The token was launched in July 2017 to be used as a tool for crowdfunding in the Binance ICO. As a utility token, it would enable its holders to claim trading fee reductions on the exchange once the platform launched. Binance raised about $15 million from the ICO, and over 100 million tokens of BNB were distributed to the public.

• Although this is very helpful, it’s not necessarily the most secure storage solution.
• Whether or not BNB is a good investment depends on your investing goals.
• Follow these simple steps to buy some Binance Coin tokens on Trust Wallet using a credit or debit card.

Once you’ve chosen an exchange, you’ll need to create an account for the first time. To do this, you’ll need to input your personal information – name, email address, home address, mobile number, etc. – and choose a password. Bitget Located in Singapore and initially founded in 2018, they have regulatory licenses in USA and Canada, meaning citizens from both countries can access the platform. If trading with crypto, it’s not required for funds up to $50K.

Buy Binance Coin with a debit card

On top of that, it may also prove to be a great alternative for those traders who are trying to get the most BTC (or some other crypto coin, such as ETH, EOS, or else) for their money. Earlier I’ve mentioned that there are up to 5 different ways of how to buy coins on Binance. Now, if you’re trying to find out how to buy on Binance because you’ve heard that it’s a complex process, rest assured – doing so with a credit/debit card is very straightforward. Select the coin you are exchanging in the top field and input the amount. Use the bottom field to select your desired cryptocurrency or fiat currency.

Frequently asked questions about buying BNB

The first one is to control prices after the token sale period. Due to a large number of sell orders, the market becomes saturated,  leading to a massive fall in price. The ICO was held within three weeks, starting on July 1st and ending on the 21st. According to ICO documents, the BNB tokens were scheduled for sale in three phases, each lasting a week. The first phase happened between the 1st and 7th and saw the sale of BNB tokens at 2,700 tokens to 1 ETH coin. In the second and third phases, that rate was reduced to 2,500 and 2,300, respectively.

List of all Binance Coin exchanges where you can buy, sell, trade BNB coin, sorted by trading volume

The investments and services offered by us may not be suitable for all investors. FinanceWorld Inc. provides only financial management and provides remote management of orders on clients’ accounts. All trading or investment decisions are fully on responsibility of the account owner and include but are not limited to any kind of loss of capital. Before you can buy crypto, you’ll need to deposit fiat currency or cryptocurrency into your Binance account. Next, you’ll be able to choose from a variety of cryptocurrencies.

Step 3: Secure Your Account

Holding BNB isn’t just about passive investment; it’s about having a say in the future direction of the Binance ecosystem. By staking your BNB tokens, you can participate in decentralized governance decisions, such as proposing and voting on network upgrades and changes. It’s like being part of a digital democracy, where every voice counts. To begin, log in to KuCoin and select how to buy pillar the Fast Trade option in the “Buy Crypto” section. This will open a window where you can adjust both the crypto you want to buy and the fiat you’ll spend.

• BNB can also be used for lower trading fees, token airdrops and VIP membership on Binance, the world’s largest centralized exchange.
• The BNB tokens will be deposited into your Trust Wallet account as soon as the payment is processed, which, if you are using a credit/debit card, should be fairly quickly.
• Confirm your transaction details, and payment method – you’ll likely use the money that you deposited earlier – and finalize the purchase by clicking “Buy” or “Trade”.
• This guide will teach you how to get started with the Binance exchange.
• That said, stETH remains a popular option for crypto investors seeking passive income.

How to buy & sell crypto easily with the Buy Crypto feature

A link will be sent to your address, and you must click it to verify your account. Once the account is activated, you must create an elaborate password, and you’re good to go. To buy BNB on Coinbase, you’ll first need to create a Coinbase account and then fund it. Then, visit the “Binance Coin (BNB)” market page and decide how many BNB tokens you want to purchase.

As you’re investing real money, you should always follow best practices when creating and using an account to make sure that you’re remaining safe online. Most exchanges need a minimum $50 deposit to exchange it for crypto. The table below offers a detailed overview of different amounts and their respective costs. After clicking on it you will need to select the currency you want to pay with. If you already own cryptocurrency and wish to exchange it for BNB, go to your Wallet and select Fiat and Spot. Store your newly purchased Binance Coin in your preferred wallet.

Just remember that all investments in cryptocurrencies are subject to some massive volatility, so don’t buy Binance Coin with any money you can’t live without. Few other coins have seen such return on investment (ROI) multiples over their lifetime. BNB is now ranked among the five most valuable digital assets with a market cap of over $55B. During its all-time high (ATH) date, it reached a market valuation of $103 billion. EToro was originally a multi-asset forex commodities indices cryptos etfs brokerage provider but has since pivoted into the crypto space. Apart from BNB and a host of other cryptocurrencies, eToro has thousands of other assets to trade including stocks, ETFs and hard metals.

This way, everyone can get a piece of the network reward system. Our beginner-friendly guide outlines everything you need to know to buy BNB confidently and start your cryptocurrency journey. Binance Coin is rather very promising, seeing how its success does not rely on it being an alternative cryptocurrency. As a cryptocurrency, it can be used to power applications and generate computing power for the network. It makes use of ERC20 tokens and is created on the Ethereum blockchain. Tokens cannot be mined, however, because the Initial Coin Offering ensures that all of the tokens have been distributed and pre-mined.

Visit the Binance website and tap on the ‘Register Now’ button. Then select ‘Create an Individual Account’ and fill in an email address, mobile number, and a strong password. This information is general in nature and is for educational purposes only. Hedge With Crypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own inquiries. To ensure your funds remain secure, enabling two-factor authentication (2FA) is highly advisable.

Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. If you want to buy Binance Coin, start by comparing a range of crypto brokers and exchanges available in the US. Use an exchange registered with FinCEN for added peace of mind. This will usually allow you to deposit cryptocurrency, but not USD.

Part of what makes bitcoin so valuable is its scarcity as its maximum supply is limited to 21 million coins. While some cryptos function as currencies, others are used to develop infrastructure. For instance, in the case of Ethereum or solana, developers are building other cryptos on top of these platform currencies, and that creates even more possibilities and cryptos. The Forbes Advisor Investing team is committed to providing unbiased rankings and information with complete editorial independence.

After you buy Binance Coin, you can transfer it to anyone across the globe, as how to buy stmx long as you know their wallet address. Just sign up for a free account in seconds from our app, then add a few personal details to verify your identity. Tap on the orange ‘Add new card’ button to fill in your card details.