We will show you various ways of buying Binance Coin (BNB) quickly and safely. We will also show you how to create a Binance Coin Wallet and keep your BNB safe and secure from hacking or phishing attacks.
You can find the current Bitcoin SV course in our Binance Coin price overview. If you want to see more prices of Bitcoin, Ethereum, Ripple or Litecoin, take a closer look at our price overview page . Here you can find the price developments of over 2.000 altcoins.
As the name suggests, the Binance Coin is the cryptocurrency of the Binance trading platform. BNB has fought its way up slowly but steadily in the ranking of the largest cryptocurrencies by market capitalization and is now permanently in the top 10. The coin offers a whole range of advantages when BNBs are held on Binance. These include, for example, a 50% reduction in trading fees in the first year, 25% in the second, 12.5% in the third and 6.75% in the fourth. The Binance Coin will also play a central role in Binance Decentralized Exchange (DEX).
Another special feature is that Binance conducts a so-called “coin burn” every quarter. In simple terms, this means that a certain amount of Binance Coin is “burned” and thus the value of the Binance Coin increases or is kept deflationary. Binance has undertaken to pass on a share of the profits of the exchange to its users. Through this process, Binance aims to deliver on this promise.
Before you read our purchase instructions, you must make an important decision. Depending on your decision, we will show you the best Binance exchange.
An important decision before buying Binance Coin
The question is: Do you want to manage your Binance Coin yourself and thus have total control over your property? Or do you hand over the responsibility and leave the storage to a exchange?
Please consider the following: The goal and vision of cryptocurrencies, such as Binance Coin, is to develop a financial system that can function completely without banks. For this reason, in our opinion it is desirable to manage your Binance Coin yourself in a wallet. In addition, your Binance Coin will then be optimally secured.
If you store your BNB on a wallet, then only you yourself have access with the help of your private key. If you store your BNB on a exchange, you are completely dependent on the exchange. If the exchange is hacked or is the target of a phishing attack, your BNBs can be stolen. In the past, exchanges were often the target of hacker attacks.
For beginners, however, it can be complicated to fully understand and operate the technical requirements of a wallet. However, we will show you later how to create and use BNB-Wallet in just 5 minutes in a fast and safe way. The safest variant is to use a hardware wallet, as this type of wallet offers the best possible protection.
**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
We present you purchase instructions of the following exchanges:
Buy Binance Coin on Binance
Buy BNB by credit card
The Binance cryptocurrency exchange is one of the largest and most popular exchanges worldwide. In addition, Binance is considered to be very secure and offers a user-friendly interface. We have been a regular customer since the launch of the exchange in 2017 and are completely satisfied with the customer support as well as the general service. Since an update in May 2019, Binance Coin can be purchased directly by credit card. You also have the option of trading the Binance Coin against the following cryptocurrencies:
The simplest option is to buy BNB by credit card. First you have to create an account on Binance.com. Click on this link to register with Binance*. Now you have to enter a password and an e-mail address.
If you have successfully registered, there is a daily trading limit of 2 Bitcoin. You can withdraw cryptocurrencies worth up to 2 bit coins per day from the exchange. If you want to buy Binance Coin by credit card, you must fully verify your identity. Click on your account and then on “Identity Verification”. Then you have to choose whether you want to register yourself or your company. Since you want to create an account for yourself, click on “Personal”.
Now you need to enter some personal information about yourself and scan and upload the front and back of your passport. This process can be run through very easily and quickly. After you have successfully verified yourself, click on the “Funds” tab and then on “Buy Crypto with Credit Card”. You arrive at this view:
Now you have to select “BNB” in the first column and enter the quantity of BNB you want to buy. Directly below you can decide if you want to pay with USD or EUR. The minimum purchase amount is currently USD 50 (as of July 2019). Binance cooperates with the third-party provider Simplex to process payments quickly and securely. Here there are some special features to consider:
- The amount indicated in Binance Coin is based on the current Binance Coin rate and is not final, but will be calculated once your payment has been received by Simplex. If the rate changes by more than 2.5% up or down, you will again be asked to confirm the payment by email under the new conditions.
