If you want to buy BNB, 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. You don’t need to already own crypto, the buying process is very easy, it usually requires minimal KYC verification.
- KuCoin is a much smaller platform than Binance, with a trading volume of just over $2 billion.
- All you need to do is provide an email address and create a password for your account.
- Binance is one of the top cryptocurrency exchanges in the world, facilitating 1.4 million transactions per second.
- The good thing about BNB is that it’s a popular token and is available on several popular crypto exchanges, such as Huobi and Kucoin.
- Supply, demand, availability, competing cryptocurrencies, and investor sentiment are key indicators of BNB’s utility.
- Or, you can scroll down and select the asset you want to buy by tapping it to open more information about it then click to buy on the next screen.
We are still in the early adoption phase of this great technology and it’s only going to get better from here. As mentioned earlier, you will be required to provide an email address and details on your payment card to initiate the transaction. Once you are done, confirm the transaction and authorize the purchase. Fund your account by buying or transferring crypto for the first time on Nexo. Move your assets to any of the 1, 3, or 12-month Fixed Terms before June 30 to get up to 10,000 USDC.
Alternative Investment Option
Your purchased cryptocurrency will arrive in your crypto wallet soon. Select the crypto you’d like to purchase, the fiat currency you want to buy crypto with, and your country of residence. Look through the best offers and choose the one that suits you most.
- Despite competition from Coinbase and others, it is the biggest by market capitalization.
- The decentralized exchange (DEX) requires BNB to pay for transaction fees.
- If you want to buy BNB, one of the best ways to do so is with fiat money, meaning with a credit or debit card.
- Once the wallet is installed, follow the prompts to create your account and wallet address.
- Crypto are sensitive assets and deserve the best security solution.
Under this mechanism, the Binance Smart Chain relies on 21 validators to run its blockchain. If such restrictions apply to you, you are prohibited from accessing the website and/or consume any services provided on this platform. This guide was all about BNB and how to acquire this highly versatile asset. We highlighted two easy ways to buy it, which are using the Binance exchange or using a mobile wallet such as Trust Wallet.
Crypto are sensitive assets and deserve the best security solution. Our hardware wallets let you take control of your assets, with the highest security standards. Like other DeFi coin types, a Binance token is a decentralized application on blockchains with smart contracts.
Binance’s exchange – Normally I advise against keeping coins on an exchange. However, if you’re planning to use BNB to save on Binance fees and you don’t own a large amount, it might be most cost efficient to just keep it on the exchange. Coinomi – If you’re looking for a free software solution Coinomi is an established cryptocurrency wallet that will allow you to hold BNB.
What is the BNB Token?
Binance is the world’s largest cryptocurrency exchange, and the platform has been moving quickly to grow its own currency. For investors looking to benefit from the success of Binance, holding BNB tokens is an easy way to indirectly participate in the growth of the platform. As Binance attracts more users and expands its services, the demand for BNB is expected to grow accordingly, leading to a continuous increase in price.
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not USD. CEX.IO supports card payments in USD, GBP, EUR, and RUB, but don’t worry if you don’t have a payment card with one of these currencies. You can use the card with How to buy bnb your local currency to buy Binance Coin (BNB) using the Instant Buy service or for a deposit. Just double-check before the transaction that your bank card supports international transactions and currency conversions. Your local currency will be converted to the currency you selected on CEX.IO on your bank’s conversion rates.
eToro – Overall Best Place to Buy Binance Coin
BNB can be purchased at crypto exchanges such as Binance, Bithumb, KuCoin, and FTX. But, as BNB is the native asset of the Binance exchange, several competitors have not listed the coin on their platforms. Coinbase, Huobi, Bitfinex, Bitstamp, and Kraken, among others, don’t offer BNB trading. Being a crypto investor requires taking security seriously and owning your private keys gives you much more power and control. The main principle behind hardware wallets is to provide full isolation between the private keys and your easy-to-hack computer or smartphone. The only people you can trust for storing your crypto assets is yourself.
Users can download the platform’s apps from the App Store or Google Play. 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. However, other exchanges aren’t too keen to host the native cryptocurrency of the Binance platform.
Binance Is the Biggest Crypto Exchange
The transaction will process immediately and the BNB tokens will be deposited into your [Fiat and Spot] wallet. Once you select the corresponding assets, fill in the amount you want to transact. You can specify the amount you want to buy in either USD or BNB. If this is your first time using Binance, you will need to create a user account by visiting the Binance homepage and signing up.
BNB interacts with and allows developers to build on the layer-1 blockchain known as the BNB Smart Chain. The Binance exchange also uses it to promote discounted trading fees as an incentive to holders. After funding your CEX.IO account, you can start trading BNB on CEX.IO or use an Exchange service in the mobile app. Using the last one, you can convert one currency to another even if there is no direct pair for trading on CEX.IO. Here is a list of the top trading platforms you can use to buy Binance’s native coin.
Enter Binance Coin’s ticker symbol—BNB—and the amount you want to invest, such as $50. Most exchanges allow you to choose between market and limit orders at the time of the transaction. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. 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.