How to buy crypto on binance

There are two main ways to buy Bitcoin on Binance using cash: you can link your debit/credit card or bank account, or buy crypto directly from other users on Binance P2P. Linking your debit card, credit card, or bank account (available in many regions) is one of the easiest ways to buy Bitcoin.

The cheapest way to buy bitcoin in the UK is to deposit GBP into Coinbase Pro using a UK bank transfer. On this cryptocurrency exchange, you’re able to buy bitcoin at the real exchange rate without paying excessive fees (up to 0.5%). You can also use Binance to buy bitcoin cheaply in the UK.

Coinbase is the quickest and cheapest way to buy Bitcoin out of the three brokers I’ve talked about. CEX has better trading options, and Coinmama is better for privacy. However, Coinbase offers some of the lowest fees in the market for direct purchases with credit and debit cards.

Cryptocurrency is an area of investing that is extremely volatile and difficult to really trust. That said, you can invest as little as a few dollars into an asset like Bitcoin. You don’t have to buy one whole Bitcoin! So, you can buy a few fractions of a Bitcoin up to $100 and you’ll be building your portfolio.

The smallest unit of Bitcoin is called 1 Satoshi. 1 Satoshi is equal to 0.00000001 BTC. So you can start by buying for $100 of Bitcoin.

In this case, Coinbase Pro provides the “Market order” option by default at a fee of 0.3%. To avoid this fee, place a “Limit order”. This option enables you to put in the purchase bid for your order. This maneuver will keep you free from Coinbase fees.