We have defaulted the Binance Lite version on the Binance App for new users. It offers you a way to buy and sell cryptocurrencies using fiat currencies.
How to buy cryptocurrencies on Binance Lite?
Please note that you need to complete Identity Verification for your Binance account before trading.
1. Log in to your Binance App. Tap the trading button on the home screen and select [Buy].
2. Choose the cryptocurrency you want to buy. For example, BNB.
3. You may also tap on the cryptocurrency directly on the homepage to buy.
4. Select the fiat currency you want to use and enter the amount, or tap [By quantity] and enter the amount of crypto you want to get. You’ll see an estimated quantity or price. Tap [Buy].
5. Select a payment method. We offer different fiat channels for users in different countries/regions to buy crypto. Please refer to the App to see the available fiat channels.
For example, if you’re using EUR, you can choose to pay with [Apple/Google Pay], [Debit / Credit card], or [Cash Balance]. To pay with a cash balance, you need to deposit fiat currencies to your account first. To pay with a card, enter your card information and confirm payment.
6. We also offer P2P trading for some countries, please refer to the App to see the available P2P channels for your country. For example, if you’re using VND, you can choose to pay offline via [Bank Transfer].
How to sell cryptocurrencies on Binance Lite?
1. Log in to your Binance App. Tap the trading button on the home screen and select [Sell].
2. Choose the cryptocurrency you want to sell. For example, BNB. Then, enter the amount or choose a percentage to sell. You can also tap [By amount] and enter the amount of fiat you want to get. Tap [Sell].
3. Select how you want to receive the fiat currency. We offer different fiat channels for users in different countries. Please refer to the App to see the available fiat channels for your country.
For example, if you’re selling crypto in EUR, you can choose [Debit / Credit Card] or [Cash Balance].
4. We also offer P2P trading for some countries, please refer to the App to see the available P2P channels for your country.
For example, if you’re selling in VND, you can choose to receive your fiat via [Bank Transfer] with P2P Trading.
What is the difference between Binance Lite and Binance Pro?
If you want to experience Binance Pro, go to [Profile] and toggle on the button next to [Binance Pro].
