Users interested in saving in fees and hitting on their financial targets faster can easily acquire BNB tokens and get a 25% write-off in fees.Cryptocurrency is a digital or virtual currency that's created by cryptography. Holders of Binance Coin stand a chance of enjoying reduced charges for trading on the Binance exchange. Aside from its multiple use cases, the digital asset is a discount token. Also, in the utilitarian initiative of the Binance ecosystem, BNB is accepted as a payment method for travel, ticket sales and several others. To use dApps built atop the Binance Smart Chain, users would need BNB to initiate transactions. Initially launched as an ERC-20 token on the Ethereum network, the digital asset has since migrated to the fast-rising Binance Smart Chain (BSC) network. Given that Binance holds the top spot in crypto trading, investors can be guaranteed that their trades will be executed rapidly due to the deep liquidity of the coin. Over $1.5 billion worth of BNB is traded daily. At the present time, the BNB coin is worth well over $48 billion in market valuation, which points to high trading volume. Aside from the potential profit investors can make from holding the asset, here are a few other reasons to buy the asset. Is BNB a Good Investment?īinance Coin recorded an estimated 500% increase between late December 2020 to April 2021 as it shot to $650 in value. Although the customer service support on the platform can be poor and users have experienced slow and unsatisfied responses as discovered in our full review on Exchange. Overall, the platform is a good choice to buy BNB with competitive fees and a premier crypto app that is available on Android and iOS. Like Binance, this feature makes a top choice for getting started with BNB tokens with the added bonus of earning yield through its Earn products. More specifically, has the option to stake BNB tokens to earn passive rewards. Users also have the option to stake their crypto and earn interest of up to 14.5% on the platform. Like the other exchanges, supports bank transfer, wire transfers, credit/debit card, SEPA, Transfer, Wise, PayPal & others.Īlong with being a crypto exchange, also has an NFT marketplace. Along with BNB, there are 150 other cryptocurrencies available to buy on the platform. This section reviews some of the top cryptocurrency exchanges that allow investors to buy BNB:īuying BNB is very easy with the user-friendly UI is popularly known to have. Wondering what the top platforms to buy Binance Coin are? Not all trading platforms support BNB tokens such as Coinbase. The amount of Binance coin will be determined at the selected price and transferred to the user's BNB wallet. Finalize the transaction by clicking on 'Buy'. Use the funded account to choose an amount to spend. Browse the supported assets and choose BNB. USDC, USDT or BUSD) which can be converted into BNB tokens. Choose a payment option such a bank transfer, wire transfer, debit card, credit card and PayPal if buying with fiat currency. Before making a deposit in fiat currency, exchanges have a mandatory Know Your Customer (KYC) process that will need to be completed. Create an account with a crypto exchange using a valid email address or mobile number. Find and compare cryptocurrency exchanges that are available within the specific country and support the fiat currency that is to be converted into BNB tokens. The easiest and safest way to purchase Binance coin is using a centralized crypto exchange and by following these steps:
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