Buy Binance Coin BNB

Purchasing Binance Coin (BNB) and other cryptocurrencies is simple and straightforward online. You can buy and sell Binance Coin on various platforms, including crypto brokers and exchanges.

Investing in Binance Coin (BNB) and other cryptocurrencies can be done in a few easy steps. Follow this guide to get started with crypto trading on platforms like Bitpanda and build your digital asset portfolio.

1. Choose the right platform to invest

• Start by selecting a suitable trading platform that supports Binance Coin (BNB)

• Consider features such as security, data protection, and user-friendliness

• With the Bitpanda app from the Play Store or App Store, you can invest securely and conveniently on your mobile device

2. Create an account and get started

• Register with an email address and create a strong password

• Provide necessary personal details

• Accept the terms and conditions and privacy policy

• Begin the verification process

3. Confirm your identity

• Verify your identity to start trading Binance Coin (BNB)

• Complete the online verification with a stable internet connection and a valid ID document

4. Deposit funds into your account

• Use the Bitpanda website or mobile app to deposit fiat money or other tradable assets into your account

• You can deposit via bank transfer, credit card, PayPal or Apple Pay

• There are also options to use EPS and SOFORT transfers, giropay, SEPA direct debits and other online payment services such as Skrill and NETELLER

5. Buy Binance Coin and invest in cryptocurrencies

• Once the funds are in your account, you can buy Binance Coin and other cryptocurrencies

• Simply select Binance Coin (BNB) for purchase, choose a payment method, and confirm the transaction

If you are interested in investing in cryptocurrencies like Binance Coin (BNB), Bitpanda offers a user-friendly and secure platform to get started.

Intuitive platform

Our platform features a user-friendly interface that makes buying Binance Coin (BNB) simple for both beginners and experienced traders. With the Bitpanda app, you can conveniently trade cryptocurrencies and other assets on your smartphone.

Licenced and trustworthy

Bitpanda operates under strict regulatory guidelines and holds all necessary licenses for crypto brokers. Our business practices and holdings are regularly validated by external auditors. This ensures high security and transparency for every transaction.

Wide range of assets

At Bitpanda, you can invest in more than just cryptocurrencies. We offer over 3,000 different assets, including ETFs, CFDs, stocks, indices, and precious metals. Unlike other crypto exchanges, we guarantee stable prices based on the current market value.

Bitpanda wallet

Your Binance Coin (BNB) and other cryptocurrencies are securely stored in the wallet of your Bitpanda account. You can transfer your digital assets to an external wallet at any time.

24/7 customer support

If you have any questions or encounter issues while trading Binance Coin (BNB) or other assets, our customer support team is available 24/7 to assist.

Beginner-friendly products

Bitpanda offers products designed to help you start your crypto investment journey easily. With the Bitpanda crypto indices, you can invest in a diversified portfolio of leading cryptocurrencies. The Bitpanda Savings plans allow for regular investments to build long-term wealth.

Forecasts predict a continuous increase in the Binance Coin (BNB) price due to the growing acceptance and use of cryptocurrencies. Those who invest early could benefit from long-term price appreciation.

The value of Binance Coin (BNB) can be affected by various factors, such as regulatory changes and global economic events. Therefore, it is essential to thoroughly research before investing. The following sections give an overview of the key events and factors impacting its price.

The past price trends of Binance Coin (BNB) do not indicate future performance.

Key information about Binance Coin:

• Binance Coin (BNB) was launched on the Ethereum blockchain in 2017 before migrating to Binance Chain in 2019

• BNB was initially designed as a utility token for paying trading fees on the Binance Exchange

• BNB holders can participate in Launchpad events and pay for various services with BNB

• Many exchanges and service providers accept Binance coin

• The highest recorded price for BNB was $686.31 in May 2021

Launched in June 2017, Binance Coin (BNB) is the native token of the Binance Exchange. Users can pay transaction fees with BNB and trade the token on other exchanges.

Binance Coin has a total supply limit of 200 million tokens. Every three months, Binance burns BNB tokens based on the trading volume of the quarter, reducing the supply. Binance operates a dual-chain system supporting new token issuance and smart contracts for existing decentralised apps.

How many BNB tokens are there?

During the Initial Coin Offering (ICO) in 2017, 200 million BNB tokens were issued. Binance gradually burns tokens quarterly until only 100 million remain, aiming to increase the token's price by reducing supply.

The original public token distribution was 50%, with 40% for the team and advisors and 10% for company development. The ICO raised $15 million and was used to develop the Binance exchange further.

What's special about Binance Coin (BNB)?

Binance Coin offers security, fast transactions, low costs, and ease of use for payments, with BNB holders benefiting from a 50% discount on trading fees. The cryptocurrency is also a speculative investment as its price has risen significantly since the ICO. Regular burning events by Binance reduce the supply and can positively affect the BNB price.

Key points to know about Binance Coin:

• Controlled by tech entrepreneur Changpeng Zhao (CZ)

• Binance's Chief Technology Officer, Roger Wang, has significant fintech experience

• BNB plays a central role in the governance of Binance's blockchains and is essential for trading on the platform

• BNB is among the top four cryptocurrencies by trading volume, following Bitcoin, Ethereum, and Tether

• The migration from Ethereum to Binance Chain in 2019 was a key event

If you want to diversify your investments, consider Bitpanda’s Crypto Indices, which allow you to invest in BNB and other cryptocurrencies.

Since its launch in 2017 at approximately $0.1 per token, Binance Coin has seen significant price increases. The introduction of new features and services has promoted its success. 

Major price milestones include:

• 2017: Launched at $0.1 per BNB

• 2018: Peaked at around $22 per BNB, then fell below $5

• 2019-2020: Fell below $10 per BNB after peaking at $38 during the pandemic

• July 2020: Rose to an all-time high of $686.31 per BNB

• 2022: Did not fall below $200 despite the crypto crisis

• May 2022: Ranked among the top four cryptocurrencies by market capitalisation

The development of the BNB price

BNB's price has fluctuated similarly to other cryptocurrencies. Binance's market cap has grown significantly, occasionally exceeding $100 billion. Following the ICO, BNB's price surged, peaking at over $600 per token.

Crypto industry beginnings

The Binance ICO in July 2017 had an issue price of $0.1 per BNB. After launching the Binance exchange, demand for BNB increased, raising the price above one dollar and providing early investors with over 1,000% returns within four months.

The bull market and BNB price

During the crypto boom in January 2018, Binance gained many new customers and drove BNB's price to over $22. However, by December 2018, BNB's price dropped by over 75% due to the crypto market decline.

BNB during the pandemic

In March 2020, BNB's price fell below $9 due to COVID-19 fears. However, it recovered to over $30 by October 2020. Despite regulatory concerns in the US, BNB's price remained stable. In February 2021, BNB surged past $100, reaching an all-time high of $686.31 in May 2021. After a significant drop, BNB's price recovered to over $600 by November 2021.

Current price forecast of BNB

Entering the bear market in 2022, BNB experienced significant price losses. Despite a rocky start in 2023 due to the FTX scandal and liquidity concerns, Binance Coin remains one of the top-performing cryptocurrencies.

The price of BNB is influenced by multiple factors; regulatory developments, the introduction of new features and services, supply and demand on exchanges, acceptance by merchants and institutions, investor confidence in Binance and overall interest in cryptocurrencies. The limited supply of BNB tokens helps stabilise its price, with regular token burns reducing the supply.