Learn how to buy PayCoin (XPY) on the Binance platform
Undoubtedly one of the world’s leading trading platforms today is Binance.
But if you need to start trading on it, the first thing you must do is to discover ways to get PayCoin (XPY).
The goal of this post is to teach you about how to purchase PayCoin (XPY) on the Binance PayCoin (XPY) exchange.
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Discover how to register on Binance
Opening a Binance account is the initial step you must complete.
No complicated registration: just follow the instructions listed below.
See a Binance homepage and press on the "Register" option.
You have the direct access here.
Look for the "Register with a phone or email" button in the homepage and press it.
You can also do this using your Apple device.
Here you’ll will see the subscription technique using an email address.
- First, select the country from the drop down list according to your place of residence.
- Now the vital step: password. Define a string of characters strange enough not to be easily deducted. Never use your name, birth date or things like that. Be well aware that it’s your property what will have to be protected by that word
- Whether you wish to be informed periodically via email about Binance news, check in the corresponding option. Then you must accept the "Terms of Service" and that’s almost all. Your account has been created Now it just needs to be verified via email
By now, you should have received an e-mail in the address you’ve just used to create your Binance account. 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 subscribed to Binance.
Take a time to become familiar with the different areas of the Binance platform by visiting them.
That’s the best way to realize how practical the Binance platform is, and how fast you can start trading PayCoin (XPY).
The ID verification is a required step you must complete to get access to all those options.
It is very important to notice that until you fulfill this protection measure, youwon’t be authorized to start trading PayCoin (XPY).
No big deal, though. See the following section to fulfill that step.
Verify your account to start out trading
The following are the steps to verify your Binance subscription and get the permission to start operating:
From the user profile menu, choose "Security"
You can also click the "Verify" button on the upper part of the screen
Locate the option "Identification" on the left part of the screen.
Here you must pick your country of residence.
It will display you 3 verification levels: the one you already have, the Verified, and the Verified Plus.
Press the "Start now" button under the "Verified" label, for this will be your beginning level.
At this point, you must enter certain personal data:
- Nationality.
- First and Last Name.
- Second name and date of birth.
- Exact address of your residence.
- Second name and birth date.
- Second name and birth date.
It is time to support your identity with a legal document.
You can do this by using your passport, ID card, or license.
Follow the system instructions to take a selfie.
The last step will be carried out by the Binance platform: a verification process that will take only a short time.
As soon as your profile has been accepted, Binance will let you know via e-mail, just be patient.
Congratulations! Once you’ve received the confirmation you’re officially authorized to trade PayCoin (XPY). The following instructions will be helpful.
How to buy PayCoin (XPY) on Binance
OK, account confirmed was all you needed to begin purchasing PayCoin (XPY) right now.
Learning how to invest your money in PayCoin (XPY) is not so difficult.
Now you’ll need to present a legal document to support your identity.
passport, ID card or even a license will be enough to complete this condition.
Now, you will have to take a selfie, following the platform’s guidelines.
When you have fulfilled the platform’s requisites, you will have to wait a short time while your account is verified.
So, be patient, Binance is going to send you an email as soon as your application has been accepted.
The following instructions will guide you through the PayCoin (XPY) buying process. As soon as you’ve received the confirmation e-mail, you have become a Binance authorized PayCoin (XPY) trader.
Purchasing PayCoin (XPY) on Binance
Now that you are registered on the platform and got your account verified, you’re OK to begin trading.
In this section you’ll learn how simple is to make a purchase of PayCoin (XPY).
Be aware that you could have different alternatives for this 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
Find all the different purchase options just by placing your mouse over this button.
Here, the Binance platform will require you to use a legal document for identity checking.
passport, ID card or even a driver’s license are all valid documents to complete this requirement.
Now, you will be asked to take a selfie, according to the application’s guidelines.
Once you have fulfilled the platform’s requirements, you will have to wait a moment while your account is verified.
Now be patient, Binance will send you an email as soon as your application has been accepted.
Congrats! Now you’re officially enabled to buy PayCoin (XPY). See the guidelines that follow.
Purchasing PayCoin (XPY) on Binance
All right, account validated was all you needed to begin buying PayCoin (XPY) immediately.
Learning how to make a purchase of PayCoin (XPY) is not so difficult.
Be aware that you have more than one option for this process
Look for the "Buy cryptos" menu on the Binance homepage to find out which options you have when making a purchase.
Needless to say you must login to your account to do this
Unveil all the different purchase options just by placing your mouse over this button.
Did you know you can use your debit or credit card for buying cryptocurrencies?
Go to the "Buy Cryptos" and pick the credit card-related option from the menu.
After that, just observe the following directions:
Now you must select the currency you want to use and specify the amount you want to invest.
The the PayCoin (XPY) you’d like to purchase should be indicated in the second field
Once you do so, the system will immediately display the number of PayCoin (XPY) you will receive, taking into account the amount of USD you have previously indicated.
Continue reading for further directions:
In the next box, select the currency you want to buy with and indicate how much you are going to invest.
The the PayCoin (XPY) you intend to get should be selected from the second field
The quantity of PayCoin (XPY) you are going to be given will depend upon the amount of USD you have recently indicated. The Binance platform will automatically show it to you.
Next click "Continue".
Now it’s time to define your method of payment. To pay with a credit card, choose in the "Visa/Mastercard" field the button "Add card".
