How to buy Yolo (YOLO) on the Binance platform
Undoubtedly one of the world’s most reputed trading platforms nowadays is Binance.
Understanding how to buy Yolo (YOLO) is vital in case you want to get started on operating on that platform.
Keep on reading this article and you will find all what you need to know about buying crypto on Binance.
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Be able to register on Binance
To be able to buy Yolo (YOLO) on Binance, the first thing you must know is certainly how to open your account.
No complicated registration: just follow the detailed guidelines listed below.
Search for the "Register" button in the Binance homepage and press on it to begin the registration process.
Press here to go straight to the Binance platform.
In the Binance homepage you’ll see a button labeled "Register with a phone or email". Press it.
iOS tablets or phones can be used as well.
For the purpose of this guide, the email address subscription process will be explained.
- First, select the country from the drop-down list according to your place of residence.
- Now the vital part: password. Select an alphanumeric word rare enough not to be simply guessed. Don’t use your name, birth date or things like that. Be well aware that it’s your property what will have to be secured by that password
- If you wish to be informed periodically via e-mail about Binance news, mark in the corresponding option. Next, you must accept the "Terms of Service" and that’s almost all. Your account has been created Next step is the e-mail verification
The Binance platform will automatically send a one-time-only activation keycode (remember: this is NOT the password you’ve created) that you’ll write it in the corresponding box, then press "Send"
And that’s it! You are now signed up with Binance.
It is a good idea to browse the different areas of the Binance platform and become familiar with them.
You’ll discover how simple is to start trading Yolo (YOLO).
Fulfill the required ID checking to enable all these options.
Please, note that it will be only after you have fulfilled this security step that you’ll obtain permission to start trading Yolo (YOLO).
In the next paragraphs, you’ll see how to do that. Zero problems.
Verify your Binance account to begin trading
To become a certified subscriber you must follow the steps described below:
On the main screen, place the mouse pointer on the user profile menu and a list will immediately appear where you will need to press "Security"
You can also press "Verify" button at the top of the navigator window
Locate the option "Identification" on the left part of the navigator window.
Country of residence is the first thing you must pick.
You’ll will find three verification levels:
- The one you already have.
- The Verified.
- The Verified Plus.
Here you should select "Verified", clicking on the "Start now" option below that label.
At this point, the user is required to enter some personal data:
- Nationality.
- First and Last Name.
- Middle name and birth date.
- Exact address of your residence.
- Middle name and date of birth.
- Middle name and date of birth.
Next, you’ll need to show a legal document to check your identity.
Use your ID card, passport or even your license to complete this step.
Now the platform will ask you to take a selfie following certain guidelines.
The last step will be made by the Binance platform: a corroboration process that will take only a short time.
Now be patient, Binance will let you know via e-mail when your application has been accepted.
Upon receiving that email it’s time to get Yolo (YOLO), just follow the instructions below.
How to buy Yolo (YOLO) on Binance
Since you have registered on the platform and got your account validated, you’re able to begin trading.
In this section you’ll learn how easy is to invest your money in Yolo (YOLO).
Here, the Binance platform will ask you to use a legal document for identity corroboration.
Use your ID card, passport or even your license to complete this step.
Now, you will have to take a selfie, following the application’s requirements.
After fulfilling all those requisites, the Binance system will carry out a confirmation process on your account.
When your application has been accepted, you will be informed via email, just be patient.
Congrats! Now you’re officially authorized to operate with Yolo (YOLO). See the guidelines that follow.
Purchasing Yolo (YOLO) on Binance
All right, account approved was all you needed to begin buying Yolo (YOLO) right now.
Understanding how to buy a Yolo (YOLO) is not so difficult.
Some processes might have optional paths
The "Buy cryptos" menu on the Binance homepage should be your reference when making a purchase.
Needless to say you must log into your account to be able to do this
Place your mouse over this button and a list of buying alternatives will deploy.
The next step is to verify your identity using a legal document.
You can do this with your ID card, passport, or driver’s license.
Follow the system guidance to take a selfie.
After fulfilling all those requisites, the Binance system will perform a verification process on your account.
Now you must wait until your request has been accepted. Be patient, the platform will let you know via e-mail.
Congratulations! As soon as you’ve received the confirmation you’re officially licensed to trade Yolo (YOLO). See the guidelines that follow.
Purchasing Yolo (YOLO) on Binance
Beginning your Yolo (YOLO) trading adventure has never been so simple, right?.
The first step is to learn how to invest your money in Yolo (YOLO).
Some processes may have alternative paths
To find out which alternatives you have when making a purchase, see the "Buy cryptos" menu on the Binance homepage.
Needless to say you must be logged into your account to be able to do this
Hover your mouse on this key and a list of buying alternatives will deploy.
Did you know you could use your credit or debit card for buying cryptocurrencies?
Go to the "Buy Cryptos" and select the credit card-related option from the menu.
Continue reading for further instructions:
Currency preferred and amount of the investment should be indicated here.
Next, pick the Yolo (YOLO) you are going to buy
Depending on the amount of USD you have recently specified, the platform will automatically show you the quantity of Yolo (YOLO) you’ll get.
Read on for detailed guidelines:
Now you must choose the currency you want to buy with and specify the amount you want to invest.
In the next field you should choose the Yolo (YOLO) you intend to get
Considering the amount of USD you’ve recently stated, the platform will automatically display the quantity of Yolo (YOLO) you will be given.
Press "Continue".
In case you want to pay with a credit card, pick in the "Visa/Mastercard" box the button "Add card".
Then the platform will prompt you to indicate your CC details.
In this step you must enter the address the credit card is associated to. Type it exactly as it is, then choose "Add card".
