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How to buy Wrapped BNB (WBNB)

Learn how to buy Wrapped BNB (WBNB) in our step-by-step guide.

Where to buy Wrapped BNB

It looks like WBNB may not be available to purchase on an exchange in the US.

You can still purchase WBNB by using a decentralized exchange (DEX) instead. decentralized exchanges are web applications that run on blockchains like Binance Smart Chain (BSC) and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase WBNB using a decentralized exchange.
  1. Find WBNB on a decentralized exchange and make sure Wrapped BNB can be traded for BNB which is the native asset of Binance. The most popular DEX on Binance Smart Chain is PancakeSwap.
  2. Buy BNB to trade for WBNB using an exchange like Crypto.com. You will need to purchase enough BNB to swap for WBNB as well as BNB to pay for transaction fees (known as gas) on the BSC network, which usually costs less than a dollar.
  3. Transfer the BNB into a a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade BNB for WBNB on PancakeSwap, following the instructions on screen. Make sure to leave enough BNB in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the WBNB tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

Best Wrapped BNB wallets to store your WBNB

You can keep your WBNB on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Wrapped BNB a good investment?

Before buying a wrapped token such as wBNB, it’s important to consider its use cases and the risks involved. Here's what to consider before purchasing wBNB:
  • Price: wBNB is designed to track the price of BNB tokens at a rate of 1:1. It’s important to remember that wBNB will be subject to the same level of price volatility as the Binance Coin.
  • wBNB vs BNB: There are pros and cons to buying wrapped tokens. A user may get more use out of a wrapped token, but it could come at the cost of losing the security of the original.
  • BNB tokenomics: As the price of wBNB is dependent on the price of the underlying asset, it's important to understand the tokenomics of BNB. Binance implements a deflationary quarterly burn of BNB coins to permanently reduce supply and increase value. The amount of BNB burned is based on Binance’s overall quarterly trading volume. Starting with an initial circulating supply of 200 million tokens, quarterly burns are set to continue until the total reduces to 100 million. To date, 30 million tokens have been destroyed.

Additional information about Wrapped BNB can be found using our WBNB analysis tools.

Today's Wrapped BNB price versus ATH

Compare today's price of Wrapped BNB ($274.19 USD) against its all-time-high price of $687.22 USD on 10 May 2021. The closer the bar is to 100%, the closer WBNB is to reaching its ATH again.

Wrapped BNB's price: $274.19
ATH date: May 10, 2021
39.90%

Wrapped BNB ATH: $687.22


How to trade, convert or sell Wrapped BNB

You can convert or sell your WBNB with the same exchange you bought it through:
  1. Sign in to the exchange you have WBNB on.
  2. If you store your Wrapped BNB in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of WBNB you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Wrapped BNB.
  6. Complete your transaction and move your WBNB to a wallet for storage.

Disclaimer: Cryptocurrencies, including Wrapped BNB, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of WBNB is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Wrapped BNB or any other cryptocurrency discussed.

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