This video is for demonstration only. The actual situation may be subject to market conditions and platform rules.
To get started with cryptocurrency and its derivatives trading, we need to hold crypto in the first place. So, how to buy crypto?
1. What is Fiat to Crypto
Fiat refers to the fiat money issued by the government, such as CNY, TWD, EUR, and USD. Fiat to Crypto means buying, selling, or trading cryptocurrency with fiat money.
2. What is P2P transaction
P2P transaction refers to peer-to-peer trading, where buyers buy crypto from sellers with fiat money. It involves buying and selling cryptocurrencies directly between users on an individual basis, without dealing with the exchange. As a result, buying cryptos with fiat money is also called "P2P" transaction.As a link between buyers and sellers, BingX provides security protection for their transactions. Merchants or sellers will be reviewed by BingX so that users can trade with ease and trust.
3. How to buy crypto with fiat money
BingX offers two solutions for fiat-to-crypto trading: Buy crypto with credit card and P2P.
4. How to buy crypto with credit card
Step 1: Log into BingX official website or App, and select "Buy Crypto with credit card" (Web: Homepage -> Buy Crypto -> Buy Crypto with credit card; App: Homepage -> Deposit/Buy Crypto -> Buy Crypto with credit card).
Step 2: Select the crypto that you would like to buy, such as USDT, BTC, and ETH.
Step 3: Enter an amount or value, and select a payment currency.
Step 4: Click "Buy Now".
Step 5: Select a service provider based on your needs. Available options include Banxa, MoonPay, and Advcash.
Step 6: Read the Disclaimer carefully, and then the page will be redirected to the payment page or the official website of the service provider. Enter your credit card information or real-name verification information to make the payment.
Step 7: After the payment, you can check the crypto that you bought in your BingX fund account.
5. How to buy crypto via P2P
Step 1: Log into BingX official website or App and complete KYC verification. (How to Complete KYC or Identity Verification)
Step 2: Go to the "P2P" page (Web: Homepage -> Buy Crypto -> P2P; App: Homepage -> Deposit/Buy Crypto -> P2P).
Step 3: Enter the fiat value or the USDT amount that you would like to buy under the "Buy" tab, and click "Buy with 0 Fee" to place the order.
Step 4: Select a payment method and click "Buy".
Step 5: After the order is created, click "Pay" and request payment information from the seller.
Step 6: Make the payment on the corresponding third-party platform after receiving the payment information.
Step 7: Once the payment is completed, click "Transferred, notify seller" on the order page and wait for the seller to confirm the receipt of your payment.
Step 8: Check the crypto that you bought in your fund account. The transaction is thus completed.