How to Buy Binance Coin (BNB) in Panama

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

Step 1 – Join Kraken

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

Step 2 – Send Your Funds to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Binance Coin (BNB) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

Make sure you have selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate (BNB) Binance Coin

Once your deposit has been verified, you'll directly have access to your finances and you can commence invest and trading. To invest in Binance Coin (BNB) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

In order to find (BNB) Binance Coin, you'll need to put the cointype (BNB) into the search box, which is marked in the picture. Make sure you have choosen the correct pairing, we've marked this too. Click on “BNB/BTC” to advance.

Step 4 – Purchasing (BNB) Binance Coin

Once you've discovered (BNB) Binance Coin, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are creating our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date rate (BNB) Binance Coin was sold for. This can be changed to your preferred price. The “Amount” field is the amount of BNB you wish to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the complete quantity of BNB.

If you're glad, click on “Buy BNB”. Your order will be filled when a Vendor sells their BNB for the price you offered.

Step 5 – Withdraw Binance Coin (BNB)

Unless you're frequently trading, you should never keepyour coins on an Exchange for an longer period of time. To take off your (BNB) Binance Coin, go to the “Funds” tab and click on “Withdraw”. Binance Coin (BNB) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are glad, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Congrats! You have successfully bought and safed Binance Coin (BNB) in Panama.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the Binance Coin (BNB) is safe within your wallet, you are all done.