A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Canada
Step 1 – Join Kraken In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Binance Coin (BNB) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you've 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 are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Binance Coin (BNB) As soon as your deposit has been verified, you'll directly have access to your assets and you can initiate invest and trading. To invest in (BNB) Binance Coin on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To spot Binance Coin (BNB), you'll need to put the shortname of the coin (BNB) into the search box, which is highlighted in the graphic. Be certain of having selected the right grouping, we have marked this also. Click on “BNB/BTC” to go ahead.
Step 4 – Buying (BNB) Binance Coin Once you've found (BNB) Binance Coin, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we're creating our Limit Order. The “Price” field will be automatically filled with the up-to-date rate Binance Coin (BNB) was sold for. This can be changed to your preferred price. The “Amount” field is the amount of BNB you wish 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, click on “Buy BNB”. Your plan will be filled when a Vendor trades their BNB for the price you gave.
Step 5 – Withdraw Binance Coin (BNB) Unless you are trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended time frame. To withdraw your Binance Coin (BNB), go to the “Funds” tab and mouse click on “Withdraw”. (BNB) Binance Coin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BNB) Binance Coin by using the given drop-down box. Put into the amount of Binance Coin (BNB) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are satisfied, click “Submit”. You could be requested for email/phone verification before a take off.