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Where and How to Buy Binance Coin

In this guide, you will learn where and how to buy Binance Coin in 2024. Here, we will evaluate the best platforms that list BNB and tell you why the leading altcoin is worth buying.

We’ll also tell you what the Binance coin is and its relation to the Binance exchange. We also examine how its price has performed in the past and look at its expected future price action and discuss the top reasons to invest in what is now one of the most trending cryptos and the different ways of buying the digital asset.

We will even provide you with a step-by-step walkthrough for buying Binance Coins on one of the best altcoin exchanges.

How to Buy Binance Coin (BNB) – Quick Steps

This quick-fire guide teaches you how to buy the Binance coin in the US right now. It outlines the process of buying cryptos on eToro – a user-friendly and SEC-regulated brokerage. Here, you can buy the most promising cryptos for as little as $10.

  • Step 1: Register an eToro account – To begin with, create a free crypto trader account on eToro.com. The crypto brokerage has a quick and straightforward account opening process that only asks for your basic personal information.
  • Step 2: Deposit funds – You will then need to fund this account with at least $10. Supported funding methods include bank transfers, ACH transfers, eWallets like PayPal, credit cards, and debit cards.
  • Step 3: Search for Binance Coin – On the search bar of the eToro website, key in the word Binance Coin or BNB. Hit the “Trade” button that pops up.
  • Step 4: Buy BNB – A trading tab will appear. Use it to customize this investment by confirming how many BNB tokens you intend to buy. Hit the “Open Trade” button to confirm this trade.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

We provide you with a detailed walkthrough of this crypto investing process further below. First, though, we review the best places to buy Binance coins in 2024.

Where to Buy Binance Coin (BNB) in 2024

Binance Coin is one of the most popular cryptocurrencies around and a top 5 among the most valuable digital assets. It also enjoys a huge following from the online community. These have helped it list with virtually all the top crypto trading platforms.

But they also complicate the process of finding the best crypto exchange for buying BNB coins. Our analysts have, however, vetted tens of reputable platforms and settled on the following as the best cryptocurreny trading platforms for BNB investing.

1. eToro – Overall Best Place to Buy Binance Coin in 2024

eToro is our top pick for the best crypto exchange where you can buy Binance Coins. We rank it this high on the list because it is affordable, safe, and highly reliable. For example, you only need $10 to start buying BNB coins on the exchange. It also maintains a transparent and fixed fee model of 1% of the crypto trade volume. You also get to make free deposits into eToro using all the popular fiat payment methods.

Buy cryptos on eToro

You would also want to buy Binance Coin on eToro because the exchange has never been hacked. Throughout the decade that eToro has been providing crypto services, it hasn’t lost client funds. This is made possible by the fact that it has put adequate security measures around its systems.

These start with multi-factor authentication for the eToro trading accounts. It also ensures that client trading history and sensitive personal information aren’t shared with third parties. Importantly, it provides all its platform users with two safe crypto wallets. First is the web wallet that holds 90%+ of client funds offline. You also get a free and non-custodial mobile wallet app for iOS and Android – eToro Money.

Buy Binance Coin on eToro

But eToro isn’t just safe and affordable. It is also one of the most beginner-friendly crypto exchanges. It has integrated a comprehensive user education course on its platform. This teaches newbies how to invest in cryptos. It then provides them with a free demo account loaded with $10,000 in virtual funds. Not forgetting that the multi-platform exchange also integrates staking and copy trading features that let beginners earn passively.

Other reasons may include the fact that it also appeals to active traders as well as long-term investors. eToro integrates 75+ advanced charting tools and technical indicators. It also has some of the fastest transaction processing speeds. These, alongside the affordable trading fees, make eToro one of the best crypto exchanges for day trading.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

2. KuCoin – Best Crypto Exchange for Passive Investing

Of the many factors helping make KuCoin the best altcoin exchange to buy Binance Coin, four stood out for us. First were its extensive crypto library and affordability. In addition to the BNB coin, you may buy 700+ other cryptos and trade 1000+ crypto pairs on KuCoin. This exposes you to all types of assets – from the most undervalued cryptos to the best DeFi coins to buy right now.

