Kriptomenjačnica
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Početnik8 min reading

How to Buy Your First Cryptocurrency

KYC verification, deposit, buying BTC/ETH on Binance or OKX — step by step.

Before registering: what you need

  • Valid ID or passport (for KYC verification)
  • Email address and strong password (min. 12 characters)
  • Mobile phone (for 2FA)
  • Bank account or payment card for deposits

Step 1: Register on an exchange

Use our referral link for Binance or OKX — you support this site at no extra cost to you. Enter your email and password. Verify your email. Immediately enable 2FA (Google Authenticator — not SMS).

Step 2: KYC verification

KYC (Know Your Customer) is required for withdrawals and larger deposits. You'll need: front and back of your ID + a selfie. Processing takes 5-30 minutes. On Binance: Menu → Identity Verification. On OKX: Profile → Verification.

Step 3: Deposit funds

Card (Visa/Mastercard) — fastest, but 1.5-2% fee.

Bank transfer (SEPA) — slower (1-3 days), but minimal or no fee.

P2P purchase — buy directly from another user. Binance P2P and OKX P2P charge no exchange fee.

Step 4: Buy cryptocurrency

Go to "Buy Crypto" or the "Spot" market. For starters, we recommend BTC (Bitcoin) or ETH (Ethereum) — largest market caps, most liquid. Enter the amount in EUR, confirm the purchase.

Step 5: Account security

  • 2FA app (not SMS) — mandatory
  • Anti-phishing code in settings (Binance/OKX feature)
  • Withdrawal address whitelist if using an external wallet
  • Never share your account or 2FA seed with anyone

How much to invest at first?

We recommend starting with an amount whose loss wouldn't significantly affect your budget — €20-100 is plenty for learning. A DCA strategy (regular small purchases) is a better approach than a single large investment.