The post Where and How To Buy Binance Coin (BNB)? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Founded in 2017, Binance is the world’s largest cryptocurrency exchange. The company runs its own blockchain and has issued its own cryptocurrency, the Binance Coin (BNB).
BNB was launched as a utility token for paying trading fees. Over the years, Binance’s partners have found additional uses for it, including travel bookings, entertainment, online services, and financial services. It is used for paying transaction fees on Binance trades, at the Binance DEX, and on the Binance Chain.
Binance has also recruited a number of retailers to accept BNB coins as payment.
Binance BNB consistently ranks in the top five cryptocurrencies measured in terms of market capitalization.
All of this has made BNB attractive to investors.
Here’s a quick overview and a few tips on where and how to buy Binance Coin (BNB).
Where to buy Binance Coin (BNB)?
Most people buy BNB at the Binance exchange, but it is widely available at websites and crypto platforms across the internet. This wide variety of platforms makes choosing a site one of the most difficult tasks when you are figuring out how to buy Binance Coin.
Most exchanges, including the decentralized exchanges, or DEXs, that have gained so much attention in the crypt community lately, cater to the same small audience of experienced crypto experts who are comfortable selecting a hardware or software wallet, securing hexadecimal cryptographic keys, and interacting with the blockchain directly.
These days, people from outside the traditional crypto world are buying BNB and other cryptocurrencies for the first time. The expert-only platforms don’t provide the security measures, newbie assistance, or easy-to-use tools that would help such users succeed. Existing sites are largely geared toward the needs of computer-science grads and blockchain experts. They’re great solutions if you’re a digital insider.
If you don’t dream in fluent hexadecimal, then 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, you’d be better off creating an account at a friendly crypto platform like Kriptomat.
Kriptomat is easy to use. It provides the current trading Binance Coin price and a chance to buy the cryptocurrency you want. If you are new to the blockchain world and you would like to buy BNB coins, Kriptomat is a great choice.
Creating an account is a bit more complicated than defining your user name and password. One way you know that you are working with a reputable crypto exchange is that it 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) regulations are required by every business that complies with the anti-money laundering provisions of the EU’s GDPR.
Identity verification can take hours, days, or longer at some sites. At Kriptomat, the simple KYC procedures can be completed in minutes.
How to buy Binance Coins?
Once you’ve created and verified your account, you’re ready to focus on the next steps in how to buy BNB.
The fastest and easiest way to buy Binance Coin (BNB) is to use a Visa or Mastercard. Select Buy from the menu and follow the prompts – you can purchase BNB in seconds and add it to your Kriptomat wallet.
If you prefer, you can transfer your investing fund to Kriptomat via bank transfer or with a cash-transfer service like Skrill or Neteller. Kriptomat accepts deposits in more than a dozen of the most widely used European fiat currencies. Once your deposit shows up in your account, you can follow the menus and make a purchase.
That’s all you need to know. You are now an expert at the fine art of how to buy BNB.
The most important decision you make is choosing where to buy Binance Coin. As you evaluate crypto platforms, be sure to take licensing and regulation, security certification, investment tools, ease of use, and customer support into account.
You don’t get any physical Binance coins when you buy BNB online. The coins you purchase are transferred to your electronic address on the blockchain. Kriptomat handles all the details of public key encryption to ensure that your crypto is transferred promptly and remains secure.
Founded in 2018, Kriptomat revolutionized the cryptocurrency world with the introduction of the simplest platform in Europe. Kriptomat makes digital finance so simple that everybody everywhere can access the freedom, fairness, and fulfillment that crypto represents. Hundreds of thousands of customers across Europe and in 120 countries worldwide trust Kriptomat when they buy, sell, swap, earn, share, and invest in crypto.
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