Buying OST (OST) on the Binance platform
There are a lot of trading platforms today on the ’net, but clearly Binance is one of the most popular and innovative.
Therefore, the first thing you should to do if you want to get started operating on it is to understand how to get OST (OST).
Before getting into the alluring realm of crypto on the Binance platform, you must get acquainted with the following.
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Understand how to register on Binance
Registering on the Binance platform is the very first step you have to accomplish.
Hassle-free subscription: just follow the guidelines listed below.
Navigate to the Binance homepage and click on the "Register" button.
Here you have the direct access to Binance.
In the Binance homepage you’ll find a button labeled "Register with a phone or email". Click on it.
This can also be done with any Apple device.
In this post, we’ll will show you how to suscribe using an e-mail address.
- From the drop down list of countries, choose the one you reside.
- The next step is picking a safety password. This is vital since it’s all about your money’s safety, so you must to define a really strong one
- Whether you wish to be updated periodically via e-mail about Binance news, mark in the corresponding option. Then you must accept the "Terms of Service" and that’s almost all. You’ve just created your account Now it just needs to be verified via email
You surely have received an e-mail sent to the address you’ve just used for registering on the Binance platform. It will have a one-time-only activation keycode you’ll have to will enter in the corresponding box. Then click on "Send"
And that’s it! You are now signed up with Binance.
You can now enter the Binance platform and review all the options it has to offer.
That’s the best way to realize how practical the Binance platform is, and how fast you can begin operating with OST (OST).
The identity verification is a required step you need to fulfill to have access to all those options.
Please, be well aware that it is only after you have fulfilled this security measure that you’ll obtain permission to begin trading OST (OST).
No big deal, though. Read the following section to fulfill that step.
Verify your Binance account to begin trading
These are the guidelines to verify your Binance account and get the permission to start operating:
Pick "Security" from the drop-down list under the user profile area
Or simply look for the "Verify" button on the top of the screen
In the list displayed on the left-hand part of the screen, press on the "Identification" option.
Pick the Country of Residence.
Now you’ll will immediately see three levels of verification:
- The current one.
- The Verified.
- The Verified Plus.
To begin, select "Start now" just below the "Verified" level.
A pop-up window will be shown, and there you’re going to give your personal information: Nationality, first name and surname, middle name and birth date. Also, make sure you enter the exact address of your residence
It is time to check your identity using a legal document.
Use your passport, ID card or even your driver’s license to complete this step.
Follow the system guidance to take a selfie.
Now you will have to wait for a short time while an account verification process takes place.
So, be patient, Binance is going to let you know via e-mail once your request has been accepted.
Congratulations! As soon as you’ve received the confirmation you’re officially licensed to trade OST (OST). The following guidelines will be helpful.
Buying OST (OST) on Binance
Now that you have registered on the Binance platform and got your account verified, you’re OK to start trading.
In this section you’ll see how simple is to convert cash into OST (OST).
The next step is to support your identity with a legal document.
ID card, passport or even a driver’s license are all valid documents to complete this condition.
Follow the system requirements to take a selfie.
The final step is on Binance’s side: a confirmation process that will just take a while.
All you have to do is wait patiently, Binance will send you an email as soon as your application has been approved.
Congrats! Once you’ve got the confirmation you’re officially authorized to trade OST (OST). See the guidelines that follow.
Buying OST (OST) on Binance
All right, account approved means you can begin purchasing OST (OST) right now.
In this segment you’ll discover how easy is to convert cash into OST (OST).
You may have different options throughout the process
To find out which alternatives you have when buying, see the "Buy cryptos" menu on the Binance homepage.
Certainly, you’ll only be able to do this if you’re logged in
Hover your mouse on this button and a list of buying alternatives will be shown.
It is time to corroborate your identity using a legal document.
You can do this with your passport, ID card, or driver’s license.
Now the platform will require you to take a selfie under certain conditions.
Once those requirements have been fulfilled, the Binance platform will perform a confirmation process on your account.
As soon as your application has been approved, the platform is going to send you an e-mail, just be patient.
Congrats! Once you’ve got the confirmation you’re officially authorized to trade OST (OST). The following instructions will be helpful.
How to purchase OST (OST) on Binance
So, account validated means you can begin buying OST (OST) immediately.
The first step is to learn how to buy a OST (OST).
You will probably find different alternatives throughout the process
The "Buy cryptos" menu on the Binance main page should be your reference at buying time.
Needless to say you must be logged into your account to do this
Move your mouse over this button and a list of buying alternatives will be displayed.
Did you know you could use your debit or credit card for buying cryptocurrencies?
The first thing you will do to buy the OST (OST) you want using a credit card, is to pick this option from the drop-down menu labeled "Buy Cryptos".
Read on for detailed guidelines:
Currency to be used and how much to invest should be specified in the next box.
In the second field you must select the OST (OST) you intend to get
According the amount of USD you have just defined, the system will automatically display the quantity of OST (OST) you are going to get.
Read on for further instructions:
Currency preferred and how much to invest must be defined here.
The the OST (OST) you’d like to purchase should be indicated in the second field
The quantity of OST (OST) you’ll get will depend upon the amount of USD you have recently defined. The Binance system will immediately show it to you.
Click "Continue".
