Discover Binance Coin Features: BNB Token

Learn why $BNB is so popular. Also, get detailed instruction on how to trade Binance coin on Tokpie and purchase BNB with bank card.

Like the Google is a giant in the Internet world, the Binance exchange is a colossus on the cryptocurrency market. They are similar to each other in terms of market dominance. Also, these companies have the same expansion strategy. Like Google purchases small startups, Binance buys small crypto-related projects. For example, Binancians bought CoinMarketCap (CMC) – the biggest coin tracker, for around $400M in 2020. So, considering all the advantages of Binance exchange, its native Chain (BSC), the Tokpie team has decided to list BNB token. In the following article, you will find the BNB’s benefits. Also, you will get a guide on how to trade BNB tokens on the Tokpie exchange.

What’s the Binance exchange?

The Binance is the top exchange due to CoinMarketCap. Why is it on the Top? Because Changpeng “CZ” Zhao’s (CEO) platform has the highest trade volume and the most significant number of trading pairs and listed assets. Moreover, Coinbase and Kraken (2nd and 3rd rank) have five times lower liquidity and available coins for trading. So, there is no surprise that Binance’s BNB token has a strong demand among the crypto community. However, the token has many other use cases that we explain below.

Binance platform is on top
Binance exchange on CMC

BNB utility value

Among many popular coins, the BNB has one of the most robust sets of utility values. First, it allows to save up to 25% on trading fees in different exchange sections. These sections are Spot, Margin, and Futures trading. Moreover, by holding BNB coins on a Binance account a user can get the following advantages:

  • Get qualified for the VIP Program
  • Lend via new token farming on Binance Launchpool
  • Send and receive crypto payments with Binance-Pay
  • Earn a flexible percentage yield by depositing BNB on select Binance Smart Chain projects
  • Earn up to 40% commission by joining Referral Program
  • Obtain exclusive tokens listed on Binance Launchpad
  • Receive crypto loans using Binance Loan
  • Stake BNB to earn rewards inside BNB Vault
  • Spend BNB at more than 60 million merchants worldwide with Binance Visa Card
Quarterly burning of BNB
Quarterly burning of Binance coins

What’s the BNB token?

BNB is the Binance exchange’s token running on different chains and has many thousands of holders. Starting from 2020 this coin has become like ETH because users spend BNB for gas payment on Binance Smart Chain. Besides its enormous utility value, the coin has a burning schedule. So, the team buyback and burns BNB every quarter. Consequently, they have already burned 30,567,063 tokens for 2017, Q4 to 2021, Q2 period (image above). It’s important to note here that the coin’s total supply is limited to 200M (look at the pie chart below). Expecting the growing demand on BNB, the Tokpie team made it available for trading, depositing, and withdrawing in BEP20 (BSC).

  • Token Name: Binance Coin
  • Symbol: BNB
  • Website
  • Token total supply: 200,000,000

How to buy BNB tokens?

Purchase BNB tokens for ETH, USDT, or WBTC in three simple steps:

  1. Fund your account with ETH, USDT, or WBTC. If you don’t have crypto, you can purchase BNB with a bank card in few minutes.
  2. Open BNB/ETH, BNB/USDT, or BNB/WBTC order book, and place your trade order to buy. Use this instruction if you don’t know how to place a trade order.
  3. Withdraw BNB tokens to your personal BEP20 wallet or hold them on the account.

How to buy BNB with Bank Card or Apple Pay?

buy $BNB with bank card
Obtain $BNB with Visa, MasterCard, or Apple Pay

Use your bank card or Apple Pay to obtain Binance coins directly in minutes. Open the bank card processing page, enter the amount of BNB and your wallet address. Then click the Continue button. That’s it.

How to sell BNB tokens?

To sell BNB tokens for ETH, USDT, or WBTC, follow three steps:

  1. Deposit BNB tokens on your account.
  2. Open BNB/ETH, BNB/USDT, or BNB/WBTC order book, and place your trade order to sell. Read the instruction if you don’t know how to place a trade order.
  3. Withdraw ETH, USDT, or WBTC to your personal wallet or hold them on the account.

