Binance coin (BNB) has greatly appreciated in value since its creation by Binance in 2017.
It has become the native token of the Binance blockchain and globally valuable crypto by market capitalization.
Let’s discuss Binance coin BNB before we learn how to buy the token.
What You Need To Know About Binance Coin BNB
Binance created its token, Binance Coin BNB, after conducting an ICO in order to raise funds for its crypto exchange. The token (BNB) issued as part of the ICO was priced at $0.1 per 1 BNB.
Binance’s meteoric growth since its ICO has made BNB’s price appreciate greatly. This also made Binance ICO to be considered one of the more successful ICO’s around.
BNB is basically an ERC-20 token (i.e. a token on the Ethereum network) that is supported by several wallets.
Binance coin BNB
What Is Binance Coin BNB Used For?
BNB is a utility token for discounted trading fees. It is accepted as payment on Binance for trading fees. By using the token, you get a discount on the fees themselves.
BNB is also used to spend on goods and services in a growing number of establishments today.
How To Buy Binance Coin BNB?
You’ll need to get a Binance coin wallet which could be hardware, software or web wallet. Once you have your wallet, you’ll need to locate your Binance coin address. You can buy your Binance con through the means listed below;
Buy BNB with Bank Transfer
Read Also: 5 Ways To Earn Crypto On Binance Without Trading
These are the ways in which you can buy Binance Coin BNB. Prestmit, the number one gifts exchange platform in Nigeria is there for you in case you need help regarding how to buy BNB.
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