- As soon as the payment is completed, all information such as the amount of the transaction or the time in the payment history can be checked.
- The daily trading volume is currently 20,000 USD per user and 50,000 USD per month.
- The Simplex fee is 3.5% or 10 USD, whichever is higher.
- Master and Visa cards are accepted as possible credit cards.
>> Buy Binance Coin on Binance * <<
Once you have selected your desired amount and Fiat currency, you can click “Buy Now”. Now enter your credit card information and follow the instructions. If you have successfully completed the purchase, your Binance Coin should appear in your wallet within 30 minutes. You can find your Binance Coin wallet by clicking on the “Funds” tab and then on “Balances”.
Then enter BNB in the search field. Then you can see how much BNB are stored on your Binance Wallet. As already described for input, you can also trade BNB against Bitcoin, Ethereum and a variety of other altcoins.
Trading BNB for Bitcoin or altcoins
If you already own Bitcoin, Ethereum or Ripple, you can transfer them to Binance and then simply trade against the BNB. One advantage is that you don’t have to verify your identity, as with credit card purchases. We’ll show you how Bitcoin trades for BNB.
The first step, of course, is to create an account with Binance again. When you have done this successfully, click on “Funds” and then on “Deposit”. Now enter “BTC” in the search field and click Deposit in the BTC-Bitcoin column. Your Bitcoin receiving address will now be displayed. You can insert them in the Bitcoin purchase process on Litebit. Send to this Receive address your Bitcoins, so that you can trade these afterwards against Binance Coin.
Depending on how heavily the Bitcoin blockchain is loaded, it should not take longer than an hour for your Bitcoin to arrive on your wallet. Now you have to complete two more steps to purchase Binance Coin. Click on “Exchange” in the upper left corner next to the Binance logo and then on “Basic”. Now you get to a new overview. Enter BNB in the search field and click on BNB/BTC, marked red in the screenshot.
Now the display below the price chart changes. You can buy Binance Coin either by “Limit” or “Market” order. We now explain these functions in more detail.
A limit order is an order placed on Binance at a price you specify. Your trade will only be executed when the market price reaches your limit price. If your fixed price is not reached, your purchase order will not be fulfilled, but remains open.
A limit order should always be used when you are not in a hurry and the order must be executed at any price. A market order is executed immediately at the current market price. That’s why the “Market” order is perfect for beginners and investors who want to buy or sell Binance Coin quickly. We now show you how to buy your Binance Coins via Market Order.
Click on “Market”. Enter in the next line “Amount” how much Binance Coin you want to buy. Then click on “Buy BNB” – your purchase order will be executed immediately.
Normally you should see your BNB within seconds on your wallet. As with Coinmerce or eToro, we at Binance also recommend that you move your BNB to an external wallet. In May 2019, Binance was the victim of a hacker attack in which a total of 7,000 Bitcoins were stolen. Think twice about where you keep your BNB.
You can either use the free Atomic Wallet or buy a Hardware Wallet. Hardware Wallets like the Ledger Nano X (our test winner in the Hardware Wallet Test) or the Trezor Model T offer you the best possible protection against hacker and phishing attacks. In the following we will show you how to send your BNB to the Atomic Wallet and how to manage it.
>> Buy Binance Coin on Binance * <<
If you want to trade Ethereum or XRP against BNB, you can also follow our instructions. Send your Ethereum to the Ethereum Wallet of Binance and trade it against BNB. It works in the same way with any other Altcoin. Note, however, that you also send the ETH to the ETH Wallet from Binance and XRP to the XRP Wallet. If you pay attention to this, you can easily and quickly buy BNB with other Altcoins.
