Sunday, April 21, 2024

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

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH or Ξ) is the native cryptocurrency of the platform.

Amongst cryptocurrencies, Ether is second only to Bitcoin in market capitalization.

Ethereum was conceived in 2013 by programmer Vitalik Buterin.

The Ethereum blockchain allows anyone to deploy permanent and immutable decentralized applications onto it, with which users can interact.

Decentralized finance (DeFi) applications provide a broad array of financial services without the need for typical financial intermediaries like brokerages, exchanges, or banks, and also allows for the creation and exchange of NFTs, which are non-interchangeable tokens connected to digital works of art or other real-world items and sold as unique digital property

In this post, we are going to learn how to buy Ethereum through Binance exchange via 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, use this article to purchase USDT via p2p with your fiat currency through Mobile Money as we will be swapping USDT for some Eth

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 from USDT to SOL

STEP 4


Choose your currency pair, preview 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

To sell Ethereum back to USDT, simply reverse the order and switch the Ethereum back to USDT

YOU MAY ALSO LIKE  How to Buy And Sell Bitcoin On Binance (Step-by-Step Method)

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

JOIN OUR FAST GROWING CRYPTO COMMUNITY TO LEARN MORE

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