Complete guide on SXP (SXP) Token - What is it, price and staking

How to buy SXP (SXP) on Binance

Undoubtedly one of the top trading platforms in the world today is Binance.

However, if you wish to start out trading on it, the first thing you should do is to discover how to buy SXP (SXP).

That’s why in this post we will give you all the information you should have to buy SXP (SXP) on the Binance cryptocurrency exchange.

Learn how to register on Binance

Opening a Binance account is the initial step you must complete.

To do so, you need to follow each of the steps below.

Search for the "Register" button in the Binance main page and click on it to begin the registration process.

Go directly to Binance by clicking here.

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 iOS devices as well.

In this post we’ll will explain the registration process using an email address.

• In the screen that is displayed, choose your country of residence from the drop-down list.
• The next step is choosing a safety password. This is of vital importance since it’s all about your money, so you must to invent a strong one
• If you would want to be informed periodically via email about Binance news, check in the corresponding box. Next, 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 surely have received an email sent to the address you’ve just used for creating your Binance account. In its text you’ll see an activation password you will enter in that page. Then press "Send"

And that’s all! You are now registered to Binance.

Take a time to become familiar with the different areas of the Binance platform by browsing them.

This way you canit will be possible to start trading SXP (SXP) quickly.

The ID verification is a mandatory step you need to fulfill to get access to all these options.

Please, be well aware that it is only after you have fulfilled this security step that you’ll be authorized to begin trading SXP (SXP).

No big deal, though. See the next paragraphs to complete that step.

Learn to verify your Binance account and put hands on trading

To be an authorized Binance trader you have to complete the next steps:

On the main page, hover the mouse on the user profile option and a list will immediately appear where you will press "Security"

Or simply look for the "Verify" button on the upper part of the navigator window

Go to "Identification" on the left menu.

Here you’ll have to pick your country of residence.

The platform will display you 3 verification levels: the one you already have, the Verified, and the Verified Plus.

At this moment, you must select "Verified", pressing the "Start now" option under it.

At this point, some personal data is required:

• Nationality.
• First Name and Last name.
• Second name and birth date.
• Exact address of your residence.
• Second name and date of birth.
• Second name and birth date.

Here, the Binance platform will ask you to present a legal document for identity corroboration.

passport, ID card or even a license will be enough to fulfill this requirement.

In the next step, you will be asked to take a selfie, according to the application’s instructions.

After completing all those requisites, the Binance platform will do a verification process on your account.

Once your application has been accepted, you’ll be notified via email, just be patient.

The following instructions will guide you through the SXP (SXP) buying process. As soon as you’ve received the confirmation email, you’ve become a Binance licensed SXP (SXP) trader.

Purchasing SXP (SXP) on Binance

Understanding how to make a purchase of SXP (SXP) is not so difficult.

At this point, the Binance platform will ask you to use a legal document for identity corroboration.

Use your passport, ID card or even your driver’s license to complete this step.

Follow the system requirements to take a selfie.

The final step will be carried out by the Binance system: a verification process that will just take a while.

Now be patient, Binance will let you know via email once your profile has been accepted.

After that, it’s time to buy SXP (SXP), just see the guidelines below.

How to purchase SXP (SXP) on Binance

Take a time to learn how to buy a SXP (SXP).

Be aware that you may have different options for this process

The "Buy cryptos" menu on the Binance main page should be your reference when making a purchase.

You must, of course, do this after you’ve signed into your account

Uncover all the different buying options just by hovering your mouse over this button.

At this point, the Binance platform will ask you to use a legal document for identity corroboration.

You can do this by using your passport, ID card, or license.

Follow the system guidelines to take a selfie.

The final step is on Binance’s side: a certification process that will just take a while.

Now be patient, Binance will send you an e-mail as soon as your request has been accepted.

After that, it’s time to get SXP (SXP), just see the instructions below.

Buying SXP (SXP) on Binance

Learning how to make a purchase of SXP (SXP) is actually quite easy.

You may find different alternatives throughout the process

Browse through the "Buy cryptos" menu on the Binance homepage to find out which options you have when making a purchase.

You will need to, of course, make this happen once you are logged into your account

Hovering your mouse pointer over this button will display a list of alternatives to make your purchase.

Learn how to use your debit or credit card to purchase cryptocurrencies

Go to the "Buy Cryptos" and select the credit card-related option from the menu.

Next, just stick to the following directions:

Currency preferred and how much to invest should be defined here.

Next, pick the SXP (SXP) you’re going to purchase

Depending on the amount of USD you have just defined, the platform will automatically show you the quantity of SXP (SXP) you are going to receive.

Next, just adhere to these guidelines:

Currency preferred and how much you will invest should be specified in the next box.

The the SXP (SXP) you’d like to buy should be indicated in the second field

Considering the amount of USD you have recently defined, the platform will immediately show you the number of SXP (SXP) you’ll receive.

Now select "Continue".

Now it’s time to indicate the method of payment you’ll use. To pay with your credit card, select in the "Visa/Mastercard" box the button "Add card".

Enter your card data and click "Next".

The following field is intended to indicate the address associated to the credit card. Type it exactly as it is, then select "Add card".

