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How to buy, sell and trade Binance Coin (BNB)

Learn how Binance Coin (BNB) coin works, as well as where to trade it.

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.

1. Compare crypto exchanges

Binance Coin (BNB) can be bought from a wide range of cryptocurrency exchanges. Compare exchanges on features such as fees, payment methods and currencies.

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 SGD using the payment method that best suits you – bank transfer, credit and debit 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.

Binance Coin can be purchased on a range of exchanges, listed below.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Binance Coin (BNB)

Sign up for one of the following exchanges to purchase BNB, then deposit funds to start trading.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

148
cryptocurrencies

Buy 100+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
FTX Cryptocurrency Exchange
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

69
cryptocurrencies

FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
AAX Cryptocurrency Exchange
AAX Cryptocurrency Exchange
Alipay, Bank transfer, Cash, Neteller, PayPal, Qiwi, SWIFT, WeChat, Western Union, UPI, IMPS, Paytm, Faster Payments (FPS), PayNow, Swish, Payme
AUD, CAD, CNH, CHF, EUR, GBP, HKD, NZD, SGD, USD

110
cryptocurrencies

Make fast transactions including spot, futures and P2P trading with this cryptocurrency exchange.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

829
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

437
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill, Apple Pay
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

32
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
eToroX Cryptocurrency Exchange
Cryptocurrency
CADX, AUDX, EURX, NZDX, GBPX, CHFX

32
cryptocurrencies

Trade cryptocurrency to cryptocurrency on eToroX, an exchange arm of the popular eToro trading platform.
Bithumb Cryptocurrency Exchange
Cryptocurrency
KRW

195
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
Coinhako Crypto Wallet & Kiosk
Bank transfer (ACH)
SGD, IDR, VND, USD

30
cryptocurrencies

Buy and sell bitcoin and Ethereum at competitive rates from within your Coinhako wallet. Link directly to your Singapore or Malaysia bank account.
IDEX Cryptocurrency Exchange
Cryptocurrency
-

257
cryptocurrencies

A decentralised cryptocurrency exchange where you can trade over 250 ERC20 tokens.
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Compare up to 4 providers

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 Singapore exchanges, which means you can deposit SGD to buy your BNB. Look for an exchange in the table above that offers your preferred payment method such as bank transfer or credit/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, SGD/BNB.

Before finalising 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 SGD 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 Decentralised 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.

An image showing the stats of the 14th BNB burn

Binance completed its 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.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.

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