How to Buy Binance Coin (BNB) in Armenia

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

Step 1 – Join Coinmama

You will first need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and to get your Bitcoin or Ethereum.

Binance Signup
Step 2 – Send Your Funds to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Binance Coin (BNB) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate {Binance Coin (BNB)|(BNB) Binance Coin}

Once your deposit has been affirmed, you will instantly have access to your finances and you can initiate purchasing and trading. To invest in {Binance Coin (BNB)|(BNB) Binance Coin} on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”.

In order to discover {Binance Coin (BNB)|(BNB) Binance Coin}, you will need to insert the short name of the asset (BNB) into the search box, which is marked in the graphic. Make sure you have choosen the right pairing, we have marked this too. Click on “BNB/BTC” to proceed.

{How to buy Coin on Binance 1|Binance How To Buy 1} Binance Coin (BNB)
Step 4 – Purchasing {Binance Coin (BNB)|(BNB) Binance Coin}

As soon as you have discovered {Binance Coin (BNB)|(BNB) Binance Coin}, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to make our own Limit Order.

The ”Price” field will be filled with the recent rate {Binance Coin (BNB)|(BNB) Binance Coin} was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of BNB you want to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete quantity of BNB.

When you're happy, make a mouse click on “Buy BNB”. Your plan will be filled as soon as a Seller sells their BNB for the price you introduced.

Step 5 – Withdraw {Binance Coin (BNB)|(BNB) Binance Coin}

Unless you're regularly trading, you should never keepyour coins on an Crypto Exchange for an extensive period of time. To take off your {Binance Coin (BNB)|(BNB) Binance Coin}, hover over the ”Funds” tab and click on “Withdraw”. {Binance Coin (BNB)|(BNB) Binance Coin} can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Binance Coin (BNB)|(BNB) Binance Coin} by using the given drop-down box. Put into the volumen of {Binance Coin (BNB)|(BNB) Binance Coin} you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

If you're happy, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Congrats! You have successfully purchased and safed Binance Coin (BNB) in Armenia.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the {Binance Coin (BNB)|(BNB) Binance Coin} is safe in your wallet, you're done.

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