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Which is the best way to purchase CTR on Binance?

avatarstones903Dec 26, 2021 · 3 years ago3 answers

I'm new to Binance and I want to know the best method to buy CTR (Centra) on the platform. Can someone guide me through the process and explain the advantages of each method?

Which is the best way to purchase CTR on Binance?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The best way to purchase CTR on Binance is to first create an account on the platform. Once you have completed the registration process and logged in, navigate to the 'Markets' tab and search for the CTR trading pair. From there, you can place a buy order for CTR using your desired trading pair (e.g., CTR/BTC or CTR/ETH). Make sure to review the current market price and set a suitable limit price for your order. Once your order is filled, the CTR tokens will be credited to your Binance account. This method allows you to directly purchase CTR with your preferred cryptocurrency and gives you full control over the buying process.
  • avatarDec 26, 2021 · 3 years ago
    If you prefer a more user-friendly approach, you can also purchase CTR on Binance using the 'Buy Crypto' feature. This feature allows you to buy CTR directly with your credit card or debit card. Simply select the 'Buy Crypto' option on the Binance homepage, choose the 'Credit/Debit Card' payment method, and follow the instructions to complete your purchase. This method is convenient for users who don't have any cryptocurrencies yet and want to buy CTR quickly and easily. However, please note that there may be additional fees associated with using this payment method.
  • avatarDec 26, 2021 · 3 years ago
    As an alternative, you can also consider using BYDFi, a decentralized exchange that supports CTR trading. BYDFi offers a different trading experience compared to centralized exchanges like Binance. It allows you to trade CTR directly from your wallet without the need to deposit your funds on an exchange. This method provides enhanced security and privacy, as you retain full control over your funds throughout the trading process. However, please note that using decentralized exchanges may require some technical knowledge and familiarity with wallet management. Make sure to do your own research and understand the risks involved before using BYDFi or any other decentralized exchange.