How to Buy Binance Coin (BNB) in Ecuador

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

Step 1 – Signup to Kraken

You will first need to buy one of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and to get your first Ethereum or Bitcoin.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Binance Coin (BNB) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have chosen the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find Binance Coin (BNB)

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

In order to spot Binance Coin (BNB), you'll need to put the short name of the asset (BNB) into the search box, which is highlighted in the picture. Make sure you have selected the correct grouping, we've marked this also. Click on “BNB/BTC” to advance.

Step 4 – Acquisition of Binance Coin (BNB)

As soon as you've found Binance Coin (BNB), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are going to create our own Limit Order.

The “Price” field will be filled automatically with the recent valuation (BNB) Binance Coin was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of BNB you wish to purchase. The “Total” field is the whole price in BTC that you'll pay for the complete volumen of BNB.

If you are happy, make a mouse click on “Buy BNB”. Your order will be filled as soon as a Vender sells their BNB for the price you gave.

Step 5 – Withdraw Binance Coin (BNB)

Unless you're regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time period. To withdraw your Binance Coin (BNB), go to the tab called “Funds” and click on “Withdraw”. Binance Coin (BNB) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance Coin (BNB) by using the provided drop-down box. Enter the quantity of (BNB) Binance Coin you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

When you are satisfied, click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Congrats! You've successfully purchased and stored (BNB) Binance Coin in Ecuador.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (BNB) Binance Coin is safe inside your wallet, you are done.