Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
How to buy, sell and trade Binance Coin (BNB)
Where, why and how to buy, sell and trade Binance Coin (BNB).
Binance Coin (BNB) is the native token of the Binance exchange and Binance Smart Chain (BSC) blockchain. Thanks to the success of both these platforms, BNB has risen to become one of the most valuable cryptocurrencies on the market.

2. Create an account
To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.

3. Make a deposit
Once verified, you can deposit EUR using the payment method that best suits you – bank transfer, debit and credit cards are all widely accepted.

4. Buy Binance Coin (BNB)
You can now purchase BNB. On user friendly exchanges this is as simple as entering the amount you want to purchase and clicking “buy.” If you like you can now withdraw your BNB to a crypto wallet.
Where to buy Binance Coin (BNB)
Sign up for one of the following exchanges to purchase BNB, then deposit funds to start trading.
How to buy Binance Coin (BNB)
Step 1. Register for an account with an exchange that allows you to buy BNB
The first thing you’ll need to do is search for an exchange that lists BNB or choose from our list above. Once you’ve found a suitable exchange, sign up using an email address and complete registration.
On some platforms, this is all you need to do before you can start trading. However, many exchanges require additional information, including your full name, contact details and a valid form of photo ID, to satisfy KYC (know your customer) laws. You’ll need to provide those before you can buy any Binance Coin, and it’s also a good idea to enable two-factor authentication on your account for extra security.
Step 2. Deposit funds into your account
BNB is widely available on Canadian exchanges, which means you can deposit EUR to buy your BNB. Look for an exchange in the table above that offers your preferred payment method such as bank transfer, credit or debit card.
Alternatively, you could deposit cryptocurrency such as Bitcoin (BTC) or Ethereum (ETH) to trade for Binance Coin.
Step 3. Buy BNB
Navigate your way to the markets section on your chosen exchange, then search for the currency pairing you want, for example, EUR/BNB.
Before finalizing your purchase, make sure you review the full details and total cost of the transaction.
How to sell Binance Coin (BNB)
If you want to sell your BNB, go to your exchange wallet and look for the option to “Sell BNB”. Alternatively, you might need to go to the Markets tab and sell it for another currency such as EUR or BTC by placing a trade, and setting the price you want to sell it for. However, remember that as exchanges don’t list every potential currency pairing, it may not be possible to trade your BNB for the currency you want straight away.
What is Binance coin?
BNB on Binance exchange
On the Binance exchange, BNB provides users with discounts on trading fees, serves as a trading pair for coins and is used on the Binance Decentralized Exchange (DEX). Fees paid in BNB are then periodically “burnt”, which means they are permanently removed from circulation, which in turn decreases the supply theoretically increasing value. Binance will continue to burn coins until the supply is reduced from 200 million to 100 million, at the time of writing there are 170 million BNB remaining in circulation.
Binance completed it’s 14th quarterly burn at the end of 2020.
BNB is also used on the exchange to participate in launchpad events, which are similar to Initial Coin Offerings (ICO).
BNB on Binance Smart Chain (BSC)
On the Binance Smart Chain (a smart contract platform developed by Binance based on Ethereum’s codebase) BNB is used to pay gas fees and has a central role in many DeFi applications (dapps). In this way, it is very similar to the role of ETH on Ethereum.
For instance, users can deposit BNB to provide liquidity on the PancakeSwap DEX or be traded for BEP-20 tokens (The BSC version of ERC-20 tokens).
What to consider when buying Binance Coin (BNB)
- Utility: If you’re a frequent user of of Binance then you may want to pick up some BNB to get discounts on your trading fees, as well as participate in Launchpad events or even stake BNB to earn interest.
- Burn: BNB is a deflationary asset which means the supply will reduce over time. Deflationary assets are expected to rise in value as a result – but only if the demand is there.
- DeFi: Binance Smart Chain (BSC) has become one of the most popular blockchains for DeFi thanks to its extremely low-fees, and compatibility with Ethereum smart contracts and dapps. If you plan to use BSC you will need some BNB to pay for gas fees as well as participate in the various DeFi services available.
More guides on Finder
-
How to buy Robinhood stock from Ireland
Robinhood is expected to go public, here’s what you need to know if you’re looking to buy in from Ireland.
-
How to buy, sell and trade Aeternity (AE)
Read our comprehensive guide to the Aeternity smart contract platform and how to buy Aeon (AE), Aeternity’s native currency.
-
How to buy, sell and trade Dai (DAI)
Step-by-step instructions on how to buy, sell and trade Dai (DAI), the cryptocurrency stablecoin issued by MakerDAO.
-
What are security tokens?
Learn more about security tokens and why some experts consider them the next big thing in the cryptocurrency space.
-
What is a stablecoin?
A comprehensive overview of cryptocurrency stablecoins, including how they work, what they’re used for and why they’re important.
-
Compare and learn about cryptocurrency trading bots
Your detailed guide to cryptocurrency trading bots, how they work and the benefits and risks you need to consider when choosing a crypto trading bot.
-
Compare cryptocurrency loans and lending services
Bitcoin loans offer a new and decentralised way to access personal financing. Find out how these loans work in our guide to cryptocurrency lending and borrowing.
-
How to earn passive income with cryptocurrency
It’s possible to make money from cryptocurrency without just buying low and selling high. Here’s how.
-
How to buy Roblox (RBLX) stock from Ireland
Roblox is set to go public, here’s what you need to know if you’re looking to buy in from Ireland.
-
How to invest in the BTCC Bitcoin ETF in Ireland
The world’s first physical Bitcoin ETF has launched onto the stock market. Here’s how to invest if you’re in Ireland.
Ask an Expert