Are you looking for? How to buy Cryptocurrencies from Binance but you don't know how? In today's article I will show you one of the best step-by-step ways to do it.
Let's get straight to the point.
To buy cryptocurrencies you must be registered with an exchange.
One of the best exchanges to buy cryptocurrencies is Binance.
If you want to know more information about the exchange, I have written a detailed guide for What is Binance exchange? or you can watch the video in Greek on Youtube.
Table of Contents
How to register in Binance
First, to get started, you will need to create an account on the Binance exchange.
From here with your registration you will get -10% discount on fees you.
Then you will involve the country where you are and you will step confirm.
(If you have difficulty with English you can go up and right where he will write english you can put the Greek language).
After you press the confirm It will ask you to choose the account category you want.
Personally I will choose Creating a personal account You will put what you want.
Immediately after that, on the next page, you will enter your email and security code and click the next button.
Then, it will ask you to verify your email and phone number and finally, it will ask you for an ID and proof of residence.
The easiest way is to send a bank statement from revolut in English and they will accept you directly.
Now you will ask me why should I send bank statement;
To know, certification is necessary because imagine Binance as a cryptocurrency bank.
She needs to know her back and if something happens, you need to be able to prove that you are the account administrator.
How to Buy Cryptocurrencies on Binance
You just have verify your account, to buy cryptocurrencies from Binance you can do it in two ways.
Let's look at the first way.
Buying Cryptocurrencies with a Card:
On the home page you will click on the category Buy Crypto EUR >> Credit / Debit Card and you will put in Spend What currency do you want to pay in? Euros, Dollars etc.
In the category below you will choose which cryptocurrency you want to buy.
Now if the currency that you want to buy It's not there, but it's on Binance. I'll show you how to buy it later.
Immediately afterwards, for educational reasons, I will choose to buy the cryptocurrency Bitcoin
It will then ask you to enter your card.
You can choose any card you want, personally I buy with revolut card visa, because many Greek banks have issues.
and you will press it continue button and that was it you have buy your first cryptocurrency on the Binance exchange and it is Bitcoin.
The second way to buy cryptocurrencies on Binance is a little different.
Let's go see it right away.
Buy Cryptocurrencies on Binance with SEPA
The next way is by bank transfer method KNOW.
you will go to the Buy category Crypto EUR >> Deposit you will select your local currency and click keep on going.
You will enter the money you want to send and press the button. keep on going.
And you will send the money to this account that shows it to you with the Refence code Just give it to the beneficiary and within a few hours the money will arrive.
How to Trade Various Cryptocurrencies
The first thing you need to do to buy a cryptocurrency is to go to coinmarketcap and you will click on a currency you want to buy, for example I will search for VIDT.
Then you will go to market category and you will see if the token exists on Binance or not
Example: You see that the token is traded with 3 currencies. USDT, BTC, BUSD, and there is no EUR anywhere, so to buy VIDT you will have to follow the first process we did above.
Otherwise you will have to convert EUR to USDT to complete the purchase.
So after you've bought the USDT or you converted EUR to USDT you will go to the category Trade >> Advanced and it will show you on the Bitcoin (BTC) chart.
You will click on BTC/USDT and in the search you will write FAR or depending on the crypto you want to buy and you will choose the category VIDT / USDT.
Once you click on the category vidt / usdt He will put it on your chart. vidt / usdt and the top right will have the category Spot you will choose Buy and then it has three categories.
- Limit
- Basket Market
- Stop Limit
you will choose Buy Brand you will put the money you want to buy the token and you will press the button buy Vidt and the USDT will be immediately removed and you will have VIDT tokens in your wallet.
How to Sell Cryptocurrencies
The process to sell a cryptocurrency on Binance it's exactly the same as buying, just instead of buy you will put the option sell you will choose 100% or you will put the tokens you have purchased and you will press Sell Vidt button
This was the guide for how to buy cryptocurrencies on Binance exchange I hope you found it easy and that I helped.
If you want, you can share this guide with someone who wants to start in cryptocurrencies.
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