Everyone wants winning cryptocurrencies.
By winning, I mean cryptos that have a good chance of future price appreciation and a good team working on it to deliver the promised product.
In my opinion, Binance Coin (BNB) is one of them and this I have claimed in my, ‘Which Cryptocurrencies Will Survive In Next 5 Years [Quick Opinion]’ piece also.
Those of haven’t read that piece yet; I strongly recommend you to go through it.
But I think you already know about Binance Coin (BNB), which is the native currency of Binance cryptocurrency exchange.
Binance Coin is also a deflationary cryptocurrency because the issuers plan to burn BNB until its supply reaches 100 million tokens and this itself should be a bullish signal for its long term growth.
To make it more exciting, Binance will be soon launching its Binance DEX and Binance Chain where BNB tokens will play a major role just like ETH plays on Ethereum’s blockchain.
All these naturally want investors to invest in BNB tokens, and that’s exactly we are going to discuss so that you can pick the best way to buy BNB token?
But before that, I want to tell you that BNB is the only crypto that is holding up in this crypto winter and is trading at $6 mark after reaching its all-time high of $17 last year.
So let’s get in:
How To Buy Binance Coin (BNB)?
Binance is the only cryptocurrency related to cryptocurrency exchange that has garnered so much attention in a very short period.
This is largely because of the Binance team which is always pushing forward and delivering the things as promised.
And the fact that BNB token itself is a native token of Binance exchange, there quite a few options through which you can buy BNB coin.
So here are all the popular options that will answer your question, ‘How to buy Binance Coin?’:
- Buy Binance Coin (BNB) with Bitcoin or Ethereum using Changelly
- Buy Binance Coin (BNB) with USD, EUR, etc. via bank deposits or wire transfer
- Buy Binance Coin (BNB) peer-to-peer with Cash
- Buy Binance Coin (BNB) from crypto exchanges with other cryptocurrencies
Now that you know all the options through which you can buy Binance coin. Let’s see all the avenues, ‘where you can buy BNB coin’?
Where To Buy Binance Coin (BNB)?
#1. Buy Binance Coin (BNB) with Bitcoin or Ethereum using Changelly
Binance Coin has been here for some time, and that’s why you will find enough options to be able to buy BNB. One such easy way of getting hold of BNB coin is through Changelly.
Changelly is an instant cryptocurrency exchange where you can swap one currency for another, and as of now, it supports more than 60 cryptocurrencies including BNB.
So if you have Bitcoin or Ethereum or any other currency which is supported by Changelly, then you can exchange it easily for BNB coin.
Fees wise also Changelly is quite cheap as it only charges 0.5% as the trading fee and I think the price is worth paying for bypassing the hassle of trading on an order-book exchange.
To do this, you will need to do this:
- First, get your BNB address ready where you would like to receive your BNB.
- Second, you should have some bitcoins/altcoins to exchange for BNB.
Head on to Changelly and select one of their recommended ways to exchange BTC/ETH for BNB and you should be doing just fine.
Note: Sometimes the exchange can take time, but you need not worry as your transaction history is always available for audit once you have registered on Changelly.
#2. Buy Binance Coin (BNB) from crypto exchanges with other cryptocurrencies
Don’t like fiat currencies and KYC checks?
Well, then this option is for you !!
You can buy Binance Coin from crypto-to-crypto exchanges also which don’t touch fiat.
If you are someone who likes real-time order books and already has BTC/ETH/USDT or other currencies then you can trade them for BNB, it’s easy.
You can just register yourself on one of these Binance exchanges and exchange your currencies into BNB by bidding on their order books.
Here are some of the established cryptocurrency exchanges that you can use for this:
- Binance: Supported pairs are BNB/BTC, BNB/ETH, BNB/USDT, BNB/USDC
- Gate.io: Supported pairs are BNB/USDT
- IDEX: Supported pairs are BNB/ETH,
#3. Buy Binance Coin (BNB) with USD, EUR, etc. via bank deposits or wire transfer
Another easy way of buying cryptocurrencies is through fiat supporting exchanges where you can find fiat linked crypto wallets.
You need to complete your KYC before starting to trade on these exchanges because fiat currency laws of different countries require you to abide by this.
But once you are done with your KYC, you can very well transfer fiat currencies (like USD, EUR) to fiat supporting exchanges that deal in Binance Coin.
Here are those fiat linked crypto exchanges that allow you to buy BNB for USD:
- P2PB2B: Supported trading pairs are, BNB/ USD
- Exrates: Supported trading pairs, BNB/ USD
On these exchanges, you will also have the liberty to bid on fiat trading pairs, so if you are someone who likes this feature, you must use these above-listed exchanges to buy BNB.
Easy Alternative: If you don’t have any Bitcoins, buy them at Coinbase and then send it to your BTC wallet at Binance. You then use the BTC to purchase Binance Coin (BNB).
Conclusion: Which Is The Best Way To Buy/Sell Binance Coin (BNB)?
Binance coin at the time of publishing is an ERC20 token hosted on the Ethereum blockchain that’s you can easily store BNB on ERC20 wallets.
But soon that will change as Binance will be launching its blockchain and also its native wallet, but untill that time I suggest that you should not store your BNB on above-listed exchanges.
Instead, you should look a Ledger Nano S or MyEtherWallet like wallets.
Lastly, all the services that we have listed above are vetted by us, so you need not worry about the security and these exchanges have decent liquidity, so don’t even give a thought about it.
So that’s all from our side today in this exclusive guide on ‘how & where to buy BNB coin?’
Now you tell us: Do you have BNB in your portfolio? What do you think about BNB coin in the long term? Do share your thoughts on the price action and BNB’s future in the comments section below:)
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- How To Buy Binance Coin (BNB)?
- Where To Buy Binance Coin (BNB)?
- Conclusion: Which Is The Best Way To Buy/Sell Binance Coin (BNB)?