How to Buy Coinbase Stock Tokens on Binance (with Screenshots)
Imagine you bought $1,000 worth of stock in a company in 2011. Five years later, that stock would be worth over $6,000. Now imagine you didn’t just buy $1,000 worth of any company’s stock, but $1,000 worth of the stock for a company that had just started selling a revolutionary product that would become one of the most highly valued companies in the world. This is exactly the opportunity you have right now with Coinbase stock. You can buy stock in one of the most successful companies in the world during its early stages of exponential growth. The only catch is you have to jump through a few hoops and use a crypto exchange to do so.
Buying Bitcoin or other cryptocurrencies can be a confusing process. There are a number of different exchanges to buy Bitcoin from, and many of them have different procedures. In this guide, we will walk you through how to buy Coinbase stock tokens on Binance, using screenshots, so that you will be able to buy your first Bitcoin stock tokens and join the crypto revolution!
If you don’t have a traditional trading account and want to access Coinbase shares, you can do so now on Binance. Before we look at how to buy Coinbase shares tokens, let’s first clarify what tokenized shares are.
What are Coinbase coins?
Equity tokens on Binance are commission-free digital tokens, backed 1:1 by the underlying Binance shares. The tokens are tied to the performance of stocks on the NASDAQ.
Unlike other digital assets on Binance, trading of exchange tokens on Binance takes place during traditional trading hours.
To better understand the risks, read the Binance share token trading services agreement here.
How to invest in Coinbase trading coins on Binance
If you do not already have an account, you will need to register and then complete a Know Your Customer (KYC) form.
If you already have an account, you can log in.
If exchange parts are available in your country, you should be able to select them from the top trade menu.
On the first screen, we can see the current price, the trading volume on Binance and the percentage of the price fluctuation. Press Commerce on the right to go to the next screen.
If this is the first time you are trading tokenized shares on Binance, you will be greeted with a confirmation popup.
While it is tempting to just scroll to the bottom of the page, check the box and click I understand, you should always read the service agreements in their entirety.
To trade, you need BUSD, Binance’s stable currency backed by the US dollar. If you don’t have a BUSD, you can buy it by clicking Buy Crypto, or exchange it for any other digital asset you have through the trading menu.
Once you have BUSD in your account, enter the number of chips you wish to purchase on the right-hand side and click on Buy.
You now own shares in Coinbase. Congratulations!
Should I buy symbolic shares?
We cannot give you advice on whether buying token shares rather than real shares is better for your personal situation. We hope this guide has helped you better understand the differences between the two and how to buy Coinbase tokenized shares.
To sell the shares at any time, enter the amount in the same way as for the purchase and click on Sell. If you want to buy tokenized Tesla shares on Binance, follow the same steps, only choose Tesla instead of Coinbase.
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