What is BNB used for?

BNB is a utility token with wide-ranging use cases. It's used to pay trading fees on Binance, cover gas fees on BNB Smart Chain (BSC), and access DeFi services, NFT platforms, and Web3 dApps. BNB is also used for staking, participating in token sales on Binance Launchpad, and even making real-world payments through supported merchants.

Is BNB the same as Binance?

Not exactly. BNB is the native token of the BNB Chain ecosystem, while Binance is the centralized exchange that created and launched BNB in 2017. Although Binance still plays a major role in BNB’s ecosystem, the BNB Chain is a decentralized, open-source blockchain platform, and its future direction is increasingly governed by validators and community proposals.

What’s the difference between BNB Beacon Chain and BNB Smart Chain?

The BNB Beacon Chain handles governance functions such as staking and validator elections. The BNB Smart Chain (BSC) is EVM-compatible and supports smart contracts and dApps, similar to Ethereum. Users typically interact with BNB Smart Chain when using wallets like MetaMask or Trust Wallet to access DeFi protocols.

Does BNB have a limited supply?

Yes. BNB has a maximum supply of 200 million tokens, but that supply is actively reduced through quarterly token burns and gas fee burning. Binance has committed to eventually burning 50% of the total supply, making BNB deflationary over time. This model aims to increase scarcity and support long-term value.

Where can I buy and store BNB?

You can buy BNB directly on Phemex, and we’ll securely hold it on your behalf as a custodial exchange. You can also use other cryptocurrency like USDT to trade BNB on the Phemex spot market. After acquiring BNB, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.

How to Buy Binance Coin (BNB) Guide

How to Buy Binance Coin (BNB) on Phemex

Buy Binance Coin (BNB) effortlessly on Phemex, the most efficient crypto exchange trusted by millions. Enjoy secure, instant purchases with flexible payment methods, including credit cards, bank transfers, third-party providers and P2P trading, accessible worldwide. Phemex’s intuitive platform and robust security make buying BNB seamless. Kickstart your cryptocurrency journey today—buy Binance Coin securely and confidently on Phemex.

Price of Binance Coin

$883.61 -1.02%

Where can I Buy Binance Coin (BNB)?

Discover where to buy Binance Coin (BNB) on Phemex, a secure cryptocurrency exchange trusted worldwide. These three easy steps let you buy BNB with low fees using credit cards, debit cards, bank transfers, or third-party providers—no minimums, no hassle. With two-factor authentication (2FA), proof-of-reserves audits, and anti-phishing protection, Phemex is the safest place to buy Bitcoin and the best place to buy Bitcoin online.

Step 1. Set Up a Secure Account

Sign up on Phemex in moments with your email to start trading Binance Coin (BNB) globally. Complete quick identity verification to unlock instant purchases. Phemex’s secure registration, backed by 2FA and proof-of-reserves audits, keeps your account safe from the start, making it a trusted cryptocurrency exchange.

Step 2. Choose a payment method

Choose payment options like credit cards, debit cards, bank transfers, or third-party providers for instant processing. Select your fiat currency and (BNB), and enter the amount to spend. Click “Buy” to proceed with ultra low fees. Phemex’s secure platform, backed by 2FA, ensures the fastest way to buy Binance Coin with peace of mind.

Credit/Debit Card

Support:

Currencies 30+

Lowest Fee 0.8%

Arrival Instant

Best For First purchase/Small Amounts

Buy with Credit/Debit Card

Step 3. Buy and Store Binance Coin (BNB) Safely

Confirm your order details and complete payment to buy Binance Coin BNB instantly. Your (BNB) will be credited to Phemex’s high-security wallet, protected by advanced encryption, within 1 hour or after third-party processing. Buy BNB safely and start trading or holding your BNB today with the best place to buy BNB online.