Buying Otter Finance (OTR) on Binance
There are a lot of trading platforms today on the Internet, but undoubtedly Binance is among the most popular and reputed.
Learning how to buy Otter Finance (OTR) is vital if you need to start out trading on that platform.
For this reason, in this post we will give you all what you need to know to purchase Otter Finance (OTR) on the Binance crypto platform.
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How to register on Binance
There is only way to start trading on Binance: registering to it.
Registering the Binance platform is very easy: check the following instructions.
On the Binance main page you must locate the "Register" button and press it.
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 Apple mobile devices as well.
In this guide, we’ll will describe how to register using an e-mail account.
- In the screen you’ll immediately see, select your country of residence from the drop down list.
- Now the vital part: password. Create a string of characters difficult enough not to be easily guessed. Don’t use your birth date, middle name or things like that. Bear in mind that it’s your money what will have to be protected by that word
- If you would want to be updated 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 Next step is the email verification
By now, you surely have received an email sent to the address you’ve just used for subscribing on the Binance platform. It will have an activation password you’ll need to will enter in the corresponding box. Then press "Send"
And that’s all! You are now and authorized subscriber of Binance.
It is a good idea to visit the different options of the Binance platform and get acquainted to them.
You’ll discover how easy is to begin operating with Otter Finance (OTR).
To gain access to those options, the first thing you need to do is fulfill the ID verification.
Warning: No Otter Finance (OTR) trading will be permitted if you overlook this security measure.
In the following section, you’ll learn how to do that. Hassle-free.
Learn to verify your Binance account and put hands on trading
These are the steps to verify your Binance subscription and get authorized to begin trading:
From the user profile menu, pick "Security"
Another option is to move to the top of the navigator window and press the "Verify" button
Look for the option "Identification" on the left part of the screen.
Pick your Country of Residence.
The platform shows you three levels of verification: the one you already have, the Verified, and the Verified Plus.
Press the "Start now" button under the "Verified" label, since this is the beginning level.
Then a pop-up window will be shown and there you must tytpe the following info:
- Nationality.
- First and Last Name.
- Second name and date of birth.
- Exact address of your residence.
At this point, the Binance platform will require you to provide a legal document for identity checking.
Use your ID card, passport or even your license to complete this step.
Now the system will ask you to take a selfie under certain conditions.
The final step is on Binance’s side: a confirmation process that will just take a while.
Now you must wait until your application has been approved. Be patient, the platform is going to let you know via email.
Upon receiving that e-mail it’s time to get Otter Finance (OTR), to do so see the guidelines below.
Buying Otter Finance (OTR) on Binance
Beginning your Otter Finance (OTR) trading career has never been so easy, right?.
First you need to understand how to buy a Otter Finance (OTR).
At this point, the Binance platform will ask you to provide a legal document for identity verification.
Use your ID card, passport or even your driver’s license to complete this step.
Now the platform will ask you to take a selfie following certain instructions.
After completing all those steps, the Binance system will perform a verification process on your account.
Now you have to wait until your request has been accepted. Be patient, the platform will let you know via e-mail.
The following instructions will guide you through the Otter Finance (OTR) purchasing process. As soon as you’ve received the confirmation e-mail, you are a Binance licensed Otter Finance (OTR) trader.
Purchasing Otter Finance (OTR) on Binance
Beginning your Otter Finance (OTR) trading adventure has never been so simple, right?.
In this section you’ll learn how simple is to make a purchase of Otter Finance (OTR).
Some processes might have optional paths
Browse through the "Buy cryptos" menu on the Binance main page to know which alternatives can be found when buying.
Needless to say you must log into your account to do this
Move your mouse on this button and a list of buying alternatives will be shown.
The next step is to support your identity using a legal document.
Use your ID card, passport or even your license to complete this step.
Now the platform will require you to take a selfie following certain guidelines.
Now you’ll have to wait for a short period while an account verification process is performed.
Now wait patiently, Binance is going to let you know via e-mail when your profile has been accepted.
After that, it’s time to get Otter Finance (OTR), to do so follow the guidelines below.
Buying Otter Finance (OTR) on Binance
Beginning your Otter Finance (OTR) trading adventure has never been so easy, right?.
In this section you’ll discover how simple is to invest your money in Otter Finance (OTR).
Take into account that you have more than one option for this process
See the "Buy cryptos" menu on the Binance homepage to know which alternatives are available to you when making a purchase.
Needless to say you must sign in to your account to be able to do this
Uncover all the different buying options just by placing your mouse over this button.
Buying Otter Finance (OTR) with a credit/debit card
Select the credit card-related option from the drop-down menu labeled "Buy Cryptos".
These guidelines will be helpful to continue the process:
In the next box, choose the currency you’d like to use and enter how much you are going to invest.
In the second field you must pick the Otter Finance (OTR) you wish to purchase
Depending on the amount of USD you have just invested, the system will automatically display the quantity of Otter Finance (OTR) you’ll be given.
These instructions will be helpful to continue the process:
In the next box, select the currency you’d like to buy with and enter the amount you want to invest.
Next, select the Otter Finance (OTR) you are going to buy
Depending on the amount of USD you have just invested, the system will immediately display the quantity of Otter Finance (OTR) you are going to receive.
Press "Continue".
Now it’s time to define your method of payment. To pay with a credit card, choose in the "Visa/Mastercard" field the option "Add card".
Enter your CC data and press "Next".
