Buying Parex (PRX) on the Binance platform
Binance is one of the most innovative trading platforms in the world.
Therefore, the first thing you should to do if you’ would like to get started trading on it is to learn how to buy Parex (PRX).
Before stepping into the wonderful realm of cryptocurrency on the Binance platform, you should get acquainted with the following.
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Discover ways to register on Binance
The only way to begin trading on Binance is registering to it.
Registering onto the Binance platform is easy: check the following guidelines.
On the Binance main page you have to locate the "Register" option and press it.
Click here to go straight to the Binance platform.
In the Binance homepage you’ll see a button named "Register with a phone or email". Press it.
The Binance platform is totally compatible with Apple mobile devices as well.
For the purpose of this post, the e-mail address registration process will be described.
- First, pick the country from the drop-down list according to the one you’re living in.
- The next step is picking a secure password. This is crucial since it’s all about your money’s safety, so you need to invent a strong one
- Whether you want to be informed periodically via e-mail about Binance news, mark in the corresponding box. Next, you must accept the "Terms of Service" and that’s almost all. Your account has been created Next step is the email verification
Binance will immediately send an activation password (remember: this is NOT the password you’ve created) that you’ll enter it in the corresponding line, then press "Send"
You’re now a Binance subscriber!.
Take a time to become familiar with the different options of the Binance platform by browsing them.
You’ll realize how simple is to begin trading Parex (PRX).
Complete the required ID checking to enable all these options.
Please, be well aware that it will be only after you have fulfilled this security step that you’ll be authorized to begin operating with Parex (PRX).
In the next instructions, you’ll be guided about how to do that. Hassle-free.
How to complete the verification of your account and start trading
These are the steps to verify your Binance subscription and get the permission to start trading:
From the user profile menu, select "Security"
Another alternative is to go to the upper part of the screen and press the "Verify" button
In the list displayed on the left-hand side of the navigator window, pick the "Identification" option.
Here you’ll need to pick your country of residence.
Next, the three levels of verification:
- The current one.
- The Verified.
- The Verified Plus.
will be displayed on your navigator window.
To begin, you must choose "Verified", pressing the "Start now" button under that label.
In this step, the subscriber is asked to provide certain personal data:
- Nationality.
- First and Last Name.
- Second name and date of birth.
- Exact address of your residence.
- Middle name and date of birth.
- Second name and date of birth.
Now you’ll need to provide a legal document to verify your identity.
You can do this by using your ID card, passport, or license.
Follow the system instructions to take a selfie.
The final step will be made by the Binance platform: a certification process that will take only a short time.
All you need to do is wait patiently, Binance will send you an email once your application has been accepted.
After that, it’s time to buy Parex (PRX), just see the instructions below.
Learn to purchase Parex (PRX) on Binance
Since you are subscribed to the platform and have your account validated, you are OK to begin trading.
Take a time to discover how to make a purchase of Parex (PRX).
Next, you’ll need to show a legal document to verify your identity.
Use your ID card, passport or even your license to complete this step.
Follow the system requirements to take a selfie.
Now you’ll have to wait for a short time while an account confirmation process takes place.
Now you have to wait until your request has been approved. Be patient, the system will send you an email.
After that, it’s time to purchase Parex (PRX), to do so see the instructions below.
Buying Parex (PRX) on Binance
All right, account verified means you can begin buying Parex (PRX) right now.
Take a time to discover how to make a purchase of Parex (PRX).
You will probably find more than one option throughout the process
The "Buy cryptos" menu on the Binance main page should be your reference when making a purchase.
Needless to say you must be logged into your account to do this
Move your mouse on this key and a list of buying alternatives will deploy.
It is time to sustain your identity with a legal document.
passport, ID card or even a driver’s license are all valid documents to complete this requirement.
Follow the system guidance to take a selfie.
The last step is on Binance’s side: a confirmation process that will just take a while.
Now you have to wait until your application has been accepted. Be patient, Binance is going to let you know via email.
After that, it’s time to buy Parex (PRX), just see the instructions below.
Purchasing Parex (PRX) on Binance
All right, account approved was all you needed to begin buying Parex (PRX) immediately.
In this segment you’ll learn how easy is to make a purchase of Parex (PRX).
Take into account that you may have more than one option for this process
To find out which options you have when making a purchase, look for the "Buy cryptos" menu on the Binance homepage.
Obviously, you’ll only be able to do this if you’re logged in
Placing your mouse pointer over this button will display a list of alternatives to make the purchase.
Buying Parex (PRX) with a credit/debit card
Choose the credit card-related option from the drop-down list labeled "Buy Cryptos".
These instructions will be helpful to continue the process:
Now you must pick the currency you’d like to buy with and type how much you are going to invest.
The the Parex (PRX) you’d like to purchase should be indicated in the second field
The quantity of Parex (PRX) you are going to be given will depend upon the amount of USD you have previously stated. The Binance system will automatically display it.
After that, just follow the following instructions:
Now you should choose the currency you’d like to buy with and type the amount you want to invest.
The the Parex (PRX) you intend to get must be indicated in the second field
The quantity of Parex (PRX) you are going to be given will depend upon the amount of USD you have recently specified. The Binance system will automatically display it.
Press "Continue".
In case you decided to pay with a credit card, go to the "Visa/Mastercard" box and press the "Add card" button.
Type your CC details and click "Next".
Your credit card’s associated address should be indicated next. Try not to mistype a single character, since you must type it exactly as it is, otherwise your card could not be accepted. Then press "Add card".
