How to Buy and Sell Crypto (Altcoins) on the Binance Mobile App (Easy Beginner Tutorial)

How to Buy and Sell Crypto (Altcoins) on the Binance Mobile App (Easy Beginner Tutorial)

What Is Binance and Why Do Beginners Use It?

Binance is one of the largest cryptocurrency exchanges in the world, allowing users to buy, sell, and trade digital assets such as Bitcoin, Ethereum, and thousands of altcoins. It is widely used because of its low fees, high liquidity, and beginner-friendly mobile application.

For new users, the Binance mobile app provides a simple way to enter the crypto market without needing advanced technical knowledge. In this article, you will learn which steps to follow when buying and selling altcoins (cryptocurrencies) on Binance Global, how to use the Binance mobile app, and many other insights and step-by-step explanations in a simple and clear way.

I have also created a video designed especially for beginners—people who are just starting their journey in the crypto world—so you can easily understand everything.

Now, let’s move on to the article.

What Is the Binance Referral Code?

A Binance referral code is an invitation code that provides new users with trading fee discounts and bonus rewards when opening an account.

Best Binance Referral Code: JL3MPH7U

Using a referral code at signup gives long-term advantages, especially for users who plan to trade regularly.

Binance Referral Code Comparison Table

Feature	Register With Referral Code (JL3MPH7U)	Register Without Referral Code
Spot Trading Fee Discount	Up to 20 percent	No discount
Futures Trading Discount	Up to 10 percent	No discount
Welcome Bonus	Up to 600 USD	Not available
Trading Vouchers	Available	Not available
Cashback Rewards	Yes	No
Long-Term Trading Cost	Lower	Higher

If you create an account without a referral code, these benefits cannot be added later.

Step 1: Create a Binance Account on Mobile (Video)

https://www.youtube.com/watch?v=wjZEWoVT0TA

To begin, download the Binance mobile app and create your account.

Registration link: https://www.binance.com/register?ref=JL3MPH7U

Register the Binance

My goal is to provide 100% working, secure referral codes and expert insights into the crypto industry. Using these codes grants you lifetime commission discounts/rebates and directly supports my work. Disclosure: Links on this site may be affiliate links, such as our Binance partner code (JL3MPH7U). Using them to sign up supports our independent research at no extra cost to you, and often provides you with exclusive lifetime discounts. Risk Warning: Crypto trading involves significant risk. This is not investment advice. (DYOR) Verified by: Official Binance Affiliate Emre Ata

Steps:

1. Open the Binance app and tap Sign Up

2. Enter your email or phone number

3. Create a strong password

4. Confirm that the referral code JL3MPH7U is applied

5. Complete the verification process

Your account will be ready for setup after registration.

Step 2: Complete Identity Verification (KYC)

KYC verification is required to unlock full account features.

Required documents:

• Passport, ID card, or driver’s license

• Face verification

Steps:

1. Go to Profile and select Identification

2. Upload your document

3. Complete facial verification

4. Wait for approval

Verification usually takes only a few minutes. After approval, you can access higher limits and bonuses.

Step 3: Enable Account Security (2FA)

Protecting your account is essential when trading crypto.

Recommended settings:

• Google Authenticator

• SMS verification

• Anti-phishing code

Steps:

1. Go to Security Settings

2. Enable two-factor authentication

3. Save backup codes

This ensures your account remains secure.

Step 4: Deposit Funds into Binance

Before buying altcoins, you need to deposit funds.

Available methods:

Bank TransferLower fees but slower processing time.

Credit or Debit CardInstant but slightly higher fees.

Crypto DepositTransfer crypto from another wallet.

Steps:

1. Go to Wallet and tap Deposit

2. Choose your currency

3. Follow the instructions

Step 5: How to Buy Altcoins on Binance Mobile

There are two main ways to buy crypto.

Method 1: Instant Buy

1. Tap Buy Crypto

2. Select the coin

3. Enter the amount

4. Confirm purchase

This method is simple and suitable for beginners.

Method 2: Spot Trading

1. Go to Markets

2. Search for a trading pair such as ETH/USDT

3. Tap Buy

4. Choose order type

   • Market order for instant execution

   • Limit order to set your price

5. Enter the amount

6. Confirm the trade

Spot trading gives more control over pricing.

Step 6: How to Sell Altcoins on Binance

Selling follows the same process as buying.

Steps:

1. Go to Wallet and open Spot

2. Select your crypto asset

3. Tap Sell

4. Choose Market or Limit order

5. Confirm the transaction

Funds will be converted into your selected currency.

Binance Trading Fees Explained

Understanding fees is important for long-term profitability.

Standard Fees

Fee Type	Cost
Spot Trading	Around 0.10 percent
Futures Trading	Around 0.02 to 0.04 percent
Deposit	Usually free
Withdrawal	Varies by asset

How to Reduce Fees

You can lower your trading costs by:

• Using referral code JL3MPH7U

• Holding Binance Coin (BNB)

• Increasing trading volume

Fee Comparison Example

Scenario	Estimated Fee
No Referral Code	0.10 percent
With Referral Code	Lower
With Referral + BNB	Even lower

Over time, reduced fees can significantly impact your total profit.

Binance Welcome Bonus (Up to 600 USD)

New users can receive rewards by completing simple tasks.

Typical tasks:

• First deposit

• First trade

• Futures activity

Rewards may include:

• Trading vouchers

• Cashback

• Fee rebates

Visit the Rewards Center in your account to claim bonuses.

Beginner Tips

• Start with small amounts

• Use market orders for simplicity

• Learn basic trading concepts

• Always enable security features

• Track your trading fees

Common Mistakes to Avoid

• Not using a referral code

• Skipping identity verification

• Ignoring security settings

• Trading without research

• Investing more than you can afford to lose

Is Binance Safe?

Binance is considered one of the most secure exchanges globally.

Security features include:

• Cold storage systems

• Two-factor authentication

• Anti-phishing protection

• Insurance fund for user protection

Binance App (FAQ)

What is the best Binance referral code? The referral code JL3MPH7U provides trading discounts and bonus opportunities.

Can I add a referral code later? No, it must be added during registration.

What is the minimum amount to start? You can start with a small amount depending on your payment method.

Is Binance suitable for beginners? Yes, the mobile app is designed to be user-friendly.

Editor's Note

Thank you for reading my article. If you found it helpful, feel free to share it with your friends and people around you. These guide articles are created to help beginners who are just stepping into the world of crypto, and they are all based on real human effort.

As a final note, here are some important recommendations for using the Binance mobile application. First of all, it’s worth mentioning that the Binance mobile app is one of the most powerful trading applications on the planet. Even when millions of users are trading at the same time, it continues to operate smoothly like a well-functioning system. However, when making important buy or sell transactions, always make sure your internet connection is stable. Having a strong connection will be your biggest advantage when trading on your phone.

In addition, make sure to complete all your account verifications. Enable 2FA (Two-Factor Authentication), complete your KYC (Know Your Customer) verification, and regularly update the Binance app on your Android or iOS device. Do not miss important updates, as they often include security and performance improvements.

See you in another article. Goodbye.

Author: Emre Ata Emre Ata – 11 Years Affiliate Marketing Expert & Verified Partner for Binance and many other major exchanges for over 7 years. Providing verified crypto referral codes since 2019.