Binance Coin (BNB) is the native token that powers the Binance ecosystem. This includes the Binance Smart Chain (BSC), Binance Chain, and any other binance product.
Since it powers an efficient blockchain like BSC, BNB has become very useful as more developers and users turn to it. BSC processes transactions faster and cheaper than Ethereum, which is the top smart contract and decentralized applications platform.
Apart from its use on the blockchain, BNB has also proven to be a great investment asset in the crypto space. In the last few weeks, it has led the rally among the top ten cryptocurrencies, reaching a high of $620 for the first time since 2021.
If you wish to use the BSC blockchain or you wish to invest in BNB as an asset, you first need to buy it on an exchange. You can do this by swapping your other assets for it but if you have no assets to swap, you need to buy directly and these are the best exchanges to use.
Binance
Since Binance is the creator of BNB for its ecosystem, it makes sense that Binance exchange is the best crypto exchange to use for buying it, right? Buying BNB on Binance is cheaper than buying on any other exchange or buying any other asset for that matter.
Apart from that, Binance is a great exchange for crypto investors with any level of knowledge. This is why the exchange is so popular. You can easily find your way within it and buy any assets you wish to buy.
You’ll find different methods for buying BNB on Binance, including debit/credit cards, bank transfer, etc. Binance fees are generally lower than those of most exchanges as well, which further justifies its popularity.
Bybit
Bybit lets users buy BNB with their credit or debit cards, as well as other methods of buying the token. The exchange also allows holders of BNB to stake it for rewards, thus giving them an extra stream of passive income.
There are almost 1,000 other crypto assets supported on Bybit apart from BNB. This means you can always swap your BNB for any other asset of your choice whenever you want. Though not as easy to navigate as Binance, Bybit is also quite popular among different users.
In terms of security, Bybit is also highly respected as it is regulated in several countries. If your country doesn’t forbid its use, this is a great alternative to Binance.
eToro
eToro is another reliable platform you can use to buy BNB. If you’re a beginner looking to learn trading, this platform is also perfect for you because of its social trading feature. This feature allows you to copy the trades of pros and learn in the process while earning profits.
There are many methods you can use to buy BNB on this exchange as well, depending on your choice. You can also swap the BNB you buy with other assets listed on the exchange as well. eToro also supports other investments assets such as stocks and bonds, so you can explore those as well.
As a beginner, you don’t need to be concerned because eToro’s design is simple enough for just anyone to use, and the fees are quite modest compared to other exchanges.
KuCoin
KuCoin is a major global crypto exchange with over 30 million users worldwide. The exchange supports more than 700 assets, including BNB. Therefore, you can use it to buy the token using different methods such as debit/credit cards, bank transfer, etc depending on your location.
The exchange is also known to charge lower fees than most, which makes it a great choice also for those who wish to engage in active trading. You will find it also very easy to use as its design is for everyone no matter their level of exchanperience.
