A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Svalbard
Step 1 – Join Coinbase – Get Free $10 You'll first need to purchase one of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and receive your first 10 Dollar.
Step 2 – Transmit Your Funds to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Binance Coin (BNB) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have selected the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find Binance Coin (BNB) As soon as your deposit has been confirmed, you will directly have access to your funds and you can commence invest and trading. To buy (BNB) Binance Coin on Binance, you will want to go to the “Exchange” tab and click on “Basic”. In order to find (BNB) Binance Coin, you will need to put the short name of the asset (BNB) into the search box, which is highlighted in the picture. Make sure you have selected the correct pairing, we've highlighted this also. Click on “BNB/BTC” to progress.
Step 4 – Purchase (BNB) Binance Coin As soon as you have found (BNB) Binance Coin, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are making our own Limit Order. The “Price” field will be filled automatically with the most recent price (BNB) Binance Coin was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of BNB you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete amount of BNB. When you're happy, click on “Buy BNB”. Your plan will be filled when a Vendor sells their BNB for the price you offered.
Step 5 – Withdraw (BNB) Binance Coin Unless you're regularly trading, you should never keepyour crypto on an Crypto Trader for an longer period of time. To withdraw your Binance Coin (BNB), hover over the “Funds” tab and mouse click on “Withdraw”. (BNB) Binance Coin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Binance Coin (BNB) by using the given drop-down box. Enter the amount of (BNB) Binance Coin you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.