There are 3 popular ways for beginners to buy Bitcoin on Binance: buy with USDT on the Spot market (lowest cost), buy directly with a credit card (fastest), or use Convert for a one-click exchange (easiest). If you plan to hold for the long term, you can set up recurring buys to automatically purchase Bitcoin weekly or monthly. Here’s how to do each step by step.

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Get ready before buying Bitcoin

  1. Complete identity verification (Binance identity verification (KYC) guide) and security setup (Binance security setup: two-factor authentication and anti-phishing code)

  2. If you have USDT in your account, see (How to deposit to Binance (for users in Taiwan)) for deposit methods.

  3. If it’s your first time, start with a small amount to get familiar with the process

Method 1: Buy on the spot market using USDT (lowest fees)

Step 1: Transfer USDT to your Spot Account

USDT bought through P2P is usually in your Funding Account. Go to “Assets → Transfer” and move it from your Funding Account to your Spot Account. It’s free and instant.

Step 2: Place an order for BTC/USDT

  1. Tap “Trade → Spot” and search for BTC/USDT.

  2. Choose an order type:

  3. Limit order: Set your own purchase price. Your order will be filled only when the price reaches it, so this is suitable if you’re not in a hurry.

  4. Market order: Buy immediately at the best available price. Suitable if you want to buy right away.

  5. Enter the amount or drag the percentage slider, then tap “Buy BTC.”

  6. Once the order is filled, your BTC will be in your Spot Account.

The standard spot trading fee for Binance users is 0.1%. Enable BNB fee discounts for 25% off, and sign up with referral code BNBEN to get an additional 20% commission kickback.

Method 2: Buy BTC directly with a credit card (fastest)

  1. On the home page, tap “Buy Crypto” and select credit/debit card.

  2. Select BTC, enter the amount, and link a Visa or Mastercard.

  3. The confirmation page will show how much BTC you’ll receive and the fee. Review the details and confirm.

  4. Complete bank verification, and the funds will arrive within a few minutes.

The fee is usually higher than Method 1. Some card-issuing banks may decline cryptocurrency transactions, so check before using this method.

Method 3: Convert (easiest)

  1. Tap “Trade → Convert.”

  2. Select USDT at the top and BTC at the bottom.

  3. Enter the amount, review the quote, and confirm the conversion.

Convert charges no separate fee; the cost is already included in the quote. It’s convenient for small amounts. For larger amounts, compare the quote with the spot price first.

How to choose between the 3 methods

  • Want to save on fees or buying a larger amount: Method 1

  • Want to buy within minutes and are buying a small amount: Method 2

  • Already have USDT and are buying a small amount: Method 3

  • Planning to hold long-term: See the next section to set up recurring buys

How to set up recurring Bitcoin purchases

Recurring purchases automatically buy a fixed amount at set intervals—for example, $20 worth of BTC every Monday. You don’t need to time the market: you buy less when the price is high and more when it’s low, which can help average out your cost over the long term.

General steps for setting up recurring purchases on Binance (menu names and locations may vary by version; follow what you see in the app):

  1. Search for or find the “Recurring Buy” feature in the app (usually under “Trade” or “Earn”).

  2. Select BTC.

  3. Set the amount and frequency (daily, weekly, or monthly).

  4. Choose the payment source, usually USDT in your account.

  5. Confirm and enable it. You can pause or change it at any time.

Remember to keep enough USDT in your account. If your balance is insufficient, that scheduled purchase won’t go through.

5 common mistakes beginners make when buying BTC

  1. Confusing spot trading with futures: Beginners should stick to spot trading. Futures use leverage and can lead to liquidation.

  2. Placing an order while your USDT is still in your Funding Account: Transfer it to your Spot Account first.

  3. Using a market order for a large purchase: When the market is volatile, the execution price may be higher than the price you see. Use a limit order for large purchases.

  4. Buying high and selling low: Buying in installments or using recurring purchases is a steadier approach.

  5. Trusting trading signal gurus: Anyone who messages you out of the blue claiming they can help you make money is almost certainly a scammer.

Frequently asked questions

What’s the minimum amount of Bitcoin I can buy?

You can buy a fraction, such as 0.0001 BTC. Spot trading has a minimum order amount, which is shown on the order page. You can generally buy with just a few dollars.

Can I stop recurring purchases at any time?

Yes. You can pause, edit, or turn them off at any time. Any BTC you’ve already bought won’t be affected.

Do I have to pay taxes when I buy Bitcoin?

Follow the tax rules where you live, and keep records of your transactions.

Summary

  1. Lowest cost: Transfer USDT to your Spot Account → Buy BTC/USDT on the spot market

  2. Fastest: Buy directly with a credit card

  3. Easiest: Convert

  4. For long-term holding: Set up recurring BTC purchases

  5. Enable BNB fee discounts. Enter referral code BNBEN when you sign up

Disclaimer: Fees, features, and available services vary by region. Refer to the official Binance website. Cryptocurrency prices are highly volatile. This article is for instructional purposes only and does not constitute investment advice.