How to Buy Binance GBP Stable Coin (BGBP)

A Step-by-Step-Guide on how to buy Binance GBP Stable Coin (BGBP)

Step 1 – Signup to Kraken

You'll first need to buy one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and receive Funds.

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Binance GBP Stable Coin (BGBP) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

Make sure you have selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate Binance GBP Stable Coin (BGBP)

Once your deposit has been confirmed, you will directly have access to your assets and you can commence purchasing and trading. To buy Binance GBP Stable Coin (BGBP) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to spot Binance GBP Stable Coin (BGBP), you will need to insert the cointype (BGBP) into the search box, which is highlighted in the image. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “BGBP/BTC” to proceed.

Binance Hot To Buy Binance GBP Stable Coin (BGBP)
Binance How to Buy (BGBP) Binance GBP Stable Coin
Step 4 – Buy Binance GBP Stable Coin (BGBP)

As soon as you have spotted Binance GBP Stable Coin (BGBP), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date rate Binance GBP Stable Coin (BGBP) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of BGBP you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole volumen of BGBP.

When you're glad, click on “Buy BGBP”. Your order will be filled when a Vendor trades their BGBP for the price you offered.

Step 5 – Withdraw Binance GBP Stable Coin (BGBP)

Unless you are regularly trading, best advise is not to keep coins on an Exchange for an longer time period. To take off your Binance GBP Stable Coin (BGBP), hover over the tab called “Funds” and mouse click on “Withdraw”. Binance GBP Stable Coin (BGBP) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance GBP Stable Coin (BGBP) by using the provided drop-down box. Enter the quantity of Binance GBP Stable Coin (BGBP) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a take off.

Binance Withdraw

Congratulations! You've successfully purchased and safed Binance GBP Stable Coin (BGBP).

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on network usage). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the (BGBP) Binance GBP Stable Coin is stored in your wallet, you are finished.

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