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How to Buy Binance GBP Stable Coin (BGBP)

A Step-by-Step-Guide on how to buy Binance GBP Stable Coin (BGBP)

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and to get your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Binance GBP Stable Coin (BGBP) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find Binance GBP Stable Coin (BGBP)

As soon as your deposit has been verified, you'll directly have access to your finances and you can start invest and trading. To buy Binance GBP Stable Coin (BGBP) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”.

In order to find Binance GBP Stable Coin (BGBP), you'll need to insert the shortname of the coin (BGBP) into the search box, which is marked in the image. Make sure you have selected the right grouping, we've marked this also. Click on “BGBP/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} Binance GBP Stable Coin (BGBP)
Step 4 – Buy Binance GBP Stable Coin (BGBP)

After you have found Binance GBP Stable Coin (BGBP), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order.

The ”Price” field will be filled with the most latest rate Binance GBP Stable Coin (BGBP) was sold for. This can be changed to your desired price. The ”Amount” field is the volumen of BGBP you want to purchase. The ”Total” field is the total price in BTC that you'll settle for the whole volumen of BGBP.

When you're satisfied, make a mouse click on “Buy BGBP”. Your order will be filled as soon as a Seller trades their BGBP for the price you offered.

Step 5 – Withdraw Binance GBP Stable Coin (BGBP)

Unless you are frequently trading, you should never keepyour crypto coins on an Exchange for an longer period of time. In order to take off your Binance GBP Stable Coin (BGBP), go to the ”Funds” tab and mouse click on “Withdraw”. Binance GBP Stable Coin (BGBP) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Binance GBP Stable Coin (BGBP) by using the given drop-down box. Put into the volumen of Binance GBP Stable Coin (BGBP) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address.

When you are happy, click “Submit”. You could be asked for phone/email verification ahead of a take off.

Congratulations! You've successfully purchased and stored Binance GBP Stable Coin (BGBP).

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you have proved your take off with Etherscan.io or Ethplorer.io and the Binance GBP Stable Coin (BGBP) is safe within your wallet, you're done.

Some other Guides on How to buy different Altcoins

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