KuCoin then maintains highly competitive fees for these crypto trades. To buy Binance Coin on the exchange, for example, you will pay a volume-based maker/take fee of between 0.1% and -0.005%. And if you settle this fee using KCS coins – the native token for the exchange – you automatically qualify for a 20% fee discount. And you only need $2 to start investing in cryptos on the platform.

Buy Cryptos on Kuckoin

KuCoin then stands out because it integrates multiple passive investing tools. These let you double your income on your cryptos. First, when the crypto gains value and also in the form of rewards and interests. The passive income generators that you will interact with KuCoin include staking and dual investing. The rest are KCS bonuses, liquidity mining, savings, and crypto lending.

We also liked that KuCoin presents you with multiple ways of buying cryptos. For starters, you can buy crypto safety and instantly with credit cards, debit cards or your fiat balance. You may also buy cryptos on KuCoin with eWallets like PayPal via the integrated fiat-to-crypto onramps.

Not forgetting that you may also leverage the integrated KuCoin peer-to-peer trading platform. This supports hundreds of local and international payment methods.

3. Binance – Best Place to Buy Binance Coin at Low Fees

This makes Binance one of the best crypto exchanges for buying BNB coins. Here, you can buy Binance Coin is the utility token for the Binance exchange and a native token for the Binance Smart Chain.

Therefore, that we list Binance among the best crypto exchanges in the US where you can buy BNB coins shouldn’t come as a surprise. But we don’t just list Binance here because of its close association with the top trending altcoin.

Binance crypto wallets

We also list Binance among the best places to buy BNB coins because of its diverse crypto library and low fees. In addition to Binance Coins, you can buy 600+ established and new cryptos. You may also trade 1000+ crypto pairs on Binance. Every crypto transaction is then subjected to a volume-based maker/taker fee model. This fee ranges between 0.1% and 0.012%. And if you pay with BNB coins, you qualify for a 25% discount.

You would also like Binance because it is a multi-asset platform. In addition to cryptos, Binance integrates an NFT marketplace where you can buy and sell popular NFTs. You also get to interact with margin trades and crypto derivatives on the exchange.

Margin spot trades can be traded with leverages of up to 10X, while derivative traders receive leverages in excess of 50X. These and Binance’s liquidity, as well as its fast transaction processing speeds, make it a top destination for active traders.

The exchange also presents you with multiple ways of buying Binance. For starters, you can buy Binance instantly with cards or convert your crypto balance. You may also buy Binance via fiat–to-crypto onramps. You also get to buy BNB tokens using 700+ local and international payment methods of the extensive Binance peer-to-peer trading platform.

Other factors that make Binance the best place to buy the hottest cryptos like Binance include its safety. The exchange provides you with a free cloud wallet and also operates an in-house insurance fund worth $1+ Billion. It is also listed here because it integrates multiple passive income-generating tools.

These include trading bots, copy trading, savings, staking, and liquidity mining. The interest from some of these programs extends well beyond 100% per annum.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

4. Crypto.com – Best Crypto Exchange for DeFi Investing

Crypto.com is one of the fastest-growing crypto exchanges around. It already has more than 80 million registered users worldwide. It is also deeply liquid and processes in excess of $1 Billion worth of crypto trades daily. You can buy Binance coins on Crypto.com. But you can also buy 250+ other coins and trade 600+ crypto pairs. It also has a user-friendly interface and some of the fastest transaction processing speeds.

Coinbase wallet

However, the hallmark of Crypto.com’s excellence has to be its DeFi wallet. The crypto wallet app gives you access to the ever-growing dApp, DeFi, and Web 3 ecosystems. This exposes you to 500,000+ of the best DeFi tokens to buy right now. You also get to interact with hundreds of highly lucrative passive investing programs within the DeFi and dApp ecosystems. These complement the staking services offered by Crypto.com.

