Today, we are going to learn the step by step tutorial, on how to use Debit or Credit Cards on Binance Exchange to purchase cryptocurrencies.
This is a feature that we have all been asking for such a long time and Binance has finally launched this platform. And today, we are going to show you how to use this platform yourself.
And if you do find this post informative, I would greatly appreciate it. If you would give this post a thumbs up and it helps to boost the post to be shared by more people down the road and overall, it helps the adoption of cryptocurrencies.
So, if you are a new user to Binance, go to register to fill out the basic info and get yourself logged in. Here is the link to sign up to Binance, it is a referral link if you use that link it will not cost you anything.
So, if you are already a part of the Binance community, you’re going to hit log in. Fill out your info and get yourself logged into your account.
Once you log into your account. This is what you’re going to see, you have all the markets down here and the news up here.
As you can see on this right side, you can rotate between different news topics but we are looking at the credit card payments tab.
How to Use Debit or Credit Cards On Binance
Click on the “credit card payments” tab and you’re going to have some info down about, why to use Debit or Credit Cards On Binance exchange?
- Fast: Average of 10 to 30 minutes for crypto to reach your wallet.
- Low fees: Only 3.5% per transaction or 10 USD whichever is higher
- Convenient: Visa and MasterCard accepted.
So, you can purchase bitcoin Ethereum and Litecoin on this platform.
I highly suggest if you are planning on just purchasing all coins, just stick with bitcoin and then go over to the market and buy whatever all coin you want and you’re good to go.
So, I’m going to do 50 dollars and then that is the bitcoin I am going to be receiving on to my accounts.
So, going ahead and press Buy Now and then we get this disclaimer talking about how we are leaving Binance.com to go to simplex.com.
So, this is all going to be running off to simplex.com. They are a partner directly with Binance.
Binance is not necessarily going to directly to do the transaction. So, go ahead and make the payment.
Now we do have to fill out some information. I know we hate to do it, we hate to put it in our personal info and do KYC but we have to do it.
So first of all, you’re going to fill out all this info and then we will be going on to Step Two.
Add all that info they are going to ask you to confirm your cell phone number as well as your email address.
Once you do that, the page you are going to see is the first name on credit card last name, etc. Put in your credit card info and go ahead to pay now.
So, go ahead and press pay now, You are going to see your I.D. page.
You do have to send in post a picture and with your ID, the front back of your driver’s license, your I.D. card etc. and then fill out all this information.
So, once you finish putting in your verification information, it will take a couple of minutes to process that info and then your transaction will be confirmed and you will get a thank you page.
Once all of that happens, come back over to the home page of Binance and you can go up to your funds tab and your balances.
This is where you’ll be able to view your actual Bitcoin Ethereum or LikeCoin that you just purchased. It should show up right here in one of these three tabs.
And then, if you want to go over and purchase other alternative coins whether that can be Cardano, Ripple, etc, you can simply go up to exchange tab and go to basic or advanced and then this is where you can choose which market you want to go into.
So, if we want to be in the bitcoin market, we would press Bitcoin here and then say, for example, I wanted to go to Cardano which is an A.D.A. so make sure you know your ticker symbols, go to A.D.A. and they also list out the name here Cardano.
And if you want to purchase at this current price of three and eight-tenths of a cent you can go ahead and do so.
You can put in the amount of Cardona you want to purchase and simply press Buy and you will be all ready to go.
Once your order is processed, you can go back to the funds tab, balances and then you will be able to see your Cardano in that tab.
So, that’s a little extra step if you want to purchase other cryptocurrencies other than that just bitcoin Ethereum and LikeCoin that you just purchased off of the other platform.
Using Debit or Credit Cards On Binance is very simple. I really like how they created a step by step process.
It’s not too techie, not advanced or anything like that. Any beginner can go through the process and do this now. Also, I think this is going to be a huge competition for platforms like Coinbase.
As of right now, Coinbase is the number one on-ramp for cryptocurrencies and Binance is the number one exchange for all other alternative coins.
Now, Binance has everything that Coinbase has. You really don’t need to use Coinbase that much when you can just use Binance and have all of your credit card payments directly sent into your funds tab and then you’re all good to go.
So let me know in the comments below, what you guys think about this whole little system. If you like it or if you don’t like it.