Wondering how to buy cryptocurrencies on Binance? Or even profit from price differences through trading? After following the Binance deposit guide to fund your account, the next step is purchasing crypto for investment.
This guide covers 4 methods to buy crypto on Binance, focusing on spot trading and instant conversions, along with a breakdown of trading fees and evaluations.
👉 New to Binance? Register here
How to Buy Bitcoin on Binance?
Binance offers multiple Bitcoin purchase methods, operating similarly to stock trading: Open the app, enter your target price, and execute the trade when reached.
Most investors buy Bitcoin for profit potential. When prices rise, you can sell using the same methods to capture gains.
Here are Binance’s 4 primary buying options:
| Method | Description | Pros/Cons | Best For |
|---|---|---|---|
| Credit Card | Direct crypto purchase | Convenient but expensive | Beginners |
| C2C Trading | Peer-to-peer transactions | Flexible but risky | Small investors |
| Instant Swap | Fixed-rate conversions | Simple but costly | Urgent trades |
| Spot Trading | Market-based orders | Cost-effective | Active traders |
1. Instant Swap: Quick Conversions
Ideal for beginners, this method converts one crypto to another at predetermined rates. However, swaps cost ~0.2% more than spot trading.
Steps:
- Navigate to Trade > Convert.
- Select currencies and amounts.
- Confirm within 5 seconds (rates fluctuate).
👉 Optimize your trades with spot trading
2. Spot Trading: Market-Based Purchases
Spot trading involves buying crypto at current market prices. Unlike instant swaps, you set custom prices, waiting for execution when markets hit your target.
Step-by-Step:
- Deposit USDT (e.g., via MAX exchange transfers).
- Go to Trade > Spot.
- Choose a trading pair (e.g., BTC/USDT).
- Enter price/quantity and execute.
Fee Structure:
- Maker/Taker: 0.1% each.
- Discounts: Use BNB (25% off) or referral codes (20% rebate).
Binance Account Types Explained
- Spot Account: Primary trading wallet.
- Funding Account: For C2C transfers and payments.
Transfers between accounts are free.
FAQs
Q: Which method is cheapest?
A: Spot trading with BNB fee discounts.
Q: How are fees calculated?
A: For 1,000 USDT trades: 1 USDT fee (0.8 USDT post-rebates).
Q: Is peer-to-peer (C2C) safe?
A: Use verified merchants and escrow protection.
Final Tips
- Prioritize spot trading for better pricing.
- Enable BNB fee discounts to reduce costs.
- Monitor market depth for optimal order execution.
For further learning: