Cryptocurrencies, like Ethereum (Ethereum) 💎, have undergone a radical transformation in global finance, becoming a major investment asset class. For beginners, centralized trading platforms like Binance (Binance) 🌐 provide the easiest and most secure gateway to purchase. We will guide you through this step-by-step guide to buying cryptocurrencies, focusing on the process of purchasing Ethereum.
Ethereum (Ethereum) ⚡ is the second largest cryptocurrency by market cap, representing the backbone of thousands of decentralized applications. If you are ready to start your investment journey in cryptocurrencies, the Binance platform provides you a safe and fast environment to own Ethereum.
Buying Ethereum on Binance is a simple and straightforward process. Follow these four easy steps to buy ETH instantly, benefiting from the lowest fees and highest security standards that the platform offers.
Step 1: Register and verify your identity on Binance 🆔
Binance is a centralized exchange (CEX) that allows you to buy Ethereum and many other cryptocurrencies. Before you can use the platform, you need to open an account and verify your identity.
Registration:
* Via the app: 📱 Download the Binance app and register using your email or mobile phone number.
* Via the website: 💻 Register on the website using your email and mobile phone number.
Identity verification (KYC):
Identity verification ✅ is a mandatory step to open higher trading and withdrawal limits, and it also ensures that Binance remains a safe place for all traders. Follow the instructions within the platform to provide the necessary identification documents to complete the verification process.
Step 2: Choose the appropriate purchase method 💳
Binance offers multiple options to purchase cryptocurrencies, giving you the flexibility to choose based on your payment preferences.
You have the following options:
1. Purchase with debit/credit card (easiest for beginners):
If you are a new user, this is the easiest and safest option to buy Ethereum directly.
Go to the cryptocurrency purchase page: Navigate to the "Buy cryptocurrencies" section on Binance.
Select currencies: Choose Ethereum (ETH) 🟣 and the fiat currency you wish to pay with (such as US dollars USD 💵 or your supported local currency).
Choose a payment method: Select the "Card" 💳 option and press "Confirm."
Add card: If you have not purchased before, the option "Add new card" will appear. Enter your card details and press "Confirm."
Confirm the order: On the payment confirmation page, check the details and confirm the order within the specified time limit (usually one minute ⏱️). You can press "Update" to get a new price quote.
* Completing bank payment: You will be directed to your bank's one-time password (OTP) page. Follow the instructions to verify the payment.
2. Payment via Google Pay or Apple Pay:
If you prefer to use digital payment wallets:
* Go to the Ethereum purchase page.
* Choose Ethereum (ETH) and the fiat currency.
* Choose either "Google Pay" or "Apple Pay" 🍏 as your payment method and then press "Confirm."
* Confirm payment details in the pop-up window to complete the purchase.
3. Peer-to-peer trading (Binance P2P):
This service allows you to buy Ethereum directly from other users 🤝 on Binance using your local currency, supporting a wide range of local payment methods.
Go to the Binance P2P page.
Choose your local currency, then press the trading pair "ETH."
Choose the seller and payment method you prefer to start trading according to the instructions on the page.
Step 3: Complete the purchase and receive Ethereum 📥
After you choose your payment method and confirm its details, the order will be completed successfully.
Price confirmation: Remember that you have only one minute ⏳ to confirm the order at the current price. After this minute, your order will be recalculated based on the current market price, and you need to press "Update" to get the new price.
Cryptocurrency Display: Once payment is verified (either by card or P2P), the Ethereum (ETH) coins you purchased will appear in your Spot Wallet 💼 on Binance.
Step 4: Manage Ethereum (ETH) 🔑
Once you own Ethereum, you can decide how to manage it:
Storage: You can safely leave your coins inside your Spot Wallet 🛡️ on Binance.
Trading: You can use the Ethereum you purchased to trade it for other fiat or cryptocurrency. Binance offers thousands of trading pairs, giving you great flexibility to enter and exit the market easily.
Good luck on your investment journey! 🌟 If you have any inquiries about purchasing cryptocurrencies, feel free to ask
You can buy Ethereum directly on the Binance platform through the following link: