Why choose Binance? Binance is known for its low trading fees and user-friendly interface. For novice investors, purchasing Bitcoin (BTC) with USDT (Tether) is one of the most common and relatively stable entry methods. As a stablecoin, USDT is pegged to the US dollar at a 1:1 ratio, effectively avoiding the extreme volatility of the cryptocurrency market, making it an ideal trading medium. This tutorial will provide a detailed guide from registering a Binance account to completing the BTC purchase, helping cryptocurrency beginners safely and efficiently make their first Bitcoin transaction.
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Registering and verifying a Binance account
- Visit the Binance official website and register
First, enter the official Binance website in your browser (be cautious of phishing sites) and click the "Register" button in the upper right corner. It is recommended to operate on a computer for higher security. During registration, you need to provide:
Enter a valid email address (it is recommended to use a commonly used email), set a strong password (including uppercase and lowercase letters, numbers, and special characters), and select your country/region (based on your actual residence).
Basic tutorial for buying Bitcoin BTC with Binance spot USDT
2. Complete identity verification (KYC)
After logging in, go to the "Identity Verification" page, select the type of personal verification, and upload identification documents (ID card, passport, or driver's license).
Perform facial recognition verification and wait for approval (usually takes a few minutes to a few hours). After completing KYC, the account will have higher trading limits and full functional permissions.
Complete identity verification (KYC)
After logging into the Binance official website, select the professional version in the trading menu.
First, take a look at the spot (crypto-to-crypto trading) interface of Binance professional version.
There are mainly ① menu area ② market area ③ chart area ④ coin selection area ⑤ wallet and order area ⑥ order trading area.
① Menu area, here are common menus such as buy coins, market, trading, derivatives, etc.
② Market area, latest transaction price, default is BTC/USDT.
③ Chart area, here you can view the trends of Bitcoin and other virtual currencies.
④ Coin selection area, here are mainly currency pairs of the USDT base currency, we will demonstrate with BTC/USDT.
⑤ Wallet and order area, here you can view your wallet and spot orders.
⑥ Trading area, here you can open trades, be careful to select spot; if leverage is added, it becomes contract trading.
Binance tutorial for buying Bitcoin with USDT
Before starting crypto-to-crypto trading, you need to transfer USDT from the "Fiat CC Account" to the "Spot Account"! If you don't have coins, you need to buy USDT in the fiat area first.
Binance tutorial for buying Bitcoin with USDT
To purchase Bitcoin, go to the menu bar - crypto-to-crypto trading - select the coin area to choose BTC/USDT trading. It is important to ensure that the selected trading pair is correct.
Here is the price trend chart for Bitcoin against Tether (BTC/USDT), where you can choose minute, hourly, and daily charts to assess Bitcoin's trend.
Here is the trading area for BTC/USDT, select limit trading, set the buying price and quantity, and place the order. If you want to sell Bitcoin, simply reverse the operation. After the transaction, you can check your position in the holdings area.
In the holdings area, you can view current pending orders, where the order price indicates that if the BTC/USDT price drops to 54120, it will be executed. The 54170 on the right is the latest transaction price, which can be used as a reference!
Now let's take a look at Binance's contract trading interface. In derivatives trading, find the USDT margin contract. The trading method is similar to spot trading, just be careful not to set the leverage too high!
The USDT margin contract mainly consists of ① menu area ② coin selection and chart area ③ holdings area ④ wallet order area ⑤ ⑥ market area ⑦ order trading area ⑧ margin ratio area.
① Menu area, here are common menus such as buy coins, market, spot, contracts, etc.
② Coin selection area, here are mainly currency pairs of the USDT base currency, we will demonstrate with BTC/USDT.
③ Chart area, here you can view the trends of Bitcoin and other virtual currencies.
④ Trading area, open positions here.
⑤ Market area, latest transaction price.
Summary
Through this tutorial, you have learned the complete process from registering a Binance account to purchasing BTC with USDT. As you gain experience, you can further explore other advanced trading features and products offered by Binance, such as contract trading, financial products, and Launchpad.