How to deposit BNB tokens?

To deposit BNB tokens into your Tokpie account, follow this guide. Also, make sure that you are going to deposit via BEP20 chain. If you deposit the wrong tokens or the wrong blockchain type, Tokpie could not identify your transfer.

Note: Tokpie doesn’t charge any fees for depositing.

How to withdraw BNB token?

To withdraw BNB tokens from your Tokpie account, use this instruction. Besides, you must have a BEP20 compatible wallet address to be able to withdraw tokens. Also, check the withdrawal commission.

Disclaimer

Also, please be aware that Tokpie charges a fee for the listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance.

Useful links to trade BNB

For any questions about trading bounty stakes, contact Tokpie at https://t.me/tokpie.

Buy Bitcoin with Credit Card. Plus other Popular Crypto

Discover how to buy Bitcoin and other popular crypto with bank card just in few minutes.

Great news! Tokpie partnered with Simplex, the most reliable payment processor that has the EU license. So now, you can buy Bitcoin or any other popular crypto with a credit card on the Tokpie exchange. 

Buy Bitcoin (BTC), Ethereum (ETH), DAI Stablecoin (DAI), Litecoin (LTC), and other fifteen coins in your local fiat currency with either a VISA or MasterCard (credit or debit card).

Also, We are happy to announce extended coverage of Simplex’s services within the U.S. to enable more users to purchase crypto assets easily and risk-free.

As of today, in addition to all of the other regions it serves, Simplex supports the purchase of cryptocurrency from users in Nevada (NV), Washington (WA), New Mexico (NM), Vermont (VT), Alaska (AK), and Louisiana (LA). The supported cryptocurrencies in these territories will be Bitcoin (BTC), Bitcoin Cash (BCH), Etherium (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT).

 Find below a step-by-step guide to buying crypto with a bank card on Tokpie.

Select cryptocurrency

 1. Select a cryptocurrency that you want to buy here

Buy crypto at lower rates
Buy bitcoin with credit card

Enter amount 

2. For example, enter the amount of BTC to purchase or the amount of EUR you are willing to spend. A result, the system automatically calculates the best rate for you.

Note: The amount shall be between $50 and $20,000 US dollars equivalent.

Enter wallet address

3. Enter your wallet address. If you don’t have a one, then create it here.

Confirm purchase

4. After selecting crypto and entering amounts, press the ‘continue’ button to confirm the purchase.

Note that the residents of some countries cannot buy crypto with bank cards.

Fill in the billing information

 5. Then, enter billing information and verify it through mobile phone and email.

Methods of payment

You can pay with a bank card. It can Visa or MasterCard, debit or credit card. Also, you can buy cryptocurrency with Apple Pay.

Upload document

6. Upload any one of your identity documents and fill the details.

Check the status

7. Congratulations! You have completed the payment. Track the status here

Popular crypto

This is the list of all popular crypto that you can buy with a credit or debit card (Visa or MasterCard). 

ATOMCELLTCUSDT
BCHDAINANOXAUT
BNBDASHPAXXLM
BTCEOSSGAXRP
BUSDETHTRX

Restricted countries

The service is not available to the citizens of these countries:

  • Afghanistan AF
  • Albania AL
  • Bahamas BS
  • Barbados BB
  • Botswana BW
  • Cambodia K
  • Cube CU
  • Democratic People’s Republic of Korea KP
  • Ghana GH
  • Iceland IS
  • Iran IR
  • Iraq IQ
  • Mongolia MN
  • Mauritius MU
  • Myanmar (Burma) MM
  • Jamaica JM
  • Kyrgyzstan KG
  • Nicaragua NI
  • Pakistan PK
  • Panama PA
  • Sudan SD
  • Syria S
  • Uganda UG
  • Yemen YE
  • Zimbabwe ZW
  • US States: 
  • Alabama (AL)
  • Florida (FL)
  • Georgia (GA)
  • Hawaii (HI)
  • New York (NY)
  • Oregon (OR)

For any question or cooperation, you can contact Tokpie at https://t.me/tokpie