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 QUICK TUTORIAL: BUYING AND SELLING CRYPTO CURRENCIES ON BINANCE EXCHANGE

STAGE 1

 New User: Click Here to Create a free Binance Account and Verification

Already have a Binance account - Proceed to stage 2

STAGE 2: – TO TRANSFER MONEY FROM YOUR BANK TO BINANCE ACCOUNT

·       Go to Binance Exchange Homepage

·       Point mouse to buy crypto and choose bank deposit

·       Select your local currency

·       Click on faster payment

·       Enter amount for transfer.

·       Click on continue

·       You will see a pop up box (important notes)

·       Click on confirm

·       Binance bank details will be displayed with the 4 digits reference code

·       The 4 digits reference code is important and will be used as your reference, to transfer money to binance account.

·       You will need to take note of the binance account details and the 4 digits reference code.

STAGE 3: – BUYING CRYPTOS

STRAIGHT FORWARD METHOD

·       Go to Binance Exchange Homepage

·       Click on buy now

·       Go to buy crypto

·       Click on buy

·       Change currency to local currency, for example GBP

·       Spend  - enter amount

·       Buy -  click on the arrow

·       Choose your desired crypto ( if desired crypto is not displayed, then go to stage 4 to use the paired method to buy your desired crypto)

·       Click on cash balance to display how much has been transferred.

·       Click on buy and follow the wizard to complete purchase

STAGE 4:  TO BUY CRYPTOS USING PAIRED METHOD

These are Cryptos that are not available in stage 3

·       Go to Binance Exchange Homepage

·       Point mouse to the 9 yellow square buttons at the top of the page and choose exchange

·       Go to search and enter the desired cryptos, for example Tfuel

·       Choose any of the available pair, for example Tfuel / btc or tfuel / usdt or your local currency

·       Go to stage 3 to buy btc (bitcoin), or usdt or any of the available pair for tfuel. If your local currency is shown, then choose it.

·       Go back to home page

·       Point cursor on the 9 yellow square buttons and choose exchange

·       Click on your choosen pair -  for example, BTC

·       A buy / sell box will be displayed

·       Click on Market button

·       You will see the amount of BTC purchased

·       Click on the white bar below total and slide it, to display amount you want to spend.

·       Click on the green bar to buy Tfuel.

STAGE 5:

TO SELL CRYPTOS USING EITHER METHOD A OR B

METHOD A

·       Go to homepage

·       Click on buy now button

·       Click on sell Cryptos button on the right

·       Click on the arrow to select the crypto you want to sell

·       Enter the quantity of Cryptos to be sold

·       Amount to be received will be displayed

·       Click on next

·       Click on sell button

METHOD B

·       Go to Binance Exchange Homepage

·       Point cursor on the 9 yellow square buttons and choose exchange

·       Go to search and enter your desired Crypto to be sold, for example Tfuel

·       Click on the pair and scroll down to see the sell button

·       Drag the white bar in the sell area to the quantity you want to sell

·       Click on the red sell bar

STAGE 6:

WITHDRAWAL FROM BINANCE  INTO YOUR BANK ACCOUNT

·       Go to Binance Exchange Homepage

·       Point mouse to wallet

·       Click on overview

·       Click on withdraw

·       Ensure your desired currency is selected, for example GBP

·       Click on faster payment

·       Enter amount to withdraw

·       Click on continue

·       Enter the destination bank details and complete.

New User: Click Here to Create a free Binance Account and Verification.

Crypto currency Investors Risk

All investments have risks and digital currency is no exception.

·       The exchange / platform / website holding your digital currencies or Cryptos could disappear or shut down, resulting in the loss of all your Cryptos. An example of such an exchange is MTGOX.  

Written by Sarah Uwajeh for 247broadstreet.com

New User: Click Here to Create a free Binance Account and Verification

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