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).

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Binance Coin (BNB) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find Binance Coin (BNB)

As soon as your deposit has been confirmed, you'll now have access to your assets and you can begin buying and trading. To buy Binance Coin (BNB) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To spot Binance Coin (BNB), you'll need to put the short name of the asset (BNB) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we've marked this too. Click on “BNB/BTC” to advance.

Step 4 – Purchase Binance Coin (BNB)

After you have spotted Binance Coin (BNB), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent price Binance Coin (BNB) was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of BNB you want to buy. The ”Total” field is the whole price in BTC that you will settle for the whole quantity of BNB.

If you are satisfied, click on “Buy BNB”. Your order will be filled when a Seller trades their BNB for the price you offered.

Step 5 – Withdraw Binance Coin (BNB)

Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your Binance Coin (BNB), go to the tab called “Funds” and mouse click on “Withdraw”. Binance Coin (BNB) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance Coin (BNB) by using the provided drop-down box. Drop in the amount of Binance Coin (BNB) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

If you're happy, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.