How To Buy Bitcoin in Binance?
About Binance
Binance is the most popular and widely used crypto exchange platform on the market. It offers numerous benefits and is considered as one of the most reputable and trustworthy sites. Today we will know the steps about how to buy Bitcoin in Binance.
Buying Bitcoin is not expensive, and with Binance, you can buy a fraction of one Bitcoin at a low price. As Binance is the world’s largest cryptocurrency exchange site, which is trusted by millions of users, and anyone can easily buy cryptocurrency on Binance.
If you are thinking about how to buy Bitcoin on Binance US and thinking that it is a complicated procedure, then all your confusion will be wiped away. Once you finish this article, you will be able to buy or sell Bitcoins on the platform.
Value of Binance
If you have made up your mind to buy Bitcoin on Binance because it is the most preferred platform, then you should also know some of the prominent features of this platform:
- Binance supports all the significant cryptocurrencies of the world and a wide range of some more-niche coins as well.
- It can provide different features to all the users. You can purchase, say or trade it from some other users.
- You can buy Bitcoins on Binance with the help of credit-debit cards.
Binance has so much to offer to cryptocurrency traders as it has so many features, which makes it more convenient than others.
There are two alternative methods to buy Bitcoins on Binance:
How to buy Bitcoin on Binance with a credit card method?
Below is a step-by-step guide that will help you to buy Bitcoin on Binance with the credit-debit method:
Step 1: First of all, if you don’t have an account, then register on the site. The registration process is easy and quick. After registration, you can log in to your Binance account.
Step 2: After logging in to the site, go to the upper right corner of the screen, where you will find the ‘Buy Crypto’ button. Place your mouse over there, and you will find 5 different crypto buying options, which are cash balance, bank deposits, P2P trading, credit-debit cards, and third party payments. Click on the credit-debit card option.
Step 3: When you click on the credit-debit card option, you will automatically be redirected to a page. Here you can pick the amount of money which you want to spend on your purchase.
Step 4: After choosing the amount of money you want to spend, click on the ‘Buy’ option. At this point, you have to verify your account by pressing ‘Verify Now.’
Step 5: On the verification page, you have to provide your first & last name, date of birth, address, your ID photograph, and your photograph.
Step 6: After verifying your account, you will have to confirm the payment details.
Step 7: Once you have completed all the steps, you can check the order summary and complete it.
These are the steps for everyone who is looking at how to buy Bitcoin on Binance with a credit card. These steps are simple, fast, and hassle-free.
The Trading Method
Step 1: Log in to the website and navigate to the upper part of the window and click on the ‘Trade’ button.
Step 2: Here, you will find different options for trading. If you are a beginner, you can use the basic or classic version. If you are an experienced trader, you can choose the advanced version of the platform.
Step 3: After choosing from any of the options, you will be redirected to a new page. On the left, you can see BTC prices, which are continually changing. You will also find 24-hours highs, lows, volumes, and more at the top.
Step 4: At the bottom of the page, you will see a trading screen. You can choose ‘Market,’ ‘Limit,’ and ‘Stop-limit’ trading options. You can focus on the ‘Market’ tab because ‘Limit’ and ‘Stop-limit’ are a bit complicated if you are just starting out on how to buy Bitcoin on Binance. With the ‘Market’ option, you can purchase Bitcoin at the exact price.
Step 5: You can set a specific amount of USDT which you want to spend on your Bitcoin. Select the appropriate amount and click on ‘Buy Bitcoin.’
Buy Bitcoin with P2P Service
P2P trading is the most suitable and simple method to buy Bitcoin. By visiting the P2P part of the platform, you can easily pick whether you want to buy or sell. After that, you can enter the specific amount of money that you want to spend on the asset of your choice.
This is an excellent alternative for those traders who want to get more Bitcoin for their money.
Conclusion – Buying Bitcoin on Binance
Binance is a fantastic cryptocurrency exchange site. It can offer to deposit funds via bank transfers, credit cards, debit cards, and other methods. With all these steps, you can have quite a knowledge of how to buy Bitcoin on Binance US.
