Cryptocurrency Q&A
How to buy Bitcoin with USD on Binance?
How to buy Bitcoin with USD on Binance?
Ilaria
Mon Jul 15 2024
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7 answers
1745
Could you please elaborate on the process of purchasing Bitcoin using US Dollars on the Binance platform? As a beginner in the cryptocurrency market, I'm curious about the steps involved in this transaction. Could you break it down for me, starting with setting up an account on Binance, verifying my identity, depositing USD into my Binance wallet, and finally, executing the purchase of Bitcoin? Also, are there any specific fees or considerations I should be aware of during this process? I'd appreciate a concise yet comprehensive description of the entire procedure.
7 answers
CryptoSavant
Wed Jul 17 2024
To initiate the process of purchasing Bitcoin with USD on Binance, users should navigate to the respective page on the platform.
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Elena
Tue Jul 16 2024
If the user has not previously purchased crypto on Binance using a debit or credit card, a prompt to "Add New Card" will appear. This is a security measure to ensure the card information is securely stored and can be used for future transactions.
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Valeria
Tue Jul 16 2024
To proceed with the card addition, click "Add New Card". A form will then appear, requiring the user to enter their card details, such as the card number, expiration date, and the CVV code.
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CryptoLodestarGuard
Tue Jul 16 2024
Once on the page, the dropdown menu is crucial for specifying the desired cryptocurrency and fiat currency. In this case, select Bitcoin from the cryptocurrency options and USD from the fiat currency options.
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TaegeukChampionship
Tue Jul 16 2024
Once all the necessary card details have been entered, click "Confirm" to submit the information. Binance will then verify the card details and store them securely for future use.
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