How to Buy Binance Coin (BNB) in Dominican Republic

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

Step 1 – Signup to CEX.io

You'll first need to purchase one of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Binance Coin (BNB) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you have selected the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find Binance Coin (BNB)

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

To find (BNB) Binance Coin, you will need to insert the short name of the asset (BNB) into the search box, which is marked in the graphic. Be certain of having choosen the right grouping, we have marked this too. Click on “BNB/BTC” to go ahead.

Step 4 – Buying Binance Coin (BNB)

After you've found (BNB) Binance Coin, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are creating our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation Binance Coin (BNB) was traded for. You can change this to your desired rate. The “Amount” field is the volumen of BNB you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete volumen of BNB.

When you are glad, click on “Buy BNB”. Your plan will be filled when a Seller sells their BNB for the price you offered.

Step 5 – Withdraw Binance Coin (BNB)

Unless you're frequently trading, best advise is not to keep your crypto coins on an Exchange for an extended time frame. In order to withdraw your Binance Coin (BNB), hover over the “Funds” tab and mouse click on “Withdraw”. (BNB) Binance Coin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Binance Coin (BNB) by using the provided drop-down box. Put into the quantity of (BNB) Binance Coin you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

When you're satisfied, click “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Congrats! You have successfully bought and safed (BNB) Binance Coin in Dominican Republic.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Binance Coin (BNB) is stored within your wallet, you're done.