How to Buy/Sell Cryptos with Credit/ Debit card and Spot trading (Spot market) on Binance app?
How to Buy/Sell Cryptos with Credit/ Debit card and Spot trading (Spot market) on Binance App?
Before getting started, please make sure you have completed the identity verification. Now let’s take a look at how to buy cryptos.
Step 1: Login in to the Binance App.
Select [Credit/Debit card].from the home screen.
Tab “USD” to open the list of supported fiat currencies available and choose the currency you want to use.
Take “USD” as an example.
Then select the crypto you want to buy. Let’s try to buy “BTC”. Next insert the amount of [USD] that you want to spend. Then click on [Continue] to go to the next step.
Step 2: Add your card details:
Fill in your card details and payment address:
Check the amount you wish to spend is correct and then tap “Confirm” at the bottom of the screen.
The transaction is complete.
Your purchase crypto will go directly to your spot wallet. You can start spot trading.
Step 3: Spot trading:
Click on [Trade] to go to the spot trading page. On the left-hand side is the “order book” section: asks (sell orders) on top in red and bids (buy orders) at the bottom in green.
Here is the trading page interface:
- Market and Trading pairs.
- Real-time market candlestick chart, supported trading pairs of the cryptocurrency, “Buy Crypto” section.
- Sell/Buy order book.
- Buy/Sell Cryptocurrency.
Open orders.“Spot” means exchanging one crypto for another.[Limit] price is an order type that allows you to buy or sell crypto for a specific price.
[Market] price allows you to buy or sell crypto for the real-time market price. Users can also utilize advanced features such as [Stop-limit] or [OCO] to make orders.
Here you can see your [Open orders] [Orders History] and [Trades History].
*The “Buy Crypto” section:
You can use [Limit order] to buy BTC. Insert the amount of the USDT you want to buy for the price. For example, you need 10000 USDT. Select the percentage of the BTC you want to buy. When the market price of BTC reaches 48789,81; “limit order” will be completed. You will have BTC in your spot wallet. If the market price of BTC doesn’t reach that price or you no longer want to wait for the order, you can click on [Cancel] to cancel your order.
*The “Sell Crypto” section:
You can follow the same steps as “Buy Crypto” to sell BTC.
If you want to sell BTC at a market price, you can use [Market] order and enter the selling quantity to complete the transaction. You will find 12000 USDT in your spot wallet.
Nowadays, cryptocurrency trading has created more favorable conditions for investors to obtain lucrative profits. However, like any other form of investment, there are certain factors you must be aware of. In the absence of the theories of the cryptocurrency market, it is a task of challenge for beginners to get the hang of the market. We highly recommend you join our community to stay updated on the latest news thanks to the support of experienced admins.
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Above is the detailed instructions for Cryptos purchase and Spot trade on Binance app of TPM PC. Thank you!