A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Singapore
Step 1 – Join Kraken You will first need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and receive your welcome Ethereum or Bitcoin.
Step 2 – Transmit Your Funds to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Binance Coin (BNB) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you have chosen the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find (BNB) Binance Coin Once your deposit has been approved, you'll now have access to your finances and you can commence purchasing and trading. To invest in (BNB) Binance Coin on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”. To locate (BNB) Binance Coin, you'll need to insert the cointype (BNB) into the search box, which is highlighted in the picture. Make sure you have selected the proper pairing, we have highlighted this too. Click on “BNB/BTC” to advance.
Step 4 – Purchase (BNB) Binance Coin As soon as you've located Binance Coin (BNB), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent valuation (BNB) Binance Coin was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of BNB you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete amount of BNB. If you are glad, click on “Buy BNB”. Your order will be filled when a Vender sells their BNB for the price you introduced.
Step 5 – Withdraw (BNB) Binance Coin Unless you are regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extended period of time. In order to take off your Binance Coin (BNB), go to the “Funds” tab and click on “Withdraw”. Binance Coin (BNB) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Binance Coin (BNB) by using the provided drop-down box. Put into the volumen of Binance Coin (BNB) you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you're happy, click “Submit”. You may be requested for verfication via phone/email before a take off.