First time buying crypto and feeling unsure? Don't know how money goes in, how to buy coins, or how to cash out profits? This tutorial covers everything. Register an account, download the APP, and follow along.
Before Buying: Preparation
Register on Binance and complete KYC (identity verification) — upload ID photos and facial recognition. Without this, C2C and withdrawal functions are unavailable.
Understand the account structure: C2C account (for local currency/USDT trades), Spot account (for coin-to-coin trading), Futures account (for futures). Free transfers between accounts.
Complete Buying Process
Step 1: Buy USDT (Deposit)
Open APP → "C2C" or "Quick Buy" → Select USDT → Enter amount → Choose verified merchant → Pay via your method → Tap "I've paid" → Wait for merchant to release. Important: Always tap "I've paid" in the app after payment.
Step 2: Transfer to Spot Account
Assets page → Transfer → C2C to Spot → Enter amount → Confirm. Instant, no fee.
Step 3: Buy Your Coin
Spot trading → Search coin → Select USDT pair → Market order (instant) or Limit order (set price) → Enter amount → Confirm.
Complete Selling Process
Step 1: Sell your coin for USDT in spot trading.
Step 2: Transfer USDT from Spot to C2C account.
Step 3: Sell USDT in C2C, set payment method, wait for buyer, verify the money is actually in your account before releasing coins.
Important Notes
- Don't trade too frequently — fees add up
- Start small (100-200 yuan) to learn the process
- Make sure you select USDT trading pairs
- Set profit targets and stop-losses before buying
- Keep records of all transactions
The whole buy-sell process is just these steps. It may feel like a lot the first time, but after doing it once or twice, it becomes second nature.