Crypto.com also makes it here because it is both a beginner-friendly exchange and a top choice for active traders. Beginners enjoy the many educational resources hosted on the platform. These include how to buy crypto guides and tips on how to keep your cryptos safe. Pro traders, on the other hand, appreciate its low fees, fast transaction processing speeds, deep liquidity, and diverse crypto library.

They especially like that Crypto.com supports crypto derivative trading – options and futures.

When buying the most sustainable cryptos like Binance on Crypto.com, you will pay highly competitive fees. The exchange applies a volume-based maker/taker fee of between 0.75% and 0%. And if you have staked between 1,000 and 10 million CRO tokens, you qualify for a discount of between 3% and 30%.

Other factors making Crypto.com the best place to buy Binance Coins include the fact that it is safe. It also has an accessible and highly responsive customer support team. It also supports crypto lending, integrates 100+ charting and technical indicators, has a great VIP program, and a visa crypto card.

What is Binance Coin (BNB)?

Binance coin is the native and governance token for the Binance Smart Chain. It is also the utility token for this smart contract platform and the Binance exchange. It is used to facilitate transactions and vote on key decisions for the platform or pay transaction fees on the exchange.

Binance has also been adopted as a payment method by multiple e-commerce platforms globally. Its lucrative past has also landed on millions of portfolios of top crypto investors who view it as an investment vehicle.

What is Binance Coin

The Binance coin was launched in July 2017 alongside the Binance crypto exchange. At first, BNB was a traditional ERC-20 token hosted on the Ethereum blockchain network. It would later on migrate blockchain networks when Binance launched its own Binance Smart Chain – an Ethereum network competitor.

A number of factors make the Binance coin stand out from the rest of the tokens. First, it has a relatively low limited supply of 151 million BNB coins. It was also among the first cryptos to implement the auto-burn deflationary mechanism. This implies that Binance burns – permanently removes from circulation – BNB coins.

These burns include a portion of the coins spent on transaction fees as well as allocations from quarterly burn events. The burn mechanism was triggered in late 2017, and so far, close to 49 Million BNB coins have been burnt. BNB had an initial maximum token supply of 200 million coins. The goal, however, is to burn 50% of these and bring its circulating supply to 100 million BNB coins.

Is Binance Coin (BNB) a Good Investment?

Yes, the Binance Coin is a good investment today because it has performed extraordinarily well in the past. It is also a good investment because it is expected to continue performing well. Below, we look at the top reasons that make BNB coins worth buying right now.

  • Has solid fundamentals: The Binance coin has solid fundamentals. It is not only the utility token for the largest and most liquid crypto exchange. It is also the native coin for one of the largest and most popular smart contract platforms. It also has the backing of a large online community of followers and investors.
  • Value will continue rising: It is also worth investing because its value will continue rising in the foreseeable future. Both its fundamental and technical indicators point to a sustained price uptrend. This translates to positive value gain for your investment.
  • Proven resilience: The BNB coin is also worth buying because it has proved its resilience. It has survived multiple market-wide price crashes, bans in countries like Singapore, and a $4.3 Billion by US financial regulators.
  • Fast expanding ecosystem: The Binance ecosystem is growing, and so is the use case for BNB tokens, which drives its price up. This is driven by the growing popularity and liquidity of the Binance exchange. It is also driven by the rapidly growing developments and user numbers on the Binance Smart Chain.
  • Easily accessible: Binance coin is also worth buying today because it is highly liquid. It has been listed by virtually all the popular crypto exchanges. There also are multiple BNB-paired fiat and crypto sets that make the purchase and liquidation of the top token easy.
  • Obedient to market trends: You may also consider buying BNB because its price is obedient to market trends. It rallies when the market is rallying, and the crypto market is currently on a path to recovery.
  • Lets you earn passively: Binance is also one of the best long-term cryptos to buy because it lets you earn passively. You can stake Binance coins on the Binance smart chain and earn rewards. Most DeFi platforms will let you earn passively when you contribute BNB to different liquidity pools. You also earn BNB passively when you lend your crypto.
  • Trading at a discounted price: You should also buy BNB today because it is trading at a grossly discounted price. At the time of writing, BNB trades more than 60% below its all-time high. Nevertheless, it is expected to rally to a new price record during the next bull market. You, therefore, could be staring at a price of monumental gains if you buy what has become one of the best altcoins today.

