Want to jump straight to the answer? According to our experts, Binance Coin (BNB) is a good investment with an investment grade rating of 4.1/5 based on the user behavior, developer activity and market maturity factors that trying to assess the overall health, applicability and probability of growth of the project.

You can Buy Binance Coin with Credit Card or Debit Card in 3 easy steps:

  • Make a Binance Coin wallet - we suggest Zeply wallet.
  • Fund your Binance Coin wallet: Pay with your Credit Card or Debit Card and receive your BNB.
  • Buy and sell BNB instantly by signing-up and starting a transaction on TradeOr just by providing your wallet address.

In the following sections, we will explain the process to buy Binance Coin (BNB) with credit card or debit card in greater detail.

Please note that Cryptocurrency investments are high-risk investments. Any investment decision is under the responsibility of the individual.

4.1 / 5

Rating breakdown

FCAS Score
84%
4.2/5
Market Opportunity
90%
4.5/5
Underlying Technology
70%
3.5/5
Ecosystem Structure
80%
4.0/5
Core Team
90%
4.5/5
Roadmap Progress
74%
3.7/5

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Did you ever think of making money with Binance Coin? What is the best way to invest in Binance Coin? Learn How, When and Where to Buy Binance Coin in 2021.

Binance Coin Review and Analysis

Overview

Where and How To Buy Binance Coin- BNB Buying Guide

Binance Coin, denoted by BNB, is the native coin of the Binance cryptocurrency exchange that was launched through an ICO in July 2017. Binance intends to issue a maximum of 200 million BNB tokens and the primary aim of the launch was to finance the operation of its exchange.

At the time of the BNB Initial Coin Offering, 20 million BNB tokens were available for angel investors, 80 million for the project contributors and the remaining 100 million for any other person who wanted to participate in the ICO. Binance used the funds it collected to further develop and better brand and market its exchange, while also making upgrades to its offering.

    By the end of the guide, you should know the following:
  • A brief history of Binance Coin.
  • What Binance Coin can be used for.
  • If Binance Coin is a good or a bad investment.
  • How to buy Binance Coin.
  • Where to buy Binance Coin.

Usability

Why Was the Binance Coin Invented?

The empowerment of the Binance cryptocurrency platform and helping it establish its own fully sustainable ecosystem were the reasons for the invention of the Binance Coin, since users of the exchange are encouraged and incentivized through discounts and other offers, to use BNB to pay for all the fees they incur when using the Binance crypto exchange.

Users are thus enabled to save money on their trades through a seamless experience, while the use of a native currency limits real money dependencies for both the exchange and its end users, relieving them from extra charges, time delays and additional burdens.

How Does Binance Coin Work and What Technology Is Behind It?

BNB is built on Ethereum blockchain and uses ERC20 tokens which can store and hold value. Unlike other cryptos, BNB tokens cannot be mined, since they have all been pre-mined and distributed at the ICO. The tokens that are in circulation are used primarily by users of the Binance Crypto Exchange for discounted trading.

Is Binance Coin Real Money?

Besides being used to pay for fees on the Binance Exchange, the BNB may also be used to pay for travel and hospitality services, but it does not enjoy the acceptance that other cryptos, such as Bitcoin do in terms of being accepted as a viable alternative to fiat money payments. This does not mean that the BNB is under significant threat, since the financial and strategic backing of the Binance Exchange, a very popular exchange were billions worth of crypto transactions occur each month, will ensure that its native currency will remain thriving and afloat for the foreseeable.

Fees & Expenses

There's no fee associated with the BNB network, since all BNB coins have already been pre-mined, while its primary usage was intended to serve internal exchange purposes. However, when you purchase Binance Coin tokens or make any other trade on the Binance exchange, you have to pay 0.1% of the trading amount, while if BNB is used to pay for your trades you receive a 50% discount on all fees.

Though not very common or widespread as of yet, BNB may also be used to pay for different services, especially relating to travelling and hospitality. In this case the service charges or commission fees to be charged are determined by the vendor accepting the payment.

The Benefits of Binance Coin

Quick Transactions

Using BNB to trade on the Binance exchange, you will not only have access to the proprietary matching engine which can support up to 1.4 million orders every second, but the whole process of trading becomes faster and more reliable.

Securing & Trustworthiness

Trading on Binance ensures for its millions of crypto users an environment with superior security and protection features, which also include a Secure Assets Fund for Users (SAFU) to keep your funds safe, thus also scoring high on trustworthiness.

Trade Multiple Cryptocurrencies

Using BNB, you can trade more than 150 cryptocurrencies on the Binance, while there are also BNB trading pairs that help you better match your specific trading requirements.

