Binance is constantly reviewing and adding cryptocurrencies that can be used on the Binance platform. If you would like to buy Steel, which is currently not listed on Binance, you can follow the step-by-step guide below. It will show you how to buy Steel by connecting your crypto wallet to a decentralized exchange (DEX) using your Binance account to buy the base currency.
Download a Binance Wallet Wallet
There are several crypto wallets to choose from within the BNB Chain network and Binance Wallet appears to be the most integrated. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or iOS App Store if it’s available. Just make sure that you are downloading the official Chrome extension and mobile app by visiting the Binance Wallet’s website.
Set up your Binance Wallet
Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1. You may refer to the wallet’s support page for reference. Make sure to keep your seed phrase safe, and take note of your wallet address. You will be using it later on Steps 4 and 6.
Buy BNB Chain as Your Base Currency
Once your wallet is setup, you can login to your binance account and proceed to the Buy & Sell crypto webpage to buy the BNB Chain. If you are not an existing user, you can refer to our How to Buy BNB Chain guide on registering and buying your first cryptocurrency on Binance.
Send BNB Chain From Binance to Your Crypto Wallet
Once you buy your BNB Chain, go to your Binance wallet section and look for the BNB Chain you purchased. Click on withdraw and fill up the required information. Set the network to BNB Chain, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your BNB Chain to appear in your Binance Wallet.
If you are using Binance Website:
If you are using Binance App:
Choose a Decentralized Exchange (DEX)
There are several DEXs to choose from; you just have to make sure the wallet you selected in Step 2 is supported by the exchange. For example, if you use Binance Wallet wallet, you can go to Pancake Swap to make the transaction.
Connect Your Wallet
Connect your Binance Wallet wallet to the DEX you want to use by using your wallet address from Step 2.
Trade Your BNB Chain With the Coin You Want to Get
Select your BNB Chain as the payment and select the Steel as the coin you want to acquire.
If Steel Doesn’t Appear, Find its Smart Contract
If the coin you want does not appear on the DEX, you can refer to https://bscscan.com/ and find the smart contract address. You can then copy and paste it into Pancake Swap. Beware of scams and make sure you got the official contract address.
Apply the Swap
Once you are done with the previous steps, you can click on the Swap button.
Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents.