How to buy PayFlow (PFT) on the Binance platform
Binance is among the most reputed trading platforms in the world.
Therefore, the first thing you must to do if you wish to start operating on it is to learn how to buy PayFlow (PFT).
The object of this article is to teach you about how to trade with PayFlow (PFT) on the Binance PayFlow (PFT) platform.
----
How to register on Binance
Opening a Binance account is the initial step you must accomplish.
Registering the Binance platform is very easy: observe the following instructions.
Proceed to the Binance main page and press on the "Register" button.
Click here to go straight to the Binance platform.
Locate the "Register with a phone or email" button in the main page and click on it.
Apple mobile phones or tablets can be used as well.
For the purpose of this guide, the e-mail address registration technique will be described.
- First, choose the country from the drop down list according to the one you’re living in.
- Now the vital step: password. Create an alphanumeric word difficult enough not to be simply guessed. Never use your name, birth date or things like that. Be well aware that it’s your cash what will be protected by that password
- Mark if you wish to receive news and information directly from Binance to your email address. Accept the "Terms of Service" and click on "Create Account"
Binance will immediately send an activation password (NB: this is NOT your password) that you’ll enter it in the corresponding box, then press "Send"
You’re now a Binance user!.
Now you can enter the Binance platform and observe all the options it offers.
You’ll realize how simple is to start operating with PayFlow (PFT).
Complete the required ID verification to enable all those options.
Warning: No PayFlow (PFT) operation will be allowed if you omit this safety step.
In the next instructions, you’ll be guided on how to do that. Hassle-free.
Learn to complete the verification of your account and start trading
See the following instructions and become a certified user:
On the main page, hover the mouse on the user profile menu and a list will immediately drop down where you will click on "Security"
Another alternative is to move to the top of the screen and press the "Verify" button
Look for the option "Identification" on the left side of the screen.
Country of residence should be selected here.
On this screen you’ll will find 3 verification levels:
- The one you already have.
- The Verified.
- The Verified Plus.
To begin, press "Start now" just below the "Verified" level.
At this point, the user is asked to enter certain personal data:
- Nationality.
- First and Last Name.
- Second name and date of birth.
- Residence address (exact).
- Middle name and date of birth.
- Second name and birth date.
It is time to check your identity using a legal document.
ID card, passport or even a driver’s license are all valid documents to fulfill this formality.
Follow the system requirements to take a selfie.
When you have fulfilled the platform’s requisites, you’ll have to wait a short time while your account is verified.
Now you have to wait until your application has been accepted. Be patient, Binance will let you know via email.
Congrats! Once you’ve received the confirmation you’re officially enabled to operate with PayFlow (PFT). The following guidelines will be helpful.
Buying PayFlow (PFT) on Binance
Beginning your PayFlow (PFT) trading adventure has never been so simple, right?.
Understanding how to convert money into PayFlow (PFT) is not so difficult.
The next step is to support your identity with a legal document.
ID card, passport or even a driver’s license will be enough to fulfill this formality.
Now, you will be asked to take a selfie, according to the platform’s guidance.
Now you’ll have to wait for a short time while an account verification process is performed.
So, be patient, Binance will send you an e-mail when your profile has been approved.
After that, it’s time to acquire PayFlow (PFT), to do so see the guidelines below.
Purchasing PayFlow (PFT) on Binance
Beginning your PayFlow (PFT) trading adventure has never been so easy, right?.
In this section you’ll realize how simple is to make a purchase of PayFlow (PFT).
You may find different options throughout the process
The "Buy cryptos" menu on the Binance homepage should be your reference when making a purchase.
You need to, of course, do that after you’ve signed into your account
Hovering your mouse pointer over this button will display a list of alternatives to make the purchase.
Next, you’ll have to to present a legal document to support your identity.
You can do this by using your ID card, passport, or driver’s license.
Follow the system guidelines to take a selfie.
After completing all those requisites, the Binance system will perform a confirmation process on your account.
Now you have to wait until your request has been approved. Be patient, Binance is going to let you know via e-mail.
Congratulations! Now you’re officially enabled to buy PayFlow (PFT). The following instructions will be helpful.
Buying PayFlow (PFT) on Binance
Now that you have subscribed to the Binance platform and got your account approved, you can start trading.
In this section you’ll see how easy is to make a purchase of PayFlow (PFT).
Some steps may have optional paths
To find out which alternatives 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 once you are logged in
Hovering your mouse pointer over this button will display a list of alternatives for making your purchase.
Buying PayFlow (PFT) using a credit/debit card
Pick the credit card-related option from the "Buy Cryptos" drop-down menu.
Next, just observe the following guidelines:
Currency preferred and how much you’ll invest must be specified in the next box.
Next, choose the PayFlow (PFT) you are going to get
According the amount of USD you’ve previously indicated, the platform will immediately display the number of PayFlow (PFT) you are going to receive.
Keep on reading for further instructions:
Now you must pick the currency you’d like to use and type how much you want to invest.
Next, pick the PayFlow (PFT) you’re going to purchase
The quantity of PayFlow (PFT) you’ll receive will depend upon the amount of USD you’ve just invested. The Binance platform will immediately display it.
Click "Continue".
Now you must specify your method of payment. To pay with a credit card, pick in the "Visa/Mastercard" box the button "Add card".
Then the platform will prompt you to indicate your CC data.
In this step you must indicate the physical address details of the credit card. After this, select "Add card".
