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Binance Coin

How & Where to Buy Binance Coin A Step-by-Step Guide to Buying BNB

  1. Sign up at Binance.US, the #1 rated BNB exchange.
  2. Fund your account with cash or crypto.
  3. Buy Binance CoinBNB
  1. STEP 1Find the Best BNB Exchange
    • binance.us logo
      Ease of use
      Easy
      Time to 1st Buy
      24 hrs
      24h Volume
      $27,986,487
      Coins
      58

      Founded in 2019 as the USA-focused branch of the Binance family of exchanges, Binance.US supports trading in over 50 cryptocurrencies, and has the same industry standard low 0.1% fees as the original international Binance exchange. American users can buy crypto directly with a debit card, but Binance.US is not available in 7 states including New York & Texas.

    • CEX.io Crypto Exchange
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $11,759,697
      Coins
      78

      British cryptocurrency exchange CEX.IO proves that good things come in small packages, with the lowest credit and debit card fees, and one of the best off-ramp processes in the industry. Deposit fees in GBP are given a 50% discount, making them ultra-appealing to UK traders. Founded in 2013, with over 4m registered accounts. Recently branched out to the US.

    • bithumb exchange
      Ease of use
      Difficult
      Time to 1st Buy
      3 hrs
      24h Volume
      $181,059,787
      Coins
      178

      South Korea’s number one crypto exchange, which offers both a Korea-only and a global platform. On the native platform, fees are based on an interesting ticket system, whereas Bithumb Global trading fees are fixed. Plenty of coins to choose from, as well as an education platform that can reward learners for their participation.

    Go to Binance.US and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Binance Coin Binance CoinBNB quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy BNB with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for BNB.

Frequently Asked Questions About Buying & Selling Binance Coin (BNB)

How do I Buy BNB with Crypto?

If you want to buy BNB with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Binance.US and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Binance.US.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Binance Coin (BNB)?

To sell BNB, simply reverse the buying process described above. You will likely need to trade your Binance CoinBNB into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Binance Coin Research Center

Binance Coin Technical Details & Statistics

Tokenomics
  • Market Rank5
  • Market Cap58,865,463,637
  • Circulating Supply168,137,036
  • Total Supply168,137,036 BNB
  • Max Supply168,137,036
Yesterday's Trading
  • 24 HR Volume1,450,442,478 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

Binance is one of the largest cryptocurrency exchanges globally, and as previously mentioned, owning Binance Coin and keeping it on the exchange in one’s trading account can lessen transaction fees on the Binance exchange. Its benefits include the following:

  • Steep Discount on Trades: When users choose to reduce the various fees in the Binance exchange via activation of the Binance Coin option, they receive a high discount. The yearly discount will be 50%, 25%, 12.5% and 6.75%, starting from the first year.
  • Future of DEX Binance: Eventually, Binance plans to go fully decentralized, and Binance Coins will be the ‘gas’ of the network. This will make the Binance Coins extremely valuable in the future.
  • Ethereum Assurance: As an ERC20 compliant token, Binance Coin will run natively on the Ethereum blockchain, which will give the coins the solidity, security, and advanced features of the Ethereum platform including usage of Smart Contracts.
  • Repurchasing Plans: Binance will use 20% of their quarterly profit to buy back Binance Coins from their exchange. They will buy back and destroy a total of 100 million Binance Coins. With such a regular demand, it is estimated that Binance Coin’s price will remain elevated, particularly as the exchange grows in size.
  • Easy Convertibility: Users can easily exchange their Binance Coins for more popular cryptocurrencies like bitcoin, Ethereum or Dash, and others. It is a coin pairing option on the exchange, along with bitcoin and Ethereum.

What is Binance Coin?

Binance Coin is the native currency of the Binance cryptocurrency exchange. The coin can be used for multiple purposes within the exchange, such as reducing exchange fees, listing fees, withdrawal fees, and pretty much any other fee on the exchange.

Where to buy Binance Coin (BNB) in the US?

The following two crypto exchanges are top-rated for trading BNB, which is the world’s 4th largest cryptocurrency, behind only Bitcoin (BTC), Ethereum (ETH), and Tether (USDT):

  • Binance.US is owned by the same parent company that started the Binance Coin (BNB), so it’s only reasonable to expect high liquidity and plenty of trading options. With 4 different markets, BNB/USD, BNB/USDT, BNB/BTC, and BNB/BUSD, users won’t be disappointed.
  • Gate.io offers three market pairs, BNB/USDT, BNB/KRW (Korean Won), and BNB/BTC.

Where to buy Binance Coin (BNB) in Europe?

European traders have access to a wider range of cryptocurrency exchanges and a larger selection of market pairs:

  • Binance – The home of BNB, offering around 150 different trading pairs!
  • Gate.io – 3 markets
  • KuCoin – 3 markets
  • Poloniex – 4 markets
  • FTX – 3 markets

As the native cryptocurrency on Binance, users can unlock further rewards for trading BNB, such as discounted transaction fees. In addition, there are also opportunities to stake BNB and earn a passive income.

Trading on Binance DEX

Binance DEX is a decentralized crypto exchange offered by Binance, where traders can trade without making an account or providing any personal information. Users have the option of using WalletConnect to pair with their external wallet (if compatible) or using a Keystore file to open a decentralized wallet. 

Binance DEX is great for projects who want to create BEP2 and BEP8 tokens instead of ERC-20 (the most common type of cryptocurrency). There are 77 different trading pairs on Binance DEX, but most of these coins will be unfamiliar even to regular traders, meaning it’s a great place to spot a bargain! 

How Binance Coin Works

Binance Coin can be purchased on the Binance exchange with popular cryptocurrencies like bitcoin, Ethereum, and a few more. Once Binance coin is purchased, it can be used on the Binance cryptocurrency exchange for multiple purposes like exchange fees, listing fees, and withdrawal fees. Once the Binance Coin is in the Binance account of the user, during every transaction, the user gets the option to use Binance Coin to pay the fees. This feature is activated in the Settings portion of the user profile. A user only needs to tick the “Activate Binance Coin to Pay for Fees” switch, and fees will be reduced by a set percentage (currently 50%).

History of Binance Coin

Binance is headed by Changpeng Zhao (founder of BijieTech and OKChain), Yi He, and Da Hongfei. The company has a close working relationship with the NEO cryptocurrency organization. Binance went live in an ICO (Initial Coin Offering) in 2017, in which Binance Coins were distributed to ICO participants. A total of 200 million Binance Coins will be created, out of which only 100 million coins will remain in circulation after a series of planned company buybacks and destruction periods.