A Step-by-Step-Guide on how to buy Binance Coin (BNB) in United Arab Emirates
Step 1 – Join Kraken In the beginning you'll need to buy units of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Binance Coin (BNB) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you've selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Locate Binance Coin (BNB) Once your deposit has been verified, you'll directly have access to your finances and you can initiate purchasing and trading. To buy Binance Coin (BNB) on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”. In order to discover (BNB) Binance Coin, you'll need to put the cointype (BNB) into the search-box, which is highlighted in the picture. Make sure you have selected the right pairing, we have highlighted this too. Click on “BNB/BTC” to continue.
Step 4 – Buy Binance Coin (BNB) As soon as you've found (BNB) Binance Coin, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are making our Limit Order. The “Price” field will be filled with the most up-to-date price (BNB) Binance Coin was sold for. You can change this to your favoured price. The “Amount” field is the amount of BNB you want to buy. The “Total” field is the whole price in Bitcoin that you'll pay for the complete quantity of BNB. If you're happy, click on “Buy BNB”. Your order will be filled when a Vender trades their BNB for the price you introduced.
Step 5 – Withdraw (BNB) Binance Coin Unless you're frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your Binance Coin (BNB), hover over the “Funds” tab and mouse click on “Withdraw”. (BNB) Binance Coin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Binance Coin (BNB) by using the given drop-down box. Drop in the volumen of Binance Coin (BNB) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you are satisfied, click “Submit”. You may be asked for phone/email verification before a withdrawal.