What are the Risks of Buying Binance Coin (BNB)?

Like any other investment – crypto or traditional – the Binance coin isn’t immune to risk. There are several downsides to investing in the digital asset. These include:

  • Market volatility: The Binance coin is one of the most volatile cryptos to buy today. Its price swings wildly in reaction to market trends, news and events, regulatory policies, and investor sentiments. It is not uncommon for BNB prices to rise or fall by double-digit percentages in a day. Only buy BNB if you can stomach such volatility.
  • Regulatory uncertainty: Binance has been sued by the SEC in the US. The regulator filed 13 charges against the crypto exchange. We expect this to have a detrimental impact on BNB coins for the duration of the court battle.
  • Competition: Binance exchange faces stiff competition from decentralized exchanges like Uniswap and other popular centralized exchanges like Coinbase. The Binance Smart Chain also faces equally stiffer competition from other smart contract platforms. These include Ethereum, Solana, and Uniswap. When either eats into the exchange or smart chain’s market share, demand for BNB coins goes down – so does its value.

Binance Coin (BNB) Price

Binance coin launched via an ICO in July 2017 with an original price of $0.15 per BNB. Having launched at the base of the 2018 market rally, BNB’s price started rallying as soon as it hit the open markets. It grew by 200% in its first month and proceeded to break above $1 a few days later. It had its first and most successful price rally between August 2017 and January 2018. During this time, it grew by 7300% – from $0.3 to peaking above $22.

Like all other coins, and in obedience to a crashing market, BNB price corrected downwards and dipped below $5 in December 2022. The dip was quickly followed by a sharp uptrend in the first six months of 2019 that saw BNB price reach. This was fueled by the Binance exchange’s success. At the time, the new exchange had just dethroned old exchanges like Coinbase to become the most liquid crypto exchange in the world.

Binance Coin Price Chart

The hype would, however, be watered down by the bear market. By March 2020, BNB was back to trading below $10. But as the crypto market started prepping for a rally, Binance coin took the cue. It stormed into 2021, trading around $33. By May, however, the altcoin had rallied by more than 2000% to set the current ATH of $690.

When the market crashed in 2022, BNB price underwent a serious downward correction. By June of that year, it had shed more than 70% of its peak value to trade at around $210. It would trade around this price level throughout the extended bear market of 2022 and 2023.

Binance Coin (BNB) Price Prediction

Heading into 2024, we aren’t too optimistic about the price action of Binance coin. Not while the case against Binance.US by the SEC drags on. While we expect it to post a decent positive value gain, it will likely not be as sharp as that of its peers.

The best indicator for this is the fact that it has been overthrown as the fourth most valuable crypto asset by Solana. Over the last 12 months, SOL has appreciated by more than 800%, while BNB is only up 10%.

Throughout the year, we expect Binance coin price prediction to oscillate between $250 and $450. Should the courts dismiss the SEC case or rule in BNB’s favour at some point in 2024 or early 2025, we expect it to set a new price record above $1000.

Ways of Buying Binance Coin (BNB)

In this section, we look at the most common ways of buying the Binance coin on the best crypto exchanges around.

