"I want to buy some Bitcoin — how exactly do I do it?" This is probably the most asked question by crypto newcomers. Buying Bitcoin on Binance takes just a few steps, and each one is straightforward.
Overview
Register → Identity verification → Deposit (buy USDT) → Buy BTC with USDT
Four major steps. Let's break them down.
Step 1: Register
Sign up for Binance with your email or phone number. Use a strong password with uppercase/lowercase letters, numbers, and special characters.
Step 2: Identity Verification
Go to your profile, find "Identity Verification." Upload your ID front and back, then complete facial recognition. Usually takes minutes if everything goes smoothly.
Step 3: Buy USDT
Bitcoin can't be purchased directly with fiat. First buy USDT (a stablecoin pegged to USD).
- App → Buy Crypto → C2C
- Select USDT, choose your payment method (Alipay/WeChat/bank transfer)
- Select a merchant, enter amount, place order
- Pay according to merchant's info
- Return to Binance and confirm "I've Paid"
- Wait for merchant to release USDT
Step 4: Buy BTC with USDT
Method A: Spot Trading (Recommended)
- Transfer USDT from Funding to Spot Account
- Search "BTC/USDT" trading pair
- Choose Market Order (instant) or Limit Order (set your price)
- Enter amount, tap "Buy BTC"
Method B: Convert (Simpler)
- Go to Trade → Convert
- Select USDT to BTC
- Enter amount, confirm within 5 seconds
- Done instantly
Convert is simpler but the rate is slightly less favorable. For small amounts, the difference is negligible.
How Much Should I Buy?
Bitcoin supports fractional purchases — minimum around 0.00001 BTC. For beginners, start with a small amount to get familiar with the process.
Where Is My BTC After Purchase?
In your Spot Account. You can hold long-term, trade actively, or set up auto-invest for regular purchases.
Beginner FAQ
Q: What if the price drops after buying? Price fluctuations are normal. Long-term believers shouldn't worry about short-term moves.
Q: Can I buy half a Bitcoin? Yes. Bitcoin is divisible to 8 decimal places.
Q: Are there fees? Yes. Default spot fee is 0.1%, reduced with BNB deduction.
Q: How long does the whole process take? With a registered and KYC'd account, about 10 minutes from buying USDT to owning BTC.