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 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Binance Coin (BNB) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate Binance Coin (BNB)

Once your deposit has been verified, you'll now have access to your assets and you can commence invest and trading. To invest in Binance Coin (BNB) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”.

In order to find Binance Coin (BNB), you will need to insert the cointype (BNB) into the search box, which is highlighted in the image. Make sure you have selected the correct pairing, we have marked this also. Click on “BNB/BTC” to proceed.

Step 4 – Acquisition of Binance Coin (BNB)

As soon as you have located Binance Coin (BNB), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we're making our own Limit Order.

The ”Price” field will be automatically filled with the most latest price Binance Coin (BNB) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of BNB you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole quantity of BNB.

If you're happy, click on “Buy BNB”. Your plan will be filled when a Seller sells their BNB for the price you introduced.

Step 5 – Withdraw Binance Coin (BNB)

Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extensive time frame. In order to withdraw your Binance Coin (BNB), hover over the ”Funds” tab and mouse click on “Withdraw”. Binance Coin (BNB) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance Coin (BNB) by using the given drop-down box. Enter the volumen of Binance Coin (BNB) you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

If you are glad, click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.