A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Samoa
Step 1 – Signup to Kraken You'll first need to buy units of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and receive your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Binance Coin (BNB) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Binance Coin (BNB) As soon as your deposit has been verified, you'll instantly have access to your funds and you can launch invest and trading. To invest in Binance Coin (BNB) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to discover Binance Coin (BNB), you will need to put the cointype (BNB) into the search-box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've highlighted this too. Click on “BNB/BTC” to go on.
Step 4 – Buying Binance Coin (BNB) After you have located Binance Coin (BNB), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the latest tariff Binance Coin (BNB) was sold for. You can change this to your preferred rate. The “Amount” field is the volumen of BNB you want to purchase. The “Total” field is the total price in BTC that you will settle for the complete volumen of BNB. When you're happy, make a mouse click on “Buy BNB”. Your plan will be filled as soon as a Vendor trades their BNB for the price you submitted.
Step 5 – Withdraw (BNB) Binance Coin Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an extensive time period. In order to withdraw your (BNB) Binance Coin, go to the tab called “Funds” and click on “Withdraw”. Binance Coin (BNB) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Binance Coin (BNB) by using the given drop-down box. Enter the amount of Binance Coin (BNB) you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you're happy, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.