Learn how to buy Velo (VELO) on Binance
No doubt one of the world’s leading trading platforms today is Binance.
Understanding how to buy Velo (VELO) is essential if you want to start out operating on that platform.
So, in this post we will try to give you all what you need to know to trade with Velo (VELO) on the Binance cryptocurrency exchange.
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How to register on Binance
There is only way to get started in trading within the Binance platform: subscribing to it.
To do so, you will need to follow each of the guidelines listed below.
Navigate to the Binance main page and press on the "Register" option.
You may access directly by clicking here.
In the Binance main page you’ll see a button with the label "Register with a phone or email". Press it.
This can also be done with any Apple phone.
In this article, we’ll will describe how to do this using an e-mail account.
- In the screen that will be displayed, select your country of residence from the drop-down list.
- The next step is creating a safety password. This is crucial since it’s all about your money’s safety, so you must to create a robust one
- Whether you wish 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. You’ve just created your account Now it only needs to be verified via email
You surely have received an e-mail sent to the address you’ve just used to create your Binance account. In its text you’ll see a one-time-only activation password you’ll have to will enter in that page. Then press "Send"
You’re now a Binance subscriber!.
Now you can navigate the Binance platform and observe all the options it has to offer.
This way you canit is possible to begin operating with Velo (VELO) without any trouble.
To gain access to those options, you need to complete the ID checking.
Important: No Velo (VELO) trading will be allowed if you skip this security step.
However, you don’t need to worry, see the following instructions to learn how to do it.
How to complete the verification of your account and put hands on trading
See the next guidelines and become a certified user:
From the user profile menu, click on "Security"
Another option is to go to the top of the navigator window and click on the "Verify" button
Locate the option "Identification" on the left part of the screen.
Country of residence is the first thing you must choose.
Now, the 3 levels of verification:
- The one you already have.
- The Verified.
- The Verified Plus.
will be displayed on screen.
To begin, press "Start now" located under the "Verified" level.
In this step, you must give some personal information:
- Nationality.
- First and Last Name.
- Middle name and birth date.
- Residence address (exact).
- Second name and birth date.
- Middle name and date of birth.
Now you’ll need to present a legal document to support your identity.
Use your passport, ID card or even your license to complete this step.
In the next stage, you will be asked to take a selfie, following the application’s requirements.
Once you have fulfilled the system’s requirements, you will have to wait a short time while your account is verified.
Now be patient, Binance is going to send you an email when your request has been accepted.
Congrats! Now you’re officially authorized to trade Velo (VELO). See the guidelines that follow.
How to purchase Velo (VELO) on Binance
Beginning your Velo (VELO) trading adventure has never been so easy, right?.
In this section you’ll realize how easy is to make a purchase of Velo (VELO).
Next, you’ll have to to use a legal document to verify your identity.
ID card, passport or even a driver’s license will be enough to complete this formality.
Follow the system requirements to take a selfie.
Once you have completed the platform’s instructions, you’ll have to wait a short time for the verification to be performed on your account.
All you have to do is wait patiently, Binance will send you an email when your request has been accepted.
Upon receiving that email it’s time to get Velo (VELO), to do so follow the instructions below.
Purchasing Velo (VELO) on Binance
Starting your Velo (VELO) trading experience has never been so easy, right?.
Understanding how to make a purchase of Velo (VELO) is not so difficult.
You may have different alternatives throughout the process
Look for the "Buy cryptos" menu on the Binance homepage to know which alternatives are available to you when buying.
Certainly, you’ll only be able to do this if you’re logged in
Hovering your mouse pointer over this key will show a list of alternatives for making your purchase.
Next, you’ll have to to provide a legal document to support your identity.
Use your passport, ID card or even your license to complete this step.
In the next step, you will be asked to take a selfie, according to the application’s instructions.
When you have fulfilled the platform’s guidelines, you’ll have to wait a short time while your account is verified.
Now be patient, Binance is going to let you know via e-mail once your application has been approved.
After that, it’s time to acquire Velo (VELO), to do so follow the instructions below.
Learn to purchase Velo (VELO) on Binance
OK, account verified was all you needed to begin buying Velo (VELO) immediately.
First you need to learn how to convert money into Velo (VELO).
You may have more than one option throughout the process
The "Buy cryptos" menu on the Binance main page will be your reference when making a purchase.
Needless to say you must sign in to your account to be able to do this
Place your mouse over this key and a list of buying alternatives will be displayed.
Did you know you can use your debit or credit card to buy cryptocurrencies?
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
Continue reading for further instructions:
In the next box, pick the currency you want to use and indicate how much you are going to invest.
Next, pick the Velo (VELO) you are going to buy
Once you do so, the system will automatically show you the quantity of Velo (VELO) you are going to get, according the amount of USD you’ve recently defined.
After that, just adhere to these guidelines:
Currency preferred and how much to invest should be stated here.
Next, pick the Velo (VELO) you are going to buy
The quantity of Velo (VELO) you’ll receive will depend upon the amount of USD you have just specified. The Binance system will immediately show it to you.
Click "Continue".
Now you must specify the method of payment you’ll use. To pay with your credit card, choose in the "Visa/Mastercard" field the option "Add card".
Enter your CC data and press "Next".
The credit card’s associated address must be stated next. Be very careful, since you’ll need to enter it exactly as it is, otherwise your card might not be approved. Then press "Add card".
