How to Buy Binance (BNB)
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Binance Coin (BNB) tokens are the native token of the Binance exchange. Since BNB tokens offers discounts to Binance exchange fees. We recommend non-USA customers BNB tokens directly on the Binance exchange.
Binance
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing BNB directly is that you benefit from being a token holder with reduced exchange fees, and you can experience first-hand how powerful this platform is. Binance is hands-down the most advanced trading platform on the planet, they feature 100s of tokens.
View our detailed Investing in Binance guide to learn more about why Binance is a good investment, read our Binance Review for traders, or visit Binance.
Use Discount Code: EE59L0QP for 10% cashback off all trading fees.
Paybis
Paybis operate a very well-trusted Bitcoin and cryptocurrency purchase platform where you can buy BNB and a range of other crypto using nothing more than your credit or debit card. They have been around since 2014 and have helped hundreds of thousands of people to make Bitcoin purchases.
If you simply want to buy BNB and hold then this is one of the easiest ways to buy BNB with a credit card or debit card.
USA Customers are welcome to buy BNB excluding residents from these states: Alaska, Louisiana, Hawaii, Nevada, New Mexico, New York, Vermont, Washington.
Gate.io
Gate.io was established in 2013, while it is not one of the most popular exchanges, they do offer a reputable trading platform with an easy to use interface for beginners while still maintaining robust and advanced charts for various types of skill levels including technical traders. They have a large number of altcoins including Binance Coin (BNB). While we do have some concerns with trustworthiness (please see review) they do have a strong stance against any type of market manipulation.
What is Binance Coin (BNB)?
Binance Coin or ‘BNB’, is a cryptocurrency developed and released by the world’s leading cryptocurrency exchange, Binance.
What does it do?
While Binance is a wildly popular exchange, the company is looking to expand their operations to include a variety of different services. Binance Coin was created to serve this entire ecosystem.
For the time being, the vast majority of users utilize BNB to pay for various fees. While fees can be paid for with other assets, utilizing BNB provides its users with discounts on said fees.
Despite being primarily used as a means to pay fees on the Binance exchange, BNB’s structuring as a cryptocurrency allows for it to facility everyday transactions similar to coins like Bitcoin, Litecoin, and more.
How does Binance Coin (BNB) work?
Binance Coin is structured as an ERC-20 token. This means that it is built using solidity as a coding language, and operates atop the Ethereum blockchain.
The token itself was distributed in a past ICO, and is limited to a total 200 billion BNB. This total will eventually become static at 100 billion BNB, as Binance intends to routinely ‘burn’ tokens on a quarterly basis. To date, Binance has undergone 6 separate burn cycles.
Projected Developments?
Currently structured atop the Ethereum network, Binance Coin will soon be revamped. The team at Binance has indicated that that BNB will soon transition away from Ethereum network, and on to their own self-titled blockchain, Binance Chain. No exact timeline has been given for this transition.
Underlying Ideology?
Binance Coin appears to be free of an underlying ideology. Its existence is solely as a means for Binance to capture a greater percentage of fees associated with the trading, listing, etc, of cryptocurrencies.
Acceptance and Controversies?
Due to the popularity of Binance exchange, Binance Coin has grown along with it. This adoption has resulted in a need for custodial options, with a bevy of wallet services now supporting the asset.
Beyond custodial support, Binance coin has seem modest adoption from various companies affiliated with Binance exchange. These affiliations open up the opportunity for BNB to be used for travel expenses, bill payments, investments, and more.
Throughout its short lifecycle, Binance Coin has remained relatively free of controversy. While there have been instances in which traders suspect market manipulation involving BNB, this is no different than most other cryptocurrencies. Where concern rises, is the potential for BNB to be viewed as a security. If this were found to be the case, there would be serious ramifications for Binance and BNB.
Regulation?
Binance CEO, Changpeng Zhao, has stated that BNB is not a security, and that various regulatory bodies have made this distinction based on its unique attributes.
In North America however, there has been little to no commentary made regarding BNB by actual regulators. Despite how BNB is treated in certain parts of the world, there remains a risk that the regulators such as the SEC will deem the asset a security. The simple fact that the token was sold via ICO, and that Binance directly controls and profits from BNB, puts it at risk.
Furthermore, it is believed that many of its users view holding BNB as an investment, due to the potential for deflation as a result of its quarterly coin burns.
The bottom line is, there has been no official statement one way or another on the regulatory status of BNB within North America.
Who Made It?
Binance Coin was created by developers at Binance Exchange in 2017.
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Buy digital asset binance
Introducing the Binance Widget
Today we’re announcing the latest addition to the Binance suite of products and services: The Binance Widget. The Binance widget is a feature that any website, platform, or browser can integrate and offer to its users. Once integrated, the widget allows users to buy, sell, deposit, and trade crypto assets seamlessly through Binance – without ever leaving the site.
