A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Germany
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and receive your first $10.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) 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 identical. Binance Coin (BNB) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find (BNB) Binance Coin As soon as your deposit has been verified, you will now have access to your assets and you can initiate purchasing and trading. To purchase Binance Coin (BNB) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to discover (BNB) Binance Coin, you will need to insert the cointype (BNB) into the search-box, which is marked in the picture. Be certain of having selected the correct grouping, we've highlighted this also. Click on “BNB/BTC” to progress.
Step 4 – Buying Binance Coin (BNB) Once you have discovered (BNB) Binance Coin, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to make our Limit Order. The field with the “Price” tag will be automatically filled with the most recent tariff Binance Coin (BNB) was traded for. This can be changed to your preferred rate. The “Amount” field is the quantity of BNB you want 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 as soon as a Vendor sells their BNB for the price you introduced.
Step 5 – Withdraw (BNB) Binance Coin Unless you are frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer time frame. In order to take off your Binance Coin (BNB), go to the tab called “Funds” and click on “Withdraw”. (BNB) Binance Coin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BNB) Binance Coin by using the given drop-down box. Put into the quantity of Binance Coin (BNB) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, click “Submit”. You may be requested for verfication via phone/email before a withdrawal.