How to Buy Binance Coin (BNB) in Egypt

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

Step 1 – Join Kraken

You'll first need to purchase one of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and getting your welcome Ethereum or Bitcoin.

Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Binance Coin (BNB) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).

Step 3 – Find Binance Coin (BNB)

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

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

Step 4 – Purchasing Binance Coin (BNB)

After you have found Binance Coin (BNB), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest rate Binance Coin (BNB) was sold for. This can be changed to your favoured rate. The “Amount” field is the volumen of BNB you like to purchase. The “Total” field is the whole price in Bitcoin that you'll pay for the complete quantity of BNB.

If you're happy, click on “Buy BNB”. Your order will be filled when a Seller trades their BNB for the price you offered.

Step 5 – Withdraw Binance Coin (BNB)

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

Locate Binance Coin (BNB) by using the given drop-down box. Put into the quantity of Binance Coin (BNB) you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address.

When you're happy, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

Congrats! You've successfully bought and safed Binance Coin (BNB) in Egypt.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Binance Coin (BNB) is stored inside your wallet, you are all done.