How to Buy Binance Coin (BNB) in New Zealand

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

Step 1 – Signup to Kraken

You will first need to purchase one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and receive your first Bitcoin or Ethereum.

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need 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're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to)

Make sure you have chosen the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find Binance Coin (BNB)

As soon as your deposit has been approved, you'll immediately have access to your funds and you can start buying and trading. To invest in Binance Coin (BNB) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

To find (BNB) Binance Coin, you'll need to put the short name of the asset (BNB) into the search box, which is highlighted in the picture. Make sure you have selected the right grouping, we have highlighted this too. Click on “BNB/BTC” to advance.

Step 4 – Purchase (BNB) Binance Coin

Once you've found (BNB) Binance Coin, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are going to make our own Limit Order.

The “Price” field will be filled automatically with the up-to-date price (BNB) Binance Coin was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity 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.

When you are glad, make a mouse click on “Buy BNB”. Your plan will be filled as soon as a Vender sells their BNB for the price you submitted.

Step 5 – Withdraw (BNB) Binance Coin

Unless you're regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer time frame. To take off your Binance Coin (BNB), go to the tab called “Funds” and click on “Withdraw”. Binance Coin (BNB) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BNB) Binance Coin by using the provided drop-down box. Enter the volumen of Binance Coin (BNB) you would like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

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

Congrats! You've successfully bought and stored (BNB) Binance Coin in New Zealand.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Binance Coin (BNB) is safe inside your wallet, you are finished.