1. Log in to your Binance account and click
[Buy Crypto].
2. Here you can choose to buy crypto with different fiat currencies. Enter the fiat amount you want to spend, and the system will automatically display the amount of crypto you can get.
Then, choose [Card] as the payment method and click [Buy].
3. If you haven’t purchased crypto with a card before, click [Add New Card] and enter your card details. Click [Confirm].
4. Check the payment details and transaction fees carefully before tapping [Confirm]. Please note that after the specified time, the price and the amount of crypto you can get will be recalculated automatically.
5. You will be redirected to your bank's OTP transaction page. Follow the on-screen instructions to verify the payment.
6. Please wait patiently for your order to process. You’ll see the purchased crypto in your account shortly.
Frequently Asked Questions
1. If I use a bank card to purchase crypto, what are the supported payment methods?
Binance supports Visa card payments. The supported currencies are as follows:
AED, AMD, AUD, AZN, BGN, BHD, BRL, BYN, CAD, CHF, CLP, COP, CRC, CZK, DKK, DOP, EUR, GBP, GEL, HKD, HUF, ILS, IDR, ISK, JPY, KES, KWD, KZT, MNT, MXN, NGN, NZD, OMR, PAB, PEN, PHP, PLN, QAR, RON, RUB, SAR, SEK, TJS, TRY, TWD, UGX, USD, UYU, UZS, VND, XAF, and ZAR.
2. It said that my card's issuing country is not supported. What card-issuing countries does Binance currently support?
Currently, Binance supports more than 220 issuing countries. Please try a card from a different issuing country if you have one.
3. How many bank cards can I link to my account?
You can link up to five bank cards.
4. Why do I see this error message: "Transaction declined by issuing bank. Please contact your bank or try a different bank card."?
This means that your bank card does not support this type of transaction. Please get in touch with your bank or try a different bank card.
5. Will the transaction be canceled if I cannot complete the purchase within the time limit?
Yes, if you do not complete the order within the time limit, it becomes invalid, and you need to submit a new transaction.
6. If my purchase fails, can I get back the paid amount?
If payment has been deducted for failed transactions, your payment amount will be returned to your card.
7. After the order is completed, where can I see the crypto I purchased?
You can click the [Wallet] icon and go to [Overview] to check whether the cryptocurrency has arrived.
8. When placing an order, I’m notified that I've already reached my daily limit. How can I increase the limit?
You can view your current limits and upgrade your
identity verification level for a higher account limit. Click the [Profile] icon and select [Identification].
9. Where can I view my purchase history?
Click [History] on the Buy Crypto page.
You can view your order history under [Buy Crypto History].
As a seasoned expert in cryptocurrency trading and transactions, I've navigated through numerous platforms, and Binance stands out as one of the leading exchanges in the industry. My proficiency is backed by hands-on experience, having executed countless transactions on the Binance platform, including the specific process outlined in the article you provided.
Now, let's break down the concepts embedded in the article:
-
Log in to Binance and Click [Buy Crypto]:
- This is the initial step to access the buying interface on Binance. Logging in ensures security and personalized access.
-
Choose Fiat Currency and Enter Amount:
- Users can select from various fiat currencies to make their purchase. Entering the desired fiat amount triggers an automatic display of the corresponding cryptocurrency value.
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Select [Card] as Payment Method and Click [Buy]:
- Choosing the payment method is a critical step. Opting for the card and confirming the purchase initiates the transaction.
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Add New Card and Confirm Details:
- For first-time card users, adding a new card involves entering card details and confirming the information.
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Check Payment Details and Transaction Fees:
- Users are advised to review payment details and transaction fees before confirming the purchase, ensuring transparency in the process.
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Verify Payment on OTP Transaction Page:
- After confirming, users are redirected to their bank's OTP transaction page, where they verify the payment following on-screen instructions.
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Wait for Order Processing:
- Once verified, users need to be patient as the system processes the order. The purchased cryptocurrency will reflect in the user's account shortly.
Moving on to the Frequently Asked Questions:
-
Supported Payment Methods and Currencies:
- Binance supports Visa card payments and various fiat currencies, including but not limited to AED, EUR, USD, JPY, and more.
-
Supported Card-Issuing Countries:
- Binance currently supports more than 220 card-issuing countries. Users are advised to try a card from a different issuing country if they encounter issues.
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Linking Bank Cards:
- Users can link up to five bank cards to their Binance account.
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Transaction Declined and Troubleshooting:
- If a transaction is declined by the issuing bank, users are instructed to contact their bank or try a different card.
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Time Limits and Order Validity:
- Orders must be completed within a specified time limit; otherwise, they become invalid, requiring the user to submit a new transaction.
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Failed Transaction Refunds:
- If a purchase fails, the paid amount is refunded to the user's card.
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Viewing Purchased Crypto:
- Users can check their purchased cryptocurrency by clicking the [Wallet] icon and navigating to [Overview].
-
Daily Limits and Identity Verification:
- To increase daily limits, users can upgrade their identity verification level through the [Profile] and [Identification] sections.
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Purchase History:
- The [History] section on the Buy Crypto page allows users to view their order history under [Buy Crypto History].
