Binance is also growing its ecosystem in a way that other blockchains are not. For instance, BNB holders can use Binance coins as collateral to access credit. Binance users can also make secure borderless payments via Binance Pay and can earn passive income through NFT staking.
We explain how to obtain BNB and use Binance Smart Chain even if you can’t access Binance to get BNB. For this guide, we will go from BTC to BNB using KuCoin, BNB to Binance Smart Chain BNB using Trust Wallet, and then from Trust Wallet to MetaMask to trade on PancakeSwap. Given the volatility of cryptocurrencies like BNB, there are some factors to consider before making an investment. Users can contact support agents at any time with their questions. It now allows customers to visit merchants who accept BNB (which it lists on its website for convenience) and donate tokens to charity. Binance also has facilities that allow individuals to transfer BNB around the world quickly.
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In Texas, men (11%) are more than twice as likely as women (5%) to own Bitcoin. Of those who don’t own Bitcoin, men (7%) are also more likely than women (6%) to buy it this year. If these men follow through with their plans, it could mean the gap grows to a difference of seven percentage points by the end of the year.
- Despite Binance’s popularity, Binance Coin is not available on all exchanges.
- Many of these platforms allow you to trade anything you like, with no registration or hassle, connecting directly to your wallet.
- NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor.
- You’ll be redirected to a new page in which you’ll have to enter the amount of money to deposit and the payment method.
- It allows you to trade BNB and other cryptocurrencies on the go anywhere and check the market price anytime.
- With the launch of the Binance Chain in 2019 and the Binance Smart Chain in 2020, the intrinsic value of the Binance Coin changed, leading to an increase in the BNB coin price.
Despite competition from Coinbase and others, it is the biggest by market capitalization. In 2020, it reached more than $2 trillion in total trading volume, while BNB became the third-largest cryptocurrency by https://topbitcoinnews.org/ market cap. Binance Coin is a digital currency issued by the crypto exchange, Binance. Binance is the world’s largest cryptocurrency exchange, and the platform has been moving quickly to grow its own currency.
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Some platforms only offer 1 way to buy BNB, while others provide several choices. The 2 most common ways to buy BNB are on the spot market or with an “instant buy” feature. To create an account with your chosen crypto platform, you only need an email address or mobile number.
- Binance is the best place to buy Binance Coin (BNB) for several reasons.
- We may also receive compensation if you click on certain links posted on our site.
- In case you want to trade BNB, you need to choose the appropriate market, for example, BNB/USD.
- Set an investing budget for yourself and only risk money you don’t need for essential expenses.
In this post, we’ll tell you how to buy BNB and name a few crypto exchange platforms that offer the currency as a trading option. Trust Wallet provides you with an easy way to buy BNB and other cryptocurrencies. Purchase BNB and more altcoins directly within the Trust Wallet app, using a credit card. Buy from as little as $50 worth of cryptocurrencies on Trust Wallet. To buy BNB directly from MetaMask, you’ll have to use the third parties provided.
Buy Binance Coin
Binance Coin (BNB) is a cryptocurrency made by the popular cryptocurrency exchange Binance. What many cryptocurrency investors don’t know is that it’s possible to buy BNB on MetaMask, and interact with decentralized applications on the BNB Chain using the wallet. CEX.IO supports card payments in USD, GBP, EUR, and RUB, but don’t worry if you don’t have a payment card with one of these currencies. You can use the card with your local currency to buy Binance Coin (BNB) using the Instant Buy service or for a deposit.
Store your newly purchased Binance Coin in your preferred wallet There are many custodial and non-custodial wallets to choose from. Purchase Binance Coin in more than 150 countries using the local currency of your bank account. The goal is better protection for consumers from scams, fraud or theft from businesses that deal with cryptocurrency. Another exchange you can’t use in Texas, or any other state, is KuCoin.
How to buy crypto in Texas
However, several centralized exchanges — one of the easier methods to trade crypto — allow you to buy BNB. Although some investors have made a lot of money in cryptocurrency, others have lost significant amounts, since the price of a coin or token can fluctuate suddenly. It is helpful to maintain a balanced investment portfolio that isn’t heavily weighted toward a single asset class, especially a high-risk one like cryptocurrencies. Our partners cannot pay us to guarantee favorable reviews of their products or services. On most platforms, buying BNB is as simple as setting up an account, creating a cryptocurrency wallet, and then buying cryptocurrencies using fiat money. In some jurisdictions, however, you may need to meet KYC requirements, handing over details such as your Social Security number and driving license information.
Decide whether to invest in BNB
Popular options include 1inch, SushiSwap, BakerySwap, and PancakeSwap, though there are others. Many of these platforms allow you to trade anything you like, with no registration or hassle, connecting directly to your wallet. Due to the tremendous volume of trade, the Binance Smart Chain now surpasses Ethereum as the most active platform How to buy bnb in texas in the market. Since BNB is native to the chain, having BNB tokens will certainly enable investors to profit from Binance’s growth. However, other exchanges aren’t too keen to host the native cryptocurrency of the Binance platform. Binance’s competitors, such as Coinbase, Bitfinex, Kraken, and Huobi, do not yet offer BNB trading.
Once your MetaMask wallet is set accordingly, you can explore the dApps on the BNB ecosystem. But you need the BNB first to make purchases and pay for gas fees. Before placing an order to buy or sell BNB, pay attention to the order type. A market order is used when you want to buy or sell an asset for the best available price in the order book.