How to Buy Crypto Using Binance App – 2022 (P2P Trading) in Ghana
Many are those who want to own some cryptocurrencies but don’t know how to go about it. With the rise in the price of these currencies, most people begin to have much interest in cryptos.
In our previous article, we took you through how to buy bitcoin in Ghana using mobile Money. This article is going to show you how you can buy any crypto of your choice using one of the leading centralized exchanges (Binance).
What is Binance?
Binance is a cryptocurrency exchange that is currently the largest exchange in the world in terms of the daily trading volume of cryptocurrencies.
On Binance, you can buy and sell cryptos such as Bitcoin, Ether, BNB, USDT, Doge e.t.c using your local currencies. The Binance exchange has more features that you can explore if you want to profit much with crypto. We shall talk more about these features in our subsequent discussion, but in today’s discussion, we are going to look at how to Buy Crypto Using Binance App.
There are two ways you can Buy Cryptocurrency Using Binance Exchange. You can buy crypto using the Binance main website or through the Binance Mobile App.
Here, we are going to focus much on the Binance app since that’s the easiest and simple process to follow.
Before you can perform any transaction on the Binance App, you’ll need to first create an account.
You can use this link to create an account on Binance if you don’t have one.
Once you create the account, the next thing to do is to Download and Install the Binance App from the Playstore or Appstore.
Now, once the app is installed on your phone, what you need to do is to Login using the details used during your account creation phase.
After a successful login, then you must make sure to complete the Personal verification requirement on the Binance Exchange.
Tips: Please make sure to use your right Details. The name should correspond with that of the Name on your Government issues card. eg. Ghana Card.
How to Buy Crypto Using the Binance App
Once your account is verified, then you can begin to trade (buy & sell )
To buy a cryptocurrency on the Binance app, you’ll need to open the app and make sure you are on the Advance Interface. (Not Binance Lite)
On the Main Binance App interface, you need to locate the section label “P2P Trading”.Tap on that to open.
Once the app is opened. You will see two tabs over there. (Buy and Sell). By default, the app will be on Buy.
If your goal is to buy, then what you have to do is to look beneath the Buy tab and locate the Crypto you want to Buy.
Once you see the currency, then scroll down to see the various traders who are ready to Sell that crypto to you.
Now, Select the seller and then tap on the Buy button located at the right of the seller’s name.
Enter the amount you want to buy and then follow the on-screen guide to complete the payment.
Once the payment is done, the seller will then release your crypto which will be loaded to your Binance Funding wallet.
From there, you can transfer it to your Binance spot wallet or any of the wallets of your choice.
Congratulations! You have successfully bought your first crypto.
You can watch this video to see the visual display of the above steps highlighted.
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