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How to Buy BNB on Binance App: A Step-by-Step Guide
Aicha Vitalis2024-09-22 02:06:09【block】1people have watched
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Binance, one of the largest cryptocurrency exchanges in the world, offers a user-friendly mobile app that allows users to buy, sell, and trade various cryptocurrencies, including Binance Coin (BNB). If you're looking to purchase BNB on the Binance app, you've come to the right place. In this article, we will provide you with a step-by-step guide on how to buy BNB on the Binance app.
Before you start, make sure you have the Binance app installed on your smartphone. You can download it from the Apple App Store or Google Play Store. Once you have the app installed, follow these steps to buy BNB on Binance app:
1. Create an account on Binance:
- Open the Binance app and tap on "Sign Up."
- Enter your email address, create a password, and agree to the terms and conditions.
- Verify your email address by clicking on the verification link sent to your inbox.
- Complete the account verification process by providing your full name, date of birth, and phone number. This step is crucial to comply with the exchange's know-your-customer (KYC) policy.
2. Deposit funds into your Binance account:
- Once your account is verified, go to the "Funds" section in the app.
- Tap on "Deposit" and select the cryptocurrency you want to deposit, such as Bitcoin (BTC) or Ethereum (ETH).
- Copy the deposit address and use it to transfer funds from your external wallet or exchange.
- Wait for the transaction to be confirmed, which may take a few minutes to several hours, depending on the network congestion.
3. Buy BNB on Binance app:
- Go back to the main screen of the app and tap on "Trade."
- Select "Spot" trading, which allows you to buy and sell cryptocurrencies with fiat currency.
- Enter "BNB" in the search bar and select it from the list of available cryptocurrencies.
- Choose the trading pair you want to trade, such as BNB/BTC or BNB/ETH.
- Decide on the amount of BNB you want to buy or the price at which you want to buy it. You can choose from various order types, such as market, limit, or stop limit.
- Review your order and tap "Buy BNB" to execute the trade.
4. Store your BNB securely:
- Once you have purchased BNB, it's essential to move it to a secure wallet to protect your assets from potential hacks or theft.
- Go to the "Funds" section in the app and tap on "Withdraw."
- Select "BNB" as the cryptocurrency you want to withdraw and enter your wallet address.
- Enter the amount of BNB you want to withdraw and tap "Submit."
- Confirm the withdrawal by entering your 2FA code or email verification, depending on your security settings.
In conclusion, buying BNB on the Binance app is a straightforward process that involves creating an account, verifying your identity, depositing funds, and executing a trade. By following the steps outlined in this guide, you can easily purchase BNB on the Binance app and start trading or using it for various purposes, such as paying for transaction fees on the Binance Smart Chain or participating in token sales.
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