Binance Coin, or BNB, is a popular cryptocurrency that has a market capitalization to rival many other cryptocurrencies in this space. It is backed by the Binance exchange and has been overwhelmingly successful since its inception. A beginner’s guide to buying Binance Coin? Sounds great! How Does Binance Coin Work?
BNB is a cryptocurrency, that can be used to pay for services on the Binance exchange. It is also an ERC-20-based token and it has been tradable since November 2017. The company raised $15 million in an initial coin offering (ICO) in July 2017 and has a market capitalization of over.
Where to Buy Binance Coin
Binance Coin, which is used on the Binance platform, provides traders with a 50% discount when they use it to pay for trading fees.
The exchange, which is still in the beta phases and is only available for select crypto assets, has seen exponential growth since its launch in 2017, with the main reason being low transaction costs.
Binance is a platform that allows trades of various cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and more.
If you’re wondering where to buy Binance Coin, this popular cryptocurrency is supported by more than 100+ brokers and exchanges. Read the following reviews to determine the best place to buy BNB today
1. EToro – Overall Best Place to Buy Binance Coin for 2022
EToro is a popular online broker and trading platform that is home to thousands of assets across stocks, ETFs, forex, hard metals, energies, and cryptocurrencies like Binance Coin. Opening an account at eToro is a breeze and the site offers security measures you can rely on.
From secure password settings to thorough licensing and regulation, there’s no reason not to open an account with eToro. GBP deposits are available at just 0.5% in the GBP market, which is one of the lowest pricing structures in the world.
You only need to cover your deposit fee for a few supported deposits/withdrawals- such as PayPal, Skrill, debit/credit cards, and bank transfers. With eToro, you can place an order to buy cryptocurrencies. The spread is determined by the current value of the currency and will only be paid once the order is executed.
When it comes to account minimums
Both deposits and cryptocurrency investments can be made for just $10 – which is about £7. This means that with a small capital outlay, you could diversify your portfolio for big gains.
You can buy stocks and ETFs for 0% commission on the eToro website. This makes investing fun and a quicker way to learn from experienced traders. The cryptocurrency trading site eToro provides a variety of currencies. That can be bought with low spreads. This can allow you to do efficient cryptocurrency trading anywhere, at any time.
Suppose you want to copy an eToro trader whose account has a positive balance. After investing $1,000, your chosen trader risks 15% of their capital on a Binance Coin buy order. By taking advantage of this smart trading strategy, you will automatically be buying $150 worth of Binance coins with the trade.
EToro has a selection of prebuilt portfolios, which are managed on your behalf. Some of the most popular ones here include crypto, energy, growth stocks, and dividend shares.
2. Crypto.com – User-Friendly App to Buy Binance Coin
Crypto.com is a great way to buy BNB and other cryptos on your mobile device. The app is easy to use, even for the greenest of newbies, and people can trade cryptos securely with reduced fees. You’ll also be able to use super-user-friendly features. That is customized specifically for mobile devices.
This is one of the fastest-growing and best exchanges in the world. Which can be used to purchase other 150 different cryptocurrencies at competitive fees of just 0.4% per trade.
Cryptocurrency exchange Cryptsy offers some unique features that make it stand out from others in the field. One example is the 10% fee reduction if you pay with native CRO tokens. Besides that, they are now offering a Crypto.com VISA Card to receive cash back through their platform.
We really like that you can complete “missions” on the Crypto.com app and get rewards in Diamonds. These can then be exchanged for Mystery Boxes containing various amounts of CRO (Cryptocurrency) or even a credit check-free loan if needed. You don’t have to worry about liquidity issues here.
3. Binance – Buy BNB Directly From Binance
Binance Coin is backed by a cryptocurrency of the same name. Buying Binance Coin on this popular platform will be very easy. Many online cryptocurrency trading platforms have to pay fees for each transaction. That passes through their network. For example, Binance does not have the legal power of a credit or debit card issuer, meaning they are not legally mandated to collect any more than its own cut.
If you’re experienced with Binance, you’ve probably heard of their proprietary NFT marketplace. But if you want to get started trading these unique tokens, then first buy Ethereum (ETH) before purchasing any new cryptos.
Simply head over to the Express P2P section of the crypto exchange, choose how many ETH tokens you want to buy, and click on ‘Buy’. Once you place your order, crypto will be escrowed via Binance’s P2P.
Since the exchange has a partner. With several third parties, Binance no longer offers a “free withdrawals” option. Previously, you could withdraw money from your bank account via Faster Payments, but this is no longer possible. You can also exchange your cryptocurrency for a “real” currency to save on fees when using a credit or debit card. It’s still cheaper than paying US dollars and euros.
Binance Coin also referred to as BNB, is one of the most popular digital currencies and a strong choice for those interested in crypto assets. Binance provides backing to this token and it has since become popular among investors.
We will walk you through the strategy to buy Binance Coins on a regulated trading platform in this beginner’s guide!
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