Do you want to buy cryptocurrencies but don't know where to buy Bitcoin? Binance offers many options where you can easily buy many cryptocurrencies including Bitcoin, with the lowest fees and highest level of security.
1- Create a free account on the Binance website or the application itself
Binance
It is a centralized platform where you can buy many cryptocurrencies including Bitcoin. Before you can use the Binance platform, you will need to open an account and verify your identity.
*Register via the Binance app
* Register via the website using your email and mobile number
2-Choose the method by which you want to purchase Bitcoin assets.
Click on the “Buy Crypto” link at the top of the navigation bar on the Binance website to learn about the options available to buy Bitcoin in your country.
For better currency compatibility, you can consider purchasing a stablecoin first, and then using it to buy Bitcoin.
. Buy Bitcoin using debit/credit card
If you are a new user, this is the easiest option to buy Bitcoin.
*The first method
1- Go to the Bitcoin purchase page on Binance.
2- Select Bitcoin and USD from the drop-down list.
3- Choose “Card” as a payment method, then click “Confirm”.
4- The “Add a new card” message will appear if you have not purchased cryptocurrencies on Binance using a debit or credit card before. Click “Add New Card”, enter the card details and then click “Confirm”.
5- On the payment confirmation page, check the details and confirm the order within the specified time limit. Use "Update" to get a new quote.
6- Click “Confirm” to submit your order.
7- You will be redirected to your bank's OTP transaction page. Follow the instructions to verify the payment.
8- Once verified, the currency will appear in your Spot Wallet.
*The second method
2-Buy Bitcoin using Google Pay or Apple Pay
1Go to the Buy Bitcoin page on Binance.
2- Select Bitcoin and USD from the drop-down list.
3- Choose either “Google Pay” or “Apple Pay” as your payment method and press “Confirm”.
4- Click the “Buy” button.
5- On the payment confirmation page, check the details and confirm the order within the specified time limit. Use "Update" to get a new quote.
6- Click “Confirm” to submit your order.
7- The currency will appear in your Spot Wallet.
*The third method
P2P Trading
Buy Bitcoin directly from other users using Binance's peer-to-peer service.
1-Go to the Binance P2P page to buy Bitcoin.
2-Choose your preferred local currency, click on the “BTC” trading pairs, and choose from a wide range of supported payment methods.
3- Start trading according to the directions on the page. For more details, read our How to Buy on Binance P2P guide.
*Third party payments
There are multiple options for third-party payment channels. Please visit the Binance FAQ to check which ones are available in your area.
3-Verify payment details and fees.
You have one minute to confirm your order at the current price. After one minute, your order will be recalculated based on the current market price. You can click Update to see the new order amount.
4-Store or use your Bitcoin on Binance.
Now that you have purchased your cryptocurrencies, you can store them in your personal cryptocurrency wallet or simply keep them in your Binance account. You can also trade for other cryptocurrencies or stake them on Binance Earn to earn passive income. If you want to trade your Bitcoin to a decentralized platform, you may want to check out Trust Wallet which supports millions of assets and blockchains.
Binance platform features
*Wide range of currencies
*Comprehensive educational resources on Binance Academy, including articles, videos and lessons
*The largest trading platform:
Binance is the largest cryptocurrency exchange, with a daily trading volume of more than $40 billion.
It can be used to transfer huge amounts of money between countries for its users without any major transfer fees.
*easy to use:
Design suitable for beginners and professionals
The mobile app is available on iOS and Android for trading on the go
*Support for the Saudi Riyal:
Deposit and withdraw in Saudi Riyals without currency conversion
Multiple payment methods such as bank transfer, credit and debit cards
*High security and liquidity
*Competitive fees:
0.1% trading fee, reduced by 25% with BNB.
Low withdrawal fees, such as 0.0005 BTC per Bitcoin.
*Support in multiple languages
*Diversity of trading methods
The Binance platform provides the opportunity to trade via spot and futures contracts
Buying Bitcoin in the UAE and Saudi Arabia is simple when you follow the right steps. By choosing a reliable platform like Binance, setting up a secure wallet, and understanding the regulatory environment, you can invest in Bitcoin safely and effectively. Always start with a small investment, conduct thorough research, and consult experts for larger transactions. With these considerations, you will be ready to enter the world of cryptocurrencies.
Reference links:
https://www.quora.com/How-do-I-buy-cryptocurrency-in-Saudi-Arabia
