A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Bahrain
Step 1 – Signup to Kraken You will first need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Binance Coin (BNB) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate Binance Coin (BNB) As soon as your deposit has been approved, you'll directly have access to your funds and you can initiate invest and trading. To invest in Binance Coin (BNB) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to locate Binance Coin (BNB), you will need to insert the short name of the asset (BNB) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we have marked this also. Click on “BNB/BTC” to advance.
Step 4 – Purchasing (BNB) Binance Coin Once you have spotted (BNB) Binance Coin, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are making our Limit Order. The “Price” field will be filled automatically with the most recent tariff (BNB) Binance Coin was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of BNB you wish to purchase. The “Total” field is the total price in BTC that you will pay for the complete amount of BNB. When you're satisfied, click on “Buy BNB”. Your plan will be filled when a Vendor 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 Crypto Trader for an extensive time period. In order to withdraw your Binance Coin (BNB), go to the “Funds” tab and mouse click on “Withdraw”. Binance Coin (BNB) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (BNB) Binance Coin by using the provided drop-down box. Drop in the quantity of (BNB) Binance Coin you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.