With this, your credit card will be added to the payment methods in your user profile. Click "Continue".
The platform will now show you the synthesis of the order you are about to complete. The amount you will pay with the currency you’ve chosen, and the PayFlow (PFT) you will be credited.
It will also let you know the commission will be charged for the purchase.
In less than 1 minute press "Confirm", after that time the order will expire automatically.
The next step needs to be done on the credit card banking system. There you should make a normal on-line payment using your credit card.
You may take a look at your Binance digital wallet (referred to as the «Spot Wallet») when the banking procedure is complete to find your recently purchased PayFlow (PFT) already credited
Know how to purchase PayFlow (PFT) via Binance P2P
You can get PayFlow (PFT) not only by means of a direct purchase, but exchanging them «Person To Person»
with another Binance subscriber too. Payment method is the first parameter you should add.
The platform will now show you the details of the buying order you are generating. The amount you are paying with the currency you have selected, and the PayFlow (PFT) you will receive.
Certainly, Binance will take a certain percentage as a commission for making the operation, and that will appear in that quick view also.
At this point you have 60 seconds to click on "Confirm", otherwise the order will automatically expire.
After this, you’ll be redirected to the banking platform the credit card has been issued by. There you would make a normal online payment with your credit card.
Your recently purchased PayFlow (PFT) will be deposited to your Binance e-wallet (called the «Spot Wallet») as soon as the banking procedure has been completed
Learn how to purchase PayFlow (PFT) via Binance P2P
Another option you have to buy crypto is to exchange it
with another subscriber. To get this done, the first step is to add which payment method you would want to work with.
- Go to your profile and press "Security".
- Locate the "Payment" option in the menu you’ll see from the menu on the left and choose it.
- Select "Add a Payment Method" and the system will guide you through the rest of the process.
Once the new payment method has been configured in your profile, look for the "Buy Crypto" menu in the top part of the display, press on the "Trading P2P" button and follow the steps described below:
- Click the "Buy" option found on the upper bar of the "P2P Account" tab
- This bar shows all the PayFlow (PFT) available for buying through P2P operations. Choose the one you would like to buy, here we present «USDT» as an example.Any PayFlow (PFT) bought through P2P trading is allowed to be exchanged by any of the foreign currencies approved by Binance.
- Now you should choose the local currency you want to use, for instance, «VES». To do this, place the list under the "Fiat" column.
- You need to enter the sum in VES you’re going to invest in the "Amount" box.
- Once you’ve indicated the payment method, the system will display a list of traders’ offers.
- From the list displayed list, you may pick any of the traders. However, it is advisable to choose one with the «Verified» mark and better if a good percentage of completed sales is displayed.
- Select "Buy USDT"
- Type the amount in VES you wish to invest
- Again, press "Buy USDT"
- Now an order has been created and you’ll be able to contact the seller. Pay, press "Transferred, Next" and then press "Confirm". Note that there’s a time limit for you to pay.
Ways to transfer your PayFlow (PFT) to the Spot Wallet
Once you have made a payment to the seller, they will release the PayFlow (PFT), by confirming receipt of the payment.
You may verify your wallet account balance to confirm reception.
Nonetheless, you need to move them to your Spot Wallet in order for you to get any other cryptocurrency.
That’s quite simple: just click on "Transfer to Spot Wallet" right after the buying order is completed.
In the event you didn’t do this, don’t get worried, you can move the cryptos at any other moment.
Learn how to transfer your PayFlow (PFT) to the Spot Wallet
Once you have completed a payment to the seller, they will release the PayFlow (PFT), by confirming invoice of the payment.
The place where PayFlow (PFT) are deposited is your account wallet.
Take into account that your PayFlow (PFT) must be in your Spot Wallet in order for you to buy others, so you will need to send them there before.
You can do this immediately once the buying order has been completed just by clicking "Transfer to Spot Wallet".
If you forget to do this right after the purchase, there’s nothing to worry about: you’ll be able to do it later.
- Click on "Wallet Funds" from the "Wallet" drop-down menu.
- Now press "Transfer" button on the upper right area of the screen.
- A new window will pop-up, where you must set the options to:
- From: «Funds»
- To: «Fiat and Spot»
- For The purpose of this article, we use «USDT» as an example, but you’ll obviously select the currency you have
- Input the cryptos you are sending for the Exchange and press "Confirm".
Perfect! Now you have funds available to buy any of the huge selection of PayFlow (PFT) in the Binance platform.
To buy PayFlow (PFT) from the Binance platform all you have to do is the following:
- In the top section, find the "Trading" menu.
- Press "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to invest.
- Now indicate the crypto you’re interested in.
- Press "Preview conversion".
- Validate the operation and that’s all. Now you will have the amount of the selected cryptocurrency in your Spot Wallet.
Perfect! Now you have money available to trade any of the numerous PayFlow (PFT) in the Binance platform.
To buy PayFlow (PFT) from the Binance platform all you have to do is described below:
- In the top section, find the "Trading" option.
- From that list select the "Convert" option.
- Fill in the box the amount of «USDT» you wish to invest.
- Select the crypto you would like to get.
- Select "Preview conversion".
- Confirm the operation and that’s it. Now you will have the amount of the chosen crypto in your Spot Wallet.
This text surely pictured you a detailed vision of what Binance is and how you can do business with PayFlow (PFT) on it.
Don’t wait any further and begin generating an extra income.