How to Buy Binance Coin (BNB) in Timor-Leste

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum (ETH) or Bitcoin (BTC) has 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 illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find Binance Coin (BNB)

Once your deposit has been confirmed, you will instantly have access to your finances and you can commence invest and trading. To invest in Binance Coin (BNB) on Binance, you will want to go to the “Exchange” tab and click on “Basic”.

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

Step 4 – Buying Binance Coin (BNB)

After you've found (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). Next we are creating our own Limit Order.

The “Price” field will be filled automatically with the most latest rate Binance Coin (BNB) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of BNB you want to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the complete amount of BNB.

If you're happy, make a mouse click on “Buy BNB”. Your plan will be filled as soon as a Seller trades their BNB for the price you gave.

Step 5 – Withdraw (BNB) Binance Coin

Unless you're frequently trading, never keep your crypto coins on an Crypto Trader for an extended period of time. To take off your (BNB) Binance Coin, hover over the “Funds” tab and mouse click on “Withdraw”. (BNB) Binance Coin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance Coin (BNB) by using the provided drop-down box. Put into the volumen of (BNB) Binance Coin you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

If you are glad, click “Submit”. You may be requested for verfication via phone/email ahead of a take off.

Congratulations! You have successfully bought and safed Binance Coin (BNB) in Timor-Leste.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (BNB) Binance Coin is stored inside your wallet, you're finished.