Indicate your CC numbers and press "Next".
Your credit card’s address should be indicated next. Be very careful, since you’ll need to type it exactly as it is, otherwise your card might not be accepted. Then choose "Add card".
Click "Continue" after you see your card has been successfully included in your user profile as a new payment method.
Next, all the relevant details of the transaction will be presented: the amount you are paying and the corresponding currency, and obviously, the cryptos you will receive.
It will also let you know the commission will be charged for the purchase.
In less than 1 minute click on "Confirm", after that time the order will expire automatically.
Next, you will be sent to the bank platform the credit card belongs to. Then you will complete a standard on-line payment with your credit card.
You can take a look at your Binance digital wallet (called the «Spot Wallet») as soon as the banking process is complete and you’ll find your recently bought PayCoin (XPY) already there
Learn how to purchase PayCoin (XPY) through Binance P2P
That means «Person To Person», i.e.: exchanging PayCoin (XPY)
with another Binance subscriber. To achieve this, the first step is to specify the payment method you would want to make use of.
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 of course, the cryptos you will get.
In fact, Binance will charge you a certain percentage as a commission for making the operation, and it will appear in that quick view also.
At this point you have 60 seconds to press "Confirm", otherwise the order will automatically expire.
The following step needs to be carried out on the credit card banking system. Then you should make a normal on-line payment with your credit card.
You can take a look at your Binance digital wallet (called the «Spot Wallet») once the banking process has been finished and you’ll find your recently bought PayCoin (XPY) already there
See how easy is how to buy PayCoin (XPY) via Binance P2P
You can buy PayCoin (XPY) not only by means of a direct purchase, but trading them «Person To Person»
with another Binance subscriber as well. You should define which payment method you wish to apply first.
- Go to the "Security" section of your profile.
- Select "Payment" from the menu on the left.
- Select "Add a Payment Method" and the system will guide you through the rest of the process.
After the new method of payment has been included in your account, look for the "Buy Crypto" menu on the upper bar of the navigator, press on the "Trading P2P" button and follow the directions described below:
- Click on the "Buy" button located on the top bar of the "P2P Account" menu
- In this bar you will see the list of PayCoin (XPY) available for purchase via P2P operations. Select the one you would like to buy, in our case we use «USDT» as an example.Note that any PayCoin (XPY) bought in P2P trading is allowed to be exchanged by any of the currencies available on Binance.
- Select the local currency you want to pay with from the drop-down list under the "Fiat" label, for example, «VES».
- Use the "Amount" box to enter the amount in VES you’re going to spend to buy PayCoin (XPY).
- You will be able to see a register of dealers’ offers a little while after you’ve chosen the method of payment.
- From the list list shown, you may choose any of the traders. Although it is recommendable to choose one with the «Verified» mark and better if a high percentage of completed sales is displayed.
- Press "Buy USDT"
- Type the amount in VES you would like to pay
- Again, click on "Buy USDT"
- Now an order has been generated and you’ll be able to contact the seller. Complete the payment, click on "Transferred, Next" and then press "Confirm". Be aware that there’s a time limit for you to pay.
How you can transfer your PayCoin (XPY) to the Spot Wallet
The seller, upon confirming money reception, will immediately release the PayCoin (XPY).
This way, they will immediately be deposited into your wallet.
But in order for you to get any other PayCoin (XPY), you must move them to your Spot Wallet.
That’s quite simple: just click on "Transfer to Spot Wallet" immediately after the buying order has been completed.
In the event you didn’t follow this step, don’t worry, you can move the cryptos at any other time.
How to transfer your PayCoin (XPY) to the Spot Wallet
When you have completed a payment to the trader, they will release the PayCoin (XPY), by confirming invoice of the payment.
You may see your wallet Binance balance to confirm reception.
But in case you would want to buy another PayCoin (XPY), you will need to send them to your Spot Wallet.
That’s quite simple: just press "Transfer to Spot Wallet" once the purchase order is completed.
This PayCoin (XPY) internal movement can be done whenever you need.
- Press "Wallet Funds" from the "Wallet" drop-down list.
- See the "Transfer" button on the upper right area of the screen and click on it.
- A pop-up window will open, where you should change the options to:
- 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 for the Exchange and press "Confirm".
Perfect! Now you have funds available to trade any of the huge selection of PayCoin (XPY) in the Binance platform.
To purchase PayCoin (XPY) from Binance all you have to do is described below:
- Select the "Trading" option in the top panel.
- Pick "Convert" from the list.
- Fill in the box the amount of «USDT» you would like to spend.
- Select the crypto you intend to get.
- Click on "Preview conversion".
- Validate the operation and that’s all. You will have the funds of the chosen cryptocurrency in your Spot Wallet.
All right! Now you have funds available to trade any of the several PayCoin (XPY) in the Binance platform.
To purchase PayCoin (XPY) from the Binance platform what you just have to do is described below:
- In the top section, select the "Trading" menu.
- From the listing select the "Convert" alternative.
- Fill in the box the amount of «USDT» you would like to invest.
- Now select the cryptocurrency you’re interested in.
- Click on "Preview conversion".
- Validate the operation and that’s it. You will have the amount of the selected crypto in your Spot Wallet.
Based on the above mentioned information, you are now ready to begin trading on the Binance platform.
Cryptos have come to stay, and Binance is a secure and friendly platform to do business. Start right now!