A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Aruba
Step 1 – Join Kraken In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Binance Coin (BNB) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate Binance Coin (BNB) As soon as your deposit has been verified, you'll directly have access to your funds and you can start purchasing and trading. To purchase (BNB) Binance Coin on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. In order to locate (BNB) Binance Coin, you'll need to insert the cointype (BNB) into the search box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we have marked this too. Click on “BNB/BTC” to advance.
Step 4 – Purchasing (BNB) Binance Coin After you've spotted Binance Coin (BNB), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be filled with the up-to-date tariff Binance Coin (BNB) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of BNB you want to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of BNB. If you are satisfied, click on “Buy BNB”. Your plan will be filled when a Seller trades their BNB for the price you gave.
Step 5 – Withdraw Binance Coin (BNB) Unless you are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. To take off your Binance Coin (BNB), go to the “Funds” tab and click on “Withdraw”. Binance Coin (BNB) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BNB) Binance Coin by using the provided drop-down box. Put into the quantity of Binance Coin (BNB) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you are glad, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.