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Binance is one of the most innovative trading platforms in the world.
So, if you’ would like to begin trading on it, the first thing you should do is to figure out how to purchase Open Trading Network (OTN).
This post is intended to teach you about how to trade with Open Trading Network (OTN) on the Binance Open Trading Network (OTN) exchange.
Registering on the Binance platform is the initial step you have to accomplish.
Simply follow each of the instructions listed below.
On the Binance homepage you have to locate the "Register" button and press it.
Go directly to Binance by clicking here.
Once on the Binance platform click on the "Register with a phone or email" button.
Apple tablets or smartphones can be used as well.
In this post, we’ll will describe how to do this with an e-mail.
You should have received an e-mail sent to the address you’ve just used to create your Binance account. In its text you’ll find a one-time-only activation password you will enter in that page. Then press "Send"
Finally, your Binance subscription is active.
It would be a nice idea to visit the different areas of the Binance platform and become familiar with them.
This way you mayyou will be able to start operating with Open Trading Network (OTN) quickly.
To gain access to these options, you must fulfill the identity checking.
Important: No Open Trading Network (OTN) trading will be allowed if you overlook this protection measure.
In the following section, you’ll be guided about how to do it. Hassle-free.
To become a certified end user you must follow the next steps:
From the user profile menu, click on "Security"
Another alternative is to go to the upper part of the screen and click on the "Verify" button
Go to "Identification" on the left list of options.
Country of residence should be chosen here.
It will display you 3 levels of verification: the current one, the Verified, and the Verified Plus.
At this moment, you must choose "Verified", clicking on the "Start now" button under it.
A new window will pop-up, and there you will have to enter your personal information: Nationality, first name and last name, middle name and date of birth. Also, make sure you provide the exact address of your residence
The next step is to sustain your identity with a legal document.
You can do this by using your ID card, passport, or license.
Now the platform will ask you to take a selfie under certain conditions.
The last step is on Binance’s side: a verification process that will just take a while.
Now you have to wait until your profile has been accepted. Be patient, Binance will send you an e-mail.
Congrats! Once you’ve got the confirmation you’re officially licensed to buy Open Trading Network (OTN). The following instructions will be helpful.
Take a time to discover how to buy a Open Trading Network (OTN).
The next step is to verify your identity with a legal document.
You can do this by using your ID card, passport, or driver’s license.
Follow the system instructions to take a selfie.
Once those requisites have been completed, the Binance system will execute a confirmation process on your account.
All you have to do is be patient, Binance will let you know via email once your application has been approved.
Upon receiving that email it’s time to purchase Open Trading Network (OTN), to do so see the guidelines below.
The first thing is to know how to make a purchase of Open Trading Network (OTN).
You will probably find more than one option throughout the process
To know which alternatives you have when buying, look for the "Buy cryptos" menu on the Binance homepage.
Obviously, you’ll only be able to do this if you’re logged in
Unveil all the different buying options just by hovering your mouse over this button.
Now you’ll have to to present a legal document to sustain your identity.
You can do this by using your ID card, passport, or license.
Follow the system guidelines to take a selfie.
The final step will be made by the Binance platform: a corroboration process that will take only a short time.
Now you have to wait until your application has been approved. Be patient, the system is going to send you an email.
Upon receiving that e-mail it’s time to buy Open Trading Network (OTN), to do so follow the instructions below.
First you need to discover how to convert money into Open Trading Network (OTN).
Take into account that you may find different options for this process
To know which options are available to you when making a purchase, look for the "Buy cryptos" menu on the Binance homepage.
Certainly, you’ll only be able to do this if you’re logged in
Hovering your mouse pointer over this button will show a list of alternatives to make the purchase.
Select the credit card-related option from the drop-down list labeled "Buy Cryptos".
After that, just follow the following instructions:
Currency to be used and how much you’ll invest should be defined here.
Next, select the Open Trading Network (OTN) you’re going to get
The number of Open Trading Network (OTN) you are going to receive will depend upon the amount of USD you’ve just stated. The Binance platform will immediately display it.
The following directions will be helpful to continue the process:
In the next box, pick the currency you wish to buy with and type the amount you want to invest.
In the next field you should pick the Open Trading Network (OTN) you wish to get
The number of Open Trading Network (OTN) you’ll be given will depend upon the amount of USD you have just specified. The Binance platform will automatically display it.
Click "Continue".
To include your CC as a payment method, choose in the "Visa/Mastercard" box the button "Add card".
Then the system will prompt you to type your CC details.
In this step you must enter the physical address details for the credit card. Following this, select "Add card".
With this step, your credit card will be added to the valid methods of payment in your account. Press "Continue".
Next, all the important details of the transaction will be displayed: the sum you will pay and the corresponding currency, and of course, the cryptos you are going to get.
In fact, Binance will take a small amount as a commission for making the operation, and that will appear in that summary also.
In less than 1 minute click on "Confirm", there after the order will be automatically terminated.
The next step has to be done on the credit card bank system. Proceed exactly as you do when making a standard online credit card payment.
You can check your Binance e-wallet (called the «Spot Wallet») after the banking process has been finished to see your recently purchased Open Trading Network (OTN) already credited
Next, all the relevant details of the transaction will be presented: the amount to be charged on your credit card and the corresponding currency, and obviously, the cryptos you will get.
It will also let you know the commission will be charged for the transaction.
Now you must accept the order clicking on the "Confirm" button within the next minute, or it will be automatically canceled.
The next step must be done on the credit card bank system. Follow the guidelines in the same way you would generate a payment with your card.
