A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Ethiopia
Step 1 – Join Coinbase and get 10$ for free You will first need to purchase units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and receive your welcome 10 Dollar.
Step 2 – Send Your Funds to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Binance Coin (BNB) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find (BNB) Binance Coin As soon as your deposit has been verified, you'll now have access to your finances and you can commence purchasing and trading. To purchase 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 insert the cointype (BNB) into the search box, which is marked in the image. Be certain of having selected the proper grouping, we have highlighted this also. Click on “BNB/BTC” to advance.
Step 4 – Buying Binance Coin (BNB) After you have spotted (BNB) Binance Coin, you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to make our own Limit Order. The “Price” field will be automatically filled with the recent valuation (BNB) Binance Coin was sold for. You can change this to your favoured rate. The “Amount” field is the quantity of BNB you wish to buy. The “Total” field is the aggregated price in BTC that you'll settle for the whole quantity of BNB. If you are satisfied, click on “Buy BNB”. Your plan will be filled when a Vendor sells their BNB for the price you gave.
Step 5 – Withdraw (BNB) Binance Coin Unless you're trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended time period. To take off your Binance Coin (BNB), go to the tab called “Funds” and mouse click on “Withdraw”. Binance Coin (BNB) can be safely stored 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 would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you're happy, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.