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 BTC (Bitcoin) or ETH (Ethereum) 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 alike. Binance Coin (BNB) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you've selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Find {Binance Coin (BNB)|(BNB) Binance Coin}

Once your deposit has been verified, you'll instantly have access to your finances and you can initiate buying and trading. To buy {Binance Coin (BNB)|(BNB) Binance Coin} on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”.

To spot {Binance Coin (BNB)|(BNB) Binance Coin}, you'll need to put the short name of the asset (BNB) into the search-box, which is marked in the picture. Make sure you have selected the proper pairing, we've marked this also. Click on “BNB/BTC” to continue.

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

As soon as you've discovered {Binance Coin (BNB)|(BNB) Binance Coin}, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to create our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation {Binance Coin (BNB)|(BNB) Binance Coin} was traded for. This can be changed to your preferred rate. The ”Amount” field is the volumen of BNB you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you will pay for the complete 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 submitted.

Step 5 – Withdraw {Binance Coin (BNB)|(BNB) Binance Coin}

Unless you're trading, best advise is not to keep your coins on an Crypto Trader for an longer period of time. In order to take off your {Binance Coin (BNB)|(BNB) Binance Coin}, go to the ”Funds” tab and click on “Withdraw”. {Binance Coin (BNB)|(BNB) Binance Coin} can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Binance Coin (BNB)|(BNB) Binance Coin} by using the provided drop-down box. Enter the amount of {Binance Coin (BNB)|(BNB) Binance Coin} you would like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.

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

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the {Binance Coin (BNB)|(BNB) Binance Coin} is stored inside your wallet, you are finished.

Some other Guides on How to buy different Altcoins

How to Buy Hatch
How to Buy Triffic
How to Buy Altcoins
Generated by MPG