3 Ways to Buy Bitcoin on Binance
Method 1: Spot Trading (Lowest Fees)
- Deposit USDT to your Binance account
- Go to Trade → Spot
- Search for BTC/USDT
- Enter amount and click Buy BTC
Fee: 0.10% (0.08% with referral code RATE20)
Method 2: P2P Trading
- Go to Trade → P2P
- Select Buy BTC with your local currency
- Choose a verified seller
- Pay via bank transfer/mobile payment
- Receive BTC after seller confirms
Fee: Zero platform fee (price includes seller markup)
Method 3: Buy with Credit Card
- Go to Buy Crypto → Credit/Debit Card
- Enter amount in your currency
- Select BTC
- Complete payment
Fee: 1-2% (NOT recommended — too expensive)
Which Method Is Best?
| Method | Fee | Speed | Best For |
|---|---|---|---|
| Spot trading | 0.08% | Instant (if USDT deposited) | Active traders |
| P2P | ~0-1% markup | 5-30 minutes | No bank access |
| Credit card | 1-2% | Instant | Convenience (expensive) |
Pro Tips
- Always use spot trading if you already have USDT — lowest fees
- Buy USDT first via P2P, then trade for BTC on spot (cheaper than buying BTC directly on P2P)
- Use limit orders for slightly better prices
- Enable BNB fee payment for additional 25% fee discount
After Buying Bitcoin
- Short term: Keep on Binance for trading
- Long term: Transfer to a hardware wallet (Ledger, Trezor)
- Earn yield: Stake BTC on Binance Earn for passive income
2 min read
Referral safety check
Know what a referral link actually provides
Be cautious with referral codes or links that do not clearly identify their provider and benefit. SmallDrift’s official RATE20 link provides a 20% trading-fee discount, and Binance’s signup page transparently displays SmallDrift, RATE20, the discount, and the referral benefit before account creation.
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