Beginner's Guide to Buying Bitcoin on Binance: Methods and Channels Explained

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Want to buy Bitcoin on Binance but overwhelmed by the numerous options available? This guide breaks down the simplest ways to purchase Bitcoin step by step.

Why Choose Binance to Buy Bitcoin?

Binance offers multiple convenient methods to buy Bitcoin:

  1. Credit/Debit Card Purchase: Instantly buy Bitcoin with your card.
  2. Peer-to-Peer (P2P) Trading: Buy Bitcoin directly from verified sellers.
  3. TWD-to-USDT Conversion: Exchange TWD for stablecoins like USDT first, then trade for Bitcoin on Binance’s spot or futures markets.

For long-term crypto investors, we recommend converting TWD to USDT first before trading Bitcoin—similar to exchanging fiat for chips in an arcade. Stablecoins act as the "universal currency" of the crypto world due to their price stability.

Step-by-Step Guide to Buying Bitcoin on Binance

Step 1: Register an Account

To start buying Bitcoin on Binance, you’ll need:

👉 Sign up for Binance here

Registration Process:

  1. Create a Binance account.
  2. Complete basic verification.
  3. Pass KYC to enable higher transaction limits.

For a detailed guide, check our Binance account registration tutorial.

Step 2: Fund Your Account

Since TWD isn’t directly tradable for Bitcoin, you’ll first need to convert it to USDT. Here’s how:

Method 1: Credit/Debit Card (Fast but High Fees)

Steps:

  1. Go to Binance Wallet → Click "Buy Crypto."
  2. Select TWD → Choose USDT and enter the amount.
  3. Pay via card/Apple Pay.

Method 2: P2P Trading (Lower Fees, Manual Process)

Steps:

  1. Navigate to P2P Trading → Select USDT.
  2. Pick a seller, transfer TWD, and receive USDT.

Method 3: Taiwan Exchange中转 (Recommended for Safety)

Steps:

  1. Deposit TWD into a Taiwan-based exchange (e.g., MAX).
  2. Buy USDT on its spot market.
  3. Transfer USDT to Binance via blockchain.

Step 3: Transfer Funds to Trading Account

Before trading, move USDT from your "Funding Wallet" to:

Steps:

  1. Go to Binance Wallet → Click "Transfer."
  2. Select source (Funding) and destination (Spot/Futures).
  3. Enter the USDT amount and confirm.

Step 4: Buy Bitcoin

Choose your preferred trading method:

Option A: Spot Trading (Simple & Safe)

Option B: Futures Trading (Advanced, High Risk)

For beginners, spot trading is strongly recommended.

Step 5: Sell Bitcoin

To cash out profits:

  1. Sell BTC for USDT (reverse of Step 4).
  2. Withdraw USDT via P2P or Taiwan exchange.

Step 6: Withdraw to Bank

Convert USDT back to TWD:

  1. P2P Method: Sell USDT to a buyer for TWD.
  2. Exchange Method: Transfer USDT to a Taiwan exchange → Sell for TWD → Withdraw to bank.

👉 Secure withdrawals made easy

FAQs About Buying Bitcoin on Binance

1. How do I buy Bitcoin on Binance?

Register → Deposit TWD → Convert to USDT → Trade for BTC.

2. Is Binance safe for Bitcoin trading?

Yes, Binance is the world’s largest crypto exchange with robust security measures.

3. What’s the cheapest way to buy Bitcoin?

Using a Taiwan exchange to convert TWD to USDT first saves fees.

4. Can I transfer Bitcoin from another exchange to Binance?

Yes! Ensure you use the correct blockchain network.

5. Why use USDT instead of buying Bitcoin directly?

USDT offers price stability and better liquidity for trading.

This guide covers everything from registration to withdrawals, optimized for both beginners and experienced traders. Start your Bitcoin journey today!


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