If you want to invest in Binance Coin, here’s what you need to know. To do this, however, you will have to acquire it from an exchange platform that is legal in your country. After acquiring, you can then follow the steps highlighted in the previous section in order to buy Binance Coins. Binance Coin can be used to make payments on Crypto.com, HTC, and Monetha. Payments can also be made for the purpose of booking travel accommodation on sites like TravelbyBit. Navigate to theCryptocurrenciestab in the menu bar above and pick your desired cryptocurrency.
- Many of the exchanges that we have listed do not charge any fee for buying BNB tokens.
- Make sure you select the Binance Smart Chain address instead of the BEP2 or ERC20.
- BNB tokens can be traded for another cryptocurrency or a stablecoin; the trading pairs vary between exchanges.
- Easily Buy, Sell, and Hold Binance Coin at the BuyUcoin secure Cryptocurrency Exchange and Wallet.
Binance Coin is not just the native cryptocurrency inside this expanding ecosystem, but its applications have also multiplied tremendously. MetaMask is the go-to wallet for anyone who’s spent time in the crypto space. MetaMask has a mobile app and https://tradecrypto.com/events/conferences/decipher-2022/ browser extension that allows you to get quick access to a huge variety of tokens. Traditionally, MetaMask is used for Ethereum-based tokens , however, there is a way to connect your MetaMask wallet to the Binance Smart Chain to store your BNB.
Buy Binance Coin through eToro
36crypto provides information about the crypto space and other related platforms like NFT and the Metaverse. We bring up-to-date daily coverage on crypto prices and cryptocurrency exchanges like Binance, Coinbase, Kraken, Gemini, and others. The best and safest way to save your BNB will be on the hardware wallets. Read this article to learn more about the top 5 crypto wallets you can use to store cryptocurrency. It was first given as an ICO back in 2017 when Binance was planning to raise funds for its cryptocurrency exchange operation.
To buy BNB with a credit or debit card you simply navigate to the deposits page at Binance. The most popular way to buy BNB at Binance is with a credit or debit card. You can buy BNB at quite a few crypto exchanges, but Binance is the preferred venue of choice for this transaction. His focus is primarily on blockchain technology and cryptocurrency.
Download Atomic Wallet
This cuts out all the hassle you are running into at the moment on Trust Wallet with MoonPay and Simplex. Fees wise also Changelly is quite cheap as it only charges 0.25% as the trading fee and I think the price is worth paying for bypassing the hassle of trading on an order-book exchange. On these exchanges, you will also have the liberty https://tradecrypto.com/news/crypto-industry-news/77-1-of-salvadorans-surveyed-think-the-gov-t-should-stop-spending-public-money-on-bitcoin/ to bid on fiat trading pairs, so if you are someone who likes this feature, you must use these above-listed exchanges to buy BNB. But once you are done with your KYC, you can very well transfer fiat currencies to fiat supporting exchanges that deal in Binance Coin. Numerous new investors belittle the expense and costs of trading BNB.
If you are just starting out, we recommend you to only submit the minimum deposit which is generally between $250 and $500. Many brokers offer a wide scope of payment ways including wire transfer, bank cards, and e-instalment methods. You should consider all the components of your preferred payment method before you choose. Top factors are the cost of the transaction, deposit, and withdrawals alongside speed and availability.
What Can You Do With BNB?
It is equal to the price of 1 BNB multiplied by the number of BNB in circulation. Kriptomat is 100% compliant with all government regulations and is fully licensed under EU legislation. Binance Coin is a powerful speculative investment tool, so many customers buy and hold in the hopes of gaining massive profits. In-depth information and Binance Coin price updates are always easy to find at Kriptomat.
The token issued as part of the ICO was priced at $0.1 per 1 BNB. It has become the native token of the Binance blockchain and globally valuable crypto by market capitalization. Binance Coin is traded on almost all the major cryptocurrency brokers available on the internet. When https://tradecrypto.com/author/artemustinov/ brokers have renown cryptocurrencies on their platform that means the platform is considered safe and secure by the major currency companies available on the platform. You can buy the native coin at the Binance Exchange, but you can’t pay there with easy payment methods.
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Lastly, you can select “Buy Crypto” from the navigation menu and click where Bitcoin is selected then search and select TerraUSD and buy. Now that you have your fiat converted to Tether you can buy almost any crypto pairs that are available on the Binance market, including UST. If you plan https://tradecrypto.com/news/crypto-industry-news/revolut-will-develop-a-crypto-wallet-and-add-a-staking/ on saving your SPELL TOKEN for a long period of time then it is smart to store it in a wallet off of Binance such as Ledger, Tresor, or Exodus. With USDT in your Binance account, you can now click Trade, then Markets, in the navigation menu then search the Binance market for SPELL TOKEN .
MoonPay is available in more than 160+ countries with over 30 local currencies and 80 cryptocurrencies support. This 4-step KYC process of Transak will take 2-4 mins and you will need your SSN number and address/ ID proof to be uploaded. Second, you should have some bitcoins/altcoins to exchange for BNB. So if you have Bitcoin or Ethereum or any other currency which is supported by Changelly, then you can exchange it easily for BNB coin. But before that, I want to tell you that BNB is the only crypto that is holding up in this crypto winter and is trading at $6 mark after reaching its all-time high of $17 last year.
- This means that you will own the BNB coins, but eToro will store them for you.
- Enter the amount of money you’d like to deposit in the right hand column and then follow the instructions given.
- Last but not least, we’ve made the entire process as simple as possible.