How to Buy Bitcoin on Binance
Cryptocurrency investing has gained massive popularity in India and around the world, and Bitcoin is at the heart of it.Bitcoin today is the largest Cryptocurrency created by Satoshi NakaMoto. From lows of 10000 BTC for 2 pizzas to recent high of $1,11,000 dollars Bitcoin meteoric rise has captivated many. Among the many exchanges available, Binance stands out as one of the largest, biggest and one of the oldest most trusted platforms. If you are wondering how to buy Bitcoin on Binance, this guide will walk you through every step — from creating an account to securing your investment.
Why Choose Binance to Buy Bitcoin?
Before jumping into the steps, let’s understand why Binance is one of the best platforms:
- Global Leader: Binance is the world’s largest crypto exchange by trading volume and most secure by financials.
- User-Friendly: Easy-to-use interface for beginners and advanced traders.
- Multiple Payment Methods: Supports debit/credit cards, bank transfers, and even peer-to-peer (P2P) trading.
- Security: Advanced security features like 2FA (Two-Factor Authentication) and SAFU (Secure Asset Fund for Users).
- Protection Fund: he value of Binance’s protection fund, SAFU (Secure Asset Fund for Users), was stated to be $1 billion in USDC as of April 2024, although the specific value fluctuates with market conditions and requires regular top-ups to maintain its target level.
- Binance also launched its own BNB coin which has slowly crossed $1000 in recent crypto rally.You can also invest in this coin backed by Binance assets
Step 1: Create a Binance Account
Creatin an account on Binance is very simple. You just need to go through these simple steps and enter the amazing world of Bitcoin.
- Visit the official website: https://www.binance.com.
- Click on Register.
- Enter your email ID or phone number, create a strong password, and complete the verification.
- Secure your account by enabling 2FA authentication.
Step 2: Complete KYC Verification
To comply with global regulations, Binance requires identity verification.
- Upload your ID proof (Passport, Aadhaar, or Driving License).
- Complete face verification using your camera.
- Wait for approval, which usually takes a few minutes to hours.
This ensures safe trading on Binance and increases your deposit/withdrawal limits.
Step 3: Deposit Funds into Binance
Once your account is verified, you need funds to purchase Bitcoin. Binance offers multiple options:
- Credit/Debit Card: Directly purchase Bitcoin using Visa or Mastercard.
- Bank Transfer: Add funds to your Binance wallet.
- P2P Trading: Buy USDT (Tether) directly from verified sellers and then convert it to Bitcoin.
Step 4: Buy Bitcoin on Binance
Now comes the most exciting part!
- Log in to your Binance account.
- Click Buy Crypto from the top menu.
- Choose Bitcoin (BTC).
- Enter the amount you want to purchase.
- Confirm your payment method and click Buy BTC.
Your Bitcoin will instantly reflect in your Binance Spot Wallet.
Step 5: Secure Your Bitcoin
Security should always be your top priority when dealing with cryptocurrencies. Binance offers safe storage, but for extra protection:
- Transfer your Bitcoin to a hardware wallet (Ledger, Trezor).
- Enable anti-phishing codes in your Binance account.
- Always use strong passwords and keep your devices secure.
Pro Tips for Beginners
- Start small — even ₹500 worth of Bitcoin or you can create SIPs into BTC which averages out the buys
- Watch Binance tutorials and learn about market trends.
- Never share your login details or OTPs with anyone.
- Keep track of fees (Binance has one of the lowest trading fees globally).
Conclusion
Buying Bitcoin on Binance is simple, secure, and beginner-friendly. With multiple payment methods, low fees, and advanced security, it’s no wonder Binance is the preferred choice for millions of investors worldwide. If you’re ready to start your crypto journey, follow the above steps and make your first Bitcoin purchase today.