✅ Supports many payment methods (Aside from the usual bank wire transfer and credit/debit card, eToro supports PayPal, Skrill, and others). To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10.
If you’re looking to trade BNB regularly, software or hot wallets provided by your selected crypto exchange will suit you. The strength of software wallets lies in their flexibility and ease of use. A software wallet is the most easy-to-set-up crypto wallet and lets you easily interact with several decentralized finance (DeFi) applications. However, these wallets are vulnerable to security leaks because they’re hosted online. So, if you want to keep your private keys in a software wallet, conduct due diligence before choosing one to avoid security issues.
Step 1 – Create a Binance account.
However, given its variety of use cases and Binance’s reputation, it could be speculated that BNB’s future is pretty bright. Since it’s the native asset of Binance, it undeniably has more pull and purpose on this particular exchange platform, where you will get more benefits than on any other exchange. You can try switching between different options to see how the fees (and the amount of crypto) change depending on the option. If all looks good, click the confirmation button and complete the payment. Binance might be the native platform for the coin and the most convenient option fro purchasing it, but it’s not the only place where to buy BNB. There how to buy stacks are other established exchanges that can be used for that.
- Your BNB tokens will be deposited to your Binance ‘Fiat & Spot’ wallet as soon as the transaction is processed.
- The setup process is simple, provide the card details, then click on the Next button to add the payment card to your Binance account.
- This exchange was founded in 2019 and just over two years has gone on to become one of the best platforms for trading Binance Coin and other crypto tokens.
- Once your identity verification is complete, it’s recommended to activate two-factor authentication (2FA) for an extra layer of security.
- BYDFi is another popular crypto exchange that provides users with a variety of features, one of which being the fast crypto purchasing using fiat.
Today’s Binance Coin price versus ATH
- For most cryptocurrencies, you will be better off holding the assets in an external wallet where you are guaranteed better safety.
- Note that the default setting is Market, meaning that you will get the current market price, also known as the spot price.
- Once you provide this information, click on the Next button at the bottom of the screen to fill in your credit or debit card details.
- Therefore, no tutorial on how to buy BNB would be complete without mentioning a few alternatives to Binance.
- Find all the answers to your MoonPay questions and start swapping cryptocurrency with confidence.
The next best way to buy BNB is to use the official Binance cryptocurrency exchange. You want to click on the last one labeled ‘Buy.’ This will open up a new dialog screen to choose the asset you want to buy. In our case, we are buying BNB, so go ahead and select BNB from the dropdown list. In September 2020, Binance launched a ‘better’ version of Binance Chain with smart contract functionality dubbed the Binance Smart Chain (BSC).
BNB Coin Burn
According to the whitepaper, the exchange would use 20% of quarterly profits to buy back outstanding tokens and burn them. So far, the exchange has undertaken 16 coin burns resulting in the removal of 31,862,964 BNB tokens from circulation. The fewer coins there are in circulation, the higher their perceived value, which will increase their demand and consequently their price.
Spot market
Plus, BNB holders can qualify for Binance’s VIP program, unlocking even more benefits based on trading volume and BNB balance. Find out how to buy BNB coins on Binance and several other popular crypto exchanges. The perk of stETH is accruing staking rewards and liquidity on DeFi platforms. But stETH’s large how to buy on margin share of staked ETH has raised concerns about decentralization. That said, stETH remains a popular option for crypto investors seeking passive income. StETH has grown from $594 in December 2020 to about $2,585.76 as of July 8, 2025.
After that, your coins will be deposited into your Binance wallet. If you do not currently use Trust Wallet, however, you will need to download the app and create a new wallet before you can use it. Following the success of the trading platform, Binance opted to launch a new blockchain similar to Bitcoin or Ethereum dubbed the Binance Chain. Now that Binance had a blockchain of its own, it was only natural that it would issue new BNB tokens on the Binance Chain to replace those that were available on the Ethereum blockchain.
You can buy BNB using fiat currency as Binance is one of the best fiat to crypto exchanges around. The exchange offers payment methods, including bank transfers, debit cards and e-wallet solutions. Moreover, existing best bitcoin exchanges of 2020 crypto holders can fund an account with Bitcoin or other altcoins for free.
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
You can change the fiat currency using the menu at the top right. You can begin diversifying your portfolio by buying an altcoin like BNB, which is a utility token with many use cases. With all that said, if you want to learn more about crypto day trading and swing trading, you can find more information in our Complete Guide to Cryptocurrency Trading for Beginners.
When considering how to buy BNB with your preferred currency, you will be presented with a list of available payment options. The more common ones are a bank card or your account wallet’s balance. For bank cards, you won’t have to reinvent the wheel – simply fill out the card details and billing address. If you’re new to buying crypto, especially altcoins (anything other than bitcoin), it’s important to research and invest carefully.
Market Momentum:
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. Binance Coin holders can use the tokens to receive discounts on Binance crypto exchange transaction fees. It can also be used to trade for other cryptocurrencies, such as Bitcoin, Dogecoin or Litecoin. Next, select the fiat currency supported by your preferred payment method.