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How to Use the Lite Version on the Binance App to Buy and Sell Crypto

2020-11-26 12:47

What is the Lite version on the Binance App?

The Lite version is a simplified version of the Binance App. It is designed for novice users who are new to crypto trading. With the Lite version, you can easily buy and sell cryptocurrencies and view your assets with just a few taps.

How can I switch to the Lite version?

To use the Lite version, you need to:
1. Update your Binance App to the latest version
To check which version you're currently using, tap the [Profile] icon and select [Settings] - [About Us]. You can update the App to the latest version directly from [About Us] by tapping [Check for updates].
2. Toggle between the Lite and the Pro versions from [Profile] - [Binance Lite].

How to buy crypto in the Lite version?

You can buy cryptocurrencies using your fiat cash balance, credit/debit cards, or P2P trading. Please note that you need to complete Identity Verification before buying crypto with a bank card. For more details, please refer to How to Buy Crypto with Card on Binance Lite App.
Currently, the Lite version supports purchasing crypto via P2P with certain fiat currencies. Please refer to the App for the most updated list of crypto we support. Once you enter the transaction amount in the P2P trading interface, the system will automatically match a fiat or P2P order for you. You will see the quote and can choose which channel to use for the transaction.

How to sell crypto in the Lite version?

You can sell cryptocurrencies to your cash balance, credit/debit card, or P2P trading on Binance Lite. We offer different fiat channels for users in different countries. Please refer to the App to see the available fiat channels for your country. Currently, the Lite version supports selling crypto via P2P with certain fiat currencies. Please refer to the App for the most updated list of crypto we support.
For more information, please refer to How to Sell Cryptocurrency via P2P Trading on Binance Lite.

Why do prices differ between different payment methods?

Quote prices are provided separately by the Fiat and P2P channels, and the pricing rules cause the quotes to differ between payment channels.

Why can’t I see the Fiat or P2P price quote?

The quotes you can see are determined by the fiat currency and crypto you selected in the App’s settings. For example, you will only see a fiat trading quote when placing a EUR order. When you place a VND order, you can see quotes from both channels.