How to Buy Binance Coin (BNB) in El Salvador

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Binance Coin (BNB) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find Binance Coin (BNB)

Once your deposit has been confirmed, you'll now have access to your funds and you can start buying and trading. To purchase Binance Coin (BNB) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To discover (BNB) Binance Coin, you will need to insert the shortname of the coin (BNB) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we've marked this also. Click on “BNB/BTC” to continue.

Step 4 – Buying Binance Coin (BNB)

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

The “Price” field will be automatically filled with the most recent rate Binance Coin (BNB) was sold for. You can change this to your favoured rate. The “Amount” field is the quantity of BNB you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole amount of BNB.

When you are glad, make a mouse click on “Buy BNB”. Your order will be filled as soon as a Seller sells their BNB for the price you submitted.

Step 5 – Withdraw Binance Coin (BNB)

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

Find Binance Coin (BNB) by using the given drop-down box. Enter the amount of (BNB) Binance Coin you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address.

When you are glad, click “Submit”. You may be asked for email/phone verification ahead of a take off.

Congratulations! You've successfully purchased and stored Binance Coin (BNB) in El Salvador.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (BNB) Binance Coin is stored inside your wallet, you are finished.