How to buy $BNB and transfer it to a decentralized cryptocurrency wallet (Metamask)

Dhemz

Last Update 2 jaar geleden

1. Log in to your centralized exchange account (Binance, Bitvavo, KuCoin, Coinbase, etc.)

2. Check the price of 1 $OBT on PancakeSwap here ($0.014 per 1 x $OBT as of the time of this tutorial - 1000 $OBT = $14)

3. On your centralized cryptocurrency exchange (Binance, Bitvavo, KuCoin, Coinbase, etc.) purchase $BNB for the amount you will later trade for $OBT + ~$2 for transaction fees (e.g. for 1000 $OBT you will need $14 + $2 for blockchain transaction fees = $16 in total)

4. If you don’t have a decentralized cryptocurrency wallet like Metamask you can follow this tutorial in order to create one

5. Unlock your Metamask wallet.

6. Click on the blockchain dropdown on the top showing "Ethereum Mainnet".

7. If "Smart Chain" / "Binance Smart Chain" is unavailable from the list of available networks click "Add Network" and provide the following details:

8. Copy your Binance Smart Chain wallet address from Metamask (on the top starting with "0x").
9. Go back to your centralized exchange (Binance, Bitvavo, KuCoin, Coinbase, etc) and withdraw the available $BNB to your Metamask wallet address via Binance Smart Chain (Example with the withdrawal process in Binance).
10. Follow any extra steps related to two-factor authentication during the withdrawal process.

11. That’s it! You should receive the $BNB amount in your Metamask wallet.🎉

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