will display a list of alternatives for making the purchase.
Did you know you can use your debit or credit card to buy OCT?
Select the credit card-related option from the drop-down list labeled "Buy Cryptos".
The following instructions will be helpful to continue the process:
Now you must pick the currency you want to buy with and indicate how much you want to invest.
The the Octopus Network (OCT) you’d like to get should be indicated in the second field
The number of Octopus Network (OCT) you’ll receive 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 to be used and how much you will invest must be specified in the next box.
The the Octopus Network (OCT) you would like to get should be picked from the second field
The quantity of Octopus Network (OCT) you’ll get will depend upon the amount of USD you have recently indicated. The Binance platform will immediately display it.
Next click "Continue".
Now you must define your method of payment. To pay with a credit card, select in the "Visa/Mastercard" field the option "Add card".
Then the platform will ask you to enter your card details.
Your credit card’s address should be specified next. Be very careful, since you’ll need to type it exactly as it is, otherwise your card could not be admitted. Then select "Add card".
Press "Continue" once you check your card has been successfully added to your user profile as a new method of payment.
The system will now display the details of the order you are creating. The sum your card will be charged with the currency you’ve selected, and the Octopus Network (OCT) you will get.
It will also state the commission will be charged for the purchase.
You have 1 minute to click on "Confirm", otherwise the order will be automatically canceled.
The system will now reroute you to the credit card issuing bank. Follow the directions in the same way you would pay with your credit card.
You can take a look at your Binance digital wallet (called the «Spot Wallet») once the banking process has been done and you’ll see your recently bought Octopus Network (OCT) already there
See how easy is how to purchase Octopus Network (OCT) with Binance P2P
This means «Person To Person», i.e.: trading Octopus Network (OCT)
with another Binance user. In that case, you should indicate which payment method you wish to apply first.
The platform will now show you the summary of the buying order you are about to complete. The amount your card will be charged in the currency you have picked, and the Octopus Network (OCT) you will be credited.
It will also indicate the commission you should pay for the purchase.
At this point you have 1 minute to press "Confirm", otherwise the order will be automatically aborted.
After this, you’ll be redirected towards the bank platform the credit card belongs to. Follow the directions in the same way you would pay with your card.
You can check your Binance digital wallet (referred to as the «Spot Wallet») once the banking procedure is complete and you’ll see your recently purchased Octopus Network (OCT) already credited
Buy Octopus Network (OCT) through Binance P2P
That means «Person To Person», i.e.: trading Octopus Network (OCT)
with another Binance trader. You should add which payment method you want to use first.
- Go to your account and click on "Security".
- 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 instructions.
Once you have configured the new payment method to your account, move to the "Buy Crypto" menu (top bar of the navigator), select the "Trading P2P" button, and follow the guidance below:
- On the upper bar of the "P2P Account" tab, select "Buy"
- In this bar you’ll see the list of Octopus Network (OCT) available for purchase through P2P trading. Choose the one you want, for this exercise we will present «USDT» as an example.It is important to note that once you purchase one of these cryptocurrencies via P2P trading, you’ll be able to exchange it for any of the foreign currencies that operate on the Binance platform.
- Locate the "Fiat" label on the upper tabs and deploy the drop-down list to see all available currencies. We’ll use «VES» in this example.
- You need to input the sum in VES you’re going to spend in the "Amount" box.
- Define the method of payment and wait for the platform to show you all the dealers that are offering Octopus Network (OCT).
- Select a trader from the list shown. We advise that you pick a verified one with a high percentage of sales completed.
- Press "Buy USDT"
- Type the amount in VES you wish to pay
- Click on "Buy USDT" again
- Now a purchase order has been created and you’ll be able to contact the trader. Pay, press "Transferred, Next" and then press "Confirm". Notice that there’s a time limit for you to pay.
How to transfer your Octopus Network (OCT) to the Spot Wallet
Cryptocurrencies will be released by the seller as soon as money reception validation has been done.
The place where Octopus Network (OCT) are transferred to is your Binance wallet.
Note that you need to move them to your Spot Wallet in order for you to buy another crypto.
You can move them immediately once the purchase order has been completed just by clicking "Transfer to Spot Wallet".
In the event you didn’t do this, don’t be concerned, you can move the cryptos later.
How to transfer your Octopus Network (OCT) to the Spot Wallet
After you have completed a payment to the trader, they may release the Octopus Network (OCT), by confirming receipt of the payment.
The place where Octopus Network (OCT) are deposited is your account wallet.
Nonetheless, you will need to transfer them to your Spot Wallet in case you want to purchase any other crypto.
You can do this immediately right after the buying order is completed just by clicking "Transfer to Spot Wallet".
This Octopus Network (OCT) internal transfer can be carried out anytime later.
- Click on "Wallet Funds" from the "Wallet" drop-down menu.
- Next press "Transfer" button on the upper right area of the screen.
- In the pop-up window, swap the «From» and «To» options to the following settings:
- From: «Funds»
- To: «Fiat and Spot»
- Select the currency according to your funds in the platform, in this example we’ll use «USDT»
- Type the amount you are transferring to the spot walet and press "Confirm".
All right! Now you have funds available to buy any of the several Octopus Network (OCT) in the Binance platform.
See how easy is to purchase any cryptocurrency from Binance:
- In the upper section, select the "Trading" option.
- Choose "Convert" from the list.
- Input the sum of «USDT» you wish to spend.
- Now indicate the crypto you’re about to buy.
- Choose "Preview conversion".
- Validate the operation and that’s all. You now will have the amount of the chosen crypto in your Spot Wallet.
That’s all! This way you will have funds in the Spot Wallet and you will be able to buy any of the numerous Octopus Network (OCT) that the Binance platform has.
To buy Octopus Network (OCT) from Binance all you have to do is described below:
- In the upper panel, select the "Trading" menu.
- From that list select the "Convert" option.
- Fill in the box the amount of «USDT» you would like to invest.
- Select the crypto you wish to purchase.
- Click on "Preview conversion".
- Validate the transaction and that’s all. You will have the funds of the chosen crypto in your Spot Wallet.
This text surely pictured you a detailed panorama of what Binance is and how you can trade Octopus Network (OCT) on it.
Cryptos have come to stay, and Binance is a secure and friendly place to do business. Begin today!