With this step, your card will be added to the payment methods in your account. Click "Continue".

Next, all the relevant details of the operation will be displayed: the sum you are paying and the corresponding currency, and obviously, the cryptos you are going to receive.

It will also state the commission you will have to pay for the purchase.

Within the next 60 seconds click on "Confirm", and then the order will be automatically aborted.

The following step must be done on the credit card bank platform. Follow the guidelines in the same way you would normally generate a payment with your card.

Once the banking process is complete, you’ll have your purchased SXP (SXP) in your Binance e-wallet (called the «Spot Wallet»)

Learn how to buy SXP (SXP) with Binance P2P

Next, all the important details of the transaction will be presented: the sum you’ll pay and the corresponding currency, and obviously, the cryptos you are going to get.

Another detail of relevance in this overview is the sum Binance will charge you as a commision for making the operation.

At this point you have 1 minute to press "Confirm", otherwise the order will be automatically shut down.

The following step needs to be done on the credit card bank platform. There you will make a standard online payment using your credit card.

You may take a look at your Binance e-wallet (called the «Spot Wallet») as soon as the banking procedure has been finished to see your recently purchased SXP (SXP) already there

Buy SXP (SXP) with Binance P2P

1. Go to your account and choose "Security".
2. Locate the "Payment" option in the menu you’ll see on the left-hand side of the screen and click on it.
3. After Clicking on "Add a Payment Method" the Binance platform will guide you through the rest of the procedure.

Now that the new method of payment has been configured in your profile, go to the top part of the display and hover on "Buy Crypto" to drop-down the menu and click on "Trading P2P". Then see the following directions:

1. Look for the "Buy" button on the upper bar of the "P2P Account" tab and press it
2. This bar contains all the SXP (SXP) available for buying via P2P trading. Choose the one you want, here we will present «USDT» as an example.It is important to note that once you buy any crypto via P2P trading, you will be able to exchange it for any of the currencies that operate on the Binance platform.
3. It is time to choose the local currency you want to make the payment with, for instance, «VES». To do this, see the drop-down menu under the "Fiat" label.
4. In the "Amount" box, indicate the amount in VES you would like to invest.
5. Indicate the payment method and wait for the platform to display the register of the traders’ ads.
6. Select a trader from the displayed list. We suggest that you choose a verified one with a high completed sales rate.
7. Now click on "Buy USDT"
8. Write the amount in VES you wish to invest
9. Again, press "Buy USDT"
10. A buying order has been opened and the trader and you will be able to contact each other for further details, in case you need it. You have a limited time to complete, otherwise the order will be shut down by the system (something bad for your reputation as a buyer). Once you have paid, press "Transferred, Next", then press "Confirm".

Ways to transfer your SXP (SXP) to the Spot Wallet

Cryptos will be released by the seller as soon as payment reception acknowledge has been done.

You may verify your wallet Binance balance to confirm reception.

NB: you must send them to your Spot Wallet in case you want to purchase another cryptocurrency.

To do this, you only need to press "Transfer to Spot Wallet" once the buying order has been completed.

Should you forget to follow this step right after the purchase, no problem at all: you’ll be able to do it at any moment.

Ways to transfer your SXP (SXP) to the Spot Wallet

When you have made a payment to the seller, they will be able to release the SXP (SXP), just by confirming receipt of the payment.

The default place where SXP (SXP) are added to is your Binance wallet.

Take into account that your SXP (SXP) must be in your Spot Wallet in case you would want to purchase others, so you need to move them there before.

That’s easy: just click on "Transfer to Spot Wallet" once the buying order has been completed.

This SXP (SXP) internal transfer can be carried out anytime later.

1. Hover the mouse over "Wallet" and select "Wallet Funds" from the drop-down list.
2. The "Transfer" option is located on the upper right area of the screen. Click on it.
3. Configure the «From» and «To» options on the pop-up window to:
• From: «Funds»
• To: «Fiat and Spot»
4. Choose the currency corresponding to the funds you have in the platform, in this example we’ll use «USDT»
5. Type the amount you are about to move for the Exchange and press "Confirm".

With these money already in your Spot Wallet, don’t fear to buy any cryptocurrency you think will be worthwhile.

Find out how easy is to purchase any crypto from the Binance platform:

1. In the upper panel, find the "Trading" menu.
2. From the list choose the "Convert" alternative.
3. Input the amount of «USDT» you would like to invest.
4. Now indicate the crypto you’re about to buy.
5. Click on "Preview conversion".
6. Validate the operation and that’s all. Now you will have the amount of the selected crypto in your Spot Wallet.

All right! Now you have money available to trade any of the numerous SXP (SXP) in the Binance platform.

Discover how simple is to buy any cryptocurrency from Binance:

1. Pick the "Trading" menu in the top panel.
2. Choose "Convert" from the list.
3. Input the sum of «USDT» you want to invest.
4. Choose the crypto you would like to purchase.
5. Choose "Preview conversion".
6. Validate the operation and that’s it. Now you will have the amount of the selected cryptocurrency in your Spot Wallet.

You’ve already seen how simple is to begin trading SXP (SXP) on Binance.

So, no time to waste, make a profitable business within this cryptocurrency platform.