Buy Binance Coin with eWallets Like PayPal

There are two primary ways of buying cryptos, like Binance coin with PayPal and exchanges. First, exchanges that accept PayPal deposits will allow you to buy crypto instantly. Examples of these are eToro and Coinbase.

Alternatively, you may buy BNB with PayPal via a fiat-to-crypto onramp or an integrated peer-to-peer platform. The Binance P2P trader, for instance, supports PayPal and hundreds of local and international eWallets.

There are several benefits of buying cryptos with eWallets like PayPal. First, they have some of the fastest transaction processing speeds. Secondly, most exchanges do not charge a deposit fee for PayPal deposits. On the flip side, PayPal and other wallets charge a payment processing fee. They also have relatively low daily transaction limits.

Buy Binance Coin with Credit Card and Debit Card

Cards are one of the most common payment methods in the world. This explains why virtually all top exchanges will let you buy Binance coins with credit cards and debit cards. Some will let you buy crypto instantly with debit cards, while others will process card deposits. Cards purchases are also supported by fiat-to-crypto onramps and on all the popular peer-to-peer trading platforms.

There are a few perks to buying crypto with cards. First is the fact that most exchanges won’t charge you a processing fee for card deposits. Cards are also preferred because they have relatively fast transaction processing speeds. The downsides of using cards, however, include high transaction processing fees by card issuers. They also have low daily transaction limits.

Buy Binance Coin with Bank Transfers

The bank is the most accessible payment processor. This explains why virtually all the best crypto exchanges in the world accept bank deposits. It is a preferred payment method because of its high daily maximum transaction limits. At eToro, for example, there is no limit to how much you can wire to your account from the bank. As is the case with cards and eWallets, most exchanges won’t charge a deposit processing fee.

On the flip side, though, banks charge a relatively high deposit processing fee. They are also bureaucratic, which means that payments take days before reflecting in your account. At eToro, for example, bank deposits may take up to 8 days before reflecting in your trading account.

Best Binance Coin (BNB) Wallets

eToro Money Crypto Wallet

After learning where to get the best cryptos to buy, like Binance, we now need to learn how to keep them safe. In this section, you will learn about the best crypto wallets. We look at the three most common types.

Web wallets

Web wallets are also referred to as cloud wallets. They refer to custodial crypto wallets that store the private keys for digital assets on your behalf. Examples of web wallets are the exchange-based wallets provided by the best crypto exchanges we have discussed above. These are great for convenience as they facilitate fast transfers in and out of trading platforms. They, however, aren’t safe and expose your crypto to hacking and misuse risks.

Software wallets

Software wallets refer to special computer programs and smartphone applications designed to hold private keys. They are also referred to as desktop wallets or mobile wallet apps. They are non-custodial – implying they give you absolute access and control over your private keys.

These encrypt these keys before depositing them in your phone or computer storage. Examples of desktop wallets are Electrum, Guarda, and Exodus. Examples of mobile wallet apps are eToro Money, Trust Wallet, and Coinbase Wallet. They, too, are unsafe as they expose your crypto hackers and malware risks.

Hardware wallets

Hardware wallets are the safest type of crypto wallets out there. These refer to hardware devices that have been specially designed to hold and keep your cryptos safe. They achieve this by holding your keys offline. They, too, give you absolute control and access over your private keys. Examples of hardware wallets are Trezor, KeepKey, and Ledger. Note, however, that these aren’t free.

How to Buy Binance Coin (BNB) – Step-by-Step Guide

In this section, we walk you through the process of buying Binance coins on eToro. As we have already mentioned, the process is easy, and you only need $10 to get started.

Step 1: Create a Crypto Account

Sign up via etoro

Start by opening the official eToro website on your browser. You may also download the eToro trading app on the App Store or Play Store. On either platform, hit the “Join Now” button and complete the registration form that pops up. Here, you will most likely be asked for basic personal information like name, address, phone number, and country of residence. You will also need to come up with a unique username and strong password.

