Buy Binance Coin BNB With Credit & Debit Card Instantly

Also, you can stake or lend the token to earn passive income. Binance is one of the largest exchanges worldwide, and the token offers a 25% discount when using its services. This gives the coin utility and a reason for people to buy it. Therefore, we can expect the coin to be around for the long term. To summarize, Binance Coin is an excellent investment because of its long-term potential.

These are more suitable for experienced users who own large amounts of tokens. Since Guarda is a non-custodial wallet, only you have access to your assets and personal information. Guarda currently supports over 50 major blockchains and over 400K tokens from all major protocols. Use the online/desktop versions or download mobile app to manage your wallet on the go. Explore staking and other features provided by Guarda Wallet. The easiest way to buy Binance Coin is by signing up to a crypto exchange such as eToro, Binance or Coinbase and using your regular payment card to buy BNB directly.

What to Consider To Purchase Binance Coin

Binance.US users also receive a 25% discount on trading costs when using BNB to pay fees. Binance Coin is rather very promising, seeing how its success does not rely on it being an alternative cryptocurrency. As a cryptocurrency, it can be used to power applications and generate computing power for the network. It can be used to pay transaction fees during coin conversion, e.g. converting Bitcoin to Litecoins.

how to buy bnb

Users on eToro also have access to a large range of digital currencies like Bitcoin, Ethereum, and of course BNB, among others. Other markets the broker offers include over 150 ETFs and indices such as the FTSE 100, NASDAQ 100, Bonds, Forex, and Commodities. 74% of retail investor accounts lose money when trading CFDs with this provider. Binance Chain Wallet is the official cryptocurrency wallet of Binance exchange. It can safely store BNBs and also access Binance Chain, Binance Smart Chain and Ethereum blockchain.

Trade BNB

You will be given a long string of numbers and letters – this is your Ethereum deposit address. The new screen will show how many coins you have stored on Binance – currently, you have none. Our recommendation is to use Authy app available on your smartphone or web browser. Do this to protect your money – even if a hacker gets your Binance password, the second level of verification will almost certainly prevent him from getting into your account.

  • This broker is very beginner-friendly; this can be seen from its commitment to zero fees, customer service, and easy-to-use website and mobile apps.
  • BNB can be used in Binance Smart Chain DeFi protocols such as staking nodes and yield aggregator vaults.
  • Once your account is secured, return to the dashboard and click ‘security’.
  • Just relax you don’t need to have any technical knowledge about cryptocurrencies to buy Binance Coin.

The strategy is to cut the supply of the coins by 50 percent, leaving the final 100 million tokens. All this is well worth taking into consideration if you’re interested in making an investment. Once you have signed up, you’ll need to transfer some money over to your new account. Make sure you deposit enough cash to buy the quantity of Binance Coin you want. Usually, there will be quite a few options for making your deposit , so it shouldn’t be a hassle to find the one that best suits your needs. Bitcoin is the cryptocurrency that started it all – the “flagship” of the cryptocurrency industry.

How To Purchase BNB

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. There’s an Android and iOS version available, as well as a desktop version. MetaMask is a browser plugin and can be used with Chrome, Firefox, or a Chromium-based browser like Brave. The platform was initially launched as a non-custodial Ethereum wallet but now supports major blockchains compatible with the Ethereum Virtual Machine .

You can either click on the button within the center of the page then choose an asset you want to buy. 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. The transaction will process immediately and the BNB tokens will be deposited into your wallet. Your newly-linked card will be listed by default on the payment page and preselected.

We do not have any withdrawal limits or deposit maximum limits, and our deposit minimum is only $1 worth of tokens. Binance was founded in 2017 by a Chinese-Canadian businessman named Changpeng Zhao. One of the initial purposes of its token was to help reduce transaction fees on Binance so it could be a more convenient option for traders. Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods. Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.

Furthermore, since many cryptocurrency exchanges and applications do not support Binance Coin in this situation, it cannot be just any exchange. Binance Coin is a highly successful cryptocurrency that has had an incredible run since its release in 2017 by Binance ecosystem. The main purpose of the coin is to hold as an investment asset or use it to get a 25% discount on fees when trading on Binance. However, the established coin has multiple uses, such as smart contracts, NFTs, and DEXs.

Buy Binance Coin through Binance offers an amazing portfolio of commodities, cryptocurrencies, and stocks. Therefore, you can purchase BNB and other products to diversify your portfolio. Moreover, it provides an interactive smartphone app so you can trade on the go.

Our staking service offers a yield of up to 7.5% on staked assets. Binance is a safe and secure platform to buy and sell BNB and other cryptocurrencies quickly using our streamlined buy/sell process. You’re just three steps away from your first Bitcoin, Ethereum, and other cryptocurrencies. You can also trade BNB or other crypto or stake it on Binance Earn for passive income. If you would like to trade BNB to a decentralized exchange you may want to check Trust Wallet which supports millions of assets and blockchains. If you want to buy BNB with a credit card, the best option is Binance, as it has multiple trading pairs for the token.

Binance Coin can be traded on several cryptocurrency platforms. That said, some cryptocurrency exchanges do not trade their competitors’ utility tokens. The coin also works with a number of decentralized finance platforms and is accepted by various merchants. What sets Binance apart from other cryptocurrency exchanges is it also operates the Binance Smart Chain. This makes Binance Coin a programmable cryptocurrency like Ethereum that can host decentralized applications and other cryptos.

  • Opting to buy BNB is a wise move and it’s a valuable addition to all crypto portfolios.
  • Along with being a crypto exchange, also has an NFT marketplace.
  • The platform has built a reputation for offering a secure and reliable service which caters to both novice and experienced traders.

Then again, if you are looking forward to short or medium-term gains, purchasing financial instruments for BNB is a more reasonable option. You don’t really buy the BNB tokens here; instead, you speculate on the price. For example, you can purchase a BNB Contract for Difference if you believe that the price will go up in the near future, which could be as early as a few hours.

How do I get BNB tokens?

  1. How to Earn BNB Coin – Trading. The Binance platform is primarily an exchange broker that you can use to trade BNB and other coins.
  2. Earn BNB Through a Crypto Savings Account.
  3. How to Earn BNB Coin – Staking.
  4. Earn BNB Coin Through Airdropping.
  5. Work and Get Paid with BNB.
  6. Final Words.

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