How to Buy Binance Coin (BNB)
Make your investments work for you: Buy and sell Binance Coin and 40+ cryptocurrencies instantly.
How to buy BNB
Just 3 easy steps to start investing in Binance Coin
Create your account
Sign up on the website, and verify your account with complete information.
Select a payment
Select whether you want to purchase BNB with PayPal, Google Pay, etc.
Choose BNB, select how much you want to buy, and make your first investment.
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Learn more about Binance Coin
What is Binance Coin ?
Binance Coin (BNB) is a cryptocurrency that can be used for trading and payment on the Binance platform. This digital currency was first created on the Ethereum network with the purpose of paying transaction fees in the Binance exchange. But in a short time, it moved to its native blockchain, Binance Chain. Binance Chain network was optimized for super-fast transactions. To achieve this goal, the Binance Chain network had to balance between different categories. One of these cases was flexibility in terms of programmability. Therefore, introducing Binance Smart Chain, known as BSC, changed this situation.
In February 2022, Binance’s two main blockchains, Binance Chain and Binance Smart Chain, were grouped together and called the BNB Chain. Binance Coin (BNB) digital currency then was set as a native and exclusive digital currency of the BNB network. This altcoin is based on the ERC-20 standard and follows the same rules governing the Ethereum blockchain. This digital currency makes the Binance Blockchain benefit from the stability and safety of the Ethereum and other Blockchain networks. Also, this digital currency is well protected from theft and has low costs due to its initial creation in the Ethereum network.
Check out Binance coin official website for more information.
What is BNB ?
The digital currency known as Binance Coin is issued by the Binance network and is traded under the symbol BNB. For the Binance Coin currency, the BNB symbol is frequently and widely used on exchanges. You can look up this cryptocurrency's symbol, which is BNB, and quickly find your needed information about it online.
Is Binance Coin reliable
Binance Coin (BNB) is built on the Ethereum blockchain and its security is provided by the underlying Ethereum network consensus mechanism, called Proof of Stake (PoS). In PoS, instead of miners solving cryptographic puzzles to validate transactions, validators are chosen to create new blocks proportional to the amount of stake they hold. This helps to secure the network and prevent malicious actors from attacking the network. Binance also has implemented a multi-tier and multi-cluster system architecture, which adds to the security of its platform.
After you've bought BNB
At first, BNB was used to support the Binance exchange's development and marketing with the money raised from it. Binance Coin (BNB) today facilitates discounted crypto trading on Binance in addition to providing holders with access to the launchpad of the exchange and a number of other goods and services. Besides, nowadays Binance Coin is similar to other digital assets in the market from a general point of view. It is a form of digital asset that can increase in value based on user usage and transactions. Users can also hold BNB like other cryptocurrencies in compatible wallets and send and receive this asset directly.
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Other Methods of buying Binance Coin
Where can I buy Binance Coin
If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells Binance Coin or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.
You can buy Binance Coin directly from another person over the web.
Crypto Exchanges are the safest places for buying Binance Coin. You can use Blocktrade as a cheap, secure, and global exchange to buy BNB. You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase BNB with a few clicks.
Blocktrade is available in 100+ countries
How to sell Binance Coin
Sign up and verify your Blocktrade account
You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.
Deposit BNB to your Blocktrade account
To sell Binance Coin on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any Binance Coin address.
Start selling Binance Coin!
Once you deposited your Binance Coin in your Blocktrade deposit address, you’ll be able to sell your BNB.
Frequently asked questions
Yes, you can buy less than 1 Binance Coin (BNB) token. Binance Coin is divisible down to 8 decimal places, so you can purchase a very small fraction of a token if you wish. The smallest possible unit of Binance Coin is called a jager. 1 jager is equivalent to 0.00000001 BNB.
Our exchange allows you to buy BNB with a minimum order size of $10. You can complete your BNB token purchase using various payment methods provided by our exchange. Choose whichever suits you best and proceed your Binance Coin investment easily.
The cost of buying Binance Coin can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of BNB, you can either log in to our website and see the real-time price or check our Binance Coin Calculator to see the price of Binance Coin in your desired currency.
There are several ways to keep your BNB investment safe: One of the most effective ways is to store them in a hardware wallet, which is a physical device that securely stores your private keys. Additionally, you can use a software wallet, which is a digital wallet that can be stored on your computer or mobile device. Plus, our exchange provides a user-friendly personal online wallet that offers additional features and is easily connected to multiple trading options for BNB cryptocurrency, making your trading experience more efficient.
There are several options to buy BNB such as cryptocurrency exchanges, Peer-to-peer marketplaces, Binance Coin brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy Binance Coin for beginners. You can easily buy Binance Coin without any buying fees from our exchange.
In this blockchain, the main feature is high speed and the ability to manage a large volume of transactions. Its next priorities are adding new features. Binance blockchain can manage and support thousands of transactions per second, and also within one second, a block is created in this blockchain. The Binance blockchain has increased the speed of transactions by considering a limited number of validators.
There is no right time to buy Binance Coin, as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying Binance Coin or any other cryptocurrency.