Guide to using Binance
If you want to start trading cryptocurrencies, Binance can be a very good place to start. All you need is a quick account opening and you can start investing or trading. Let's take a look at how to use Binance!
How to create a Binance account?
With a Binance account you can successfully start trading cryptocurrencies. Before we can buy our first Bitcoin, we need to open an account. We will now review the steps to do this.
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First you need to navigate to the home page of binance.com. Here we have to select the button marked Register. In the interface that opens, you will need to enter your details. If you have received a referral code from a friend who is already registered, don't forget to enter it in the appropriate box!
Once we have done this, the system will verify our account. To do this, we will receive a code to our email address or mobile phone. Once we have completed this verification phase, we can set up our account. After all the setup is done, all you have to do is start trading.
Using Binance to buy cryptocurrency
To buy cryptocurrency, we also need to complete an identity verification process. Here you can make sure that you want to start this activity as a real person. This way we can comply with the legal requirements for cryptocurrency trading.
Once we have done this, we have several options for crypto purchases. The easiest way to do this is to use your credit card. This is probably the easiest method for beginners.
Another option is to load our traditional fiat currency into a Fiat and Spot wallet and use it on the stock exchange.
A third, exciting option is to use Binance P2P for this purpose. This system allows us to buy the funds we need directly from other users.
This is how we can buy crypto using our credit card
To buy crypto in this way, we need to log in to our account and select the "buy crypto with debit card" function. Then we need to select the currency we want to pay with. We then need to enter our card details. A very important rule is that you can only make transactions with a card registered in your own name. It is not possible to make a purchase with another card.
We must also enter our billing address. Then we will have our debit or credit card registered on the interface. Before making a purchase, we will need to verify the transaction details and accept the terms and conditions.
If everything is entered correctly, the digital money you have purchased will be in your account and you can start trading either manually or with the help of a trading bot. The above process can be completed in about ten minutes.
How can we trade on Binance?
Once we have purchased the cryptocurrency we have been looking at, there will probably come a time when we want to start trading it. If you do not have significant experience, you may want to start with the conversion feature. This is a simplified interface where you can select the currency you want to trade, but traditional fiat currencies are also available if you want to withdraw cash from the system. Here we can very easily specify the currencies we want to exchange and the amount. The transaction is then completed.
As you can see, this is a very simple option for those who want to start trading.