How to Buy Binance Coin (BNB) in Armenia

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

Step 1 – Signup to Kraken

You'll first need to buy units of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

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

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

Make sure you've selected the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find Binance Coin (BNB)

Once your deposit has been approved, you'll now have access to your funds and you can commence invest and trading. To buy (BNB) Binance Coin on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to find Binance Coin (BNB), you'll need to insert the cointype (BNB) into the search box, which is highlighted in the image. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “BNB/BTC” to continue.

Step 4 – Purchase Binance Coin (BNB)

As soon as you've located (BNB) Binance Coin, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're going to create our own Limit Order.

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

When you're satisfied, click on “Buy BNB”. Your plan will be filled when a Vender sells their BNB for the price you gave.

Step 5 – Withdraw Binance Coin (BNB)

Unless you are regularly trading, best advise is not to keep crypto on an Exchange for an extensive period of time. To take off your Binance Coin (BNB), go to the tab called “Funds” and mouse click on “Withdraw”. Binance Coin (BNB) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

Kudos! You've successfully bought and stored (BNB) Binance Coin in Armenia.

That's it!

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