How to Buy Binance Coin (BNB) in Japan

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and getting your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Binance Coin (BNB) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you've chosen the precise coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate (BNB) Binance Coin

As soon as your deposit has been affirmed, you'll directly have access to your assets and you can start buying and trading. To invest in Binance Coin (BNB) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

To spot (BNB) Binance Coin, you will need to insert the shortname of the coin (BNB) into the search-box, which is marked in the graphic. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “BNB/BTC” to go on.

Step 4 – Buy (BNB) Binance Coin

As soon as you've discovered Binance Coin (BNB), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent rate Binance Coin (BNB) was sold for. You can change this to your favoured price. The “Amount” field is the quantity of BNB you wish to buy. The “Total” field is the total price in Bitcoin that you will pay for the complete amount of BNB.

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

Step 5 – Withdraw Binance Coin (BNB)

Unless you're regularly trading, you should never keepyour coins on an Crypto Exchange for an extensive time frame. In order to withdraw your (BNB) Binance Coin, go to the tab called “Funds” and click on “Withdraw”. (BNB) Binance Coin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance Coin (BNB) by using the given drop-down box. Put into the amount of (BNB) Binance Coin you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address.

If you're glad, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.

Congratulations! You've successfully purchased and stored (BNB) Binance Coin in Japan.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the Binance Coin (BNB) is safe inside your wallet, you're all done.