However, it was soon migrated to the BEP-20 token standard, an extension of ERC-20 that allows BNB to be EVM-compatible. In the past 24 hours, Bitcoin, Tether, and Ethereum have been the top three trading pairs for Binance Coin, out of a total of 11 pairs. The overall trading volume for Binance Coin reached 852 million. Once your crypto is deposited into your Binance wallet, go to Trade and select Spot to continue. The platform will prompt you to add a new card to process the transaction. MoonPay works with leading non-custodial wallets like Ledger, Exodus, and Trust Wallet for BNB purchases and storage.

Click the fiat symbol within the Spend tab to open up the available options of supported national currencies. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. To be frank, the P2P trading option might be one of the most suitable choices for those who want to keep things simple, and utilize some specific, niche payment method.

How to sell BTC for USDT

• There are more than 21 crypto exchanges on which you can trade BNB, you can buy BNB with EUR, USD, BRL, also with stablecoins USDT, USDC, TUSD, and with crypto coins BTC, ETH.
• Now that Binance had a blockchain of its own, it was only natural that it would issue new BNB tokens on the Binance Chain to replace those that were available on the Ethereum blockchain.
• No matter which method it is that you choose, you’ll still end up purchasing the cryptos with your credit or debit card.
• This will usually allow you to deposit cryptocurrency, but not CAD.

Enter the amount, then tap on the Continue button, where you will be redirected to the partner webpage to process the payment. Before we continue, it’s worth noting that Trust Wallet lists both versions of BNB here with different titles to differentiate them. The token named BNB is the BEP-2 version on the Binance Chain (BC) network while the other one named Smart Chain is the BEP-20 token on the BSC network. Once you select the corresponding assets, fill in the amount you want to transact. You can specify the amount you want to buy in either USD or BNB. It’s vital to distinguish between the two tokens since they’re often confused.

• Part of what makes bitcoin so valuable is its scarcity as its maximum supply is limited to 21 million coins.
• Any user, visitor, or customer must independently make a decision and take 100% responsibility to himself for making a decision.
• So before you jump in, it’s essential to understand some basic concepts and principles.
• It should feature a simple interface that lets you enter the amount of Binance Coin you want to buy or Canadian dollars you want to spend.
• When you add and bind your card, it should be available for future purchases, and, as with many popular crypto exchanges, both Visa and Mastercard are accepted.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. Another thing to note is the waiting period – once you pay, the crypto should be transferred to you within 15 minutes. If not, you should contact customer support through the appeal how to buy polkastarter option.

The best place to store the crypto you have bought is in wallets outside the exchange. The first choice is a hardware wallet, and then you can go with the official coin wallet and third-party software wallets. There are over 21 crypto exchanges where you can buy Binance Coin, and the top 3 ones are Binance, MEXC Global, and Gate. This will open the spot trade page, enter in the search box BNB/Coin which you have bought or deposited. The table below shows all exchanges where you can buy Binance Coin (BNB) crypto, such as Binance, MEXC Global, Gate, etc.

Step 12: Understanding Fees

The BNB Chain employs two coin-burning mechanisms with the long-term goal of reducing the token’s total supply to under 100 million BNB tokens. An automated burning mechanism burns a portion of all BNB tokens spent as gas fees on the BNB Chain, while a quarterly burning event also helps to reduce the total token supply. Binance Coin was created in 2017 and was originally built on the Ethereum blockchain as an ERC-20 token.

How to Buy Binance Coin in 5 Steps

If you’re a U.S. resident, however, you will have to sign up for a Binance.us account and comply with know your customer (KYC) standards. This is standard for all U.S. exchanges and means uploading your Social Security number, driver’s license and some biometric information to confirm your identity. If you do not have crypto at all, you will have to buy some before you can buy actual BNB because the Binance exchange how and where to buy bitcoin in the uk does not use fiat currencies such as the dollar.

Which exchange sell Binance coins?

Your choice of crypto should also take into account whether you are investing or trading, as well as your risk profile and the type of analysis you want to make. You could choose fundamental or technical analysis or even a mixture of both. With all this in mind, you’ll be ready to start investing or trading on Binance. The Buy Crypto feature allows you to easily buy & sell (as well as convert) cryptocurrencies on the Binance.US platform in just seconds.

Also, consider whether the cryptocurrency exchange is regulated by the Financial Industry Regulatory Authority (FINRA) and allows you to buy crypto using your preferred payment method. The first step to buying BNB is deciding what type of cryptocurrency services to use. There are several options, including fiat-to-crypto exchanges, trading platforms, decentralized exchanges, and brokerages. Other important considerations when finding the right exchange are the deposit, trading, and withdrawal fees, account and wallet security, and customer support. Instead, it operates over blockchain and charges no fee except for the gas fee applicable on a particular blockchain, i.e., on the Ethereum blockchain.

On the right side, there is a trading pair list, which contains all available trading pairs on Binance. In this example, we are placing a limit order to trade our 50 USDT for the equivalent value in BNB when the price of BNB drops to 610 USDT. If you have read and agree to the Terms of Use and Privacy Policy, tick the checkbox. Gate.io is a high-volume exchange that recorded $851.53 million as of writing. Therefore, the best way to buy Binance Coin anonymously is to join an investment pool.

Despite its humble background, BNB has grown to become more useful within the Binance ecosystem. We encourage you to explore more financial tools and platforms at FinanceWorld.io, whether it be Trading Signals, Copy Trading, or simply broadening your investment knowledge. Fill in your card details to finalize the purchase and wait for the crypto to be credited to your account. Set the amount and payment method, then click Buy to confirm. As mentioned, short to medium-term price changes aren’t so important when investing (or HODLing).

This is because they prioritize KYC and once you are fully verified, it becomes easy to process your deposit. EToro prioritizes KYC and has a smooth verification process that allows you to buy BNB and other tokens fast. It would be in your interest to not only get to know these words but understand them before investing in Binance Coin (BNB) as well as other tokens.

P2P, short for peer-to-peer, is a form of trading that involves directly sending crypto and how to buy superfarm fiat from one person to another. This is another type of crypto trading and an essential part of the industry, as well as a good option when you’re searching where to buy BNB. Bank transfers are also a bit slower than other options because you will have to wait until the funds reach your account. This is also affected by limited work days and region-specific restrictions.

It takes some time to learn how to invest or trade cryptocurrencies. Improving your knowledge is a good way of reducing your overall investment risk, leading to more informed decisions. It’s easy to panic-sell an asset based on emotion, but the chances of this happening are much lower when you study up on investment and trading. Alternatively, you can use Binance P2P, an industry-leading peer-to-peer marketplace.

Tron originally launched in 2017 on the Ethereum token network until it moved to its own chain. Its proof-of-stake consensus makes it energy efficient, while TRX, its native token, fuels transactions and smart contracts. These fees compensate network validators for their computational work in completing transactions and smart contracts. From $2.83 in August 2015 to about $2,585.37 as of July 8, 2025, ETH has grown by 91,204%.