Buying your first Binance Coin can be stressful as you think of many things that can go wrong, but with a little help it will be easier than it looks.
Firstly, before choosing the right exchange for Binance Coin is important to research enough information across the web for any alerts of fraud or security problems on the exchange. You can also use our exchanges tab for Binance Coin where you can find a list of recommended exchanges.
Next, register with all your basic information. (first and last name, email, phone number,..)
After that, you’ll need to verify your identity with an ID card or passport, and finally you’ll set up a password and a phone number which will verify your identity when signing in or will help you with recovery in the case of a lost password.
If you would like to stay anonymous for your own reasons, some exchanges offer trading without disclosing private information. Some exchanges like Binance and Poloniex have a limit of withdrawal without verification but some are also unlimited (Etherdelta).
You’re all set! Now you can start buying Binance Coin! Now choose the payment option that suits you the most. Each payment option has different fees which can range between 1-4%. Usually most exchanges will support card or bank transfer and some even paypal for deposits. For buying altcoins you’ll need to first buy or deposit Bitcoin or Ethereum for buying cryptos like ripple or monero. For withdrawals you’ll need to navigate in your exchange interface to a withdrawal request and fill in your bank account information.
Our top pick exchange for Binance Coin would be Ftx and with the best price of Binance Coin is Ftx.
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Dear sir or madam, please tell me, which miner I need for mining Binance Coin. Best regards Zoran Savic
How about telling us specifically which kind of ASIC to use or what kind of encryption BNB uses so we can look it up ourselves?
So what algorithm is it? I doubt I can use a sha-256 asic miner so I assume by suggesting us to use an asic miner to mine bnb, you are referring to an etherium asic miner to use the ethash algorithm to mine bnb.. am I correct? Thanks for your reply in advance... If you do indeed reply.
The coin is great - The write-up on your page is awful; Bad grammar and words spelt wrong. Get a proof reader for goodness sake.