In this article we will bring you through the process of How to buy ByteNext (BNU) in 2021.
What is BNU?
ByteNext is currently ranked #1911 on CoinMarketCap at a price of $0.09. BNU has fallen by %10.09 in the past 24 hours.
BNU is available to trade on a number of popular cryptocurrency exchanges. However, to purchase this coin directly you must first purchase Bitcoin on a fiat-to-crypto exchange and then transfer this bitcoin to the exchange offering ByteNext. In this guide we will walk through this process to enable you to purchase BNU in Ireland in 2021.
Step 1: Create Account on a Fiat-to-Cryptocurrency Exchange
To purchase BNU, you must first purchase bitcoin on a popular fiat-to-crypto exchange, and then transfer this bitcoin to an altcoin exchange offering ByteNext. In this step we will walk through the process of registering on the fiat-to-crypto exchange, Coinbase. This exchange allows customers to trade popular coins such as Bitcoin (BTC) and enables us to transfer bitcoin to other exchanges to purchase altcoins. Follow the link below to register with Coinbase. Once you have setup your account and verified your identity, proceed to Step 2
Step 2: Purchase Bitcoin (BTC)
Now that your account has been verified with Coinbase, you can purchase some bitcoin. Once verification is completed, you will be prompted to provide a payment method. You can choose to use a bank transfer or credit/debit card to make transactions. Bank transfers have smaller fees but are slower than using a credit or debit card. For customers, using a card allows you to make an instant purchase of bitcoin and so this method is recommended.
To purchase Bitcoin (BTC), click on “Trade” in the top left corner of the screen, select Bitcoin and confirm your transaction. Congratulations! You have now purchased Bitcoin (BTC) and we can now proceed to purchase BNU.
Step 3: Create account on an Altcoin Exchange
Now that you have successfully purchased Bitcoin on Coinbase, we can continue to purchasing BNU. BNU is listed on Altcoin exchanges. Popular altcoin exchanges include Binance and Gate.io. In order to use these exchanges you must first create an account. Follow the links below to create an account on your desired exchange. It is encouraged to maintain accounts on these various exchanges to be prepared for sudden trading opportunities that arise on each platform.
Once you have registered and verified your account on your chosen platform, proceed to step 4.
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Step 4: Transfer Bitcoin to your Altcoin Exchange Account
Transferring coins from one exchange to another is very straight forward. All you need to do is copy the wallet address of the cryptocurrency that you want to receive, so in this case, the Bitcoin (BTC) purchased on Coinbase. In this example I will describe the process using Coinbase to Binance. If you are using a different exchange please search for the platform specific information. However, this process is quite simple and the basic idea is the same on every exchange platform.
On Binance, click on the “Wallet” tab and select “Fiat and spot” to go to your fiat and spot wallet. On this screen you will deposit your previously purchased Bitcoin (BTC). In the search box search for Bitcoin (BTC) and under “Action” select Deposit. In this screen you will see your Bitcoin wallet address on the right of the screen. Copy this address.
Go back to your Coinbase account and on the home screen click “Send/Receive” in the navigation bar. In the next screen click “Send”, put in your Binance wallet address in the “To” form, select “Pay with Bitcoin”, choose the required amount and press continue. This transaction should complete in under 10 minutes. Congratulations, you have successfully transferred your Bitcoin to your Binance account!
Step 5: Purchase ByteNext (BNU)
We are now ready to purchase BNU. On Binance, hover over “Trade” on the navigation bar and select “Classic”. In the search bar on the right, search for BNU and choose the option in the format “BNU/BTC” Now, in the “Spot” section in the center of the screen below the market charts, input the Bitcoin amount you want to trade in the “Total “ field and press “Buy BNU”. Congratulations!. You have purchased ByteNext!
In this guide we have shown you how to buy ByteNext (BNU) in 2021.