How to buy bitcoin on binance: How to buy Bitcoin Networks BTCN Guide
Enter the fiat amount you want to spend and the system will automatically display the amount of crypto you can get. Transfer fiat currency from your bank account to Binance, and then use the amount to buy Bitcoin . You can easily buy Bitcoin with the lowest fees and highest security anywhere Binance is available. Learn How to buy Bitcoin with the Binance app now. Depending on How quickly the other person responds, the trade can last from a few minutes to a maximum of 45 minutes. If the payment is not sent by you or the other user at the end of the agreed time, the trade is canceled, and you can start over.
Now, you will see the P2P marketplace where the Buy option is selected for USDT by default. Since you want to buy Bitcoin, click on BTC. You will need to do the same for any asset other than USDT.
Make sure to keep your seed phrase safe, and take note of your wallet address. You will be using it later on Steps 4 and 6. Once you complete the purchase, we will deposit your new crypto directly to your Binance wallet – a safe and simple way to manage your crypto assets.
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The number of Binance P2P users has increased seven-fold since 2019 as it continues to add new features. You can add advertisement posts to buy or sell Bitcoin, and other users will take such ads. You can also comment on a user and leave a review depending on your experience trading with them.
He recently dabbled into finance too, and likes traveling and birdwatching. Binance has a system in place that ensures no one cheats or scams the system, even though it is not directly involved in the trade. You can choose any of them, then click on the green Buy button against the ad.
A. Credit Card and Debit Card
Click on withdraw and fill up the required information. Set the network to BNB Chain, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your BNB Chain to appear in your TrustWallet. You will be redirected to your bank’s OTP Transaction Page. Follow the on-screen instructions to verify the payment. After that, you can see the purchased crypto in your Binance Spot Wallet instantly.
Now that you bought your crypto, you can store it in your personal crypto wallet or simply hold it in your Binance account. You can also trade for other crypto or stake it on Binance Earn for passive income. If you would like to trade your Bitcoin to a decentralized exchange you may want to check Trust Wallet which supports millions of assets and blockchains. Once your wallet is setup, you can login to your binance account and proceed to the Buy & Sell crypto webpage to buy the BNB Chain. If you are not an existing user, you can refer to our How to Buy BNB Chain guide on registering and buying your first cryptocurrency on Binance.
You can also change the currency to your local currency, but NGN is set by default for this article. Apart from receiving payment online in local currencies, you can pay or receive payment for a trade completed on Binance P2P in person. This guide reveals How to buy Bitcoin using Binance Peer-to-Peer trading, one of the most popular crypto exchanges. P2P trading is a popular way to buy or sell Bitcoin direct from one person to another and is increasingly used among Bitcoin investors. Use Pay on the Binance.US app to send, request, and receive crypto instantly with zero transaction fees. Start staking ETH, BNB, ADA, and 25+ Proof-of-Stake cryptocurrencies.
You have 1 minute to confirm your order at the current price. After 1 minute, your order will be recalculated based on the current market price. You can click Refresh to see the new order amount.
Oh and most importantly there should be a note when selling coins that there’s a bare minimum of .1 before we go to sell our coins. I wasted time setting up a coin to sell just to find out afterwards I didn’t have enough coins to sell which wasted minutes of my time. So minimums and other rules should be made visible at all times. These Exchange Rules constitute a contractually binding agreement between Binance Bahrain and each Client governing access to the Exchange and its facilities.
How to Buy Bitcoin Using Binance P2P
You can immediately trade your purchased crypto on the many products and services on the Binance Platform. The live price of Bitcoin is $ 28,394.29 per (BTC / USD) today with a current market cap of $ 549.61B USD. Bitcoin to USD price is updated in real-time.
With our new Lite Mode, you can swap between any crypto you want, even if there is no trading pair. Get started today and buy Bitcoin, Ethereum, Link, Cardano, Binance Coin and even some meme coins! All with some of the lowest fees in crypto. Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1. You may refer to the wallet’s support page for reference.
We’re always here to help, whether you’re a longtime user or just getting started. Access 24/7 live chat customer support in 8 languages . Spend Bitcoin or BNB at over 50 million merchants worldwide when you sign up for the Binance Card. Sad that this question still needs to be asked in the Bitcoin and crypto space, but we get it! At Binance, security is our highest priority when it comes to safeguarding your Bitcion and other cryptocurrencies. Your funds are protected by our Secure Asset Fund for Users which means we have your back.
They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents. Ponvang holds a BSC in Zoology and an MSC in Conservation Biology, but is a technology enthusiast with particular interest in blockchain and crypto. He is also a copywriter in the space, and has been creating content for over 4 years now, working with clients across the globe as a freelancer.
Before you can start trading, you need to buy cryptocurrencies first. There are a number of ways to buy cryptocurrencies from the Binance homepage, including Credit/Debit Card, Cash Balance, and P2P. Binance is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs. Our multi-tier & multi-cluster system architecture and SAFU insurance fund protect your account.
Your Binance account acts as a gateway into buying crypto. But before you can buy Bitcoin , you’ll need to open an account and verify your identification. You can then transfer the Bitcoin to your spot or whichever wallet you wish to transfer it to. After you set up your P2P account, the next thing is to buy Bitcoin. Binance’s P2P is one of the most secure and direct options, so why not give it a try. These Exchange Rules constitute a contractually binding agreement between Binance FZE and each Client governing access to the Exchange and its facilities.