How to Buy Binance Coin (BNB) in Venezuela

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first 10 Dollar.

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Binance Coin (BNB) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

Make sure you have selected the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find (BNB) Binance Coin

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

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

Step 4 – Purchase Binance Coin (BNB)

After you have spotted Binance Coin (BNB), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date rate Binance Coin (BNB) was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of BNB you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete amount of BNB.

If you are happy, click on “Buy BNB”. Your plan will be filled when a Vender trades their BNB for the price you offered.

Step 5 – Withdraw Binance Coin (BNB)

Unless you're trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time period. To withdraw your Binance Coin (BNB), go to the tab called “Funds” and click on “Withdraw”. (BNB) Binance Coin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BNB) Binance Coin by using the given drop-down box. Drop in the amount of Binance Coin (BNB) you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you are satisfied, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Congrats! You have successfully bought and stored Binance Coin (BNB) in Venezuela.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (BNB) Binance Coin is safe in your wallet, you're finished.