Last update: Jun 6, 2022

How to Buy BNB (BNB)

So you’re looking for a guide on how to buy BNB. Depending on your country, you’ll have different trading platforms to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy BNB – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have BNB of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger trading platforms.

4. Buy BNB

Now that you have what you need to buy BNB, head over to the market or buy section of the crypto trading platform and buy some BNB.

If the crypto exchange doesn’t have any BNB on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has BNB first), and trade your Ethereum for BNB.

Where to Buy BNB (BNB)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell BNB

1. Sign into the exchange where you bought BNB.
2. Move your BNB to the right place on the exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell BNB.

 

How to Buy BNB (BNB) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy BNB in Australia, the process remains the same:

1. Find a cryptocurrency trading platform below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy BNB if it’s available. If the exchange doesn’t have BNB. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has BNB), and trade your ETH for BNB.

Also, check out our comparison of the best platforms to buy cryptocurrency in Australia for those interested in learning more about the exchanges we like.

How to Buy BNB (BNB) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy BNB in Canada, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy BNB if it’s available. If the exchange doesn’t have BNB. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has BNB), and trade your ETH for BNB.

If you’d like to know more about the exchanges we recommend, look at our list of the crypto brokers in Canada.

How to Buy BNB (BNB) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy BNB in the UK, the process remains the same:

1. Find a crypto trading platform below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy BNB if it’s available. If the exchange doesn’t have BNB. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has BNB), and trade your ETH for BNB.

It’s also possible to take a look at our analysis of the UK bitcoin exchanges if you’re curious to know more about the exchanges we would recommend.

Considering buying BNB? BNB Rundown

Binance was launched in July 2017 and is the largest cryptocurrency exchange worldwide based on daily trading volumes. Binance is a global cryptocurrency exchange that aims to make cryptocurrency exchanges more prominent in financial activity. Binance is a new paradigm in global finance. Its name stands for Binary Finance or Binance.

Binance is the world's largest cryptocurrency exchange. However, it also offers a wide range of functions for its users. Binance's network comprises the Binance Chain and Binance Smart Chains, Binance Academy and Trust Wallet, as well as Research projects. All of these use blockchain technology to bring innovative finance to the world. Many of the Binance subprojects are successful because of BNB.

Binance is an ecosystem of blockchain-based, decentralized networks. The company is now the most popular crypto exchange in many countries. Their side organizations also attract significant interest.

Binance's drive to develop is one of its greatest competitive advantages. Binance was founded in 2017 as a crypto-exchange. However, the company has since expanded its services to many other spheres. The company website states that its mission is to be the infrastructure service provider for the entire Blockchain ecosystem.

The exchange has seen increased investor interest since the launch of the BNB. BNB saw a significant price rise at the start of 2021 which put it on the radar of enterprise investors.

BEP-95 has upgraded already deflationary tokenomics, making BNB even deflationary. The proposal has resulted in gas fees for Binance Smart Chain becoming even lower as the network uses a portion of the fees to further decentralize. This proposal was inspired by Ethereum's EIP-1559.

Binance has been able to overcome numerous exploits on protocols on BSC such as the $200M Pancake Bunny exploit and hacks of Cream Finance. Despite these hacks users continue to use Binance because of its low fees, and the wealth of lucrative meme coins it has.

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