This ensures that all transactions are recorded and verified to a high level of security. This can be done via software which can be used on mobile devices or your desktop as well as hardware options which can be stored somewhere of your choosing. Platforms such as eToro, BC Bitcoin and Paybis also offer users the opportunity to buy and sell Binance Coin. There are a few things you should consider before making your first investment.

This is particularly relevant since cryptocurrencies can be a highly volatile investment. The long-term prospects of Binance Coin (BNB) look very interesting. With a market cap of only $38 billion, there could be some way to go considering the world’s second-largest cryptocurrency, Ethereum, has a market cap of nearly $200 billion. As Bitcoin has a market cap of more than $800 billion, many holders of the digital currency are using their profits to be up-and-coming cryptos like Binance Coin.

Can I buy Binance Coin with GBP?

Revolut is a financial technology company that offers peer-to-peer payments and currency exchange services to its users. The cryptocurrency exchange provides security for its users by guarding their portfolio through address whitelisting, device management and the ability to restrict user device access. The project has introduced some compelling features and reward programs to surpass 2M users globally by 2023. Currently USA investors can access the app, VISA card and wallet but not the website exchange platform, although they may be accepted in the future. For one, it supports both spot and margin trading – which is fit for veteran traders.

• Since Binance Coin is basically an Ethereum token, many wallets support it.
• In the UK, the safest platforms are those licensed by the FCA, like eToro.
• BNB has proved an invaluable asset to the Binance ecosystem, which has morphed from a simple token exchange platform to a multi-diverse marketplace.
• As mentioned earlier, you will be required to provide an email address and details on your payment card to initiate the transaction.

Binance’s continued dominance of the crypto scene will only see Binance Coin continue to enjoy market demand. More specific details surrounding Binance Coin show why it is so popular among crypto traders and investors alike. Like top digital asset Bitcoin, Binance Coin is deflationary and has a hard-cap limit of 200 million tokens. This has boosted the token value as scarcity generally leads to an increase in value over time. Coinbase is heavily regulated with licenses from US financial regulators and so is safe and secure to use. Coinbase also offers a number of additional products and services, such as a fully-fledged cryptocurrency wallet, known as one of the best ripple wallets available.

Rebel Satoshi, Ethereum, and Binance Coin: Who Has the Most Sustainable Ecosystem?

More details surrounding Binance Coin show why it is so popular among crypto traders and investors. Like the top digital asset Bitcoin, Binance Coin is deflationary and has a hard-cap limit of 200 million tokens. Coinbase is heavily top 10 books on forex trading psychology regulated with licenses from US financial regulators and is safe and secure to use. Coinbase offers several additional products and services, such as a fully-fledged cryptocurrency wallet, one of the best ripple wallets available.

Step 1: Open an Account

On some crypto platforms, you can use other cryptocurrencies such as stablecoins to purchase Binance Coin. Binance, for example, lets users buy BNB with many cryptocurrencies, including BTC and USDT. Meanwhile, if you want to trade BNB on KuCoin, you will need to trade it against USDT, USDC, BTC, or KCS, as KuCoin doesn’t accept fiat deposits. Although many crypto platforms don’t accept Neteller, you can use it to purchase Binance Coin on eToro. Create a market order to purchase BNB now, or a limit order to specify a future price you want to purchase Binance Coin at.

Step 3: Buy Binance Coin (BNB)

You can also post-date your taxes to the next year with this technique. If you are super-busy and don’t have the time to learn how the crypto market works, we recommend identifying a few top-performing virtual currencies and holding them for the long term. Imagine the wealth those who stored their Binance Coin for a long time have made since the bull run. This would require studying an asset’s historical pricing data and creating a successful trading pattern. It also means you need to have enough funds to continue, as the market frequently makes detours.

You’ll get the choice to pay for these fees either with your existing assets or with Binance Coin. Such fees might not initially sound like much, but remember that such fees can change dependent on your monthly trading volume and holdings of Binance Coin. All of which could have a big impact on what kinds of returns you get from your crypto trades. According to Coinbase, 98% of digital currency is stored offline in vaults and safe deposit boxes. EToro is a social trading and investment platform that allows users to buy, sell, and trade cryptocurrencies, including Binance Coin. There are different tax laws in different regions when it comes to investments in cryptocurrencies.

Users can easily exchange between more than 150 different cryptocurrencies with just a few clicks. The exchange also gives customers the option of directly purchasing cryptocurrencies using their debit or credit card. Aside from BNB, OKX provides a variety of advanced trading products such as spot trading, futures, perpetual swaps, and options. Users of these derivatives products can trade with leverage, potentially increasing their earnings. Popular crypto coins such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are available on the platform, as well as lesser-known altcoins and tokenized assets. This can be done instantly with a debit card or via a bank transfer, which can take up to 48 hours.

If you already own another cryptocurrency, such as Bitcoin, you may want to use it to buy Binance Coin directly. However, this is a more complicated and risky way to buy BNB as unregulated platforms may attract scammers. It is, therefore, safer and easier to use a regulated platform, as KYC only usually takes a few minutes, and it is perfectly legal to buy BNB in the UK.