How to Buy Binance Coin (BNB) in Dominica

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

Step 1 – Join Kraken

You'll first need to purchase units of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Binance Coin (BNB) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find (BNB) Binance Coin

As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can start purchasing and trading. To invest in (BNB) Binance Coin on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to find (BNB) Binance Coin, you'll need to put the short name of the asset (BNB) into the search box, which is marked in the picture. Be certain of having selected the right grouping, we have marked this also. Click on “BNB/BTC” to continue.

Step 4 – Acquisition of Binance Coin (BNB)

Once you have discovered (BNB) Binance Coin, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we're making our own Limit Order.

The “Price” field will be automatically filled with the most up-to-date rate Binance Coin (BNB) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the amount of BNB you want to buy. The “Total” field is the total price in Bitcoin that you will settle for the complete volumen of BNB.

When you are happy, click on “Buy BNB”. Your plan will be filled as soon as a Vendor trades their BNB for the price you introduced.

Step 5 – Withdraw Binance Coin (BNB)

Unless you are regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive period of time. In order to take off your Binance Coin (BNB), hover over the “Funds” tab and mouse click on “Withdraw”. (BNB) Binance Coin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

Congratulations! You have successfully bought and safed (BNB) Binance Coin in Dominica.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the (BNB) Binance Coin is safe inside your wallet, you're all done.
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