A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Saudi Arabia
Step 1 – Join Kraken In the beginning you'll need to buy one of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and getting your welcome Ethereum or Bitcoin.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Binance Coin (BNB) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find (BNB) Binance Coin As soon as your deposit has been confirmed, you'll immediately have access to your funds and you can begin purchasing and trading. To purchase (BNB) Binance Coin on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to locate Binance Coin (BNB), you'll need to put the short name of the asset (BNB) into the search-box, which is marked in the picture. Be certain of having choosen the right pairing, we've highlighted this too. Click on “BNB/BTC” to continue.
Step 4 – Buy (BNB) Binance Coin Once you've located (BNB) Binance Coin, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order. The “Price” field will be automatically filled with the recent price (BNB) Binance Coin was sold for. You can change this to your desired price. The “Amount” field is the volumen of BNB you like to purchase. The “Total” field is the total price in Bitcoin that you'll pay for the whole amount of BNB. If you are happy, make a mouse click on “Buy BNB”. Your order will be filled as soon as a Seller trades their BNB for the price you offered.
Step 5 – Withdraw Binance Coin (BNB) Unless you are frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive period of time. In order to take off your Binance Coin (BNB), go to the tab called “Funds” and mouse click on “Withdraw”. (BNB) Binance Coin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (BNB) Binance Coin by using the provided drop-down box. Enter the quantity of Binance Coin (BNB) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you're glad, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.