"Bian" (变) is a common candidate word for "bian" in Chinese input methods, and it sounds similar to "币安" (Binance), so many people use it to refer to the Binance exchange. To buy cryptocurrency on Binance, you first need to register on Binance and complete identity verification, then download the Binance app to start trading.
Prerequisites for Buying Crypto
Before buying cryptocurrency on Binance, you need to complete the following preparations:
- Register and log in to your Binance account
- Complete identity verification (KYC)
- Have available funds in your account (fiat or cryptocurrency)
Method 1: C2C (Peer-to-Peer) Purchase
This is the most direct way to buy cryptocurrency with fiat currency.
Steps
- Open the Binance app and tap "Buy Crypto" on the home page
- Select C2C Trading
- Choose the cryptocurrency you want to buy (beginners are advised to start with USDT)
- Enter the purchase amount
- Select a payment method (Alipay, WeChat, bank card)
- The system automatically matches you with a seller
- Transfer funds using the payment information provided by the seller
- After the transfer, tap "I've Paid"
- Wait for the seller to confirm and release the cryptocurrency
Important Notes
- Always trade through the platform — never transfer privately
- Fill in the payment remarks as required — do not write anything related to cryptocurrency
- Choose sellers with many completed transactions and high ratings
Method 2: Spot Trading
If you already have stablecoins like USDT, you can purchase other cryptocurrencies on the spot market.
Steps
- Go to the "Trade" page
- Search for the trading pair you want, such as BTC/USDT
- Select "Buy"
- Set the buy price and quantity (or choose a market order for immediate execution)
- Confirm the order
Difference Between Limit Orders and Market Orders
- Limit order: You set a price, and the order is filled only when the market reaches that price — may require waiting
- Market order: Executes immediately at the current market price, but there may be slight slippage
Method 3: Quick Credit Card Purchase
Binance supports purchasing cryptocurrency directly with Visa and Mastercard, suitable for users who want to buy quickly. The fees are slightly higher than C2C, but the process is very simple.
What Crypto Should Beginners Buy
If this is your first time buying cryptocurrency, it is recommended to start with mainstream coins:
- USDT: A stablecoin pegged to the US dollar, suitable as an intermediary currency
- BTC (Bitcoin): The cryptocurrency with the largest market cap
- ETH (Ethereum): The cryptocurrency with the second-largest market cap
It is not recommended for beginners to buy small-cap altcoins right away, as they have high price volatility and significant risk.
How to View Your Holdings After Purchase
After completing a purchase, you can view all the cryptocurrencies and quantities you hold on the "Assets" page of the app. Tapping a specific cryptocurrency shows detailed position information and historical transaction records.