What Is Binance Coin (BNB)?
Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, initially launched as an ERC-20 token in 2017. With a capped total supply of 200 million, BNB undergoes quarterly burns until 100 million coins remain. It powers diverse functionalities:
- Fee discounts on Binance exchange
- Payment asset for third-party services
- Native currency for Binance Chain and Binance Smart Chain
- Participation in token sales via Binance Launchpad
Where Can You Buy BNB?
Purchase BNB securely through these trusted platforms:
Top Platforms for BNB Purchase
- Centralized Exchanges (CEX): Binance, Coinbase, Kraken
- Crypto Wallets: Trust Wallet, MetaMask (via DEX integrations)
- OTC Services: Peer-to-peer (P2P) marketplaces
👉 Compare exchange rates for BNB
Requirements for Purchase
- Verified exchange/wallet account
- Government-issued ID (for KYC)
- Payment method: Credit/debit card, bank transfer
How to Buy BNB with Cash/Credit Card?
Follow these steps to purchase BNB using fiat:
- Sign Up: Register on a CEX like Binance or Coinbase.
- Verify Identity: Complete KYC procedures.
- Deposit Funds: Link your card or bank account.
- Buy BNB: Navigate to the "Buy Crypto" section and select BNB.
Note: Processing times vary by platform. Card purchases are instant, while bank transfers may take hours.
How to Buy BNB with USDT on CEX?
- Acquire USDT: Purchase USDT via fiat or card.
- Transfer to CEX: Send USDT to a supporting exchange.
- Trade for BNB: Use the USDT/BNB trading pair.
👉 Step-by-step guide to trading BNB
What to Do After Buying BNB?
1. Hold & Secure
- Store in hardware wallets (e.g., Ledger) for long-term safekeeping.
2. Trade
- Swap BNB for other cryptos on spot or futures markets.
3. Earn Passive Income
- Stake BNB on Binance Earn or DeFi platforms for rewards.
4. Spend
- Use BNB for payments at crypto-friendly merchants.
Frequently Asked Questions (FAQ)
Can I Buy Fractional BNB?
Yes! Most exchanges allow purchases as small as $5 worth.
Will BNB Be Profitable in 2025?
Crypto markets are volatile. Research BNB’s historical ROI and ecosystem developments before investing.
How to Store BNB Safely?
- Cold Wallets: Offline storage (e.g., Ledger, Trezor)
- Hot Wallets: Convenient but less secure (e.g., Trust Wallet)
How Long Does Buying BNB Take?
Instant via cards; bank transfers may delay. DEX trades depend on network congestion.
BNB Price & Market Data
- Current Price: $655.7
- 24h Volume: $632M
- Circulating Supply: 141M BNB
Disclaimer: Crypto investments carry risks. Only invest what you can afford to lose.