A Step-by-Step-Guide on how to buy sBNB (SBNB)
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and receive ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. sBNB (SBNB) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate sBNB (SBNB) As soon as your deposit has been approved, you will immediately have access to your assets and you can launch buying and trading. To purchase sBNB (SBNB) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. To spot sBNB (SBNB), you will need to put the shortname of the coin (SBNB) into the search-box, which is marked in the graphic. Be certain of having choosen the proper pairing, we've marked this too. Click on “SBNB/BTC” to continue.
Step 4 – Buy sBNB (SBNB) As soon as you have spotted sBNB (SBNB), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are creating our own Limit Order. The ”Price” field will be filled with the most latest price sBNB (SBNB) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of SBNB you wish to purchase. The ”Total” field is the total price in Bitcoin that you will pay for the whole volumen of SBNB. If you're glad, click on “Buy SBNB”. Your plan will be filled as soon as a Seller sells their SBNB for the price you gave.
Step 5 – Withdraw sBNB (SBNB) Unless you are frequently trading, you should never keepyour coins on an Exchange for an extensive time period. To take off your sBNB (SBNB), go to the ”Funds” tab and mouse click on “Withdraw”. sBNB (SBNB) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find sBNB (SBNB) by using the given drop-down box. Put into the quantity of sBNB (SBNB) you'd like to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you are happy, click “Submit”. You may be requested for verfication via email/phone ahead of a take off.