Welcome Guest ( Log In | Register )

9 Pages  1 2 3 > » Bottom

Outline · [ Standard ] · Linear+

 How to buy btc in binance

views
     
TSDealus
post Nov 15 2020, 02:15 PM, updated 4y ago

Getting Started
**
Junior Member
97 posts

Joined: Oct 2011
Heya, I’ve just signed up for Binance and I’m new to crypto investing in general.

How do you buy Bitcoins in small amounts like RM200 a month?

There’s the p2p option but I see trades worth 60k and above only.

Need to buy in USD using credit card perhaps?
alepfx
post Nov 15 2020, 02:36 PM

New Member
*
Newbie
28 posts

Joined: Mar 2011
QUOTE(Dealus @ Nov 15 2020, 02:15 PM)
Heya, I’ve just signed up for Binance and I’m new to crypto investing in general.

How do you buy Bitcoins in small amounts like RM200 a month?

There’s the p2p option but I see trades worth 60k and above only.

Need to buy in USD using credit card perhaps?
*
why you are not buying from Luno since it is regulated by BNM and approved by SC malaysia and also got local transfer facilities?
TSDealus
post Nov 15 2020, 03:06 PM

Getting Started
**
Junior Member
97 posts

Joined: Oct 2011
QUOTE(alepfx @ Nov 15 2020, 02:36 PM)
why you are not buying from Luno since it is regulated by BNM and approved by SC malaysia and also got local transfer facilities?
*
Hmm binance is a more known brand so I went with it. Willing to know more about Luno. Do they have a savings wallet feature to earn interest?
doraemonkiller
post Nov 16 2020, 02:59 AM

Regular
******
Senior Member
1,087 posts

Joined: Nov 2008


QUOTE(Dealus @ Nov 15 2020, 02:15 PM)
Heya, I’ve just signed up for Binance and I’m new to crypto investing in general.

How do you buy Bitcoins in small amounts like RM200 a month?

There’s the p2p option but I see trades worth 60k and above only.

Need to buy in USD using credit card perhaps?
*
https://c2c.binance.com/en/trade/buy/BTC

start from RM50
jkngo2003
post Nov 24 2020, 08:57 AM

Regular
******
Senior Member
1,075 posts

Joined: Mar 2013


QUOTE(Dealus @ Nov 15 2020, 02:15 PM)
Heya, I’ve just signed up for Binance and I’m new to crypto investing in general.

How do you buy Bitcoins in small amounts like RM200 a month?

There’s the p2p option but I see trades worth 60k and above only.

Need to buy in USD using credit card perhaps?
*
Let me share my experience with you.

For binnace share market , mainly use the usdt. This market price is better than p2p. Like share market. You can set the buy price you want and you go to sleep. When reach the price you set, then it will buy or sell automatic .

Now the question is how to get usdt?

In binance, p2p trading is free. You can buy the usdt with cheapest price. Now one usdt is cost rm4.11. I check many platform. I think binance offer the best rate for all p2p.

Compare is remitano, I charge 1 percent for p2p.
Luno also around that.

Now many seller in luno and remitano is at binance now.
Because no fee, they offer better price . And you can get the seller contact too which is not allowed at luno and remitano because binance no fee for p2p. He don't Mind you deal outside(better in binance coz many scammer).

With the usdt, then you can buy easily in binance market.

Don't gamble , don't margin, only investments.

Now is good time to invest although many people say it so high now.

Nothing is at highest price. Will have higher price.

For sure , investment have it own risk.
TSDealus
post Nov 26 2020, 05:37 PM

Getting Started
**
Junior Member
97 posts

Joined: Oct 2011
QUOTE(jkngo2003 @ Nov 24 2020, 08:57 AM)
Let me share my experience with you.

For binnace share market , mainly use the usdt. This market price is better than p2p. Like share market. You can set the buy price you want and you go to sleep. When reach the price you set, then it will buy or sell automatic .

Now the question is how to get usdt?

In binance, p2p trading is free. You can buy the usdt with cheapest price. Now one usdt is cost rm4.11. I check many platform. I think binance offer the best rate for all p2p.

Compare is remitano, I charge 1 percent for p2p.
Luno also around that.

Now many seller in luno and remitano is at binance now.
Because no fee, they offer better price . And you can get the seller contact too which is not allowed at luno and remitano because binance no fee for p2p. He don't Mind you deal outside(better in binance coz many scammer).

With the usdt, then you can buy easily in binance market.

Don't gamble , don't margin, only investments.

Now is good time to invest although many people say it so high now.

Nothing is at highest price. Will have higher price.

For sure , investment have it own risk.
*
Thanks for sharing your experience.

So basically I should get USDT via P2P as my platform currency to buy the different cryptos (ie Bitcoin)? Since buying Bitcoin directly from the seller via P2P is super pricy with the bad spread.

Do u get Bitcoin using USDT in the Spot market section?

This post has been edited by Dealus: Nov 26 2020, 05:46 PM
jkngo2003
post Nov 26 2020, 05:43 PM

Regular
******
Senior Member
1,075 posts

Joined: Mar 2013


QUOTE(Dealus @ Nov 26 2020, 05:37 PM)
Thanks for sharing your experience.

So basically I should get USDT via P2P as my platform currency to buy the different cryptos (ie Bitcoin)? Since buying Bitcoin directly from the seller via P2P is super pricy with the bad spread.

How can I buy Bitcoin using USDT? Don’t really see that option in P2P
*
You get the usdt first . Then you transfer the usdt from psp wallet to market wallet. Then you can use the usdt to buy the btc in binance market.

