A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Hong Kong
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Binance Coin (BNB) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Locate (BNB) Binance Coin Once your deposit has been approved, you will directly have access to your assets and you can start buying and trading. To invest in (BNB) Binance Coin on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”. To locate (BNB) Binance Coin, you will need to put the short name of the asset (BNB) into the search box, which is highlighted in the picture. Make sure you have selected the proper pairing, we have highlighted this also. Click on “BNB/BTC” to progress.
Step 4 – Buying Binance Coin (BNB) After you've discovered (BNB) Binance Coin, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the latest rate (BNB) Binance Coin was sold for. This can be changed to your desired price. The “Amount” field is the volumen of BNB you want to buy. The “Total” field is the total price in BTC that you will settle for the complete quantity of BNB. When you are satisfied, make a mouse click on “Buy BNB”. Your plan will be filled when a Seller sells their BNB for the price you introduced.
Step 5 – Withdraw Binance Coin (BNB) Unless you're trading, best advise is not to keep coins on an Crypto Trader for an extensive time period. To withdraw your (BNB) Binance Coin, go to the tab called “Funds” and click on “Withdraw”. Binance Coin (BNB) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Binance Coin (BNB) by using the given drop-down box. Enter the amount of (BNB) Binance Coin you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.