How to use Binance

How to use Binance

Buying and selling crypto doesn’t have to be difficult. Many wallets out there have made the job much easier than it used to be including Binance.

Nothing is more frustrating than looking at the charts going up and down, and you – being an amateur – can’t get a grip of what’s happening. I know because I’ve been there.

Should you choose Binance?

As per CoinMarketCap, Binance is the biggest crypto exchange in the market – mainly because of the wide variety of coins it has on the platform. First, Binance is an excellent choice for crypto enthusiasts, especially in Asia, because of its relaxed policies to accept Asian credit/debit cards.

Secondly, Binance offers Binance Convert within which users can convert their cryptocurrency. So it is easy to swap one cryptocurrency for another.

How to create a Binance account

Before you should buy your first BNB or Ethereum on Binance, you’ll have to open an account. The following simple steps will guide how you can do that.

Note: US-based accounts will need to register at Binance.us. The steps may look different from the guide below.

Step 1: Go to the main webpage of Binance, and click on “Register” located in the top right corner.

Step 2: Once you click on Register, please enter your email and a password. This is also an excellent time to use a referral code that a friend may have given to you.

Step 3: Depending upon which method of sign-up you use, you’ll receive an authentication code that you’ll have to provide here. 

Now once all these steps are done, you should be able to log in to your Binance account. You’re one step closer to purchasing crypto (and also selling it)!

How to purchase crypto on Binance

Once you successfully sign up on Binance, it’s time to purchase your favorite crypto coin. There are two ways to make a purchase:

  • Credit or debit card: This is the most common way for users.
  • P2P exchange: Buying from authorized vendors through your bank account deposit.

Purchasing through Credit or Debit Card

To connect your credit and debit card on Binance, this can be accessed at the Buy Crypto with your credit card’s option.

Once you click on that and provide your card details, a dialogue will appear if the card has been selected or not. Once approved, you will be led towards another screen where you can enter the amount you wish to buy based on the currency of your choosing.

Buying through P2P

If you’re unable to connect your credit/debit card for whatever reason, don’t worry. There’s another way to fund your account. To do this, follow these steps:

Step 1: Click “P2P Trading” on the drop-down of “Buy crypto.”

Step 2: Based on your location and currency, Binance will automatically lead to your vicinity’s vendors. This can be based on the cryptocurrency you’re looking to buy.

Note: You should review previous ratings of the vendor you select.

Step 3: After selecting the vendor, click on Buy BNB, BTC, or whatever cryptocurrency you want to buy. Once proceeding, you are given the bank address where you will have to make a payment and provide a screenshot of the amount you’ve made as proof.

Once the payment is approved, after taking a small fee (depending on the vendor), the cryptocurrency will be credited to your account.


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