Want to know how to buy Crypto on Binance? Then you have clicked on the right tab. In this article, we will tell you the easy process to buy Crypto on Binance. Dive into this straightforward walkthrough on the Binance app, from account setup to confirming your initial purchase. Embark on your crypto journey with confidence, armed with the essentials from our guide.
How to Buy Crypto on Binance: Process
Before you begin, ensure that you have already set up a Binance account and linked a payment option, such as your bank account.
Now, let’s get into the step-by-step process of buying cryptocurrency on Binance.
Step 1: Open the Binance App
Launch the Binance application on your mobile device.
Step 2: Deposit Funds
If you want to make a deposit into your Binance account from your bank, follow these steps:
- Click on the wallet icon at the bottom of the screen.
- You will see your account balance, which, in this example, is displayed in US dollars (USD).
- Select “Deposit” and choose the funds you want to deposit (e.g., USD).
- Choose your funding source (e.g., your bank account).
- Enter the amount you want to deposit.
- Preview the deposit details and confirm it.
Step 3: Buy Crypto
Assuming you already have funds in your Binance account, you can proceed to buy cryptocurrency:
- Return to the home page.
- Click on the small arrows in the upper right-hand corner.
- A pop-up menu will appear with options to “Buy Crypto” or “Sell Crypto.” Select “Buy Crypto.”
Step 4: Choose Your Cryptocurrency
You can now choose the cryptocurrency you want to purchase. In this example, we are buying Bitcoin, but Binance offers a variety of options.
Step 5: Specify the Amount
Enter the amount of the cryptocurrency you want to buy. For instance, if you want to purchase $100 worth of Bitcoin, input “100.”
Step 6: Preview and Confirm
Click “Preview Purchase” to review the details of your purchase. This includes the payment method, purchase type, Bitcoin price, associated fees (usually minimal), and the total amount.
Step 7: Confirm Your Purchase
If everything looks good, click “Confirm Purchase” at the bottom of the screen. You will see a message indicating that your purchase is in progress. Binance will send you a confirmation email once the order is complete.
Step 8: Verify Your Purchase
You can verify your purchase by checking your crypto wallet. Return to the home page and click on the wallet icon at the bottom. Select the cryptocurrency you purchased (in this case, Bitcoin) from your crypto balances. You should see your transaction history confirming your Bitcoin purchase. This is how to buy Crypto on Binance.