Everyone knows how to buy Bitcoin, however, not all are familiar with other Cryptocurrencies. The first step is to get you a good exchange that allows buying and selling of Bitcoin using fiat currency. The second step is to find a good exchange that allows you to buy Cryptocurrency using Bitcoin.
Here are the steps to buy Crypto currency on Binance:
First thing is to navigate to Binance and create an account which you will be familiar. Enter all of your information and register. You’ll be on the main page after you have confirmed your email and you log in.
You’ll need to deposit your Bitcoin to be able to buy other Cryptocurrencies. Click on ‘Funds’ and then ‘Deposit Withdraws’. Next, search for “Bitcoin” on the left-hand side. Once it shows up, click on the “Deposit” button. You will now see your “BTC Deposit Address.” Click on the copy button. The copied “BTC Deposit Address” is what you need to enter within your Bitcoin exchange as a send address.
Now head to the main page of Binance, click on ‘Exchange’ and select ‘Basic’ or ‘Advanced’. Start with the basic version. Now Search for the crypto currency you want to buy on the right-hand side by clicking on it or using the search box. Then select ‘Limit’ or ‘Market’ tab in the middle of the page to buy the crypto currency using Bitcoin (BTC).
Binance will buy at the best price possible, if you select ‘Market’. However, if you wanted to do a ‘Limit’ order, you can set the amount you want to buy at. For transactions that are still open, they are listed under the ‘Open Orders.’ Once you are done buying a crypto currency, you can see your totals within the ‘Deposit Withdraws’ page. The page will give you an overall estimated value and show you the total balance of all of the Cryptocurrencies you own.
As simple as that, now you know how to buy crypto currency on Binance.
Wish you all the best,