Mastering Crypto Purchase With Local Currency

Main Takeaways

• One of the quickest ways to start your cryptocurrency journey is by buying crypto with your credit or debit card, with options for recurring purchases available.

• Fiat deposits let you fund your account easily and buy crypto whenever the timing’s right.

• With P2P trading, you can negotiate prices and choose the payment method that works best for you.

Thinking about dipping your toes into crypto, but not sure how to get in? Getting started is easier than you might think! These days, you don’t need a complicated setup or a foreign bank account — just your local currency and a few simple steps. Even if it’s your first time buying crypto, Binance offers straightforward ways to get started. Let’s dive into the top three ways you can use your local currency to get transported into the future of finance.

Buy Crypto with Credit/Debit Card 

Buying crypto with a credit or debit card is one of the quickest ways to get started. This method provides instant access to your purchased assets, making it a great option for new users. With a bank card, you can also set up automated, recurring purchases, allowing you to build a portfolio over time while benefiting from a dollar-cost averaging (DCA) strategy. For added convenience, Apple Pay and Google Pay are also supported on Binance, offering fast and secure alternatives.

To get started, head to the Buy Crypto page. Choose your local currency and preferred crypto asset, then select Card under the [Pay With] option. 

If you’d like to set up a recurring purchase, simply select [Recurring Buy] from the top of the page. Thereafter, pick your fiat currency, crypto, and how often you’d like to buy.

For more details on purchasing cryptocurrency with a credit or debit card, check out this guide.

Fiat Deposit

Funding your Binance account with a fiat deposit makes buying crypto simple and straightforward. By depositing currencies like EUR directly into your account, you can make bulk deposits and have funds ready whenever you want to make a purchase. This is a great option if you plan to buy crypto regularly, as it lets you keep funds in your account to be used to purchase cryptocurrency when you think the moment is right.

To make a fiat deposit, go to the Binance homepage and select [Add Funds] to access the deposit page. 

From there, choose the currency you’d like to deposit (in this example, EUR) from the top right and click on [Deposit EUR] to complete your transfer.

For more details on purchasing cryptocurrency with fiat deposits, check out this guide.

P2P Trading

For those who value flexibility in buying crypto, Binance’s peer-to-peer (P2P) platform might be the ideal choice. With P2P trading, you can buy crypto directly from other users like you or verified merchants, giving you the freedom to negotiate prices and select from various payment methods that suit your needs.

To access P2P trading, select [P2P] in the [Trade] page.

Then, choose your preferred currency (in this example, VND) and cryptocurrency (in this example, USDC) to browse available offers.

For more information on how P2P trading works, click here.

How to Check Your Crypto on Binance

After purchasing your cryptocurrency, click on the [Wallets] icon on the home page, to view your holdings. 

Final Thoughts

Getting started with crypto is simpler than ever, especially when you can use your local fiat currency. Whether you prefer the speed of a credit/debit card, the convenience of a fiat deposit, or the flexibility of P2P trading, Binance offers a variety of ways to help you dive into the crypto world. Now that you know the top three methods, it’s time to pick the one that works best for you to start building your crypto portfolio today!

Further Reading

Dollar Cost Averaging (DCA): A Step-by-Step Guide for Crypto Investors

Secure P2P Trading: Stay Safe With Binance's Essential Risk Alerts and Tips

Top Lead Trader Tips: Xut_Shawte on Mastering Crypto Trading Strategies