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How to buy BNB (BNB) in Australia.
Learn how to buy BNB (BNB) easily by following a step-by-step guide and compare 10+ crypto exchanges.
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How to buy BNB.
Look for an exchange that supports both fiat and cryptocurrency to simplify buying BNB.
Open an account on an exchange that supports BNB. Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register. Deposit funds into your account. Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy BNB. Buy BNB. Complete your BNB purchase and then find the best wallet to store BNB.
Disclaimer : This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
What's in this guide?
What is BNB?
Binance Coin (BNB) is the token native for Binance and its blockchain-based ventures. The coin can be used to interact with the Binance cryptocurrency exchange as well as the ever-evolving DeFi ecosystem on the Binance Smart Chain network.
On the kiasi cha 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 periodically "burnt", which means they are permanently removed from circulation, which in turn decreases the supply and theoretically increases the value. Binance will continue to burn coins until the supply is reduced from 200 million to 100 million.
BNB is also used on the exchange to participate in launchpad events, which are similar to Initial Coin Offerings (ICO).
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).
BNB (BNB) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $73,451,172,615. The current price of BNB is $437.24, which is 1.966% higher than yesterday. Prices have ranged between $440.43 and $427.53 over the past 24 hours. All prices are listed in US dollars and accurate as of April 08, 2022 05:04 UTC.
Where to buy BNB.
Find an exchange to buy, sell and trade BNB by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
BNB at a glance.
Coin symbol BNB Coin Marketcap US$73,451,172,615 Total BNB supply 168,137,036 Circulating BNB 168,137,036 Current price US$437.24 All time high US$686.31 Notable team members Changpeng Zhao Partnerships S.S. Lazio, Chiliz, význam binance x5 Brave, Trust Wallet Industry Decentralised finance Token uses Transaction fees, staking, payments Network Binance Smart Chain.
BNB price performance over time.
Historical prices compared with the price of US$437.24.
1 hour 0.23% 24 hours 1.97% 7 days 1.98% 14 days 5.74%
30 days 14.54% 60 days 4.17% 200 days 6.68% 1 year 15.98%
How to sell BNB.
You can cash out your BNB with the same exchange you bought it through:
Sign in to the exchange you have BNB on. If you store your BNB in a digital wallet, compare crypto exchanges to sell it on. Place a sell order. Choose the amount of BNB you'd like to sell. Complete your transaction. Confirm the sell price and fees and close your sale of BNB.
What to consider when buying BNB.
When deciding whether or not to invest in BNB, here are a few things worth considering.
Utility: If you’re a frequent user of the Binance exchange then you may want to pick up some BNB, regardless of its price movement. Holding BNB on the exchange allows you to get discounts on your trading fees, recenze binance bitcoinů as well as participate in Launchpad events. You can 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 numera o tagata faʻaoga 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. A huge range of services are available, including earning protocols, decentralised exchanges and blockchain-based games. 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.
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Disclaimer : Cryptocurrencies, including BNB, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BNB 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 BNB or any other cryptocurrency discussed.
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