How to Buy Crypto Currencies on Binance
Are you ready to trade crypto currencies but don’t know how to get started? The first step is to buy some crypto currencies, and Binance is a great platform to do just that. In this article, we’ll walk you through the steps to buy crypto currencies on Binance.
Prerequisites
- Complete SMS authentication and identity verification on Binance
- Login to Binance account
Step 1: Access P2P Trading Interface
Once you have logged in to your Binance account, go to the P2P trading interface. This can be accessed through the “P2P” tab under the “Spot” tab or by selecting “P2P Crypto Exchange” from the “Buy Crypto RUB” tab.
Step 2: Choose Crypto and Payment Method
Select the crypto you want to buy and choose a payment method. In this example, we’ll use USDT and RUB and choose bank transfer as the payment method.
Step 3: Place an Order
Choose the trade advertisement offered by the user or merchant. You can filter the ads by entering the amount, fiat currency, and payment method. Then click “Buy USDT”, enter the amount (in this case 100 RUB), and choose bank transfer as the payment method. Click “Buy Now”.
Step 4: Make Payment
You will see the order details and the seller’s payment information. Copy the payee information and make payment as instructed. Please double-check the payee information before completing the transaction.
Step 5: Confirm Transaction
Once the payment is made, click “Mark as Paid” and then confirm. The seller will release the crypto after confirming the payment is received and the status will be updated to “To be Released”.
Step 6: Transfer Funds to Fiat Wallet
The transaction will be completed and you will find the crypto currencies in your fiat wallet. You can click “Transfer to Fiat Wallet” to transfer the funds and start trading crypto.
Tips and Tricks
- Double-check the payee information before making a payment
Conclusion
Buying crypto currencies on Binance is a simple process that allows you to trade crypto currencies once you have them. By following these steps, you’ll be able to buy crypto currencies using multiple fiat currencies and various payment methods.