Binance coin (BNB) has greatly appreciated in value since its creation by Binance in 2017.

It has become the native token of the Binance blockchain and globally valuable crypto by market capitalization.

Let’s discuss Binance coin BNB before we learn how to buy the token.

What You Need To Know About Binance Coin BNB

Binance created its token, Binance Coin BNB, after conducting an ICO in order to raise funds for its crypto exchange. The token (BNB) issued as part of the ICO was priced at $0.1 per 1 BNB.

Binance’s meteoric growth since its ICO has made BNB’s price appreciate greatly. This also made Binance ICO to be considered one of the more successful ICO’s around.

BNB is basically an ERC-20 token (i.e. a token on the Ethereum network) that is supported by several wallets.

Binance coin BNB

Binance coin BNB

What Is Binance Coin BNB Used For?

BNB is a utility token for discounted trading fees. It is accepted as payment on Binance for trading fees. By using the token, you get a discount on the fees themselves.

BNB is also used to spend on goods and services in a growing number of establishments today.

How To Buy Binance Coin BNB?

You’ll need to get a Binance coin wallet which could be hardware, software or web wallet. Once you have your wallet, you’ll need to locate your Binance coin address. You can buy your Binance con through the means listed below;

Buy BNB with Bank Transfer

Buy stablecoins listed on Binance by wiring money from your account to the providers of these coins. You can then use these stablecoins to buy BNB on the Binance exchange.
Trade BNB
Binance supports the deposit of more than 150 cryptocurrencies, several of which you can exchange for BNB at some of the best rates in the market.
Buy BNB with Credit Card
You can directly purchase BNB with a credit card on Binance. This is one of the best routes to buy BNB using a debit card or credit card (Visa or MasterCard).

Read Also: 5 Ways To Earn Crypto On Binance Without Trading

These are the ways in which you can buy Binance Coin BNB. Prestmit, the number one gifts exchange platform in Nigeria is there for you in case you need help regarding how to buy BNB.

Please click here to contact PRESTMIT on our official WhatsApp line at 07026290389.