How To Buy Binance Coin UK Buy Binance Coin In Under 5 Minutes

Like most successful cryptoassets, the coin has experienced high volatility and a strong price increase. In the summer of 2020, just 3 years after its launch, BNB was already worth 200 times more (200x). A year later, the coin has jumped another 1,500% (15x), reaching a market capitalization north of $50 billion. As the native token for the Binance Smart Chain, BNB is also used for every transaction on the Binance Smart Chain. Due to the huge transaction volume the blockchain has attracted since its launch, having passed Ethereum with great margin, the demand for BNB has further increased. USA residents can trade over 150+ digital assets, international residents including Australia, Singapore, and UK can trade over 350+ digital assets.

The crypto broker offers multiple features like an educational section, analysis, and alerts. As with any investment, the decision to enter the cryptocurrency market requires thorough research. You can rely https://cryptominer.services/kraken-vs-coinbase-vs-binance/ on us to provide the most up-to-date and accurate information, as we only use credible and reputable sources for our content. This puts investors in the best position to make smart crypto decisions.

BNB Market Data

Apple Pay and Google Pay are the quickest ways to buy BNB with a credit or a debit card from your iOS or Android device. Double-check your unique crypto wallet address to make sure it is correct. The convenient way to buy Binance Coin in the UK is to sign up with a respected online broker that is regulated by a major body such as the FCA. You can then complete your registration by uploading ID and funding your account.

We recommend non-USA customers BNB tokens directly on the Binance exchange. Binance is one of the largest exchanges worldwide, and the token offers a 25% discount when using its services. Therefore, we can expect the coin to be around for the long term. Faucets are rewards distributed by exchanges for completing simple tasks. BNBs native platform Binance has a Learn & Earn section that you can do to receive small amounts of cryptocurrency. Pepperstone is a brilliant site for investing in BNB through CFDs due to its user-friendly platform.

• If you would like to trade BNB to a decentralized exchange you may want to check Trust Wallet which supports millions of assets and blockchains.
• 75% of retail investor accounts lose money when trading CFDs from this provider.
• The Binance exchange also uses it to promote discounted trading fees as an incentive to holders.

You can easily buy Binance Coin without any buying fees from our exchange. If you buy Binance Coin via a respected brokerage, you just need to sell the asset back to the provider with a simple ‘sell’ order to cash out. This is because, as we mentioned, the provider is able to store your coins for you. Taking this route cuts out the need to withdraw tokens from your private wallet and then send https://bitcoin-mining.biz/web-programming-on-a-chromebook/ your investment back to the platform in question to cash out. Although some investors have made a lot of money in cryptocurrency, others have lost significant amounts, since the price of a coin or token can fluctuate suddenly. It is helpful to maintain a balanced investment portfolio that isn’t heavily weighted toward a single asset class, especially a high-risk one like cryptocurrencies.

Where to buy BNB coin and how to choose a reliable platform?

These supply crunches can act as a counterweight against any unforeseen shocks to the wider crypto market that may deflate the price of the coin. Before buying Binance Coin, it is worth remembering that you should do your own research on the fundamentals, ecosystem, and trajectory of BNB. While this investment could provide eye-catching returns, it could also lead to partial losses in the short term.

• Make your own decision and ensure that you do not get suckered in by the sweet words.
• Nexo is a solid option for buying and storing Binance Coin as you can earn up to 8% annual interest on your BNB investment.
• Alternatively, PancakeSwap and other protocols allow for BNB staking as well.
• Binance Coin is the native token of Binance, one of the world’s largest crypto exchanges.
• Therefore, we can expect the coin to be around for the long term.
• He takes pride in boiling down complex topics into language his parents can understand.

As such, below we have detailed how to sign up and buy Binance Coin in the UK – to start you off on the right foot. You are completely sure that Binance Coin will go up, and you just have $ 1,000 at that moment, but the fact is, you have the chance of investing more. Therefore, we think any time is a good time to invest in Binance Coin. You’ll want to make sure that any wallet you choose is compatible with BNB.

What is Binance Coin (BNB)?

Get MPS tokens to raise it up to £43,900 and enjoy discounted fees. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Investing in Binance Coin ultimately boils down to your financial position today and your financial targets for the future. Some investors will choose to buy Binance Coin for short periods in the hope that they may welcome quick profits. Meanwhile, others will opt to invest in Binance Coin for the long term with a view to seeing the value of their investment increase over time.

