Wednesday, May 29, 2024

How to Buy And Sell Bitcoin On Binance (Step-by-Step Method)

Bitcoin () is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto.

In this post, we are going to learn how to buy Bitcoin on Binance exchange via the peer2peer method

If you missed our article, on how to signup and verify your binance account you may want to check that out and go through the process before continuing with this step

Also, learn to use this article to purchase USDT via p2p with your fiat currency through Mobile Money as we will be swapping it for some Bitcoin

If you already have a verified Binance account, you may continue with the rest of the steps below to purchase Bitcoin

STEP 1

Log in to the Binance app, and switch to Binance pro

STEP 2

Now move to the Trades tab and at the upper left Corner hit on Convert

STEP 3
Here you will be presented with an option to convert one crypto to another, eg USDT to BTC

STEP 4
Choose your currency pair, see the exchange rate and hit convert within 5 secs to confirm

Congratulations your conversion was successful, you can go back to your wallet and see your converted coin

This conversion process for example can be done in reverse order to sell your BTC back to USDT

Now that you have your USDT, you may like to watch our video on how to withdraw crypto directly to your Momo wallet or transfer it to another crypto account

YOU MAY ALSO LIKE  Trust Wallet - The Complete Tutorial 2022

JOIN OUR FAST GROWING CRYPTO COMMUNITY TO LEARN MORE

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