How to Buy Binance Coin (BNB) in Benin

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

Step 1 – Join Kraken

You will first need to purchase units of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and getting your welcome Ethereum or Bitcoin.

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Binance Coin (BNB) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

Make sure you've selected the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find (BNB) Binance Coin

Once your deposit has been approved, you'll instantly have access to your funds and you can start invest and trading. To purchase (BNB) Binance Coin on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to locate Binance Coin (BNB), you'll need to insert the short name of the asset (BNB) into the search box, which is marked in the image. Make sure you have selected the proper pairing, we've highlighted this also. Click on “BNB/BTC” to proceed.

Step 4 – Buying (BNB) Binance Coin

Once you have spotted (BNB) Binance Coin, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're creating our own Limit Order.

The “Price” field will be filled with the most up-to-date tariff (BNB) Binance Coin was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of BNB you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole amount of BNB.

When you're glad, click on “Buy BNB”. Your plan will be filled as soon as a Vendor trades their BNB for the price you submitted.

Step 5 – Withdraw (BNB) Binance Coin

Unless you're frequently trading, you should never keepyour crypto 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, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Binance Coin (BNB) by using the given drop-down box. Put into the amount of (BNB) Binance Coin you would like to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address.

If you are happy, click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Congrats! You've successfully purchased and stored (BNB) Binance Coin in Benin.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your take off using Etherscan.io or Ethplorer.io and the Binance Coin (BNB) is stored within your wallet, you're all done.