Trading Discount

BNB’s greatest advantage when used on the Binance exchange is that it allows you to get a 50% discount on the applicable trading fee, thus enabling you to trade more or more often and make your funds go a long way.

Spend Binance Coin

Apart from granting you a seamless experience within the Binance ecosystem and allowing you to benefit from generous trade fee discounts, you can also use BNB to pay for purchases as it is currently accepted by numerous service providers, mainly in the travelling and hospitality industry.

Participation in ICOs/IEOs

Since the Binance Launchpad also hosts new token sales, your BNB tokens may also be used there to purchase a stake in a new and upcoming currency and be one of the first to jump in exciting new opportunities.

Can It Be Used Anonymously?

It is not possible to use the Binance Coin anonymously since it is mostly used within the Binance ecosystem, and only those holding a verified account on the exchange can use the currency. Since Binance fully complies with Know Your Customer (KYC) and Anti Money Laundering (AML) regulations, you cannot open an account if you do not provide your personal information and verification and proof of your identity.

How Safe Is the Binance Coin?

The Binance Coin is very secure since the Ethereum blockchain on which it was built, uses cryptographical encryption to prevent data breaches and interception. Moreover, the fact that the blockchain is decentralized means that there is no single central hub that can be hacked to compromise the data, while the actual Binance exchange and platform on which you will be primarily using your BNB ranks very high in terms of security and safety. To keep your BNB more secure you can also use a hardware wallet to store it in, which is completely safe from any kind of cyber-attacks.

Binance Coin price charts

Binance Coin (BNB) Price Chart

Binance Coin (BNB) Future Price Forecast Predictions

Binance Coin Price Predictions
Year Low High
2021 $290.30 $1,272.00
2022 $358.50 $1,523.00
2025 $1,175.00 $5,685.00

* The prediction figures outline some of the Potential high and low of Binance Coin (BNB) price prediction forecasts for the years 2021, 2022, and 2025 based on the data collected from various sources meant strictly for educational purposes only and not taken as investment advice.

Binance Coin (BNB) Price Prediction for the year 2021

By the end of the year 2021, using forecast and algorithmic analysis, our price prediction forecasts suggest that one Binance Coin will reach an average price of $145.65, which will be an impressive 43% growth from it's current market price.

Binance Coin (BNB) Price Prediction for the year 2022

By the end of the year 2022, our price prediction forecasts suggest that one Binance Coin will reach an average price of $179.75, which will be an impressive 53% growth from it's current market price.

Binance Coin (BNB) Price Prediction for the year 2025

By the end of the year 2025, our price prediction forecast suggests that one Binance Coin will reach an average price of $3, which will be an impressive 0% growth from it's current market price.

Where Can You Buy Binance Coin

There are several online sites and platforms where people from across the globe can buy Binance Coin at good exchange rates and with low or no transaction fees. To aid your quest we have comprised a list of some of the most popular methods and platforms to buy Binance Coin from and your strongly advised to consult this list before making your first purchase of or investment in Binance Coin.

The Best Crypto Trading Platforms in 2021

How to Buy Binance Coin with Credit or Debit Card on TradeOr

4.7 / 5

Rating breakdown

Security
90%
4.5/5
Ease of Use
100%
5.0/5
Tradable Assets
80%
4.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
100%
5.0/5
Support
90%
4.5/5

Things we liked:

 Zero commission policy
 Customers support is available 24/7
 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 No demo account
 TradeOr offers only one payment method – bitcoin

How to Buy Binance Coin with Credit or Debit Card on Binance

4.7 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
90%
4.5/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
100%
5.0/5
Support
88%
4.4/5

Things we liked:

 One of the most trusted brands in crypto
 Very fast, easy to use interface
 Binance offers extremely low transaction fees

Things we didn't like:

 Can be overwhelming for people who are new to crypto or trading

How Can You Buy Binance Coin

It only takes a few easy steps to buy Binance Coin with credit card instantly. Speed matters - get instant confirmation, minimal registration & KYC verification!

    By the end of the guide, you should know the following:
  • Click the Buy Now button.
    Buying Binance Coin with debit card is easy, fast and risk-free. All you need to do is click the “Buy Now” button and then be safely directed to the check-out page.
  • Fill in the fields.
  • Proceed to checkout.
  • Receive your Binance Coin.

Risks of Investing in Binance Coin

Is Binance Coin (BNB) a Good Investment?