«The Binance widget… reduces user friction to onboard, trade and interact with the Binance ecosystem.” — Binance CEO Changpeng Zhao (‘CZ’)
The Binance widget is our next offering as part of Binance’s Open Platform initiative , which enables businesses to build with Binance technology and offer unique features to make crypto more accessible to users. In the post below, learn more about becoming a verified Binance Widget partner and how you can earn money from each transaction made on your site via the Binance Widget!
Turn your website into a profitable business with the Binance Widget Program .
Join the Binance Widget Program and monetize your website
Joining the Binance Widget Program is simple and takes only a few minutes. We do our best to review each application within 24 hours, but the applications are coming in fast, so don’t hesitate and apply now to be one of the first to integrate the Binance Widget.
Carefully read the Binance Widget Program deck , including the rebate rules and FAQ.
Register your Binance account if you don’t have one yet and complete the verification.
Complete your application by filling up the signup form and truthfully answer the required questions.
We will contact you upon approval and ,you’ll be able to place the Binance Widget SDK on your website and start earning money.
There are two types of rebates that you can use to generate profit:
Buy Crypto Rebate: Earn a 40% share of the transaction fee from each fiat-to-crypto or crypto-to-crypto transaction made via the Binance Widget no matter of the invitor-invitee relationship.
Crypto-to-Crypto Trading Rebate: Earn 20% to 50% share of the transaction fee on Spot or Futures trading activity from each new user that registers on Binance.com via the Binance Widget.
First crypto exchange-browser integration is live: The Brave Browser
In moving closer to our vision of mainstream cryptocurrency adoption, we are excited to integrate the Binance Widget into the privacy-oriented Brave browser , allowing more than 12 million monthly Brave users to easily buy, sell, and exchange cryptocurrencies on each new tab. Brave users can also view deposit addresses and balances on Binance.com and Binance.US (for US-based users) without ever leaving the browser.
This unique Binance Widget integration into the Brave browser is the first exchange-browser integration of its kind, and creates an exemplary vision for future Binance Widget Program partners. You can find more details about the Brave integration in the official press release .
Turn your website into a profitable business with the Binance Widget Program and let us know what you think on Twitter !
Introducing the Binance Widget
Today we’re announcing the latest addition to the Binance suite of products and services: The Binance Widget. The Binance widget is a feature that any website, platform, or browser can integrate and offer to its users. Once integrated, the widget allows users to buy, sell, deposit, and trade crypto assets seamlessly through Binance – without ever leaving the site.
«The Binance widget… reduces user friction to onboard, trade and interact with the Binance ecosystem.” — Binance CEO Changpeng Zhao (‘CZ’)
The Binance widget is our next offering as part of Binance’s Open Platform initiative , which enables businesses to build with Binance technology and offer unique features to make crypto more accessible to users. In the post below, learn more about becoming a verified Binance Widget partner and how you can earn money from each transaction made on your site via the Binance Widget!
Turn your website into a profitable business with the Binance Widget Program .
Join the Binance Widget Program and monetize your website
Joining the Binance Widget Program is simple and takes only a few minutes. We do our best to review each application within 24 hours, but the applications are coming in fast, so don’t hesitate and apply now to be one of the first to integrate the Binance Widget.
Carefully read the Binance Widget Program deck , including the rebate rules and FAQ.
Register your Binance account if you don’t have one yet and complete the verification.
Complete your application by filling up the signup form and truthfully answer the required questions.
We will contact you upon approval and ,you’ll be able to place the Binance Widget SDK on your website and start earning money.
There are two types of rebates that you can use to generate profit:
Buy Crypto Rebate: Earn a 40% share of the transaction fee from each fiat-to-crypto or crypto-to-crypto transaction made via the Binance Widget no matter of the invitor-invitee relationship.
Crypto-to-Crypto Trading Rebate: Earn 20% to 50% share of the transaction fee on Spot or Futures trading activity from each new user that registers on Binance.com via the Binance Widget.
First crypto exchange-browser integration is live: The Brave Browser
In moving closer to our vision of mainstream cryptocurrency adoption, we are excited to integrate the Binance Widget into the privacy-oriented Brave browser , allowing more than 12 million monthly Brave users to easily buy, sell, and exchange cryptocurrencies on each new tab. Brave users can also view deposit addresses and balances on Binance.com and Binance.US (for US-based users) without ever leaving the browser.
This unique Binance Widget integration into the Brave browser is the first exchange-browser integration of its kind, and creates an exemplary vision for future Binance Widget Program partners. You can find more details about the Brave integration in the official press release .
Turn your website into a profitable business with the Binance Widget Program and let us know what you think on Twitter !
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