Discover how to buy BNB (BNB) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
BNB (BNB) is currently at
$902.10
$14.1000 (+1.56%)
Last updated on --.
How can I buy BNB on OKX?
Whether you're new to crypto or an experienced trader, you can buy BNB using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose BNB
Select BNB and buy using your chosen method.
Step four
Receive your BNB
Confirm your purchase and store your BNB in your portfolio.
What's BNB?
BNB is a type of digital money used on a special computer network. Imagine it like a token you use to play games at an arcade. BNB helps make transactions faster and cheaper on its network. It was created to solve the problem of high fees and slow transactions in the digital world, making it easier for people to use and trade digital assets.
How can I buy BNB?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Verify your identity by providing necessary documents as per U.S. regulations. 3) Fund your account using a bank transfer or credit card. 4) Once your account is funded, search for BNB in the platform. 5) Place a buy order by entering the amount of BNB you wish to purchase and confirm the transaction.
Why do people buy BNB?
People buy BNB because it can be used to pay for transaction fees on its network, often at a discount. It's also widely accepted in various digital applications and services. BNB is part of a large ecosystem, making it useful for accessing different blockchain-based services. However, it's important to understand that its value can change, and it's not guaranteed to increase.
Things to know before buying BNB in the United States
In the U.S., cryptocurrencies like BNB are legal but regulated. You must complete KYC/AML verification to trade. Cryptocurrencies are subject to taxes; profits from selling BNB may be considered capital gains, and income from activities like staking could be taxable. Always consult a tax professional for advice specific to your situation.
What are other ways to own BNB?
You can earn BNB through programs like airdrops, where free tokens are distributed to users. Some platforms offer Learn-and-Earn programs, rewarding you with BNB for completing educational tasks. Participating in network activities like staking or providing liquidity can also earn you BNB. These methods require effort and understanding of the associated risks.
How can I store my BNB?
To keep your BNB safe, you can use a custodial wallet, where a service holds your BNB for you, or a non-custodial wallet, where you control your BNB. Hot wallets are online and convenient but less secure, while cold wallets are offline and more secure. Always back up your wallet, keep your recovery phrases safe, and use strong passwords to protect your assets.
Why should I buy BNB on OKX?
Learn more about the security measures keeping your BNB safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy BNB (BNB)
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How to get BNB for free
Invite friends, earn rewards
See how you can get free BNB when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your BNB grow, for free. Put your crypto to work, 24/7.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade BNB
Take advantage of price fluctuations and trade your BNB for other cryptocurrencies.
Send BNB
Send your BNB anywhere, anytime with fast, low-cost transfers.
Spend BNB
Use your BNB to pay for goods, services, and experiences seamlessly.
Hold BNB
If you think your BNB will increase in value, you can hold onto it.
Sell BNB
Convert your BNB to cash quickly and securely.
How to buy BNB (BNB) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy BNB BNB safely on a trusted exchange like OKX.
Choose the best exchange to buy BNB (BNB) depending on your individual needs. Factors to consider when picking the best place to buy BNB (BNB) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping BNB. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell BNB (BNB), as well as fiat withdrawal options.
This depends on the method you use to convert BNB (BNB) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.