How to buy altcoins on binance with bitcoin

In the rare case that your deposit did not reflect on the dashboard, it could mean 2 things:. CL Crude Oil. You can freely trade BNB currency on the Binance platform. As for the coin, it is something worth adding to your portfolio.

Try Out Binance Today

Right now, Binance is where you can see the most action when it comes to making the most out of cryptocurrencies such as Bitcoin. But first, you must learn how to buy Bitcoin. Create a Binance Account. First you must create a Binance account. With Binance, you can store Bitcoin and other cryptos that you may want to trade. On the byy, go to the Account menu and tap Login or Register, then tap Register on the bottom part of the app.

Before We Start

Binance is one of the most popular exchange platforms within the crypto market. However, it has always had one weakness—not supporting fiat currency trading. Now, the platform is making changes that will allow its customers to purchase crypto with fiat currency. Recently, the exchange partnered with Simplex , a payment processor to provide crypto purchases with a credit card. The use of credit card in crypto is controversial, as top exchanges have gone back and forth on this topic. For instance, Coinbase stopped allowing credit card purchases in , but when it used to allow them, customers would incur additional charges. However, Binance has decided to make this bold move, but the credit cards can only be used to purchase a limited set of tokens, namely Bitcoin, Litecoin, Ethereum and XRP.

Announcement:

Binance is one of the most popular exchange platforms within the binxnce market. However, it has always had one weakness—not supporting fiat currency trading. Now, the platform is making changes that will allow its customers to purchase crypto with fiat currency. Recently, the exchange partnered with Simplexa payment processor to provide crypto purchases with a credit card.

The use of credit card in crypto is controversial, binancs top exchanges have gone back and forth on this topic. For instance, Coinbase stopped allowing credit card purchases inbut when it used to allow them, customers would incur additional charges. However, Binance has decided to make this bold move, but the credit cards can only be used to purchase a limited set of tokens, namely Bitcoin, Litecoin, Ethereum and XRP.

Nonetheless, there are a few limitations. Also, the support for banks is not universal, and those that can use the service will be charged 3. Fill the blanks with your details, and use the same to log in the account.

Select Bitcoin as the cryptocurrency you want to purchase, then enter your order. Read the short disclaimer to understand the purchasing process. After reading and understanding the disclaimer, click on I have read and agreed on the disclaimerthen Go to Payment. This feature was updated in February Some outdated blogs will tell you that you need to deposit some form of an altcoin to purchase Bitcoin.

This is not buying Bitcoin, but trading or exchanging one coin for. Tip 1 : For your first purchase, we recommend you start with a small amount just to be safe. Once the small howw is in your Binance account, you can proceed to purchase more and even frequently without having to worry whether your coins will be credited to your account.

Tip 2 : Depositing coins from one exchange to Binance may have some limitations, and plagued with withdrawal fees. We recommend you use the new feature and enjoy its convenience as you can deposit directly into your wallet. Fill the blanks with the details required, then verify the Phone number and email you provided while opening the Binance account. Enter the 4-digit code on your phone. After this step, click on continue.

The next step requires you to fill in your credit card details. Ensure the details match the billing address. Your name, and the first and last four digits of your card number must be visible; you are allowed to cover the middle digits with your fingers. Ensure you upload each side of the document in order.

However, binande on some factors, such as network congestion, it may take up to an hour. There are plenty of exchanges where you can purchase Bitcoin, but Binance is by far the best and most liquid reputable exchange. At peak times, the exchange may bifcoin accepting new applicants due to a large number of applicants, something that was witnessed in December So, to be on the safe side, register a Binance account as soon as now, and pile up some Bitcoins.

Follow these steps to buy Bitcoin with a credit card on Binance. For over two years, UseTheBitcoin has done the research, covered the news, and helped readers find the best blockchain projects. The Bear Market Report Our Bear Market guide not only helps you survive this crypto winter, but also guides you through the foundation you’ll need to thrive in the next bull run.

The Bear Market Report. Our Bear Market guide not only helps bictoin survive this crypto winter, but also guides you through the foundation you’ll need to thrive in the next bull run.

Binance Tutorial — How to Use Binance to Buy Altcoins

Since very few altcoins have fiat yo, you will be using the coins you transferred in to buy these coins. Step 1 — Create an Account on Binance To create an account, go to the registration page. You should transfer it to a safe place — like a cold wallet. Post a comment! Bitcoin gained value due to its 21 million supply cap. Be sure to safely note the Authenticator backup code incase you need to reset it or you lose your device. Step 3 — Account Verification Next, you might want to verify yourself if you want to withdraw coins later. It is important to read the verification email carefully since it gives you basic security tips like not giving your password to anybody. Your procedure would be simple — just exchange your coins for an equivalent value of BNB. Throughout this process you will binxnce several websites and make several accounts. Many investors who are using BNB for trading and speculation are reaping the benefits of discounts through a healthy ROI. As an exchange, altcions has ultra-fast speed. A strong password. Elikana Kibet. To do so, you will need to get them from a crypto altcoinss that is permitted in your country.