Learn how to purchase SYL (SYL) on Binance
You can find many trading platforms on the ’net nowadays, but without a doubt Binance is one of the most popular and innovative.
Understanding how to buy SYL (SYL) is crucial if you wish to begin trading on that platform.
For this reason, in this post we’ll give you all what you need to know to trade with SYL (SYL) on the Binance cryptocurrency platform.
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Understand how to register on Binance
The only way to get started in trading on the Binance platform is registering to it.
Subscribing the Binance platform is simple: check the following guidelines.
Search for the "Register" button in the Binance main page and click on it to begin the registration process.
You can access directly by pressing here.
In the Binance homepage you’ll see a button named "Register with a phone or email". Click on it.
You can also do this using your Apple tablet.
For the purpose of this post, the email address registration process will be shown.
- From the drop-down list of countries, pick the one you’re living in.
- Following, enter your email address and a keycode. Be well aware that you are going to invest money, so you should give relevance to the password you select
- Here you must accept "Terms of Service" and, if you would want to receive information, news and updates from Binance in your email address, click in the corresponding box
See the inbox at the e-mail address you used for sign up and look for the activation code for your account. Write it in the corresponding box and click on "Send"
You’re now a Binance user!.
You’ll see it’s simple to navigate the Binance platform and get to know all the options it has to offer.
You’ll discover how easy is to begin trading SYL (SYL).
To have access to those options, the first thing you need to do is complete the identity verification.
Please, note that it will be only after you have fulfilled this security step that you’ll be able to begin operating with SYL (SYL).
However, you don’t need to worry, continue reading the following section to learn how to do it.
Verify your Binance account to start out trading
These are the instructions to verify your Binance subscription and get authorized to start operating:
From the user profile menu, click on "Security"
You may also click the "Verify" button at the top of the screen
In the list shown on the left-hand side of the navigator window, select the "Identification" option.
Choose the Country of Residence.
The platform will display you three verification levels: the current one, the Verified, and the Verified Plus.
To begin, you must choose "Verified", pressing the "Start now" option below it.
At this point, the subscriber is asked to provide some personal data:
- Nationality.
- First Name and Surname.
- Second name and date of birth.
- Residence address (exact).
- Middle name and birth date.
- Second name and date of birth.
Next, you’ll have to to use a legal document to support your identity.
ID card, passport or even a license are all valid documents to complete this requirement.
Follow the system guidelines to take a selfie.
Now you’ll have to wait for a short period while an account verification process is performed.
Now you must wait until your profile has been approved. Be patient, the system will send you an e-mail.
Congrats! Once you’ve got the confirmation you’re officially licensed to operate with SYL (SYL). See the guidelines that follow.
Purchasing SYL (SYL) on Binance
OK, account confirmed was all you needed to begin purchasing SYL (SYL) right now.
Learning how to make a purchase of SYL (SYL) is not that hard.
It is time to support your identity using a legal document.
You can do this by using your passport, ID card, or driver’s license.
Now the platform will ask you to take a selfie under certain conditions.
The final step will be carried out by the Binance system: a confirmation process that will take only a short time.
Now you have to wait until your profile has been approved. Be patient, the system is going to send you an email.
Congrats! Now you’re officially licensed to trade SYL (SYL). The following instructions will be helpful.
Purchasing SYL (SYL) on Binance
So, account validated was all you needed to begin purchasing SYL (SYL) immediately.
Learning how to buy a SYL (SYL) is actually quite easy.
Be aware that you may find different options for this process
The "Buy cryptos" menu on the Binance homepage will be your reference at buying time.
Certainly, you’ll only be able to do this after you’ve logged in
Placing your mouse pointer over this option will display a list of alternatives for making your purchase.
Next, you’ll have to to use a legal document to verify your identity.
You can do this with your ID card, passport, or license.
Now the platform will require you to take a selfie following certain instructions.
After fulfilling all those requisites, the Binance system will perform a verification process on your account.
Now you have to wait until your profile has been accepted. Be patient, the platform is going to send you an e-mail.
The following instructions will guide you through the SYL (SYL) buying process. As soon as you’ve got the confirmation e-mail, you have become a Binance licensed SYL (SYL) trader.
How to buy SYL (SYL) on Binance
Starting your SYL (SYL) trading career has never been so simple, right?.
Take a time to learn how to buy a SYL (SYL).
Be aware that you may have more than one option for this process
The "Buy cryptos" menu on the Binance main page should be your reference at buying time.
You need to, of course, make this happen once you are signed into your account
Place your mouse on this option and a list of buying alternatives will be shown.
Buying SYL (SYL) with a credit/debit card
Choose the credit card-related option from the "Buy Cryptos" drop-down list.
Keep on reading for further instructions:
In the next box, pick the currency you’d like to use and type how much you want to invest.
The the SYL (SYL) you intend to buy should be chosen from the second field
The quantity of SYL (SYL) you’ll be given will depend upon the amount of USD you have previously indicated. The Binance platform will automatically display it.
The following instructions will help you in the process:
Now you must choose the currency you’d like to buy with and specify the amount you are going to invest.
In the second field you must choose the SYL (SYL) you’d like to purchase
After you do so, the platform will immediately show you the number of SYL (SYL) you are going to receive, according the amount of USD you have previously stated.
Click "Continue".
Now you must define the method of payment you’ll use. To pay with a credit card, select in the "Visa/Mastercard" field the button "Add card".
