How to buy SafePal (SFP) on Binance?
Binance is one of the most widely used cryptocurrency exchanges in the world. A major reason for Binance’s popularity is its extensive selection of altcoins, which continues to grow with frequent additions.
No verification is required on Binance for withdrawals below 2 BTC per day, and the exchange also offers a mobile app for both iOS and Android devices.
1.Register with Binance
If you don’t own any cryptocurrency, you can get started by purchasing some BTC on Binance with a credit or debit card.
Register with Binance here
2. Deposit Cryptocurrency
The easiest coins to deposit are Bitcoin BTC, 8.55%, and Etherum ETH, 0.73%. Both have trading pairs with the vast majority of cryptocurrencies, so they give you a lot of flexibility. BTC and ETH can be traded for TRX on Binance.
In order to make your deposit, go to the navigation bar at the top of the website and click Funds > Deposits.
Search the ticker for the cryptocurrency you want to deposit and select it from the drop-down menu.
The site will give you a deposit address for the cryptocurrency you picked. Its a string of numbers and letters, so you’ll have to copy it to your wallet. Send the amount you wish to deposit to the address you copied. Usually, it takes up to an hour to finish the transaction, so don’t expect your Binance account to be credited instantly.
3. Check Your Balance
For this step, we will assume you deposited BTC. If you deposited ETH, don’t worry – the process itself is exactly the same.
On the top right corner, select BTC and search for SFP, which is the ticker for SafePal. The SFP/BTC trading pair should appear.
After clicking on the trading pair, a price chart will appear in the centre. You can place your buy order under the chart. If you want to buy SFP when it reaches a specific price, use the Limit order. Enter the desired price (in BTC) and the amount of SFP you want to buy, then click the Buy SFP button.
You can check your balance by clicking Funds > Balances in the navigation bar at the top of the website, and you can hide coins that have less than 0.001 BTC under Hide small assets.
If you deposited, the coin and amount will appear in the list. If you deposited multiple coins, the search bar will work.
4. Place a buy order for SafePal.
To place an order, go to Exchange > Basic.
If you want to buy SFP, click the Market tab, enter the amount, and the order should get processed almost instantly. The SFP should be added to your account shortly.
Congratulations, you’ve just finished your first order on Binance!
As you can see, buying TRON on Binance is pretty straightforward. Hopefully, this article helped if you encountered any issues.
Always remember that crypto trading is risky, so don’t invest more than you’re willing to lose. Good luck!