Purchasing UCoin (UCOIN) on the Binance platform
There is no doubt one of the most reputed trading platforms in the world nowadays is Binance.
Understanding how to purchase UCoin (UCOIN) is vital if you’ would like to start out trading on that platform.
Keep on reading this article and you’ll find everything you need to know about purchasing crypto on Binance.
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Be able to register on Binance
To be able to buy UCoin (UCOIN) on Binance, the vital thing you have to know is how to register.
Registering on the platform is very easy: observe the following instructions.
On the Binance homepage you have to locate the "Register" option and press it.
Here you have the direct access to Binance.
In the Binance main page you’ll see a button labeled "Register with a phone or email". Click on it.
The Binance platform is totally compatible with Apple devices as well.
For the purpose of this post, the email address registration process will be shown.
- First, select the country from the drop down list according to the one you reside.
- Now the extremely important step: password. Define an alphanumeric word strange enough not to be easily guessed. Never use your birth date, middle name or things like that. Keep in mind 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 email address, mark in the corresponding box
You should have received an email sent to the address you’ve just used to create your Binance account. It will have a one-time-only activation code you’ll need to will enter in that page. Then click on "Send"
You’re now a Binance user!.
Take a time to get acquainted to the different options of the Binance platform by navigating through them.
This way you canit will be possible to start trading UCoin (UCOIN) conveniently.
Fulfill the required identity checking to enable all these options.
Please, note that it will be only after you have fulfilled this safety measure that you’ll be able to begin trading UCoin (UCOIN).
No big deal, though. Read the following section to fulfill that step.
Verify your Binance account to start trading
To become an authorized end user you must complete the next steps:
On the main screen, hover the mouse on the user profile menu and a list will immediately show up where you will need to click on "Security"
Or simply look for the "Verify" button on the upper part of the screen
Select "Identification" on the left list of options.
Country of residence should be chosen here.
Now, the three verification levels:
- The current one.
- The Verified.
- The Verified Plus.
will be shown on screen.
Press the "Start now" button under the "Verified" label, for this will be your beginning level.
In this step, some personal data is required:
- Nationality.
- First Name and Surname.
- Middle name and date of birth.
- Residence address (exact).
- Second name and birth date.
- Second name and date of birth.
The next step is to verify your identity using a legal document.
ID card, passport or even a driver’s license are all valid documents to fulfill this requirement.
Follow the system instructions to take a selfie.
Once those requirements have been completed, the Binance system will execute a verification process on your account.
Now you have to wait until your profile has been accepted. Be patient, Binance will send you an email.
Congrats! Now you’re officially enabled to operate with UCoin (UCOIN). The following instructions will be helpful.
How to purchase UCoin (UCOIN) on Binance
Starting your UCoin (UCOIN) trading career has never been so easy, right?.
In this section you’ll learn how easy is to buy a UCoin (UCOIN).
Now you’ll need to provide a legal document to sustain your identity.
ID card, passport or even a license are all valid documents to complete this requirement.
Follow the system requirements to take a selfie.
Now you will have to wait for a short period while an account confirmation process is performed.
Now you must wait until your request has been accepted. Be patient, the system is going to send you an e-mail.
Congrats! Now you’re officially authorized to buy UCoin (UCOIN). The following guidelines will be helpful.
Buying UCoin (UCOIN) on Binance
Since you are subscribed to the platform and have your account confirmed, you can begin trading.
Understanding how to make a purchase of UCoin (UCOIN) is actually quite easy.
You may have different options throughout the process
To find out which options are available to you when buying, browse through the "Buy cryptos" menu on the Binance homepage.
Obviously, you’ll only be able to do this once you are logged in
Hover your mouse over this option and a list of buying alternatives will deploy.
Here, the Binance platform will ask you to show a legal document for identity verification.
Use your passport, ID card or even your license to complete this step.
Follow the system instructions to take a selfie.
Once you have completed the platform’s requisites, you’ll have to wait a short time while your account is confirmed.
Once your request has been accepted, you will be informed via e-mail, just be patient.
After that, it’s time to purchase UCoin (UCOIN), to do so see the instructions below.
Buying UCoin (UCOIN) on Binance
Starting your UCoin (UCOIN) trading experience has never been so simple, right?.
Learning how to make a purchase of UCoin (UCOIN) is actually quite easy.
Take into account that you have more than one option for this process
To find out which alternatives can be found when making a purchase, look for the "Buy cryptos" menu on the Binance homepage.
Needless to say you must login to your account to do this
Place your mouse on this option and a list of buying alternatives will deploy.
Buying UCoin (UCOIN) with a credit/debit card
What you need to do to purchase the UCoin (UCOIN) you want using a credit card, is to select this option from the drop-down menu labeled "Buy Cryptos".
Continue reading for further directions:
Currency to be used and how much you’ll invest must be indicated here.
The the UCoin (UCOIN) you intend to get must be indicated in the second field
Considering the amount of USD you have previously specified, the system will automatically show you the number of UCoin (UCOIN) you will be given.
Keep on reading for further directions:
Now you should choose the currency you want to buy with and type how much you want to invest.
In the second field you must select the UCoin (UCOIN) you’d like to get
After you do so, the platform will automatically show you the number of UCoin (UCOIN) you’ll be given, according the amount of USD you’ve previously defined.
Click on "Continue".
To include your CC as a payment method, choose in the "Visa/Mastercard" box the button "Add card".
CC details must be entered in this step, then press "Next".
Your credit card’s associated address should be stated next. Try not to err a single character, since you must write it exactly as it is, otherwise the card won’t be accepted. Then choose "Add card".
With this, your credit card will be added to the valid methods of payment in your account. Click "Continue".
Next, all the important details of the transaction will be displayed: the amount you’ll pay and the corresponding currency, and of course, the cryptos you will receive.
Another important detail in this summary is the percentage Binance will charge you as a commision for making the transaction.
Now you must validate the order clicking on the "Confirm" button during the next minute, or it will be automatically terminated.
The next step has to be done on the credit card bank system. There you should make a standard online payment using your credit card.
Your recently purchased UCoin (UCOIN) will be deposited to your Binance digital wallet (called the «Spot Wallet») once the banking process has been finished
Purchase UCoin (UCOIN) with Binance P2P
An alternative way to purchase crypto is to trade it
with another subscriber. You should state which payment method you want to make use of first.
Next, all the relevant details of the operation will be displayed: the sum you’ll pay and the corresponding currency, and of course, the cryptos you are going to receive.
Another important detail in this summary is the amount Binance will charge you as a commision for making the operation.
Within the next 60 seconds click on "Confirm", and then the order will be automatically shut down.
The following step must be done on the credit card banking webpage. Follow the guidelines in the same way you would normally pay with your card.
Once the banking procedure has been done, you are already in possession of the recently bought UCoin (UCOIN) in your Binance digital wallet (called the «Spot Wallet»)
Buy UCoin (UCOIN) via Binance P2P
That means «Person To Person», i.e.: trading UCoin (UCOIN)
with another Binance trader. To achieve this, the first step is to specify which payment method you would want to work with.
- Go to your profile and click on "Security".
- From the list on the left-hand side click on "Payment".
- Click on "Add a Payment Method" and the Binance system will guide you through the rest of the process.
Once the new method of payment has been configured in your profile, locate the "Buy Crypto" menu in the upper part of the screen, click the "Trading P2P" option and follow the instructions described below:
- Look for the "Buy" option on the top bar of the "P2P Account" menu and click it
- Here you can pick the UCoin (UCOIN) you’re interested in, among all those available for purchase via P2P trading. We present «USDT» in this example.Purchasing one of these UCoin (UCOIN) in P2P trading will allow the user to exchange it on Binance for any of the foreign currencies available.
- It is time to choose the currency you want to use, for example, «VES». Simply, place the list under the "Fiat" column.
- In the "Amount" box, input the amount in VES you intend to buy with.
- You will see a register of dealers offering cryptos a little while after you choose the payment method.
- Any of the traders shown in the list can be chosen, but it is advisable to select a verified one (see the blue diamond marking), and even better, a high-volume seller (golden star badge).
- Next click on "Buy USDT"
- Now the amount you would want to pay in VES must be typed
- Again, select "Buy USDT"
- A purchase order has been created and the trader and you will be able to contact each other for further details, in case you need it. You have a time limit to pay, otherwise the order will be aborted by the system (something not good for your reputation as a buyer). Once you have paid, click on "Transferred, Next", then press "Confirm".
Tips on how to transfer your UCoin (UCOIN) to the Spot Wallet
The trader, upon confirming payment reception, will immediately release the UCoin (UCOIN).
You may see your wallet account balance to confirm reception.
NB: you will have to move them to your Spot Wallet in case you want to purchase another cryptocurrency.
That’s easy: just click on "Transfer to Spot Wallet" immediately after the buying order has been completed.
If you didn’t do this, don’t get worried, you can do it later.
Learn how to transfer your UCoin (UCOIN) to the Spot Wallet
When you have made a payment to the trader, they will be able to release the UCoin (UCOIN), by confirming invoice of the payment.
So, they will instantly be deposited into your wallet.
Take into account that your UCoin (UCOIN) must be in your Spot Wallet in order for you to buy others, so you will need to send them there before.
To accomplish this, all you have to do is click on "Transfer to Spot Wallet" right after the purchase order is completed.
If you didn’t do this, don’t stress, you can do it at any other moment.
- Place the mouse pointer on "Wallet" and select "Wallet Funds" from the drop-down menu.
- Locate the "Transfer" option at the top right and press it.
- In the pop-up window, change the «From» and «To» options so that it looks like this:
- From: Funds
- To: Fiat and Spot
- Select the currency in which you have money, in the example in this article we use «USDT»
- Input the cryptos you are moving to the spot walet and press "Confirm".
That’s it! This way you will have funds in the Spot Wallet and you will be able to trade any of the numerous UCoin (UCOIN) within the Binance platform.
To buy UCoin (UCOIN) from Binance all you have to do is described below:
- Select the "Trading" menu in the upper section.
- From that listing choose the "Convert" option.
- Fill in the box the amount of «USDT» you want to invest.
- Choose the cryptocurrency you intend to buy.
- Press "Preview conversion".
- Validate the transaction 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 purchase any of the several UCoin (UCOIN) in the Binance platform.
To buy UCoin (UCOIN) from Binance what you just have to do is described below:
- Select the "Trading" option in the top upper section.
- From that listing choose the "Convert" option.
- Fill in the box the sum of «USDT» you want to spend.
- Select the crypto you wish to get.
- Press "Preview conversion".
- Confirm the transaction and that’s all. Now you will have the funds of the chosen crypto in your Spot Wallet.
You’ve already learned how easy is to start doing business with UCoin (UCOIN) on Binance.
Don’t wait any further and start earning an extra income.