For starters, you can buy crypto safety and instantly with credit cards, debit cards or your fiat balance. You may also buy cryptos on KuCoin with eWallets like PayPal via the integrated fiat-to-crypto onramps. Bybit was just as good a platform for buying and trading BNB as the others in this list. We liked the added benefits of token discounts through its IDO launchpad.
For example, you only need $10 to start buying BNB coins on the exchange. It also maintains a transparent and fixed fee model of 1% of the crypto trade volume. You also get to make free deposits into eToro using all the popular fiat payment methods. Binance is our top pick for where investors can buy Binance Coin (BNB). Binance has shot through the digital asset trading rank and is currently the world’s top Bitcoin exchange by trading volume, according to CoinMarketCap. The platform launched BNB in an initial coin offering in 2017, and the token has remained native to the Binance smart chain ever since.
More specifically, Crypto.com has the option to stake BNB tokens to earn passive rewards. Like Binance, this feature makes Crypto.com a top choice for getting started with BNB tokens with the added bonus of earning yield through its Earn products. BNB is one of the few EVM-compatible, layer-1, Ethereum alternatives that has actually secured a significant amount of adoption. But, as is commonly noted in finance, past performance does not indicate future results. If you are keen to buy BNB, choose a reputable exchange, practice good crypto wallet security, and never invest more than you can afford to lose. Whether or not BNB is a good investment for you largely depends on your personal financial goals.
- Once you’ve purchased BNB, consider the security of your investment.
- Like Binance, this feature makes Crypto.com a top choice for getting started with BNB tokens with the added bonus of earning yield through its Earn products.
- Purchasing BNB is a valuable step into the world of cryptocurrency investment.
- In addition, some exchanges are more suitable for users that want to buy and hold, while others cater to active crypto traders.
Hedge With Crypto is an independent publisher that provides objective and free content. However, our editorial content remains unbiased, reflecting our own opinions or the general information available. For more information on our company policies, read the Affiliate Disclosure, Privacy Policy, and Terms & Conditions. The suit lists BNB as an unregistered security, among other Binance products. In other words, both had a merge event and have somewhat similar architectures.
The CoinCodex Cryptocurrency Price Tracker
When deciding which exchange to use, it’s important to check if the exchange accepts customers from your country. In addition, some exchanges are more suitable for users that want to buy and hold, while others cater to active crypto traders. It’s also important to check if the exchange offers all the trading features you might need. Some traders just stick to spot markets, while others also use margin trading and futures. The bottom line is that what constitutes the best exchange hinges on your particular set of needs. With that in mind, let’s look at some of the best crypto exchanges in the market.
Token Sales
- The overall approval should be received within 15 minutes, otherwise, read this guide on how long Binance account verification takes.
- We also liked KuCoin’s peer-to-peer trading and derivatives, which expanded our trading strategies significantly.
- EToro is one of the premium options for obtaining BNB for various investors due to the zero deposits on all payment methods.
Over the past three years, he has written a diversified set of content around gambling for clients from all over the world. Academically, Khan has a Bachelor’s in Economics and a Master’s degree in Finance. He’s also completed a bunch of courses on digital journalism and financial markets at large.
Which investment strategy should you choose?
We also support local options such as UK Faster Payments, SEPA, Pix in Brazil, as well as Venmo and bank transfers in the US. The easiest way to buy Binance Coin is by topping up your MoonPay Balance. Just add funds in your MoonPay account to enjoy faster BNB purchases with lower fees, higher approval rates, and zero-fee withdrawals when you cash out to certain payment methods. You can quickly purchase BNB on trading platforms such as Crypto.com or Kraken. If you already have a funded account with one of these exchanges, then you can buy BNB instantly.
Is BNB a good investment for you?
Secondly, most exchanges do not charge a deposit fee for PayPal deposits. On the flip side, PayPal and other wallets charge a payment processing fee. EToro is our top pick for the best crypto exchange where you can buy Binance Coins. We rank it this high on the list because it is affordable, safe, and highly reliable.
In the next screen, Trust Wallet will prompt you to input the amount of BNB tokens you wish to purchase denominated in your preferred fiat currency. There are two available options to proceed from the main screen. You can either click on the Buy button within the center of the page then choose an asset you want to buy. Or, you can scroll down and select the asset you want to buy by tapping it to open more information about it then click to buy on the next screen. The transaction will process immediately and the BNB tokens will be deposited into your Fiat and Spot wallet. Start by selecting the cryptocurrency you want to purchase in the transaction form.
Zhao’s big exit and its impact on BNB price
As a rule of thumb, most crypto exchanges support both crypto-to-crypto (e.g., BNB/BTC) and crypto-to-fiat (e.g., BNB/USD) trading pairs. Keep in mind that you’ll need to provide some personal information, including your name and email address. In order to increase withdrawal limits and unlock additional functionality like crypto loans and staking options, certain exchanges require users to complete KYC as well.
Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, margin trade binance cryptocurrency & more. Tap the profile icon and select the email address icon to unlock the ‘Verify’ settings. Upload a copy of a recent driver’s license and complete the face verification exercise. The overall approval should be received within 15 minutes, otherwise, read this guide on how long Binance account verification takes.
EToro integrates 75+ advanced charting tools and technical indicators. These, alongside the affordable trading fees, make eToro one of the best crypto exchanges for day trading. Binance Coin (BNB) is among the largest cryptocurrencies by market cap, and it’s the platform token for the popular crypto exchange – Binance.
Yield farms on Binance Smart Chain
The same goes for decentralized exchanges, which would likely cost you more in gas fees than the buy order itself. In November 2023, the crypto sector was shaken up by some major news — Changpeng Zhao (CZ) stepped down from his CEO role at Binance. Now, this was no small move, given that Binance is the biggest crypto exchange globally in terms of trading volume. The departure was part of a $4.3 billion settlement deal with the SEC after Binance admitted to letting some sketchy Hamas-linked payments flow through the exchange. You can pay with a credit/debit card, Apple Pay, Google Pay, or PayPal.