How to buy a bitcoin (BTC) on Binance ?

How to buy a bitcoin (BTC) on Binance ?

You have decided to use Binance to buy bitcoins but you don’t know how it works. So we will explain you how to do it step by step. However, please note that you can only buy bitcoins using other crypto-currencies. You will need to have an online portfolio.

Your registration on Binance

If you want to buy bitcoins on Binance, you must first register on Binance. However, this is not really difficult. For a start, you need to select the language in which you want the platform to be displayed. You must then enter your email address and set your password. However, we advise you to opt for a complex password, in order to minimise the risk of piracy. In addition, you can also enjoy a second protection using Google Authentificator. Even if it is optional, we strongly advise you to do so.

 

The verification of your identity

Once you have validated your account, your identity must be verified before you can take full advantage of Binance. In order to do so, you must first indicate whether you are a resident or not in China before providing several personal information, including your first name, last name, your gender and the country in which you reside. You must then provide the number of your identity document, as well as a photocopy of both sides of this last. It only remains for you then to take a picture while you hold to hand your id and a paper on which the day’s date is shown.

Make a deposit on Binance

To the extent that you will not be able to make deposits in crypto-currency, you will need to have an online portfolio. You’ll need to choose what crypto-currency and what amount you decide to deposit on your account Binance, give the address of the wallet where are stored crypto-currency that you want to use, then validate. Once the transaction is validated, the crypto-currency will be transferred from your wallet to your account Binance.

 

Buy bitcoins on Binance

Once your crypto-currencies have been transferred to your account Binance, it does not remain you more that to use it to buy bitcoins. To do so, you must first click on the Exchange tab located at the top of the screen. You then need to choose the crypto-currency that you want to buy, in the case of bitcoins. Before you validate your purchase, you can consult a variety of information, including the number of bitcoins that you are going to have, the evolution of the market and its volume. Once you have validated your choice, you need to do is to choose the offer that best suits you.

 

What you must remember

  • Binance is a website on which you can use crypto-currencies to buy other crypto-currencies. However, you can not use real money.
  • To use Binance, you must have an online portfolio.
  • The first thing you have to do before buying bitcoins on Binance is sign up.
  • However, before you can take full advantage of your account, your identity must first be verified.
  • Once you have made your deposit, you can use your crypto-currency to buy bitcoin.