Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
You can now use XOF (West African CFA franc), XAF (Central African CFA franc), or USD (United States Dollar) to buy crypto on the Binance app or website.
How to buy crypto with XOF, XAF, or USD on the Binance app?
1. Log in to your Binance app and tap [Add Funds] on the homepage.
2. Choose the fiat currency you want to pay with by selecting the button in the top right column, and tap [Buy with XOF].
3. Here, you can choose to buy crypto with different fiat currencies. For this example, we’ll use XOF to buy USDT.
4. Enter the fiat amount you want to spend, and the system will automatically display the amount of crypto you can get. Tap [Verify and Buy] to proceed.
5. If you haven’t completed the identity verification for your Binance account, you’ll be prompted to do so at this step. Follow the instructions to complete both authenticator app and phone number verification.
6. Select [Mobile Money] under [Pay With], and tap [Buy USDT].
7. If you haven’t added a mobile money account before, please provide your account details, including the provider, phone number, and email. Tap [Confirm] to continue.
8. Carefully review the payment details and transaction fees. Ensure you have sufficient balance in your account before tapping [Confirm].
Please note that the price and corresponding amount of crypto may be recalculated automatically at any given time.
9. After you confirm the transaction, you will receive a prompt for a PIN on your phone. Please enter your PIN to authorize the payment request within 15 minutes.Then tap [I’ve authorized the payment] to proceed.
If you don’t complete the payment request within 15 minutes, tap [Try Again] to authorize the transaction again. You can also tap [View Order History] to check the status of your order.
10. Please wait patiently for the order to process. This will usually take no more than 30 seconds.
Once your transaction is successfully completed, you may check the order details by tapping [View Spot Wallet].
To learn how to sell crypto to XOF, XAF, or USD, please refer to How to Sell Crypto to XAF or USD on Binance?