How to Buy Binance Coin (BNB) in Papua New Guinea

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and receive your first Bitcoin or Ethereum.

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

Your Bitcoin or Ethereum 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 will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you've selected the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate Binance Coin (BNB)

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

In order to spot (BNB) Binance Coin, you'll need to put the shortname of the coin (BNB) into the search box, which is highlighted in the image. Be certain of having selected the proper grouping, we've marked this also. Click on “BNB/BTC” to go on.

Step 4 – Purchase (BNB) Binance Coin

After you have spotted (BNB) Binance Coin, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest rate Binance Coin (BNB) was sold for. You can change this to your desired price. The “Amount” field is the quantity of BNB you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole volumen of BNB.

When you're satisfied, click on “Buy BNB”. Your plan will be filled as soon as a Seller sells their BNB for the price you gave.

Step 5 – Withdraw (BNB) Binance Coin

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

Find Binance Coin (BNB) by using the provided drop-down box. Put into the quantity of Binance Coin (BNB) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

When you are happy, click “Submit”. You could be asked for phone/email verification before a withdrawal.

Kudos! You have successfully bought and safed (BNB) Binance Coin in Papua New Guinea.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (BNB) Binance Coin is stored in your wallet, you are done.