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 Funds to an Crypto Trader

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

Make sure you've chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find Binance Coin (BNB)

Once your deposit has been approved, you'll directly have access to your funds and you can commence purchasing and trading. To invest in Binance Coin (BNB) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To discover Binance Coin (BNB), you will need to put the cointype (BNB) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have marked this also. Click on “BNB/BTC” to advance.

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

After you've discovered Binance Coin (BNB), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are going to create our own Limit Order.

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

If you are happy, make a mouse click on “Buy BNB”. Your plan will be filled as soon as a Vender sells their BNB for the price you offered.

Step 5 – Withdraw Binance Coin (BNB)

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader 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 stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance Coin (BNB) by using the given drop-down box. Enter the quantity of Binance Coin (BNB) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address.

When you're glad, click on “Submit”. You could be asked for email/phone verification ahead of a take off.

Binance Withdraw

Congrats! You've successfully bought and safed Binance Coin (BNB).

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (BNB) Binance Coin is safe inside your wallet, you are finished.

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