Buy Binance Coin (BNB)

Follow the steps below to easily and securely buy Binance Coin.

You can securely store your Binance Coin in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Binance Coin. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Binance Coin with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Binance Coin with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Binance Coin through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Binance Coin is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Binance Coin involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Binance Coin, it is important to understand the risks.

Volatility: The price of Binance Coin can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Binance Coin is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Binance Coin through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Binance Coin or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

At Finst, we support several order types to buy Binance Coin: Market Order, Limit Order, and Auto Invest (DCA).

- With a Market Order, you buy Binance Coin instantly at the best available market price.

- Do you want to buy Binance Coin at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Binance Coin. Your order will be executed once your limit price is reached on the market.

- Do you want to invest in Binance Coin without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.

Yes, on our platform, you can easily buy Binance Coin with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of Binance Coin reaches your limit price or lower.

A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.

Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA Binance Coin without any action required or additional fees.

Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.

Yes, you can send your Binance Coin to an external wallet. With Finst, you can easily send your Binance Coin to a hardware or a software wallet.

Yes, you can store Binance Coin (BNB) on hardware wallets such as Ledger or Trezor.

Binance Coin (BNB) is the native cryptocurrency of the Binance crypto exchange. The coin was originally launched as an ERC-20 token on the Ethereum network, but was eventually moved to Binance's own blockchain called the Binance Smart Chain (BSC). The Binance chain was founded in 2017 and grew to become the world's largest crypto exchange in an extremely short period of time.

The Binance Smart Chain (BSC) is a blockchain service from Binance that allows developers to create decentralized applications (dApps) that use smart contracts.

The smart chain was launched to address limitations of the BNB Beacon Chain. Where the Beacon Chain was created to regulate governance and staking, BSC was developed to support smart contract functionalities. In addition, BNB is now also EVM-compatible (the Ethereum blockchain). This made it possible to run decentralized applications (DApps) and DeFi projects on BSC.

BNB Beacon Chain vs. BNB Smart Chain (BSC)

- BNB Beacon Chain: Uses the BEP-2 standard and is focused on staking and governance.

- BNB Smart Chain (BSC): Supports smart contracts, uses the BEP-20 standard and is compatible with Ethereum tools such as MetaMask.

Both blockchains operate independently of each other, but in 2023 Binance announced that the BNB Beacon Chain would be phased out and its functions would be moved to BSC. This migration, called the BNB Chain Fusion, took place in 2024.

BNB Smart Chain uses a Proof of Staked Authority (PoSA) consensus mechanism. Validators stake BNB to verify transactions and receive transaction fees as a reward. No new BNB is mined because BNB is not inflationary. In fact, regular coin burns reduce the total supply.

BSC supports the BEP-20 standard, which is comparable to Ethereum's ERC-20. This makes it easy for developers to create tokens, ranging from stablecoins to NFTs. Transactions on BSC require a small amount of BNB as a gas fee, comparable to ETH on Ethereum.

DeFi on the Binance Smart Chain

BNB Smart Chain offers support for DeFi applications such as PancakeSwap, where users can trade digital assets and do yield farming. Many assets from other blockchains, such as BTC and ETH, exist on BSC as wrapped tokens, which are linked to the value of the original assets.

The Binance exchange and BNB were founded by Changpeng Zhao (CZ), the CEO of Binance and a well-known name in the crypto industry. The Binance Coin was launched in 2017 through an Initial Coin Offering (ICO), in which Binance raised $15 million, according to Binance. However, according to a 2023 Forbes investigation, the actual amount would only be around $6 million.

1. Discounts on Binance transactions: 25% discount on spot and margin trades, 10% discount on futures.

2. Additional discounts for large traders: The more you trade and the more BNB you own, the lower your fees.

3. Use on PancakeSwap and Binance DEX: Many DeFi projects on BSC require BNB as a trading currency or gas fee.

4. Games and DApps: BNB is used in games and other applications on BNB Chain.

5. Initial Exchange Offerings (IEOs): By locking up BNB, you can participate in exclusive token sales on Binance Launchpad.

6. Binance Visa Card: Pay at shops and get up to 8% cashback in BNB.

7. Donations and payments: Support for Binance Charity, Travala.com and Binance Liquid Swap.

8. Regulations: BNB is banned in some countries, such as the US, because it is considered a security.