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.

Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency 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 identical. Binance GBP Stable Coin (BGBP) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've selected the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find Binance GBP Stable Coin (BGBP)

As soon as your deposit has been confirmed, you will instantly have access to your assets and you can commence invest and trading. To purchase Binance GBP Stable Coin (BGBP) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”.

In order to find Binance GBP Stable Coin (BGBP), you'll need to insert the cointype (BGBP) into the search box, which is marked in the image. Make sure you have selected the correct grouping, we've marked this also. Click on “BGBP/BTC” to advance.

Step 4 – Buy Binance GBP Stable Coin (BGBP)

Once you've located Binance GBP Stable Coin (BGBP), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent rate Binance GBP Stable Coin (BGBP) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of BGBP you want to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete amount of BGBP.

If you're happy, make a mouse click on “Buy BGBP”. Your order will be filled when a Vender sells their BGBP for the price you submitted.

Step 5 – Withdraw Binance GBP Stable Coin (BGBP)

Unless you are frequently trading, you should never keepyour crypto on an Crypto Trader for an extended period of time. To withdraw your Binance GBP Stable Coin (BGBP), hover over the tab called “Funds” and mouse click on “Withdraw”. Binance GBP Stable Coin (BGBP) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance GBP Stable Coin (BGBP) by using the provided drop-down box. Drop in the amount of Binance GBP Stable Coin (BGBP) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

When you are glad, click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.