Step 2: Verify your Identity

The registration process on eToro is only considered complete after you have verified your identity. Simply submit a photo of a government-issued ID such as a password or driver’s license. eToro will email an approval notification within 24 hours.

Step 3: Deposit Some Funds

Deposit funds on eToro

Proceed to deposit funds into this account. Start by logging into the newly approved trader account and hit the “Deposit Funds” button on your user dashboard. On the funding tab that pops up, select one and follow the prompts to deposit at least $10 into your trading account.

Step 4: Find Binance Coin

Search for BNB

On your user dashboard, hit the “Discover” icon. This reveals all the finance instruments supported on eToro. Choose “Cryptos” to bring up the list of all digital assets supported on the platform. Find Binance coin from this list or use the search bar.

Step 5: Buy BNB

Buy Binance Coin

Hit the “BUY” option against the Binance Coin. This will bring up the trading tab that lets you customize this trade. Indicate how much you intend to invest in Binance Coin. Then, hit the “Open Trade” button to execute this investment.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.Β Β 

Step 6: Setup and activate the eToro Money wallet app

The private keys for the BNB coins you just purchased will be deposited into the exchange-provided wallet. Note, however, that this eToro wallet cannot receive or send crypto funds out of the eToro brokerage. To move the funds to a third-party wallet or exchange, you first need to set up the eToro wallet app – eToro Money.

Start by downloading eToro money from the App Store or Play Store. Use the credentials created in Step 1 above to log in to the wallet. Link it with the eToro trading account and move the cryptos to the wallet account. This attracts a 0.5% transfer fee (capped at $50). You can now transfer your crypto to any other wallet or exchange.

How to Sell Binance Coin (BNB)

The process of selling cryptos like Binance coin on eToro is also quick and straightforward. Here is a step-by-step guide for selling cryptos on eToro:

  • Step 1: Log back into the eToro trading account.
  • Step 2: Hit the “Portfolio” icon on your user dashboard to reveal all your open crypto trades.
  • Step 3: Choose “Binance Coin” and choose the “Close” trade option.
  • Step 4: Indicate whether you want to sell a portion of coins or the entire position and hit “close” to execute.

Note: The cash equivalent of the BNB coins you just sold will be immediately deposited into your account. Use it to buy more crypto or simply withdraw it.

Conclusion – Where to Buy Binance Coin (BNB)

Buying Binance Coin doesn’t have to be complicated. In the above guide, we have reviewed the four best exchanges where you can buy all popular coins. We then proceeded to discuss the top reasons why anyone should consider investing in the next crypto to explode.

Remember, however, that Binance is currently facing charges in a US court, charged by the SEC. Should the case take as long as Ripple Labs’ case, you should expect BNB prices to perform equally dismally moving forward.

Do you wish to start investing in Binance coins right now? Follow the step-by-step guide for buying cryptos on eToro that we have outlined above.

Author Checked Reviewed and Fact Checked by Kamal Masri, Crypto Writer and Investment Analyst.

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Cryptoassets are a highly volatile unregulated investment product.

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FAQs on Where to Buy Binance Coins (BNB)

Where can I buy Binance Coin today?

We would recommend buying Binance coins on eToro today. The altcoin exchange is easy to use, maintains fixed transaction fees, has a mobile trading app, supports copy trading, and has fast transaction processing speeds.

Yes, you should consider buying Binance coin today because it is expected to sustain an uptrend into the foreseeable future. It also has solid fundamentals, and analysts are optimistic the ongoing SEX charge will have little to no impact on BNB prices.

Yes, Binance has proved its resilience and obedience to crypto market trends. It also has solid fundamentals. All these have the crypto community that BNB price will rebound and rally to new heights during the next bull market.

The crypto exchange will determine the minimum needed to buy Binance coin or any other crypto. You, on the other hand, get to set the maximum investment amount. We advise that this decision be informed by such factors as your risk tolerance, trading skills, investing strategy, and investing skills.