Your recently bought Open Trading Network (OTN) will be available in your Binance e-wallet (called the «Spot Wallet») when the banking procedure has been completed
Once you finished configuring the new payment method to your profile, move to the "Buy Crypto" menu (top part of the screen), pick the "Trading P2P" button, and follow the guidance below:
Cryptocurrencies will be released by the trader as soon as payment reception acknowledge has been done.
So, they will automatically be deposited into your wallet.
Nonetheless, you must send them to your Spot Wallet in order for you to buy any other cryptocurrency.
You can move them immediately once the buying order is completed just by clicking "Transfer to Spot Wallet".
Should 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.
Once you have made a payment to the seller, they will release the Open Trading Network (OTN), by confirming receipt of the payment.
You may see your wallet Binance balance to confirm reception.
Take into account that your Open Trading Network (OTN) must be in your Spot Wallet in order for you to purchase others, so you must move them there before.
To do this, all you have to do is click on "Transfer to Spot Wallet" right after the buying order has been completed.
In case you didn’t follow this step, don’t get worried, you can do it later.
Perfect! Now you have funds available to purchase any of the huge selection of Open Trading Network (OTN) in the Binance platform.
Buy any cryptocurrency from Binance just following the steps detailed below:
Perfect! Now you have money available to trade any of the numerous Open Trading Network (OTN) in the Binance platform.
Buy any crypto from Binance just following the steps detailed below:
This text surely pictured you a wide panorama of what Binance is and how you can trade Open Trading Network (OTN) on it.
So, no time to waste, make a worthwhile business in the Binance platform.
If you are planning to make money through cryptocurrencies, you would have to figure out how to operate the Kucoin platform. This form oftrade is providing strong benefits for all its users, and it is making more and more progress in all its operations.
If you would like to learn very easily how to purchase a Open Trading Network (OTN) in Kucoin, you need to keep on reading this post.
Once you have registered to Kucoin and complied the security requirements, you should deposit your currency. This method is fairly simple, good news is that you have several ways to do that.
One of them should be to enter to the «Balance» or «Assets» section at the top right in the navigator screen and look for the «Deposit» hyperlink. Next, pick the Open Trading Network (OTN) you wish to deposit into your account to buy new cryptos, for instance, USDT.
After that, you should select the network you will use for the operation. We all suggest Tron (TRC20) because it gets the lowest commissions.
Next is the the address you should put in the "Exchange" where you have the USDT you want to convert to Kucoin. Once you have already done this, you’ll get the funds in the main account immediately.
If that is not working in your country, you should try moving funds to your account through P2P trading. This kind of purchase implies that you make a traditional bank transfer to any of the listed traders to receive any of the official cryptos.
Once you obtained the funds in your account, it’s the perfect time to learn how to navigate through the Kucoin website.
Purchasing a Open Trading Network (OTN) on Kucoin you have to move the money you’ve just purchased to the trading accounts. To get this done you need to navigate to the "Balance" menu, click on the main account, enter your cryptocurrencies and after that choose «Transfer». This last option can be located on the same line as the currency you are going to use to complete the purchase.
If this doesn’t work in the country you’re living, you can try moving funds to your account through P2P trading. This kind of transaction signifies that you make a bank transfer to any of the documented traders to obtain any of the genuine cryptos.
When you get the funds in your account, it’s time for you to learn how to interact with the Kucoin website.
Purchasing a Open Trading Network (OTN) on Kucoin you need to send the money you’ve just purchased to the trading account. To achieve this you must click on the «Balance» menu, click on the main account, enter your cryptocurrencies and choose «Transfer». This last button can be situated on the same line than the currency you are about to use for the purchase.
Next, you will be directed to a window for choosing where you are going to send the funds. You need to take from the «Main Account» to the "Trading Account", and indicate the currency and the amount you want to send to operate. Then visit «Confirm».
Once you got the funds already credited within your account, you can buy your crypto and begin trading.
Here we will describe how to buy Open Trading Network (OTN) in different methods. To start, you need to open the «Trade» menu and select "Spot trading" (Spot Market). After that type the word Open Trading Network (OTN) in the search box in the top corner of the site.
The platform will reveal the crypto pairs you are able to trade with.
In other words, you‘ll only be capable of purchase Open Trading Network (OTN) just with the crypto pairs displayed there.
With this case, you’re able do it with «USDT», «USDC», «KCS», and «BTC».
We choose ADA/USDT as we have funds in this two. When we do that, it immediately loads the crypto information and the order book containing the buy and sell tradings.
In order to be able to do the transaction, you ought to enter the corresponding code.
At the bottom-right, the platform shows the user the markets to trade crypto, immediately enabling the «Spot». There we now have 3 ways to buy Open Trading Network (OTN). Next we’ll describe those options:
You can also configure the order activation but process it at the optimum market price. You do this by selecting «Stop Market», and indicating in «Stop Price» the amount you desire the Open Trading Network (OTN) to achieve to activate the order and the amount of USDT to spend. By hitting Buy Open Trading Network (OTN), your purchase will be executed at the market rate once it is the same as the stop price you have previously determined.
With just one of these three options, you’ve already got the Open Trading Network (OTN) tokens you’ve just bought available in your trading account. From this moment you are able to trade with that or you may want to get any other cryptos. Bear in mind that with Open Trading Network (OTN) you’ll only be capable to get the cryptos available in their pairs. Often you will have to trade your Open Trading Network (OTN) for a crypto that is typically available in the Open Trading Network (OTN) pairs, such as BTC, USDT, and BNB, after which you can buy the one that you really want.
You can now start trading a Open Trading Network (OTN) via Kucoin.
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