Purchasing Cryptocurrency on Binance: Credit/Debit Card
Before buying cryptocurrency on Binance, you need to complete the Know Your Customer (KYC) verification. KYC helps us ensure that you are who you claim to be and comply with our legal requirements.
Once your identity is confirmed, you can start purchasing cryptocurrency through various methods:
- Credit/Debit Card: The easiest option for new users.
- Fiat and Spot Wallet Transfer: Transfer fiat currency from your bank account and use it on the exchange.
- Binance P2P: Buy cryptocurrency directly from other users using Binance's peer-to-peer service.
Purchasing Cryptocurrency using a Credit/Debit Card
1. If you are still on the Binance homepage, click [Buy Crypto with Credit Card]. Otherwise, on the Binance homepage, hover over [Buy Crypto] and select [Credit/Debit Card].
2. Choose the currency you want to pay with and the cryptocurrency you want to buy. In our example, we will buy Bitcoin (BTC) for 100 British Pounds. Click «Continue» to select the card for payment. The «Regular Purchase» switch allows you to set up regular purchases or sales as you prefer.
3. Now, you need to enter your credit or debit card details. Confirm the amount and then click «Add New Card.»
4. Enter your card details and click «Next.» Note: Only a credit or debit card registered in your name can be used.
5. Enter your billing address and click «Add Card.»
6. You will now be taken back to the «Buy Crypto with Card» page. Enter the amount and click «Continue.»
7. Double-check the order details and tick the box if you have read and agreed to Binance's Terms of Use and Privacy Policy. Click «Confirm» to complete the payment.
8. After the process is completed, the purchased cryptocurrency will be credited to your spot wallet (button «Fiat and Spot»). Typically, the account creation and reaching this stage take no more than 10 minutes.
For a more detailed guide, you can refer to the official Binance website here.