That's why we at Cryptonary are here to make sure that you learn the basics of buying Bitcoin on a major platform like Binance. Once you get the basics down, then be it Litecoin or Shiba Inu, you'll be able to buy any coin available on that platform. With that said, let's start by going over the entire procedure.

Here’s what you’re going learn through this guide:

• Buy Bitcoin Through Binance
• Buy Bitcoin Through Phantom Wallet
• Buy Bitcoin Through Trust Wallet

With that said, let’s start by going over the entire procedure.

Step-By-Step Guide for Buying Bitcoin

The very step in buying any kind of crypto token is knowing which exchange you're going to use.

Step 1: Select an Exchange

The main issue beginners face when buying Bitcoin is finding the right exchange. Finding a reliable and trustworthy platform is the key. To buy Bitcoin, you must register on a cryptocurrency exchange that supports Bitcoin trading. Here are some popular exchanges:

• Binance
• Coinbase
• Kraken
• Gemini
• Robinhood

Ensure the exchange supports BTC in your region and review its fees and features. For this guide on how to buy Bitcoin, we'll be using Binance.

• Go to the app store and download the Binance app on your phone.

 

 

Step 2: Login to Your Account

Once the app is installed, the next step is to log in to your account.

• We'll be using our Gmail account to log in quickly.

 

 

Note: To do any exchange or trading, you must have a verified account. To learn how to create and verify your Binance account, check out our guide on how to use Binance.

Step 3: Adding Funds to Your Account

Now that your account is ready, you need to have funds to buy Bitcoin. There are usually several options to fund your account. You can choose from the following options if you don't have any crypto assets.

• Buy with GBP: You can add funds using a bank transfer or credit/debit card.
• P2P Trading: You can buy directly from another user on the platform.

However, if you have crypto assets in your account, you can go with the:

• Deposit Crypto: You can exchange other cryptocurrencies for GBP.

Before proceeding, make sure you are aware of deposit fees and transfer times. Note: Once you've deposited GBP into your account, you'll have to convert it into USDT. It's a fairly simple process.

However, we’ll be adding USDT directly to your wallet using a credit/debit card. 

• First, you need to open the Binance app and tap on the search bar.

 

 

• Search for “Buy Crypto” and tap on it.

 

 

• Make sure that the crypto you want to buy is set to USDT.

 

 

• Enter the GBP you want to spend, select the payment method of credit/debit card, and tap on the “Buy USDT” button. 

 

 

Step 4: Buying Bitcoin (BTC)

We’re going to show you two ways by which you can buy BTC.

Through Binance

Now that your Binance account is ready, we can proceed with learning how to buy Bitcoin. The first step is to verify you have USDT in your wallet.

• Go to the "Wallet" section on the bottom corner of your phone.

 

 

• Check whether or not you have enough USDT.

 

 

Note: If you don't have enough USDT, then you'll need to use your funds to buy some.

• Now, go to the home page and search for "BTC/USDT" in the search bar.

 

 

• Tap on the "Buy" button for BTC.

 

 

• Add a minimum of 2 USDT to buy BTC and tap the "Buy BTC" button.

 

 

Through Phantom Wallet

Now, if you want to buy Bitcoin using a decentralised blockchain, you should choose a hot wallet to swap USDT for Bitcoin. To do this, you need to first install and set up a wallet on Phantom Wallet.

• Download the “Phantom Wallet” app to your mobile phone.

 

 

• Once downloaded, open the app and agree to the terms of service. After that, tap on the “Create a new wallet” button.

 

 

Note: If you already have an account, then simply tap on the “I already have a wallet” option.

• Toggle the “Face ID” switch to on and tap the “Next” button.

 

 

• Copy the recovery phrase and tap on the “OK, I saved it somewhere” button.

 

 

• A pop-up will appear on the screen. Tap on “Yes” to continue.

 

 

• Now, your account is ready. Just tap on the “Get Started” button.

 

 

Now that you set up the wallet, you need to add USDT to your Phantom Wallet. Since Bitcoin is a major coin, we can buy it through any blockchain. We’ll be using Solana because it has the lowest exchange rate.

• Go to the Binance app and tap on the “Withdraw” icon.

 

 

• Again, tap on the “Withdraw” option.

