Purchasing WAM (WAM) on the Binance platform
Undoubtedly one of the top trading platforms in the world nowadays is Binance.
However, if you wish to get started trading on it, the first thing you must do is to discover ways to buy WAM (WAM).
This post is intended to guide you about how to purchase WAM (WAM) on the Binance WAM (WAM) exchange.
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Be able to register on Binance
To be capable of buying WAM (WAM) on Binance, the vital thing you must know is definitely how to register.
Quick and easy registration: just follow the detailed instructions listed below.
On the Binance main page you have to locate the "Register" option and click on it.
Press here to go straight to the Binance platform.
In the Binance main page you’ll find a button with the label "Register with a phone or email". Click on it.
iOS phones or tablets can be used to do this as well.
In this article, we’ll will show you how to register using an e-mail address.
- In the screen you’ll immediately see, select your country of residence from the drop-down list.
- The next step is creating a safety password. This is vital since it’s all about your money, so you have to define a strong one
- Whether you would want to be updated periodically via email about Binance news, check in the corresponding box. Then 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
Check the inbox of the email address you used for registration and look for the activation code for your account. Type it in the corresponding line and press "Send"
You’re now a Binance subscriber!.
Now you can navigate the Binance platform and get to know all the options it offers.
This way you mayyou will be able to begin operating with WAM (WAM) very easily.
To have access to those options, the first thing you must do is fulfill the ID checking.
Warning: No WAM (WAM) trading will be allowed if you ignore this safety measure.
However, you don’t need to worry, read the next instructions to learn how to do it.
How to verify your Binance account and begin trading
To become a certified customer you have to complete the steps described below:
On the main screen, place the mouse pointer on the user profile button and a list will immediately appear where you will need to press "Security"
Another option is to go to the top of the screen and press the "Verify" button
Locate the option "Identification" on the left side of the screen.
Country of residence should be picked here.
Next you’ll will see 3 verification levels:
- The current one.
- The Verified.
- The Verified Plus.
To begin, select "Start now" located by the "Verified" level.
Then it shows a pop-up window where you will have to tytpe the following information:
- Nationality.
- First Name and Surname.
- Second name and birth date.
- Exact address of your residence.
The next step is to verify your identity with a legal document.
You can do this by using your ID card, passport, or license.
Follow the system requirements to take a selfie.
The final step is on Binance’s side: a corroboration process that will just take a while.
When your request has been accepted, you’ll be notified via e-mail, just be patient.
Upon receiving that email it’s time to acquire WAM (WAM), just follow the instructions below.
How to purchase WAM (WAM) on Binance
Starting your WAM (WAM) trading experience has never been so simple, right?.
In this segment you’ll see how simple is to buy a WAM (WAM).
It is time to sustain your identity with a legal document.
ID card, passport or even a license will be enough to fulfill this condition.
Now the system will ask you to take a selfie under certain conditions.
When you have fulfilled the platform’s guidelines, you’ll have to wait a short time while your account is verified.
All you have to do is be patient, Binance will send you an email when your application has been approved.
Congrats! Once you’ve got the confirmation you’re officially licensed to buy WAM (WAM). The following instructions will be helpful.
Learn to purchase WAM (WAM) on Binance
All right, account verified was all you needed to begin buying WAM (WAM) right now.
In this segment you’ll see how simple is to buy a WAM (WAM).
You will probably have different alternatives throughout the process
The "Buy cryptos" menu on the Binance homepage will be your reference at buying time.
Needless to say you must login to your account to be able to do this
See all the different buying options just by placing your mouse over this button.
Now you’ll have to to show a legal document to corroborate your identity.
ID card, passport or even a license are all valid documents to fulfill this formality.
Follow the system guidelines to take a selfie.
Now you will have to wait for a short period while an account confirmation process takes place.
So, wait patiently, Binance is going to send you an e-mail when your request has been accepted.
The following instructions will guide you through the WAM (WAM) purchasing process. As soon as you’ve got the confirmation email, you’ve become a Binance licensed WAM (WAM) trader.
Purchasing WAM (WAM) on Binance
Since you have subscribed to the platform and got your account verified, you’re able to begin trading.
In this segment you’ll realize how easy is to invest your money in WAM (WAM).
You will probably find more than one option throughout the process
Use the "Buy cryptos" menu on the Binance homepage to find out which options can be found when making a purchase.
Certainly, you’ll only be able to do this once you are logged in
Place your mouse over this option and a list of buying alternatives will be shown.
Making use of your credit or debit card for buying WAM (WAM)
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
These instructions will help you in the process:
Currency preferred and amount of the investment should be defined in the next box.
In the next field you should pick the WAM (WAM) you would like to buy
Considering the amount of USD you have previously specified, the platform will immediately display the number of WAM (WAM) you’ll receive.
Next, just carry out the following instructions:
In the next box, pick the currency you’d like to use and enter the amount you are going to invest.
In the second field you must pick the WAM (WAM) you intend to purchase
The number of WAM (WAM) you’ll be given will depend upon the amount of USD you have previously defined. The Binance platform will automatically display it.
Now select "Continue".
Now you must define your method of payment. To pay with a credit card, pick in the "Visa/Mastercard" field the option "Add card".
Then the system will ask you to enter your card details.
In this step you must write the address the credit card is associated to. Type it exactly as it is, then choose "Add card".
