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How to top up a wallet on the Binance exchange?
In the previous articles, we sorted out some basic information about digital currencies:
Another material was dedicated to registering an account on the Binance exchange. After opening an account, move on to funding it and buying cryptocurrencies. Consider the example of the most popular digital currency — bitcoin.
What are the ways to deposit bitcoin wallet?
There are several ways to top up your wallet:
- through an exchange;
- using an exchanger;
- by bank card.
Exchange. Users register an account on the exchange and then exchange rubles, dollars, euros, and other fiat currencies for bitcoins. There are two ways of exchange - direct and indirect. The first involves buying cryptocurrency directly from the exchange at the exchange rate. The second involves placing an order with conditions and waiting for the user to agree to them. The exchange between users can be more profitable than the direct purchase on the exchange, but also takes more time.
Exchanger. Using a P2P exchanger is similar to the indirect exchange. One user places the request, and the other user satisfies it. Only the parameters here are more, for example, you can specify WebMoney, Yandex.Money and other areas of exchange. Pluses and minuses are the same - the rate may be more favorable than on the exchange, but it will take more time.
Bank card. The user buys bitcoins with Visa or MasterCard. The transaction will cost 1-3% commission.
How to fund a fiat account on the Binance exchange?
Binance exchange offers several ways to get hold of cryptocurrency. One of them is to fund your fiat account and use it to buy digital currency. The procedure consists of 2 steps:
1) Making a deposit using traditional currencies;
2) After depositing money into the system we buy cryptocurrency using any convenient tool.
Deposit on the exchange is simple:
1. In the left top corner of the page click on "Buy Crypto";
2. In the pop-up window, select "Deposit";
3. We choose the currency of deposit. Dollars, euros, rubles, brazilian reals - a total of 13 variants of national currencies. Methods of deposit depend on the selected currency. When depositing in euro Binance offers 4 options, but for dollar only bank transfer is available.
4. Enter the data of the bank card. Specify the card number, expiration date and security code (CVV). Click "Next".
5. Write down the amount for which you want to replenish the account. Click on "Continue".
If you have enough money on your card and you have stated everything correctly, the transaction will happen and the money will be deposited to your Binance account. Next, again open a popup window through "Buy Crypto" and go to "Cash Balance".
Here you choose a cryptocurrency and buy it with the fiat balance.
How to buy cryptocurrencies by bank card without fiat balance?
This method is suitable for more experienced users who came for a specific digital currency and do not want to waste time on intermediate steps. The client deposits the amount and immediately receives the cryptocurrency to his account in Binance. Here is what the purchase algorithm looks like:
1. Click on "Buy Crypto" in the upper left corner of the page. In the window that opens, choose "Credit/Debit Card".
2. Specify the amount we are going to spend. When you click on the icon in the field with digital currencies a list of all available cryptocurrencies will appear. Bitcoin is selected by default.
3. In the next window you will be offered the available payment options. Choose "Visa / MasterCards". Click "Continue".
4. Enter the data of your bank card. Write the number of the card, its expiration date and security code (CVV). After this we click on "Next".
5. Confirm the transaction.
That's all - digital currency automatically comes to your account in Binance.
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