One of the first questions people ask when they get started in the crypto space is “How do I buy crypto or BTC with my fiat money?”
If you are new to crypto and have no idea how to go about doing it, it may seem like a daunting task. Selling a token to get another token is easy and you can do it via Huobi Global by just depositing your crypto tokens to get started with trading.
But if you are looking to purchase tokens with fiat currency, you need a legitimate and secure platform like Huobi Global to transact with so that you don’t fall prey to hacks and scams.
By logging into Huobi Global, you will see the “Buy Crypto” Tab which will enable you to purchase crypto tokens via one of the two methods that Huobi provides.
Quick Buy & Sell
The first method is via Quick Buy & Sell
With “Quick Buy & Sell” you will be able to purchase tokens using your MasterCard or VISA Card.
You will be able to pay using different currencies like USD, CNY, SGD, HKD, VND, MYR, and more.
After keying in the amount that you wish to purchase, you can select from 30 different kinds of tokens to purchase including BTC, ETH, HT, UNI, XRP, LTC and many more.
Next, it will bring you to a page where you need to confirm your purchase details for the transaction to proceed.
Once you confirmed the details are right, you will have to make payment and the tokens will be credited into your account.
This method allows you to have speed and peace of mind when purchasing tokens with your card and the crypto tokens will appear in your wallet almost instantly.
The other method is via P2P, which stands for Peer-to-Peer. This enables you to purchase crypto tokens from other users on Houbi Global. You will pay no fees for a P2P transaction, and you can choose the advertiser according to your own criteria.
To access the P2P page, you will have to log in to Huobi, click on “Buy Crypto” and select “P2P Market”
On the P2P page, you will be able to “Buy” or “Sell” Cryptocurrencies with Fiat via Bank Transfers.
Before you purchase or sell your crypto, you will need to set up a Payment Method as well as complete KYC.
Once those are set up, you will be able to start purchasing tokens using fiat currencies.
You can select sellers from the list of advertisements based on their completion rate, amount of tokens they have available, minimum and maximum they can sell, selling price and payment method.
Once you have selected a seller, their details will be displayed on the screen.
Key in the amount that you are looking to purchase and hit enter. This creates an order for the tokens and the tokens are temporarily frozen on the seller’s Huobi account while you complete the transaction.
You will be brought to a screen where you will see the bank transfer details. Once you have transferred the money over, click on “Transferred, Next”.
Once the seller confirms that the transfer has been done, Huobi will unfreeze the tokens and transfer them to you. You will receive your Crypto in your Huobi Wallet under the “Fiat” tab. The platform will automatically scan every transaction and detect suspicious transactions.
On top of that, sellers are required to complete KYC before being able to buy or sell cryptocurrencies on the platform. Certified Advertiser Verification and Facial Recognition are implemented to make your transactions even more secure. Certified Advertisers have to place a good faith deposit with Huobi in return for Certified Advertiser status, which means that they have put up a form of guarantee for their reliability.
Performing P2P trades outside of the Huobi platform may expose you to various risks, so we encourage you to only use Huobi’s trusted and secure platform.
In the event where you are stuck or unsure about certain features, our Huobi Customer Service Team is available 24/7 to assist you when you encounter any problems with our P2P platform.
New to Huobi? Register for a Huobi account and receive a ‘Welcome Bonus’ to help you start your investment journey! If you’re an existing user, check out Huobi Earn, where you can start earning interest from your idle cryptocurrencies!