A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Barbados
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to buy units of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and receive your first 10$.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Binance Coin (BNB) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have chosen the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
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 begin buying and trading. To invest in (BNB) Binance Coin on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. To discover (BNB) Binance Coin, you'll need to insert the cointype (BNB) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we've highlighted this also. Click on “BNB/BTC” to continue.
Step 4 – Buying (BNB) Binance Coin Once you have located (BNB) Binance Coin, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the latest price Binance Coin (BNB) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of BNB you want to purchase. The “Total” field is the total price in Bitcoin that you will settle for the complete quantity of BNB. When you're happy, click on “Buy BNB”. Your plan will be filled when a Seller trades their BNB for the price you submitted.
Step 5 – Withdraw Binance Coin (BNB) Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive period of time. To take off your Binance Coin (BNB), hover over the tab called “Funds” and click on “Withdraw”. (BNB) Binance Coin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Binance Coin (BNB) by using the given drop-down box. Drop in the amount of Binance Coin (BNB) you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.