Binanace market fee is 0.5 percent if I no mistake
gashout
post Dec 3 2020, 03:30 PM

⭐ My stars are growing ⭐
*******
Senior Member
3,634 posts

Joined: Apr 2019
Binance FIAT start to pay SUSPENDED, what does it mean? I am a new user.
MrBaba
post Dec 3 2020, 03:57 PM

Look at all my stars!!
*******
Senior Member
2,121 posts

Joined: Apr 2020
QUOTE(gashout @ Dec 3 2020, 03:30 PM)
Binance FIAT start to pay SUSPENDED, what does it mean? I am a new user.
*
They don't take RM one ma , our setting will show RM hence suspended. They don't take my cc one , correct me if I'm wrong
gashout
post Dec 3 2020, 07:19 PM

⭐ My stars are growing ⭐
*******
Senior Member
3,634 posts

Joined: Apr 2019
QUOTE(MrBaba @ Dec 3 2020, 03:57 PM)
They don't take RM one ma , our setting will show RM hence suspended. They don't take my cc one , correct me if I'm wrong
*
I also see I wasn't able to purchase p2p coins for those limited.


jkngo2003
post Dec 4 2020, 09:00 AM

Regular
******
Senior Member
1,075 posts

Joined: Mar 2013


QUOTE(gashout @ Dec 3 2020, 07:19 PM)
I also see I wasn't able to purchase p2p coins for those limited.
*
you want use binance, must have usdt.

usdt you can get from p2p with MYR. i think the price of usdt is cheapest coz no fee for usdt psp.

with usdt , you can buy any coin in binance
EremesGuile
post Dec 4 2020, 11:42 AM

Casual
***
Junior Member
316 posts

Joined: Sep 2015


If you are not trading, just use Luno. Easy to deposit and withdraw.
k town shit
post Dec 23 2020, 11:55 PM

Enthusiast
*****
Junior Member
757 posts

Joined: Jan 2009
QUOTE(EremesGuile @ Dec 4 2020, 10:42 AM)
If you are not trading, just use Luno. Easy to deposit and withdraw.
*
Any other App that you can recommend? I'm looking for a reliable one
EremesGuile
post Jan 4 2021, 02:59 PM

Casual
***
Junior Member
316 posts

Joined: Sep 2015


QUOTE(k town shit @ Dec 23 2020, 11:55 PM)
Any other App that you can recommend? I'm looking for a reliable one
*
The one that got registered in Malaysia.

1. Luno
2. Sinegy
3. Tokenize

https://www.sc.com.my/regulation/guidelines...asset-exchanges
k town shit
post Jan 7 2021, 07:32 PM

Enthusiast
*****
Junior Member
757 posts

Joined: Jan 2009
QUOTE(EremesGuile @ Jan 4 2021, 01:59 PM)
The one that got registered in Malaysia.

1. Luno
2. Sinegy
3. Tokenize

https://www.sc.com.my/regulation/guidelines...asset-exchanges
*
I thought there is another one (Remi****) which is quite popular among local? How come not listed here?
anon118
post Jan 15 2021, 12:02 PM

Getting Started
**
Junior Member
188 posts

Joined: Nov 2015
QUOTE(k town shit @ Jan 7 2021, 07:32 PM)
I thought there is another one (Remi****) which is quite popular among local? How come not listed here?
*
I think you mean Remitano, right? smile.gif

If you Click Here to see Malaysia Securities Commission Investor Alerts, you can see that Remitano is remarked as Operating a recognized market without authorization from the SC

But I've been using Remitano for quite a while without any issues. Maybe once there was a small delay but that was due to BTC mempool matter.
One of the websites I like to share with others is CoinGecko. Founders are young Malaysians.

This is an article on CoinGecko How to Buy BTC in Malaysia
mztang52
post Jan 15 2021, 05:15 PM

Before you quit, TRY
*******
Senior Member
2,807 posts

Joined: Jun 2015



Just want to ask, so if let's say one day I want to withdraw my money out from usdt to my bank account, how can I do so on binance?
SUSRagingBalls
post Jan 15 2021, 05:20 PM

Getting Started
**
Junior Member
282 posts

Joined: May 2019
Binance is not regulated here by bnm?
anon118
post Jan 15 2021, 06:09 PM

Getting Started
**
Junior Member
188 posts

Joined: Nov 2015
QUOTE(RagingBalls @ Jan 15 2021, 05:20 PM)
Binance is not regulated here by bnm?
*
Binance is not in Malaysia.
It's just the same like Amazon and many other online companies not in Malaysia...

So, if they're not here, they won't need BNM's approval, right? wink.gif

anon118
post Jan 15 2021, 06:11 PM

Getting Started
**
Junior Member
188 posts

Joined: Nov 2015
QUOTE(mztang52 @ Jan 15 2021, 05:15 PM)
Just want to ask, so if let's say one day I want to withdraw my money out from usdt to my bank account, how can I do so on binance?
*
In simple terms, you need to "exchange" your USDT to Ringgit Malaysia.
Imagine if you have US Dollars... You go to the bank or money changer. In essence, it is the same thing.

But for USDT, there are 2 "money changers" that I can suggest;
1) Luno
2) Remitano

I'm sure there are many other ways. You can transfer your USDT to me... tongue.gif

9 Pages  1 2 3 > » Top
 

Change to:
| Lo-Fi Version
0.0154sec    0.35    5 queries    GZIP Disabled
Time is now: 28th March 2024 - 06:13 PM