[00:02] deposit money into Binance.  For this we will use the three main methods available: plastic card, bank transfer and P2P commerce.  In addition, we will also look at their fees and in which country
[00:16] each of these methods is available.  Without further ado , let's begin.  If for some reason you do description I'll leave you the official link with exclusive rewards and bonuses , including a 20% discount on fees for life.  That
[00:30] 20% can save you hundreds or even thousands of dollars if you use Binance long- term.  And right there in the description you'll find a video on how to create and verify an account step by step.  Okay, once you have your
[00:42] Binance app.  If your screen looks like mine, tap the Binance icon at the top and then tap the the full version of Binance
[00:55] look at for depositing money is to do it with a plastic card. that section where I made a deposit and then we press this that says see more.  And here we will find all the methods we have to fund our
[01:09] section I made about buying cryptocurrencies with an Apple Pay or Google Pay card.  Here national currency.  This method is available in basically all countries where Binance operates.  And on this side you select the cryptocurrency you
[01:24] Bitcoin, then select Bitcoin right away.  Next, where it says "pay with," you will select either a plastic card, Apple, or Google. enter the amount of Bitcoin you wish to buy.  The minimum is 360 and the
[01:40] maximum is 200,000.  This may vary slightly from country to country.  For the purposes of this video, I will buy 1,000 Mexicanos and will be receiving approximately this amount of Bitcoin.  We press preview and it will show you the
[01:52] iPhone, it also gives me the option to pay with Apple Pay, but in this case we'll do it with a plastic card, and it also shows me the commission I'm going to pay, which is 20 pesos for buying 1000. That means that for buying with a card
[02:05] we're going to pay a 2% commission. Below we will add the must be in your name and you must also add a billing address.  I will now add this data.  After filling in your
[02:18] would simply be pressing "pay" and you will receive this exact amount of Bitcoin in your Binance account.  In my case, I'm not going to carry out this operation in order to avoid paying that 2% in commissions.  And now I'm going to show you the next
[02:31] two methods.  Now let's move on to the second method, which is you press the deposit section, then see more options, and it's that option Mexico we will make this deposit through a Space bank transfer,
[02:46] which does not generate any cost and may take up to a day, although these transfers are usually instant.  With this type of transfer you can also make a transfer from countries like Colombia and Argentina.  If
[03:00] countries, perhaps your best option is P2P trading, which we'll look at a little later.  Then, the next step is to press the continue button.  And in need to make the transfer, such as my full name,
[03:14] transfer here in Mexico is done through this institution called process, it will ask you to create an account here at Mena.  This takes leave a video up here.  As I already mentioned, this transfer does not generate
[03:30] any commission.  The minimum amount is 50 Mexican pesos and the maximum amount is 1 million pesos.  This may vary slightly from country to country.  In my case, I'm going to transfer 1,000 Mexican pesos to him and now I'll be right back.  Once I made the
[03:43] transfer, you press this section where I sent the funds and that's money you deposit into Binance, and also what you buy with a plastic card, you will find under this section that I made active, under this
[03:55] account that says spot.  In my case, I have here the $1,000 that we deposited next step would simply be to convert this Mexican peso into the cryptocurrency of your choice.  This whole thing about cryptocurrency exchanges or converting one
[04:08] interesting topic, and I already have a video dedicated to it, which I'll also leave 'm only focusing on the depositing of money part, but in that other video I for exchanging cryptocurrencies.  Now let's move on to the third method for depositing
[04:23] money into your Binance account, and that is through P2P trading.  To do this, also says deposit.  Similarly, we press see more and here is the option which is P2P trading.  This P2P trading means that we are
[04:36] going to buy cryptocurrencies from a person in our country.  In my case, I'm going to buy USDT or Bitcoin from someone in Mexico and I'm going to pay them with Mexican pesos.  Payment methods will vary from country to country, but let me
[04:48] is to do it with this option that says quick trade.  And I recommend that you buy UST here, since it's the cryptocurrency that gives you the best exchange rate.  The Mexican peso is already selected automatically here , but
[05:01] here are all the currencies of all the countries of Latin America.  In fact, option if bank transfer is not available in your country.  Here you will all the currencies of Latin America will be here.  So we're going to buy
[05:15] USDT with Mexican pesos.  You enter the amount here.  Similarly, I'm going to buy about 1000 Mexican pesos and I'll be receiving approximately 57 USD, which by the way, USDT is like the digital dollar, it's the representation of the
[05:28] select payment method and here are all the options I have to vary a little from country to country, but for example, BBVA is giving me the best make that transfer from Banorte, I 'm going to select Banorte, even if they
[05:43] penalize me a little more with the exchange rate. With this method, Vainas charges a commission of 0.2%, which is basically nothing, but what you're going to the exchange rate. Since you are now buying from
[05:56] someone else, that person who sells to you makes a profit.  That gain is only around 1%.  Then, I press refresh, select north, and press view preview.  And here it throws me at this seller, this person
[06:08] who has had or completed close to 2000 orders with 100% means he's a trustworthy person.  And it also shows me exactly what I'm going to receive, which is 55.81
[06:20] agree with what I'm going to receive, I gives me the information I need to make the bank transfer.  It shows me the bank code and the person's name , which is basically all
[06:32] do at that moment is pause the video to proceed with the transfer, and transfer I'm going to take a screenshot because later I have to upload it here.  After we make the payment, we're going to press the section that
[06:45] we're going to upload the screenshot we took of the transfer, which in my press this little box that says I've made the transfer from my account.  You also cannot transfer from third parties.  and we press the "I
[06:59] screenshot will be sent to the person to whom we made the do is verify that
[07:11] person has received the payment of 1,000 pesos, they will release the UST for me.  Likewise, I'm telling you that I've already transferred the money, and at this point, we basically just have to wait for release the UST for us.  I'm going to pause the video again and I'll come back when we're
[07:25] minutes and the person has already released the UST for me.  I already have the UST in my vainance account and we're going back. Similarly, we will go to the assets section and the USDT we bought will be found in this wallet
[07:39] called funds.  Then, to make the exchange, we'll simply press this section that says " transfer" and transfer our funds from the wallet to the spot wallet, which is where we now have
[07:51] transferred.  Here you simply enter the amount, I will transfer everything, and that's basically it.  Right now I already have that USDT here in the spot account ready to exchange it for Bitcoin or any cryptocurrency I want.  And
[08:04] into Binance.  If this video has helped you, I would really appreciate it if you gave it a the description to create your account.  And lastly, I'm going to the options you have on Binance to exchange cryptocurrencies or
[08:19] to exchange your pesos for Bitcoin or any other cryptocurrency.  I think this looking at today.  This is where I say goodbye. My name is Miguel Valencia and I'll see you next time .