In order to buy crypto and add funds to your crypto wallet, we are going to use the Crypto Exchange Binance mobile app.
It takes some steps to accomplish that:
- Install the app and Sign up
- Verify your identity
- Transfer fiat money to exchange
- Buy at least 30 dollars worth of crypto (eth)
- Withdraws your crypto to your Metamask wallet
Let’s start.
Step 1: Install the app and Sign up
Here we are gonna use the Android mobile app, but the steps are very much the same on iOs. You also can do this process on Binance.com, but the identity verification check will be a little more complicated because you need to take a document photo using your webcam but is possible too.
So, go to the app store on your phone and download the Binance app.
Open it and click on Sign up, and then Sign up with phone or email.
Here you choose between email and phone number.
Fill in with the information chosen and with a strong password.
Select the terms of service and in Referral ID you can fill in with my code to reward me for this tutorial: Fill in with 29172989.
Click on Create Account.
Slide the piece puzzle in the field.
Check your email or SMS, find the Binance new message, copy the verification code and paste it here. Click submit.
2. Verify your identity
The second step is to verify your identity.
Click on Verify now.
Then, select Country of Residence.
Select the Nationality, Fill in all information.
Now select with which document you want to verify your identity.
Read carefully all information to not have your application denied.
Click in Add to send a photo.
It’s important that the document is on a blank background and that the image be clear and not unfocused.
Continue.
The next step is to take a selfie and send it.
Once you get verified, you are ready to buy crypto.
Step 3: Add funds, transferring fiat money to exchange
Open your app, click login and fill in your email or cellphone number, and the password.
A new message will be sent to you with a code. Copy and paste it.
Now, you are logged in to your Binance account.
In order to be able to buy crypto, you need to add funds to your account, sending fiat money, like dollars or reais, to it.
So, on the main screen, click on the yellow button with two arrows and then deposit.
Choose the currency and follow the steps.
If you are Brazilian, you can just send a pix, from your personal bank account to the Binance key.
Fill in the amount, at least U$ 30 worth of your currency, so you can buy more than the crypto withdrawal limit, and can send your crypto to your wallet later.
If you have dollars, the process is very much alike, just send a bank transfer (swift).
Depending on which process you’ve chosen, the process can take some minutes.
Step 4: Buy at least 30 dollars worth of crypto (eth)
When you see the balance updated, you can buy crypto. Here we are buying Ether, the native cryptocurrency of Ethereum, the main App Blockchain.
Click on the yellow button again, on buy, and then choose Eth.
Fill in with the amount you want to buy. For example, 30 dollars worth of Eth.
Select fiat balance, that is, the amount available on your account that you have already transferred.
And confirm.
Step 5: The last step is to withdraw your crypto.
Click on the wallet at the bottom of the screen, on Withdraw, Crypto, and Eth.
Here is a very important step. If you get this wrong, you will lose your money.
So pay attention.
If you haven’t a Metamask wallet plugin installed on your browser, watch the video linked in the video description.
Go to your metamask wallet, copy the address and paste it into the address field. To access it on your smartphone, you can send it from your computer to your smartphone by email.
In Network choose Optimism. This is a layer 2 solution to save money on fees. You don’t need to understand this right now. Just select this option.
Click in Max to fill in the amount of Eth you want to withdraw and click withdraw.
Probably it will ask for the code sent to email or SMS. Copy it and paste it here.
And that’s all. Now just wait some minutes and your ETH will be available on your digital wallet.