Your newly-linked card will be listed by default on the payment page and preselected. Trust Wallet is a fully-owned independent subsidiary of Binance exchange. This might explain why they list a competing platform’s native token.

For instance, they can be used for payments at platforms like Crypto com, Monetha, and HTC, or for booking travel accommodations through sites, such as TravelbyBit, Trip io, and Travala. If you prefer another method such as using bank transfers, check out our other guides on the same. Binance Coin (BNB) is among the largest cryptocurrencies by market cap, and it’s the platform token for the popular crypto exchange – Binance. In this guide, you will learn how to use BNB, why it’s a popular asset amongst blockchain investors, and discover a step-by-step guide to buying it. If you’re looking to purchase Binance Coin (BNB) with a bank transfer, the process is quite similar to using credit or debit cards.

KuCoin proved to be an excellent choice for purchasing BNB for our team members spread across the globe. The platform’s offerings, including fractional NFTs, peer-to-peer trading, and derivatives, catered well to our trading needs. We also liked KuCoin’s peer-to-peer trading and derivatives, which expanded our trading strategies significantly. Moreover, Eth 2.0 has a beacon chain and a smart contract layer, and BNB also has a beacon chain and a smart contract layer.

Despite the sector’s popularity, crypto investments are volatile, meaning the price of a coin today may not be a strong indicator of what it will be in the future. BNB on the Smart Chain will enable you to interact with decentralized apps (dApps) on the BSC network, while the other BNB token is the preferred https://www.cryptominer.services/ native token of the Binance DEX platform. The setup process is simple, provide the card details, then click on the [Next] button to add the payment card to your Binance account. We aggregate crypto offers from a variety of fiat payment providers so that you can always find the very best one.

Where to Store BNB (Binance Coin)?

Integrating Changelly services into Trezor Wallet’s exchange has been a great success for all parties, especially the users. Working with Changelly is a pleasure, thanks to their professional and courteous approach. Tap on the orange ‘Add https://www.coinbreakingnews.info/ new card’ button to fill in your card details. Trust Wallet is only available currently as a mobile application on the Apple App Store and Google’s Play Store. These are just some of the few ways you can make use of your BNB tokens.

Once you have successfully added your card, it will be listed on the payment page as a payment method, and you can select it when purchasing your BNB. You can then click on the ‘Continue’ button after selecting your payment method and make the payment. One unique feature that BNB has that most other major cryptocurrencies do not is its finite number of coins, all created at the time of the token sale. Following the success of the trading platform, Binance opted to launch a new blockchain similar to Bitcoin or Ethereum dubbed the Binance Chain.

Best Brokerage Accounts for Stock Trading

Like the other exchanges, Crypto.com supports bank transfers, wire transfers, credit/debit cards, SEPA, Transfer, Wise, PayPal & others. Crypto.com is a well-known crypto app that supports multiple digital assets and several blockchain-based products, including of course the BNB token. The platform is primarily known for its fees of 0.4% per transaction, for transaction volumes of less than $25,000. Users can also avail of a discount on trading fees when they hold the CRO tokens. Binance, originally created in 2017 as a utility token for discounted trading fees, has evolved into a versatile asset with a wide range of applications. In addition to covering transaction fees on Binance Exchange, Binance DEX, and Binance Chain, BNB coins can also be utilized in various ways.

NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues.

Another alternative is using gift cards that allow you to trade BNB for cash or other goods and services. These options provide flexibility for converting your BNB holdings into cash. Crypto ATM terminals from certain operators also provide https://www.cryptonews.wiki/ for trading Binance coin for local fiat money. OTC trading involves direct transactions between buyers and sellers, typically facilitated by a broker. OTC desks and services enable you to purchase BNB with cash, often for larger amounts.

1. Changelly is the ultimate destination for hassle-free cryptocurrency purchases using traditional fiat currencies, such as USD and EUR.
2. The platforms were chosen thanks to their varied services and solid security offerings and tested over a period of six months.
3. If you prefer another method such as using bank transfers, check out our other guides on the same.
4. However, PayPal does not offer support for other cryptocurrencies, such as Binance Coin BNB.

During its all-time high (ATH) date, it reached a market valuation of $103 billion. Whether BNB is cheaper than ethereum depends on the cost of the coins, and the fees incurred from the transactions on the relative blockchain. If you are referring to the coins’ prices, then BNB is cheaper than ETH. When you’ve found an exchange, you can fund your account with a debit card, credit card or electronic bank transfer. Binance Coin is the cryptocurrency coin that powers the Binance ecosystem. BNB was launched in 2017—initially on the Ethereum blockchain—with an initial coin offering, or ICO, of 100 million tokens at 15 cents per token.

CZ’s big exit and its impact on BNB price

However, when adjusting for 24-hour trading volume, BNB is the ninth-largest blockchain. This guide selected platforms such as Coinbase, Kraken, OKX, KuCoin, YouHodler, and Bybit as the best options to buy BNB. The platforms were chosen thanks to their varied services and solid security offerings and tested over a period of six months.

Not all crypto exchanges offer BNB trading, so do some homework to find a cryptocurrency exchange that does. Binance is one of the top cryptocurrency exchanges in the world, facilitating 1.4 million transactions per second. Binance Coin (BNB) is the exchange’s native token, which is currently the fifth-largest crypto by market cap. To trade Binance Coin (BNB) back for cash, you can use the same avenues used for buying cryptocurrencies. Most commonly, you can sell BNB on cryptocurrency exchanges where the asset is listed. These exchanges allow you to trade BNB for major fiat currencies like USD, EUR, or other cryptocurrencies.

Because BNB is already linked to an exchange, it may not be as readily available as other popular cryptocurrencies on non-Binance platforms. However, several centralized exchanges — one of the easier methods to trade crypto — allow you to buy BNB. Although some investors have made a lot of money in cryptocurrency, others have lost significant amounts, since the price of a coin or token can fluctuate suddenly. It is helpful to maintain a balanced investment portfolio that isn’t heavily weighted toward a single asset class, especially a high-risk one like cryptocurrencies. Many exchanges allow fiat-to-crypto transactions for BNB, allowing you to deposit funds via different payment methods.

Decide whether to invest in BNB

Investors can easily buy Binance Coin on FTX, Coinbase, eToro, Kraken, and several others. The digital asset is not exclusive to the Binance exchange, but investors should check their preferred option to know the crypto pairs they support before funding the account. Whether or not BNB is a good investment depends on your investing goals. Additionally, past results of an investment do not guarantee future outcomes.

These payment services offer enhanced security through tokenization, where sensitive financial data is substituted with unique tokens, excluding the risk of fraud. The process of purchasing crypto with a bank transfer usually takes longer compared to other payment methods. It may take a few business days for the transfer to settle and for the BNB coins to reflect in your account. BNB coins are suitable for paying for goods and services, covering transaction fees on Binance Smart Chain, participating in exclusive token sales, and performing many other things. For example, holding BNB coins allows traders to save considerably on spot trading, margin trading, and futures trading on the Binance exchange.

While the value of BNB is volatile, BUSD is designed to be as stable as the US Dollar, making it a hedge against price volatility in the crypto market. To learn more about the Binance exchange, be sure to read our comprehensive Binance review. Understandably, the crypto community — especially traders — did not take CZ’s exit well.