Title: HOW TO BUY CRYPTOS
1cheatsheet
B R O J U S T T A K E A C T I O N
B U Y I N G C R Y P T O S Beginner's Guide On
Buying Cyptos
2Beginner's Guide On Buying Cryptos
If you've been experiencing a bit of crypto FOMO,
you can open an account with Binance today
and start trading in minutes. The steps are
simple. Open an account, choose a payment method,
and start trading. We'll show you everything you
need to know here in our Binance Beginner's
Guide. A Binance account acts as your gateway
into trading crypto trading. But before you can
buy your first bitcoin or BNB, you'll need to
open an account. 1. Head to the Binance homepage
and click Register in the top right corner.
2. Input your email address and choose a secure
password. If youve been given a referral code
from a friend, now is also the time to enter it.
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3. Follow the instructions for verifying your
account by inputting the code sent to your email
address or mobile number.
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Once youre verified, you should now be set up
with your Binance account. Youre one step closer
to buying cryptocurrency, so let's dive into
making your first crypto purchase. Now weve set
you up with your Binance account, lets purchase
some cryptocurrency. Next, you have to complete
the Know Your Customer (KYC) process. KYC helps
us make sure you are who you claim to be and
fulfill our legal requirements. Youve got a few
options to choose from when purchasing crypto
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- Credit/debit card the most straightforward
option for new users. - Deposit funds into your Fiat and Spot wallet
transfer fiat currency from your bank account and
use it on the exchange. - Purchasing crypto with a credit/debit card
- If you are still on the Binance welcome screen,
select Buy crypto with your credit card.
Otherwise, hover over Buy Crypto and select
Credit/Debit Card from the Binance homepage.
Select the currency you will be paying with and
the coin you wish to purchase. In our example,
we've gone for 100 of bitcoin (BTC). Press the
Buy button to proceed with inputting your card
details.
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Once the process is complete, your purchased
crypto will be credited to your Fiat and Spot
wallet. Usually, opening an account and getting
to this stage can be done within 10 minutes. At
some point, you will likely want to start trading
cryptocurrencies. If youre not used to a
traditional trading interface, we recommend using
the Convert feature. You can access this by
hovering over Trade and selecting Convert
from the Binance homepage.
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With the Convert tool, you can pick the
cryptocurrency pair you wish to trade using a
simple interface. Fiat currencies are also
available if you want to cash out or buy crypto
with fiat. Select the coin you are exchanging in
the top field and input the amount. Use the
bottom field to select your desired
cryptocurrency or fiat currency. In our example,
we will trade BNB for BTC. After confirming your
selection, the trade will take place at the
market price. Trading fees are also applicable
and taken automatically.
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The Binance Classic and Advanced trading views
are also available to make more advanced
trades. For a detailed breakdown of the trading
page interface, check out How to Trade Spot on
Binance. Next on the list for any Binance
beginner is to think about improving the security
of their account. After going through the effort
of trading some crypto, it should be your top
priority to make sure its safe.
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Improving the security of your account is vital
in the crypto world. Using a strong password and
our in-built security features will help keep
your funds safe. Make sure to start with the
following security steps. Use a strong password
and change it regularly This one is
self-explanatory, but you would be choked with
the number of people that still use passwords
that are simple and easy to remember. Your
password should always contain uppercase and
lowercase characters mixed with symbols and
letters. And of course, make sure you keep it
safe and do not share it with anyone. Enable
Two-Factor Authentication (2FA) We strongly
recommend you set your account up with Two-factor
Authentication (2FA). This creates an extra
layer of security, meaning that even if hackers
compromise your password, they would need access
to your physical 2FA device to log in. The
Google Authenticator app or SMS authentication
are great places to start. Our Binance 2FA Guide
can explain more about the process. Enable the
Binance Anti-Phishing Code When you add an
anti-phishing code to your Binance account, every
email you get from Binance will have this code
displayed at the top. This way, you can be sure
that the message you are receiving is actually
from Binance and not from a fake email address.
In other words, it helps you prevent phishing
attacks.
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For more information on account security, please
check out Secure Your Binance Account in 7 Simple
Steps.
Opening an account and making your first trades
with Binance is a small introduction to the world
of cryptocurrencies. Theres a lot more to it
than just buying and selling on the exchange. A
huge amount of other opportunities exist on the
Binance platform, all available for you to take
and explore.
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