Learn how to buy Scotcoin (SCOT) on Binance
You can find a lot of trading platforms on the ’net nowadays, but without a doubt Binance is one of the most popular and reputed.
However, if you want to begin operating on it, the first thing you should do is to figure out how to purchase Scotcoin (SCOT).
The goal of this post is to teach you about how to trade with Scotcoin (SCOT) on the Binance Scotcoin (SCOT) exchange.
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Learn how to register on Binance
To be capable of buying Scotcoin (SCOT) on Binance, the very first thing you have to know indeed is how to subscribe.
Quick and easy subscription: just follow the guidelines below.
Proceed to the Binance main page and click on the "Register" button.
You have the direct link here.
Look for the "Register with a phone or email" button in the homepage and click on it.
Apple smartphones or tablets can be used to do this as well.
In this post, we’ll will show you how to suscribe using an email address.
- In the window you’ll immediately see, pick your country of residence from the drop down list.
- Now, enter your email address and a keycode. Be well aware that you are going to invest your money, so you should give relevance to the password you choose
- In this step you must accept "Terms of Service" and, if you would want to get information, news and updates from Binance in your e-mail address, mark in the corresponding box
You surely have received an e-mail in the address you’ve just used for subscribing on the Binance platform. In its text you’ll see a one-time-only activation password you’ll have to will enter in the corresponding box. Then press "Send"
And that’s it! You are now registered to Binance.
Take a time to become familiar with the different options of the Binance platform by visiting them.
You’ll discover how simple is to begin operating with Scotcoin (SCOT).
The ID verification is a required step you have to fulfill to have access to all those options.
Notice: No Scotcoin (SCOT) operation will be allowed if you ignore this safety step.
In the next instructions, you’ll learn how to do that. Hassle-free.
How to verify your account and get started on trading
These are the instructions to verify your Binance account and get the permission to start operating:
Pick "Security" from the drop-down list under the user profile section
Another alternative is to go to the upper part of the screen and click on the "Verify" button
In the list shown on the left-hand part of the navigator window, pick the "Identification" option.
Here you should choose 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, press "Start now" just near the "Verified" level.
Then it will appear a pop-up window where you should provide the following info:
- Nationality.
- First and Last Name.
- Second name and birth date.
- Exact address of your residence.
It is time to check your identity with a legal document.
Use your ID card, passport or even your driver’s license to complete this step.
Now, you will be asked to take a selfie, according to the platform’s requirements.
Once those requirements have been completed, the Binance system will carry out a verification process on your account.
Now you have to wait until your request has been accepted. Be patient, the system will let you know via e-mail.
Congrats! Now you’re officially authorized to buy Scotcoin (SCOT). See the guidelines that follow.
Purchasing Scotcoin (SCOT) on Binance
Starting your Scotcoin (SCOT) trading experience has never been so easy, right?.
Learning how to make a purchase of Scotcoin (SCOT) is not so difficult.
The next step is to support your identity using a legal document.
Use your ID card, passport or even your driver’s license to complete this step.
Follow the system guidelines to take a selfie.
The final step is on Binance’s side: a corroboration process that will just take a while.
Now wait patiently, Binance is going to let you know via e-mail once your profile has been approved.
Upon receiving that e-mail it’s time to get Scotcoin (SCOT), just follow the instructions below.
Buying Scotcoin (SCOT) on Binance
Starting your Scotcoin (SCOT) trading experience has never been so simple, right?.
Learning how to make a purchase of Scotcoin (SCOT) is actually quite easy.
Some processes would probably have alternative paths
The "Buy cryptos" menu on the Binance homepage should be your reference at buying time.
You need to, of course, make this happen once you are signed into your account
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.
You can do this with your passport, ID card, or license.
In the next stage, you will be asked to take a selfie, according to the platform’s requirements.
Once you have fulfilled the platform’s requirements, you will have to wait a short while for the confirmation to be performed on your account.
When your profile has been accepted, the platform will send you an e-mail, just be patient.
The following instructions will guide you through the Scotcoin (SCOT) buying process. As soon as you’ve got the confirmation e-mail, you’ve become a Binance authorized Scotcoin (SCOT) trader.
Purchasing Scotcoin (SCOT) on Binance
All right, account confirmed means you can begin buying Scotcoin (SCOT) immediately.
Learning how to buy a Scotcoin (SCOT) is not that hard.
Some processes may have optional paths
The "Buy cryptos" menu on the Binance homepage should be your reference at buying time.
Certainly, you’ll only be able to do this if you’re logged in
Move your mouse over this option and a list of buying alternatives will be shown.
Buying Scotcoin (SCOT) using a credit/debit card
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
Read on for further instructions:
Currency preferred and amount of the investment must be specified in the next box.
In the second field you should choose the Scotcoin (SCOT) you would like to buy
Considering the amount of USD you’ve just indicated, the system will automatically show you the number of Scotcoin (SCOT) you’ll receive.
Next, just adhere to these directions:
Currency to be used and amount of the investment must be indicated in the next box.
In the second field you should pick the Scotcoin (SCOT) you would like to buy
Once you do so, the system will automatically display the quantity of Scotcoin (SCOT) you will get, according the amount of USD you have previously indicated.
Click "Continue".
Now it’s time to define your method of payment. To pay with your credit card, pick in the "Visa/Mastercard" field the option "Add card".
Then the system will prompt you to indicate your card data.
In this step you must state the physical address details of the card. After this, select "Add card".
Click "Continue" after you see your card has been successfully added to your user profile as a new method of payment.
