Binance coin, popularly known as BNB is among the largest cryptocurrencies available by market capitalization. Are you seeking help to know where to buy BNB? If your answer is yes, you don’t need to wait anymore. We have got a post that will tell you where to buy BNB. This guide will walk you through the process of how and where to buy BNB.
Binance is one of the leading cryptocurrency exchange platforms worldwide. This exchange is based in China and a crypto mega-influencer, Changpeng Zhao, runs this platform. Binance coins or BNB is one of the popular cryptocurrencies that is accepted by many people around the world.
BNB is the native asset of the Binance cryptocurrency exchange. Many competitors haven’t listed the Binance coin on their exchange platforms. Exchanges like Coinbase, Bitstamp, Huobi, etc. do not offer BNB on their exchanges. But many exchanges offer users BNB on their platforms.
We will give details on where to buy BNB, but before that, we will discuss about the Binance coin. We will also discuss the steps to buy BNB and the best exchanges to buy the Binance coins. You will also know what you can do by purchasing these Binance coins. So, without any further delay, let’s dive into the post to know where to buy BNB.
What Is BNB (Binance Coin)?
Binance coin or BNB is the native cryptocurrency that is backed by the Binance exchange. It was launched in 2017 to enable users to benefit from reduced trading commissions. It is the prime currency of both the Binance Smart Chain and the Binance Chain. These coins are gaining momentum and people are trading these Binance coins in great amounts. Let us see the present position of the Binance coins at the time of writing.
- Price: $429.35
- ROI: 372543.31%
- Market cap: $70,89,27,98,667
- All-time high: $690.93
- All-time low: $0.09611
- Coinmarketcap ranking: 4
- Trading Volume: $2,748,566,887.07
We have got enough information about the Binance coins, let us check out where to buy BNB and what are the steps to buy these coins.
Where To Buy BNB?
Many exchanges allow users to buy BNB. If you want to seek help on where to buy BNB, here are the exchanges that allow you to buy the Binance coins on their platforms.
You can easily buy BNB from any of these platforms. Let us discuss the Binance platform in detail that allows users to directly purchase BNB.
If you want to easily buy BNB, you can choose the Binance platform for that. The platform doesn’t directly accept card payments. So, you need to pay some fees if you are using debit/ credit cards. It also provides access to an NFT marketplace. It also had Faster Payments earlier which allowed users to transfer funds from bank accounts.
But, it has been suspended.
Well, the platform allows its users to enjoy trading in a huge range of digital assets. It offers a wide range of digital currencies or tokens to users. Apart from this, the Binance platform also offers a mobile app for trading and a crypto wallet.
Let us now further check out the steps to buy BNB.
How To Buy BNB?
As we have discussed where to buy BNB, let’s see how to buy BNB from any of the above-mentioned exchanges. Here are the steps you need to follow to purchase BNB.
1. Create An Account
The first step for each exchange you choose is to create an account. You can create it by entering your details in the specified columns. You may also need to go through a Know Your Customer process. It might take some time. So, complete the whole process and proceed further.
2. Purchase Wallet
This is an optional step. You can purchase a wallet to store the Binance coins safely. You can choose this option if you want your coins to be secure. However, if you don’t purchase a wallet, you can leave this step and move on to purchase BNB.
3. Buy BNB
As your account is all set. You can now proceed with buying the Binance coins. Search for Binance coins by writing BNB and then hit the trade button. You can then simply enter the amount of BNB you want to purchase. Confirm the order and purchase the Binance coins.
If you are thinking about what one should do after buying these Binance coins, here are the things or reasons to buy the Binance coins.
How To Invest In BNB?
As you are aware of how and where to buy BNB, you can easily purchase these coins. But what to do after buying the Binance coins? Let us see how you can use these coins.
- Store and hold these coins in a wallet until the prices rise.
- Send the Binance tokens worldwide to anyone you wish to transfer.
- Convert these coins to some other cryptocurrency.
- Sell them and get your fiat currency in return.
- Spend these tokens to purchase goods and services.
- Donate BNB as a charity to those who accept crypto donations.
These are the benefits of buying the Binance coins. You can buy BNB and use them for these reasons.
Here ends the post on where to buy BNB.
We have provided you with all the crucial information regarding the Binance coins. You can purchase them and use these tokens for several reasons. We hope that you have got your answers about BNB and where to buy BNB. But don’t forget that purchasing or investing in cryptocurrency is highly risky. You must do proper research before such investments.
If you have got any queries in mind, don’t hesitate to ask in the comment section. We will provide an answer as soon as possible.
Frequently Asked Questions
Q1. What Exchange Sell BNB?
Q2. Is Binance Considered To Be A Safe Platform?
A. Yes, Binance is considered to be a relatively secure and safe platform. The platform offers lower fees to its users than many other cryptocurrency exchanges.
Q3. Is BNB Coin A Good Investment?
A. Yes, many investors consider BNB as a good investment. It is a good utility token that can help you earn high profits in the future.
Q4. Will BNB Coin Go Up?
A. It is forecasted that BNB may go up in the future. It may climb to $14800 in the long-term and is regarded as a good investment for the future.