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In the world of digital currency, USDT (Tether) is an essential stablecoin that is pegged to the US dollar at a 1:1 ratio, providing investors with a hedging tool. This article will guide you on how to easily purchase USDT on Binance using Alipay, WeChat, or a bank card.
1. Binance Account Registration and Identity Verification#
First, you need to register an account on the Binance official website. Click the "Register" button in the upper right corner, fill in your email or phone number, set a strong password, and then complete the email or phone verification.
1.1 Identity Verification#
To conduct transactions, you need to complete the identity verification process. Typically, this requires providing photos of the front and back of your ID card or passport, as well as a selfie holding the document. Binance offers multiple levels of verification, so choose the appropriate level based on your needs.
2. Prepare Payment Methods#
When buying USDT on Binance, you can choose Alipay, WeChat, or a bank card. However, please note that due to policy restrictions, using Alipay and WeChat directly may be limited and usually requires completion through an Over-the-Counter (OTC) platform.
2.1 Over-the-Counter (OTC) Market#
- Binance OTC: Binance has an integrated OTC market where you can find sellers and conduct transactions using Alipay, WeChat, or a bank card.
- Third-party OTC platforms: Platforms such as LocalBitcoins, Paxful, etc., allow users to trade freely, but additional transaction fees and verification steps may be required.
3. Buying USDT with Alipay#
In the Binance OTC market, search for "USDT" and choose a reputable seller. Check their transaction records and ratings. Follow the seller's instructions to complete the payment using Alipay, then confirm the payment on the platform, and the seller will send the USDT to your Binance account.
4. Buying USDT with WeChat#
Similar to the Alipay purchasing process, find a seller that supports WeChat payment and follow the instructions to complete the transaction. Once the payment is confirmed, the USDT will be credited to your account.
5. Buying USDT with Bank Card#
- Binance Quick Deposit: Binance supports quick deposits, allowing you to directly deposit fiat currency using a bank card and then purchase USDT in the fiat trading zone.
- Bank Transfer: On the OTC platform, choose the bank transfer method and follow the seller's provided bank account information to complete the transfer. Notify the seller after completion.
6. USDT Purchase Process#
6.1 Fiat Trading Zone#
- Log in to Binance and go to the "Fiat Trading" zone.
- Select the "USDT" trading pair and enter the purchase amount or quantity.
- Confirm the price and fees, click the "Buy" button, and complete the transaction.
6.2 OTC Trading#
- In the OTC market, choose a suitable USDT trading advertisement.
- Negotiate the price and payment method with the seller. Once the payment is completed, the USDT will be automatically transferred to your Binance account.
7. Security Tips#
- Keep your account secure: Enable 2FA and avoid operating in public network environments.
- Exercise caution in transactions: Verify the seller's reputation and avoid fraud.
- Compliance with laws and regulations: Ensure that your trading activities comply with local laws and regulations.
Conclusion#
Buying USDT is not complicated, the key lies in choosing the right payment method and platform. At Binance, you can enjoy a convenient trading experience. Now that you have mastered the skills of purchasing USDT, we wish you smooth sailing in the ocean of digital currency.
Note: The information in this article is for reference only. Cryptocurrency investment carries risks, so please exercise caution when entering the market.