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).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Binance Coin (BNB) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find Binance Coin (BNB) Once your deposit has been confirmed, you will instantly have access to your finances and you can start buying and trading. To buy Binance Coin (BNB) on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”. In order to find Binance Coin (BNB), you will need to put the short name of the asset (BNB) into the search box, which is marked in the graphic. Make sure you have choosen the correct pairing, we have marked this too. Click on “BNB/BTC” to go ahead.
Step 4 – Purchasing Binance Coin (BNB) After you have discovered Binance Coin (BNB), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest price Binance Coin (BNB) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of BNB you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole amount of BNB. When you're happy, 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're frequently trading, never keep your crypto coins on an Exchange for an extensive period of time. In order to withdraw your Binance Coin (BNB), hover over the ”Funds” tab and click on “Withdraw”. Binance Coin (BNB) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Binance Coin (BNB) by using the provided drop-down box. Put into the amount of Binance Coin (BNB) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. When you're glad, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a take off.