How to Buy Binance Coin (BNB) in Tanzania

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

Step 1 – Join Kraken

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

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Binance Coin (BNB) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you have selected the correct coin you want to deposit.

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

Step 3 – Find Binance Coin (BNB)

Once your deposit has been confirmed, you'll now have access to your funds and you can commence purchasing and trading. To purchase (BNB) Binance Coin on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”.

To locate Binance Coin (BNB), you'll need to put the cointype (BNB) into the search box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we have marked this too. Click on “BNB/BTC” to progress.

Step 4 – Acquisition of Binance Coin (BNB)

Once you've spotted Binance Coin (BNB), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to create our Limit Order.

The “Price” field will be automatically filled with the most up-to-date rate Binance Coin (BNB) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of BNB you like to buy. The “Total” field is the aggregated price in Bitcoin that you'll pay for the whole volumen of BNB.

If you're glad, make a mouse click on “Buy BNB”. Your plan will be filled when a Seller trades their BNB for the price you submitted.

Step 5 – Withdraw (BNB) Binance Coin

Unless you're frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your Binance Coin (BNB), hover over the tab called “Funds” and click on “Withdraw”. (BNB) Binance Coin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Binance Coin (BNB) by using the given drop-down box. Drop in the quantity of Binance Coin (BNB) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you are satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.

Congratulations! You have successfully purchased and safed Binance Coin (BNB) in Tanzania.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). Once you've proved your take off using Ethplorer.io or Etherscan.io and the Binance Coin (BNB) is stored in your wallet, you are done.