#Binance coin how to

Now that you can buy Binance Coin you need to learn how to store it and other cryptos safely. You can either place a market order, which will scoop up your desired number of BNB for the going rate, or you can place a limit order, which will wait until the price reaches a certain limit to execute the trade. There are a few options when it comes to placing an order on Binance for BNB and other tokens alike. Now that you’ve gotten your account set up and your wallets picked out for your use case and security preferences, it’s time to make your purchase. There are a few options for BNB, all of which happen to be software wallets. However, the best practice is to move any large sums of money to a wallet that you manage the private key for.

If you’re a frequent user of Binance and transact in BNB frequently, then it makes sense to store some of your position on your BNB exchange wallet. Once you’ve set up your Binance or account and before you purchase your desired amount of BNB tokens, you’ll have to choose where you want to store them based on your use case. exchanges and means uploading your Social Security number, driver’s license and some biometric information to confirm your identity. resident, however, you will have to sign up for a account and comply with know your customer (KYC) standards. You can purchase the BNB token from, you guessed it, Binance! If you’re a U.S.