A Step-by-Step-Guide on how to buy Wrapped BNB (WBNB)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive your first $10.
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Wrapped BNB (WBNB) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Wrapped BNB (WBNB) Once your deposit has been confirmed, you'll instantly have access to your finances and you can initiate invest and trading. To buy Wrapped BNB (WBNB) on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”. To locate Wrapped BNB (WBNB), you'll need to put the short name of the asset (WBNB) into the search-box, which is highlighted in the image. Make sure you have selected the proper grouping, we've highlighted this too. Click on “WBNB/BTC” to progress.
Step 4 – Acquisition of (WBNB) Wrapped BNB As soon as you've spotted (WBNB) Wrapped BNB, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to create our own Limit Order. The field with the “Price” tag will be filled with the most latest valuation (WBNB) Wrapped BNB was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of WBNB you want to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the complete quantity of WBNB. If you're satisfied, click on “Buy WBNB”. Your plan will be filled as soon as a Vendor sells their WBNB for the price you gave.
Step 5 – Withdraw Wrapped BNB (WBNB) Unless you are trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. To take off your Wrapped BNB (WBNB), go to the ”Funds” tab and click on “Withdraw”. Wrapped BNB (WBNB) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped BNB (WBNB) by using the provided drop-down box. Drop in the volumen of Wrapped BNB (WBNB) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you are glad, click “Submit”. You may be asked for email/phone verification before a withdrawal.