How to Buy Crypto on Binance — Step-by-Step Guide & Transcript

[00:01] wondering whether or not you should learn about cryptocurrencies, the world's largest banks are getting into crypto and not just looking at the price; they're managing billions of dollars through exchange-traded funds—billions of

[00:15] clients' money. What was once an experiment for a select few is now becoming part of the core of Wall Street. And it's not just the banks; governments, such as El Salvador or even the United States,

[00:30] are also discussing pro-crypto laws to begin adopting them more forcefully. They are even accumulating Bitcoin as a strategic store of value, as if it were a kind of modern digital gold . They understand that's

[00:43] And if you still have doubts about whether cryptocurrencies have any use or not, that discussion is really outdated. If we take a simple example such as stablecoins,

[00:55] digital currencies that replicate a fiat currency, such as the US dollar, we can see that, for example, in Latin American countries they are providing many solutions. Trillions of dollars are moved every

[01:07] day, both to protect people from inflation in their own country and for remittances, which are free international transfers. And that's no longer the future. Being able to move money in that way is now,

[01:22] in the present, and all of that is achieved through the technology that cryptocurrencies have. So if you don't want to be left out of the system that's coming, today I'm going to teach you how you can take your first steps, how you can buy your

[01:34] how to create an account on a make your first deposit, your first purchase, your first withdrawal, everything you need to know to get the most out of your savings, or maybe

[01:49] not your savings, but solutions that are useful in your day-to-day life, and it's all achieved much simpler than you think. All I ask is that you pay attention to this video and obviously don't leave without

[02:02] liking and subscribing to the channel. Okay, let's get started. What you are seeing on screen is the Vinance platform. It is the world's largest cryptocurrency exchange , in terms of security, number of tools, and

[02:15] begin with, we're going to use the most secure platform that has everything in one place to make it easier for you. I always advise creating your you can access by going to Google, typing Binance.com and creating your account from

[02:29] there, or even by clicking on the description of this video or the official and will have a promotional code so you can get bonuses of up to $600. Simply click on the link and create an account here.

[02:43] phone number, check the box and click continue. Or you can create an account with Google, Apple, or Telegram for greater ease. If at any point I ask you for easy money" to get those $600 in bonuses as a

[02:57] sign-up reward. Creating an account is very easy, you create it like on any platform, then you have to verify your identity. need to deposit or withdraw money will require

[03:09] identity verification, which is very simple. Some will ask you to take a photo of your national identity document or passport, and others will even ask you to do a small facial check in front of the application on your

[03:21] cell phone to verify your identity with the one on the document. You can create the for example, from the mobile app. The process is exactly the same. I always advise you to activate two-factor authentication for greater security,

[03:34] whether with an authenticator code, a text message, an That way, you'll always be protecting your funds if your phone or anything else is stolen. Once we have created our account, what we

[03:46] make our first cryptocurrency purchase. I'm going to show you how to but you can do it from the application and the process is very similar. I might find certain buttons, but for example here on the computer, if we go to

[04:01] But a simpler way to do it is to go here where it says buy crypto. If we click there, several options will pop up. The first thing we have to do is select what we want to use to buy the currency, and second,

[04:14] example, in this case I'm going to want to buy USDT, which is one of these stable cryptocurrencies that I told you about that replicates the US dollar. We have USDT and USDC. Both are very good options if we want to remain stable

[04:28] US dollar. Now, in a few moments, I'm going to explain how you can cryptocurrencies that are most commonly bought at the beginning. But, for example, I have Argentine pesos in my account and I want to buy USDT. So, I

[04:42] simply have to put Argentine pesos up here, in this case ARS, and USD down here. But if I had Colombian pesos, I could exchange them for Colombian pesos, euros, Mexican pesos, Venezuelan bolivars, or

[04:54] US dollars. I have a lot of options and below, as I told you, I can buy USDT, USDC, Bitcoin, Ethereum, BNB, a lot of cryptocurrencies, but let's select USDT, which even here we see says that we can receive

[05:07] 6% annually on these USDT that we buy. It's something I'm going to show you later in the video. Now, assuming I have Argentine pesos or any other currency, let's go down here where it says payment method and we'll see

[05:19] options will appear. We have QR payment; simply by scanning a QR code with our from our finance app, virtual wallet or favorite bank. If not, we have more options below. We see that it says P2P. This is simply

[05:33] person, and they will give us the cryptocurrencies with money we have in cryptocurrencies. In that case, we would have to select our preferred bank Remember that everything must always be in our name. We cannot

[05:47] example, belonging to someone else. It has to be in our name. We have Mercado Pago, BRB Bank, Banco del Sol, Argentine Bank Transfer, Naranja X, Walá, for example, they select Colombian peso, well, the payment methods will

[06:01] change. Note that we have Banco de Bogotá, Neeki, Banco Colombia, Debi Plata, Davi Vivienda, BBVA, Balance Cop. We have a lot of options. I, for click confirm. I enter the amount of pesos I want to buy. In this case it

[06:15] pesos I want to buy. In this case it would be 15,000 pesos for 9.97 USDT. I click Here we see that he has a small commission. If they do it through P2P, that is, if they buy from another person, there is no commission. In that option, always

[06:28] correct. Always verify that all the data is correct, both in this option and in any other. They click confirm. Here we see that it will give us a QR code that we simply and that's it. We will be paying those 15,000 pesos and we will be receiving

[06:42] 9.97 USD or $10, it's the same thing. We set it to ready and that's it. This says it may take some time, but in reality it usually takes a maximum of 5 minutes. There is Where is this P2P thing I was telling you about? Well, if you go to the trade section and

[06:56] look for P2P, you'll find many traders here, many sellers and buyers. We simply click buy, select USDT, indicate that we have pesos, and in payment method select the option

[07:08] we click there, you'll see that it will give us all those that accept Mercado Pago. Don't advertisement, but look more at the ones below. We will be able to buy USDT at 14,400 country, everyone has their own currency. For example, if we put Mexican peso here

[07:24] , we have other payment methods and each payment method has its own where it says buy USDT and follow the steps, always using an account in your name, and never confirm a transaction if you have n't yet completed the necessary step.

