We’ve put together this quick step-by-step guide to show you how to buy Wrapped BNB (WBNB) using US Dollar.
Robinhood also has the same limitations as Paypal (or Venmo) where they “don’t currently provide you with access to your wallet or your wallet address” which means they do not offer a way for your to transfer your crypto out of Robinhood. All you need to do is click on the “Prices” option in the top menu bar and you’ll see a list of all the supported cryptocurrencies on Coinbase. To use a bank account, you’ll just need to select you back account, give Coinbase some information about the account, and then waiting for the account to be verified.
Step Four: Make your first purchase of Wrapped BNB (WBNB)
This is 100% so you can setup your Two-factor authentication (2FA) to make your account even more secure. We have never seen a spam message came from this, rather it is only used to login to your account and alert you to any major account changes. In the United States we are given the option to fund our Coinbase account with either a Credit Card or Bank Account.
After your transfer of your crypto from Coinbase to your exchange’s wallet is confirmed, you’ll want to initiate a trade of that specific cryptocurrency for Wrapped BNB (WBNB). We’ve found using a credit card is the fastest way to fund your account, however you will have a lower deposit limit. Also be sure to check with your credit card company as some companies actually charge a fee or highest interest for purchasing cryptocurrency using a credit card. Limit price says you want to purchase a certain amount of Wrapped BNB (WBNB) at a specific price.
Learn how to buy Wrapped BNB in the United States (with USD)
If you want to learn how to buy more cryptocurrencies, here is our library of guides on how to buy cryptocurrency with USD. A word of advice, now that you’ve made your first investment in Wrapped BNB (WBNB), you should MAKE SURE to track your investment. Even though the exchange you purchased Wrapped BNB at does this for you, using a third-party website or app makes it a whole lot easier. You’ve purchased Wrapped BNB (WBNB) using USD with the help of another crypto exchange. Fill out how much US Dollar you’d like to invest in and click the “Buy” button and … If you already have a Coinbase account with your funding method setup, click here to skip to step three.
Now you need to send that purchased cryptocurrency to your new exchange’s wallet. Since we don’t want to miss any steps in this important process, click here to view the official how-to guide from Coinbase on transferring your currency to another wallet. To buy Wrapped BNB using USD (US Dollar) you will have to use a cryptocurrency exchange or financial service that supports funding via either your bank account or credit card.
- As with more sign-up processes, the next step will be Coinbase sending you an email to verify your email address.
- Now you need to send that purchased cryptocurrency to your new exchange’s wallet.
- After your transfer of your crypto from Coinbase to your exchange’s wallet is confirmed, you’ll want to initiate a trade of that specific cryptocurrency for Wrapped BNB (WBNB).
- Since we don’t want to miss any steps in this important process, click here to view the official how-to guide from Coinbase on transferring your currency to another wallet.
Sometimes this verification is automatic depending on the relationship Coinbase has with your banking institution, otherwise it might take a few days as Coinbase will make a couple small deposits in your account that you’ll need to verify. To add a payment method to your account, you can either click on the “Add payment method” box that appears at the top of the main screen on Coinbase, or click on your profile photo then settings then payment methods. As with more sign-up processes, the next step will be Coinbase sending you an email to verify your email address. Once you receive the email just click on the link and you should now have access to your Coinbase account. Once you are at their website you’ll need to enter your email address in the get started box. Make sure that this is both an email address you have access to and also one that you consider the most secure as you’ll use this to sign in and manage your cryptocurrencies.
Step by step guide on how to buy Wrapped BNB (WBNB) cryptocurrency with USD
If the price of WBNB gets to that price your order will be processed. Remember, with how volatile the market is, there is no guarantee the price will drop to your limit price. What we need to do next is just purchase another cryptocurrency and then transfer it to an exchange that currently supports trading WBNB.
It might take a few minutes to process and validate your identity, but once the process is complete you are ready to fund your Coinbase account. Next you should see a pop-up asking you for a few more account details such as your first and last name, re-confirming your email address (really annoying as sometimes this will show up as blank), setting a password, and the state you live in. You also need to be at least years of age to sign up for an account.
Step Three: You’ll need to purchase another cryptocurrency first (Bitcoin, Litecoin, Ethereum) before Wrapped BNB (WBNB)
When funding using a bank account you’ll have more purchasing (buying) power than a credit card. There is nothing wrong with purchasing at this price, but if you think the price will drop or wanted to get it at a lower price, then look at the limit price. As with the whole account process, Coinbase made the purchase of a cryptocurrency very simple and straight-forward.
Step Two: Add a payment (funding) method to your Coinbase account
Once you’ve completed that portion, the next step will be a photo verification. Since we are discussing how to purchase [coin] [symbol] using US Dollar, we are assuming you are a US resident. If that’s the case you can either upload your Driver’s License, State ID card, or passport to verify your identity. Coinbase assumes that you are signing up for an Individual investment account so the next part of the sign up process deals with verifying your identity. The next part sometimes changes (we are guessing Coinbase does a lot of user testing) but normally you are then asked for your mobile phone number.