Have you thought about buying Ethereum (ETH) from Binance but don’t know how?
Binance offers the highest security features and the cheapest fees. You can quickly learn how to buy Ethereum (ETH) with the Binance app below:
1. Download the Binance App
You may download it from Google play or Appstore
2. Sign-up for a free account
Open the Binance app, then sign-up for a free account. You can sign-up using your e-mail or your mobile phone number.
You can receive 10 USD worth of cryptocurrency when you sign up by clicking the button below! Terms and conditions applies
Click here to buy Ethereum on Binance
3. Go through basic identity verification
You must pass the basic identity verification test before purchasing ETH or any other cryptocurrency
4. Buy Ethereum
On the home page of the app, type in ETH.
5. Buy ETH with your Debit/Credit Card
You can pay in various ways. We can use our Debit or Credit card as it’s recommended for users new to Binance or cryptocurrency. Tap “Buy Crypto with USD” to proceed
6. Enter the amount
The minimum amount of USD you can purchase is worth 15 USD, and the maximum is 12,000USD per transaction. Tap “Buy” once done.
7. Complete your purchase
You must complete your purchase within 1 minute at the current price. Otherwise, the price will be automatically recalculated based on the current market price. Tap “Confirm” to proceed to the next step
8. Enter your card information and Tap “Confirm.”
You will be asked to enter your credit/debit card details if this is your first time purchasing a cryptocurrency. Remember that you can only use your card details, not others.
9. The page will redirect to the bank’s transaction page.
You must follow the instructions on the screen to confirm your payment through your bank.
9. Purchase completed
Your purchased cryptocurrency will reflect in your spot wallet in real time. Your Binance account can also act as your digital wallet. Once you receive your ETH in your account, you can keep it in your crypto wallet or hold it in your Binance account.
Click here to buy Ethereum on Binance
You may refer to these FAQs (Frequently Asked Questions) should you need more clarification on some parts.
How much does it cost to buy Ethereum (ETH) on Binance?
You can deposit your crypto assets for free! The first thing you should do is to buy your Crypto or exchange from fiat and then deposit.
How can I buy Ethereum (ETH) from Binance using a Debit card?
You may follow the steps indicated above. Credit card is also supported.
How long does it take to buy Ethereum (ETH) to Binance?
It would take up to 30 minutes to complete, and it will still depend on the blockchain network traffic if it’s congested or not.
Is there any other supported payment method?
Yes. You can also purchase your ETH through Bank Deposit and Peer-to-Peer (P2P) trading.
Do I need a wallet to buy Ethereum (ETH)?
You need to have a digital wallet to secure your Ethereum. You can only access it through a private key provided to you.
Is it safe to store digital assets in Binance?
It is one of those highly-secured cryptocurrency exchanges. If you’re planning to be an active trader or want to keep your cryptocurrency for long-term purposes, you have made the right choice.
How important is KYC or Know Your Customer?
It is a process that is required mainly by financial institutions. It consists of information that is used to verify your identity. You won’t be able to access all of Binance’s features, such as higher account limits, if you have not completed or passed the KYC test. New or existing users are encouraged to submit their KYC information during their account opening or if they need to change some information (change of name due to legalities).
Is Binance a wallet or an exchange?
It is one of those highly-secured cryptocurrency exchanges. If you’re planning to be an active trader or want to keep your cryptocurrency for long-term purposes, you have made the right choice.
Is Binance suitable for beginners?
Whether you’re a beginner or not, Binance is the easiest and low-cost platform you can use
What are the Deposit and Withdrawal fees in Binance?
The deposit is free of charge. However, for each withdrawal transaction, you will be charged a fixed rate (depending on the cryptocurrency blockchain network) to cover the fees in moving your digital assets out of your Binance account. For the whole list of charges, you may check them out here.
What gives Ethereum value?
Ethereum is essential in Dapps or Decentralized applications, which are developed to create different applications like social media, Defi, GameFi, and general web browsing.
Famous examples of Dapps are Pancakeswap, Uniswap, 1inch, Aave, Upland, Steemit, OpenSea, Audius, TRACEDonate, MakerDAO, and Rarible.
Like any other cryptocurrencies, you must ensure that you have done your research and that you’re only investing what you can afford to lose. Do not put all your eggs in one basket. Learn how to diversify your portfolio and designate only a tiny percent of your investment