The following field is intended to write the address the card is associated to. Type it exactly as it is, then select "Add card".
With this step, your card will be added to the payment methods in your account. Press "Continue".
Next, all the important details of the operation will be displayed: the sum you are paying and the corresponding currency, and obviously, the cryptos you will receive.
It will also state the commission will be charged for the operation.
Within the next 60 seconds click on "Confirm", after that time the order will be automatically canceled.
After this, you’ll be sent towards the banking platform the credit card belongs to. Follow the steps in the same way you would make a payment with your credit card.
When the banking procedure has been done, you are already in possession of the recently purchased Otter Finance (OTR) in your Binance digital wallet (referred to as the «Spot Wallet»)
Purchase Otter Finance (OTR) with Binance P2P
You could get Otter Finance (OTR) not only by means of a direct purchase, but exchanging them «Person To Person»
with another Binance subscriber as well. In that case, you should state the payment method you want to make use of first.
Next, you’ll be presented an overview of the transaction about to be completed. It includes the amount your card will be charged, the chosen currency and the quantity of Otter Finance (OTR) purchased.
Indeed, Binance will claim a small amount as a commission for making the purchase, and that will appear in that snapshot as well.
Within the next 60 seconds click on "Confirm", there after the order will expire automatically.
The platform will now reroute you to the credit card issuing bank. Proceed just as you usually do when making a payment using your credit card on the bank website.
You can take a look at your Binance e-wallet (referred to as the «Spot Wallet») as soon as the banking procedure is complete and you’ll see your recently bought Otter Finance (OTR) already credited
Purchase Otter Finance (OTR) via Binance P2P
Another option you may use to purchase a cryptocurrency is to trade it
with another trader. You should add which payment method you would want to make use of first.
- Go to your account and press "Security".
- Locate the "Payment" option in the menu you’ll see from the menu on the left and click on it.
- Press the "Add a Payment Method" button and follow the system directions.
Now that the new payment method has been configured in 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 guidelines:
- Click on the "Buy" option found on the upper bar of the "P2P Account" tab
- Here you can choose the Otter Finance (OTR) you would like to buy, among all those available for purchase via P2P operations. We use «USDT» in this guide.Buying any crypto through P2P trading allows the trader to exchange it on Binance for any of the currencies available.
- Choose the local currency you want to use from the drop-down menu under the "Fiat" column, for instance, «VES».
- In the "Amount" box, indicate the amount in VES you wish to invest.
- You will be able to see a register of traders offering cryptos as soon as you have stated the payment method.
- Any of the sellers displayed in the list can be chosen, but it is advisable to select a verified one (with the blue diamond marking), and better, a high-volume seller (golden star badge).
- Click on "Buy USDT"
- Now the amount you wish to pay in VES must be input
- Again, click on "Buy USDT"
- Now a buying order has been generated and the seller and you will contact. Pay, click on "Transferred, Next", then press "Confirm". Be aware that there’s a limited time for you to make the payment.
Ways to transfer your Otter Finance (OTR) to the Spot Wallet
Cryptocurrencies will be released by the seller as soon as payment reception validation has been done.
You may check your wallet account balance to confirm reception.
NB: you will have to send them to your Spot Wallet in case you would want to buy any other crypto.
That’s easy: just click on "Transfer to Spot Wallet" once the purchase order has been completed.
Should you forget to follow this step right after the purchase, no problem at all: you’ll always be able to do it later.
How you can transfer your Otter Finance (OTR) to the Spot Wallet
Cryptos will be released by the trader as soon as money reception validation has been done.
The default place where Otter Finance (OTR) are deposited is your account wallet.
Take into account that your Otter Finance (OTR) must be in your Spot Wallet in case you would want to get others, so you will have to transfer them there before.
To get this done, all you have to do is click on "Transfer to Spot Wallet" immediately after the purchase order is completed.
This Otter Finance (OTR) internal transfer can be done whenever you need.
- Hover the mouse over "Wallet" and select "Wallet Funds" from the drop-down menu.
- Next press "Transfer" button on the upper right area of the screen.
- Change the «From» and «To» options on the pop-up window to:
- From: "Funds"
- To: "Fiat and Spot"
- For The purpose of this post, we use «USDT» as an example, but you’ll obviously select the currency you have
- Input the cryptos you are sending to the spot walet and press "Confirm".
That’s it! This way you will have funds in the Spot Wallet and you will be able to trade any of the numerous Otter Finance (OTR) within the Binance platform.
Discover how easy is to buy any crypto from the Binance platform:
- Select the "Trading" option in the top upper panel.
- Press "Convert" from the list.
- Fill in the box the amount of «USDT» you would like to invest.
- Now mark the cryptocurrency you’re about to get.
- Click on "Preview conversion".
- Validate the operation and that’s it. Now you will have the amount of the chosen crypto in your Spot Wallet.
Perfect! Now you have money available to purchase any of the several Otter Finance (OTR) in the Binance platform.
See how simple is to buy any cryptocurrency from Binance:
- In the top section, select the "Trading" menu.
- From that listing select the "Convert" alternative.
- Enter the sum of «USDT» you wish to invest.
- Choose the crypto you would like to get.
- Click on "Preview conversion".
- Validate the transaction and that’s it. You now will have the funds of the chosen crypto in your Spot Wallet.
Based upon the above mentioned information, you are now ready to start trading on Binance.
So, no need to think twice, make a fruitful business within this crypto platform.