How to Buy Bitcoin on Binance

Binance is a world-renowned exchange for buying and trading many cryptocurrencies, including Bitcoin. It’s the world’s biggest exchange by trading volume, so you won’t have any trouble purchasing BTC here.

Fair warning, Binance isn’t available to US-based users. If you are in the US, you can check out the Binance.US exchange.

Without further ado, here is how to buy Bitcoin on Binance.

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

1. Register an Account on Binance

Follow our link and go to Binance’s official website. Enter the relevant information on the signup page. Please use a valid email or mobile phone number when you sign up, as you will be sent a verification code to confirm your credentials. You can use the code to log in to your account.

2. Verify Your Account

You must verify your identity to deposit to Binance and buy BTC. Select your profile icon on the dashboard to access your profile info and click “Get Verified” to start.

Different countries have varying verification requirements: select your residence country to see what documents you need to verify your identity.

Fill out the personal information form and click “Continue.” You may be asked to provide a photo ID, depending on your residence country. Once you finish, you will be able to deposit funds into your account.

3. Deposit Funds/Crypto

Now it’s time to make a deposit or add a payment method to your account. Click on the “Deposit” button to see all the available deposit options.

So you have a couple of different options here: You can deposit crypto to your account if you already have digital assets in an external wallet. You simply click “Deposit Crypto,” and Binance will give you the right deposit address.

Most people, if they are buying crypto for the first time, won’t have other digital assets. If that’s you, you either need to deposit fiat to your account (like USD, EUR, AUD, etc.) or add a payment method like a debit or credit card. Alternatively, you can use third-party payment channels like Apple Pay, Google Pay, Simplex, or Banxa.

So first, we will describe how to deposit fiat money into your account. It’s actually very simple: Click on “Deposit Fiat” and select a deposit method on the next page.

You can choose the currency and the method on the page.

Review all the options. Binance usually includes the deposit time and additional fees for depositing, so you can choose the best option for you. Click “Continue” and follow the instructions on the screen to finalize the deposit.

4. Navigate to the Relevant Screen to Buy

Now it’s time to buy some Bitcoin. Click “Buy Crypto,” and you will be redirected to the easy buy screen. 

In the spending box, enter how much you want to spend on BTC. There is usually a 15 EUR minimum limit.

Binance will display how much BTC you will get for the money you’re spending.

Receive box is automatically set to BTC, but if it isn’t or If you want to buy a different coin, click on the small arrow next to it and search for the coin you want to buy.

And that’s pretty much how to buy Bitcoin on Binance!

You can also check out our reviews of the best 21 cryptocurrency exchanges and eight other alternatives.