A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Botswana
Step 1 – Join Kraken You'll first need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Funds to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Binance Coin (BNB) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate (BNB) Binance Coin Once your deposit has been confirmed, you'll now have access to your finances and you can commence buying and trading. To invest in Binance Coin (BNB) on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”. To discover Binance Coin (BNB), you'll need to put the shortname of the coin (BNB) into the search-box, which is marked in the image. Be certain of having choosen the right grouping, we have marked this too. Click on “BNB/BTC” to go on.
Step 4 – Purchasing Binance Coin (BNB) Once you have located (BNB) Binance Coin, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're making our Limit Order. The “Price” field will be filled with the up-to-date tariff (BNB) Binance Coin was sold for. This can be changed to your desired price. The “Amount” field is the amount of BNB you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete amount of BNB. When you are satisfied, make a mouse click on “Buy BNB”. Your plan will be filled as soon as a Seller sells 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 Crypto Trader for an extensive time period. To withdraw your (BNB) Binance Coin, go to the tab called “Funds” and mouse click on “Withdraw”. Binance Coin (BNB) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Binance Coin (BNB) by using the provided drop-down box. Enter the quantity of (BNB) Binance Coin you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you are happy, click on “Submit”. You may be requested for email/phone verification before a take off.