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Buy Binance Chain Native Token

How to Buy Binance Chain Native Token (BNB)

Price of Binance Chain Native Token (24h)$229.09price-24h-img1.29%Log In to Buy Binance Chain Native Token(BNB)BtnArrowRight
Interested in buying Binance Chain Native Token (BNB) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Binance Chain Native Token (BNB) instantly wherever you are! Check out all the ways you can buy BNB on KuCoin.

Buy Binance Chain Native Token (BNB) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Binance Chain Native Token (BNB)

Use a variety of payment options to buy Binance Chain Native Token on KuCoin. We'll show you how.

Choose How You Want to Buy Binance Chain Native Token on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Binance Chain Native Token (BNB).
1

Buy Binance Chain Native Token (BNB) with a Credit or Debit Card

This is the easiest way for new users to purchase (BNB). Link your credit or debit card to your account, enter the purchase amount, then wait for the transaction to be completed.
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How to Buy Crypto With Credit Debit Card Web

2

Buy Binance Chain Native Token (BNB) via Bank Transfer

Depending on the region you are in, bank transfers are also a safe and convenient way to buy Binance Chain Native Token. You can purchase BNB once the funds arrive in your account.
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3

Buy Binance Chain Native Token (BNB) Using Third-Party Channels

KuCoin supports a variety of leading third-party payment processors. Visit our third-party payment page to view available methods in your region.
4

Buy Binance Chain Native Token (BNB) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Binance Chain Native Token (BNB). Here's how to buy:
1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.
2. Transfer your crypto to a KuCoin Trading Account. Find your desired Binance Chain Native Token (BNB) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Binance Chain Native Token (BNB).
RemarkImgTip: KuCoin offers a variety of order types to buy Binance Chain Native Token (BNB) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.
3. As soon as your order is successfully executed, you will be able to see your available Binance Chain Native Token (BNB) in your Trading Account.
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Get Your First Binance Chain Native Token (BNB) with KuCoin

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How to Store Binance Chain Native Token (BNB)

The best way to store Binance Chain Native Token (BNB) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Binance Chain Native Token (BNB).

Store Binance Chain Native Token in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Binance Chain Native Token in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Binance Chain Native Token (BNB) to a non-custodial wallet. Storing Binance Chain Native Token (BNB) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Binance Chain Native Token (BNB) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Binance Chain Native Token (BNB).

What Can You Do with Binance Chain Native Token (BNB) on KuCoin?

Hold

Store your Binance Chain Native Token (BNB) in your KuCoin account.

Trade

Trade Binance Chain Native Token (BNB) in the spot and futures markets.

Earn

Earn passive income by staking or lending Binance Chain Native Token (BNB).

Why Is KuCoin the Best Platform to Buy Binance Chain Native Token (BNB)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Binance Chain Native Token and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Binance Chain Native Token (BNB) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain BNB in an instant when you buy on KuCoin.

FAQ

Is Binance Coin (BNB) a Good Investment?

Here’s why you could consider investing in BNB token:

BNB’s Integral Role in the Binance Ecosystem

As the native token of Binance, the world's largest cryptocurrency exchange, BNB holds a crucial role within the Binance ecosystem. It offers various use cases, such as paying for trading fees, investing in new projects, and facilitating faster and low-cost transfers within the BNB Chain.

Enjoy Discounts and Benefits on Binance

Binance Coin holders enjoy benefits and discounts on the Binance exchange. These include discounts on trading fees for spot/margin trading and futures trading, which can be attractive for frequent traders seeking cost efficiency.

What Is BNB Coin Price Prediction?

Although it is impossible to provide a reliable BNB price prediction for any timeframe, you could follow these factors to understand the price action in this cryptocurrency better:

Level of Adoption of Binance Ecosystem

BNB's value is closely tied to its adoption and use cases within the Binance ecosystem. As the native token of the Binance exchange, its demand is influenced by the number of users and the extent of its utilization for paying trading fees, staking, investing in new projects, and other activities within the Binance ecosystem.

Future Developments in BNB Chain

Upgrades and advancements in the underlying technology of the BNB Chain can influence the token's utility and attract more users and developers to the ecosystem, potentially positively affecting the BNB to USD price.

BNB Tokenomics

BNB's tokenomics, including its total supply, token-burning mechanism, and staking rewards, can play a role in determining the Binance Coin price dynamics. Token burning, which reduces the token's circulating supply over time, may contribute to scarcity and drive the BNB price.

