Buy Binance Coin
in Ireland

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.

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.

Yes. According to a press release by the Director of Financial Regulation which was published
by the Central Bank of Ireland, blockchain and cryptographic technology have the potential to
bring significant benefits to the economy and to the users of financial services, since
cryptocurrency is being deployed in different situations and for various purposes such as
supporting smart contracts, engaging in payment services, investment activities or, as is often
the case, speculation.

Yes. According to the Irish Tax and Customs Agency (Revenue), if an Irish resident sells a
crypto asset and gains profit from it, any gain would be treated as capital gain and could be
subject to capital gains tax (currently 33%). According to the above-mentioned document, if an
Irish individual was carrying on a ‘trade’ of dealing in cryptocurrency, any profit on the selling of
crypto assets would be subject to income tax, the income tax rates can be up to 55% (including
universal social charge and social insurance). According to the above-mentioned Irish Tax
Agency reference, a trade in crypto-assets would be similar in nature to a trade in shares,
securities, or other assets. Where a person makes a trading profit or loss on crypto-asset
transactions this must be reflected in their accounts and will be taxable in accordance with
normal Income Tax rules.

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.

Anyone. You are able to easily perform cryptocurrency transactions such as buying, selling,
holding and managing by the help of cryptocurrency exchanges in Ireland. There are also a
varying range of payment services available in Ireland for your cryptocurrency purchase
including: Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal which are
highly convenient and secure if your exchange allows these means. Our exchange presents
safe and fast cryptocurrency transactions by such service and is one of the cheapest exchanges
out there to buy cryptocurrency in Ireland, as we charge zero fees for all cryptocurrency
transactions.