Criptomais experts studied the main ways to buy Bitcoin in Binance – the leading cryptocurrency broker, whose daily trading volume reaches hundreds of billions of dollars. This is the site that both beginners and professionals turn to most often.
Cryptocurrency Exchange Website: binance.com
Top 5 Ways to Buy Bitcoin on Binance:
- Buy for fiat currency through a trading terminal. It is necessary to deposit fiat currency, for example, reais, to the balance (you can do this by replenishing it through payment systems payeer, AdvCash). Then open the spot market terminal, select the BTC/Real pair and make a purchase.
- Buy with card.
- p2p. Buying from other Exchange users on Binance P2P. You will need to transfer the payment directly to the seller's card/wallet.
- liquid swap. Integrated DeFi AMM exchange. Generally enabled OF THE Bitcoin is not bearable, but it is available in this centralized system. You can buy an amount from 0.00002 to 5 BTC with stablecoins.
- Through exchanges. You just need to know the replacement address of the exchange's BTC wallet to buy coins on the exchange and credit them to your account.
How to buy Bitcoin cryptocurrency on Binance exchange: all methods
If you plan to make a purchase with fiat currency (reals, euros, etc.), you will first need to go through identity verification – provide passport data, a photo of your ID, a photo of your own face, and other information. After the moderators verify the data (which usually takes a day), the possibility of depositing and withdrawing fiat currency opens.
How to buy Bitcoin for real via the Binance trading terminal:
- Top up your balance. Supra homepage open the “Wallet” menu, select “Fiat and spot”.
- Press the “Enter” button on the line with Real.
- Select a Deposit method. From time to time, some methods may be disabled and enabled again. For example, at the moment you can top up your Binance account from a Visa/Mastercard bank card (commission 3.3%), from a payment system AdvCash (no commission) or payeer (also without commission).
Top up your Binance exchange balance with Brazilian Real (Real) - Enter the replacement amount and, accessing the payment system and bank website, follow the Tips.
- Go to the trading terminal, select a pair, for example, BTCReal.
- Create a purchase order. For example, for a limit order, you need to specify the price purchases in reais and necessary amount BTC. To buy instantly, use a market order.
Creating an order to buy Bitcoin in the Binance exchange trading terminal
Direct purchase of Bitcoin with card
Another way is to go to the “Buy cryptocurrency“in the top section and select”Recharge your card» or go to link.
It doesn't take long to receive the money. Once the money is in your account, you can proceed directly to buying bitcoin:
- Go to your wallet again. Click on the “Trade” button on the BTC line.
- Select the desired currency pair. In this case, BTC/Real.
- Once in the trading terminal, create an order to buy cryptocurrency.
Bitcoin Buy Order - To do this, enter the price at which you want to make a purchase and the amount of assets for the transaction (if you selected a limit order). You can also select the “Market” order type to specify exclusively the amount and buy Bitcoin at the current market price.
This method is good because it does not require significant commission costs. There is a method that is easier for beginners but has higher commission fees. It also requires completed account verification.
Binance allows you to buy Bitcoin directly from your bank card. To do this, you can click “Buy” on the Bitcoin line in your wallet, or via the top menu between to the section “Buy cryptocurrency» -> «Credit/Debit Card».
Select the fiat currency and enter the amount. The supported amount is from 1,000 to 600,000 Real. Select the cryptocurrency you want to buy (BTC).
If you have not used this method yet, only the “New card” item will be available to you. Click on “Buy BTC” and follow the instructions from your card issuing bank. Usually you need to confirm the transaction via SMS.
Buy Bitcoin and other cryptocurrencies through p2p trading
Another option available to verified users is to buy Bitcoin on Binance through the Binance P2P.
How to work with this platform:
- Go to the “Buy Cryptocurrency” -> “P2P Trading” section.
- View the available offers in the section. You can use filters to narrow down the list – specify the amount, purchase currency and payment method.
- Click “Buy BTC” on the selected offer.
- Discuss the terms of the transaction with the counterparty and receive payment details from them.
- Transfer fiat currency in the specified amount outside the brokerage, directly to a bank card or EPS account.
Upon receiving your payment, the counterparty will confirm it and the cryptocurrency will be credited to your exchange account.
Buying Bitcoin through Binance partners
Exchange partners for fiat payments are Simplex, BANXA, Mercuryo. You can use their services through the “Buy cryptocurrency» -> «Third-party partners» or going to link. Each payment method has its own minimum limits. Simplex – 2,200 reais, Mercuryo – 2,100 reais, BANXA – 2,000 reais.
Further actions depend on the selected payment provider. As a rule, you will need to enter information about the card and its owner and confirm the information.
Exchange BTC on Liquid Swap
In liquidity pools liquid swap Binance You can buy Bitcoin for various cryptocurrencies and stablecoins from the list of supported currencies. The exchange is instant, with low fees and tight spreads. This method is especially advantageous for large transactions.
The tool also allows you to generate revenue by adding liquidity to pools. The frequency and volume of revenue depends on the trading activity in a given pool, because rewards are based on trading fees.
How else can you buy BTC?
In addition to the Binance exchange, there are the following options for purchasing Bitcoin:
- Other cryptocurrency exchanges – Currency.com, EXMO, Bybit, cooperative, OKEx, Payeer Exchange, BTC alpha, Free2ex and others.
- Exchanges de Bitcoin.
- exchanges p2p – Criptolocator, Bitcoins sites, He wanted, Monabey, LocalCryptos, Bitpapa and others.
- Telegram Bots.
- Electronic payment systems – AdvCash, payeer and others.
- Portfolio – Atomic Wallet, Trust wallet, Trustee Wallet, Jax and others.
- Crypto.
Bitcoin Wallets
Having acquired BTC for long-term storage, the ideal solution would be to withdraw the cryptocurrency to an external hardware wallet, where it will be stored completely safely. Finally, even the most reliable exchange may one day not withstand a hacker attack, resulting in the loss of savings.
It is also possible to store Bitcoin in decentralized software wallets that do not have access to the user's keys. There are software wallets for all platforms, so it is easy to choose the right one. Examples – Exodus, Trust Wallet (which, by the way, is owned by Binance), Metamask, official Bitcoin Core.
Frequently asked questions
Conclusion
We have considered all the main methods that allow you to buy Bitcoin on Binance. This cryptocurrency exchange is actively developing and regularly introduces new convenient features, so the range of available options will continue to expand. Choose based not only on convenience, but also on cost, so that the purchase is as profitable as possible. Try not to keep the purchased cryptocurrency on your exchange account for a long time, but withdraw it to your own wallet for security reasons.