Crypto Market Sentiment

Positive news, developments, and partnerships related to BNB or the Binance exchange can increase buying activity and drive the price of BNB token upward. Conversely, negative news or regulatory concerns can trigger selling pressure and cause the BNB Coin price to decline.

How to Use BNB Token

Binance Coin (BNB) is a versatile cryptocurrency that serves various purposes beyond being a utility token on the Binance cryptocurrency exchange, including:

Get Discounts on Trading Fees on Binance

BNB offers users the advantage of reduced transaction fees when used to pay for crypto trading on the Binance exchange. This cost-effective method makes it appealing to traders seeking to maximize their profits. To explore this feature further, users can follow official Binance accounts on the Binance app and receive updates on the latest crypto news, including fee discounts regularly shared through Binance Feed.

Payment Method for Online Purchases of Goods and Services

Beyond its role in crypto trading, BNB is a convenient payment option for online purchases across various businesses. Users can buy goods, book hotels, and airfare, shop for games, and pay for financial services using BNB through gateways and partner platforms.

Pay Transaction Fees in Binance Chain and BNB Chain

As Binance's native token, BNB plays a pivotal role in Binance Chain (BC) and BNB Chain. Users can use BNB to pay transaction fees on both blockchains, enabling efficient and seamless operations within the Binance ecosystem.

Trade BNB Crypto

Trade BNB token against fiat currencies, other cryptocurrencies, and stablecoins, making it a valuable asset for traders looking to generate profits and diversify their crypto portfolios. Before engaging in trades, users should perform careful analysis and stay updated on BNB's price, market cap, and trading volume.

Earn Passive Income with BNB on KuCoin

BNB holders can generate passive income by staking or lending their tokens on DeFi and other lending platforms. For instance, users can lend their BNB on KuCoin for specific periods to earn attractive returns.

How to Earn Passive Income with BNB Tokens

While it is impossible to mine BNB, you can earn BNB through staking. Binance offers a feature called BNB Vault, which combines rewards from Simple Earn and Launchpool, providing competitive returns to participants.

To become a staker, users need to hold BNB and participate as delegators. This process involves staking BNB in a wallet to support the network's operations and secure the blockchain. In return for their contribution, stakers receive rewards, creating a win-win situation.

Staking BNB is straightforward. Depending on the exchange or platform used, holders must stake a minimum amount of BNB in their wallets. Once staked, BNB is locked in the wallet, and users receive rewards based on their contributions. You must unstake your staked BNB when you want to trade it.

Stake BNB on KuCoin Earn

Stake BNB conveniently on KuCoin via our KuCoin Earn product to earn attractive APRs on flexible or fixed-duration periods. Visit this section of our platform to review all available ways to earn stable profits with KuCoin’s professional asset management services.

Lend Liquidity in BNB

Lend liquidity in Binance Coin on KuCoin Crypto Lending to earn passive income risk-free and conveniently. Visit this section to check out the latest lending APYs, and subscribe by selecting the timeframe you would like to lend liquidity in BNB on KuCoin.

Why Does Binance Burn BNB Tokens?

Binance Coin (BNB), the native cryptocurrency of the Binance ecosystem, employs an innovative Auto-Burn mechanism to reduce its total supply over time. BNB adopts two coin-burning mechanisms:

BEP-95 Burning Mechanism

The first burn mechanism involves real-time burning based on a portion of the gas fees spent on the BSC. This mechanism started burning around 860 BNB daily after the BNB Smart Chain upgrade in 2021.

Binance’s Quarterly Auto-Burn

In the second mechanism, Binance buys back a specific amount of BNB from the open market and destroys it. BNB's Auto-Burn system creates a deflationary effect by reducing the circulating supply of BNB. The mechanism automatically adjusts the amount of BNB to be burned based on two critical factors: the BNB price and the number of blocks generated on the BNB Chain during a quarter.

The BNB Auto-Burn mechanism aligns with Binance's commitment to community engagement and feedback-driven evolution. It enhances transparency and predictability, benefiting BNB holders and contributors.

Binance Chain Native Token (BNB) Price Analysis

Live Price

The live price of BNB is 229.7 USD, representing a decrease of -3.3% in the past 7 days and 1.29% increase in the past 24 hours.

Historical Trends

The all-time high of BNB was -- USD on Invalid date, from which the coin is now down .
The all-time low of BNB was -- USD, from which the coin is now up .
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Get Your First Binance Chain Native Token (BNB) with KuCoin

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Disclaimer

Given the nature of the crypto market, the price of Binance Chain Native Token (BNB) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.
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