Binance coin is one of the leading top 10 cryptocurrencies. It has its own unique features, and one of its features consists of Coin burning. Each quarter, Binance liquidates and burns 20% of its revenues and will continue with the coin-burning process to eliminate 100 million BNB coins, i.e., 50% of the supply. This method is used to make BNB coins more valuable and effective. Let’s understand how to buy Binance coin with ease.
How to buy Binance Coins (BNB) in three easy steps?
Step 1: Choose a platform for Crypto exchange
Step 2: Decide the amount you want to invest in BNB coins
Step 3: Place an order
Step 1: Choose a platform for Crypto exchange
Find a platform where you can buy BNB coins. To buy BNB coins, you must open an account on one of the crypto exchanges. Not all Crypto exchanges let you buy BNB coins. So make sure you open your account on the platform which facilitates the use and sale of BNB coins.
Step 2: Decide the amount you want to invest in BNB coins
Now that you have decided on the platform and have signed up. It’s time to think about the amount you want to invest. Ensure you read all the rules and policies before funding your account. Generally, linking credit/debit cards or connecting bank accounts is only available and funds your amount.
Step 3: Place an order
Now when you have linked your account and funded your crypto exchange account. Every Crypto exchange holds different steps and processes. You should check out how the rules guide these steps and place an order for BNB coins.
Also read: BNB Pricing Prediction
Popular video guides on buying Binance Coins (BNB)
Where to buy Binance Coin (BNB)?
Also read: Bitcoin Prices Live
1. Coinbase
Coinbase is a renowned Cryptocurrency exchange platform. Presente in 100 countries and with over 108 million investors using Coinbase for exchange of Crypto, Coinbase has made a name for itself. Great for new investors, Coinbase is the best platform for ease of use thanks to its user-friendly web platform. So even a layman can invest easily on Binance coins by using Coinbase.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | June 2012 |
| Deposit Methods | Debit Cards, Wire Transfers, Bank Accounts, Paypal, Apple Pay, Google Pay |
| Deposit Fees | 0 - 2.5% depending on the payment method |
| Cryptos Listed | 170 |
| Trading Fees | 1% |
| Fiat Currencies Supported | USD, GBP, EUR |
| Trustworthiness | Safe |
2. Binance
Binance holds the record for 1.4 million transactions per second and is the second-largest cryptocurrency exchange. Binance has a high record of transactions listed every second, so they have a world-class machine engine that makes your transactions speedy and trustworthy. All these things make Binance the best platform to buy Binance coins.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2017 |
| Deposit Methods | Bank Deposit, Cash Balance, Credit/Debit Card, P2P Trading |
| Deposit Fees | Free |
| Cryptos Listed | BNB, XRP, DOGE, USDT, ETH, LTC, ADA, LINK |
| Trading Fees | 0.1% |
| Fiat Currencies Supported | 27 |
| Trustworthiness | Safe |
3. KuCoin
Kucoin is one of the crypto exchanges that works in 200 countries with 10 million global investors. Ku coin is present in 20+ communities with over $2 billion trading volume and is winning customers' trust with adequate services. Ku coin has lower fees when compared to other crypto exchanges, which makes this platform the right choice for you to buy Binance coins.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2017 |
| Deposit Methods | Bank deposit, credit/debit card |
| Deposit Fees | Free |
| Cryptos Listed | BNB, XRP, DOGE, USDT, ETH, LTC, ADA, LINK |
| Trading Fees | 0.1% |
| Fiat Currencies Supported | 17 |
| Trustworthiness | Safe |
Frequently Asked Questions
Where can you buy BNB with a credit or debit card?
To buy BNB with a credit or debit card, you can sign up on Binance. Connect your debit/ credit card account with Binance, enter the amount you are willing to invest in BNB and complete the further processes.
What will you need to buy BNB?
To buy BNB, you need to sign up on any crypto currency exchange platform like Binance connect your debit card or credit card and make the deposit which suits you best.
What is the easiest way to buy BNB?
The easiest way to buy BNB is to sign up or register yourself in one of the crypto currency exchanges like Kucoin or Binance. After signing up, link your bank account and deposit the money into your wallet and buy the BNB coins.
Best wallets to store your BNB
Best wallets to store your BNB coins are, Exodus wallet, Binance wallet, Trezor T model wallet.
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