BNB is the cryptocurrency of Binance, a cryptocurrency exchange based in China. The coin was created in 2018 to raise funds for the trade. It was initially known as “BNB Coin” and only allowed holders to vote for new exchange listings. This was later changed to allow users to use their votes in any order.
After an intense day on the cryptocurrency market, many people have searched “Buy BNB Bitcoin.” This can lead to confusion as they are not what they may seem. Here is a quick rundown of buying BNB coinbase and how to buy bnb coin base to avoid confusion.
Why Buy?
The main reason to buy bnb coinbase is to use it. You can use it to pay different fees on the exchange. For example, a fee of 0.1% of your total trades will be charged in BNB coins. This is very worthwhile as those fees are far below the industry average. It can also be used in competitions where you can win prizes such as gift cards or other cryptocurrencies.
However, another reason to buy a bnb coin base is a store of value. While the exchange doesn’t appear to increase the value of the BNB coin base, there is no doubt that you could permanently hold onto it and make a profit.
Where to Buy?
Binance Coin is bought and sold on Binance Exchange and other cryptocurrency platform like bybit.com – the exchange that most people use to buy Binance coins. You can purchase it easily in one of 2 ways:
It’s also possible to purchase BNB directly through the coinbase website. To do this, you will need an account with a wire service like Coinbase or Bitstamp. From there, you can buy Bitcoin and then use that Bitcoin on Binance to purchase the BNB coinbase. Purchasing Bitcoin using a debit or credit card directly on the exchange is also possible.
How to Buy?
There are many different ways to buy bnb coinbase. However, the two places that you should use are Binance (as it is the most significant exchange) and Coinbase (as it has the most straightforward process). The volume of transactions on both exchanges is multiplying, and so, as a result, it has become easier/cheaper for people to buy directly on Binance. For example, on Coinbase, you always have to pay a small fee per transaction. It is best if you can purchase bnb coinbase directly on Binance.
It’s straightforward once you know how. Go to Binance and pick the buy button at the top of the page. You will see many options for buying BnB, which vary in price, amount and speed.
You will be asked for details such as a wallet address during the process. For example, on Binance, you need to enter your Bitcoin address. After choosing what kind of coinbase you want (BTC, ETH or LTC), you decide how much to buy and hit ‘Buy BNB.’
Once the order is placed, you will be asked how many coins to purchase. You can put in as many coins as you want – it won’t affect the price.
After the order is filled, you should soon see your BNB coinbase in your account. You can then move them to another exchange or a wallet. For example, on Binance, you need to enter your Bitcoin address. After choosing what kind of coinbase you want (BTC, ETH or LTC), you decide how much to buy and hit ‘Buy BNB.’
After you buy bnb coinbase, you should ensure it is safe. As long as you choose a good wallet and follow the guidelines, then it should be fine. It’s also worthwhile to check out any recommendations on the Binance website.
How Much to Buy?
It’s essential to consider the price of BNB coinbase when buying it for your portfolio/investments. Right now, it is priced at $10 (USD). This is a meager price for a cryptocurrency and would allow you to purchase more coins. However, the price could always increase to $20 or $30. As such, buying the maximum amount could be the best option.
If you are looking at it as a store of value, you should consider how much a BNB coinbase can be worth in the future. If it increases by 500%, your overall portfolio will increase by that amount. As such, you need to weigh up the value of each coin to see if it makes sense to buy a small amount or a lot.
