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 – Transfer Your Bitcoin or Ethereum to an Exchange

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

Make sure you have chosen the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate Binance Coin (BNB)

Once your deposit has been confirmed, you'll immediately have access to your funds and you can begin buying and trading. To buy Binance Coin (BNB) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”.

To locate Binance Coin (BNB), you will need to put the shortname of the coin (BNB) into the search box, which is marked in the picture. Be certain of having choosen the correct grouping, we've marked this too. Click on “BNB/BTC” to progress.

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

Once you've spotted Binance Coin (BNB), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date valuation Binance Coin (BNB) was sold for. This can be changed to your favoured rate. The ”Amount” field is the volumen 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 quantity of BNB.

When you're satisfied, make a mouse click on “Buy BNB”. Your plan will be filled when a Vender sells their BNB for the price you gave.

Step 5 – Withdraw Binance Coin (BNB)

Unless you are regularly trading, never keep your crypto on an Crypto Trader for an extended period of time. In order to take off your Binance Coin (BNB), go to the ”Funds” tab and mouse click on “Withdraw”. Binance Coin (BNB) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are glad, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Binance Withdraw

Congratulations! You have successfully purchased and stored Binance Coin (BNB).

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the (BNB) Binance Coin is stored within your wallet, you are finished.
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