After making my complementary post on how to buy Solana(SOL),i discovered how important and necessary to actually put up guides for investors looking to aquire potential cryptocurrencies with different ways to make purchase of them. Yes some of this cryptocurrencies have potential growth in the nearest future. Cryptocurrencies other than Btc(Bitcoin), like Atom(COSMOS) and Ada(Cardano), JasmyCoin(JASMY) on the other hand is a low valued token at the moment with very high potential for growth in the nearest future. Although a lot of investors don’t know how or where to buy JasmyCoin(JASMY). Well no worries! Cause this article is meant to guide you through the process of purchasing JasmyCoin(JASMY) on Binance Exchange.
Binance Exchange offers many options where you can easily buy several cryptocurrencies other than Btc(Bitcoin). Like Atom(COSMOS) and Ada(Cardano), including JasmyCoin(JASMY) which this article will be focused on, with fees that worry you not, plus high level of security for your assets. For the sake of simplicity and security we will be emphasizing mainly on Binance and maybe Coinbase afterwards. I love Coinbase and use Binance more often, now Bybit due to the laws Nigeria seems to be adopting, as detailed on AdiTech’s insight on CBN’s policies on cryptocurrency trading in Nigeria.
List of Payment Metbods Binance supports:
Debit Card
Credit Card
Peer to Peer(P2p)
Purchasing JasmyCoin(JASMY) on Binance involves these several detailed steps.
As we know, Binance being a centralized exchange that it is, Binance gives you access to buy several cryptocurrencies including JasmyCoin(JASMY). But as we said before you can only use the Binance exchange platform, after you have must registered and completed your identification and verification process as required by the Government of every country.
Step 1. Registration
Register on the the Binance Exchange website using your email or mobile number.
Step 2. Identification/Verification
Complete the registration, identification and verification process on the Binance exchange as mandated by the government regulations of your country. The identification and verification process might involve submitting identification documents,such as a passport or driver’s license. It might also include providing proof of address and undergoing a facial recognition check. The exact requirements can vary depending on your country’s specific regulations . This process ensures compliance with international laws and enhances the security of your account.
Step 3. Payment Method Selection
Choose a payment method that suits you best in making your purchase of JasmyCoin(Jasmy):
Click the “Buy Crypto” link on the Binance homepage or app to see options for buying JasmyCoin(Jasmy) and any other cryptocurrencies in your country. For better accessibility, consider buying a stablecoin like USDT or BUSD first, then use it to buy JasmyCoin(Jasmy).
Method 1: Purchasing JasmyCoin(Jasmy) with a Credit or Debit Card:
As a new user, this is the easiest option on Binance, which supports both Visa and MasterCard. Follow these steps to purchase JasmyCoin(Jasmy). using a credit or debit card on Binance:
- Navigate to the “Buy Crypto” section on the home top menu.
- Select “Credit/Debit Card”
- Add your Visa or MasterCard information to Binance payment system.
- Once your card is added, choose the amount of fiat currency (e.g., USD, NGN,EUR) you wish to spend.
- In the “Buy” field, select JasmyCoin(Jasmy) from the list of cryptocurrencies.you might see something like(Jasmy/USDT), that is what you will need to buy and then move to
- Enter the amount of JasmyCoin(Jasmy) you want to purchase or the amount of fiat currency (e.g., USD, NGN,EUR)you wish to spend.
- Review the transaction details, including fees and the amount of JasmyCoin(Jasmy) you will receive.
Confirm your Purchase:
- After reviewing the details, confirm the purchase.
- Binance will process the transaction, and your JasmyCoin(Jasmy) will be credited to your Binance wallet.
Secure Your Investment:
- Always be aware there are hackers always phishing actively and sending attacks with the intent to steal your account which can be done through your email. Advice from AdiTech_Ng is make sure your email password is only known by yourself and written down somewhere for your next of kin.
Following these steps one after the other will allow you purchase most of the potential cryptocurrencies we talked about in the beginning cryptocurrencies like Btc(Bitcoin), Atom(COSMOS), Ada(Cardano) as well as our article focus JasmyCoin(Jasmy) on Binance using your Visa or MasterCard. If you need any assistance, go to the comment section below.
Method 2. Bank Deposit/Transfer(Swift):
This is a process of transferring fiat currency from your bank account to Binance, and using the amount to buy JasmyCoin(Jasmy). The process is done in USD via SWIFT.
Follow these steps to Deposit USD via SWIFT
1. Log In: After Logging in to your Binance account.
2. Navigate to Wallet: Go to > “Fiat and Spot”.
3. Select Buy: Click on “Buy” and choose “Fiat”.
4. Choose Currency: Select “USD” as the currency and choose “Bank Transfer (SWIFT)” as the payment method.
5. Get Bank Details: Binance will provide you with the bank details you need to transfer the funds. Note the account information will have to be in Binance name with reference to the name on your Binance account. Make sure to also include the reference code Binance provides in the transfer details.
6. Initiate Bank Transfer: Go to your bank and initiate a SWIFT transfer to the provided Binance bank account details. Include the reference code in the transfer details to ensure Binance can attribute the deposit to your account.
7. Confirm Transfer: It may take few hours or days for the transfer to be processed. Once completed, the USD amount will appear in your Binance fiat wallet as USD. You may need to go further to buy JasmyCoin(JASMY) with the USD amount in your fiat account.
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8. The Markets Page: Navigate to the “Markets” page from the top menu.
9. Search for JASMY: In the search bar, type “JASMY” to find the trading pairs available.
10. Select Trading Pair: Choose a trading pair such as “JASMY/USDT” if your USD was converted to USDT, or “JASMY/BUSD” if your USD was converted to BUSD.
11. Place a Buy Order: JASMY/USDT or JASMY/BUSD.
12. Go to Trade Page: Click on the trading pair JASMY/USDT or JASMY/BUSD to go to the trade page.
13. Select Order Type: Choose the type of order (market order for immediate purchase at the current market price or limit order to set a specific price).
14. Enter Amount: Enter the amount of JASMY you want to buy.
15. Confirm Purchase: Click “Buy JASMY” to execute the trade. Shown below.
Last step: Store Your JasmyCoin(Jasmy).
Check Balance: Go to your “Fiat and Spot” wallet to check that the JasmyCoin(Jasmy) has been credited to your account.
Store or use your JasmyCoin in Binance : Now that you have successfully bought your crypto, you can store it in your personal crypto wallet or simply hold it in your Binance wallet. You can also trade for other crypto or stake it on Binance Earn for passive income. Hit the comment section if you have any questions as always don’t forget to check our disclaimer.