With over 30,000,000 users worldwide, eToro is a good option for investing in BNB and other cryptoassets. Binance Coin (BNB) is the inherent token of the Binance Chain, serving as both a payment method on the exchange and a staking token. To acquire BNB without using Binance, consider utilizing a cryptocurrency exchange, P2P marketplace, or wallet that offers BNB support. A crypto broker is an intermediary between the cryptocurrency market and the end user. They facilitate cryptocurrency exchange, including the buying and selling of crypto assets.
- For some exchanges there is a depth percent that shows how much liquidity is available, live bids two percent up or down from the current price.
- These crypto loan facilities and interest-earning opportunities added significant value to our investment strategy, enabling us to leverage our assets effectively.
- So, if you’re still looking to buy Binance Coin, be sure to monitor how this volatile story unfolds closely.
Not to mention that it has seen a meteoric rise in its value since its launch in July 2017. Now that you have successfully set up your Trust Wallet, open up the application and proceed to purchase your tokens. After installing, you will be prompted to either recover a previous wallet or create a new one.
Step 1: Choose an exchange that sells Binance Coin
You can use filters to find what fits your criteria, such as a preferred payment method or the amount of crypto you’re looking for. Then, you can look over the available offers and pick the one you like. Buying BNB from other users on Binance doesn’t impose fees, which you have to pay when using other methods. Plus, is your searching how to buy Binance Coin with basically any payment method there is, P2P might be your best bet.
- Whether Binance is a good investment will depend on your investing goals and a few other factors, such as timing.
- You will need to use any government-issued photo ID to have your account verified.
- Contrary to many other alt L1s, BNB actually has a powerful ecosystem.
At this stage, you will have to back up the private keys to your wallet in the form of random words. BNB was initially created to serve as a utility token within the Binance exchange. The token has been resilient compared to many of startup cto its competitors – protecting its market capitalization rank behind Bitcoin, Ethereum and Tether. You can also convert or swap your BNB for other BSC-based tokens, and even tokens from other chains (primarily Ethereum) through PancakeSwap. Our team is diligently working to keep up with trends in the crypto markets.
If you’re a new player, you can claim a 15% cashback bonus on any losses and have the chance to win $10,000 in a giveaway. It also features advanced encryption technology and offers reliable customer support services. In case of any concerns, the highly trained support team is available to provide prompt assistance. In this modern age of decentralized finance, the major way to obtain cryptocurrency, including buying BNB, is through a crypto broker or exchange. Although both means serve the same end purpose of allowing you to get access to cryptocurrency, the approach is slightly different.
How To Buy Binance Coin
The exchange swapped the ERC-20 BNB tokens to the BEP-2 tokens on the same day the mainnet went live. In addition, the team devised a discount plan for token holders and early platform users in order to encourage participation in the ICO. The plan represented a graduated scale with a larger discount offered in the first year of operation and less in the fourth year. Binance intends to continue coin burns until 100 million BNB crypto is destroyed — 50% of the total BNB supply. The distribution process saw founders receive 80 million BNB, vested over four years. As covered previously, the public ICO sale distributed 100 million BNB, while 20 million BNB went to investors without vesting restrictions.
What is Binance Smart Chain (BSC)?
The interest from some of these programs how to sell nodle cash extends well beyond 100% per annum. These are just some of the few ways you can make use of your BNB tokens. More uses are discovered and added regularly, and this makes BNB even more valuable.
The crypto exchange will determine the minimum needed to buy Binance coin or any other crypto. You, on the other hand, get to set the maximum investment amount. We advise that this decision be informed by such factors as your risk tolerance, trading skills, investing strategy, and investing skills. Binance has also been adopted as a payment method by multiple e-commerce platforms globally.
How to Buy BNB: Top Exchanges for 2025
You’ll be able to see them right next to the amount of crypto you’re set to receive. Now, first, you should log in to your Bybit account and find One-Click Buy under the “Buy Crypto” tab. Before investing in BNB, it is important to understand its history, utility and functionality as part of the BNB Chain ecosystem. BNB can be used to pay transaction fees on the network, and BNB Chain is host to a range of decentralised finance (DeFi) protocols and decentralised applications (dApps). BNB’s unique token burn mechanism helps to differentiate the cryptocurrency from its competitors.
The information about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website. You can quickly purchase BNB on trading platforms such as Kraken or . If you already have a funded account with one of these exchanges, then you can buy BNB instantly. A step-by-step guide on how to buy BNB on an exchange like Binance has been provided. You can start trading Binance coins after verifying and depositing funds in your account. Binance is a great combination of low fees, deep liquidity and multiple cryptocurrencies and trading pairs.
Barring some extreme external influence, BNB appears to be primed for steady growth through the rest of this market cycle. If you are bullish on the future of Binance as a cryptocurrency exchange and blockchain provider, then BNB may be a good investment for you. Just remember that all investments in cryptocurrencies are subject to some massive volatility, so don’t buy Binance Coin with any money you can’t live without. You can buy binance coin (BNB) through various exchanges, including Binance. Do this by creating an account, verifying your identity, depositing funds, and placing an order. It’s a straightforward process, and once you’ve acquired BNB, you can explore its various use cases within the crypto ecosystem.
However, unlike with the “Buy Crypto” option, you cannot buy coins directly. This method is a bit circular – you will first need to add money to your wallet and then use those funds to purchase BNB via the Binance Convert feature. Crypto credit cards convert crypto tokens to fiat currency at ATMs and payment points accepting Visa and MasterCard. Despite the limited number of service providers, BNB coins enjoy full integration with crypto cards. Providers such as Crypto.com, Nexo, SoFi, WireX, and TenX all allow BNB. There are more than 23 crypto exchanges on which you can trade BNB, you can buy BNB with EUR, USD, BRL, also with stablecoins USDT, USDC, TUSD, and with crypto coins BTC, ETH.
Both channels rely on credit/debit cards as the payment method. If you prefer another method such as using bank transfers, check out our other guides on the same. BNB (Binance Coin) bitcoin mining farms for sale is the native crypto of the Binance ecosystem, which includes the Binance Exchange and the Binance Smart Chain.
Follow the step-by-step guide for buying cryptos on eToro that we have outlined above. Start by downloading eToro money from the App Store or Play Store. Use the credentials created in Step 1 above to log in to the wallet. Link it with the eToro trading account and move the cryptos to the wallet account.
The decision of whether or not to buy BNB depends on your individual circumstances and risk tolerance. This article has explained and given an overview of Binance coin and how to buy and hold BNB. The digital asset is one of the most thriving, offering many applications in the crypto ecosystem and beyond.
Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started Hedge With Crypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world. Binance Coin (BNB) 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 a step-by-step guide to buying it.
Buy Binance Coin (BNB) in 100+ countries using the local currency of your bank account. We offer localized payment options that cater to regions all over the world. Cryptoassets are a highly volatile unregulated investment product.