How to Buy Binance Coin (BNB) in Australia

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

Step 1 – Signup to Coinmama

You will first need to purchase units of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and getting your Bitcoin or Ethereum.

Binance Signup
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Binance Coin (BNB) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you've selected the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

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

As soon as your deposit has been approved, you will directly have access to your funds and you can launch invest and trading. To invest in {Binance Coin (BNB)|(BNB) Binance Coin} on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”.

To locate {Binance Coin (BNB)|(BNB) Binance Coin}, you will need to insert the shortname of the coin (BNB) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we've highlighted this also. Click on “BNB/BTC” to go on.

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

Once 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 (on the Left of the image). And now we're creating our own Limit Order.

The ”Price” field will be filled with the recent price {Binance Coin (BNB)|(BNB) Binance Coin} was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of BNB you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole amount of BNB.

If you are glad, click on “Buy BNB”. Your order will be filled as soon as a Seller trades their BNB for the price you offered.

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

Unless you're trading, never keep your crypto coins on an Crypto Trader for an longer period of time. To withdraw your {Binance Coin (BNB)|(BNB) Binance Coin}, go to the tab called “Funds” and click on “Withdraw”. {Binance Coin (BNB)|(BNB) Binance Coin} can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Binance Coin (BNB)|(BNB) Binance Coin} by using the provided drop-down box. Put into the volumen of {Binance Coin (BNB)|(BNB) Binance Coin} you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address.

If you're glad, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Kudos! You have successfully bought and safed Binance Coin (BNB) in Australia.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the {Binance Coin (BNB)|(BNB) Binance Coin} is stored inside your wallet, you're done.

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