How to Buy Binance Coin (BNB) in Russia

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

Step 1 – Join Kraken

You will first need to purchase units of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and to get your first Bitcoin or Ethereum.

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

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

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find Binance Coin (BNB)

As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can commence invest and trading. To invest in Binance Coin (BNB) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to discover (BNB) Binance Coin, you'll need to insert the short name of the asset (BNB) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we've marked this also. Click on “BNB/BTC” to continue.

Step 4 – Buying Binance Coin (BNB)

As soon as you have located (BNB) Binance Coin, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we're going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date valuation (BNB) Binance Coin was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of BNB you wish to buy. The “Total” field is the total price in BTC that you will pay for the whole amount of BNB.

When you are satisfied, click on “Buy BNB”. Your plan will be filled as soon as a Vendor sells their BNB for the price you offered.

Step 5 – Withdraw (BNB) Binance Coin

Unless you are frequently trading, you should never keepyour crypto coins on an Exchange for an longer time period. To withdraw your (BNB) Binance Coin, hover over the tab called “Funds” and click on “Withdraw”. (BNB) Binance Coin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance Coin (BNB) by using the provided drop-down box. Enter the volumen of Binance Coin (BNB) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address.

If you are satisfied, click on “Submit”. You may be asked for email/phone verification before a withdrawal.

Congrats! You've successfully purchased and stored (BNB) Binance Coin in Russia.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Binance Coin (BNB) is stored within your wallet, you're finished.