A Step-by-Step-Guide on how to buy Binance Coin (BNB)
Step 1 – Join Coinbase – Get Free $10 You'll first need to purchase units of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and receive your welcome 10 Dollar.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Binance Coin (BNB) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find Binance Coin (BNB) As soon as your deposit has been verified, you'll instantly have access to your assets and you can initiate purchasing and trading. To purchase Binance Coin (BNB) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to locate Binance Coin (BNB), you'll need to put the shortname of the coin (BNB) into the search box, which is highlighted in the image. Be certain of having selected the correct pairing, we've highlighted this also. Click on “BNB/BTC” to advance.
Step 4 – Buy Binance Coin (BNB) Once 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 picture). For now we are going to create our Limit Order. The field with the “Price” tag will be filled with the most up-to-date tariff Binance Coin (BNB) was traded for. You can change this to your favoured rate. The ”Amount” field is the quantity of BNB you like to purchase. The ”Total” field is the total price in BTC that you will settle for the complete quantity of BNB. If you are glad, click on “Buy BNB”. Your plan will be filled when a Vender trades their BNB for the price you introduced.
Step 5 – Withdraw Binance Coin (BNB) Unless you're regularly trading, never keep your coins on an Crypto Trader for an extensive period of time. In order to withdraw your Binance Coin (BNB), hover over the tab called “Funds” and click on “Withdraw”. Binance Coin (BNB) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Binance Coin (BNB) by using the provided drop-down box. Enter the amount of Binance Coin (BNB) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.