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Get started on Binance Lite to buy and sell your crypto
Binance
2021-04-25 07:54
Tutorial video
Get started with effortless cryptocurrencies and fiat trading. Download the Binance App to buy, sell or convert your crypto at your fingertips.
We have defaulted the Binance Lite version on the Binance App for new users. It offers a clearer and easier way for you to buy and sell cryptocurrencies using fiat currencies. In the Lite version, the trading interface and Wallet are simplified, so you don’t need to navigate through complex product functions to get started.
How to buy cryptocurrencies on Binance Lite?
1. Log in to your Binance account. Tap on the trading button, then tap [Buy].
2. Choose the cryptocurrency you want to buy and enter the amount. Tap [Buy].
You can also tap on the cryptocurrency directly on the homepage to buy.
3. Select the payment method. We offer different fiat channels for users in different countries to buy crypto. Please refer to the App to see the available fiat channels for your country.
For example, if you’re using GBP or EUR, you can choose to pay with [Cash Balance] or [Pay with Card]. To pay with a cash balance, you need to deposit fiat currencies to your account first. To pay with a card, simply enter your card information and confirm payment.
We also offer P2P Trading options for some countries, please refer to the App to see the available P2P channels for your country.
For example, if you’re using VND or COP to buy, apart from the two fiat options, you can choose to pay offline via [Bank Transfer] too.
*Please note that no matter which payment method you choose, you need to complete the Identity Verification first before you trade.
How to sell cryptocurrencies on Binance Lite?
1. Log in to your Binance account. Tap on the trading button, then tap [Sell].
2. Choose the cryptocurrency you want to sell and enter the amount. 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 GBP or EUR, the fiat currency will be credited to your [Cash Balance].
We also offer P2P Trading options for some countries, please refer to the App to see the available P2P channels for your country.
For example, if you’re selling in PEN, apart from crediting it to your [Cash Balance], you can choose to receive your fiat via [Bank Transfer] with P2P Trading too.
What is the difference between Binance Lite and Binance Professional?
Binance Lite is suitable for users that are new to crypto trading, while Binance Professional offers versatile trading functionalities to fulfill professional traders’ needs, such as Futures Trading, Options Trading, and Margin Trading.
If you want to experience Binance Professional, simply go to [Profile] and toggle off the button next to [Binance Lite].
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