Buying Wrapped BNB (WBNB) on Binance
You can find a lot of trading platforms on the WWW nowadays, but clearly Binance is among the most popular and innovative.
Therefore, the first thing you have to to do if you wish to start out operating on it is to discover ways to purchase Wrapped BNB (WBNB).
For this reason, on this page we’ll try to give you all what you need to know to buy Wrapped BNB (WBNB) on the Binance cryptocurrency exchange.
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Discover ways to register on Binance
There’s only way to begin trading within the Binance platform: opening an account in it.
Simply follow each of the guidelines listed below.
Search for the "Register" option in the Binance homepage and press on it to start the registration process.
You can log in directly by clicking here.
In the Binance main page you’ll find a button named "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 article, the e-mail address subscription process will be shown.
- First, select the country from the drop down list according to the one you’re living in.
- Now the extremely important step: password. Create an alphanumeric word difficult enough not to be easily deducted. Never use your name, birth date or things like that. Bear in mind that it’s your cash what will have to be protected by that password
- Choose whether you want to receive information and news directly from Binance to your email address. Accept the "Terms of Service" and press "Create Account"
The Binance platform will automatically send a one-time-only activation keycode (remember: this is NOT your password) that you’ll write it in the corresponding box, then click on "Send"
And that’s all! You are now and authorized subscriber of Binance.
It would be a good idea to navigate through the different options of the Binance platform and become familiar with them.
You’ll immediately notice how easy is to start operating with Wrapped BNB (WBNB).
The identity verification is a mandatory step you have to complete to have access to all these options.
Warning: No Wrapped BNB (WBNB) trading will be allowed if you omit this safety step.
However, you don’t need to worry, continue reading the next paragraphs to learn how to do it.
Verify your Binance account to get started on trading
To become a certified user you have to complete the steps below:
Pick "Security" from the drop-down list under the user profile button
You can also click the "Verify" button at the top of the navigator window
In the list shown on the left-hand side of the screen, press on the "Identification" option.
Choose the Country of Residence.
It will show you three levels of verification: the one you already have, the Verified, and the Verified Plus.
Begin by pressing "Start now" located by the "Verified" level.
At this point, some personal information is required:
- Nationality.
- First Name and Last name.
- Second name and birth date.
- Residence address (exact).
- Second name and birth date.
- Second name and date of birth.
Now you’ll need to provide a legal document to verify your identity.
ID card, passport or even a license will be enough to complete this requirement.
Now the platform will require you to take a selfie following certain instructions.
The final step is on Binance’s side: a corroboration process that will just take a while.
Now be patient, Binance will send you an email when your profile has been accepted.
Upon receiving that email it’s time to get Wrapped BNB (WBNB), to do so see the instructions below.
Purchasing Wrapped BNB (WBNB) on Binance
All right, account verified was all you needed to begin purchasing Wrapped BNB (WBNB) right now.
Take a time to discover how to buy a Wrapped BNB (WBNB).
Here, the Binance platform will ask you to provide a legal document for identity corroboration.
You can do this by using your passport, ID card, or driver’s license.
Now the platform will require you to take a selfie following certain guidelines.
Now you will have to wait for a short period while an account confirmation process is performed.
As soon as your application has been accepted, you’ll be notified via e-mail, just be patient.
Congratulations! Once you’ve received the confirmation you’re officially enabled to buy Wrapped BNB (WBNB). The following instructions will be helpful.
How to purchase Wrapped BNB (WBNB) on Binance
OK, account approved means you can begin purchasing Wrapped BNB (WBNB) right now.
In this segment you’ll see how easy is to invest your money in Wrapped BNB (WBNB).
Take into account that you may find more than one option for this process
To know which alternatives you have when making a purchase, see the "Buy cryptos" menu on the Binance homepage.
Needless to say you must log into your account to be able to do this
Uncover all the different buying options just by hovering your mouse over this button.
Now you’ll need to show a legal document to corroborate your identity.
You can do this by using your passport, ID card, or driver’s license.
Now, you will be asked to take a selfie, according to the application’s guidance.
Once those requirements have been completed, the Binance platform will do a verification process on your account.
Now you must wait until your application has been accepted. Be patient, the platform will let you know via email.
Congratulations! As soon as you’ve received the confirmation you’re officially licensed to trade Wrapped BNB (WBNB). See the guidelines that follow.
Purchasing Wrapped BNB (WBNB) on Binance
Starting your Wrapped BNB (WBNB) trading career has never been so simple, right?.
First you need to learn how to convert money into Wrapped BNB (WBNB).
Take into account that you have different alternatives for this process
Browse through the "Buy cryptos" menu on the Binance homepage to know which alternatives you have when making a purchase.
Obviously, you’ll only be able to do this once you are logged in
Placing your mouse pointer over this key will show a list of alternatives to make your purchase.
Buying Wrapped BNB (WBNB) with a credit/debit card
The first thing you will do to buy the Wrapped BNB (WBNB) you want using a credit card, should be to choose this option from the "Buy Cryptos" drop-down list.
Next, just observe these guidelines:
Now you must select the currency you’d like to use and specify how much you want to invest.
The the Wrapped BNB (WBNB) you intend to buy should be chosen from the second field
After you do so, the platform will immediately show you the number of Wrapped BNB (WBNB) you will be given, according the amount of USD you have previously defined.
Keep on reading for further directions:
Now you must select the currency you wish to use and type the amount you are going to invest.
Next, choose the Wrapped BNB (WBNB) you’re going to buy
Considering the amount of USD you have previously invested, the platform will automatically show you the number of Wrapped BNB (WBNB) you’ll receive.
Click "Continue".
Now it’s time to specify the method of payment you’ll use. To pay with your credit card, choose in the "Visa/Mastercard" field the option "Add card".
