All of these processes are relatively simple and offer easy access for both beginners and crypto natives alike. Otherwise, many crypto exchanges also offer an “instant buy” feature using a credit card. However, be warned that this comes with higher fees and other added risks.
You can always see your profit and loss (P&L) in the form of USD or as a percentage of that specific investment. If this is your first time opening a crypto trading page, you will receive the following message from eToro. You can also convert or swap your BNB for other BSC-based tokens, and even tokens from other chains (primarily Ethereum) through PancakeSwap. Given the volatility of cryptocurrencies like BNB, there are some factors to consider before making an investment. Many or all of the products featured here are from our partners who compensate us.
Should I Buy Binance Coin Now?
Like the Ethereum blockchain, BSC is an ecosystem that powers a variety of decentralised applications (dApps) and smart contracts. But, one of the key differences here is that BSC does so without the high transaction fees and low transaction speeds the Ethereum network https://topbitcoinnews.org/ has often been criticised for. Users can set up recurring buys or even stake their crypto, a unique feature not all platforms offer. Setting up recurring buys can be especially useful if you want to utilise the Dollar-Cost Averaging (DCA) investment strategy.
One unique aspect of eToro is its CopyTrader feature which allows you to copy the trades of professional traders, perfect for those new to the industry or who want a hands-off experience. Below is a list of our carefully selected trading platforms and crypto exchanges that you can use to buy BNB. CEX.IO supports card payments in USD, GBP, EUR, and RUB, but don’t worry if you don’t have a payment card with one of these currencies. You can use the card with your local currency to buy Binance Coin (BNB) using the Instant Buy service or for a deposit. Just double-check before the transaction that your bank card supports international transactions and currency conversions.
How to buy Binance Coin?
The platform will ask you to put in your card details to make your first deposit. You can trade BNB on Binance’s exchange or stake it on the How to buy binance BSC network to earn interest. Binance also has its own decentralized exchange, the Binance DEX where you can trade for a network fee.
- Binance provides the Binance Academy, similar to Gemini’s Cryptopedia, where users can access tutorials or helpful articles resembling cryptocurrency trading courses.
- There was no reason this should’ve happened since we bought it through the app especially for longer than a week .
- After funding your CEX.IO account, you can start trading BNB on CEX.IO or use an Exchange service in the mobile app.
- Being a crypto investor requires taking security seriously and owning your private keys gives you much more power and control.
- Although we looked mainly at Binance, we also evaluated Binance.US features applicable to U.S. residents.
- While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process.
This bureau safeguards the US financial system by working to prevent money laundering, terrorist-financing activity and other financial crimes. Binance Coin (BNB) is a utility coin created by the world’s largest trading-volume crypto exchange, Binance. While this has helped make BNB the #4 crypto by market cap, Binance Coin is still a highly volatile asset capable of major price swings in a single day.
Binance vs. Coinbase: Ease of Use
This influences which products we write about and where and how the product appears on a page. There are many alternative places to buy BNB apart from Binance itself. EToro, Coinbase and Nexo are three recommended platforms where you can purchase BNB.
- Ledger hardware wallets – Allow you to safely store BNB as well as a variety of other altcoins.
- Although the Binance platform is user-friendly and offers three levels organized according to trading experience, it isn’t nearly as easy to use as Coinbase is.
- You can also use a bank transfer or choose from other payment options offered on the exchange platform.
- Cold wallets are the safest option for long-term investors, particularly if you are investing sizeable funds.
- If this is your first time buying cryptocurrency you’ll need to look for a platform that accepts US dollars, like KuCoin or .
Our hardware wallets are compatible with more than 1500+ different assets, including Bitcoin, Ethereum, Ripple and many more. Crypto are sensitive assets and deserve the best security solution. Our hardware wallets let you take control of your assets, with the highest security standards. Binance Coin is the cryptocurrency coin that powers the Binance ecosystem. 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. You can use our mobile app CCWallet, if you want to hold your BNB.
Binance vs. Coinbase: Features
Easily discover all details about cryptocurrencies, best crypto exchanges & wallets in one place. Read fact-based BitDegree crypto reviews, tutorials & comparisons – make an informed decision by choosing only the most secure & trustful crypto companies. Binance is one of the most popular crypto exchange platforms on the market. As you probably already know, it offers users a wide variety of benefits, and is considered to be at the top, as far as reputability and trustworthiness are concerned. Today, in this tutorial, we’ll talk about how to buy on Binance, on top of some other things. The BNB tokens will be deposited into your Trust Wallet account as soon as the payment is processed, which, if you are using a credit/debit card, should be fairly quickly.
Can I directly buy BNB?
If you are looking for platforms through which to buy BNB, take a look at eToro, Trust Wallet, or the MetaMask browser wallet. All these platforms offer payment methods to buy BNB with your credit or debit card. It also offers stocks, forex, and ETFs (Exchange-Traded Funds), making it an ideal platform for retail investors who want to diversify their portfolios.
A confirmation message will appear for you to confirm your request, after which your transaction will be processed and your money will be transferred to your fiat wallet. On the top field, you are to enter the cryptocurrency which you are exchanging and then input the amount you want to trade. Once the trade is executed, the trading fees will be deducted as well. Trust Wallet is a mobile crypto wallet application available for iOS and Android devices. It is the simplest way to buy BNB without creating an account with any centralized exchange.