Create a Binance Coin (BNB) Wallet
There are several wallet providers on the market, each offering different levels of security and functionality. We have had very good experiences with the Atomic Wallet, as it not only has a user-friendly interface, but also a high level of security. To download the wallet you must first visit the official website. Click on the following link and download the correct version for your operating system. The Binance Coin Wallet is available both as a desktop version and for your mobile phone (iOS and Android).
Since we use a Windows PC, we have downloaded the appropriate version for Windows. When the download is completed successfully, you will need to open the setup file and install the software. That shouldn’t take more than 30 seconds. The program will then start automatically. You will be taken to a window where you can choose between different options. Click on “New Wallet” as you want to create a new wallet.
Now you need to set a password and re-enter it to confirm it. The wallet will then be installed and you will be taken to the Binance Coin Wallet dashboard. The wallet will now display your “backup phrase” consisting of 12 words. Write this phrase down on a piece of paper that you keep in a safe and secret place.
With this seed you can restore your account if your PC breaks down or the wallet is installed on another PC. When you have successfully written down your backup phrase, you can click on “Open Wallet”. The wallet supports a total of more than 300 cryptocurrencies. In order to find out your BNB receiving address, you must enter BNB in the upper search field. Now your Receive-Address is displayed, both are framed in red in the screenshot.
To copy the address, you can simply hover over it with the mouse pointer and click on it once with the right mouse button. Now you can insert the address in Binance, Litebit or another platform as the destination address for sending your BNB Coins.
If you would like to send your Binance Coins with your wallet, you must enter the amount and destination address, framed in green in the following screenshot. To confirm the transaction, you must re-enter your password. This is a built-in security mechanism designed to protect your BNB wallet. The Atomic Wallet works reliably and is very easy to use.
>> Buy Binance Coin on Binance * <<
Buy Binance Coin on eToro
eToro is another serious broker to buy Binance Coin. The big advantage of the platform is the deposit protection per customer of up to 20.000€. In addition, the user interface is very easy to use and available in over 40 languages. However, please note that crypto CFDs are not offered in US/UK under FCA!
The first step is to create an account on etoro.com. Click on the following link to go directly to the etoro.com* registration page. Then click on the green button “Register now”. Now a window opens where you have to enter some personal data.
Once you have successfully entered all the data, you will need to accept the Terms of Use and Privacy Policy. Then click on the blue button “Create Account”.
**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
Limits for the purchase of BNB on eToro
Once you have successfully created your account, you will automatically be logged in to eToro. The current deposit limit is 2,000€. You first have to verify your identity in order to use the full functionality of the exchange.
This table gives you an overview of all the deposit options available, depending on where you live, among other things.
We recommend that you completely verify yourself at this point. The process is completely free and quick and easy. Click on the “Edit” button in your profile. There you have to upload all the necessary documents that are required.
Now you can deposit money. Click on “Deposit Funds” at the bottom left and choose your preferred payment method. The credit will be credited to your account at different rates depending on the method of deposit. As soon as the money has arrived on your account, you can start buying Binance Coin.
Buy Binance Coin on eToro
EToro currently offers a total of 15 cryptocurrencies for purchase and sale. Here you can either buy the cryptocurrency BNB or a certificate, the BNB CFD. We present the purchase instructions for both options.
In contrast, all buy positions with leverage are executed as CFDs. CFDs are so-called derivatives – a security whose value or performance depends on the performance of one or more underlying assets. They are specialized and popular over-the-counter (OTC) financial products that allow traders to easily open positions in a variety of different financial markets. The underlying asset – Binance Coin- is not acquired by the investor. All you receive is a certificate.
To buy the real cryptocurrency you have to click on “Trade Markets” and then on “Crypto”. Now you must click on “B” for “Buy” in the column “BNB Binance Coin”.
The letter “B” stands for “Buy” and “S” for “Sell”. You get to a new window. Here you have to change to “Order” in the upper right corner and then enter the amount for how much USD you want to buy BNB for. When all this is done, you can click on “Set Order” . Your purchase order will then be executed immediately.
