How to Buy Binance Coin (BNB) in Christmas Island

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

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and to get your first $10.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Binance Coin (BNB) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find Binance Coin (BNB)

Once your deposit has been verified, you will instantly have access to your finances and you can initiate buying and trading. To buy Binance Coin (BNB) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to discover (BNB) Binance Coin, you'll need to insert the short name of the asset (BNB) into the search box, which is marked in the image. Be certain of having selected the right grouping, we have highlighted this too. Click on “BNB/BTC” to proceed.

Step 4 – Buying Binance Coin (BNB)

As soon as you've located Binance Coin (BNB), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to make our own Limit Order.

The “Price” field will be filled automatically with the latest price Binance Coin (BNB) was traded for. This can be changed to your favoured price. The “Amount” field is the quantity of BNB you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole amount of BNB.

If you're happy, click on “Buy BNB”. Your plan will be filled as soon as a Vender sells their BNB for the price you submitted.

Step 5 – Withdraw (BNB) Binance Coin

Unless you're frequently trading, never keep your crypto on an Crypto Exchange for an extensive period of time. To withdraw your Binance Coin (BNB), hover over the “Funds” tab and click on “Withdraw”. Binance Coin (BNB) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BNB) Binance Coin by using the provided drop-down box. Enter the quantity of (BNB) Binance Coin you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

When you're glad, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a take off.

Kudos! You've successfully purchased and stored Binance Coin (BNB) in Christmas Island.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the Binance Coin (BNB) is safe within your wallet, you are finished.