Press "Continue" after you see your card has been successfully included in your account as a new method of payment.
Next, all the relevant details of the operation will be presented: the amount you will pay and the corresponding currency, and obviously, the cryptos you are going to receive.
Another detail of relevance in this overview is the amount you’ll be charged as a commision for making the purchase.
You have 1 minute to click on "Confirm", otherwise the order will automatically expire.
Next, you’ll be sent towards the site of the credit card issuing bank. Proceed exactly as you usually do when making a payment with your card on the bank website.
As soon as the banking process is complete, you’ll get your purchased Yolo (YOLO) in your Binance digital wallet (referred to as the «Spot Wallet»)
Buy Yolo (YOLO) through Binance P2P
That is a transaction made «Person To Person», i.e.: trading Yolo (YOLO)
with another Binance subscriber. Payment method is the first parameter you will indicate.
The next screen will display a summary of the operation in its final stage. It includes the sum you are paying, the chosen currency and the amount of Yolo (YOLO) purchased.
It will also indicate the commission will be charged for the purchase.
Now you have to acknowledge the order pressing the "Confirm" button during the following 60 seconds, or it will be automatically aborted.
The Binance platform will now send you to the credit card issuing bank. Proceed just as you usually do when making a normal on-line credit card payment.
You can take a look at your Binance digital wallet (called the «Spot Wallet») when the banking procedure has been completed to see your recently purchased Yolo (YOLO) already there
Purchase Yolo (YOLO) through Binance P2P
This is a transaction made «Person To Person», i.e.: exchanging Yolo (YOLO)
with another Binance user. To get this done, the first step is to state which payment method you want to apply.
- Select "Security" in your profile.
- Look for the "Payment" option in the menu you’ll see from the menu on the left and click on it.
- Select "Add a Payment Method" and the Binance system will guide you through the rest of the process.
Once you have configured the new payment method to your account, go to the "Buy Crypto" menu (top part of the screen), select the "Trading P2P" button, and follow the instructions below:
- Locate the "Buy" option on the upper bar of the "P2P Account" tab and click it
- Here you can choose the Yolo (YOLO) you’re interested in, among all those available for purchase via P2P trading. We use «USDT» in this guide.It is important to note that once you purchase any crypto through P2P trading, you will be able to exchange it for any of the currencies valid in the Binance platform.
- Select the local currency you want to pay with from the drop-down menu under the "Fiat" column, for instance, «VES».
- In the "Amount" box, input the amount in VES you intend to invest.
- Once you’ve chosen the method of payment, the system will show you a list of dealers’ ads.
- From the list displayed list, you may pick any of the sellers. It is recommendable to select one with the «Verified» mark and better if a high percentage of completed sales is displayed.
- Next click on "Buy USDT"
- In this step, the amount you would like to pay in VES must be entered
- Again, click on "Buy USDT"
- A purchase order has been generated and the trader and you will be able to contact each other for further details, if needed. You have a limited time to complete, otherwise the order will be aborted by the system (and that’s not good for your reputation as a buyer). Once you paid, click on "Transferred, Next", then press "Confirm".
The right way to transfer your Yolo (YOLO) to the Spot Wallet
After you have made a payment to the seller, they will be able to release the Yolo (YOLO), by confirming receipt of the payment.
You may check your wallet Binance balance to confirm reception.
NB: you will have to send them to your Spot Wallet in order for you to purchase any other crypto.
To do this, all you have to do is click on "Transfer to Spot Wallet" right after the purchase order has been completed.
If you didn’t follow this step, don’t get worried, you can do it at any other time.
How you can transfer your Yolo (YOLO) to the Spot Wallet
After you have made a payment to the seller, they will release the Yolo (YOLO), by confirming receipt of the payment.
This way, they will automatically be deposited into your wallet.
But in order for you to get another Yolo (YOLO), you must send them to your Spot Wallet.
To achieve this, all you have to do is press "Transfer to Spot Wallet" once the buying order is completed.
In the event you didn’t follow this step, don’t fear, you can move the cryptos later.
- Drop the "Wallet" menu down and select the "Wallet Funds" option.
- The "Transfer" option is located at the top right. Press it.
- In the pop-up window, change the «From» and «To» options to the following settings:
- From: "Funds"
- To: "Fiat and Spot"
- For The purpose of this post, we will use «USDT» as an example, but you’ll obviously select the currency you have
- Set the amount you are transferring to the spot walet and press "Confirm".
With these funds already in your Spot Wallet, don’t fear to purchase any crypto you believe could yield the highest profit.
To buy Yolo (YOLO) from Binance all you have to do is the following:
- Pick the "Trading" option in the upper section.
- From the list choose the "Convert" option.
- Input the sum of «USDT» you would like to spend.
- Now select the cryptocurrency you’re interested in.
- Click on "Preview conversion".
- Validate the transaction and that’s all. You now will have the funds of the chosen cryptocurrency in your Spot Wallet.
That’s all! Now you will have money in the Spot Wallet so you will be able to trade any of the numerous Yolo (YOLO) within the Binance platform.
To buy Yolo (YOLO) from the Binance platform all you have to do is described below:
- Look for the "Trading" option in the top top panel.
- Pick "Convert" from the list.
- Indicate the sum of «USDT» you would like to spend.
- Choose the cryptocurrency you wish to purchase.
- Select "Preview conversion".
- Confirm the operation and that’s it. You will have the amount of the selected cryptocurrency in your Spot Wallet.
You’ve already seen how simple is to begin doing business with Yolo (YOLO) on Binance.
The future of money trading relies on Yolo (YOLO)., and Binance is a safe and friendly environment to do business. Start right now!