Now you must indicate your method of payment. To pay with a credit card, choose in the "Visa/Mastercard" field the option "Add card".
Card details must be completed in this step, then press "Next".
The credit card’s address must be indicated next. Try not to mistype a single character, since you’ll need to type it exactly as it is, otherwise the card could not be accepted. Then select "Add card".
With this step, your credit card will be added to the payment methods in your user profile. Click "Continue".
The system will now show you the summary of the buying order you are about to complete. The sum you will pay with the currency you’ve selected, and the OST (OST) you will be given.
It will also show you the commission you will have to pay for the transaction.
Now you must validate the order pressing the "Confirm" button within the next minute, or it will be automatically aborted.
The following step has to be done on the credit card bank webpage. Proceed exactly as you do when making a payment with your credit card on the bank website.
You can check your Binance digital wallet (referred to as the «Spot Wallet») once the banking process is complete to see your recently bought OST (OST) already credited
Purchase OST (OST) via Binance P2P
Another option you have to get a cryptocurrency is to exchange it
with another person. In that case, you should add which payment method you wish to work with first.
The system will now display the summary of the buying order you are creating. The amount you will pay in the currency you have picked, and the OST (OST) you will get.
Another detail of relevance in this snapshot is the sum Binance will charge you as a commision for making the transaction.
In less than 1 minute press "Confirm", from then on the order will be automatically terminated.
Next, you’ll be redirected towards the banking platform the credit card belongs to. Proceed exactly as you usually do when making a normal on-line credit card payment.
As soon as the banking procedure is complete, you are already in possession of the purchased OST (OST) in your Binance digital wallet (referred to as the «Spot Wallet»)
Purchase OST (OST) through Binance P2P
You can get OST (OST) not only via a direct purchase, but exchanging them «Person To Person»
with another Binance subscriber too. Payment method is the first setting you will add.
- Go to "Security" in your profile.
- In the list on the left-hand side select "Payment".
- Once the "Add a Payment Method" button is pressed the system will guide you through the rest of the process.
Once the new payment method has been configured in your account, look for the "Buy Crypto" menu in the top bar of the navigator, click the "Trading P2P" button and follow the directions described below:
- On the upper bar of the "P2P Account" menu, pick "Buy"
- All the OST (OST) available for purchase via P2P trading will be shown in this list, so you will be able to select the one you’re interested in. As for this example, we present «USDT».Buying one of these OST (OST) through P2P trading allows the subscriber to exchange it on the Binance platform for any of the currencies available.
- Select the local currency you want to use from the drop-down list under the "Fiat" label, for example, «VES».
- Now you must type the sum in VES you’d like to spend in the "Amount" box.
- Define the method of payment and wait for the platform to show you all the dealers’ ads.
- Any of the sellers displayed in the list can be selected, but it is recommendable to select a verified one (see the blue diamond mark), and even better, a high-volume seller (golden star badge).
- Next press "Buy USDT"
- In this step, the amount you want to pay in VES must be input
- Again, select "Buy USDT"
- That will open an order where you will be in touch with the seller. Pay within the time limit and press "Transferred, Next", then press "Confirm".
The right way to transfer your OST (OST) to the Spot Wallet
Cryptos will be released by the trader as soon as money reception acknowledge has been done.
You may verify your wallet account balance to confirm reception.
Note that you will need to send them to your Spot Wallet in order for you to purchase another crypto.
To get this done, you only need to press "Transfer to Spot Wallet" right after the purchase order has been completed.
This OST (OST) internal transfer can be done anytime later.
Ways to transfer your OST (OST) to the Spot Wallet
Cryptos will be released by the seller as soon as money reception acknowledge has been done.
You may see your wallet account balance to confirm reception.
NB: you must move them to your Spot Wallet in case you would want to get any other crypto.
To accomplish this, all you have to do is click on "Transfer to Spot Wallet" right after the buying order is completed.
If you forget to do this right after the purchase, there’s nothing to worry about: you’ll always be able to do it later.
- Select "Wallet Funds" from the "Wallet" drop-down menu.
- See the "Transfer" option at the top right and click on it.
- A pop-up window will open, where you should change the options 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 transfer to the spot walet and click "Confirm".
Perfect! Now you have money available to purchase any of the several OST (OST) in the Binance platform.
See how easy is to buy any crypto from the Binance platform:
- In the upper panel, loate the "Trading" menu.
- In the listing choose the "Convert" alternative.
- Type the amount of «USDT» you want to invest.
- Now indicate the cryptocurrency you’re interested in.
- Click on "Preview conversion".
- Confirm the operation and that’s it. Now you will have the funds of the chosen cryptocurrency in your Spot Wallet.
That’s it! This way you will have funds in the Spot Wallet so you will be able to trade any of the huge selection of OST (OST) that the Binance platform has.
To purchase OST (OST) from Binance all you have to do is described below:
- In the upper section, select the "Trading" option.
- Choose "Convert" from the list.
- Indicate the amount of «USDT» you want to invest.
- Select the cryptocurrency you wish to purchase.
- Click on "Preview conversion".
- Confirm the operation and that’s all. Now you will have the amount of the selected cryptocurrency in your Spot Wallet.
Based upon the above mentioned information, you are now ready to start out trading on Binance.
Don’t wait any longer and begin generating some extra money.