How To Buy Crypto on Binance?

how to buy crypto on binance

In this guide we will show you how to buy crypto on Binance. Binance is the largest centralised crypto exchange in the world. It’s a platform that allows you to buy and sell crypto, NFTs, trade derivatives, and more. Divided up into two global divisions: Binance US for those residing in the United States and Binance International accessible to those elsewhere in the world. This tutorial will show you how to buy crypto on Binance International.

Table of Contents

How to Create a Binance Account

First things, first – to be able to trade on the platform, you will need to create a Binance account. You can register for a Binance account from the Binance website, mobile app, or Binance desktop app.

To create an account you will be required to provide your:

  • Email address
  • Phone number
  • Photo identification

Are you in the US? We recommend you read this article: Binance US legit? | the real review 2022

1. Register with Binance

Go to the international BINANCE WEBSITE (You will get 10% off fees by using this link) and click ‘Register’.

buy crypto on binance

2. Choose location

Select your current location of residence from the list and click ‘Confirm’. Please note that the steps that proceed may change depending on the country you’re based in.

How To Buy Crypto on Binance? - - 2022

3. Choose account

Click ‘Create Personal Account’

How To Buy Crypto on Binance? - - 2022

4. Enter account details

Enter your email address and create a password for your Binance account. Set your marketing preferences by either ticking the boxes to opt in or unticking the boxes to opt out.

How To Buy Crypto on Binance? - - 2022

5. Email verification

Verify your email address by clicking ‘Get code’. The code is valid for 30 minutes. Enter the 6-digit verification code into the box that has been sent to your email address. Then click ‘Submit’.

how to set up an account on binance

6. Enter phone number

Enter your phone number and click ‘Next’.

How To Buy Crypto on Binance? - - 2022

7. Phone verification

Verify your phone number by clicking ‘Get code’. The code is valid for 30 minutes. Enter the 6-digit verification code into the box that has been sent to your phone number. Then click ‘Submit’.

account on binance

You’re almost there!

8. Verify account

Verify your identity by clicking ‘Verify now’

Buy crypto on binance

9. Personal information/identity verification

Complete the following fields and hit continue.

Buy crypto on binance

10. Proof of address

Complete your address details and click ‘Confirm’

confirmation

11. Wait for review

Wait for your account to be verified, please see estimated completed date as a guide. In the meantime, click ‘Back to home.’

How To Buy Crypto on Binance? - - 2022

How to Fund your Binance Account

Once your account is verified, you’ll need to fund your account with fiat currencies. Binance supports more than 60 fiat currencies and multiple payment methods.

1. Fiat & spot

Click ‘Wallet’ and ‘Fiat and Spot’

Funding your binance account

2. Deposit

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how to fund your binance account

3. Deposit

Select ‘Fiat Deposit’

funding binance account

4. Select currency

Select the currency you’d like to buy with and the payment method. Binance supports bank card and bank transfer.

binance account

5. Payment details

Enter your payment details and follow the instructions. Double-check your details are correct before submitting the payment.

payment details

6. Deposit amount

Enter the amount you’d like to deposit.

How To Buy Crypto on Binance? - - 2022

How to Buy Crypto on Binance (and sell it)

Now that you’ve funded your account, we can go shopping for crypto! 

Navigate to ‘Trade’ and you’ll see there’s multiple different trading dashboards to choose from. ‘Convert’ allows you to swap your cash for crypto in one step, ‘Classic’ is the basic order book setup and trading screen, and ‘Advanced’ gives you full access to all trading features.

In this example, we will be using the Classic dashboard to buy our crypto.

1. Dropdown menu

Select ‘Classic from the dropdown menu.

buying on binance

2. Pick your trading pair

Pick the desired trading pair from the panel on the right-hand side of the screen. For the following example, we’ll be using the ADA/GBP pair.

selling on binance

3. Go to buy/sell section

Next, you’ll need to scroll down to the bottom of the page, to the buy/sell section.

buy/sell on binance

You can either type in the amount you’d like to buy in either currency, or you can use the provided sliding scale. This allows you to increase and decrease the size of your buy in increments.

How To Buy Crypto on Binance? - - 2022

You’ll also notice that the current balance in your wallet will be visible on the right-hand side of the buy section. Once you’ve selected the desired amount you’d like to buy, click ‘Buy ADA.’  

For those trading from either the UK or Europe, you will need to grant access to Bifinity Digital Wallet, powered by Skrill Limited.

binance access

Once the transaction is complete, you’ll see a quick pop-up notification box in the top right-hand corner of the screen, to confirm this.

4. View wallet

To view the crypto in your wallet, click ‘Wallet’ then ‘Fiat and Spot’ and scroll down the page until you see your crypto balance.

binance wallet

5. Selling crypto

To sell your crypto, head back to the ‘Classic’ trading dashboard. Scroll down to the buy/sell section.

sell crypto on binance

Again, you can either type in the amount you’d like to sell in either currency, or you can use the provided sliding scale. This allows you to increase and decrease the size of your sell in increments. 

Once you’ve selected the desired amount you’d like to sell, click ‘Sell ADA.’  

Now you know how to buy crypto on Binance!

It’s that easy! You can now buy and sell your crypto on the Binance exchange.

 

Interesting read: Binance vs Coinbase – Review 2022 

How To Buy Crypto on Binance? - - 2022

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How To Buy Crypto on Binance? - - 2022
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