How to Buy Binance Coin (BNB)

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

Step 1 – Join Coinbase and receive 10$ in Bitcoin

You'll first need to buy units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and getting Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your Funds to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Binance Coin (BNB) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you've chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate (BNB) Binance Coin

Once your deposit has been affirmed, you will now have access to your finances and you can begin buying and trading. To buy (BNB) Binance Coin on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To discover (BNB) Binance Coin, you will need to put the shortname of the coin (BNB) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we have highlighted this also. Click on “BNB/BTC” to advance.

Binance How To Buy 1 Binance Coin (BNB)
Step 4 – Acquisition of Binance Coin (BNB)

Once you've found Binance Coin (BNB), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are going to make our own Limit Order.

The “Price” field will be automatically filled with the most up-to-date valuation Binance Coin (BNB) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of BNB you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole quantity of BNB.

When you are glad, make a mouse click on “Buy BNB”. Your order will be filled as soon as a Vendor sells their BNB for the price you introduced.

Step 5 – Withdraw Binance Coin (BNB)

Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Trader for an extended period of time. To withdraw your Binance Coin (BNB), go to the “Funds” tab and click on “Withdraw”. Binance Coin (BNB) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BNB) Binance Coin by using the provided drop-down box. Drop in the amount of Binance Coin (BNB) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

If you're glad, click “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

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

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Binance Coin (BNB) is safe inside your wallet, you are finished.