A Step-by-Step-Guide on how to buy Binance Coin (BNB) in India
Step 1 – Join Coinbase and recieve 10$ for free You will first need to purchase one of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and to get your first $10.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Binance Coin (BNB) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find Binance Coin (BNB) Once your deposit has been approved, you'll now have access to your funds and you can begin purchasing and trading. To purchase (BNB) Binance Coin on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”. To find Binance Coin (BNB), you will need to insert the cointype (BNB) into the search-box, which is marked in the picture. Be certain of having selected the proper grouping, we've highlighted this also. Click on “BNB/BTC” to go ahead.
Step 4 – Purchase Binance Coin (BNB) After you've found (BNB) Binance Coin, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order. The “Price” field will be filled with the recent price Binance Coin (BNB) was traded for. You can change this to your desired price. The “Amount” field is the amount of BNB you wish to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete amount of BNB. If you're happy, click on “Buy BNB”. Your order will be filled when a Vender sells their BNB for the price you offered.
Step 5 – Withdraw (BNB) Binance Coin Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time period. In order to take off your Binance Coin (BNB), hover over the tab called “Funds” and click on “Withdraw”. Binance Coin (BNB) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Binance Coin (BNB) by using the given drop-down box. Enter the volumen of Binance Coin (BNB) you would like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.