In today's guide we will see how we can buy and sell various cryptocurrencies from binance which is one of the largest and most reliable exchanges easily and quickly.
How to register in Binance
Registration bonus -10% from here.
First to get started we need to connect to the binance exchange from here to get -10% discount on your fees and then you will select the country you are currently in and click confirm (If you have difficulty with English you can go up and right where he will write english you can put the Greek language)
Then after we press confirm it will take us to select the account category we want to have I will choose to have Creating a personal account and on the next page we will put the email and the security code and it turns out that you will get -10% with your registration.
Once you have entered the password and email you will click on the next one and it will ask you to certify your email and phone and finally it will ask you for an ID and residence certificate the easiest way is to send a bank statement from revolut and send it to you accept directly because with the Greek documents they have an issue with abroad (to know certification is necessary because imagine binance as a cryptocurrency bank must know its backs and you if something happens you can prove that you are the account manager)
How to buy cryptocurrencies
Once you have certified your account to buy cryptocurrencies you can in two ways.
First way to buy cryptocurrencies with a card.
On the home page we will click on the category Buy Crypto EUR >> Credit / Debit Card and we will put in Spend with what currency we want to pay Euros, Dollars etc. In the category below we choose what cryptocurrency we want to buy (If the currency we want to buy is not there but it is in binance we will show it later how to buy it) now for educational purposes you can buy BTC which is Bitcoin.
Then he will ask you to put your card (I personally buy with revolut card visa because many Greek banks have an issue) and press continue and that was buy your first crypto.
Second way to buy SEPA cryptocurrencies
The next way is by bank transfer method SEPA you will go to the Buy category Crypto EUR >> Deposit you will select the currency you want to pay and press keep on going. and after you put the money you want to send you will click keep on going and you will send the money to this account. ( The method with the sepa process to show you the money will take 2 to 3 working days)
How to buy different currencies
The first thing you need to do to see how to buy a cryptocurrency is to go to coinmarketcap and click on a currency you want for example I will look for VIDT then go to the market category and see in binance what it trades with.
Example: We see that USDT, BTC, BUSD are traded in 3 currencies, so in order to buy VIDT we have to follow the previous procedure we did above and buy 1 of the three, for presentation reasons we will choose USDT
So after you buy them USDT you will go to class Trade >> Advanced and it will show you in the btc chart you will click on the photo that is circled for the search you will write FAR depending on the currency you want and you will select the category VIDT / USDT.
Once you click on the vidt / usdt category it will take you to its chart vidt / usdt and the top right will have the category Spot you will select Buy then it has three categories Limit, Market, Stop Limit you will put it Market. In Avbl you will have the money you have in usdt so below the total you will put how much money you want to put in the currency and you will click buy Vidt and immediately the usdt will be removed in your wallet and you will have vidt. If you put the halves, ie 50-50 you will have 50% in vidt 50% in USDT.
How to sell cryptocurrencies
The process of selling a cryptocurrency is simply the same instead buy you will put the option sell and you will get your money in usdt either with profit or loss.
This was the guide I hope you found it easy and I helped. if you want you can share this guide with someone who wants to get started in cryptocurrencies.