How to Buy Binance Coin (BNB) in New Zealand

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

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to buy units of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and getting your first 10$.

Step 2 – Send Your Funds to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Binance Coin (BNB) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to)

Make sure you've selected the exact coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate Binance Coin (BNB)

As soon as your deposit has been confirmed, you'll now have access to your finances and you can initiate invest and trading. To invest in Binance Coin (BNB) on Binance, you will want to hover over the tab which is calledExchangeand then mouse click onBasic”.

In order to spot Binance Coin (BNB), you will need to insert the shortname of the coin (BNB) into the search-box, which is marked in the graphic. Make sure you have selected the proper pairing, we have marked this too. Click onBNB/BTCto continue.

Step 4 – Purchase Binance Coin (BNB)

Once you've spotted (BNB) Binance Coin, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we are creating our own Limit Order.

ThePricefield will be filled automatically with the most recent tariff Binance Coin (BNB) was traded for. You can change this to your favoured rate. The field with theAmounttag is the volumen of BNB you like to buy. TheTotalfield is the aggregated price in BTC that you will pay for the whole amount of BNB.

If you are happy, make a mouse click onBuy BNB”. Your plan will be filled as soon as a Vendor sells their BNB for the price you offered.

Step 5 – Withdraw (BNB) Binance Coin

Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer time period. In order to take off your Binance Coin (BNB), hover over theFundstab and mouse click onWithdraw”. (BNB) Binance Coin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BNB) Binance Coin by using the provided drop-down box. Drop in the quantity of (BNB) Binance Coin you would like to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you are glad, click onSubmit”. You may be requested for email/phone verification before a take off.

Kudos! You have successfully bought and stored (BNB) Binance Coin in New Zealand.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the (BNB) Binance Coin is stored in your wallet, you are done.