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:
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.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
* 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.
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.
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.
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.
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.
It only takes a few easy steps to buy Binance Coin with credit card instantly. Speed matters - get instant confirmation, minimal registration & KYC verification!
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.
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:
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!
However, Binance isn’t exactly a beginner friendly way to buy Binance Coin (BNB). Let's just get straight to the point:
|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%|
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