How To Buy Binance Coin

Once you have an account and a wallet, the next step is to buy the tokens. The best way to purchase BNB online is to set up an account on Binance. All you need to do is provide an email address and create a password for your account. Unfortunately, the platform isn’t accessible from all jurisdictions in the US.

Start by selecting the cryptocurrency you want to purchase in the transaction form. BNB is easily accessible for anyone with a Binance or Binance.US account. Binance.US is the Us-based Binance affiliate regulated by the US Financial Crimes Enforcement Network (FinCEN).

However, over the last 60 days, BNB has been resilient compared to many of its competitors – protecting its market capitalization rank behind Bitcoin, Ethereum, USDC and Tether. Predicting the future value of any crypto asset, including BNB, is highly speculative and inherently uncertain. However, given its variety of use cases and Binance’s reputation, it could be speculated that BNB’s future is pretty bright. Since it’s the native asset of Binance, it undeniably has more pull and purpose on this particular exchange platform, where you will get more benefits than on any other exchange.

1. However, given its variety of use cases and Binance’s reputation, it could be speculated that BNB’s future is pretty bright.
2. The PoSA consensus uses significantly fewer validators than the Ethereum blockchain, which has led to concerns about the decentralization of the BNB network.
3. Once you are done, confirm the transaction and authorize the purchase.
4. There are plenty of methods of how to buy BNB, just as there are several exchanges that offer this as a service, including Binance, KuCoin or Bybit.

You can buy Binance-Coin with a credit or debit card on a crypto exchange like Coinbase or Coinmama. You’ll need to create a Binance-Coin wallet (an account) and get it approved before being able to buy. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place.

You’ll top crypto influencers find the spot market under a “Trade” or “Spot” heading on the site or app menu of the platform you’ve chosen to use. If you see colorful charts with a range of prices, you’re probably in the spot market. Be prepared to pay a markup on BNB’s market rate in exchange for the convenience.

The coin powers the platform’s trading ecosystem, is used to pay for its services, and can be converted to other crypto assets. BNB holders who have large volumes of the currency may be eligible for discounts on trading fees, a practice that encourages traders to use the coin. Not all crypto exchanges offer BNB trading, so do some homework to find a cryptocurrency exchange that does.

You can also use this to convert any crypto asset you have for BNB. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider.

What Is a Binance Coin?

When comparing offers or services, verify relevant information with the institution or provider’s site. Some platforms only offer 1 way to buy Binance Coin, while others provide several choices. The 2 most common ways to buy BNB are on the spot market or with an “instant buy” feature. BNB interacts with and allows developers to build on the layer-1 blockchain known as the BNB Smart Chain.

According to the company website, its mission is to become the infrastructure services provider how to buy dentacoin for the entire blockchain ecosystem. She started her career as a TV anchor and presenter on China Travel TV in 2012. Later, in 2014, Yi co-founded OKCoin, which was the largest fiat-to-crypto exchange in China at the time. In 2017, she joined forces with Changpeng Zhao, and together they created the largest crypto exchange globally — Binance. Due to the tremendous volume of trade, the Binance Smart Chain now surpasses Ethereum as the most active platform in the market. Since BNB is native to the chain, having BNB tokens will certainly enable investors to profit from Binance’s growth.

Compare today’s price of Binance Coin ($557.72 USD) against its all-time high (ATH) price of $717.48 USD on June 06, 2024. The closer the bar is to 100%, the closer BNB is to reaching its ATH again. There are several different order types that you can make on the spot market. Most exchanges let you buy as little as $5 worth of BNB, if not less.

How to pick the best crypto exchange for yourself?

Under this mechanism, the Binance Smart Chain relies on 21 validators to run its blockchain. You can also convert or swap your BNB for other BSC-based tokens, and even tokens from other chains (primarily Ethereum) through PancakeSwap. Recently purchased the Nano Ledger X, and the simple, easy-to-use interface helped me to easily transfer my Bitcoins from Coinbase. Products like the Nano Ledger X will help cryptos such as Bitcoin become adopted the broader society. So, if you’re looking to dive into the world of digital finance, BNB might just be your ticket to ride.

In 2020, it reached more than $2 trillion in total trading volume, while BNB became the guides to open bitcoin wallet account 2021 third-largest cryptocurrency by market cap. There are plenty of methods of how to buy BNB, just as there are several exchanges that offer this as a service, including Binance, KuCoin or Bybit. Probably the easiest and most popular, though, is buying BNB directly on Binance using the “Buy Crypto” option.

Step 2 – Open Trust Wallet.

Your newly-linked card will be listed by default on the payment page and preselected. Click on the [Continue] button to proceed to the confirmation page. The setup process is simple, provide the card details, then click on the [Next] button to add the payment card to your Binance account. While ERC-20 tokens rely on the proof-of-stake (PoS) consensus, which allows them to be extremely scalable, and allows for the creation of smart contracts. Unlike PoS, the Binance blockchain does not support smart contract functionalities. In contrast, the Bitcoin blockchain is secured by the proof-of-work (PoW) consensus, which is far more limited and consumes large amounts of electrical and computing power.

After the payment is verified, you will find BNB in your KuCoin account. After you’ve transferred the money, click the [Transferred, notify seller] button. If you don’t want to proceed with the order, though, make sure to click [Cancel Order].

Therefore, no tutorial on how to buy BNB would be complete without mentioning a few alternatives to Binance. Keep in mind that different exchanges might have different fees attached to transactions, so be sure to look over details carefully to avoid surprises. Limit orders allow traders to set a specific price at which they want to buy or sell, ensuring execution at that price or better. So, if you want to buy Binance Coin only when it matches a certain cost, you can create a limit order.

Tools & Features

While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services.