How to Buy Binance Coin (BNB) in Latvia

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

Step 1 – Signup to Coinbase and recieve 10$ for free

In the beginning you'll need to purchase one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and to get your first $10.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Binance Coin (BNB) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

Make sure you have chosen the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate (BNB) Binance Coin

Once your deposit has been confirmed, you will directly have access to your assets and you can initiate buying and trading. To purchase Binance Coin (BNB) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to spot (BNB) Binance Coin, you will need to put the cointype (BNB) into the search-box, which is marked in the image. Be certain of having choosen the proper grouping, we have marked this also. Click on “BNB/BTC” to continue.

Step 4 – Buy (BNB) Binance Coin

Once you've found Binance Coin (BNB), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we are making our own Limit Order.

The “Price” field will be filled automatically with the most up-to-date valuation Binance Coin (BNB) was sold for. You can change this to your preferred price. The “Amount” field is the amount of BNB you want to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole quantity of BNB.

If you are happy, click on “Buy BNB”. Your order will be filled as soon as a Vender sells their BNB for the price you introduced.

Step 5 – Withdraw Binance Coin (BNB)

Unless you're regularly trading, best advise is not to keep your crypto on an Exchange for an longer time period. To withdraw your (BNB) Binance Coin, go to the “Funds” tab and mouse click on “Withdraw”. Binance Coin (BNB) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Binance Coin (BNB) by using the given drop-down box. Drop in the amount of (BNB) Binance Coin you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.

Congratulations! You have successfully bought and safed Binance Coin (BNB) in Latvia.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Binance Coin (BNB) is stored in your wallet, you are done.