>> Buy and Sell Binance Coin on eToro** <<
**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
Buy Binance Coin CFDs on eToro
The purchase of Binance Coin certificates is very similar to the purchase of the real cryptocurrency. To buy Binance Coin CFDs, click again on “B” in the Binance Coin column. Now you set your money amount as usual. Then you have to activate the “Lever multiplier X2”. eToro does not currently offer a larger lever for cryptocurrencies. If you want to trade with a 3-fold lever, you have to use the exchange Binance.
You should then check your Stop Loss and Take Profit settings. A stop-loss limit is very important to limit the possible risk. Then you can open the trade. This is executed immediately when the market is open.
Stop Loss means that you close a trade if the IOTA price reaches a fixed market price or an amount of money you can set. Take Profit sets when your trade is automatically closed when the profit of your trade reaches the amount you have chosen. It is also important to note that eToro charges overnight fees (also known as rollover fees). These will appear in the pop-up window before you place your order (see screenshot).
If everything fits, you can click on “Open Trade”.
>> Buy and Sell Binance Coin CFDs on eToro** <<
**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
Minimum deposits and processing fees
When trading on eToro, you need to be aware of the following:
- All Trading accounts are in USD (and not in Euro). That’s why your deposit will be converted into US dollars immediately. This happens at the current exchange rate, but please note that there is a conversion fee.
- The minimum deposit for all deposits except the first deposit must be at least 50 USD. A minimum of 500 USD is required for deposits made by bank transfer.
- For payouts there is a processing fee for the withdrawal. You will see the respective withdrawal fee in the cashier area after you have entered the withdrawal amount. For payouts greater than 50 USD, this amounts to 25 USD.
Is eToro safe and recommended?
From our point of view, this question is very important because the management of private keys is delegated to a broker. The user gives the control over his own assets to a third party, here: eToro! This makes it all the more important that the broker is reputable and trustworthy.
From our point of view, this is clearly the case with eToro. As a rule, customer deposits are always well secured when the respective broker is supervised by a regulatory authority. EToro is immediately controlled by supervisory authorities that are considered to be very precise and strict in professional circles:
- CySEC: As eToro has part of its headquarters in Cyprus, the Cypriot CySEC is responsible for monitoring.
- FCA: As eToro has also established a subsidiary in Great Britain, the British FCA is also responsible for the control of eToro.
The broker also actively protects customer deposits by keeping them separate from the company’s assets. Even if the broker were to become insolvent, the customer’s money would not flow into the insolvency estate.
>> Buy and Sell Binance Coin on eToro** <<
**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Buy Binance Coin on Bit-Z
Bit-Z is an exchange from Singapore that offers trading in cryptocurrencies such as Binance Coin and other digital assets. To buy Binance Coin on Bit-Z, you must first register. Click on the following link which will take you directly to the registration process.
In the registration process you must first enter your telephone number. Then click on the “Send” button. Bit-Z will send you a code via SMS, which you have to enter in the column “Verification Code”. Now you also have to assign a password and accept the terms and conditions. Then click on “Sign up”.
Now you have successfully created your account and can log in. You are in the first verification stage and can therefore withdraw cryptocurrencies worth up to 2 bit coins per day. But you can deposit an unlimited amount of digital assets. To increase the security of your account, we recommend that you set up a trade password and enable 2-factor authentication. You will find the corresponding settings in the “Security” section. You can trade on Bit-Z Bitcoin, Ethereum or USDT against Binance Coin. We’ll show you how to trade Bitcoin against BNB.
In the first step you have to deposit Bitcoin on the Bitcoin wallet of Bit-Z. Therefore click first on “Exchange Account” and then on “Exchange Asset”. Now you get to a new overview. Click on “Deposit” in the Bitcoin column.
In the next step you will be informed that you should only send Bitcoin to this address. To see your Bitcoin address, click on “View”. Send to this “BTC Deposit Address” the number of Bitcoin units you want to trade against BNB.
