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Questions you might have

What is Binance Coin?

Binance Coin is the cryptocurrency of the Binance exchange. It can be used for trading and paying Binance trading fees.

What is the difference between Binance Coin and BNB?

BNB ist the ticker symbol under which Binance Coin is listed, just like AAPL is the ticker for Apple stock.

What is a cryptocurrency exchange?

A cryptocurrency exchange is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.

What’s are the benefits of Binance Coin?

If you’re trading on the Binance platform, then you’ll get a discount on your transaction fees when using BNB.

When is a good time to buy Binance Coin?

It’s impossible to say with certainty whether a cryptocurrency will gain or decrease in value over time. If you buy, you’re taking a risk; if you sell, you’re taking a risk. What you can do is avoid impulsive decision-making by setting up a price alert, that way, when the price dips below or above a given threshold you can take action. This approach saves you from the hassle of having to check the price obsessively!

How do I buy Binance Coin?

Obviously, you can invest in Binance Coin using the Binance exchange. Though Binance isn’t the only exchange offering the coin, it’s the one where you get lowered transaction fees on it. If you’re looking for a crypto exchange that you can trust with your money, then it is worth assessing the various options available using Cryptoradar. Once you’ve made an account and proved your identity, you’ll be able to make deposits, and start trading.

How do I pay for Binance Coin?

Some exchanges will allow you to pay for BNB using services like PayPal or credit card; many will insist that you use a bank transfer.