How to Buy Binance Coin (BNB) in Micronesia

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

Step 1 – Signup to Kraken

You'll first need to purchase one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

Kraken Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

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

Make sure you've chosen the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Binance Signup

Step 3 – Find Binance Coin (BNB)

As soon as your deposit has been verified, you'll now have access to your assets and you can begin buying and trading. To buy (BNB) Binance Coin on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

To spot (BNB) Binance Coin, you'll need to insert the cointype (BNB) into the search box, which is marked in the image. Make sure you have choosen the right grouping, we have marked this also. Click on “BNB/BTC” to go ahead.

Step 4 – Purchase (BNB) Binance Coin

As soon as you have spotted (BNB) Binance Coin, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are making our own Limit Order.

The “Price” field will be filled automatically with the most latest price (BNB) Binance Coin was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of BNB you wish to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the whole amount of BNB.

When you are happy, make a mouse click on “Buy BNB”. Your order will be filled as soon as a Vendor sells their BNB for the price you gave.

Step 5 – Withdraw (BNB) Binance Coin

Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Trader for an extended time frame. To take off your Binance Coin (BNB), hover over the tab called “Funds” and mouse click on “Withdraw”. Binance Coin (BNB) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Congratulations! You've successfully purchased and safed (BNB) Binance Coin in Micronesia.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (BNB) Binance Coin is stored within your wallet, you are all done.
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