How to Buy BNB

BNB (BNB) cryptocurrency ranks at 4 place by capitalization. It’s 28 February 2024 on $63,117,462,359 year. Circulating supply: 153,856,150. Maximum supply – 200,000,000. The price of BNB for today – $409.88 with trading volume of $1,841,471,819 for 24 hours. The maximum price of BNB was registered on 10 May 2021 year and was – $686.31. The lowest price of BNB, $0.039818, was registered on 19 October 2017.
BNB (BNB)
$409.88 +2.84% ↑
24h price change
$11.33
Capitalization
$63,117,462,359
24h trading volume
$1,841,471,819
on the official website

How to Buy BNB Price in USD: Convert to US Dollar

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BNBBNBBNB
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on the official website
Data updated 2/28/2024

    Digital currency Binance Coin is issued by the world’s largest cryptocurrency exchange — Binance, that actively promotes its own coin.

    In this article, we will tell you how to buy BNB and on which platforms this coin is traded.

    How to buy BNB
    BNB Binance page

    What is BNB

    Binance Coin (BNB) was originally created as a utility token on the Ethereum blockchain to pay transaction fees in the Binance ecosystem. Then it became the native token of Binance Chain (BEP-2) and Binance Smart Chain (BEP-20).

    Initially, the total supply of Binance Coin was 200 million. The current amount of available coins is lower and decreasing as a result of periodic burning.

    Binance Coin Applications:

    • Pay transaction fees and get discounts on the exchange Binance and the Binance Decentralized Exchange (DEX);
    • Receiving rewards for staking on the BSC blockchain;
    • Pay for goods and services with Binance Card;
    • Accepting and making payments in the Binance Pay service;
    • Rebates on transaction fees on spot, margin and futures markets;
    • Eligibility to participate in exclusive Binance Launchpad events for token holders;
    • Charity donations through the Binance Charity Fund (BCF);
    • Use as a pledge for crypto loans on the Binance Lending and Loans platform;
    • and others

    Where to buy BNB

    BNB can be bought on a p2p platform (without intermediaries), on telegram bots and crypto exchanges. The best choice from this list is centralized exchange. Buying tokens on the exchange has a number of advantages:

    • The best exchange rate;
    • Reliability;
    • Regulation;
    • Liquidity and a wide range of payment options (bank transfer, card, p2p, etc.);
    • The ability to buy tokens for fiat money: USD, EUR, etc.

    Instructions for buying BNB

    The step-by-step instruction for buying BNB consists of several steps:

    1. Determining the level of risk;
    2. Crypto exchange selection;
    3. Registering an account;
    4. Account replenishment;
    5. Buying BNB.

    Decide on the level of risk

    The cryptocurrency market is subject to fluctuations. Crypto asset prices can change in seconds. Therefore, before investing, you need to decide on the risk level: invest in cryptocurrency only the amount of money that you can afford to lose, apply fundamental and technical analysis, use stop loss (SL) and take-profit (TP) when placing orders, etc.

    Choose a crypto exchange

    Apart from Binance, BNB is available on other cryptocurrency exchanges, although their number is relatively small. When choosing a trading platform for buying cryptocurrency, you need to consider of maker and taker fees, fees for depositing and withdrawing fiat currencies, reviews and other parameters.

    For top exchange rankings, see: best exchanges rating.

    Since asset security is of paramount importance, it is advisable to look at features such as 2FA account protection and cold storage for cryptoassets.

    Exchange
    Website
    BTC trading volume, 24h
    1Binance
    Binance
    BTC trading volume, 24h
    11,715.39
    2HTX
    HTX
    BTC trading volume, 24h
    525.27
    3BingX
    BingX
    BTC trading volume, 24h
    225.11
    4Bybit
    Bybit
    BTC trading volume, 24h
    178.49
    5OKX
    OKX
    BTC trading volume, 24h
    157.34

    Register an account

    To buy BNB, you can choose any exchange where this coin is traded. We will consider the registration of a new account using the example of the world’s largest exchange Binance. To create a user account, you need to:

    1. Click Register on the main page of Binance;
      Binance Homepage
      Binance homepage
    2. Select the registration method (email, phone);
      Select registration method
      Selecting a registration method
    3. Select country, press Confirm;
      Select country
      Country selection
    4. Familiarize yourself with the rules for creating an account and click Create Personal Account;
      Start registration
      Start registration
    5. Enter email, password, referral code (if have one). Then you need to verify email. The same procedure should be done with phone number.
      Entering personal account information
      Entering your account details

    After registration is completed you need to pass mandatory verification. In order to complete the KYC procedure, you will need to submit scans of ID and a photo of your face.

