HOW TO BUY ALTCOINS ON BINANCE

in altcoin •  7 years ago 

Enter required information and register.

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After you have confirmed your email and you log in, you’ll be on the main page. Please Note You can withdraw 2 BTC daily unverified ! (No KYC)

  • DEPOSIT BITCOIN INTO BINANCE
    You’ll need to deposit some Bitcoin to be able to buy Altcoins. Click on ‘Funds’ and then ‘Deposit Withdrawals’.

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Search for “Bitcoin” on the left-hand side. then click on the “Deposit” button.
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This is your “BTC Deposit Address on Binance.” Click on the copy button.
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Your copied “BTC Deposit Address” is what you need to enter on your preferred Bitcoin exchange as the send address. For example within https://www.coinbase.com/join/5a0f81ebaa7f1c00cb2f19d1, this is where you would enter it.
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  • BUY ALTCOINS ON BINANCE
    On the main page, click on ‘Exchange’ and select ‘Basic’, you can pick "Advanced" but I recommend basic for now.
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Search for the Altcoin you want to buy on the right-hand side by clicking on it or using the search box.

Then select ‘Limit’ tab in the middle of the page to buy the altcoin using Bitcoin (BTC). You can enter an exact amount or use the predefined amounts.

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I recommend you do a ‘Limit’ order, you can set the amount you want to buy at. For transactions that are still open, they are listed under the ‘Open Orders.’

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Once you are done buying your Alt coin, you can see your totals within the ‘Deposit Withdraws’ page. The page will give you an overall estimated value and show you the total balance of all of the altcoins you own.
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://cryptosrus.com/how-to-buy-cryptocurrency-on-binance/

Do you happen to use the Binance Coin Bnb for the discount? Wondering how is it used, for instance per transaction one coin is deducted or how is it finally calculated? Thanks.

I do, the BNB is used to help pay the trading fee when buying or selling. Its deducted per trade : https://support.binance.com/hc/en-us/articles/115000583311-What-deductible-fees-does-BNB-charge-

Per trade, what amount of Bnb is deducted? If you buy 1 Bitcoin, how much Bnb is deducted?

https://support.binance.com/hc/en-us/articles/115000429332-Fee-Structure-on-Binance

Fee for trading
0.1% trading fee

If you have BNB, you can choose BNB to deduct 50% trading fee(temporary). So its .05 % of whatever amount of coin you are trading if you use BNB to cover trading fees