HOW TO BUY CRYPTO ON BINANCE: 3 METHODS OF DEPOSIT

In order to trade on Binance or stake coins, you need to buy crypto. In this article we will review three methods of buying crypto: via fiat balance, via bank card and via P2P platform.
Attention! This article is for informational purposes only and does not contain recommendations or calls for action.

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Deposit fiat

To buy cryptocurrency on Binance at the expense of the Cash Balance, you should top up the account. To do this, move the cursor to the "Buy cryptocurrency" tab and select the "Card deposit".
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Binance deposit, Binance deposit via debit card, Binance deposit via credit card, Binance deposit via P2P, Deposit instructions on Binance
You can top up your Binance account using a bank card or via the AdvCash and Payeer payment systems.

Note: Advcash and Payeer charges fee. Please take it into account if you select these methods of deposit.

Then follow the "Cash Balance" tab. We select the cryptocurrency we need and enter the buying amount. The exchange will automatically calculate how many tokens we will receive. For example, we need USDT and we are ready to spend 4 835 rubles. Enter the amount and click on the "Continue" button.
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Then, you have to confirm your order.
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Done! After that you will receive a depositing notification.
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Buy crypto via bank card

You can also buy cryptocurrency on Binance directly from a credit or debit card. To do this, follow "Credit/Debit card" tab.
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For example, we can select ADA, specify the amount, Binance will automatically calculate how many tokens we will receive. Confirm the account details and the payment. It's done!

Note: recurring buy is a feature that allows users to automate the buying of crypto.
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Press "Confirm" and then you will receive your crypto.

Buying crypto via P2P platform

The third way is to buy cryptocurrency on Binance via the P2P platform. On P2P, users trade with users.

To buy cryptocurrency, follow the "P2P trading" tab.
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Then select the "Buy" item, the payment method and currency, and the currency we need. At the moment, USD, BTC, USD, BNB, THE, DAY and RUB are available for purchase on the Binance P2P platform.
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We choose the suitable ad for us. Pay attention to the price, the minimum / maximum buying limit and how many tokens are available from the seller.

Choose the seller carefully, discover the information about the seller. How many orders were executed, the percentage of completed orders for the last month. Please note whether the seller has confirmed the mail, phone number and identity.
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To open the seller's page, click on his nickname in the ad.

Note: Binance doesn't charge fee on P2P platform.

Click on the "Buy" button, enter the buying amount. Binance will automatically calculate how many tokens we will receive. It will be redirected to the order page, where the seller's details and the exact amount of the transfer will be indicated.

After you have transferred the money, click on the "Transferred" button. Wait for the seller's confirmation.
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Important! Trading on Binance P2P involves high risks:

  1. If you buy cryptocurrency on Binance, transfer funds only according to the details indicated in the order window. Never transfer money using other banking details.
  2. Always save a check/screenshot confirming the transfer. If you have problems, support can ask you for the transfer confirmation.

If the seller has not transferred the tokens to you after the specified time, click on the "Appeal" button. Support will send you a response to the email address that your account is linked to.

When an order is being processed, the tokens are frozen on the seller's balance. If the seller does not make the transfer after the payment, the support service will complete the order manually. To do this, you need to confirm the fact of payment from your side.

When the trade is finished, tokens will be credited to the P2P balance. To transfer tokens to a spot wallet, open a P2P wallet.
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Click on the "Transfer" button, select the transfer amount and click "Confirm". It's done! Tokens are on your spot account. You can start trading.

Conclusion

Don’t forget about the fee according to the payment/deposit method. Follow the safety rules. For the first time, start with a small amount to get your first skills of using that platform.

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