How to Buy Binance Coin (BNB) in Bermuda

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and getting your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Binance Coin (BNB) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

Make sure you have chosen the correct coin you want to deposit.

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

Step 3 – Locate Binance Coin (BNB)

As soon as your deposit has been approved, you will immediately have access to your finances and you can begin buying and trading. To buy (BNB) Binance Coin on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

To locate (BNB) Binance Coin, 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 highlighted this also. Click on “BNB/BTC” to continue.

Step 4 – Buying Binance Coin (BNB)

Once you have spotted Binance Coin (BNB), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are making our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation (BNB) Binance Coin was traded for. You can change this to your favoured rate. The “Amount” field is the amount of BNB you wish to buy. The “Total” field is the total price in Bitcoin that you will pay for the complete volumen of BNB.

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

Step 5 – Withdraw Binance Coin (BNB)

Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer period of time. To withdraw your Binance Coin (BNB), go to the tab called “Funds” and click on “Withdraw”. (BNB) Binance Coin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BNB) Binance Coin by using the provided drop-down box. Put into the volumen of Binance Coin (BNB) you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you're glad, click “Submit”. You could be asked for phone/email verification before a take off.

Kudos! You have successfully purchased and stored Binance Coin (BNB) in Bermuda.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you have proved your take off with Etherscan.io or Ethplorer.io and the Binance Coin (BNB) is safe within your wallet, you're all done.