Hello everyone as you all know that in crypto currencies Bitcoin has been always expensive and on top it is the most famous crypto currency in the world. Daily thousands of peoples are investing their money on bitcoin and there are many investors who earns tons of money by buying and selling bitcoin. In 2021 bitcoin has gotten sudden spike in it’s price at the time of writing this article 1 BTC is equal tomore than $30k (24,92,464.90 Indian Rupee).
Many of you may have heard of zebpay app it is a crypto buying app made by an indian person but in my opinion it is totally trash now we have better apps such as wazirX In this guide I will tell you the process of buying bitcoin using Binance app because it is one of the most best app right now available to purchase/trade crypto currencies this app is available on android and the you can also buy crypto currency using the binance’s website on pc yes the website of binance is good unlike zebpay’s website.
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.
Binance is an trustworthy source to purchase bitcoins.
NOTE- Binance Is Hackable
Make sure you use strong password on your binance account and the Authenticator is enabled also make sure you don’t have viruses on your pc or mobile because the hackers who hack crypto sites such as binance are very expert they are on different level they won’t have mercy stealing your precious earned money by your hard work so make sure you use google authenticator and secure your account.
You might be wondering how are you suppose to make money buy buying some virtual currency let me explain it you in short
Buying and holding Bitcoin is one of the most straightforward and most beginner-friendly trading strategies out there. First, get a Bitcoin wallet, buy BTC, and then hope that the price spikes in the future—no matter how long that may take. It could be weeks, months, or even years before you decide to sell.
The term HODL was coined because of this. It started as a typo on a forum, then it became a full-time trading strategy. It also means to Hold On for Dear Life—so it’s essential to look at how Bitcoin is valued and go from there.
there are more ways in order to make money through bitcoin such as trading but I won’t explain it here as this guide is about Binance app.
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How To Create Binance Account And Verify Your Profile
Step 1 – Download The Binance App Here
Step 2 – Create your account by clicking on signup enter your email address and a strong password
Step 3 – Once you have created your profile Now you have to do your KYC
Note – You have to be 18 years old if you are a minor then we recommend you to ask your parent/guardian to create a binance account on their name for you
Step 4- Click on profile icon on the left side of the app and then click on Identity verification
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Required Documents for Binance KYC
- Aadhaar Card
- PAN Card
That’s all you need
Step 5- Click on verify and give your PAN Number on binance app then it will ask you for the photo Of Pan Card simply click a good quality front photo of your PAN and upload it there
Step 6- Now for address verification it will ask you for your Aadhaar card click the front and back of your adhaar and upload it on binance app make sure that the photo is clear and it is not dark. It should be clicked in light.
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Once you have done your verification process on binance you will receive an email in few hours once the binance team verify your ID that your account has verified now.
How To By Bitcoin In India Using Binance App
So we are starting the main part of this article we will step by step tell you the perfect way to buy bitcoin in india by using binance app make sure you have verified your profile by above guide. So without any further delay let’s get started.
In April, Binance P2P added support for peer-to-peer buying and selling of Bitcoin, BNB, and other cryptocurrencies in exchange for Indian rupees (INR). You can find competitive rates from various crypto buyers and sellers already on the platform.
- Open the Binance app. Select Buy with Cash then go to P2P.
- Choose the Buy tab and select the filter icon at the top-right part of your screen
- Now select INR and tap yes
- Now tap on BTC select the offer which is best for you
- Now complete the transaction.
It only takes minutes to complete P2P transactions, all done through your phone. In addition to Bitcoin, You can also buy or sell USDT, BUSD, BNB, ETH, and EOS via Binance P2P for INR.
So this was the complete guide on creating binance profile to buying bitcoin very easily in india not only bitcoin but you can also purchase other crypto currency such as Litecoin & Ethereum In our opinion Binance is the best app available to purchase bitcoin in india right now. we will also comeup with a guide of wazirX app it is also an crypto currency purchasing application owned by binance.
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