how to buy crypto on binance without p2p

To purchase cryptocurrency on Binance, register an account, verify your identity, deposit funds, select a crypto asset, place a buy order, and monitor its progress.

Jan 27, 2025 at 11:00 am

Key Points:

• Register for a Binance Account
• Verify Your Identity
• Deposit Funds into Binance
• Choose a Crypto Asset
• Place a Buy Order
• Monitor Your Purchase

Step 1: Register for a Binance Account

• Visit the Binance website and click on "Register."
• Provide your email address or phone number and create a password.
• Complete the captcha and click "Register."
• You will receive a verification email or SMS. Enter the verification code to complete your account creation.

Step 2: Verify Your Identity

• Binance requires users to complete identity verification (KYC) before they can buy crypto assets.
• Click on "Profile" in the top right corner of your Binance dashboard.
• Select "Verification" and follow the steps to provide your personal information, identity document, and a selfie.
• The verification process typically takes a few hours to complete.

Step 3: Deposit Funds into Binance

• Once your account is verified, you can deposit funds to purchase crypto assets.
• Click on "Deposit" in the top menu bar and select your preferred deposit method (e.g., bank transfer, credit/debit card).
• Follow the instructions to complete the deposit.
• The processing time for deposits varies depending on the method chosen.

Step 4: Choose a Crypto Asset

• Binance offers a wide range of crypto assets to buy and trade.
• Use the search bar or browse the "Markets" section to find the crypto asset you want to purchase.
• Click on the crypto asset's page to view its historical price chart and other information.

Step 5: Place a Buy Order

• Click on the "Buy" button on the crypto asset's page.
• Choose the type of order you want to place (e.g., market order, limit order).
• Enter the amount of crypto asset you want to buy.
• Review your order details and click "Buy (asset)."
• The order will be processed and executed based on market conditions.

Step 6: Monitor Your Purchase

• Once you have placed your buy order, you can monitor its status in the "Orders" section of your Binance dashboard.
• You will receive a confirmation email or SMS when your order is filled.
• You can view your crypto assets in the "Wallet" section of your dashboard.

FAQs:

• Can I buy crypto on Binance without ID verification?

No, Binance requires all users to complete KYC before they can buy crypto assets.

• What crypto assets can I buy on Binance?

Binance offers a wide range of crypto assets, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and others.

• What are the different types of buy orders on Binance?

Binance supports market orders, limit orders, and stop-limit orders.

• What is a market order?

A market order is an order to buy or sell a crypto asset at the best available market price.

• What is a limit order?

A limit order is an order to buy or sell a crypto asset at a specified price or better.