How to Buy sBNB (SBNB) in Austria

A Step-by-Step-Guide on how to buy sBNB (SBNB) in Austria

Step 1 – Signup to Coinmama

In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and getting your Ethereum or Bitcoin.

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

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. sBNB (SBNB) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find {sBNB (SBNB)|(SBNB) sBNB}

Once your deposit has been verified, you will instantly have access to your funds and you can start purchasing and trading. To invest in {sBNB (SBNB)|(SBNB) sBNB} on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”.

To discover {sBNB (SBNB)|(SBNB) sBNB}, you will need to put the cointype (SBNB) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this too. Click on “SBNB/BTC” to progress.

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

After you have located {sBNB (SBNB)|(SBNB) sBNB}, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the most recent rate {sBNB (SBNB)|(SBNB) sBNB} was sold for. This can be changed to your favoured price. The ”Amount” field is the quantity of SBNB you want to purchase. The ”Total” field is the aggregated price in BTC that you'll settle for the whole quantity of SBNB.

If you are happy, click on “Buy SBNB”. Your plan will be filled when a Seller trades their SBNB for the price you submitted.

Step 5 – Withdraw {sBNB (SBNB)|(SBNB) sBNB}

Unless you are regularly trading, best advise is not to keep crypto on an Crypto Trader for an longer time period. To withdraw your {sBNB (SBNB)|(SBNB) sBNB}, go to the ”Funds” tab and mouse click on “Withdraw”. {sBNB (SBNB)|(SBNB) sBNB} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {sBNB (SBNB)|(SBNB) sBNB} by using the provided drop-down box. Put into the amount of {sBNB (SBNB)|(SBNB) sBNB} you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

If you are happy, click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Congratulations! You have successfully bought and safed sBNB (SBNB) in Austria.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the {sBNB (SBNB)|(SBNB) sBNB} is safe inside your wallet, you are finished.

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