How to Buy BNB Binance Coin 2024 Step-by-Step

The first thing to do is to go to eToro’s website and create an account. All you really need to complete this step is an email and a password. Alternatively, you don’t even need to do that, as you can just log in with your Facebook or Google account. The crypto industry is very unpredictable and full of surprises, and the situation can still turn around in the blink of an eye. The news shocked the crypto investors, and not only on November 21, 2023, Binance and its then-CEO, Changpeng Zhao (CZ), pleaded guilty to money laundering charges.

Frequently Asked Questions on Buying Binance Coin (BNB)

Notably, OKX is distinguished by its significant liquidity in derivatives markets and considerable trading volumes, making it an ideal choice for experienced traders. Despite Binance’s popularity, Binance Coin is not available on all exchanges. Even popular exchanges like Kraken and Gemini don’t offer BNB trading. To buy BNB, open an account with a trading platform like eToro, Binance, or OKX. Trezor invented the world’s first hardware wallet in 2014, with Ledger introducing its first hardware wallet in the same year.

Why we choose it

  1. The demand for AI is not going to fade anytime soon and this means Oracle has a lot more to come.
  2. In addition to covering transaction fees on Binance Exchange, Binance DEX, and Binance Chain, BNB coins can also be utilized in various ways.
  3. If you prefer another method such as using bank transfers, check out our other guides on the same.
  4. Before we continue, it’s worth noting that Trust Wallet lists both versions of BNB here with different titles to differentiate them.

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How long does it take to process crypto purchase transactions via bank transfer?

On this screen, there are two [Buy] buttons you can use to purchase BNB. The second button will not be shown if you already have some BNB in your wallet. Click the crypto icon in the [Receive] tab to open a selection window. Given the volatility of cryptocurrencies like BNB, there are some factors to consider before making an investment. Many or all of the products featured here are from our partners who compensate us.

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This information is general in nature and is for education purposes only. Hedge With Crypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and gold trading online make your own enquiries. In the last stage, you will be required to provide the details of your order, including the number of tokens you wish to buy. Once you provide this information, click on the [Next] button at the bottom of the screen to fill in your credit or debit card details.

A new window will appear, where you can just enter the details, such as the amount, select a payment method, and hit Deposit when done. 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.

It may take a few business days for the transfer to settle and for the BNB coins to reflect in your account. Experience the most competitive exchange rates by leveraging our partnerships with leading cryptocurrency trading providers. In case you don’t have a cryptocurrency wallet yet, there’s no need to worry. Originally based on the Ethereum blockchain utilizing the ERC20 standard, Binance Coin (BNB) has evolved to become the native token of the Binance Chain. Through this transition, BNB has gained independence and autonomy, operating within a dedicated blockchain ecosystem.

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