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How to buy Binance Coin (BNB) in USA: A Step-by-Step Guide

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  • George Shnurenko
    Binance coin (BNB) guide

    Binance – this is probably the first exchanger, which has a native currency, called BNB.

How to buy Binance Coin (BNB) in USA: A Step-by-Step Guide
Cover image via u.today

Introduction

Step 1: Opening the «Deposit» Page

On the control panel (front page, which opens at the entrance to the stock exchange), need to go to the “Deposit” on the appropriate button. There is also a tab “Funds” in the upper right corner from the right.

Step 2: Select the type of coins that you want to display

Find the type of coins that you want to withdraw from the stock exchange by clicking on the “Deposit” button. It has to be in front of the currency that you need to bring. It is important. If you need a Bitcoin (BTC), make sure that their deposit you clicked. If desired coin is not listed, use search to accelerate the process.

Step 3: Generate address and money transfer

The address specified in the field “The BTC deposit address” must be generated by your own. This is the case if you use the BTC. If we use this figure for other exchanges purse within Binance, enter the email address relevant BTC encoding.

Step 4: View account statements

History of operating an account is available in the “Funds”, which displays events and contributions.

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Where to spend the coin?

Binance – this is probably the first exchanger, which has a native currency, called BNB. It allows you to pay the types of fees in the bank Binance systems that involve the following:

  • Fees associated with the purchase/sale of coins.
  • Earning commissions.
  • Listing Fees.

Using this type of money, you can pay for these costs with a discount of 50% on the first year of operation of the system. Schedule of discounts due to BNB:

In addition, you use the BNB for investments in ICO, which are charged to the account within Binance Exchange. It has its own in the management of ICO platform for investment and deposit procedure takes less than a minute!

Crypto Trading On Binance

Thus, having received information about a new type of coins, you can buy them in Binance Exchange. It will be shown how to withdraw money from an account in the stock exchange, to the exchange of process affects other types of currency and coins.

Binance – is a Chinese platform, which has proved itself with the best hand, but it has competition. This is normal in the economic relations, where there is no room monopoly. Now the exchange does not require time and effort, it is a pleasure to withdraw money. Coins have appeared earlier than were introduced for similar exchanges. There are Binance Labs, which supports the conclusions of the system working as blockchain incubator. To implement the ideas are funded Binance token ($BNB), which is suitable for reducing merchant fees.

It is worth noting that the financial transactions between the types of exchanges take a little more time. BTC requires double confirmation, and requests as much as six LTC operations before output. Be patient!

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Step 1:

Sign in Binance https://www.binance.com system. Right at the top there is a button “Register or log in”.

Step 2:

Enter all the information and provide the login.

Step 3:

Go to “Tools” and click “Deposit”.

Step 4:

  • Overview of the content.
  • What is Binance?
  • Getting started with the exchange.
  • How to obtain a paper wallet?
  • Binary coins.
  • How to buy Binance coins?
  • Latest updates and news.

Sign in to the page of any coin to use it to enter the money in your account. I always introduce LTC for translation, and then use the BTC for transfer into the desired currency. At the same savings time of more than usual. Copy and paste the address bar to send money to the purse.

Step 5:

Click on the “Share” button and select “Basic or Advanced”. This is a basic guide to the withdrawal of funds. To the right is a special navigation to find their pair of coins.

Step 6:

The exchange is made. Here you can sell or buy the money that you need. Enter the amount that you need to specify the percentage that will be automatically calculated system for the transaction on your wallet.

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About the author

George Shnurenko is a Bitcoin and cryptocurrency enthusiast, financial analyst and writer. He's majoring in history but he believes that the digital currency which has taken the world by storm will bring about change to all us humans. 

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Ripple's Partner Wants to Transform Gaming Industry with XRP

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  • Alex Dovbnya
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    Forte reveals the benefits of using Ripple's XRP for creating digital economies

Ripple's Partner Wants to Transform Gaming Industry with XRP
Cover image via u.today

San Francisco-based company Forte, which formed a $100 mln fund in partnership with Ripple's investment arm Xpring back in March, keeps working on applying the blockchain technology in gaming.

Recently, Forte co-founder Brett Seyler explained the benefits of using XRP.  

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Blockchain-based gaming economies  

Forte is helmed by top-tier industry executives (including its founding CEO Kevin Chou) who are not focused on creating new powerful economies within the $140 bln gaming while making it more decentralized. 

There have been multiple attempts at creating a killer gaming dApp, but the technology is still way too cumbersome for the average Joe. Forte wants to address the adoption problem by making such games more approachable.       

“Creating game economies with multi-sided participation, open markets and increased transparency offer a potent solution to the challenge of the complexity plaguing game developers that result in stagnant economy design,” said Seyler.  

Blockchain is a perfect tool for creating peer-to-peer gaming economies since it could make in-game transactions easy, fast, and transparent.       

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The impact of XRP  

In order to make the magic happen, Forte utilizes the Interledger protocol (ILP) that was created by former Ripple CTO Stephan Thomas for establishing connections between multiple blockchains. 

On top of that, the startup also uses XRP for increasing the level of interoperability as well as security and liquidity.  

Since its inception, Xpring invested more than $500 mln in around 20 companies to streamline the adoption of XRP.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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