BNB Sidechain is backed by the largest community of users and developers. A wallet helps you connect to BNB Chain and manage your funds. Scan to download for a seamless trading experience with MEXC app.
What is the easiest way to buy BNB?
You can quickly purchase BNB on trading platforms such as KuCoin or Crypto.com. If you already have a funded account with one of these exchanges, then you can buy BNB instantly. Otherwise, many crypto exchanges also offer an "instant buy" feature using a credit card.
It might be slightly advanced, but you may enjoy the options to navigate exchanges and coins more freely. To fund your account on an exchange, you must designate a funding source based on the exchange’s specifications. This could include connecting a credit or debit card, or linking to your checking or savings account. You may see restrictions for minimum and maximum purchases, or other requirements and limitations based on the coin and exchange.
Deposit Funds With Your Preferred Payment Method
You can trade BNB on Binance’s exchange or stake it on the BSC network to earn interest. Binance also has its own decentralized exchange, the Binance https://tradecrypto.com/news/crypto-industry-news/ed-investigating-coinswitch-kuber/ DEX where you can trade for a network fee. Now that you can buy Binance Coin you need to learn how to store it and other cryptos safely.
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. On this page you can select what crypto currency https://tradecrypto.com/advertise-with-us/ you want to purchase , and what local currency you want to pay with. If you have a bank account linked to your Binance.US account, then you can select that as your local currency to pay with that. Also, keep an eye out for exchanges that charge fees for certain types of crypto deposits.
Step 1 Download & sign up for Binance
Just relax you don’t need to have any technical knowledge about cryptocurrencies to buy Binance Coin. We have listed trusted Binance Coin brokers on this website for your convenience. Besides having a name that involves two leading industries of the world, Binance Coin is backed by good technology and financial conditions.
- You can start investing in Binance coin with a small amount of Rs 100 on BuyUcoin.
- Not all crypto exchanges offer BNB trading, so do some homework to find a cryptocurrency exchange that does.
- A very well-known platform, Crypto.com allows users to instantaneously purchase a wide range of assets, BNB included, straight from a credit/debit card.
- Users on the Libertex platform also get access to trading cryptocurrencies like BNB and over 50 more.
- The cryptocurrency is the fourth largest by market cap at the time of writing.
So, what is it about BNB that has led to it becoming so popular? Let’s take a look at the benefits and disadvantages of this cryptocurrency to find out. A hardware wallet is a physical device on which you can store your Binance Coin offline.
Start buying BNB
Aside from assessing exchanges for their service and goodwill, you additionally need to identify the trading costs. Apart from that, you should consider user-friendliness, client assistance, and security. Keep in mind that not every exchange follows regulatory guidelines, and it is better to invest with those that follow KYC guidelines. Binance Coin is trading on 90 cryptocurrency exchanges across 558 trading pairs. The most popular Binance Coin pair isBNB/USDTon Binance Futures, where it has a trading volume of $ 389.09M.
The required Capital.com minimum deposit is $20 if the funds are transferred via credit/debit card or Apple Pay. Binance Coin is among the largest cryptocurrencies by market cap, and it’s the platform token for the popular crypto exchange – Binance. In this guide, you will learn how to use BNB, why it’s a popular asset amongst blockchain investors, and discover https://tradecrypto.com/news/crypto-industry-news/binance-acquires-crypto-exchange-sebc/ a step-by-step guide to buying it. Binance Coin is one of the fastest-growing cryptocurrencies in the industry. BNB has immigrated from the Ethereum network to a native blockchain called the Binance-chain. The purpose of the new blockchain is to create an alternative marketplace for issuing and exchanging digital assets in a decentralized manner.
Understand withdrawal fees from the outset
Keep in mind that if this is the case, you’re giving away control over your coins to Binance. Since then, BNB has greatly appreciated in price and Binance’s ICO was considered one of the more successful ICOs around. After setting the details for this BNB purchase, click on “Open Trade” to finalize the BNB trade. In the trading window, you will see the current price of the BNB coin. The first result is the BNB marketplace, highlighted with a blue background.
- Developers and investors using the Binance Smart Chain can use BNB to pay network transaction fees.
- For example, high leverage margin trading, DeFi features and some altcoins.
- The fee in Transak to buy BNB is 3.19 USD; 2 USD for MetaMask, 1 USD for Transak, 0.19 USD for network/ exchange fee.
If you want to buy BNB, then you don’t have to worry about paying any more than a resident of another country. With the majority of large exchanges allowing USD deposits, the main hidden fee to watch out for is any credit/debit card fees which could add around 2% to 5% on top of any order. Currently, the price of BNB is around $360 meaning that if you invested $1000 you would see a return of around 2.79 BNB. With backing from the world’s largest exchange, it’s no surprise that so many people want to know how to buy BNB. As the rate of adoption for BNB grows, it stands to reason that the price will follow. Security on eToro is water-tight, they provide all the industry-standard security measures you’ll have come to expect from leading exchanges.
Where To Buy BNB Coin
The total dollar value of all Binance Coin transactions over the past 24 hours. OpenSea has integrated BNB Chain Nov 30, 2022 OpenSea is the biggest NFT marketplace in the world and in 2022 the platform integrated new blockchains. Each chain is home to a unique ecosystem of all kinds of collections. A long-term investment with the expectation of it increasing in value. Use the information displayed on your screen to transfer the desired amount from your bank account.
Binance coin is used by users to pay the fees levied by Binance exchange for using the services. These fees include, but are not limited to trading fees, exchange fees, and listing fees. Additionally, Like any other cryptocurrency, BNB can also be traded on supported cryptocurrency exchanges. Coinbase’s user-friendly platform makes it a popular crypto exchange to buy Binance Coin for beginners and experienced investors. With diverse payment options including PayPal and a low minimum deposit of $2, buying BNB on Coinbase is accessible regardless of your financial situation. The platform supports numerous fiat payment methods and over 80 cryptocurrencies.
Is it Worth Buying Binance Coin in 2021?
Since the launch of the Binance Smart Chain, the coin has been seen exponential growth in terms of market cap. As of today, BNB is one of the biggest cryptocurrencies in the market. Since Binance already was a big name in the industry, the team behind the coin had a very great track record.
What is the cheapest way to buy BNB?
The cheapest way to buy Binance Coin (BNB)
YouHodler has low fees whether you want to buy BNB with credit cards, debit cards, or bank wire deposits. However, the cheapest way to buy BNB on YouHolder is via depositing stablecoins and using our conversion feature.
If you want to buy Binance Coin, one of the best ways to do so is with fiat money, meaning with a credit or debit card. When you buy cryptocurrency with fiat money, the process is going to be much faster and – more importantly – simpler than doing so with another cryptocurrency. https://tradecrypto.com/cat_academy/crypto-business-academy/ You don’t need to already own crypto, the buying process is very easy, it usually requires no account creation & minimal KYC verification. By buying your Binance Coin with a credit card, you will receive instant confirmation & lightning fast payouts.
- The smallest quantity of Binance Coin that can be transferred is 0.02 BNB.
- There are a few brokers in the market that charge more than 5 % for some extra services.
- You’ll see there how cryptocurrencies performed in the last 24 hours and can get quick access to the market.
- Binance Coin was created by Binance, the world’s largest crypto exchange.
- It is built on the Binance Smart Chain , a blockchain that powers a number of decentralised applications that are increasingly innovating the world of crypto.
On the other hand, Tokens cannot be mined because they were pre-mined and distributed during an ICO. On Binance Exchange, tokens in circulation are used for discounted trading. The discount rate was set at 50% for the first year, but it will decrease in half every year.