How to Buy Binance Chain Native Token (BNB)

Price of Binance Chain Native Token (24h)$334.62653151

-1.17%Buy Binance Chain Native Token (BNB)

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).

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.

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.

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.

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).

Tip: 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.

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

How to Use BNB

The Binance Coin has several uses, some of which are listed below:

➢ Get Discounts on Trading Fees on Binance

Pay fees on Binance exchange using BNB to get discounts, making it a cost effective way to transact for crypto trading on the exchange.

➢ Payment Method For Online Purchases of Goods and Services

You can use BNB to pay for buying goods and services online across several businesses that support it as a payment option. You can use BNB as a payment method via gateways, book hotels and airfare online, shop for games and pay for financial services.

➢ Pay Transaction Fees in Binance Chain and Binance Smart Chain

BNB serves as the native token within both BC and BSC blockchains. You can pay for transactions on these networks with the help of Binance Coins.

➢ Trade BNB Crypto

Trade the BNB cryptocurrency against fiat currencies, other cryptocurrencies and stablecoins to generate profits and grow your crypto portfolio. Ensure that you review the BNB price, market cap, trading volume and price action and perform careful analysis before placing trades in Binance Coin.

➢ Earn Passive Income With BNB

You can stake BNB or lend them on DeFi apps and other platforms to generate interest on your holdings in Binance Coin. You can use KuCoin’s crypto lending option to add liquidity in the platform using your BNB tokens over a period of 7 days, 14 days or 28 days to earn attractive APRs.

How Long Does it Take to Mine 1 Binance Coin?

It is not possible to mine Binance Coin (BNB) since all the tokens have already been pre-mined at the time of launch. In addition, BNB employs a deflationary mechanism of using token burn to reduce the circulating supply of the crypto, sending the Binance Coin price and market cap upwards.

You can, however, earn BNB via staking. Check out the next section to learn more about how to stake Binance Coin.

How to Stake BNB Coin

You can stake BNB in multiple ways - directly on Binance, via crypto wallets, DeFi apps and more. You can also earn attractive interest on your BNB holdings on KuCoin via our Crypto Lending feature.

Head to the Lend BNB page and enter the amount of BNB you wish to lend. Select the number of days you wish to lend your BNB coins for - choose from 7 days, 14 days and 8 days.

Review the daily interest rate on offer. This number changes dynamically based on demand and trading volume on the KuCoin platform. You will get to see an estimated profit after entering all details.

Why Does Binance Burn BNB?

Binance has employed an Auto-Burn system to bring down the total supply of BNB from 200 million at the time of launch to 100 million. This mechanism automatically adjusts the number of BNB tokens to be burned at each cycle based on the BNB price and the number of blocks generated on BSC over a period of three months.

The process of burning or destroying tokens creates a deflationary effect in the market, reducing the circulating supply of Binance Coin and driving the BNB price and market cap higher, as a result. This in turn helps support the BNB value in the market.

In addition to the Auto-Burn, there is also a real-time burning mechanism in place. This depends on the gas fees on the Binance Smart Chain. BSC validators decide on the ratio of BNB collected as gas fees which get burned when each new block is added to the blockchain.

Binance Chain Native Token (BNB) Price Analysis

Live Price

The live price of BNB is 334.98 USD, representing an increase of 9.29% in the past 7 days and -1.17% decrease 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 .

ATL --

ATH --

How to Buy Other Crypto Assets

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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.