Once your account is funded, enter the exchange’s trading platform. When you’ve found an exchange, you can fund your account with a debit card, credit card or electronic bank transfer. 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. Not all crypto exchanges offer BNB trading, so do some homework to find a cryptocurrency exchange that does. To buy cryptocurrency, you first need an account with a cryptocurrency exchange-a platform that facilitates crypto trades. If you decide to invest in Binance Coin, follow these steps to get started: 1. Exchanges that pair Binance Coin and Tether include: Some investors look for trading pairs, where a cryptocurrency token like Binance Coin is paired with a stablecoin like Tether. Even popular exchanges like Kraken and Gemini don’t offer BNB trading.Ĭryptocurrency exchanges that allow users to buy and sell BNB with either fiat currency or other cryptocurrencies include:īinance.US users also receive a 25% discount on trading costs when using BNB to pay fees. Where Can I Buy Binance Coin?ĭespite Binance’s popularity, Binance Coin is not available on all exchanges.
It can also be used to trade for other cryptocurrencies, such as Bitcoin, Dogecoin or Litecoin. This strategy is designed to make the supply of BNB more exclusive and valuable.īinance Coin holders can use the tokens to receive discounts on Binance crypto exchange transaction fees. Every quarter, Binance uses 20% of its profits to buy back and burn Binance Coins, removing them from circulation and permanently destroying them.īinance will continue this process every quarter until it destroys 100 million Binance Coins-approximately 50% of the supply. 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.Ī unique feature of Binance Coin is coin burning. According to Binance, the cryptocurrency exchange is the largest in the world based on trading volume.īinance Coin is the cryptocurrency coin that powers the Binance ecosystem. On 's Website What Is Binance Coin (BNB)?īinance has launched a decentralized crypto exchange, a peer-to-peer crypto trading platform and two parallel blockchains: Binance Smart Chain (BSC) and Binance Chain.
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