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How to Buy Altcoins on Binance in 2018
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Introductioncrypto,coin,price,block,usd,today trading view,In 2018, the cryptocurrency market experienced a significant surge in popularity, with many investor airdrop,dex,cex,markets,trade value chart,buy,In 2018, the cryptocurrency market experienced a significant surge in popularity, with many investor
In 2018, the cryptocurrency market experienced a significant surge in popularity, with many investors looking to diversify their portfolios by purchasing altcoins. Binance, one of the largest cryptocurrency exchanges, has made it easier than ever to buy altcoins. In this article, we will guide you through the process of buying altcoins on Binance in 2018.
Firstly, it is important to note that Binance supports a wide range of altcoins, making it an ideal platform for investors looking to diversify their portfolios. To start buying altcoins on Binance, you will need to follow these simple steps:
1. Create a Binance account
The first step is to create a Binance account. Go to the Binance website and click on the "Register" button. Fill in the required information, including your email address and a password. Once you have completed the registration process, you will receive a verification email. Click on the link in the email to verify your account.
2. Verify your identity
To comply with regulatory requirements, Binance requires users to verify their identity. This process is straightforward and involves uploading a government-issued ID and a selfie with the ID. Once your identity is verified, you will have access to all of Binance's trading features.
3. Deposit funds into your Binance account
To buy altcoins, you will need to deposit funds into your Binance account. You can do this by clicking on the "Funds" tab and selecting "Deposit." Choose your preferred cryptocurrency and copy the deposit address. Send the desired amount of cryptocurrency to the address and wait for the transaction to be confirmed.
4. Choose an altcoin to buy
Once you have deposited funds into your Binance account, you can start buying altcoins. Click on the "Exchange" tab and select "Basic" or "Advanced" trading. In the search bar, type the name of the altcoin you want to buy, such as "BTC" for Bitcoin or "ETH" for Ethereum. Once you find the altcoin, click on it to view its trading pair.
5. Place a buy order
To place a buy order, click on the "Market" tab and select the amount of altcoins you want to buy. You can also set a price limit by clicking on the "Limit" tab and entering the desired price. Once you have entered the details of your order, click on "Buy" to execute the transaction.
6. Withdraw your altcoins
After purchasing your altcoins, you can withdraw them to your personal wallet. Click on the "Funds" tab and select "Withdraw." Choose the altcoin you want to withdraw and enter the withdrawal address. Enter the amount you want to withdraw and click on "Submit."
In conclusion, buying altcoins on Binance in 2018 is a straightforward process that can be completed in just a few steps. By following the steps outlined in this article, you can easily purchase altcoins and diversify your cryptocurrency portfolio. Remember to do your research and only invest in altcoins that you are comfortable with. Happy trading!
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