A Step-by-Step-Guide on how to buy iBNB (IBNB)
Step 1 – Signup to Kraken You'll first need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. iBNB (IBNB) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate iBNB (IBNB) Once your deposit has been verified, you'll instantly have access to your finances and you can commence buying and trading. To buy iBNB (IBNB) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to find iBNB (IBNB), you'll need to insert the short name of the asset (IBNB) into the search-box, which is highlighted in the image. Make sure you have choosen the proper pairing, we have highlighted this too. Click on “IBNB/BTC” to continue.
Step 4 – Buy iBNB (IBNB) After you've discovered iBNB (IBNB), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are making our own Limit Order. The ”Price” field will be filled with the up-to-date rate iBNB (IBNB) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of IBNB you want to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the complete quantity of IBNB. When you're happy, click on “Buy IBNB”. Your order will be filled when a Vendor sells their IBNB for the price you submitted.
Step 5 – Withdraw iBNB (IBNB) Unless you're frequently trading, never keep your coins on an Cryptocurrency Exchange for an longer time period. In order to take off your iBNB (IBNB), hover over the tab called “Funds” and click on “Withdraw”. iBNB (IBNB) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find iBNB (IBNB) by using the given drop-down box. Enter the volumen of iBNB (IBNB) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.