BNB (Binance Coin) is the native crypto asset powering the Binance crypto exchange platform. Since BNB was released, it has evolved from a simple native token to an asset showing great promise. 

Consequently, investors seeking to diversify their crypto investment portfolio are looking to invest in BNB. This article will walk you through everything you need to know about buying BNB, from its benefits to the best exchange to buy BNB.

BNB – Utilities & Benefits

Utilities

The specific BNB uses include: 

• Paying transaction charges on the Binance Decentralized Exchange 
• Getting staking rewards by staking on the BSC blockchain
• Buying services and goods via the Binance Card feature;
• Making and accepting making payments on Binance’s Pay service
• Earning asset holders participation rights to Binance’s Launchpad events;
• Acts as a guarantee for cryptocurrency loans on Binance’s Loans and  Lending and Loans site

Benefits

There are many benefits to using the BNB token, such as: 

• Low fees: Investors get discounts when committing to orders on the Binance platform. The default charge all traders get is 0.1% for every committed trade, which is lower than the charges other exchange sites have. 
• Binance Launchpad: Token holders can participate in Dapps or ICOs on the site. 
• BNB burndown policy: Every quarter, Binance uses 20% of its profits to buy back the BNB token, after which they burn them to reduce the total supply. Ultimately, this will lead to scarcity which will create demand and cause the BNB price to rise. 

Best Binance Exchange: BuyCryptocurrency.com

There are numerous places where you can purchase the BNB asset; nevertheless, BuyCrypotocurrency.com is the best place to buy BNB for the following reasons: 

Privacy

Our service allows users to exchange and buy crypto assets without conducting any KYC checks or registering for an account. 

Affordable Charges 

Users on our site can buy crypto using a guaranteed or classic rate. The guaranteed rate or fixed rate allows customers to pay exactly what they pay for regardless of the market conditions. In contrast, the classic rate fluctuates due to network charges and changing market conditions.  

Accept Bank Card Payments

Our service is an excellent option for investors who buy digital assets with bank cards. We’ve partnered with Simplex to allow investors to purchase crypto directly using Mastercard or Visa. 

Security

Since we’re non-custodial, our customers are responsible for storing their digital assets. This makes our site less susceptible to hacking than centralized exchanges that store users’ crypto. Since users don’t have to register to use our service, security threats like identity theft are also reduced. 

Great Customer Support

We are available on most social media platforms, including Reddit, Instagram, Telegram, Facebook, and Twitter. Our customer support team is also fast, and it takes us less than an hour to get back to users. 

You can also contact our customer support team through the support contact form on our website. 

It’s Non-custodial

We don’t store digital assets; users must have a wallet for storing their crypto before purchasing a digital asset using our service. 

Has Over 200 Cryptocurrencies 

We allow investors to trade popular coins like ETH, LTC, BTC, XRP, etc. We offer more than 13,000 trading pairs to help our users avoid doing multiple swaps. 

We also don’t have a limit on swaps, and users can swap as much as they want.