Step 1: Create a binance account Click here https://www.binance.com/vn/register?ref=23923035 Binance is the world’s favorite cryptocurrency exchange and trading platform. However, until recently, it was not possible to buy cryptocurrency directly on Binance. At least, not using fiat cash. Now, this has changed. Here, we’ll, therefore, look at how to buy cryptocurrency on Binance easier than ever in 2020.
Binance is used every day to buy and trade over 1,889 top market cap cryptocurrencies and altcoins. Users also have two account funding options. Users can either deposit Bitcoin or other coins they already own onto Binance. Alternatively, they can buy Bitcoin and other coins directly using credit or debit cards.
In this guide, we will discuss both funding options.
To start using Binance, all new users will first need to create a Binance account, enable two-factor authentication (2FA) when logging in, and verify their identity.
Step 2: Buy Cryptocurrency on Binance 2.1 Using Bitcoin After creating an account, using Bitcoin to buy altcoins on Binance is relatively simple. All users need to do is deposit Bitcoin. (Or other digital assets.)
Users can then place buy and sell orders on the Binance exchange itself.
Some altcoins can only be bought (and exchanged for) specific coins like Bitcoin, Litecoin. Ethereum, and Binance Coin. Depending on what digital assets you use to fund your account, you may need to first buy other coins like Binance Coin, that you can use to buy your preferred altcoin.
2.2 Using Credit & Debit Card In 2019, Binance began allowing users to buy cryptocurrency directly. This means that Binance users no longer need to deposit Bitcoin they already own to start buying and selling altcoins. Instead, users can fund Binance accounts directly by buying Bitcoin with credit or debit cards.
To buy Bitcoin and other digital assets directly, users first need to create and verify new accounts. Users can then buy coins via credit or debit card from the Binance home screen or funding sources tab.
To get started buying Bitcoin (or other coins) with credit or debit card, click the appropriate tab on the Binance home screen. Next, select your coin and enter an amount in U.S. Dollars (or your local currency) that you would like to purchase.
After confirming how much cryptocurrency you would like to purchase, you will be redirected to complete payments with a third-party payment provider. (The exact partner may differ based on your location.)
Before your purchase is complete, you will be required to enter your card billing information. (This being your address as it appears on your credit or debit card statement.)
Is It Safe to Buy Cryptocurrency on Binance? Buying Bitcoin and other cryptocurrencies on Binance is just as safe as buying coins on other exchanges like Coinbase. It is also possible to buy smaller increments of Bitcoin (and other coins), without having to worry about minimum withdraw limits.
Given the above, being able to buy Bitcoin and other coins directly on Binace is fantastic if you plan to use Binance to trade cryptocurrency.
Create binance account now: https://www.binance.com/vn/register?ref=23923035
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