CC data must be typed in this step, then press "Next".
Your credit card’s associated address must be indicated next. Be very careful, since you must enter it exactly as it is, otherwise the card could not be accepted. Then press "Add card".
When you see your new card has been included, click on "Continue".
Next, all the important details of the transaction will be summarized: the sum you’ll pay and the corresponding currency, and of course, the cryptos you are going to receive.
It will also state the commission you need to pay for the transaction.
Now you must validate the order pressing the "Confirm" button within the following minute, or it will be automatically aborted.
The Binance platform will now send you to the credit card issuing bank. Proceed just as you do when making a payment using your credit card on the bank website.
Your recently bought SYL (SYL) will be available in your Binance digital wallet (called the «Spot Wallet») once the banking procedure is complete
Buy SYL (SYL) with Binance P2P
A different way to get a cryptocurrency is to trade it
with another subscriber. You should indicate which payment method you wish to make use of first.
Next, all the relevant details of the transaction will be displayed: the amount you’ll pay and the corresponding currency, and of course, the cryptos you are going to get.
It will also let you know the commission will be charged for the operation.
At this point you have 60 seconds to press "Confirm", otherwise the order will automatically expire.
Next, you’ll be redirected towards the site of the credit card issuing bank. Then you would complete a normal online payment with your credit card.
You can take a look at your Binance digital wallet (referred to as the «Spot Wallet») after the banking process has been completed to see your recently purchased SYL (SYL) already credited
Purchase SYL (SYL) through Binance P2P
You can get SYL (SYL) not only via a direct purchase, but trading them «Person To Person»
with another Binance subscriber as well. To do this, the first step is to specify which payment method you would want to use.
- Go to "Security" in your profile.
- Look for the "Payment" option in the menu you’ll see from the menu on the left and select it.
- Select "Add a Payment Method" and the Binance platform will guide you through the rest of the procedure.
After the new payment method has been included in your account, look for the "Buy Crypto" menu on the top bar of the navigator, press on the "Trading P2P" option and follow the guidelines described below:
- On the upper bar of the "P2P Account" menu, pick "Buy"
- Here you can pick the SYL (SYL) you would like to buy, among all those available for buying via P2P trading. We will use «USDT» for this example.Any SYL (SYL) bought through P2P trading is allowed to be exchanged by any of the foreign currencies approved by Binance.
- Locate the "Fiat" label on the top menu and deploy the drop-down list to see all valid currencies. We’ll use «VES» in this example.
- Use the "Amount" box to indicate the sum in VES you’d like to invest to purchase SYL (SYL).
- Choose the method of payment and wait for the system to show you the list of the dealers’ ads.
- Locate a seller from the list shown. We advise that you choose a verified one with a high percentage of sales completed.
- Press "Buy USDT"
- Write the amount in VES you would like to pay
- Again, select "Buy USDT"
- Doing so will open an order where you will have contact with the seller. Pay within the time limit and press "Transferred, Next" and then press "Confirm".
How you can transfer your SYL (SYL) to the Spot Wallet
The trader, upon receiving your payment, will instantly release the SYL (SYL).
You may see your wallet Binance balance to confirm reception.
Note that you must move them to your Spot Wallet in case you want to purchase any other crypto.
That’s easy: just press "Transfer to Spot Wallet" immediately after the buying order is completed.
This SYL (SYL) internal transfer can be done anytime later.
The right way to transfer your SYL (SYL) to the Spot Wallet
Cryptocurrencies will be released by the seller as soon as money reception validation has been done.
The place where SYL (SYL) are transferred to is your account wallet.
But in order for you to purchase any other SYL (SYL), you will need to transfer them to your Spot Wallet.
To accomplish this, you only need to press "Transfer to Spot Wallet" immediately after the buying order is completed.
In the event you didn’t do this, don’t worry, you can do it at any other moment.
- Hover the mouse over "Wallet" and select "Wallet Funds" from the drop-down list.
- Locate the "Transfer" button at the top right and click on it.
- In the pop-up window, change the «From» and «To» options to the following settings:
- From: Funds
- To: Fiat and Spot
- For this post, we use «USDT» as an example, but you’ll obviously select the currency you have
- Type the amount you are about to move to the spot walet and click "Confirm".
That’s all! This way you will have funds in the Spot Wallet so you will be able to purchase any of the huge selection of SYL (SYL) that the Binance platform has.
To buy SYL (SYL) from the Binance platform all you have to do is described below:
- Pick the "Trading" menu in the upper panel.
- From that listing choose the "Convert" option.
- Enter the amount of «USDT» you would like to spend.
- Choose the cryptocurrency you wish to buy.
- Press "Preview conversion".
- Validate the operation and that’s all. You will have the amount of the chosen cryptocurrency in your Spot Wallet.
That’s all! Now you will have funds in the Spot Wallet so you will be able to purchase any of the huge selection of SYL (SYL) within the Binance platform.
To buy SYL (SYL) from Binance all you have to do is the following:
- In the top section, find the "Trading" option.
- From the listing select the "Convert" option.
- Enter the sum of «USDT» you wish to spend.
- Now indicate the crypto you’re interested in.
- Press "Preview conversion".
- Confirm the transaction and that’s all. You now will have the amount of the chosen crypto in your Spot Wallet.
This text surely pictured you a wide panorama of what Binance is and how you can trade SYL (SYL) on it.
So, no need to think twice, make a profitable business in the Binance platform.