How to Buy Bitcoin And Atlcoin on Binance

So you’ve mastered buying Bitcoin but have no clue about how to buy other cryptocurrencies?

Don’t worry you are not alone.

The first step is to get yourself a good exchange that allows buying and selling of Bitcoin using fiat currency.  If you don’t have one, check out How to Buy Bitcoin.

The second step is to find a good exchange that allows you to buy cryptocurrency using Bitcoin.  This guide will go over how to buy cryptocurrency on Binance.

HOW TO BUY CRYPTOCURRENCY ON BINANCE

Enter all of your information and register.

After you have confirmed your email and you log in,  you’ll be on the main page.

DEPOSIT BITCOIN INTO BINANCE

You’ll need to deposit your Bitcoin to be able to buy other cryptocurrencies.   Click on ‘Funds’ and then ‘Deposit Widthdraws’.

Next, search for “Bitcoin” on the left-hand side.  Once it shows up, click on the “Deposit” button.

You will now see your “BTC Deposit Address.”  Click on the copy button.

The copied “BTC Deposit Address” is what you need to enter within your Bitcoin exchange as a send address. For example within Coinbase, this is where you would enter it.

This is what it looks like within CEX.IO.

BUY CRYPTOCURRENCY ON BINANCE

On the main page, click on ‘Exchange’ and select ‘Basic’ or ‘Advanced’.  I recommend going with the basic version.

Search for the cryptocurrency you want to buy on the right-hand side by clicking on it or using the search box.

Then select ‘Limit’ or ‘Market’ tab in the middle of the page to buy the cryptocurrency using Bitcoin (BTC).  You can enter an exact amount or use the 4 predefined amounts.

If you select ‘Market’, Binance will buy at the best price possible.  But if you wanted to do a ‘Limit’ order, you can set the amount you want to buy at.  For transactions that are still open, they are listed under the ‘Open Orders.’

Once you are done buying a cryptocurrency, you can see your totals within the ‘Deposit Withdraws’ page.  The page will give you an overall estimated value and show you the total balance of all of the cryptocurrencies you own.

IN CONCLUSION

And there you have it, you now know how to buy cryptocurrency on Binance.  It is very simple and once you get the concept of withdrawing and depositing Bitcoin, you can move your Bitcoin around any exchange and wallet like it was on the back of your hand.

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