How to Buy Binance Coin (BNB) in Sao Tome And Principe

A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Sao Tome And Principe

Step 1 – Join Kraken

You'll first need to purchase one of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency 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 similar. Binance Coin (BNB) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find (BNB) Binance Coin

As soon as your deposit has been approved, you'll now have access to your finances and you can initiate purchasing and trading. To purchase Binance Coin (BNB) on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”.

To discover Binance Coin (BNB), you'll need to insert the cointype (BNB) into the search box, which is marked in the picture. Be certain of having choosen the right grouping, we've highlighted this too. Click on “BNB/BTC” to go on.

Step 4 – Acquisition of Binance Coin (BNB)

After you've discovered Binance Coin (BNB), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the recent valuation (BNB) Binance Coin was traded for. You can change this to your preferred price. The “Amount” field is the amount of BNB you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete amount of BNB.

If you are satisfied, make a mouse click on “Buy BNB”. Your order will be filled when a Vender trades their BNB for the price you offered.

Step 5 – Withdraw (BNB) Binance Coin

Unless you're trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time period. In order to take off your (BNB) Binance Coin, hover over the tab called “Funds” and mouse click on “Withdraw”. Binance Coin (BNB) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance Coin (BNB) by using the given drop-down box. Drop in the volumen of Binance Coin (BNB) you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

If you are happy, click “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.

Kudos! You've successfully purchased and safed Binance Coin (BNB) in Sao Tome And Principe.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Binance Coin (BNB) is safe inside your wallet, you are done.