Finally, Dogecoin buying is risky as the purchase of any cryptocurrency always is and it is therefore important to start such endeavours carefully and with due care and caution, buying just a small amount to get familiar with each particular coin and its system and never commit or invest funds that you cannot afford to lose.

Tips on How to Invest in Binance Coin and Make a Profit

There is no guarantee that you will make a profit when you invest in Binance Coin. However, to give yourself the best chance possible we have hand-picked the three most valuable such strategies, which you can find below:

  • Tip 1: Set your own specific Financial Goals
  • Tip 2: Dollar-Cost Average Your Binance Coin Investments
  • Tip 3: Diversify Your Binance Coin Investment

Overall Conclusion – Final Thoughts

In this guide, the aim wasn’t only to answer simple questions like “how to buy Binance Coin?” or “where to buy Binance Coin?”. Instead, the goal was to equip you with the relevant knowledge and insight to be able to see and understand the bigger picture as well as make your Binance Coin investment journey as successful and as profitable as possible!

Binance Coin Frequently Asked Questions (FAQs):

Is there an official Binance Coin website?
Yes https://www.binance.com/en is the official website for Binance Coin.
Can Binance Coin reach $1000?
Yes, the price of Binance Coin can reach $1000. If the cryptocurrency market rebounds and Binance Coin reaches new highs, there is potential for it to reach the $1000 level later this decade, according to some forecasts if the developments happen as per the Binance Coin's roadmap. But if Binance Coin that is currently at $334.03 with a daily trading volume of $136995 is unable to break through resistance it could retreat and fail to meet that level.
What is Binance Coin price prediction for the year 2021?
Binance Coin might reach $145.65 by the end of 2021.
What will be the Binance Coin price prediction for 2022?
Binance Coin might reach $179.75 before the end of December 2022.
Will the Price of Binance Coin (BNB) Go Up in 2025?
Yes, the price of Binance Coin will probably go up in 2025. According to the predictions, the price of Binance Coin could reach between $1,175.00 and $5,685.00 by the end of 2025.
What is the best way to buy Binance Coin?
Perhaps the Easiest way to buy is by directly purchase Binance Coin with credit card on Binance. It only takes a few easy steps to buy Binance Coin with credit card instantly.
  • Click the Buy Now button.
  • Fill in the fields.
  • Proceed to checkout.
  • Receive your Binance Coin.
What is the best way to store Binance Coin?
Perhaps the safest place to keep your Binance Coin are hardware wallets. Only keep Binance Coin on an exchange while you're trading.
Which wallet should I use to store Binance Coin?
Although there are some recommendations throughout the site with respect to which crypto wallet to use for storing Binance Coin, it is advisable to always conduct your own due diligence before trusting money to any third party or third-party technology.
Should I buy Binance Coin? Is Binance Coin a good Investment?
Many people want to invest in Binance Coin (BNB). According to our experts, Binance Coin is a good investment with an investment grade rating of 4.1/5 based on the user behavior, developer activity and market maturity factors that trying to assess the overall health, applicability and probability of growth of the project. Having said that perhaps is a good idea to buy Binance Coin due to Binance Coin following properties and characteristics:
  • Enables smooth trading within largest exchange and BSC with low fees
  • Fast network due to centralised nodes
  • Greater crypto adoption/use of Binance = increased demand = increased value
How to Buy Binance Coin (BNB) in the UK with GBP (2021)?
The best and the cheapest way to buy Binance Coin in the UK is with Binance. With Binance, you’ll be able to buy Binance Coin (BNB) at the real exchange rate without paying high fees (max 1%). There are six steps to the buying process:
  • Register on Binance and complete their user verification process.
  • Go to the Buy Crypto tab on the top-left of the website.
  • Change the to Pay With Currency to GBP
  • Select the pay with Debit card option.
  • Select Binance Coin as the coin to buy on the next screen.
  • Click Buy Binance Coin and review the order details.
  • Complete the payment.
  • You can view the purchased Binance Coin by going to Wallet > Fiat and Spot from the top-right menu.

However, Binance isn’t exactly a beginner friendly way to buy Binance Coin (BNB). Let's just get straight to the point:

Best places alternative to Binance to buy Binance Coin (BNB) in the UK
Where to Buy Binance Coin (BNB) in the UK with GBP
Provider Payment Method Fees (Approx.)
Kraken UK Bank Transfer < 1%
Wirex Debit Card Fees 2.5%
Crypto.com Debit Card Fees 2.99%
Coinbase Debit Card Fees 4%
Cryptopay Debit Card Fees 4%

More information on legal and regulatory status of crypto assets in the UK can be found on our latest publication on How to buy Bitcoin in the United Kingdom

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