How to Buy Ethereum on Binance

Binance is the world’s biggest cryptocurrency exchange by trading volume and is used by millions around the world to buy popular crypto assets like Bitcoin and Ethereum.

In this guide, we will explain how to buy Ethereum on Binance with step-by-step instructions.

If you are a US-based user, please check out our guide on how to buy Ethereum on Binance US.

A Step-By-Step Guide on How to Buy Ethereum on Binance

1. Register an Account on Binance

If you don’t have a Binance account, go to Binance’s official website and sign up. You can register with your phone number or email address. You will receive an account confirmation code in your messages box. Login to Binance with this code. 

2. Verify Your Account

On the upper right corner of the page (right next to the “Orders” tab) is your profile icon. Click on it to get the verification page. Click “Get Verified.”

Select your residence country or region from the list at the top of the page. Once you select your region or country, you can see the verification requirements. Click “Verify” to start.

Enter the necessary information and click “Continue.” You will be asked to upload a photo ID to confirm your details. It’s important to ensure your name and date of birth match the ID you submit to the platform.

3. Deposit Funds/Crypto

Click on “Deposit” to see all the deposit options. The three options are depositing crypto, depositing fiat currencies, and adding credit cards or other payment methods.

If you own crypto and want to trade it for ETH, you can click “Deposit Crypto” to get a deposit address. 

But most beginners don’t have that option and must either add a payment method or make a fiat deposit via bank transfer.

Click “Fiat Deposit.” On the next page, select the currency you want to deposit. Binance accepts many local currencies, so you won’t have a problem finding the right option.

Binance offers different ways to complete the deposit, and there are usually some recommended methods. You can see the fee details under each option.

As you can see, you can make SEPA or online banking transfers or add a bank card to purchase crypto on the platform.

If you select “Other Methods,” you can connect to third-party apps like Banxa or Simplex. Binance also supports Google Pay and Apple Pay purchases.

 Select your preferred deposit method and click  “Continue.” You may be redirected to your bank account or online banking provider. Follow the instructions on the screen to complete the deposit.

4. Navigate to the Relevant Screen to Buy

Once you add a payment method or deposit funds, you are ready to buy Ethereum. Click the “Buy Crypto” button on the main screen.

The “Buy Crypto” page is very easy to navigate: In the “Spend” column, select the currency you want to spend, and enter the amount.

Set the receive column to ETH. Here you will see how much Ether you will receive for your money.

Now, go ahead and click “Buy ETH.” On the next page, you can select your payment method and see the order details, including any fees that apply.

That’s it! Hopefully, we helped you learn how to buy Ethereum on Binance. You can also check out our guides on how to buy Ethereum on other exchanges.