How to deposit your local currency on binance to buy hive
Happy sunday hivers...
I have been teaching people how to withdraw their usdt after converting their coins and now i realized it is time to teach them how to invest their money online too...
Last month, a friend ask me how he can use his offline money to buy hive as he want to increase his hive stake, obviously he knows how to sell hive and the fact that he has it in mind to buy hive is really nice because like 50 percent of people only withdraw....
Hence why i decided to make this post... To buy hive, you first need to buy usdt with your currency in the bank...
Check out the steps below...
Log into your binance app
Click on funding as illustrated in the screenshot above
Click P2p as shown in the screenshot too
When this page pops up, take note of those places i marked...
Amount : This is where you can easily filter the amount of usdt you want to buy, it will ask you to fill the amount in your local currency and it will show you traders who are selling that amount...
Price: This is the amount that the seller want to sell his usdt...
Limit: This shows the minimum and maximum amount of usdt the trader want to sell so always check this before transaction to avoid wasting your own time...
TradeS: Always check the numbers of trades they have carried out, it helps in boosting confidence you are not transacting with a scammer or time waster...
Once you find a suitable seller, click on buy and you will be provided information about the person you are making the transaction with...
Info like his bank account, name and phone number[optional]
You can check his transaction history and people's feed back if you click on that arrow beside the seller's nickname, it will show you his positive and negative feedback, then you can now decide if you want to go along with the trade or not...
Read the trader's terms, some may not give terms like this screenshot above, while some may said you should not use certain banks to pay them, don't pay using a third party account and so on, you need to follow the rules to have a safe trade and if you are not ok with the rules, you can always find another seller....
The payment time limit is something you must take very serious..
If you are buying, make sure you click on payment paid before actually making the payment because if you pay and didn't click that before the time runs out, binance will cancel that trade and you will be at a loss...
Once you make the payment and the seller receive the money, he will release your coin and there you go!
Transfer the usdt from funding to your spot wallet using the Transfer option
Go to market and buy hive with the usdt...
Withdraw the hive to your hive wallet...
The end...
Just call me Burl.
I am a gamer, motivational speaker and a crypto enthusiast
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God exist, i am a living testimony
Giving up is not an option, every hustler has a pay day
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P2p is probably the safest method to do so. Thanks for sharing this
yes it is safe, thanks to binance for being the mediator
Yes sir
practical advise
yea
Thank you for this information. I have been trying to learn this for sometime now.
This just came in time.
You are welcome, when you are doing it and you need guidance, you can contact me
Oh Thank you
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This is so helpful to me,thank you for this post
you welcome boss
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This is great, I haven't learned this before and now I do. Thanks for sharing with us.🥰