A Step-by-Step-Guide on how to buy Binance Coin (BNB)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Binance Coin (BNB) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Binance Coin (BNB) Once your deposit has been affirmed, you will now have access to your funds and you can begin purchasing and trading. To invest in Binance Coin (BNB) on Binance, you will want to go to the ”Exchange” tab and click on “Basic”. In order to discover Binance Coin (BNB), you will need to insert the short name of the asset (BNB) into the search box, which is marked in the picture. Be certain of having choosen the right grouping, we've marked this too. Click on “BNB/BTC” to go ahead.
Step 4 – Buy Binance Coin (BNB) Once you have discovered Binance Coin (BNB), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the recent price Binance Coin (BNB) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of BNB you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete amount of BNB. When you're satisfied, make a mouse click on “Buy BNB”. Your plan will be filled when a Seller trades their BNB for the price you offered.
Step 5 – Withdraw (BNB) Binance Coin Unless you're frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer time period. In order to take off your (BNB) Binance Coin, hover over the ”Funds” tab and click on “Withdraw”. (BNB) Binance Coin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BNB) Binance Coin by using the given drop-down box. Put into the quantity of (BNB) Binance Coin you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You may be requested for email/phone verification before a withdrawal.