With this step, your card will be added to the valid methods of payment in your user profile. Click "Continue".
Next, all the relevant 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 get.
In fact, Binance will claim a small amount as a commission for making the operation, and that will be shown in that overview as well.
Now you have to accept the order clicking on the "Confirm" button during the next 60 seconds, or it will be automatically aborted.
The system will now reroute you to the bank issuing the credit card. Proceed just as you usually do when making a payment with your credit card on the bank website.
Once the banking process has been completed, you will get your purchased WAM (WAM) in your Binance e-wallet (referred to as the «Spot Wallet»)
Learn how to purchase WAM (WAM) via Binance P2P
You could buy WAM (WAM) not only via a direct purchase, but trading them «Person To Person»
with another Binance trader too. Method of payment is the first setting you should define.
The system will now show you the synthesis of the order you are creating. The sum your card will be charged in the currency you have selected, and the WAM (WAM) you will get.
Certainly, Binance will take a small amount as a commission for making the purchase, and it will be shown in that quick view as well.
Within the next 60 seconds press "Confirm", and then the order will be automatically canceled.
The platform will now send you to the bank issuing the credit card. There you would complete a standard on-line payment using your credit card.
After the banking procedure has been completed, you are already in possession of the purchased WAM (WAM) in your Binance e-wallet (referred to as the «Spot Wallet»)
Know how to purchase WAM (WAM) with Binance P2P
This means «Person To Person», i.e.: trading WAM (WAM)
with another Binance trader. Method of payment is the first setting you must specify.
- Go to the "Security" section of your profile.
- In the list on the left-hand side select "Payment".
- Select "Add a Payment Method" and the Binance system will guide you through the rest of the process.
Once you finished including the new method of payment to your account, move to the "Buy Crypto" menu (top part of the screen), pick the "Trading P2P" option, and follow the guidance below:
- Click on the "Buy" button found on the top bar of the "P2P Account" tab
- Here you can choose the WAM (WAM) you would like to buy, among all those available for purchase via P2P trading. We present «USDT» for this example.Any WAM (WAM) bought in P2P trading is allowed to be exchanged by any of the foreign currencies available on Binance.
- Choose the local currency you want to pay with from the drop-down list under the "Fiat" label, for instance, «VES».
- In the "Amount" box, input the sum in VES you intend to invest.
- Once you’ve stated the method of payment, the system will show you a register of traders’ offers.
- From the list displayed list, you may choose any of the sellers. Although it is recommendable to choose a verified one and better if a good percentage of completed sales is displayed.
- Click on "Buy USDT"
- Now the amount you would like to invest in VES must be input
- Select "Buy USDT" again
- A buying order has been created and the trader and you will be able to contact each other for details, in case you need it. You have a time limit to complete, otherwise the order will be shut down by the platform (and that’s bad for your reputation as a buyer). Once you paid, click on "Transferred, Next", then press "Confirm".
The right way to transfer your WAM (WAM) to the Spot Wallet
Cryptos will be released by the trader as soon as money reception validation has been done.
You may see your wallet Binance balance to confirm reception.
NB: you will have to send them to your Spot Wallet in order for you to get another cryptocurrency.
You can do this immediately right after the purchase order is completed just by clicking "Transfer to Spot Wallet".
This WAM (WAM) internal movement can be carried out anytime later.
Ways to transfer your WAM (WAM) to the Spot Wallet
Cryptocurrencies will be released by the seller as soon as payment reception acknowledge has been done.
So, they will automatically be deposited into your wallet.
Although, in case you would want to purchase any other WAM (WAM), you will have to transfer them to your Spot Wallet.
That’s quite simple: just press "Transfer to Spot Wallet" right after the purchase order has been completed.
If you didn’t do this, don’t be concerned, you can move the cryptos later.
- Click on "Wallet Funds" from the "Wallet" drop-down menu.
- Locate the "Transfer" button at the top right and press it.
- In the pop-up window, swap the «From» and «To» options so that it looks like this:
- From: Funds
- To: Fiat and Spot
- For The purpose of this article, we will use «USDT» as an example, but you’ll obviously select the currency you have
- Input the cryptos you are moving to the spot walet and click "Confirm".
That’s it! Now you will have money in the Spot Wallet so you will be able to trade any of the several of WAM (WAM) that the Binance platform has.
To buy WAM (WAM) from Binance what you just have to do is the following:
- Pick the "Trading" menu in the top panel.
- From that list select the "Convert" option.
- Enter the sum of «USDT» you would like to invest.
- Choose the cryptocurrency you wish to buy.
- Choose "Preview conversion".
- Confirm the operation and that’s all. Now you will have the amount of the chosen crypto in your Spot Wallet.
Perfect! Now you have money available to buy any of the huge selection of WAM (WAM) in the Binance platform.
Buy any cryptocurrency from Binance just following the steps described below:
- In the upper section, loate the "Trading" menu.
- Choose "Convert" from the list.
- Input the sum of «USDT» you would like to invest.
- Now indicate the crypto you’re interested in.
- Choose "Preview conversion".
- Confirm the operation and that’s all. Now you will have the amount of the selected cryptocurrency in your Spot Wallet.
You’ve already learned how easy is to commence trading WAM (WAM) on Binance.
So, no need to think twice, make a profitable business in the Binance platform.