How to Buy Binance Coin (BNB) in Bahamas

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) 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 similar. Binance Coin (BNB) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide)

Make sure you have selected the precise coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Find Binance Coin (BNB)

As soon as your deposit has been affirmed, you'll directly have access to your assets and you can commence invest and trading. To buy (BNB) Binance Coin on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

To find (BNB) Binance Coin, you will need to insert the shortname of the coin (BNB) into the search-box, which is marked in the picture. Make sure you have choosen the correct pairing, we have marked this also. Click on “BNB/BTC” to progress.

Step 4 – Buy Binance Coin (BNB)

After you have discovered Binance Coin (BNB), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date tariff Binance Coin (BNB) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of BNB you like to buy. The “Total” field is the total price in BTC that you'll settle for the whole volumen of BNB.

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

Step 5 – Withdraw Binance Coin (BNB)

Unless you're frequently trading, never keep your crypto coins on an Exchange for an extensive period of time. To withdraw your Binance Coin (BNB), go to the “Funds” tab and click on “Withdraw”. Binance Coin (BNB) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are happy, click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.

Congrats! You have successfully bought and safed (BNB) Binance Coin in Bahamas.

That's it!

Take offs from Crypto Exchange can durate 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 within your wallet, you're finished.