Note: This asset is not listed on Binance for trade and service.
Binance is constantly reviewing and adding crypto assets that can be used on the Binance platform. If you would like to know where to buy Balance Tokens, which is currently not listed on Binance, you can follow the step-by-step guide below.
The most straightforward way is to find a reliable centralized exchange where you can buy Balance Tokens, similar to Binance. You can refer to Coinmarketcap.com's Markets section to find the list of centralized exchange the coin is listed on.
Another option to buy the Balance Tokens is through a decentralized exchange (DEX) which supports the blockchain where your Balance Tokens resides. This guide will show you how to buy Balance Tokens by connecting your crypto wallet to a decentralized exchange (DEX) and using your Binance account to buy the base currency.
1
Download a Crypto Wallet
A crypto wallet is a tool that allows users to interact with blockchain networks where you can send, receive and store your crypto assets. Go to the official website of the Balance Tokens to check the supported crypto wallet. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or iOS App Store if it’s available. Make sure that you are downloading the official Chrome extension or mobile app by visiting the crypto wallet’s website. If you don’t have a crypto wallet, you may want to check Trust Wallet.
2
Set up your crypto wallet
Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1. You may refer to the wallet’s support page for reference. Make sure to keep your seed phrase safe, and take note of your wallet address. You will be using it later on Steps 4 and 6.
3
Buy ICX as Your Base Currency
Once your wallet is setup, you can login to your binance account and proceed to the Buy & Sell crypto webpage to buy the ICX. If you are not an existing user, you can refer to our How to Buy ICX guide on registering and buying your first cryptocurrency on Binance.
4
Send ICX From Binance to Your Crypto Wallet
Once you buy yourICX, go to your Binance wallet section and look for the ICX you purchased. Click on withdraw and fill up the required information. Set the network to Icon, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your ICX to appear in your crypto wallet.
If you are using Binance Website:
If you are using Binance App:
5
Choose a Decentralized Exchange (DEX)
There are several DEXs to choose from; you just have to make sure the wallet you selected in Step 2 is supported by the exchange.
6
Connect Your Wallet
Connect your crypto wallet to the DEX you want to use by using your wallet address from Step 2.
7
Trade Your ICX With the Coin You Want to Get
Select your ICX as the payment and select the Balance Tokens as the coin you want to acquire.
8
If Balance Tokens Doesn’t Appear, Find its Smart Contract
If the coin you want does not appear on the DEX, you can refer to Layer 1’s block explorer and find the smart contract address. You can then copy and paste it into your selected DEX. Beware of scams and make sure you got the official contract address.
9
Apply the Swap
Once you are done with the previous steps, you can click on the Swap button.
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