A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Dominica
Step 1 – Join Coinbase and recieve 10$ for free You will first need to purchase one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and getting your first 10 Dollar.
Step 2 – Transfer Your Funds to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Binance Coin (BNB) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Locate Binance Coin (BNB) Once your deposit has been approved, you will immediately have access to your finances and you can launch purchasing and trading. To invest in Binance Coin (BNB) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To discover (BNB) Binance Coin, you will need to insert the short name of the asset (BNB) into the search-box, which is marked in the image. Make sure you have selected the correct grouping, we've highlighted this also. Click on “BNB/BTC” to go on.
Step 4 – Buying Binance Coin (BNB) Once you've discovered Binance Coin (BNB), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are making our own Limit Order. The “Price” field will be filled with the recent tariff (BNB) Binance Coin was sold for. You can change this to your favoured rate. The “Amount” field is the volumen of BNB you like to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the whole amount of BNB. If you are satisfied, click on “Buy BNB”. Your plan will be filled when a Vendor sells their BNB for the price you offered.
Step 5 – Withdraw Binance Coin (BNB) Unless you're trading, never keep your coins on an Exchange for an longer time frame. To take off your (BNB) Binance Coin, go to the “Funds” tab and mouse click on “Withdraw”. (BNB) Binance Coin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Binance Coin (BNB) by using the provided drop-down box. Put into the amount of Binance Coin (BNB) you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, make a mouse click on “Submit”. You could be asked for email/phone verification before a take off.