A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Kenya
Step 1 – Signup to Kraken You'll first need to buy units of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and getting your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has 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 Trader? (Follow this manual) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find Binance Coin (BNB) As soon as your deposit has been approved, you'll instantly have access to your assets and you can start buying and trading. To buy Binance Coin (BNB) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To discover (BNB) Binance Coin, you will need to put the short name of the asset (BNB) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “BNB/BTC” to go ahead.
Step 4 – Purchasing Binance Coin (BNB) As soon as you've discovered Binance Coin (BNB), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent price Binance Coin (BNB) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of BNB you like to purchase. The “Total” field is the aggregated price in BTC that you will settle for the whole quantity of BNB. When you are happy, make a mouse click on “Buy BNB”. Your plan will be filled when a Seller trades their BNB for the price you submitted.
Step 5 – Withdraw (BNB) Binance Coin Unless you are trading, best advise is not to keep your coins on an Exchange for an extended time frame. To withdraw your Binance Coin (BNB), hover over the “Funds” tab and click on “Withdraw”. (BNB) Binance Coin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (BNB) Binance Coin by using the given drop-down box. Enter the volumen of (BNB) Binance Coin you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you are glad, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.