With this, your card will be added to the valid methods of payment in your user profile. Click "Continue".
Next, all the important details of the transaction will be summarized: the amount you are paying and the corresponding currency, and of course, the cryptos you are going to receive.
It will also let you know the commission will be charged for the transaction.
At this point you have 60 seconds to click on "Confirm", otherwise the order will be automatically canceled.
The Binance system will now reroute you to the bank issuing the credit card. There you will make a standard on-line payment using your credit card.
You can take a look at your Binance e-wallet (referred to as the «Spot Wallet») when the banking procedure has been finished to find your recently bought Velo (VELO) already there
Buy Velo (VELO) via Binance P2P
You may get Velo (VELO) not only via a direct purchase, but trading them «Person To Person»
with another Binance trader too. To accomplish this, the first step is to indicate which payment method you wish to apply.
The platform will now show you the summary of the buying order you are creating. The amount you will pay with the currency you’ve chosen, and the Velo (VELO) you will receive.
Another detail of relevance in this overview is the sum Binance will charge you as a commision for making the transaction.
You have 60 seconds to press "Confirm", otherwise the order will be automatically terminated.
The next step needs to be carried out on the credit card banking platform. There you should complete a normal on-line payment using your credit card.
You can take a look at your Binance e-wallet (referred to as the «Spot Wallet») when the banking process is complete to find your recently bought Velo (VELO) already credited
Buy Velo (VELO) through Binance P2P
This is a transaction made «Person To Person», i.e.: exchanging Velo (VELO)
with another Binance subscriber. In that case, you should specify which payment method you would want to work with first.
- Go to your profile and select "Security".
- Look for the "Payment" option in the menu you’ll see from the menu on the left and choose it.
- Click on "Add a Payment Method" and the Binance platform will guide you through the rest of the process.
After you have added the new method of payment to your account, move to the "Buy Crypto" menu (upper part of the display), pick the "Trading P2P" option, and follow the guidelines below:
- Press the "Buy" button found on the upper bar of the "P2P Account" tab
- The complete set of Velo (VELO) available for buying through P2P trading will be shown in this list, so you will be able to select the one you’re interested in. In this guide, we present «USDT».Purchasing one of these Velo (VELO) in P2P trading allows the subscriber to exchange it on Binance for any of the currencies available.
- Locate the "Fiat" column on the top menu and reveal the drop-down list to see all available currencies. Let’s use «VES» in this example.
- Use the "Amount" box to enter the sum in VES you’re going to spend to purchase Velo (VELO).
- Indicate the method of payment and wait for the system to display all the traders that are offering Velo (VELO).
- From the list displayed list, you can choose any of the sellers. It is recommendable to choose a verified one and better if a good percentage of completed sales is displayed.
- Next press "Buy USDT"
- Enter the amount in VES you want to pay
- Again, click on "Buy USDT"
- That will open an order where you will have contact with the seller. Pay within the established time and press "Transferred, Next" and then press "Confirm".
How you can transfer your Velo (VELO) to the Spot Wallet
When you have completed a payment to the seller, they are going to release the Velo (VELO), just by confirming payment reception.
This way, they will instantly be added to your account balance.
Nonetheless, you will have to transfer them to your Spot Wallet in order for you to buy any other cryptocurrency.
That’s quite simple: just press "Transfer to Spot Wallet" right after the purchase order has been completed.
Should you forget to do this right after the purchase, no problem at all: you’ll always be able to do it at any moment.
Ways to transfer your Velo (VELO) to the Spot Wallet
Once you have made a payment to the trader, they will release the Velo (VELO), by confirming invoice of the payment.
So, they will instantly be added to your account balance.
Take into account that your Velo (VELO) must be in your Spot Wallet in case you would want to purchase others, so you will need to transfer them there before.
To do this, you only need to press "Transfer to Spot Wallet" once the buying order has been completed.
Should you forget to do this right after the purchase, no problem at all: you’ll always be able to do it later.
- Press "Wallet Funds" from the "Wallet" drop-down menu.
- Next press "Transfer" option on the upper right area of the navigator window.
- In the pop-up window, change the «From» and «To» options to the following settings:
- From: «Funds»
- To: «Fiat and Spot»
- Choose the currency in which you have money, in the example in this article we use «USDT»
- Type the cryptos you are sending for the Exchange and press "Confirm".
That’s all! This way you will have funds in the Spot Wallet and you will be able to trade any of the huge selection of Velo (VELO) within the Binance platform.
See how easy is to buy any crypto from Binance:
- Select the "Trading" menu in the top top section.
- Click on "Convert" from the list.
- Enter the amount of «USDT» you would like to invest.
- Now mark the crypto you’re about to buy.
- Select "Preview conversion".
- Confirm the transaction 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, don’t fear to purchase any cryptocurrency you believe will yield the greatest profit.
To buy Velo (VELO) from the Binance platform what you just have to do is the following:
- In the top section, find the "Trading" option.
- Click on "Convert" from the list.
- Fill in the box the sum of «USDT» you want to invest.
- Choose the crypto you wish to purchase.
- Click on "Preview conversion".
- Validate the transaction and that’s all. Now you will have the amount of the selected crypto in your Spot Wallet.
This post surely pictured you a wide overview of what Binance is and how you can trade Velo (VELO) on it.
The future of money trading relies on Velo (VELO)., and Binance is a secure and friendly site to do business. Begin today!