how to purchase bnb on coinbase wallet

To purchase Binance Coin (BNB) on Coinbase Wallet, create an account, fund your wallet, search for "BNB," select a payment method, enter the desired amount, review the summary, confirm the details, and the BNB will be added to your balance once processed.

Nov 07, 2024 at 09:36 am

How to Purchase BNB on Coinbase Wallet

Step 1: Create a Coinbase Wallet

• Install the Coinbase Wallet app on your mobile device.
• Create an account and secure it with a strong password.

Step 2: Fund Your Coinbase Wallet (Optional)

• If you don't already have funds in your Coinbase Wallet, you can add them using a linked bank account, debit/credit card, or other supported payment methods.

Step 3: Locate Binance Coin (BNB)

• Open the Coinbase Wallet app and tap on the "Search" tab.
• Search for "BNB" and select it from the results.

Step 4: Choose Purchase Method

• Tap on the "Buy" button.
• Select your preferred payment method from the options available.

Step 5: Enter Purchase Amount

• Enter the amount of BNB you want to purchase.
• Review the purchase summary and tap on "Preview Buy."

Step 6: Confirm Purchase

• Verify the purchase details, including the amount, payment method, and fees.
• Tap on "Buy Now" to complete the transaction.

Step 7: Receive BNB

• The purchased BNB will be added to your Coinbase Wallet balance once the transaction is processed.

Tips:

• Coinbase charges a fee for purchasing cryptocurrency. Be sure to check the fee before finalizing the transaction.
• BNB purchased on Coinbase Wallet is stored on a decentralized network. However, Coinbase still maintains custody of your private keys, providing a balance between security and accessibility.
• Once you have BNB in your Coinbase Wallet, you can use it to send, receive, or trade cryptocurrency on supported decentralized exchanges (DEXs).