how to buy btc etf on binance

Buying a ProShares Bitcoin Strategy ETF (BITO) on Binance involves funding your account, enabling spot trading, finding the ETF, placing an order, confirming the transaction, and receiving it in your spot wallet.

Oct 23, 2024 at 07:28 pm

How to Buy BTC ETF on Binance

1. Create a Binance Account

   • Visit the Binance website and click on "Register."
   • Provide your email address, create a password, and agree to the terms of service.
   • Verify your email address by clicking on the link sent to your inbox.

2. Fund Your Account

   • Click on "Deposit" in the top right corner.
   • Choose a deposit method (e.g., bank transfer, credit card, fiat currency).
   • Follow the instructions to deposit funds into your Binance account.

3. Enable Spot Trading

   • Click on "Trade" and then "Spot."
   • Turn on "Spot Trading" by clicking on the toggle switch in the upper right corner.

4. Find the BTC ETF

   • In the search bar at the top of the page, enter "BTC ETF."
   • Select the "BITO" (ProShares Bitcoin Strategy ETF) option.

5. Place an Order

   • Click on "Buy" and specify the amount of BITO you want to purchase.
   • Choose the order type (e.g., limit order, market order).
   • Enter the price at which you want to buy the ETF (optional).
   • Click on "Buy BITO" to place the order.

6. Confirmation and Settlement

   • Your order will be executed once the market price reaches your designated price (if applicable).
   • The purchased BITO will be credited to your Binance spot wallet within a few minutes of the completed trade.

Important Notes:

• BITO is an exchange-traded fund (ETF) that tracks the price of Bitcoin.
• You can also sell BITO on Binance by following the same steps but selecting "Sell" instead of "Buy."
• Trading fees may apply for buying and selling BITO on Binance.