how to buy Binance Coin coin

How to Buy Binance Coin Right Now




In this article, we will show you how to buy Binance Coin easily. By the end of this article you would learn how to buy BNB with USD, BTC or ETH. Keep reading.


Table of Contents:

  1. What is Binance Coin? Our review
  2. Current prices
  3. Where to buy BNB
  4. How to safely store BNB
  5. Frequently asked questions



Current Binance Coin Price Stats

BNB Price $303.4632 USD
Price Change24h $-13.7437 USD (-4.33%)
24h Low / 24h High $291.1600 / $342.6740 USD
Trading Volume24h $3,295,154 USD
MarketCap $51,416,903,680 USD

What is Binance Coin? A Review

BNB powers the Binance ecosystem and is the native asset of the Binance Chain. BNB is a cryptocurrency created in June 2017, launched during an ICO in July, and initially issued as an ERC-20 token. Designed to be used for a fee reduction on the Binance exchange, its scope was extended over the years.BNB powers the Binance Chain as its native chain token. For instance, it is used to pay fees on the Binance DEX, issue new tokens, send/cancel orders, and transfer assets.BNB is also powering the Binance Smart Chain, which is an EVM-compatible network, forked from “go-ethereum”. It supports smart contracts and relies on a new consensus mechanism: Proof-of-Staked Authority (PoSA) consensus (“Parlia”), which incorporates elements from both Proof of Stake and Proof of Authority. BNB is used for delegated staking on the authority validator, leading to staking rewards for users and validators.Besides its on-chain functions, BNB has multiple additional use-cases such as fee discounts on multiple exchanges (e.g., Binance.com), payment asset on third-party services, and participation rights & transacting currency on Binance Launchpad.At the core of the economics of BNB, there is a burn mechanism leading to period reductions in its total supply (~ every three months). From its initial maximum supply of 200 million, burns are expected to continue until the supply reaches 100 million.Whitepaper

how to buy Binance Coin

Where and How to Buy Binance Coin (BNB) Coin


There are 3 steps to purchasing Binance Coin. They are:

  1. Buy Bitcoin: Buying Bitcoin in 2021 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase BNB directly with USD. They are: ftx, binanceusa, Coinsbit, EXRATES, P2PB2B, Yobit, .
  2. Move the Bitcoin to an Exchange that supports BNB: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the BNB/BTC trading pairs.
    At the moment, BNB is currently available for purchase with Bitcoin at Binance, HitBTC, Coinsbit, P2PB2B, Yobit, binancedex, Binance, ftx, binanceusa, BitMart, HitBTC, bitmax, Kucoin, Coinsbit, EXRATES, CoinEx, Bitforex, P2PB2B, StocksExchange, Yobit, binancedex, .
  3. Buy Binance Coin on the Exchange: Now, you can buy Binance Coin with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different BNB pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.


USD Exchanges

Exchange Trade Pair Volume Exchange Grade
ftx BNB/USD $6,479,341 USD A
binanceusa BNB/USD $14,314,692 USD BB
Coinsbit BNB/USD $1,280,593 USD B
EXRATES BNB/USD $303,565 USD B
P2PB2B BNB/USD $23,549,492 USD D
Yobit BNB/USD $37 USD D


Bitcoin Exchanges

Exchange Trade Pair Volume Exchange Grade
Binance BNB/BTC 2406.0222 BTC A
ftx BNB/BTC 1.9721 BTC A
binanceusa BNB/BTC 34.4837 BTC BB
BitMart BNB/BTC 218.7585 BTC BB
HitBTC BNB/BTC 10.8793 BTC B
bitmax BNB/BTC 21.9394 BTC B
Kucoin BNB/BTC 15.0017 BTC B
Coinsbit BNB/BTC 35.7815 BTC B
EXRATES BNB/BTC 2.4200 BTC B
CoinEx BNB/BTC 2.9092 BTC C
Bitforex BNB/BTC 120.2055 BTC C
P2PB2B BNB/BTC 6.4249 BTC D
StocksExchange BNB/BTC 0.0758 BTC D
Yobit BNB/BTC 0.0002 BTC D
binancedex BNB/BTC 0.9410 BTC -


Eth Exchanges

Exchange Trade Pair Volume Exchange Grade
Binance BNB/ETH 19467.4585 ETH A
HitBTC BNB/ETH 20.4613 ETH B
Coinsbit BNB/ETH 1964.6202 ETH B
P2PB2B BNB/ETH 352.2520 ETH D
Yobit BNB/ETH 0.0062 ETH D
binancedex BNB/ETH 101.1437 ETH -


How to Safely Store Binance Coin Crypto


Once you buy Binance Coin, the next question you'd have is "where do I store my Binance Coins?". It is quiet easy to store your Binance Coin tokens after purchase. In fact there are two easy methods of doing so:

  1. Cold storage: There is a saying in crypto that the only tokens you own are those on your hard drive. This is very true as lots of things could happen to coins stored on exchanges - e.g hacks. For this reason, cold storage is usually a good option.
    Hardware wallet options like - The Ledger Nano S or Ledger Nano X and SecuX V20 could be a good place to store Binance Coin. If Binance Coin is an Ethereum based ERC-20 token, you can also store it in any ERC-20 compatible wallet such as MyEtherWallet (MEW) or MyCrypto.
  2. Exchanges: Storing on Exchanges might be a good option if you don't plan on hodling Binance Coin for the long-term and need to quickly trade it and make some gains. However, be careful as a downside of storing on exchanges is the susceptibility of exchanges to hacks.

Reported Issues



Frequently Asked Questions

Question Answer
Where can I buy BNB with Dollars (USD)? You can buy Binance Coin (BNB) with U.S Dollars on ftx, binanceusa, Coinsbit, EXRATES, P2PB2B, Yobit, .
Where can I purchase BNB with my Bitcoin (BTC)? As of today, you can buy Binance Coin with Bitcoin on any of the following exchanges: Binance, ftx, binanceusa, BitMart, HitBTC, bitmax, Kucoin, Coinsbit, EXRATES, CoinEx, Bitforex, P2PB2B, StocksExchange, Yobit, binancedex, .
I have Ethereum. Where can I buy BNB with ETH? Binance Coin is available for purchase using ETH on these Crypto exchanges: Binance, HitBTC, Coinsbit, P2PB2B, Yobit, binancedex, .
How much is Binance Coin? Right now, the price of BNB is $303.4632.
Is Binance Coin Crypto a good Investment in 2021? Our analysis shows a possible all time high of $670.4475. So yes. BNB is a good investment.



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