A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Austria
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Binance Coin (BNB) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you have selected the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find (BNB) Binance Coin Once your deposit has been verified, you will directly have access to your funds and you can initiate invest and trading. To purchase (BNB) Binance Coin on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To find Binance Coin (BNB), you will need to insert the cointype (BNB) into the search-box, which is marked in the image. Be certain of having choosen the right pairing, we've highlighted this also. Click on “BNB/BTC” to advance.
Step 4 – Purchase Binance Coin (BNB) Once you have located (BNB) Binance Coin, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're creating our Limit Order. The “Price” field will be filled with the recent price (BNB) Binance Coin was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of BNB you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of BNB. When you are glad, make a mouse click on “Buy BNB”. Your order will be filled when a Vender sells their BNB for the price you gave.
Step 5 – Withdraw (BNB) Binance Coin Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your Binance Coin (BNB), go to the tab called “Funds” and click on “Withdraw”. (BNB) Binance Coin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BNB) Binance Coin by using the provided drop-down box. Drop in the volumen of (BNB) Binance Coin you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. If you are happy, click “Submit”. You could be asked for email/phone verification before a withdrawal.