Binance Coin (BNB) is the marketplace related token that has been embraced by crypto enthusiasts and investors since its launch. It is currently ranked number 6 based on market capitalization on CoinMarketCap, with a market capitalization of 93831483018 recorded at the time of writing. BNB has been gaining momentum alongside the flourishing cryptocurrency market this year. More and more people are becoming interested in Binance Coin. They wish to invest or purchase Binance Coin (BNB), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Binance Coin. Regardless of your location, Bitrue can provide you with a simple and secure way to buy BNB.
Where and how to buy Binance Coin
When it comes to purchasing Binance Coin (BNB), users may focus on various factors, such as cryptographic wallets, on-chain protocols, and other complex operations. Fortunately, Bitrue exchange allows you to buy Binance Coin in a simple and quick manner. Just register through the official website or app, verify your identity, set up your payment methods (such as credit cards/debit cards/bank transfers), or deposit cryptocurrencies to your Bitrue wallet for spot trading. The purchased BNB will be stored in your crypto wallet account to ensure asset security. Below is a step-by-step guide on how to buy Binance Coin (BNB) through Bitrue.
Alternative methods to acquire Binance Coin
Apart from directly buying Binance Coin (BNB), what are the alternative methods to acquire Binance Coin ?
Fixed Auto-Investment in BNB
Regularly invest a fixed amount at scheduled intervals in Binance Coin (BNB) digital assets, enjoying both short-term returns and long-term benefits.
Staking BNB
Flexible staking of Binance Coin (BNB) digital assets to earn interest or high returns in other cryptocurrencies.
Get Binance Coin (BNB) for free
If you have enough time, you can obtain Binance Coin for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free Binance Coin (BNB).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Binance Coin.
- All cryptocurrency airdrops and rewards can be exchanged for BNB through coin-to-coin exchange or spot trading.
How to keep your Binance Coin safe and secure
Once you have purchased Binance Coin, it is crucial to store it in a secure location. Bitrue is a secure, transparent, technologically stable, and user-friendly cryptocurrency exchange. Bitrue allows you to store Binance Coin and other digital assets in the encrypted wallet of your platform account, enabling you to trade, deposit, and withdraw anytime, anywhere.
If you are highly familiar with operating on-chain Binance Coin wallets, you also have the option to store Binance Coin (BNB) separately in a personal encrypted wallet. This wallet serves to keep your Binance Coin secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Binance Coin, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Binance Coin encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
FAQ About Buy Crypto
How many Binance Coin are there in total?
The total supply of Binance Coin is 144,009,742 and the Circulating Supply is 144,009,742 .
Why are people buying Binance Coin?
People buy Binance Coin for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Binance Coin serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Binance Coin include investment, risk diversification, and trust in new digital assets.
Where is the preferred place to buy Binance Coin?
Bitrue exchange, with its secure and stable platform, user-friendly interface, low fees, and high liquidity, stands as the best exchange for millions of users to purchase BNB.
Should I buy Binance Coin?
Deciding whether to buy Binance Coin depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Binance Coin investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Binance Coin (BNB) may be a suitable investment choice. However, remember that all investments come with risks.
Can I use cash to buy Binance Coin?
Generally, buying Binance Coin digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
How much does it cost to buy 10 BNB?
To purchase 10 BNB, the cost in USD would be $7569.
What are the fees for buying Binance Coin?
Bitrue offers the lowest fees across all cryptocurrencies. Check the fee rates for all cryptocurrencies
here.
How to use Apple Pay to buy BNB?
Currently, Bitrue does not support purchasing BNB or adding fiat currency using Apple Pay.
How to use Google Pay to buy BNB?
Currently, Bitrue does not support purchasing BNB or adding fiat currency using Google Pay.
What can I do with Binance Coin?
You can use Binance Coin to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
How to sell my Binance Coin?
If your Bitrue wallet does not hold Binance Coin, you need to deposit BNB into your Bitrue account. If you already have BNB, log in to your trading platform account, find the Sell option, usually located on the OTC or market trading page. Enter the quantity of BNB you want to sell, select the selling price, confirm the sell order, and once your BNB is successfully sold, you can withdraw funds to your set bank account or other payment methods.
Can I purchase Binance Coin (BNB) worth 1 US dollar?
In theory, Binance Coin (BNB) can be divided into many units of 1 US dollar each, but on Bitrue, the minimum order amount for BNB is 10 US dollars.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.