A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Jamaica
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Binance Coin (BNB) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate (BNB) Binance Coin Once your deposit has been approved, you will instantly have access to your assets and you can begin invest and trading. To buy (BNB) Binance Coin on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to find Binance Coin (BNB), you will need to insert the cointype (BNB) into the search-box, which is highlighted in the picture. Be certain of having selected the proper grouping, we have marked this also. Click on “BNB/BTC” to go ahead.
Step 4 – Buy (BNB) Binance Coin After you've discovered Binance Coin (BNB), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are going to make our Limit Order. The “Price” field will be filled with the most latest price Binance Coin (BNB) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of BNB you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete volumen of BNB. When you are glad, make a mouse click on “Buy BNB”. Your plan will be filled as soon as a Seller sells their BNB for the price you introduced.
Step 5 – Withdraw (BNB) Binance Coin Unless you're trading, best advise is not to keep your crypto on an Exchange for an extended time frame. To take off your (BNB) Binance Coin, hover over the “Funds” tab and click on “Withdraw”. (BNB) Binance Coin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Binance Coin (BNB) by using the given drop-down box. Put into the volumen of (BNB) Binance Coin you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you're happy, click on “Submit”. You may be requested for phone/email verification ahead of a take off.