 

 

• Choose the USDT option.

 

 

• Tap on the “Send via Crypto Network” option.

 

 

• Now open your Phantom Wallet and tap on the “SOL” option. 

 

 

• Now tap on the “Receive” icon.

 

 

• Copy the address for SOL.

 

 

• Paste the previously copied SOL address of your Phantom Wallet and select the network.

 

 

• Now, select the amount of SOL you want to send and tap on the “Withdraw” button.

 

 

• Tap on the “Confirm” button.

 

 

• Complete the authentication process for both Email and the Authenticator App.

 

 

After the verification process is complete, the SOL will be transferred to your Phantom Wallet.

Now that you have SOL in your wallet, we can proceed with learning how to buy Bitcoin. As mentioned before, we’ll be swapping out SOL for BTC.

• Start by opening your Phantom Wallet again and tap on the SOL network.

 

 

• Now tap on the “Swap” icon at the bottom of your screen.

 

 

• Reverse the order if the SOL isn’t at the top.

 

 

Note: The coin you want to swap out must be at the top.

• Tap on the bottom coin and set it to BTC.

 

 

• Now, enter the amount of SOL coins you want to spend and tap on the “Review Order” button.

 

 

After making sure everything is alright, tap on the “Swap” button and the coins will be added to your wallet.

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Through Trust Wallet

Now that you know how to buy Bitcoin through Phantom Wallet, you should know that you can also buy it from the Trust Wallet. 

• Start by going to your App Store and downloading the Trust Wallet app.

 

 

• Tap on the “Get Started” button.

 

 

• Tap on the “Create a new wallet” option.

 

 

Note: If you already have a wallet, then you’ll choose the “Add existing wallet” option.

• Create a 6-digit password for your wallet.

 

 

• Tap on the “Create” button for the “Secret phrase” option.

 

 

• Tap on the “Back up manually” option to store it as a text on your phone.

 

 

Note: You can also store it on your iCloud if you’re using it on an iPhone.

• Tap on all of the checkboxes and tap on the “Continue” button.

 

 

• Copy the phrases to store them somewhere and tap on the “Continue” button.

 

 

• Now, select a few phrases in the order they were generated and tap on the “Confirm” button.

 

 

Now that your wallet is created, the next step is to add funds in the form of SOL to your account.

The procedure is identical to the Phantom Wallet. 

• Start by opening your Trust Wallet and taping on the “SOL” option. 

 

 

• Now tap on the “Receive” icon.

 

 

• Copy the address for SOL.

 

 

• After that, open the Binance app and tap on the “SOL” available in your wallet. 

 

 

• Tap on the “Withdraw” button.

 

 

• Now, tap on the “Send via Crypto Network” option.

 

 

• Paste the previously copied SOL address of your Trust Wallet and select the network.

 

 

• Now, select the amount of SOL you want to send and tap on the “Withdraw” button.

 

 

• Tap on the “Confirm” button.

 

 

• Complete the authentication process for both Email and the Authenticator App.

 

 

After the verification process is complete, the SOL will be transferred to your Trust Wallet.

Now that you have funds in your Trust Wallet, the next step is to swap the SOL for BTC.

• Start by opening your Trust Wallet app and tap on SOL. 

 

 

• Tap on the “Swap” icon.

 

 

• Now, tap on the bottom coin to change it to Bitcoin.

 

 

• Search for “Bitcoin” on the search bar and tap on it.

 

 

Note: Make sure that the BTC you have selected is on the Solana blockchain. This can be identified by a small symbol of the Solana network with Bitcoin.

• Set the amount you want to spend for Bitcoin and tap on the “Continue” button.

 

 

• Review the order and tap on the “Confirm” button.

 

 

After following all of the steps, you’ll notice BTC will be added to your home page.

Conclusion

If you manage to follow the entire procedure correctly, you'll see that Bitcoin is now available in your wallet. To keep your BTC secure further, use a hot wallet like Argent Wallet. One thing that you should always keep in mind is to do your research before buying any kind of coin.

Even in the case of BTC, you should stay up-to-date with the market to maximise your profit. That's why if you need any kind of guidance, Cryptonary is here to help. No matter if it's a guide on the safest ways to buy crypto or recent market updates, we'll make sure to provide you with the most accurate information.