How to buy your first bitcoin on Binance.
What is Bitcoin?
Investing in Bitcoin and other cryptocurrencies is a great way to diversify your investments, but it also involves high risk. So before you jump in, it’s essential to understand some basic concepts and principles. There’s more to it than just buying some crypto and hoping for the best.
An informed investment decision involves careful research and analysis. Ideally, you should have a strategy based on your risk profile, and you should never invest more than you can afford to lose.
Buying your first bitcoin on Binance
You can easily buy bitcoin and other altcoins on the Binance crypto exchange.
- Create an account by heading to the Binance homepage and clicking [Register] at the top right corner.
- Next, you will have to verify your Binance account. This KYC process helps us make sure you are who you claim to be and fulfill our legal requirements.
- The easiest method to buy some crypto is to use your credit card or debit card with the Convert feature.