A Newbie’s Guide to Buying Crypto on Binance With NZD

2023-03-14

Main Takeaways

  • Once you’ve set up your Binance account, you can buy crypto on Binance in a few simple steps. 

  • The main way you can buy crypto on Binance using NZD is to use a credit/debit card.

Not sure how to buy your first cryptocurrency? Look no further, we’ve got you covered with this step-by-step guide.

A Newbie’s Guide to Buying Crypto on Binance With NZD

Trusted by millions worldwide, Binance is the world’s largest global crypto exchange by trading volume and user base. If you are looking to embark on a crypto journey for the first time, it is a great place to start. You can sign up for a Binance account and purchase cryptocurrencies with NZD in minutes. The process is simple. Open an account, choose your preferred payment method, and start buying your desired crypto. But before you get started, remember to Do Your Own Research (DYOR) and make sure you’re aware of the risks associated with purchasing and trading digital assets.

How to Create a Binance Account

Before you can buy your first BTC, ETH or BNB, you’ll need to sign up for a Binance account

  • Click [Register] on the Binance homepage. 

  • Enter your email address or mobile number and choose a strong password. If you’ve been given a referral code from a friend, now is also the time to enter it. 

  • Follow the account verification instructions by entering the 6-digit code sent to your email address or mobile number. 

  • Your Binance account should be set up once you’ve successfully verified it. Now you’re one step closer to making your first crypto purchase!

Sign up for a Binance account today!

Buying Crypto In Your Binance Account Using NZD

The main way to buy crypto on Binance using NZD is to use a credit/debit card and deposit funds into your Spot wallet. This method is the easiest option for new users. However, before purchasing crypto on Binance, ensure you’ve completed the identity verification process, known as Know Your Customer (KYC). Identity verification helps us ensure that all users are who they claim to be and that we keep the Binance ecosystem and our users safe.

Purchasing crypto with a credit/debit card

  • Log in to your account on Binance. On the Binance homepage, hover over [Buy Crypto] on the main menu bar and click [Credit/Debit Card]. 

  • Select NZD as the currency you’ll be paying with, then pick the cryptocurrency you wish to buy. Click [Continue] to proceed to provide your bank card details. 

  • Once you’ve confirmed the NZD and crypto amounts, click [Add new card]. 

  • Enter your card details, then click [Next]. 

  • Fill out your billing address and click [Add Card]. You will then be redirected to the [Pay with Credit/Debit Card] page. Confirm the amount and click [Continue]. 

  • Double-check your order details. If you’ve read and agree to Binance’s Terms of Use and Privacy Policy, tick the checkbox. Then click [Confirm] to finalise your payment. 

  • The crypto you’ve just purchased will be credited to your Spot wallet.  

For more detailed information on how to buy crypto with a credit/debit card, check out our guide on How to Buy Cryptocurrency on Binance Homepage.

How to Use Spot Trading to Buy Your First Crypto

If you are interested in trading cryptocurrencies, you can purchase crypto via Spot Trading

  • Log in to your account on Binance. Hover over [Trade] on the main menu bar and click [Spot]. 

  • Scroll down to the buying section on the trading interface to purchase your desired cryptocurrency. 

  • Enter the price and amount you wish to purchase, then click [Buy] to complete your order. 

Start spot trading on Binance today!

Start Your Crypto Journey On Binance 

Now that you’re well equipped with the knowledge you need to buy crypto, you can start building the portfolio of your dreams. That said, always remember to DYOR and make sure you’re aware of the risks before committing to any cryptocurrencies. 

Start trading on Binance today!

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Risk disclaimer: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance, and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our terms of use and risk warning.