Then the platform will ask you to indicate your CC details.
Your credit card’s address must be specified next. Be very careful, since you must type it exactly as it is, otherwise the card might not be admitted. Then choose "Add card".
With this step, your card will be added to the payment methods in your user profile. Click "Continue".
Next, all the important details of the operation will be presented: the sum you’ll pay and the corresponding currency, and obviously, the cryptos you will receive.
It will also indicate the commission will be charged for the operation.
You have 1 minute to press "Confirm", otherwise the order will automatically expire.
After this, you will be redirected towards the banking platform the credit card has been issued by. Proceed exactly as you usually do when making a payment using your credit card on the bank website.
When the banking procedure is complete, you are already in possession of the purchased Wrapped BNB (WBNB) in your Binance e-wallet (referred to as the «Spot Wallet»)
Buy Wrapped BNB (WBNB) with Binance P2P
This is a transaction made «Person To Person», i.e.: exchanging Wrapped BNB (WBNB)
with another Binance subscriber. To achieve this, the first step is to add which payment method you would want to make use of.
The platform will now show you the details of the purchase order you are about to complete. The amount you will pay with the currency you’ve chosen, and the Wrapped BNB (WBNB) you will be given.
Another detail of relevance in this quick view is the sum Binance will charge you as a commision for making the operation.
In less than 1 minute click on "Confirm", there after the order will be automatically terminated.
The system will now redirect you to the bank issuing the credit card. Proceed just as you usually do when making a payment using your card on the bank website.
You can check your Binance digital wallet (called the «Spot Wallet») as soon as the banking process has been completed to find your recently purchased Wrapped BNB (WBNB) already there
Purchase Wrapped BNB (WBNB) with Binance P2P
A different way to purchase crypto is to trade it
with another user. To do this, the first step is to define the payment method you want to make use of.
- Go to the "Security" section of your profile.
- Look for the "Payment" option in the menu you’ll see on the left-hand side of the screen and select it.
- Select "Add a Payment Method" and the system will guide you through the rest of the process.
Once you have added the new payment method to your profile, move to the "Buy Crypto" menu (upper part of the screen), pick the "Trading P2P" button, and follow the guidance below:
- On the top bar of the "P2P Account" tab, pick "Buy"
- The complete set of Wrapped BNB (WBNB) available for buying via P2P operations will be shown in this list, so you will be able to pick the one you’re interested in. In this guide, we present «USDT».Purchasing any crypto through P2P trading will allow the trader to exchange it on the Binance platform for any of the currencies available.
- Choose the local currency you want to use from the drop-down menu under the "Fiat" column, for example, «VES».
- Now you need to indicate the sum in VES you’d like to use in the "Amount" box.
- Indicate the payment method and wait for the system to display the register of the dealers’ ads.
- Any of the sellers shown in the list can be chosen, but it is advisable to select a verified one (with the blue diamond mark), and better, a high-volume seller (gold star marking).
- Press "Buy USDT"
- Write the amount in VES you would like to invest
- Again, select "Buy USDT"
- A purchase order has been opened and the trader and you will be able to contact each other for further details, if needed. You have a time limit to pay, otherwise the order will be aborted by the platform (and that’s bad for your reputation as a buyer). Once you paid, press "Transferred, Next", then press "Confirm".
How you can transfer your Wrapped BNB (WBNB) to the Spot Wallet
Cryptocurrencies will be released by the seller as soon as money reception validation has been done.
The place where Wrapped BNB (WBNB) are transferred to is your account wallet.
Take into account that your Wrapped BNB (WBNB) 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, all you have to do is press "Transfer to Spot Wallet" right after the buying order is completed.
If you forget to follow this step right after the purchase, there’s nothing to worry about: you’ll always be able to do it later.
How to transfer your Wrapped BNB (WBNB) to the Spot Wallet
Once you have completed a payment to the seller, they are going to release the Wrapped BNB (WBNB), by confirming payment reception.
You may see your wallet account balance to confirm reception.
Nonetheless, you will have to send them to your Spot Wallet in order for you to purchase another crypto.
That’s quite simple: just press "Transfer to Spot Wallet" once the buying order has been completed.
If you didn’t do this, don’t get worried, you can do it at any other time.
- Click on "Wallet Funds" from the "Wallet" drop-down list.
- The "Transfer" option is located on the upper right area of the screen. Press it.
- Configure the «From» and «To» options on the pop-up window to:
- From: «Funds»
- To: «Fiat and Spot»
- Select the currency in which you have money, in the example in this article we use «USDT»
- Type the amount you are transferring for the Exchange and press "Confirm".
That’s all! Now you will have money in the Spot Wallet and you will be able to trade any of the numerous Wrapped BNB (WBNB) within the Binance platform.
To purchase Wrapped BNB (WBNB) from Binance all you have to do is described below:
- In the top section, select the "Trading" menu.
- Select "Convert" from the list.
- Fill in the box the amount of «USDT» you want to spend.
- Now indicate the crypto you’re about to buy.
- Select "Preview conversion".
- Validate the operation and that’s it. Now you will have the amount of the chosen crypto in your Spot Wallet.
That’s it! This way you will have funds in the Spot Wallet and you will be able to trade any of the huge selection of Wrapped BNB (WBNB) within the Binance platform.
Buy any crypto from Binance just following the steps detailed next:
- In the top section, find the "Trading" option.
- Pick "Convert" from the list.
- Type the sum of «USDT» you want to invest.
- Select the crypto you intend to get.
- Choose "Preview conversion".
- Confirm the operation and that’s it. You now will have the amount of the chosen crypto in your Spot Wallet.
You’ve already learned how easy is to start doing business with Wrapped BNB (WBNB) on Binance.
Don’t wait any more and begin generating some extra money.