Once your account is funded, enter the exchange’s trading platform. 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. If you’re an experienced crypto trader and want to open an account with Binance, sign up for a Binance account or download the Binance crypto trading app.
- Discover trading opportunities across markets with our Advanced Trading interface.
- There is a growing number of charities that accept donations in Binance Coin and cryptocurrency.
- (Terms and conditions apply.) You can then use these deposited funds to purchase Bitcoin on the Spot, Margin, and Futures markets on Binance.
- Even popular exchanges like Kraken and Gemini don’t offer BNB trading.
- With thousands of merchants and hundreds of payment methods available, Binance P2P caters to many regions in the world right now.
Not all crypto exchanges offer BNB trading, so do some homework to find a cryptocurrency exchange that does. There are many exchanges, from ones designed for beginners and basic trading features to more advanced ones for seasoned investors looking for more complex options like margin trading or futures. 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. Bitcoin is the most popular and widely used cryptocurrency in the world.
.css-6hm6tlbox-sizing:border-box;margin:0;min-width:0;color:#1E2329;What is Bitcoin?
Binance Coin (BNB) is the exchange’s native token, which is currently the fifth-largest crypto by market cap. We’re the world’s largest crypto exchange trusted by millions of users worldwide. Binance Coin is the cryptocurrency coin that powers the Binance ecosystem. BNB was launched in 2017—initially on the Ethereum blockchain—with an initial coin offering, or ICO, of 100 million tokens at 15 cents per token.
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Although some exchanges allow you to use credit cards, we caution you against this funding method. Credit card issuers view cryptocurrency trades as cash advances, so you’ll incur higher fees and annual percentage rates (APRs). And borrowing money to invest is risky, particularly when trading cryptocurrency, and you could end up in debt. Unlike other crypto exchanges, we charge 0% transaction fees when you buy or trade Bitcoin or Ethereum on select pairs, and offer some of the lowest fees on cryptocurrencies you love. Binance Coin (BNB), is a utility token for trade discounts on Binance, the largest crypto exchange. It’s also used as “gas” for the Binance Smart Chain, a blockchain network built to run smart contracts.
Learn the basics so you can start your crypto journey with confidence. Binance will continue this process every quarter until it destroys 100 million Binance Coins—approximately 50% of the supply. This strategy is designed to make the supply of BNB more exclusive and valuable. Despite recent price fluctuations, some investors believe Binance Coin has plenty of growth potential. If you want to invest in Binance Coin, here’s what you need to know.
Step 1: Create your Binance Account
There is a growing number of charities that accept donations in Binance Coin and cryptocurrency. Store your newly purchased Binance Coin in your preferred wallet There are many custodial and non-custodial wallets to choose from. Access DeFi on the Binance Smart Chain to multiply your returns via staking, yield aggregator vaults, and more BNB DeFi applications. Discover trading opportunities across markets with our Advanced Trading interface.
Buy Bitcoin directly from other Binance users with your local fiat currency via Binance P2P. Browse a variety of Bitcoin listings to shop the best offers on Bitcoin from other users. With thousands of merchants and hundreds of payment methods available, Binance P2P caters to many regions in the world right now. Sign up with your email address or mobile phone number, and choose a strong password.
Otherwise, read this article for step-by-step instructions on how to buy Bitcoin with Binance. Purchase Binance Coin in more than 150 countries using the local currency of your bank account. Use Pay on the Binance.US app to send, request, and receive crypto instantly with zero transaction fees.
What is Binance Coin (BNB)?
Bitcoin is the most popular cryptocurrency and has triggered the launch of hundreds of other cryptocurrencies, collectively referred to as altcoins. Use your Binance Coin to purchase goods and services from any participating merchant that accepts Binance Coin and cryptocurrency. After you buy Binance Coin, you can transfer it to anyone across the globe, as long as you know their %name% wallet address. All crypto rewards passed onto you are generated by the protocols underlying each token eligible for staking. After you buy Binance Coin, you can transfer it to anyone across the globe, as long as you know their Binance Coin wallet address.
Make smarter trades with deep liquidity, powerful charting capabilities, and ultra-low fees you won’t find on other crypto exchanges. When you’ve found an exchange, you can fund your account with a debit card, credit card or electronic bank transfer. Binance is one of the top cryptocurrency exchanges in the world, facilitating 1.4 million transactions per second.
- Otherwise, read this article for step-by-step instructions on how to buy Bitcoin with Binance.
- Binance Coin is the cryptocurrency coin that powers the Binance ecosystem.
- After you buy Binance Coin, you can transfer it to anyone across the globe, as long as you know their Binance Coin wallet address.
- BNB was launched in 2017—initially on the Ethereum blockchain—with an initial coin offering, or ICO, of 100 million tokens at 15 cents per token.
- Although BNB is popular, think carefully before investing your money in the token—or any cryptocurrency.
(Terms and conditions apply.) You can then use these deposited funds to purchase Bitcoin on the Spot, Margin, and Futures markets on Binance. Depending on the local currency you select, you can choose another payment method that’s available to you. Bitcoin value follows the law of supply and demand — and the cryptocurrency’s price fluctuates with the number of users willing to use it. Use your Binance Coin to purchase goods and services from any participating merchant that accepts %name% and cryptocurrency. Convert your Binance Coin to another cryptocurrency directly in your wallet or by using a DeFi application. Start staking ETH, BNB, ADA, and 25+ Proof-of-Stake cryptocurrencies.
Or, download the Binance crypto trading app from the App Store or Google Play store and open an account there. Although BNB is popular, think carefully before investing your money in the token—or any cryptocurrency. Cryptocurrencies can be volatile, with steep price increases and decreases. Set an investing budget for yourself and only risk money you don’t need for essential expenses. To buy cryptocurrency, you first need an account with a cryptocurrency exchange—a platform that facilitates crypto trades. Buy Binance Coin instantly with a credit or debit card, bank transfer, Apple Pay, Google Pay, and more.
Support your favorite projects and help secure their blockchain network. Binance.US users also receive a 25% discount on trading costs when using BNB to pay fees. Despite Binance’s popularity, Binance Coin is not available on all exchanges. Even popular exchanges like Kraken and Gemini don’t offer BNB trading.