Binance Coin (BNB) is one of the top-ranking cryptocurrencies by market capitalization and serves as the core asset of the Binance ecosystem. It is widely used for trading fee discounts, blockchain transactions, staking, DeFi applications, and various utility functions across the BNB Chain network.
This step-by-step guide will help you buy Bitcoin (BTC) on Bitrue, even if you're a beginner in crypto trading.
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 Buying Binance Coin
How many Binance Coin are there in total?

The total supply of Binance Coin is 137,735,722, while the circulating supply is 137,735,722. BNB follows a unique token-burning mechanism, where periodic burns permanently remove a portion of the supply, helping to maintain long-term scarcity and support the ecosystem’s economic model.
Why are people buying Binance Coin?

People buy Binance Coin (BNB) for several reasons. BNB is used throughout the Binance ecosystem for trading fee discounts, blockchain transactions, staking, and participation in DeFi applications on BNB Chain. Many also view BNB as a long-term investment due to its wide utility, strong community, and expanding ecosystem. As with all cryptocurrencies, buyers should research and understand the risks before investing.
Where is the preferred place to buy Binance Coin?

Bitrue is a preferred platform for purchasing Binance Coin due to its secure trading environment, user-friendly interface, competitive fees, and deep liquidity. After completing identity verification, users can buy BNB easily on the Bitrue spot market.
Should I buy Binance Coin?

Whether you should buy BNB depends on your financial goals, investment strategy, and risk tolerance. BNB is a widely used utility token with strong demand across the Binance ecosystem, but like all digital assets, its price can be volatile. If you understand the market and are prepared for potential fluctuations, BNB may be a suitable asset to consider. Always invest responsibly.
Can I use cash to buy Binance Coin?

Most cryptocurrency exchanges, including Bitrue, do not support direct cash purchases. Instead, users typically buy BNB using supported payment methods such as bank transfers, credit/debit cards, or by depositing cryptocurrency into their Bitrue account.
How much does it cost to buy 10 BNB?

The cost of purchasing 10 BNB is approximately $8793. The final amount may vary depending on market prices and the BNB/USDT exchange rate at the time of the transaction.
What are the fees for buying Binance Coin?

Bitrue offers competitive fees for all supported cryptocurrencies. You can view the full fee schedule
here. Fees may vary depending on the trading pair and order type.
How to use Apple Pay to buy BNB?

Currently, Bitrue does not support Apple Pay for purchasing BNB or adding fiat currency. Users can instead fund their accounts using credit/debit cards, bank transfers, or crypto deposits.
How to use Google Pay to buy BNB?

Google Pay is not supported for buying BNB on Bitrue at this time. You may choose another supported payment method, such as bank transfers, credit/debit cards, or cryptocurrency deposits.
What can I do with Binance Coin?

Binance Coin (BNB) can be used for trading, staking, paying transaction fees on BNB Chain, participating in DeFi applications, making payments, transferring funds, and accessing various services within the Binance ecosystem. Many users also hold BNB as a long-term investment.
How to sell my Binance Coin?

To sell BNB on Bitrue, ensure your Bitrue wallet contains Binance Coin. Navigate to the Spot Trading page, select the BNB/USDT trading pair, and choose the Sell option. Enter the amount you wish to sell, select a limit or market order, and confirm the transaction. Once sold, you can withdraw your funds using any supported withdrawal method.
Can I purchase Binance Coin (BNB) worth 1 US dollar?

While BNB can technically be bought in small fractional amounts, Bitrue requires a minimum order value for every trade. Currently, the minimum purchase amount for BNB on Bitrue is 10 USD.
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.