How to buy coins on Binance mobile version

To purchase a specified cryptocurrency on Binance, create an account, fund it, find your desired coin, construct a buy order, and then carefully review and verify your order.

Feb 04, 2025 at 07:36 pm

Key Points:

• Set up a Binance account
• Fund your Binance account
• Find the coin you want to buy
• Create a buy order
• Review and confirm your order

Step-by-Step Guide:

1. Set Up a Binance Account

• Download the Binance app from the App Store (iOS) or Google Play Store (Android).
• Create an account by providing your email address, password, and phone number.
• Verify your identity by completing the Know-Your-Customer (KYC) process.

2. Fund Your Binance Account

• Tap on "Fiat and Spot" at the bottom of the screen.
• Select "Deposit" and choose your preferred deposit method (e.g., credit card, bank transfer).
• Follow the provided instructions to complete the deposit process.

3. Find the Coin You Want to Buy

• Tap on the "Markets" tab at the bottom of the screen.
• Search for the coin you want to buy by typing its name or ticker symbol in the search bar.
• Choose the appropriate trading pair (coin/stablecoin or coin/fiat).

4. Create a Buy Order

• Select the "Spot" tab in the coin's trading page.
• Determine the amount of the coin you want to buy.
• Choose the "Buy" option and select a market or limit order.

5. Review and Confirm Your Order

• In a market order, the system executes your order immediately at the current market price.
• In a limit order, you specify a price at which you want your order to be filled.
• Review the order details (amount, price, fees) carefully.
• Tap on "Buy" to place your order.

FAQs:

• What are the fees for buying coins on Binance?

Binance charges a trading fee of 0.1% for both makers and takers. There may be additional fees for specific deposit or withdrawal methods.

• What is the minimum amount I can buy?

The minimum purchase amount varies depending on the coin. Check the coin's trading page for specific details.

• Can I cancel an order after it has been placed?

Yes, you can cancel an order that has not been filled. Tap on "Open Orders" in the coin's trading page and select the order you want to cancel.

• How long does it take for a buy order to be filled?

Market orders are filled immediately, while limit orders may take some time to be filled depending on market conditions.

• What if I don't have a Binance account?

You can create a Binance account by following the steps outlined in Step 1 of the guide.