We may think that we are late to start buying Cryptos due to the rise that the market has had in the last months but it is not so, it is never late to start investing in the Crypto ecosystem, there are just some things you need to learn before, during and after investing, so I will show you everything you need to do to start in this fascinating Ecosystem.
So #StartInvestingInCrypto :)
The first thing you need to know before making any investment in Crypto and I could assure that it is the most valuable advice I can give you in this opportunity is that you must make a previous research about the project or any step you take when investing, in other words: Do not invest what you are not willing to lose; we know that any investment involves a risk, so keep your funds safe (SAFU) and do not get carried away by the FOMO but do your own research (DYOR).
Binance offers us several options to buy Crypto and the truth is that they are very easy to use:
1.- Binance P2P:
It's peer-to-peer trading that allows buying and selling cryptocurrencies through the Binance platform.
How do we know that Binance P2P2 is secure and reliable?
Binance P2P has an escrow service that safeguards the funds in Cryptos while the transaction is being executed. It was specifically designed to avoid theft and malicious attitudes of the counterparty with whom we are making the trade, avoiding that the counterparty if he has malicious intentions can escape with our funds without completing the operation, no doubt this adds to the confidence that Binance offers for its users to operate with confidence and security.
It also has 24/7 technical support, always available to assist us and help us in any inconvenience we may have.
Start buying your first cryptocurrencies on Binance P2P:
Follow the steps below to start buying your first Cryptos:
The first step to start: you must have your Binance account verified, you must have done the KYC (Know Your Customer).
Go to wallet, then click on funds and you will find the option to choose the Binance P2P section.
If you have already done it, what you have to do is to go to the Funds wallet and you can get the P2P section, add the payment method of your preference in ''payment methods''.
Once you have finished this step, you can start looking for the merchant of your choice with the price that suits you best. It is important to highlight that Binance has some filters that make it easier for us to find those merchants we need, these are: the crypto you want to buy ( $USDT, $BTC, $USDC, $FDUSD, $BNB, $ETH, $DOGE, $ADA or $XRP) by amount and by payment method.
Once you have chosen the merchant, fill in the amount of fiat you will buy. There on the screen you will see all the information, release time, terms and conditions, amount, amount of Cryptos you will receive and payment method.
Use the chat to talk to the counterparty, contact him and tell him that you are willing to make the payment.
Then you can proceed with the payment. You will find the details in the order.
After making the payment, it is important that you mark paid, otherwise you will not be able to release the Cryptos.
When the trade is completed, you will have your first Cryptos in your wallet of funds.
Remember to qualify the merchant
Important: In case you have any inconvenience with your counterpart after the payment has been made, ask for an appeal where the technical support will intervene to help you.
Note: It is advisable to trade with those traders that are verified (they have a check next to their Nickname) since they go through a verification process with a specialized team where they must meet certain requirements to be part of the Binance verified traders, for that reason if we want to have even more security when opening an order, these are a very good option, one more security filter that Binance provides for the safety of users.
2.- Buy Cryptocurrencies with a Credit/Debit Card:
With this option the first thing you must do is to place in the search engine ''deposit'' select the amount you want to buy with your fiat currency and automatically you will be able to observe the amount of Cryptocurrencies you will get.
Click on ''add new card'', enter the card details. It is important to know that you must use a card that is in your name.
Enter your billing address, click on ''add card''.
For the last time verify the data and confirm the purchase.
In this simple way you can buy Crypto with credit/debit card.
Note: After a few minutes, Binance will recalculate the price and the Cryptos you will receive. You can refresh or refresh the page to see the latest market price.
As a last step in this option, Binance will redirect you to a one-time password authentication page of your bank. Following the steps you will be able to verify the payment.
It is very easy to invest in Cryptocurrencies with Binance, choose the option that suits you best, remember that we have the responsibility of our funds in our hands, so collecting information about what we are going to invest is extremely sensible, do not get carried away by those who want to scam you.
This way you can choose which is your favorite option to buy Cryptocurrencies in a very simple way and so you can start taking your first steps investing in Crypto.
Because of how attractive Cryptocurrencies are, some Scammers may want to take advantage of those new to the ecosystem, so it is very important that we know the security measures we can take.
As we know that security is very important and now that you have Cryptocurrencies in your wallet I will give you some security tips to protect your funds and keep #SAFU all your funds:
a.- Do not share your password with anyone, rather change it frequently and choose one that is very secure.
b.- Be careful with scammers, they act in different ways: they impersonate Binance employees, impersonate Binance angels or simply impersonate technical support. Do not trust, contact the 24/7 technical support chat or ask in the official Binance groups.
c.- Enable 2-factor authentication (SMS, fingerprint, authenticator).
d.- Anti Phishing Code, this is a secret code that you choose and will be included in all genuine Binance emails. For example, if your anti-phishing code is 0000 when you receive an email in your inbox this code will be there, if on the contrary it is not there, it means that it is a malicious email.
Glossary of terms:
Cryptocurrency: it is a digital currency in blockchain technology that allows peer-to-peer transactions, some are: BTC, USDT, BNB and ETH.
FOMO: Or rather fear of missing out which means fear of missing out and it is that feeling of worrying about the possibility of missing out on some interesting events.
DYOR (Do Your Own Research): It is widely used among cryptocurrency enthusiasts emphasizing to do our own research.
Tell me in the comments how was your experience with buying Cryptos!