Skip to content Skip to footer

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 – {Send} Your {Ethereum (ETH) or Bitcoin (BTC)} to an {Exchange}

Your {Ethereum (ETH) or Bitcoin (BTC)} {will need} to be sent over to an {Exchange} now. {All exchanges have} a deposit form that is {identical}. Binance Coin (BNB) is {accessible} on Binance, so {we're going to} use that as an {example}. {Not sure} on how to send {Coinbase funds} to an {Exchange}? ({Follow} {this guide})

Make sure {you have} {selected} the {right} coin you {want} to deposit.

{BTC} must be sent to a {Bitcoin} deposit address, {Ethereum} to an {Ethereum} deposit address, {etcetera}. {In the case} {you are} {working with} a decentralized exchange, {like} Airswap or DDEX could be {different} ({Follow} {our manual}).

Step 3 – {Locate} Binance Coin (BNB)

{As soon as} your deposit has been {verified}, {you will} {now} have access to your {assets} and you can {begin} {buying} and trading. To {buy} Binance Coin (BNB) on Binance, {you will} want to {go to} the {tab which is called “Exchange”} and{ then} {click} on “Basic”.

{To} {spot} Binance Coin (BNB), {you will} need to {put} the {short name of the asset} (BNB) into the {search box}, which is {highlighted} in the {picture}. {Make sure you have} {selected} the {right} {grouping}, {we have} {marked} 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 – {Purchase} Binance Coin (BNB)

{As soon as} {you have} {discovered} Binance Coin (BNB), {you'll} be {given} a {Price Chart} (in the Center of the {picture}) and {a few} Order Books ({Leftside} of the {image}). {For now} {we're} {going to create} our{} Limit Order.

The {”Price” field} will be {automatically filled} with the{} {latest} {valuation} Binance Coin (BNB) was {sold} for. {You can change this} to your {favoured} {rate}. The {field with the “Amount” tag} is the {volumen} of BNB you {wish} to {buy}. The {”Total” field} is the {aggregated} price in {Bitcoin} that {you'll} {pay} for the {whole} {volumen} of BNB.

{If} {you are} {happy}, {make a mouse click} on “Buy BNB”. Your {plan} will be filled {when} a {Vendor} {sells} their BNB for the price you {gave}.

Step 5 – Withdraw Binance Coin (BNB)

Unless {you're}{ frequently} trading, {best advise is not to keep} {crypto} on an {Crypto Exchange} for an {extended} {time frame}. {To} {withdraw} your Binance Coin (BNB), {go to} the {”Funds” tab} and {mouse click} on “Withdraw”. Binance Coin (BNB) can be {stored securely} using a Wallet, {for instance} MyEtherWallet. (MyEtherWallet Setup Guide)

{Locate} Binance Coin (BNB) by using the {provided} drop-down box. {Drop in} the {amount} of Binance Coin (BNB) {you'd} {like} to {withdraw}. {Take into account} the {demonstrated} {minimus/fees}. Also make sure you have {filled} your {correct} withdraw address.

{If} {you're} {glad}, {make a mouse click on} “Submit”. You {may} be {requested} for {phone/email verification} {before} a {withdrawal}.

{Congrats}! {You have} successfully {bought} and {safed} Binance Coin (BNB).

That's it!

{Withdrawals} from {Cryptocurrency Exchange} can {durate} {between} 1 – 30 minutes ({rely} on {network usage}). {Once} {you have} {confirmed} your {withdrawal} {using} {Ethplorer.io or Etherscan.io} and the Binance Coin (BNB) is {stored} {within} your wallet, {you're} {done}.

Some other Guides on How to buy different Altcoins

How to Buy Decred
How to Buy Tellor
How to Buy Altcoins
/* */Generated by MPG