The FASTEST Way Of Purchasing Crypto BNB, ETH, FTM, etc
The FASTEST Way Of Purchasing Crypto BNB, ETH, FTM, etc
Instead of buying Crypto the typical way through CoinBase, KuCoin, or Binance we’re going to skip all of those and get straight into the FASTEST and EASIEST way to buy Crypto
Click Here To Learn How To Setup Your Metamask If You Haven’t Already
If you open your Metamask Wallet, you will be prompted with what networks you are on
As you can see this is on the BNB network
On default when we create a metamask, it will show on the Ethereum network
So instead of buying it on CoinBase, Binance, and all of those DEXs, you can just go directly into metamask and click buy.
It will take you to two options of paying with Transak or Moonpay
In the upper right, we’re going to switch to the BNB network and click buy
I’m going to be choosing Transak but you can also continue with Moonpay
So let's go ahead with this example and go ahead with $100 USD for BNB
One thing to take note of is that there are a lot of fees in the world of crypto
Things from trading fees, gas fees, taxes, or fees for coins.
So just understand that these things are very normal in this space
But it is very important to see the fees you are paying
**DISCLAIMER**
It can be cheaper buying it straight from Binance or KuCoin/CoinBase and then transferring it to your metamask wallet
But if you wish to skip all those steps and just not wait 5 or 8 days to get verified, and buy crypto, this is the easiest and fastest way to do it
Now remember, there is a maximum amount you can buy in crypto as a beginner when you create your wallet
So it will vary depending upon how much you are wanting to buy for your first few transactions
What's cool here is you can actually buy with a credit card depending upon what card it is you are using when buying from metamask
Here is the BNB wallet address. Think of this as your crypto debit card that allows you to withdraw money from or send money.
Remember, Metamask is a way for you to store your assets and essentially carry around a digital debit card.
Here is your wallet address and you have to be careful whenever you are sending money from or to wallet addresses.
If I were to mistype a single thing in my wallet address while buying BNB, I would not be able to get that money back if it was wrong.
One thing we emphasize in the Spartans is taking complete ownership and responsibility.
The way we do this is by double-checking every single fine detail, no matter what we are doing in crypto or in life
From here I'm going to insert the email that I’m going to buy the BNB with
After you insert the email, you can insert the verification code sent to your email
With this done, you insert your personal details
KYC stands for Knowing Your Customer
This is perhaps the most time-consuming part of when it comes to sighing up for Decentralized Exchanges
Essentially filling out the details and verifying that you are who you say you are
After this, you will be prompted to fill out your address
Then the third step is your Social Security Number
Then lastly, the verification of your identity via passport, driver's license, or an identity card
Here we will be choosing a driver's license and next, we will be prompted a link to send to our computer from our mobile device
After submitting these details, we patiently wait to be verified to then be approved to buy our BNB
Now that I’ve had my identity approved after a few minutes,
Now that we’ve verified, we buy the BNB
Nearing the confirmation of our order, we will be prompted to double-check and confirm our information
Here you will be checking the wallet ID of what you will be buying from
Lastly, you will be prompted to call your bank and tell them that you are wanting to approve a purchase from BNB ( or whatever crypto you are buying from )
On the final page, all you will be seeing is a disclaimer on the volatility of crypto, and of course, you can double-check the crypto you are about to buy on https://coinmarketcap.com/currencies/bnb/
This way you can see the overview of the crypto you are about to invest in and what it is valued at before you finally click confirm
If you’ve read this far, congrats. This means you’ve successfully learned how to buy your crypto in the fastest and easiest way possible!
