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What are the steps to purchase a coin using BTC on Binance?

avatarKruse KrogDec 26, 2021 · 3 years ago1 answers

Can you provide a step-by-step guide on how to purchase a coin using BTC on Binance? I'm new to cryptocurrency trading and would like to understand the process better.

What are the steps to purchase a coin using BTC on Binance?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    Of course! Here's a simple guide on how to buy a coin using BTC on Binance: 1. Start by creating an account on Binance and completing the necessary verification process. 2. Deposit BTC into your Binance wallet by going to the 'Funds' section and selecting 'Deposits'. Copy the BTC deposit address provided and transfer your BTC from your external wallet to this address. 3. Once your BTC deposit is confirmed, navigate to the 'Markets' section and search for the coin you wish to purchase. For example, if you're interested in buying Litecoin, search for 'LTC/BTC'. 4. Click on the trading pair and you will be directed to the trading page. Here, you can place your buy order by selecting the order type, entering the desired amount of the coin, and confirming the transaction. 5. Once your order is filled, you can view your purchased coins in your Binance wallet. I hope this helps! Let me know if you have any more questions.