[07:38] If you want a more detailed video of this whole process, please leave a comment below and I'll bring it to the channel. Okay, now we have USDT, a stablecoin, it's like having dollars inside Binance.

[07:50] Convert them into Bitcoin or Ethereum, because what's the difference? With USDT we have dollars and we can invest them, we can lock them up, so to speak, at 6% annually depending on our amount, but maybe we want to

[08:03] buy Bitcoin now that the price has dropped because we believe that in the future it will bigger profit, we want to sell it when the price is higher. Okay, now I'm going to show you how we can convert that USDT to Bitcoin. It's as

[08:15] convert. Let's press where it says convert. We looked for the convert option both in the app and on the computer . And here you can see that USDT is already standardized to Bitcoin. But if they wanted to change this because

[08:27] they bought USDC, well, they press [music] there and search for USDC. And here we have an option, USDC, for example. And down here, what currency do you want to buy? It can be Bitcoin, or it can be Ethereum. And there we have the option to exchange USDC for Ethereum.

[08:40] But let's get back to USDT with Bitcoin. We'll put it here and down here we'll put Bitcoin, etc. Or Bitcoin type and here on the right we're going to put how much we want to buy. This is the easiest way to do it. Let's say we want to

[08:54] buy uh 100 UST. Yes, we're going to buy everything. We see here that they are going to give us 99.78 we buy and when we sell, there are often commissions. That's why I link I left below in the description or in the pinned comment, or to

[09:10] easy money". Remember that you'll receive up to $600 in bonuses to offset the expense of buying and selling cryptocurrencies, because P2P traders have to make money somehow, and they do so precisely through these

[09:26] exchanges with those small commissions. Obviously, sell is very little because the idea would be that they sell it much higher, or stable currency, what they save on transfers and so on already compensates for everything

[09:40] preview on. We see that they are going to give us this amount of Bitcoin for going to give us this amount of Bitcoin for our $100. 0.0015662 small amount of Bitcoin. Here we click convert and that's it, we've

[09:55] converted our 100 USDT to this amount of Bitcoin and we have it in our account. Remember, I just gave you the example with $100, but we had can do it with five, with any amount

[10:07] you want to test it. You don't need to put in $100,000 or $10,000 to make your first Bitcoin purchase. They can do it for $5 per van. They gain lock up the money and start receiving interest. You can do it with as

[10:20] much money as you want. Obviously some businesses accept because they're not going to make a transfer every time for $ but if they do it with QR code payment, you can see there that it could be done with $10 . It's very simple. Down here

[10:34] we see a little sign that says that many people are buying and few are selling in the last few hours. What is this? Well, because there are people buying Bitcoin to sell it as soon as it goes up a little and they make a profit from

[10:46] that, and they do it even by trading with more money than they have. That's a bit more complex, but if you want, you can go and see it in the videos I've linked in the tags above. It's called trading, buying low and

[10:58] selling high or selling high and buying low. That's a further step forward in Trading is great, but always with a lot of responsibility. In that video that I've linked above, I explain step by step what each

[11:12] mistakes that could cost you money. But if you want to learn about that, you'll find the videos up there . Here we simply click OK our account. Notice that if

[11:25] we refresh the page at the top, now that we've changed it, Bitcoin we have this amount of Bitcoin in our account. If we wanted to sell it back to USDT to withdraw it, we could put it here and they would pay us the

[11:38] . But instead of doing that, what we're going to do is click here where it says " buy Bitcoin" and instead of buying, we're going to select the "sell" option and enter Bitcoin and below, pesos, we enter

[11:51] everything and we'll see that the pesos will be given to our account. We can receive it both in our Binance account and in an account that we have added. If I select the option to transfer it to my Binance account, select "sell Bitcoin,"

[12:04] click "confirm," and there we see that I received the 144,000 Argentine pesos, which I can even withdraw to my bank account. I already linked that bank account before. ask for the data and we see that it says it takes up to 2 business days, but in

[12:19] where it says continue and we simply enter how much we want to withdraw. For example, 140,000. They're going to charge me a small commission here, which is a bit high in this case, so you could withdraw it via P2P instead

[12:32] of here, but hey, this is much easier, faster, and safer, but well, preview the order and then confirm. I simply confirm the successful transfer and withdrawal, and I already have the money in my account on

[12:46] the virtual application I use. And that way they will be able to have their first crypto account, cryptocurrency purchase, their first sales, their first exchange. Everything is very simple, there 's nothing too complex. Everything you 're seeing is super controlled,

[12:59] and if you need support for anything, you can find the support icon below or at the top right of the Remember that you can find all the links you need

[13:12] pinned comment, or simply enter the code "easy money" when you create your account to get the benefits. If you have any questions leave them in the comments below and I will answer them as soon as I have time, or

[13:26] who has some knowledge can help. If you're interested in learning more about cryptocurrencies, remember that we have a Telegram channel where I'm constantly uploading news, including opportunities to earn

[13:38] free cryptocurrencies, alternatives that could be a very good investment, or simply high-impact news. You can join down there; you'll find told you. I hope you enjoyed the video, and if you did, don't forget to

[13:51] leave a like, subscribe to the channel, and turn on notifications so YouTube will let you know whenever I upload new content. See you in the next video. Goodbye, crypto investor.