How to Buy Binance Coin (BNB) in Venezuela

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and to get your welcome Bitcoin or Ethereum.

Step 2 – Transmit Your Funds to an Cryptocurrency Exchange

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

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're 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 invest and trading. To invest in (BNB) Binance Coin on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to find Binance Coin (BNB), you will need to put the cointype (BNB) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we've highlighted this also. Click on “BNB/BTC” to continue.

Step 4 – Acquisition of (BNB) Binance Coin

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

The field with the “Price” tag will be automatically filled with the latest rate (BNB) Binance Coin was sold for. You can change this to your preferred price. The “Amount” field is the quantity of BNB you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete amount of BNB.

When you're glad, make a mouse click on “Buy BNB”. Your order will be filled as soon as a Vender trades their BNB for the price you introduced.

Step 5 – Withdraw (BNB) Binance Coin

Unless you are trading, never keep your crypto on an Crypto Trader for an longer time period. To take off your Binance Coin (BNB), go to the tab called “Funds” and click on “Withdraw”. Binance Coin (BNB) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Binance Coin (BNB) by using the provided drop-down box. Drop in the volumen of Binance Coin (BNB) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you're happy, make a mouse click on “Submit”. You could be asked for email/phone verification before a withdrawal.

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

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your take off with Ethplorer.io or Etherscan.io and the (BNB) Binance Coin is safe within your wallet, you are all done.