How to Buy Binance Coin (BNB)

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

Step 1 – Signup to Coinbase and get 10$ for free

You will first need to buy units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and to get your welcome $10.

Binance Signup
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency 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 sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to)

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate (BNB) Binance Coin

Once your deposit has been confirmed, you'll now have access to your funds and you can start buying and trading. To purchase Binance Coin (BNB) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To spot (BNB) Binance Coin, you will need to put the shortname of the coin (BNB) into the search-box, which is marked in the image. Be certain of having choosen the correct grouping, we have highlighted this too. Click on “BNB/BTC” to continue.

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

As soon as you have discovered Binance Coin (BNB), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the recent rate (BNB) Binance Coin was sold for. You can change this to your favoured price. The “Amount” field is the volumen of BNB you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete amount of BNB.

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

Step 5 – Withdraw Binance Coin (BNB)

Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an longer time frame. To take off your (BNB) Binance Coin, hover over the tab called “Funds” and click on “Withdraw”. Binance Coin (BNB) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance Coin (BNB) by using the provided drop-down box. Enter the amount of Binance Coin (BNB) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

When you are satisfied, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Congratulations! You have successfully purchased and stored Binance Coin (BNB).

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the Binance Coin (BNB) is stored within your wallet, you are all done.