How to Buy Bitcoin on Binance in 3 Steps
44sStep-by-step beginner tutorial with a clear call-to-action, ideal for new crypto investors.
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This video is a step-by-step tutorial for beginners on how to invest in cryptocurrencies using the Binance platform, specifically focusing on buying Bitcoin with a small amount of money. The host walks through the entire process, from downloading the app and creating an account to completing KYC verification, depositing funds via Pix, and using the convert feature to purchase Bitcoin. The video also briefly mentions earning income through Binance's 'Simple Earn' feature and emphasizes the importance of understanding investment risks.
Chapters
[00:02]
Getting Started with Binance
The first step is to download the Binance app from the Apple Store (or Google Play) and create an account using your Google account information.
[00:17]
KYC Verification is Essential
Completing KYC (Know Your Customer) verification is a crucial step to unlock all features on Binance, including deposits and trading.
[00:30]
Depositing Funds via Pix
For first-time investors, the easiest way to add funds is through a BRL deposit using Pix. The minimum deposit is R$10, and you simply click 'continue' after entering the amount.
[00:54]
Converting Real to Bitcoin
After depositing, go to 'More' and select 'Convert' to exchange your Brazilian Real (BRL) for Bitcoin (BTC). This is a straightforward process.
[01:07]
Earning Income with Simple Earn
Binance offers a 'Simple Earn' feature where you can earn interest on your crypto holdings. The host mentions having already earned $8 from this feature.
[01:19]
Staking and Yields
By using Simple Earn, you can automatically stake your assets and receive yields daily, weekly, and monthly, 24/7.
[01:33]
Risk Warning
All investments carry risk, including cryptocurrencies and traditional assets. The host advises careful analysis and suggests sticking to assets with a solid track record, like Bitcoin and Ethereum.
[01:46]
Fractional Bitcoin Purchases
You don't need to buy a whole Bitcoin; you can purchase fractional amounts, making it accessible for small investors.
The video provides a simple, beginner-friendly guide to buying Bitcoin on Binance with a small initial deposit, highlighting the ease of use and the potential for earning passive income. It concludes with a reminder that all investments carry risk and encourages careful decision-making.
Mentioned in this Video
Tutorial Checklist
3
00:30
Click 'Add Funds', select 'BRL Deposit', choose 'Pix', enter the minimum deposit of R$10, and click 'Continue'.
Study Flashcards (5)
What is the minimum deposit amount for a BRL deposit on Binance?
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What is the minimum deposit amount for a BRL deposit on Binance?
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R$10
00:42
What is KYC and why is it important on Binance?
medium
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What is KYC and why is it important on Binance?
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KYC stands for Know Your Customer, and it is required to unlock all features on Binance, including deposits and trading.
00:17
How can you buy Bitcoin on Binance with Brazilian Real?
easy
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How can you buy Bitcoin on Binance with Brazilian Real?
easy
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Use the 'Convert' feature to exchange BRL for Bitcoin.
00:54
What is the 'Simple Earn' feature on Binance?
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What is the 'Simple Earn' feature on Binance?
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It allows you to earn interest on your crypto holdings by staking assets, with yields paid daily, weekly, and monthly.
01:07
Can you buy a fraction of a Bitcoin?
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Can you buy a fraction of a Bitcoin?
easy
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Yes, you can purchase fractional amounts of Bitcoin.
01:46
💡 Key Takeaways
📊
KYC is a prerequisite
Emphasizes the importance of identity verification for using all Binance features, a common barrier for new users.
00:17
📊
Low entry barrier
The R$10 minimum deposit makes crypto investing accessible to beginners with limited funds.
00:42
🔧
Passive income opportunity
Highlights the potential to earn interest on crypto holdings, a key selling point for the platform.
01:07
⚖️
Risk awareness
A responsible reminder that all investments carry risk, encouraging careful analysis and sticking to established assets.
01:33Full Transcript
[00:02] n't have Bitcoin? Come with me and I'll show you how to invest in Binance. Come with me. First thing you need, of course, is the Apple Store to download it . That's right,
[00:17] to enter your Google account information. Clicked on Google account, created account. One super important detail for you to be able to use all the tools on Binance is to complete KYC (Know Your Customer). You saw that creating an account is super easy. Account
[00:30] created K YC done. Just click here, to add funds. You will have two options, BRL or Onchi deposit. Since this is your first time investing in cryptocurrencies, just click on BRL deposit, click here for Pix, and click
[00:42] continue. Once you get here, just make the minimum deposit of R$10, click continue, and you're done. So far it's been super easy, right? Now the Pix part is up from your account to Binance. And that's it. After that, just
[00:54] click here for more. Swipe up. You'll look for this option here, the convert option. You click on convert, for example, here, real to Bitcoin, just there. You also have the option of earning income with
[01:07] your cryptocurrencies. Come with me. Again, click here for more. You will click here on earn. Oh, in my case, I've already made an income of $8 here. After that, just click here on simple earn. Okay, once that's done, just choose the asset
[01:19] you'll automatically be adding steak. It will yield [amount] for you per day, per week, and per month, 24 hours a day. And with just a few clicks, you can Remember everyone that all investments carry risk. Cryptocurrencies, or
[01:33] traditional assets, always carry risk. So always analyze carefully, preferably solid track record, for example, Bitcoin, Ethereum, and other cryptocurrencies. So, just follow the buy your first bitcoins. Remember that it doesn't have to be a
[01:46] you can buy fractional amounts of Bitcoin. Beauty? We're in this together. It's fractional amounts of Bitcoin. Beauty? We're in this together. It's us.
