FFounded in 2017, Binance is the largest cryptocurrency exchange in the world. The company runs its own blockchain and has issued its own cryptocurrency, Binance Coin (BNB).
BNB was launched as a utility token to pay trading fees. Over the years, Binance partners have found additional uses for it, including travel booking, entertainment, online services and financial services. It is used to pay transaction fees on Binance trades, on Binance DEX and on Binance Chain.
Binance has also recruited several retailers to accept BNB tokens as a form of payment.
Binance BNB consistently ranks among the top five cryptocurrencies in terms of market capitalization.
All these have made BNB attractive to investors.
Here is a quick overview and some tips on where and how to buy Binance Coin (BNB).
Where to buy Binance Coin (BNB)?
Most people buy BNB on the Binance exchange, but it is widely available on websites and crypto platforms across the internet. This wide variety of platforms makes finding a site one of the most difficult tasks when you are figuring out how to buy Binance Coin.
Most exchanges, including decentralized exchanges, or DEXs, that have recently gained so much attention in the crypto community, cater to the same small audience of experienced crypto experts who are comfortable selecting a hardware or software wallet, using hexadecimal cryptographic keys. secure, and interact directly with the blockchain.
These days, people outside the traditional crypto world are buying BNB and other cryptocurrencies for the first time. Expert-only platforms do not provide security measures, newbie support, or easy-to-use tools that will help such users succeed. The existing sites are largely geared towards the needs of computer-science grads and blockchain experts. They are great solutions if you are a digital insider.
If you don’t dream fluently in hexadecimal, a traditional exchange may not be the best answer to the question of where to buy Binance Coin. If you don’t speak C++ or Java, it’s best to create an account on a compatible crypto platform like Cryptomat.
Cryptomat is easy to use. It provides the current trading Binance coin price and the chance to buy any cryptocurrency you want. If you are new to the world of blockchain and you want to buy BNB coins, then Cryptomat is a great option.
Creating an account is a little more complicated than defining your username and password. One way you know you are dealing with a reputable crypto exchange will require you to verify your identity by providing an electronic copy of your government-issued passport or other ID. These Know Your Customer (KYC) rules are required for every business that complies with the anti-money laundering provisions of the EU GDPR.
Identity verification on some sites can take hours, days or longer. At Cryptomat, simple KYC procedures can be completed in minutes.
How to Buy Binance Coins?
After creating and verifying your account, you are ready to focus on the next steps on how to buy BNB.
The fastest and easiest way to buy Binance Coin (BNB) is to use Visa or Mastercard. Select Buy from the menu and follow the prompts – you can buy BNB in seconds and add it to your Cryptomat wallet.
If you wish, you can transfer your investment funds to Cryptomat via bank transfer or through a cash-transfer service like Skrill or Neteller. Cryptomat accepts deposits in over a dozen of the most widely used European fiat currencies. Once your deposit appears in your account, you can follow the menu and make purchases.
That is all you need to know. You are now an expert in the fine arts on how to buy BNB.
The most important decision you will make is choosing where to buy Binance Coin. As you evaluate crypto platforms, be sure to take into account licensing and regulation, security certification, investment tools, ease of use, and customer support.
You do not receive any physical Binance Coins when you buy BNB online. The coins you buy are transferred to your electronic address on the blockchain. Cryptomat handles all the details of public key encryption to ensure that your crypto is transferred quickly and remains secure.
About Cryptomato
Founded in 2018, Cryptomat revolutionized the cryptocurrency world with the introduction of the simplest platform in Europe. Cryptomat makes digital finance so simple that everyone everywhere can access the freedom, fairness and fulfillment that crypto represents. Hundreds of thousands of customers across Europe and in 120 countries around the world trust Cryptomat when they buy, sell, swap, earn, share and invest in crypto.
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