When you have sent your Bitcoins, it usually takes a while for them to arrive on your wallet. Once the Bitcoin have arrived on your wallet, you can proceed with the purchase. Now click on the “Exchange” tab and select “Exchange”. Scroll down a bit and enter BNB in the search field. Then select the trading pair BNB/BTC, marked red in the screenshot.
Then a new window opens on the right side. You now have three different ways to choose how to buy BNB: “Limit”, “Market” or “Stop-Limit”. We briefly explain the most important differences.
Only “Limit” and “Market” are suitable for buying BNBs. A limit order is a buy order placed at a price you specify. Only when the market price reaches your limit price will the order be executed. In contrast, with a market order, your purchase order is executed immediately at the average market price. The Market Order is therefore particularly suitable for beginners and investors who do not have much time and want to buy and sell immediately. Therefore click on “Market”. Now enter in the column “Amount” how much Bitcoin you want to trade against BNB. When you have entered the desired amount, click on “Buy BNB”.
Your purchase order will be executed immediately and you should see your BNB immediately in your account. We recommend that you do not leave your BNB on the exchange, but transfer it to an external wallet. You can either use the instructions shown by us or invest money in a hardware wallet. That gives you the best possible protection. You can find an overview of all hardware wallets tested by us here.
Buy Binance Coin with Tether on LBank
LBank is a Singapore crypto exchange that offers over 50 different cryptocurrencies for trading. The exchange was founded in 2017 and has enjoyed constant growth ever since. Among other things, the exchange offers the purchase of Binance Coin with Bitcoin. We would like to briefly introduce you to this process below.
First you have to register on the official website of LBank. Click on the following link* to create an account for yourself. In the first step you have to enter a mail address as well as a password. Fill in this information and click on “Sign Up”. You will receive an email containing a confirmation link. Click on it to activate your account.
After that you will be logged in automatically. Now click on “Exchange” in the navigation bar. A new page will then open. Now click on “Deposit”. Now you have to select USDT in the search field. Immediately afterwards your Tether receiving address will be displayed, marked red in the screenshot.
You can copy the address and paste it into your wallet or exchange, depending on where you want to send your tether to LBank from. Then send your Bitcoins to the wallet of LBank. Depending on the load of the tether blockchain, your USDT should arrive on your wallet relatively quickly (usually after 30 minutes). The next step is to click on the “Exchange” tab in the navigation bar. Then click on USD in the navigation to the right of the logo and enter “BNB”, as you want to trade tether against the Binance Coin, framed in red in the screenshot.
Now the view in the lower right corner of the screen changes. Now click on “Market” and enter how much tether you would like to spend on your Binance Coin. As described above, in this case your purchase order will be executed immediately at the current average market price on the platform. You will then immediately receive your Binance Coin transferred to the wallet. In contrast, a “limit” order is only executed when the price has reached the value you set. The Market Order is therefore suitable for beginners and investors with little time.
Once you have clicked on Market and entered your amount, you can click on “Buy BNB”. You will see your BNB on your wallet within seconds. Now you’re the proud owner of BNB Coins.
However, we recommend that you do not leave your BNB Coins on the exchange, as Exchanges have been the victims of hacker attacks in the past. You can either play it safe and buy a hardware wallet, like the Ledger Nano X, or you can use the free wallet from Atomic that we introduced.
An advantage of the LBank exchange is that you do not have to go through a complete verification to trade on the platform. Your daily trading limit in the first level is 2 Bitcoin per day. This means that you can trade and withdraw Binance Coins worth 2 Bitcoin per day.
For all investors who want to trade larger amounts of capital, it can be useful to carry out a verification. This process can be carried out very quickly and easily. Click on “My Account” and then on “Security Policy”. Here you can verify your identity in the “KYC” section and increase your withdrawal limits. We also recommend that you enable 2-factor authentication. This will significantly increase the security of your account.
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