{"id":26113,"date":"2022-08-16T08:20:32","date_gmt":"2022-08-16T08:20:32","guid":{"rendered":"http:\/\/egrowonline.com\/?p=26113"},"modified":"2022-08-16T08:20:32","modified_gmt":"2022-08-16T08:20:32","slug":"buying-bnb-coin-what-you-need-to-know","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=26113","title":{"rendered":"Buying BNB Coin: What You Need to Know"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<aside class=\"mashsb-container mashsb-main mashsb-stretched\">\n                <\/aside>\n<p>            <!-- Share buttons by mashshare.net - Version: 3.8.1--><\/p>\n<p><span style=\"font-weight: 400\">The world of cryptocurrency can be confusing for new investors, especially those who are just starting out. There are a variety of currencies and exchanges, as well as tokens and other unique investments that all have their own special risks and rewards. One of the most popular coins to invest in right now is the Binance coin, also known as BNB. With this article, you\u2019ll learn everything you need to know about buying BNB coins so you can make an informed decision before investing your money.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">What is Binance Coin?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Binance Coin (BNB) is a digital coin that was created by Binance, one of the world\u2019s largest cryptocurrency exchanges. The company launched the coin during its ICO (Initial Coin Offering) back in July 2017, with the token sale raising a total of $19 million. The goal of this coin is to incentivize and reward the exchange\u2019s token holders. Generally, its value increases as the Binance exchange becomes more popular. There are two ways you can use BNB:\u00a0<\/span><\/p>\n<p><!-- Either there are no banners, they are disabled or none qualified for this location! --><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">First, you can use it to pay lower fees when trading on Binance.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Second, you can use it to buy discounted fees on other cryptocurrency exchanges that use BNB as a trading pair.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center\"><a target=\"_blank\" href=\"https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/BNB.png\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-117813\" src=\"https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/BNB.png\" alt=\"\" width=\"512\" height=\"342\" srcset=\"https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/BNB.png 512w, https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/BNB-300x200.png 300w, https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/BNB-350x234.png 350w, https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/BNB-254x170.png 254w, https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/BNB-125x83.png 125w\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400\">How to Buy BNB?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Before you start, make sure you have a Binance account. You can open one for free. Once you\u2019re in your account, you can buy this coin by clicking \u201cExchange\u201d and selecting the \u201cBasic\u201d tab. Choose the right trading pair for you and then select \u201cBuy BNB\u201d to place your order. You can then enter the amount of BNB coin you want to buy and click \u201cBuy.\u201d The order will be placed, and you\u2019ll see a confirmation message letting you know that you\u2019ve successfully purchased the BNB coin.You can also <\/span><a target=\"_blank\" href=\"https:\/\/changelly.com\/buy\/bnb\" rel=\"noopener\"><span style=\"font-weight: 400\">buy BNB on Changelly<\/span><\/a><span style=\"font-weight: 400\"> or any other platform due to its popularity.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Where to Store Binance Coin?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">You can store your BNB on Binance\u2019s exchange, but that\u2019s not the most secure or reliable place. Instead, you can store your coins in a wallet on your computer, or even better \u2014 in a hardware wallet. Here are some of the most popular Binance coin wallets you can use to store your coins:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Binance App: it is the only official Binance wallet, and it\u2019s available for both Android and iOS devices;\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Trust Wallet: it is an open-source wallet that lets you store dozens of different coins;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Ledger Nano S: it is one of the most popular hardware wallets in the world;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Trezor: another popular hardware wallet that will let you store your Binance coin in offline cold storage.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Binance Coin is an ERC-20 token, which means that it\u2019s built on the Ethereum blockchain and uses the Ethereum network. There are various wallets that you can use to store your BNB, but the most popular option is to use a hardware wallet.<\/span><\/p>\n<p style=\"text-align: center\"><a target=\"_blank\" href=\"https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/Binance.png\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-117814\" src=\"https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/Binance.png\" alt=\"\" width=\"512\" height=\"366\" srcset=\"https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/Binance.png 512w, https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/Binance-300x214.png 300w, https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/Binance-350x250.png 350w, https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/Binance-254x182.png 254w, https:\/\/programminginsider.com\/wp-content\/uploads\/2022\/08\/Binance-125x89.png 125w\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400\">Pros of Owning BNB<\/span><\/h2>\n<p><span style=\"font-weight: 400\">There are several reasons why you might want to buy a Binance coin, including:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">It is one of the most popular cryptocurrency exchanges in the world, so the demand for BNB will continue to increase as the exchange grows. This will cause BNB\u2019s value to rise as well, making it an attractive investment.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">It is a token that pays dividends, so as the exchange grows, and more people buy BNB, you\u2019ll receive more Binance coins that you can then exchange for actual money. This can be a great way to make extra money from your investment.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Binance Coin holders earn a 50% discounted trading fee. At the time of this writing, this means you can get a half-off trading fee, which is a huge deal for serious traders.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">Why You Should Buy Binance Coin<\/span><\/h2>\n<p><span style=\"font-weight: 400\">If you\u2019re looking to get started in cryptocurrency investing, buying a BNB is a great place to start. It\u2019s easily one of the best investments you can make in the world of cryptocurrency, and it\u2019s also much easier to understand than some other investments out there. Once you own a Binance coin, you\u2019ll get free or discounted trading fees, and you\u2019ll earn money as the value of the BNB coin rises.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">The Bottom Line<\/span><\/h2>\n<p><span style=\"font-weight: 400\">If you\u2019re looking for an easy and cheap way to get started investing in the cryptocurrency world, then Binance Coin is a great option. Binance Coin is one of the easiest tokens to invest in and also happens to be one of the cheapest. It\u2019s easy to understand, and it\u2019s highly likely to provide you with a good return on your investment in the long run. Not only does it provide discounted trading fees, but the value of the BNB coin will also rise over time. If you decide to buy a Binance coin, make sure to store it securely to ensure that your coins are safe. <\/span><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/programminginsider.com\/buying-bnb-coin-what-you-need-to-know\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world of cryptocurrency can be confusing for new investors, especially those who are just starting out. There are a variety of currencies and exchanges, as well as tokens and other unique investments that all have their own special risks and rewards. One of the most popular coins to invest in right now is the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[39],"tags":[564,1140,268],"class_list":["post-26113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ico","tag-bnb","tag-buying","tag-coin"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/Binance.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/26113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26113"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/26113\/revisions"}],"predecessor-version":[{"id":26115,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/26113\/revisions\/26115"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/26114"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26113"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}