How to Buy Binance Coin (BNB) in Senegal

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

Step 1 – Join Kraken

You'll first need to buy one of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange 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 sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you have chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate (BNB) Binance Coin

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

In order to find Binance Coin (BNB), you will need to put the shortname of the coin (BNB) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we've highlighted this also. Click on “BNB/BTC” to go on.

Step 4 – Purchasing (BNB) Binance Coin

After you've found Binance Coin (BNB), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're creating our Limit Order.

The field with the “Price” tag will be filled automatically with the recent tariff Binance Coin (BNB) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of BNB you want to buy. The “Total” field is the total price in BTC that you will settle for the whole volumen of BNB.

When you are glad, click on “Buy BNB”. Your order will be filled when a Vender sells their BNB for the price you submitted.

Step 5 – Withdraw Binance Coin (BNB)

Unless you are frequently trading, never keep your coins on an Crypto Exchange for an longer period of time. In order to take off your (BNB) Binance Coin, go to the tab called “Funds” and click on “Withdraw”. Binance Coin (BNB) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BNB) Binance Coin by using the given drop-down box. Drop in the amount of (BNB) Binance Coin you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

If you are satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Congrats! You have successfully bought and stored Binance Coin (BNB) in Senegal.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the Binance Coin (BNB) is stored in your wallet, you're all done.