How to buy on binance exchange: How To Buy Binance Coin

How to buy on binance exchange

Ethereum’s market cap is $217,123,854,356.596, with a circulating supply of 120,279,329. Although some exchanges allow you to use credit cards, we caution you against this funding method. Credit card issuers view cryptocurrency trades as cash advances, so you’ll incur higher fees and annual percentage rates (APRs).

  • It can also be used to trade for other cryptocurrencies, such as Bitcoin, Dogecoin or Litecoin.
  • Ethereum (ETH), the second-largest cryptocurrency by market cap, is also one of the most commonly used computing platforms.
  • Binance.US users also receive a 25% discount on trading costs when using BNB to pay fees.
  • Ethereum is a decentralized computing platform capable of running various applications, including a vast array of decentralised finance (DeFi) apps and services.

Ethereum (ETH), the second-largest cryptocurrency by market cap, is also one of the most commonly used computing platforms. Ethereum is a decentralized computing platform capable of running various applications, including a vast array of decentralised finance (DeFi) apps and services. As of now, Ethereum is trading at $1799.99, experiencing a -1.32% change in price over the last 24 hours.

How To Buy Binance Coin

Most exchanges allow you to choose between market and limit orders at the time of the transaction. Although BNB is popular, think carefully before investing your money in the token—or any cryptocurrency. Set an investing budget for yourself and only risk money you don’t need for essential expenses. Not all crypto exchanges offer BNB trading, so do some homework to find a cryptocurrency exchange that does. There are many exchanges, from ones designed for beginners and basic trading features to more advanced ones for seasoned investors looking for more complex options like margin trading or futures. To buy cryptocurrency, you first need an account with a cryptocurrency exchange—a platform that facilitates crypto trades.

How to buy on binance exchange

And borrowing money to invest is risky, particularly when trading cryptocurrency, and you could end up in debt. Binance is one of the top cryptocurrency exchanges in the world, facilitating 1.4 million transactions per second. Binance Coin (BNB) is the exchange’s native token, which is currently the fifth-largest crypto by market cap. Binance Coin holders can use the tokens to receive discounts on Binance crypto exchange transaction fees.

Where Can I Buy Binance Coin?

It can also be used to trade for other cryptocurrencies, such as Bitcoin, Dogecoin or Litecoin. Binance offers a variety of payment methods for users to purchase cryptocurrencies, including bank transfers, credit and debit cards, peer to peer trade, etc. Our team works exclusively with verified and trusted partners to ensure a secure and seamless experience for users to buy crypto on our platform. We accept a diverse range of currencies, making it effortless for users to purchase crypto using fiat currencies such as USD, EUR, CNY, AUD, INR, RUB, and others. Enter Binance Coin’s ticker symbol—BNB—and the amount you want to invest, such as $50.

  • Binance Coin holders can use the tokens to receive discounts on Binance crypto exchange transaction fees.
  • And borrowing money to invest is risky, particularly when trading cryptocurrency, and you could end up in debt.
  • 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.
  • We accept a diverse range of currencies, making it effortless for users to purchase crypto using fiat currencies such as USD, EUR, CNY, AUD, INR, RUB, and others.
  • Ethereum’s market cap is $217,123,854,356.596, with a circulating supply of 120,279,329.

Despite recent price fluctuations, some investors believe Binance Coin has plenty of growth potential.

Select a Crypto Exchange

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. When you’ve found an exchange, you can fund your account with a debit card, credit card or electronic bank transfer. Despite Binance’s popularity, Binance Coin is not available on all exchanges. Once the purchase is completed with Binance, your newly acquired crypto will be deposited directly into your Binance account, a safe and straightforward method to manage your crypto assets. From there, you can easily trade your purchased crypto on the wide variety of products and services available on the Binance Platform. Binance.US users also receive a 25% discount on trading costs when using BNB to pay fees.