The system will now display the details of the purchase order you are generating. The amount your card will be charged in the currency you have chosen, and the Scotcoin (SCOT) you will get.
In fact, Binance will take a small amount as a commission for making the purchase, and that will appear in that quick view as well.
You have 60 seconds to click on "Confirm", otherwise the order will be automatically aborted.
After this, you will be sent towards the banking platform the credit card has been issued by. Follow the steps in the same way you would make a payment with your card.
Your recently bought Scotcoin (SCOT) will be available in your Binance digital wallet (referred to as the «Spot Wallet») after the banking process is complete
Purchase Scotcoin (SCOT) through Binance P2P
Another option you have to buy crypto is to trade it
with another user. To accomplish this, the first step is to indicate the payment method you want to make use of.
Next, all the important details of the transaction will be presented: the sum you are paying and the corresponding currency, and of course, the cryptos you are going to get.
Another detail of relevance in this quick view is the percentage you’ll be charged as a commision for making the operation.
You have 1 minute to click on "Confirm", otherwise the order will be automatically canceled.
After this, you’ll be sent to the site of the bank issuing the credit card. Proceed just as you do when making a payment with your credit card on the bank website.
You can take a look at your Binance e-wallet (called the «Spot Wallet») once the banking process has been finished and you’ll see your recently bought Scotcoin (SCOT) already there
Purchase Scotcoin (SCOT) via Binance P2P
An alternative way to get crypto is to exchange it
with another person. To get this done, the first step is to specify the payment method you want to use.
- Login to the "Security" section of your profile.
- Look for the "Payment" option in the menu you’ll see from the menu on the left and select it.
- Click the "Add a Payment Method" button and follow the system guidance.
Now that the new method of payment has been added to your profile, go to the top bar of the navigator and pass over "Buy Crypto" to drop-down the menu and select "Trading P2P". Then see the following guidelines:
- On the top bar of the "P2P Account" menu, choose "Buy"
- Here you can pick the Scotcoin (SCOT) you’re interested in, among all those available for buying through P2P operations. We will use «USDT» for this guide.Purchasing one of these Scotcoin (SCOT) through P2P trading will allow the trader to exchange it on the Binance platform for any of the currencies available.
- Now you should select the local currency you want to pay with, for instance, «VES». Simply, see the drop-down menu under the "Fiat" label.
- Use the "Amount" box to enter the amount in VES you’d like to spend to buy Scotcoin (SCOT).
- You will be able to see a register of traders offering cryptos as soon as you have selected the payment method.
- From the list displayed list, you may pick any of the traders. Although it is recommendable to select one with the «Verified» mark and better if a good percentage of completed sales is displayed.
- Click on "Buy USDT"
- In this step, the amount you would like to pay in VES must be entered
- Press "Buy USDT" once again
- A buying order has been generated and the seller and you will be able to contact each other for details, if needed. You have a limited time to make the payment, if you fail doing so the order will be terminated by the system (and that’s bad for your rating as a buyer). Once you paid, press "Transferred, Next", then press "Confirm".
How you can transfer your Scotcoin (SCOT) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as money reception validation has been done.
The default place where Scotcoin (SCOT) are deposited is your account wallet.
Note that you must send them to your Spot Wallet in case you want to purchase any other cryptocurrency.
To accomplish this, you only need to press "Transfer to Spot Wallet" right after the buying order is completed.
In the event you didn’t follow this step, don’t be anxious, you can move the cryptos later.
Tips on how to transfer your Scotcoin (SCOT) to the Spot Wallet
When you have made a payment to the seller, they will be able to release the Scotcoin (SCOT), by confirming receipt of the payment.
You may check your wallet Binance balance to confirm reception.
But in order for you to buy any other Scotcoin (SCOT), you need to send them to your Spot Wallet.
To get this done, all you have to do is click on "Transfer to Spot Wallet" right after the buying order has been completed.
If you didn’t follow this step, don’t stress, you can do it later.
- Select "Wallet Funds" from the "Wallet" drop-down list.
- Now press "Transfer" option on the upper right area of the screen.
- A pop-up window will open, where you must set the options to:
- From: «Funds»
- To: «Fiat and Spot»
- Choose the currency corresponding to your funds in the platform, in this example we’ll use «USDT»
- Type the amount you are transferring for the Exchange and click "Confirm".
That’s it! Now you will have money in the Spot Wallet and you will be able to purchase any of the huge selection of Scotcoin (SCOT) that the Binance platform has.
To buy Scotcoin (SCOT) from Binance all you have to do is the following:
- In the upper section, select the "Trading" menu.
- In the list select the "Convert" alternative.
- Enter the amount of «USDT» you would like to spend.
- Select the crypto you wish to get.
- Click on "Preview conversion".
- Validate the operation and that’s it. You will have the amount of the chosen cryptocurrency in your Spot Wallet.
Perfect! Now you have funds available to trade any of the numerous Scotcoin (SCOT) in the Binance platform.
See how simple is to purchase any crypto from the Binance platform:
- Look for the "Trading" option in the top upper section.
- From that listing select the "Convert" option.
- Fill in the box the amount of «USDT» you want to spend.
- Now indicate the cryptocurrency you’re interested in.
- Press "Preview conversion".
- Confirm the transaction and that’s all. You will have the funds of the selected cryptocurrency in your Spot Wallet.
You’ve already seen how easy is to start out doing business with Scotcoin (SCOT) on Binance.
Cryptos are the future, and Binance is a secure and friendly place to do business. Begin right now!