Buying RefToken (REF) on Binance
Binance is among the top trading platforms in the world.
Understanding how to purchase RefToken (REF) is essential if you need to start operating on that platform.
Prior to entering the alluring world of cryptocurrency on the Binance platform, you need to get acquainted with the following.
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Learn how to register on Binance
There is only way to get started in operating on the Binance platform: registering to it.
Quick and easy registration: just follow the detailed instructions below.
On the Binance homepage you must locate the "Register" option and press it.
You have the direct access here.
In the Binance homepage you’ll see a button with the label "Register with a phone or email". Press it.
You can also do this using your Apple mobile.
Here we’ll will explain the registration technique using an e-mail address.
- In the screen that is shown, choose your country of residence from the drop-down list.
- Now the vital part: password. Select a string of characters rare enough not to be easily guessed. Don’t use your birth date, middle name or things like that. Be well aware that it’s your money what will have to be secured by that word
- Now you must accept "Terms of Service" and, if you would want to receive information, updates and news from Binance in your e-mail address, check in the corresponding box
Check the inbox at the email address you indicate at enrollment and look for the activation code exclusive of your account. Enter it in the corresponding box and click on "Send"
Finally, your Binance subscription has been activated.
It is a good idea to visit the different options of the Binance platform and become familiar with them.
This way you mayyou will be able to begin trading RefToken (REF) quickly.
Fulfill the mandatory identity verification to enable all those options.
It is very important to notice that until you complete this protection measure, youwon’t obtain permission to begin trading RefToken (REF).
No big deal, though. Read the following section to complete that step.
Verify your Binance account to begin trading
See the following instructions and become an authorized user:
On the main screen, hover the mouse on the user profile button and a list will immediately drop down where you will press "Security"
Another alternative is to move to the upper part of the navigator window and press the "Verify" button
Locate the option "Identification" on the left side of the navigator window.
Now you must select your country of residence.
Now, the 3 levels of verification:
- The one you already have.
- The Verified.
- The Verified Plus.
will be shown on your navigator window.
To begin, you should select "Verified", pressing the "Start now" option under that label.
Then it displays a pop-up window in which you must tytpe the following information:
- Nationality.
- First and Last Name.
- Middle name and date of birth.
- Residence address (exact).
Here, the Binance platform will ask you to provide a legal document for identity verification.
Use your ID card, passport or even your license to complete this step.
Now the platform will ask you to take a selfie following certain instructions.
The final step will be made by the Binance system: a corroboration process that will take only a short time.
Now you must wait until your profile has been approved. Be patient, the platform will send you an e-mail.
Upon receiving that e-mail it’s time to acquire RefToken (REF), just see the instructions below.
How to buy RefToken (REF) on Binance
Now that you have registered on the platform and got your account verified, you’re OK to begin trading.
In this section you’ll discover how easy is to convert cash into RefToken (REF).
Here, the Binance platform will require you to present a legal document for identity corroboration.
Use your passport, ID card or even your license to complete this step.
Now the platform will ask you to take a selfie following certain guidelines.
When you have fulfilled the platform’s requirements, you’ll have to wait a moment while your account is verified.
So, be patient, Binance is going to let you know via e-mail once your application has been approved.
The following instructions will guide you through the RefToken (REF) buying process. As soon as you’ve received the confirmation email, you’ve become a Binance authorized RefToken (REF) trader.
Buying RefToken (REF) on Binance
Now that you are registered on the Binance platform and have your account approved, you are able to start trading.
Understanding how to convert cash into RefToken (REF) is actually quite easy.
Some processes may have alternative paths
To know which options are available to you when making a purchase, browse through the "Buy cryptos" menu on the Binance main page.
Certainly, you’ll only be able to do this once you are logged in
Hovering your mouse pointer over this option will display a list of alternatives to make the purchase.
Now you’ll need to use a legal document to sustain your identity.
Use your passport, ID card or even your driver’s license to complete this step.
Now the platform will require you to take a selfie under certain conditions.
The last step will be made by the Binance platform: a certification process that will just take a while.
As soon as your request has been accepted, you will be notified via email, just be patient.
Upon receiving that e-mail it’s time to buy RefToken (REF), just see the guidelines below.
How to purchase RefToken (REF) on Binance
Now that you have subscribed to the platform and have your account confirmed, you’re OK to start trading.
The first thing is to understand how to convert money into RefToken (REF).
Take into account that you have more than one option for this process
The "Buy cryptos" menu on the Binance main page will be your reference at buying time.
Needless to say you must sign in to your account to be able to do this
Move your mouse on this option and a list of buying alternatives will deploy.
Making use of your debit or credit card to purchase cryptocurrencies
What you need to do to purchase the RefToken (REF) you want using a credit card, should be to choose this method from the drop-down list labeled "Buy Cryptos".
These directions will be helpful to continue the process:
Currency preferred and amount of the investment should be indicated in the next box.
In the second field you should choose the RefToken (REF) you’d like to get
When you do so, the platform will immediately show you the quantity of RefToken (REF) you’ll be given, considering the amount of USD you have previously stated.
These guidelines will be helpful to continue the process:
Currency preferred and amount of the investment should be defined here.
The the RefToken (REF) you intend to purchase should be selected from the second field
Considering the amount of USD you’ve recently stated, the platform will automatically show you the quantity of RefToken (REF) you are going to be given.
Next click "Continue".
Now you must define the method of payment you’ll use. To pay with your credit card, choose in the "Visa/Mastercard" field the option "Add card".
