BNB is a token issued by Bian and is a decentralized blockchain digital asset based on Ethereum. The total amount of issuance is constant at 200 million. BNB will be destroyed every quarter according to the transaction volume of the bian platform in that quarter. The destruction record will be announced as soon as possible. Users can query it through the blockchain browser to ensure openness and transparency until it is destroyed. The total amount is up to 100 million BNB coins.
What are the uses of BNB? For example, it can be used to pay transaction fees, issue new tokens, send/cancel orders, and transfer assets. There are also discounts on transaction fees, payment assets for third-party services, participation rights, and transactions on the bian Launchpad.
The above is to use cash to buy BNB. You can also buy stablecoins first, such as USDT, USDC, etc., and then exchange them for BNB on a crypto asset exchange. Here are a few exchanges that support exchange: BIAN, OKX, Bybit, Kucoin.
To use cash to purchase BNB, you must first exchange a bank or financial payment platform that supports your cash account. Different countries or regions may support different platforms. For example, you can buy BNB through Coinbase, Paypal (or Venmo), or Robinhood in the United States. However, for most countries, the mainstream platforms that support BNB cash transactions (OTC) are exchanges (CEX), such as Coinbase, Binance, etc. The trading steps may be different on different exchanges. The general steps are listed below.
Step 1: Register an account on the exchange’s official website or APP.
Step 2: Authenticate. For asset security, you'd better enable two-step verification.
Step 3: Add a payment method to your account. You can click "Add payment method" and set it up in the pop-up box or click your profile photo and set up a payment method.
Step 4: You have the option to purchase BNB using debit/credit card and third-party payment methods. For beginners, there are usually flash sale guidelines, just follow them.
Additionally, you can buy and sell BNB on the P2P platform. P2P (Peer-to-Peer) is also called C2C (Customer-to-Customer) transaction. In P2P trading, users buy and sell crypto assets directly on P2P platforms, exchanges or markets.
Since the operating procedures of different exchanges are different, here are some general steps for you.
Step 1: Register an account on the official website or APP of the Centralized Exchange (CEX).
Step 2:Verify your identity. A government-issued identification document is usually required. For asset security, you'd better enable two-step verification.
Step 3: Use fiat currency to purchase USDT. You can use the exchange's OTC trading service. For details, you must first check the financial platforms supported by the platform.
Step 4: Transfer the purchased USDT to the spot account of the exchange and purchase BNB in the spot transaction.
Note: Some exchanges may be prohibited in your country or region, please consult the customer service of the exchange. As for tax issues, you can check with your local department for more information.
According to BlockBeats news, on January 2, the auction of SleeplessAI’s first NFT HIM Genesis I ended at 0:00 yesterday. The highest unit price exceeded 510 BNB, and the total auction total exceeded 8,477 BNB, which is approximately US$2.6 million. The auction lasted for 2 days, with more than 30,000 bids and a participation amount of more than 10 million BNB.
The above is the editor’s relevant information on how to buy BNB, I hope it can help you.