On eToro, you can buy BNB with a minimum deposit of $10 (around £8), making it a suitable choice for new investors that are just beginning their investing careers. Along with a low minimum deposit, eToro has recently introduced a standard transparent fee of 1% for all cryptoassets. Finder.com is an independent comparison platform and
information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site.

Not only will they probably expect you to secure your own investment at a cryptocurrency exchange – but the trading fees are usually higher on such platforms. BNB was launched in 2017 through an initial coin offering (ICO) as an asset for users of the new exchange to pay fewer trading and transaction fees. Within a year, it gave its early investors a whopping 1,300% return. Fueled by this blazing performance, Binance Coin’s popularity rose quickly to make it a favorite in the crypto market.Many traders trade BNB every day. Coinbase is one of the most popular, easy-to-use cryptocurrency exchanges out there.

How to buy Binance Coin in the UK

We also scrutinize the provider’s reputation and choice of deposit methods – amongst other factors. This is because leverage is most common in short-term operations or day trading, and cryptocurrencies tend to be a medium or long-term investment. Thus, Binance Coin was originally created with the purpose of covering the charges for operations within the exchange, i.e. the payment of commissions. And, since commissions can also be paid with other cryptocurrencies, the platform offers discounts starting at 25% to those who use Binance Coin.

However, this August bull run has seen Binance Coin come into focus again as crypto trades have begun to enjoy new highs. Binance Coin has surged to a current value of $462.28 with a fully diluted market cap worth over $80 billion, more than triple its April figure. Binance started life as a small-cap Bitcoin exchange in 2017 in Mainland China and became an instant success. It launched on the Ethereum blockchain, subsequently releasing its utility token Binance Coin. From inception, the Chinese exchange intended to transition from a centralized exchange to a decentralized one – a feat they achieved two years later.

With this crypto broker, you can use BNB to buy NFTs, stake, lend, or hold as an investment crypto assets. Both novice and experienced investors can use our comparison tables to simplify the process of identifying the right cryptocurrencies for them. Binance Coin holders can use the tokens to receive discounts on Binance crypto exchange transaction fees. It can also be used to trade for other cryptocurrencies, such as Bitcoin, Dogecoin or Litecoin. This has seen Binance more than triple its trading volume and currently averages over $100 billion, the closest being publicly-listed US exchange Coinbase with $5.2 billion. Binance’s continued dominance of the crypto scene will only see Binance Coin continue to enjoy market demand.

Be sure to enable 2-factor authorization and other safety features (such as delayed withdrawals and withdrawals only to white-listed addresses) when opening the account. This ensures that unauthorized access to your account and funds is significantly more difficult. The process is straightforward and similar to that of an online brokerage.

This makes it easy for traders and investors alike to monitor BNB’s price performance in real-time. You can also trade it against the British Pounds, Euro, and the Brazilian Real, and several others. A broker with various payments options means you can make deposits and withdrawals easily and cheaply. The best platforms usually support bank transfers and debit cards. You can also check for e-Wallet payment options like PayPal and Skrill.

For investors looking to benefit from the success of Binance, holding BNB tokens is an easy way to indirectly participate in the growth of the platform. As Binance attracts more users and expands its services, the demand for BNB is expected to grow accordingly, leading to a continuous increase in price. The main difference between CFDs and to buy Binance Coin is that you will not own the asset with a derivative product. Therefore, you cannot withdraw CFDs to a private wallet and rely on the platform to safely hold your investment. However, buying real coins means you have full control and can store it in hardware wallets or spend it.

The minimum first deposit to get the ball rolling and set up your account is just $200. This is a regulated provider, so you will need to send documentation to prove your identity, which is standard practice. This allows https://crypto-trading.info/multibank-exchange-group-forex-broker-review-by/ you to buy and sell BNB tokens, but also means the brokerage will store your crypto-assets for you. At first, BNB was used to support the Binance exchange’s development and marketing with the money raised from it.

This how to buy Binance Coin in the UK guide found over 500 currencies here. This includes Ripple, Bitcoin,, Shibu Inu, Ethereum, Polkadot, Chainlink, and many more. Small-cap crypto assets include Mask, Everipedia, Wabi, LUNA, Cryptyk, Enzyme, and others. Binance Coin (BNB) is a cryptocurrency that can be used for trading and payment on the Binance platform. This digital currency was first created on the Ethereum network with the purpose of paying transaction fees in the Binance exchange. But in a short time, it moved to its native blockchain, Binance Chain.

Also, write how many tokens you want to convert in the required sections. Choose the order type and the amount of money you want to exchange, then click the “Buy” button to complete the transaction. Then click the relevant trading pair to the currency you’ve deposited.