How to Buy Binance Coin (BNB) in Algeria

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

Step 1 – Join Kraken

You will first need to buy units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and getting your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Binance Coin (BNB) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

Make sure you have selected the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate (BNB) Binance Coin

Once your deposit has been confirmed, you will now have access to your funds and you can commence buying and trading. To buy (BNB) Binance Coin on Binance, you will want to go to the “Exchange” tab and click on “Basic”.

To spot Binance Coin (BNB), you'll need to insert the cointype (BNB) into the search-box, which is highlighted in the graphic. Be certain of having selected the right grouping, we have highlighted this also. Click on “BNB/BTC” to progress.

Step 4 – Purchase (BNB) Binance Coin

Once you've located (BNB) Binance Coin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order.

The “Price” field will be automatically filled with the most up-to-date tariff Binance Coin (BNB) was traded for. This can be changed to your favoured price. The “Amount” field is the quantity of BNB you wish to purchase. The “Total” field is the whole price in Bitcoin that you'll pay for the complete quantity of BNB.

When you're happy, make a mouse click on “Buy BNB”. Your plan will be filled as soon as a Vender trades their BNB for the price you offered.

Step 5 – Withdraw Binance Coin (BNB)

Unless you are frequently trading, never keep your crypto on an Crypto Exchange for an longer period of time. In order to take off your (BNB) Binance Coin, hover over the tab called “Funds” and click on “Withdraw”. Binance Coin (BNB) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance Coin (BNB) by using the given drop-down box. Enter the quantity of (BNB) Binance Coin you'd like to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you're satisfied, click “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.

Kudos! You have successfully purchased and stored Binance Coin (BNB) in Algeria.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (BNB) Binance Coin is safe inside your wallet, you're all done.