A Step-by-Step-Guide on where to buy Wrapped BNB (WBNB)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Wrapped BNB (WBNB) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you have chosen the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Wrapped BNB (WBNB) Once your deposit has been approved, you'll immediately have access to your funds and you can start purchasing and trading. To buy Wrapped BNB (WBNB) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to find Wrapped BNB (WBNB), you will need to put the cointype (WBNB) into the search box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we've highlighted this also. Click on “WBNB/BTC” to continue.
Step 4 – Purchasing Wrapped BNB (WBNB) After you have located Wrapped BNB (WBNB), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are creating our own Limit Order. The field with the “Price” tag will be filled with the up-to-date price Wrapped BNB (WBNB) was traded for. This can be changed to your desired price. The ”Amount” field is the quantity of WBNB you want to purchase. The ”Total” field is the whole price in BTC that you will pay for the complete volumen of WBNB. If you are glad, make a mouse click on “Buy WBNB”. Your order will be filled as soon as a Seller trades their WBNB for the price you introduced.
Step 5 – Withdraw Wrapped BNB (WBNB) Unless you are regularly trading, never keep your crypto on an Crypto Trader for an longer period of time. To withdraw your Wrapped BNB (WBNB), hover over the tab called “Funds” and mouse click on “Withdraw”. Wrapped BNB (WBNB) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped BNB (WBNB) by using the provided drop-down box. Enter the quantity of Wrapped BNB (WBNB) you'd wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, click on “Submit”. You may be requested for email/phone verification before a withdrawal.