The Binance mobile app is compatible with both iOS and Android devices. Binance also sends you regular updates on the crypto market to allow you to make informed decisions for each trade you make. Mobile Appīinance has an app that works perfectly with all mobile devices and you can conveniently log in and trade on the move on the bus, in the park, in your workplace, you name it. Next enter the USD or EUR amount you want and select the crypto you would like to buy.įinish your purchase by entering your credit card details and (if required) confirming your purchase with Visa 3D-Secure or MasterCard SecureCode. Simply click on "Buy Crypto" and "Credit/Debit Card" to get to the purchase screen. Paying directly with credit card is the easiest way buy crypto on Binance. Beginners are better served with the Cash Balance option, but be vary that this will incur additional fees. More advances users will want to use the P2P Trading option, because it allows more advanced trades like stop losses or limit buys. You can access these feature by hovering "Buy Crypto" in the menu bar. Your dollars or euros will be automatically credited to your fiat wallet, which will allow you to trade crypto using Binance's "P2P Trading" and "Cash Balance" features. Once you deposited money on Binance, it's time to start trading. A more detailed description is also available on Binance's help desk. Then, simply follow the steps provided by the platform. To do so, click on "Wallet" and "Fiat & Spot". Transfering money to Binance is the lowest cost method to buy crypto on Binance. The Binance platform allows either deposit fiat currency, cryptocurrency, or a direct purchase of crypto using your credit card. Deposit money and buy cryptoĪfter completing all steps, your account is ready for trading. A detailed overview of the verification process can be found on Binance's help desk. To complete your identity verification, click on the dropdown menu indicated below and click on “Identification”. Simply follow all the steps required to open an account. First, visit the official Binance website and click on the “Register” button, which will lead you to a signup form. The co-founders decided to spend 50 percent of the funds raised on branding and marketing, 35 percent on upgrading and improving the Binance platform, and 15 percent was kept aside for emergencies.\ How to Buy Crypto on Binance Create an accountĬreating a Binance account is actually quite easy. This event raised the Company $15 million USD thanks to the excitement around cryptocurrency at the time. In order to raise funds, the co-founders planned for an ICO or Initial Coin Offering, where they offered investors 100 million Binance Coins. Binance gets its name from a combination of two words Binary and Finance and these two words perfectly summarize the function of the platform.ĭue to their positions and intimate interaction with the world of cryptocurrency, it was only natural that these two founders would end up gaining a deep understanding of the needs of investors, thereby making for a great foundation for Binance. The two founders were former executives at the formerly Chinese crypto trading platform OKCoin (now based in the US). The Binance platform was created in 2017 by Yi He and Changpeng Zhao. Also unique about Binance is the Binance Academy, which refers to a wide array of resources that teach you all you need to know about crypto, trading, and smart investment. That is not to say that it isn’t suitable for experienced traders. The Binance platform is user-friendly and has several unique features that are perfect for beginners. Binance is the largest cryptocurrency exchange in the world in terms of trading volume and its users are spread out across 180 countries.
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