How to Buy Binance Coin (BNB) in Guernsey

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

Step 1 – Join Coinbase – Get Free $10

In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and getting your first 10$.

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

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 accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Find Binance Coin (BNB)

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

In order to find (BNB) Binance Coin, you will need to insert the short name of the asset (BNB) into the search box, which is marked in the graphic. Make sure you have selected the right grouping, we've highlighted this too. Click on “BNB/BTC” to continue.

Step 4 – Purchase (BNB) Binance Coin

As soon as you've spotted Binance Coin (BNB), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're making our Limit Order.

The field with the “Price” tag will be filled automatically with the most recent tariff (BNB) Binance Coin was traded for. You can change this to your preferred price. The “Amount” field is the volumen of BNB you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole amount of BNB.

If you are satisfied, click on “Buy BNB”. Your order will be filled as soon as a Vendor trades their BNB for the price you submitted.

Step 5 – Withdraw (BNB) Binance Coin

Unless you're trading, never keep your crypto coins on an Crypto Exchange for an longer period of time. In order to withdraw your Binance Coin (BNB), hover over 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. Drop in the quantity of (BNB) Binance Coin you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

If you're happy, click on “Submit”. You could be requested for email/phone verification before a withdrawal.

Kudos! You've successfully purchased and safed Binance Coin (BNB) in Guernsey.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the (BNB) Binance Coin is stored in your wallet, you're done.