Indicate your card data and click "Next".
The credit card’s address should be stated next. Be very careful, since you’ll need to enter it exactly as it is, otherwise the card won’t be accepted. Then press "Add card".
With this, your credit card will be added to the valid methods of payment in your user profile. Press "Continue".
Next, you’ll be presented a summary of the transaction about to be completed. That includes the sum you are paying, the selected currency and the amount of RefToken (REF) bought.
Another important detail in this overview is the sum you’ll be charged as a commision for making the operation.
Now you have to certify the order pressing the "Confirm" button during the following minute, or it will be automatically shut down.
The following step must be carried out on the credit card banking platform. Proceed just as you do when making a standard online credit card payment.
You may check your Binance e-wallet (called the «Spot Wallet») after the banking process is complete and you’ll see your recently bought RefToken (REF) already credited
Know how to buy RefToken (REF) with Binance P2P
A different way to purchase crypto is to trade it
with another user. Payment method is the first setting you must define.
The system will now display the details of the order you are creating. The sum you will pay in the currency you have picked, and the RefToken (REF) you will receive.
Another detail of relevance in this overview is the percentage you’ll be charged as a commision for making the operation.
Now you must validate the order clicking on the "Confirm" button during the following 60 seconds, or it will be automatically canceled.
The next step has to be done on the credit card bank platform. Proceed just as you do when making a payment using your credit card on the bank website.
Your recently purchased RefToken (REF) will be available in your Binance digital wallet (referred to as the «Spot Wallet») when the banking procedure is complete
Buy RefToken (REF) via Binance P2P
That means «Person To Person», i.e.: exchanging RefToken (REF)
with another Binance user. To do this, the first step is to define which payment method you would want to apply.
- Go to your profile and press "Security".
- Choose "Payment" from the menu on the left.
- As soon as the "Add a Payment Method" button is pressed the system will guide you through the rest of the process.
Now that the new payment method has been included in your profile, go to the upper bar of the navigator and hover on "Buy Crypto" to drop-down the menu and select "Trading P2P". Then see the following directions:
- Locate the "Buy" button on the upper bar of the "P2P Account" menu and click it
- Here you can select the RefToken (REF) you’re interested in, among all those available for buying through P2P trading. We will use «USDT» in this guide.Note that any RefToken (REF) purchased through P2P trading is allowed to be exchanged by any of the currencies available on Binance.
- Now you should select the local currency you want to make the payment with, for instance, «VES». To do this, place the list under the "Fiat" label.
- Now you need to indicate the sum in VES you’re going to spend in the "Amount" box.
- After you have selected the method of payment, the system will show you a list of traders’ ads.
- Select a seller from the displayed list. We advise that you pick a verified one with a high percentage of sales completed.
- Select "Buy USDT"
- In this step, the amount you want to invest in VES must be typed
- Press "Buy USDT" once again
- Now an order has been created and you’ll be able to contact the seller. Pay, press "Transferred, Next", then press "Confirm". Notice that there’s a limited time for you to make the payment.
How to transfer your RefToken (REF) to the Spot Wallet
The trader, upon confirming payment reception, will immediately release the RefToken (REF).
So, they will quickly be deposited into your wallet.
Take into account that your RefToken (REF) must be in your Spot Wallet in order for you to purchase others, so you will need to move them there before.
To do this, all you have to do is click on "Transfer to Spot Wallet" once the buying order has been completed.
In the event you didn’t follow this step, don’t stress, you can do it at any other time.
Tips on how to transfer your RefToken (REF) to the Spot Wallet
Once you have completed a payment to the trader, they will release the RefToken (REF), just by confirming payment reception.
You may verify your wallet Binance balance to confirm reception.
Take into account that your RefToken (REF) must be in your Spot Wallet in order for you to purchase others, so you need to move them there before.
You can do this immediately immediately after the purchase order has been completed just by clicking "Transfer to Spot Wallet".
If you forget to follow this step right after the purchase, no problem at all: you’ll be able to do it later.
- Hover the mouse over "Wallet" and select "Wallet Funds" from the drop-down menu.
- The "Transfer" option is located on the upper right area of the screen. Press it.
- In the pop-up window, change the «From» and «To» options to the following configuration:
- From: Funds
- To: Fiat and Spot
- For this article, we will use «USDT» as an example, but you’ll obviously select the currency you have
- Type the cryptos you are transferring to the spot walet and press "Confirm".
That’s all! This way you will have funds in the Spot Wallet so you will be able to purchase any of the huge selection of RefToken (REF) that the Binance platform has.
Purchase any crypto from Binance just following the steps described below:
- In the top section, loate the "Trading" option.
- From that list choose the "Convert" option.
- Fill in the box the sum of «USDT» you wish to spend.
- Choose the cryptocurrency you would like to get.
- Press "Preview conversion".
- Confirm the operation and that’s all. You now will have the amount of the chosen cryptocurrency in your Spot Wallet.
With these funds already in your Spot Wallet, nothing keeps you from trading any crypto you consider will be worthwhile.
To purchase RefToken (REF) from the Binance platform all you have to do is the following:
- Find the "Trading" option in the top panel.
- Choose "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to spend.
- Choose the cryptocurrency you intend to purchase.
- Choose "Preview conversion".
- Validate the transaction and that’s it. Now you will have the funds of the chosen crypto in your Spot Wallet.
You’ve already learned how easy is to start trading RefToken (REF) on Binance.
Don’t wait any more and begin earning an extra income.