How to Buy Binance Coin (BNB) in Andorra

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and to get your first Ethereum or Bitcoin.

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Binance Coin (BNB) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency 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 ETH deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find Binance Coin (BNB)

As soon as your deposit has been approved, you will immediately have access to your assets and you can begin invest and trading. To purchase (BNB) Binance Coin on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

In order to discover Binance Coin (BNB), you will need to insert the short name of the asset (BNB) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “BNB/BTC” to continue.

Step 4 – Buying (BNB) Binance Coin

As soon as you've found (BNB) Binance Coin, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we're creating our Limit Order.

The “Price” field will be automatically filled with the up-to-date rate Binance Coin (BNB) was sold for. This can be changed to your favoured price. The “Amount” field is the volumen of BNB you wish to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of BNB.

When you're glad, click on “Buy BNB”. Your plan will be filled as soon as a Seller trades their BNB for the price you submitted.

Step 5 – Withdraw Binance Coin (BNB)

Unless you are trading, best advise is not to keep your crypto on an Crypto Exchange for an longer time frame. In order to withdraw your Binance Coin (BNB), hover over the tab called “Funds” and click on “Withdraw”. Binance Coin (BNB) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BNB) Binance Coin by using the provided drop-down box. Put into the amount of Binance Coin (BNB) you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address.

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

Kudos! You have successfully bought and stored Binance Coin (BNB) in Andorra.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the Binance Coin (BNB) is stored inside your wallet, you are done.