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How to Buy Binance Coin (BNB)

A Step-by-Step-Guide on how to buy Binance Coin (BNB)

Step 1 – Signup to CEX.io

You will first need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and getting your Bitcoin (BTC) or Ethereum (ETH).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Binance Coin (BNB) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you have selected the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Locate Binance Coin (BNB)

Once your deposit has been verified, you will immediately have access to your funds and you can begin buying and trading. To purchase Binance Coin (BNB) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”.

In order to discover Binance Coin (BNB), you will need to insert the short name of the asset (BNB) into the search-box, which is highlighted in the picture. Be certain of having selected the proper pairing, we have highlighted this also. Click on “BNB/BTC” to proceed.

{How to buy Coin on Binance 1|Binance How To Buy 1} Binance Coin (BNB)
Step 4 – Purchasing Binance Coin (BNB)

After you've discovered Binance Coin (BNB), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to create our own Limit Order.

The ”Price” field will be filled automatically with the most recent valuation Binance Coin (BNB) was sold for. You can change this to your preferred price. The ”Amount” field is the volumen of BNB you like to buy. The ”Total” field is the total price in BTC that you will settle for the whole amount of BNB.

When you're happy, make a mouse click on “Buy BNB”. Your order will be filled when a Seller trades their BNB for the price you gave.

Step 5 – Withdraw Binance Coin (BNB)

Unless you're regularly trading, you should never keepyour coins on an Crypto Exchange for an extended time period. To withdraw your Binance Coin (BNB), hover over the ”Funds” tab and click on “Withdraw”. Binance Coin (BNB) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance Coin (BNB) by using the provided drop-down box. Put into the quantity of Binance Coin (BNB) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you are happy, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

Congrats! You've successfully bought and stored Binance Coin (BNB).

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the Binance Coin (BNB) is safe within your wallet, you are finished.

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