How to Buy Binance Coin (BNB) in Rwanda

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. 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 exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate (BNB) Binance Coin

As soon as your deposit has been approved, you'll directly have access to your finances and you can commence purchasing and trading. To purchase (BNB) Binance Coin on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

To discover (BNB) Binance Coin, you'll need to put the cointype (BNB) into the search-box, which is highlighted in the image. Make sure you have choosen the proper grouping, we've marked this too. Click on “BNB/BTC” to advance.

Step 4 – Buying (BNB) Binance Coin

After you've found Binance Coin (BNB), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the recent rate (BNB) Binance Coin was traded for. You can change this to your favoured rate. The “Amount” field is the amount of BNB you wish to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the complete amount of BNB.

If you're happy, click on “Buy BNB”. Your order will be filled as soon as a Vender trades their BNB for the price you gave.

Step 5 – Withdraw Binance Coin (BNB)

Unless you're regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an longer 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 stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're glad, click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Kudos! You have successfully bought and safed Binance Coin (BNB) in Rwanda.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the Binance Coin (BNB) is stored in your wallet, you are all done.