    For detailed instructions on registering on the exchange, see: Binance exchange overview.

    Top up your account

    For further actions on the exchange (buying, selling, participation in investment programs, etc.), you need to replenish your account. On Binance, you can make a deposit by fiat from a plastic card or using cryptocurrency.

    To replenish an account in fiat currency, for example, in euros, you need to:

    1. Select Wallet → Fiat and Spot in the exchange’s menu;
    2. Specify EUR as replenishment currency;
    3. Select payment method, e.g. Visa/MC card → click Continue;
    4. Fill in card information and transfer EUR to the exchange.
    Upload EUR deposit
    Making a deposit in EUR

    Buy BNB (BNB)

    In order to buy BNB on the exchange for fiat, you need to:

    1. Log into personal account on Binance;
    2. Open tab Trade → Spot;
      Binance Spot Market Selection
      Binance Spot Market selection
    3. Select trading pair, e.g. BNB/EUR;
    4. Specify order type, for example, Market;
    5. Enter amount to buy BNB;
    6. Click Buy BNB.
    Buying BNB via terminal
    Buying BNB via terminal

    How to sell BNB

    When selling BNB, you need to do all the same steps. Only after selecting the order type, you should specify the selling amount and click Sell BNB on the right side of the screen.

    Selling BNB via terminal
    Selling BNB via Terminal

    Where to store BNB

    You can use cold and hot wallets to store BNB.

    Cold wallet Ledger keeps private keys offline, which provides strong asset protection. Wallets of this type are recommended for long-term storage of coins if they are not used for active trading on the exchange.

    ledger hardware crypto wallet
    ledger hardware wallet

    Trust Wallet allows you to receive, send, store and exchange cryptocurrency by mobile applications for iOS and Android.

    Trust Wallet
    Trust Wallet

    Freewallet provides reliable protection for crypto assets. The team regularly adds new security features to avoid any possibility of unauthorized access to the mobile wallet. There are apps for iOS and Android too.

    Freewallet Crypto Wallet
    Freewallet

    Exodus allows you to instantly exchange Binance Coin for other cryptocurrencies, such as Ethereum, Monero, Litecoin and so on. Registration is not required. You can use the desktop version or the mobile app for iOS and Android.

    Exodus Crypto Wallet
    Exodus Crypto Wallet
    When using hot wallets to store cryptoassets, do not forget to set up two-factor authentication, store your wallet recovery password in a safe place, and follow other recommended security settings.

    How to withdraw BNB to my wallet?

    To withdraw BNB to a crypto wallet from the Binance exchange, you need to:

    1. Log into your exchange account → open the Wallet tab → click on Fiat and Spot;
    2. Press Withdraw Crypto;
      Exchange Wallet
      exchange wallet
    3. Select BNB and click Withdraw;
      Select coin to withdraw
      Selecting a coin to withdraw
    4. Specify recipient wallet address for BNB withdrawal (will be copied from Trust Wallet in the next step);
    5. Select a network, for example, BSC BNB Smart Chain (BEP20);
      Start BNB withdrawal
      BNB withdrawal
    6. Open Trust Wallet on your smartphone and click Receive;
    7. Select BNB from the list of coins, after that the system will return the address and QR-code of the recipient;
    8. Copy the received address and paste it into the address field on the exchange or scan the QR-code;
    9. Complete withdrawal.
      Copy BNB wallet address to Trust Wallet
      Copy BNB wallet address to Trust Wallet

    FAQ

    How to buy BNB?
    In order to buy BNB, you need to:

    1. Choose a reliable crypto exchange;
    2. Register an account and pass verification on the official website of the exchange;
    3. Top up account;
    4. Buy BNB.

    For more information on buying BNB, see BNB Buying Instructions section.

    Where to buy BNB?
    Buying BNB on the Binance trading platform is the main and most popular way to acquire a digital asset among most investors. But other crypto exchanges that have BNB will fit.
    When is the best time to buy BNB?
    The best time to buy any currency can be determined based on fundamental and technical analysis. It is also recommended to take the time to study the project, its value for the future, read the feedback from the community.
    Should I buy BNB?
    BNB prospects and value growth are linked to Binance Smart Chain (BSC), which aims to become a cheaper alternative to Ethereum. In addition, the coin performs a number of significant functions within the Binance ecosystem, which today includes the largest platform for trading digital assets in the world.

    Despite this, you need to take a balanced approach to investing in cryptocurrencies and understand that it has high risk and you can lose more than you gain.

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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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