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How to buy Binance Coin with PayPal
Why investors buy Binance Coin with PayPal
PayPal is an online money transfer service that allows users to create virtual or electronic accounts and use these accounts in a safe, fast, and easy-to-use network. Using PayPal, people can transfer money or buy and sell products on the Internet. Both individuals and legal entities can use PayPal services. Our exchange also benefits from this payment platform and integrates its service for a better customer crypto-trading experience. Some of the major values of using PayPal payment services are;
- The PayPal payment method is easy to work with, it is user-friendly and simple.
- It uses a highly advanced anti-fraud system that increases the security of this platform.
- Anyone can make a PayPal account easily and benefit from its services.
Is BNB a good investment?
Binance Coin (BNB) was introduced and launched in July 2017 at the initial coin launch event. At the time of launch, each coin was sold for 15 cents. Binance was able to raise a total of around $15 million from this ICO. The value of Binance's native coin, BNB, has increased significantly over time as a result of the company's explosive growth in the cryptocurrency sector.
The price of BNB cryptocurrency in US dollars increased gradually at first, staying below $50 between 2017 and the beginning of 2021. BNB tokens’ high price record reached $24.71 (in January 2018) during the 2017 to 2018 crypto market bull run. Later, in May 2021, the entire cryptocurrency market experienced a significant uptrend, with some cryptocurrencies setting new all-time highs. As a result, on May 10, 2021, the price of BNB increased from under $50 to an all-time high of $690.93, a 460520 percent rise from its price at the time of the ICO. Additionally, BNB was valued at over $100 billion at the time. By the start of 2023, BNB has been trading between about $245 to $310. Some crypto experts believe that BNB has an outstanding potential to reach new heights. They predicted that it could reach about $1,047 by 2025. In spite of all that, this information is not aiming to act as a buying signal or a financial advice. We encourage you to do your research regarding the crypto market movements and even consulting with a professional before attempting to invest in cryptocurrency.
Who can buy Binance Coin with PayPal
Basically anyone. By creating a PayPal account, you can benefit from using its services when purchasing crypto through our exchange. To purchase cryptocurrency using PayPal, you don't need to be an expert. There are only a few steps involved in the purchase process, which is easy to understand and very quick. For beginners who are just entering the world of crypto, using the PayPal payment method through our exchange may be one of the most practical methods, and for frequent users, one of the most convenient ones.
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.
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.
How to buy BNB with PayPal instantly?
By using the PayPal payment method through our exchange, your crypto transactions can happen very quickly because of its straightforward and easy interface. How quickly you buy or sell cryptocurrency in this world has a significant impact on the value you receive. Many of our exchange users choose to use this method to buy cryptocurrency instantly since it’s easy to have a PayPal account and a well-known secure method.
Where can I buy BNB online with a PayPal?
First, you’ll need to set up a PayPal account. Then you can easily use our exchange to buy any cryptocurrency you want and pay for it through your PayPal balance with easy steps. You should log on to your account on Blocktrade.com. Choose the cryptocurrency you want to buy. Enter the amount of cryptocurrency to purchase and select adding up the balance through PayPal, to complete your cryptocurrency purchase.
Is BNB 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.
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FAQ
Frequently asked questions
Binance Coin is worth buying due to some of its unique usages compared to other cryptocurrencies and its offering of great features that other coins don't have yet. For example, the Binance Visa card project could greatly increase the adoption of BNB. Since it converts BNB cryptocurrency into fiat when used for payment, this special feature could make BNB more popular. Also, this digital asset has a very high volume of daily transactions. However, perhaps the best value of Binance Coin these days is that it could eventually replace Ethereum because it is cheaper. With Ethereum fees increasing in February 2021, many developers have switched to the Binance Smart Network (BSC), leading to an increase of BNB value.
PayPal as a payment platform is secure, easy to use, and fast to finalize. Its main advantages rely on security as it gives an extra level of fraud prevention. It also encrypts your bank or credit card information to keep it safe.
Initiator and CEO of Binance is Changpeng Zhao. Zhao joined Bloomberg in 2001 as the director of tradebook futures development. After working for the business for four years, he eventually became a partner at Fusion Systems. With blockchain technology and cryptocurrencies, Changpeng Zhao has been actively involved since 2013. He started BijieTech in 2015 and later rose to the position of head of development at Blockchain. Zhao formally established Binance in 2017 and has served as its CEO ever since. He Yi is the chief marketing officer and a co-founder of Binance.
Digital currency traders do not have to pay fees for their transactions using the PayPal payment system. Also, digital currency users can convert their digital currency balance to fiat currency easily and without additional costs. Plus, no exchange fees are charged for cryptocurrency transactions on our exchange.
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.
With a verified PayPal account, you can send up to $60,000 per transaction. You’ll also have no limits on how much money you can send from your account overall. There's also a standard limit of 30 transactions per day.
