Best Way To Buy BENQI (QI) On Binance
About BENQI finance (QI) token
BENQI is a liquidity market that operates on the Avalanche network. BENQI is a groundbreaking protocol that allows users to lend and borrow tokens, participate in network governance while also being able to earn yield. The platform has already been launched on Avalanche with more exciting features coming soon! BENQI is a protocol to unlock greater liquidity within the DeFi market. QI enables users of this cryptocurrency token, which can be used for trading on exchanges or held as an investment asset, to make their assets work harder by generating additional yield – all while sitting at the heart of decentralized finance.
The BENQU network has so far raised nearly $10 million dollars USD from 4 rounds of token sales, where 5.93%, 12.07%, 6.10%, and 0.90% of the QI total token supply has sold at $0.0030, $0.0055, $0.0075 and $0.0090 USD / QI.
The long-term goal for BENQI is to bridge the gap between Decentralized Finance and traditional finances by utilizing its DeFi products to the Avalanche subnet which will offer enhanced innovations such as regulatory compliance.
Price of BENQI
The Total & Max Supply of BENQI coin is 7,200,000,000 QI. There is currently 325,692,000 QI coin supply in circulation.
How To Buy BENQI (QI) on Binance
There are multiple exchanges where you can buy BENQI tokens but we suggest Binance since it has the quickest transaction times and the most trading pairs on the market.
Step 1: Sign Up With Binance.
You will need a Binance account that has been verified and validated to be able to buy, sell, and swap BENQI on the BNB exchange.
Step 2: Deposite Fiat or Other Crypto Into Binance Wallet.
The best way to start buying and trading BENQI on Binance is to connect a bank account to do an ACH transfer which is the quickest and has the least fees. Second, connecting a debit card which is great for quick deposits of smaller amounts. Lastly, you can do a domestic wire transfer which is the best for larger amounts of cash but also comes with wire fees.
Tether (USDT) is a token that was created to always be equal to $1 USD which will ensure that the money you put into Binance will stay stable and not fluctuate drastically like most other cryptocurrencies.
Step 4: Buy BENQI (QI).
Now that you have your fiat converted to Tether (USDT) you can buy almost any crypto pairs that are available on the Binance market, including QI token.
With USDT in your Binance account, you can now click Trade, then Markets, in the navigation menu then search the Binance market for BENQI (Make sure USDT is selected in the options). The second way is to go to your wallet, click the “Buy Crypto” button (Yellow button with the arrows), click where Bittoken is selected then search and select BENQI. Lastly, you can select “Buy Crypto” from the navigation menu and click where Bittoken is selected then search and select BENQI and buy.
NOTE: If you aren’t able to find BENQI when you search for it, make sure you are using your USDT as a trading pair.
Buy BENQI on Binance Using Mobile App:
With USDT in your Binance account open the mobile app, select the market tab on the bottom (the icon with 4 lines), then select the USDT tab on top, then search for BENQI using the search function on the top right. The second way to buy on the mobile app is by selecting the wallet tab (Middle button on the bottom that looks like a wallet), selecting the yellow “Buy / Sell” button, select “Buy Crypto”, then search for QI using the search function on the top right.
If you plan on saving your BENQI token for a long period of time (More than a few months) then it is smart to store it in a wallet off of Binance such as Ledger, Tresor, or Exodus.
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