How to Buy Binance Coin (BNB) in Tonga

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

Step 1 – Signup to Kraken

You will first need to purchase one of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Bitcoin or Ethereum to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Binance Coin (BNB) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate Binance Coin (BNB)

As soon as your deposit has been approved, you will now have access to your assets and you can launch purchasing and trading. To invest in Binance Coin (BNB) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

To spot (BNB) Binance Coin, you will need to insert the short name of the asset (BNB) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “BNB/BTC” to progress.

Step 4 – Buy Binance Coin (BNB)

As soon as you have found Binance Coin (BNB), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're creating our own Limit Order.

The “Price” field will be filled with the most recent valuation Binance Coin (BNB) was sold for. You can change this to your favoured rate. The “Amount” field is the quantity of BNB you wish to buy. The “Total” field is the aggregated price in BTC that you'll pay for the whole volumen of BNB.

If you're glad, click on “Buy BNB”. Your plan will be filled as soon as a Vendor sells their BNB for the price you gave.

Step 5 – Withdraw (BNB) Binance Coin

Unless you are regularly trading, you should never keepyour crypto on an Crypto Exchange for an extensive time period. In order to withdraw your (BNB) Binance Coin, go to the tab called “Funds” and click on “Withdraw”. (BNB) Binance Coin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BNB) Binance Coin by using the given drop-down box. Enter the quantity of (BNB) Binance Coin you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

If you're satisfied, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Kudos! You have successfully purchased and stored Binance Coin (BNB) in Tonga.

That's it!

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