How to Buy Binance Coin (BNB)

A Step-by-Step-Guide on how to buy Binance Coin (BNB)

Step 1 – Join Kraken

You will first need to buy units of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and receive ETH (Ethereum) or BTC (Bitcoin).

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

Your {Bitcoin or Ethereum} {has} to be sent over to an {Crypto Exchange} now. {All exchanges have} a deposit form that is {similar}. Binance Coin (BNB) is {available} on Binance, so {we will} use that as an {sample}. {Unsure} on how to send {Coinbase funds} to an {Crypto Exchange}? ({Just follow} {this guide})

Make sure {you've} {selected} the {exact} coin you {want} to deposit.

{BTC} must be sent to a {Bitcoin} deposit address, {Ethereum} to an {Ethereum} deposit address, {and so on}. {In the case} {you're} {dealing with} a decentralized exchange, {like} Airswap or DDEX could be {different} ({Just follow} {our how-to}).

Step 3 – {Find} Binance Coin (BNB)

{Once} your deposit has been {approved}, {you will} {instantly} have access to your {funds} and you can {initiate} {invest} and trading. To {buy} Binance Coin (BNB) on Binance, {you will} want to {go to} the {tab which is called “Exchange”} and{} {click} on “Basic”.

{To} {spot} Binance Coin (BNB), {you will} need to {insert} the {shortname of the coin} (BNB) into the {search box}, which is {highlighted} in the {picture}. {Be certain of having} {selected} the {correct} {pairing}, {we've} {highlighted} this {also}. Click on “BNB/BTC” to {proceed}.

Binance Hot To Buy Binance Coin (BNB)
Binance How to Buy (BNB) Binance Coin
Step 4 – {Purchasing} Binance Coin (BNB)

{After} {you've} {discovered} Binance Coin (BNB), {you will} be {given} a {Price Chart} (in the Center of the {image}) and {a few} Order Books ({on the Left} of the {picture}). {Next} {we are} {going to create} our{} Limit Order.

The {”Price” field} will be {automatically filled} with the{ most} {up-to-date} {tariff} Binance Coin (BNB) was {traded} for. {You can change this} to your {preferred} {rate}. The {”Amount” field} is the {amount} of BNB you {like} to {buy}. The {field with the “Total” tag} is the {whole} price in {Bitcoin} that {you'll} {pay} for the {complete} {amount} of BNB.

{When} {you're} {happy}, {make a mouse click} on “Buy BNB”. Your {order} will be filled {when} a {Vendor} {trades} their BNB for the price you {offered}.

Step 5 – Withdraw Binance Coin (BNB)

Unless {you are}{ frequently} trading, {best advise is not to keep} {crypto} on an {Crypto Exchange} for an {longer} {time frame}. {In order to} {take off} your Binance Coin (BNB), {hover over} the {”Funds” tab} and {mouse click} on “Withdraw”. Binance Coin (BNB) can be {safely stored} using a Wallet, {for instance} MyEtherWallet. (MyEtherWallet Setup Guide)

{Find} Binance Coin (BNB) by using the {provided} drop-down box. {Enter} the {quantity} of Binance Coin (BNB) {you'd} {wish} to {withdraw}. {Take into account} the {shown} {fees/minimums}. Also make sure you have {entered} your {correct} withdraw address.

{When} {you are} {happy}, {make a mouse click on} “Submit”. You {may} be {asked} for {phone/email verification} {before} a {take off}.

Binance Withdraw

{Kudos}! {You have} successfully {purchased} and {safed} Binance Coin (BNB).

That's it!

{Withdrawals} from {Crypto Trader} can {durate} {anywhere from} 1 – 30 minutes ({rely} on {network usage}). {Once} {you've} {confirmed} your {take off} {using} {Etherscan.io or Ethplorer.io} and the (BNB) Binance Coin is {stored} {inside} your wallet, {you are} {done}.

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