A Step-by-Step-Guide on how to buy Binance Coin (BNB)
Step 1 – Join CEX.io You'll first need to purchase units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Funds to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) 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 will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you've selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate (BNB) Binance Coin Once your deposit has been affirmed, you'll immediately have access to your funds and you can commence invest and trading. To purchase (BNB) Binance Coin on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To discover (BNB) Binance Coin, you'll need to insert the short name of the asset (BNB) into the search box, which is highlighted in the image. Be certain of having choosen the right pairing, we have highlighted this also. Click on “BNB/BTC” to continue.
Step 4 – Acquisition of (BNB) Binance Coin Once you have discovered (BNB) Binance Coin, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the recent price (BNB) Binance Coin was sold for. You can change this to your preferred price. The ”Amount” field is the volumen of BNB you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete volumen of BNB. When you're glad, click on “Buy BNB”. Your order will be filled as soon as a Seller sells their BNB for the price you introduced.
Step 5 – Withdraw (BNB) Binance Coin Unless you are frequently trading, best advise is not to keep coins on an Crypto Trader for an longer time frame. In order to withdraw your (BNB) Binance Coin, go to the tab called “Funds” and click on “Withdraw”. (BNB) Binance Coin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BNB) Binance Coin by using the provided drop-down box. Drop in the volumen of (BNB) Binance Coin you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address. When you are glad, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.