How to Buy Binance Coin (BNB) in Slovakia

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and to get your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your Funds 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 available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Find (BNB) Binance Coin

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

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

Step 4 – Purchase (BNB) Binance Coin

After you have discovered (BNB) Binance Coin, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to create our Limit Order.

The “Price” field will be filled automatically with the most up-to-date price (BNB) Binance Coin was sold for. This can be changed to your desired price. The “Amount” field is the volumen of BNB you wish to purchase. The “Total” field is the aggregated price in BTC that you will settle for the whole quantity of BNB.

When you're satisfied, make a mouse click on “Buy BNB”. Your plan will be filled as soon as a Vendor sells their BNB for the price you introduced.

Step 5 – Withdraw Binance Coin (BNB)

Unless you are frequently trading, best advise is not to keep your crypto coins on an Exchange for an extensive time frame. In order to take off your (BNB) Binance Coin, go to the tab called “Funds” and mouse click on “Withdraw”. Binance Coin (BNB) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Binance Coin (BNB) by using the provided drop-down box. Put into the quantity of (BNB) Binance Coin you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

When you're satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification before a take off.

Kudos! You have successfully purchased and safed (BNB) Binance Coin in Slovakia.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the Binance Coin (BNB) is safe within your wallet, you're done.