Now that your new card has been added, click on "Continue".
The system will now show you the synthesis of the buying order you are about to complete. The sum your card will be charged in the currency you’ve chosen, and the Parex (PRX) you will be given.
In fact, Binance will charge you a certain percentage as a commission for making the transaction, and it will appear in that quick view as well.
You have 60 seconds to press "Confirm", otherwise the order will automatically expire.
The platform will now send you to the bank issuing the credit card. Follow the steps in the same way you would pay with your credit card.
Your recently bought Parex (PRX) will be credited to your Binance digital wallet (called the «Spot Wallet») after the banking process has been done
See how easy is how to purchase Parex (PRX) through Binance P2P
You can buy Parex (PRX) not only via a direct purchase, but exchanging them «Person To Person»
with another Binance subscriber too. In that case, you should add the payment method you would want to make use of first.
Next, all the relevant details of the operation will be presented: the sum to be charged on your credit card and the corresponding currency, and of course, the cryptos you are going to get.
Another detail of relevance in this overview is the sum you’ll be charged as a commision for making the operation.
Now you have to validate the order pressing the "Confirm" button within the following minute, or it will be automatically canceled.
After this, you will be redirected towards the site of the credit card issuing bank. There you would complete a normal on-line payment using your credit card.
You can take a look at your Binance e-wallet (called the «Spot Wallet») when the banking procedure is complete to see your recently bought Parex (PRX) already credited
Purchase Parex (PRX) via Binance P2P
You may get Parex (PRX) not only by means of a direct purchase, but exchanging them «Person To Person»
with another Binance trader as well. To get this done, the first step is to state which payment method you want to use.
- Click on "Security" in your profile.
- Locate the "Payment" option in the menu you’ll see from the menu on the left and select it.
- Choose "Add a Payment Method" and the platform will guide you through the rest of the process.
When the new method of payment has been included in your account, locate the "Buy Crypto" menu on the top part of the display, click the "Trading P2P" option and follow the guidelines described below:
- Look for the "Buy" button on the upper bar of the "P2P Account" menu and press it
- Here you can select the Parex (PRX) you’re interested in, among all those available for purchase through P2P operations. We will use «USDT» for this example.Buying any crypto via P2P trading allows the trader to exchange it on Binance for any of the foreign currencies available.
- Look for the "Fiat" label on the top menu and deploy the drop-down menu to see all available currencies. Let’s use «VES» in this example.
- Use the "Amount" box to enter the sum in VES you’re going to spend to purchase Parex (PRX).
- You will be able to see a list of dealers offering cryptos as soon as you’ve stated the method of payment.
- From the list list shown, you can choose any of the sellers. Although it is advisable to choose a verified one and better if a good percentage of completed sales is displayed.
- Select "Buy USDT"
- Now the amount you would like to invest in VES must be entered
- Press "Buy USDT" again
- Now an order has been created and the seller and you will contact. Pay, press "Transferred, Next", then press "Confirm". Note that there’s a time limit for you to make the payment.
How to transfer your Parex (PRX) to the Spot Wallet
After you have completed a payment to the seller, they may release the Parex (PRX), by confirming payment reception.
So, they will quickly be deposited into your wallet.
But in case you would want to get any other Parex (PRX), you will have to move them to your Spot Wallet.
You can do this immediately once the purchase order has been completed just by clicking "Transfer to Spot Wallet".
This Parex (PRX) internal movement can be done whenever you need.
Tips on how to transfer your Parex (PRX) to the Spot Wallet
When you have made a payment to the trader, they will release the Parex (PRX), just by confirming payment reception.
You may check your wallet account balance to confirm reception.
Take into account that your Parex (PRX) must be in your Spot Wallet in order for you to purchase others, so you must transfer them there before.
You can do this immediately right after the buying order is completed just by clicking "Transfer to Spot Wallet".
This Parex (PRX) internal movement can be carried out whenever you need.
- Drop the "Wallet" menu down and click on the "Wallet Funds" button.
- The "Transfer" button is located on the upper right area of the navigator window. Click on it.
- In the pop-up window, swap the «From» and «To» options so that it looks like this:
- From: "Funds"
- To: "Fiat and Spot"
- For this post, we will use «USDT» as an example, but you’ll obviously select the currency you have
- Enter the amount you are transferring for the Exchange and click "Confirm".
With these money already in your Spot Wallet, nothing keeps you from purchasing any crypto you think could yield the greatest profit.
Find out how easy is to purchase any cryptocurrency from Binance:
- In the upper section, look for the "Trading" option.
- In the listing select the "Convert" option.
- Indicate the amount of «USDT» you want to invest.
- Now indicate the cryptocurrency you’re about to purchase.
- Click on "Preview conversion".
- Confirm the operation and that’s all. You will have the funds of the chosen crypto in your Spot Wallet.
Perfect! Now you have money available to trade any of the several Parex (PRX) in the Binance platform.
To purchase Parex (PRX) from the Binance platform what you just have to do is described below:
- Pick the "Trading" menu in the top upper section.
- Select "Convert" from the list.
- Fill in the box the amount of «USDT» you want to invest.
- Choose the cryptocurrency you intend to get.
- Select "Preview conversion".
- Validate the transaction and that’s it. Now you will have the amount of the selected cryptocurrency in your Spot Wallet.
This post surely pictured you a wide vision of what Binance is and how you can trade Parex (PRX) on it.
Don’t wait any more and start generating some extra money.