Identity Verification or Know Your Customer (KYC) standards are designed to protect your account against fraud and prevent corruption, money laundering, and terrorist financing. Based on your region or selected payment channels, you may need to enhance your Identity Verification level to improve your account security. To learn more details, please refer to How to Complete Identity Verification.
3. Buy or deposit crypto and transfer it to your Spot Wallet
Now we’ve set you up with your Binance account, let’s purchase some cryptocurrency. You’ve got a few options to choose from when purchasing crypto:
Credit/debit card: the most straightforward option for new users.
Deposit funds into your Spot Wallet: Transfer fiat currency from your bank account and use it on the exchange.
Buy crypto from other users via peer-to-peer trading (P2P trading)