Buy Bitcoin with Low Fees and High Security on Binance App
How to Buy Bitcoin with Binance App
Binance is one of the world's leading cryptocurrency exchanges, offering a wide range of services and features for traders and investors. Bitcoin is the most popular and valuable cryptocurrency, with a market capitalization of over $600 billion as of June 2023. If you want to buy Bitcoin with ease and convenience, you might want to consider using the Binance app.
The Binance app is a mobile application that allows you to access the Binance platform on your smartphone or tablet. You can use it to buy, sell, and hold cryptocurrencies like Bitcoin, Ethereum, Chainlink, Rune, Cardano, Binance Coin, SHIB, and much more all with some of the lowest fees in crypto.
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In this article, we will show you how to buy Bitcoin with Binance app, and also explain some of the benefits and features of using this app. Whether you are new to crypto or an experienced trader, you will find something useful and interesting in this guide. Let's get started!
Benefits of Buying Bitcoin with Binance App
Buying Bitcoin with Binance app has many advantages over other methods. Here are some of them:
Low fees: Binance app charges some of the lowest fees in the industry for buying and selling Bitcoin. You can save up to 50% on trading fees by using Binance Coin (BNB) as your payment method. You can also enjoy zero fees for deposits and withdrawals on certain payment methods.
High security: Binance app uses advanced security measures to protect your account and funds. You can enable biometric authentication, anti-phishing code, withdrawal address whitelist, and SMS/email verification to enhance your security. You can also use the Binance Vault feature to store your Bitcoin in a secure and insured wallet.
Fast transactions: Binance app offers fast and reliable transactions for buying and selling Bitcoin. You can use the spot trading feature to execute your orders instantly, or use the limit and stop-limit orders to set your preferred price and quantity. You can also use the OCO (one-cancels-the-other) feature to place two orders at once, and cancel one when the other is filled.
Access to other cryptocurrencies and features: Binance app gives you access to over 200 cryptocurrencies, including popular ones like Ethereum, Chainlink, Rune, Cardano, Binance Coin, SHIB, and more. You can also use the app to access other features like futures trading, margin trading, staking, lending, savings, launchpad, launchpool, liquid swap, and more.
As you can see, buying Bitcoin with Binance app is not only easy and convenient, but also rewarding and fun. Now let's see how to download and install the app on your device.
How to Download and Install Binance App
For Android Users
If you have an Android device, you can download and install the Binance app from the Google Play Store or from the APK file. Here are the steps:
Go to the official download page and choose your preferred option.
If you choose the Google Play Store option, you will be redirected to the store page where you can tap on "Install" to download and install the app.
If you choose the APK file option, you will need to enable "Unknown sources" on your device settings to allow installation from external sources. Then you can tap on "Download" to download the APK file and install it manually.
Once the app is installed, you can open it and log in with your existing Binance account or create a new one.
For iOS Users
If you have an iOS device, you can download and install the Binance app from the App Store or from TestFlight. Here are the steps:
Go to the official download page and choose your preferred option.
If you choose the App Store option, you will be redirected to the store page where you can tap on "Get" to download and install the app.
If you choose the TestFlight option, you will need to install TestFlight on your device first. Then you can tap on "Download" to download and install the app through TestFlight.
Once the app is installed, you can open it and log in with your existing Binance account or create a new one.
How to Create and Verify a Binance Account
To buy Bitcoin with Binance app, you will need a Binance account. If you don't have one yet, you can create one easily using an email address or a phone number. Here are the steps:
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Open the Binance app and tap on "Register" at the bottom of the screen.
Choose whether you want to register with an email address or a phone number.
Enter your email address or phone number and create a password. Tap on "Create account".
You will receive a verification code via email or SMS. Enter it in the app and tap on "Verify".
Congratulations! You have created your Binance account.
To increase your security and access more features on Binance app, you need to verify your account. Verification is a process that confirms your identity and allows you to enjoy higher limits, lower fees, and more payment options. Here are the steps:
Open the Binance app and tap on the profile icon at the top left corner of the screen.
Tap on "Identification" and then on "Verify now".
Choose your country or region and tap on "Start".
Follow the instructions on the screen to upload your identity documents, such as your passport, driver's license, or national ID card.
Once your documents are uploaded, you will need to complete a facial verification. Tap on "Start verification" and follow the instructions on the screen to scan your face.
Wait for the verification to be completed. You will receive a notification when it is done.
Congratulations! You have verified your Binance account.
How to Fund Your Binance Account
To buy Bitcoin with Binance app, you will need to fund your Binance account with some money. You can do this in several ways, depending on your preference and availability. Here are some of the most common methods:
With Credit or Debit Card
One of the easiest and fastest ways to fund your Binance account is to use a credit or debit card. You can use this method to buy Bitcoin directly on Binance app, without having to deposit any fiat currency first. Here are the steps:
Open the Binance app and tap on the "Buy Crypto" icon at the bottom of the screen.
Select "Credit/Debit Card" as your payment method.
Enter the amount of Bitcoin you want to buy, or the amount of fiat currency you want to spend.
Select your currency and card type. Tap on "Next".
Enter your card details and billing information. Tap on "Pay now".
You will be redirected to a secure payment page where you will need to complete a 3D Secure verification.
Once the payment is confirmed, you will receive your Bitcoin in your Binance wallet.
With Bank Transfer
Another way to fund your Binance account is to use a bank transfer. You can use this method to deposit fiat currency into your Binance account, and then use it to buy Bitcoin on Binance app. Here are the steps:
Open the Binance app and tap on the "Wallet" icon at the bottom of the screen.
Select "Deposit" and then "Fiat".
Select your currency and payment method. Tap on "Next".
You will see the bank details of Binance. Copy them or scan the QR code.
Go to your bank's website or app and initiate a transfer to Binance using the bank details provided.
Enter the amount you want to deposit and add a reference code if required.
Confirm the transfer and wait for it to be processed. It may take up to a few days depending on your bank and country.
Once the deposit is confirmed, you will see it in your Binance wallet.
With P2P Trading
A third way to fund your Binance account is to use peer-to-peer (P2P) trading. You can use this method to buy Bitcoin from other users on Binance app, using various payment
