At the cryptocurrency exchange Bybit, you can buy and trade not only BTC and ETH but also BNB (Binance Coin) at spot prices, so this article will introduce and explain how to buy with images. This coin is a cryptocurrency developed by Binance, one of the world’s top cryptocurrency exchanges, and is a coin that is becoming increasingly well-known around the world. BNB is in circulation as Binance’s base currency and is quite valuable.
What is BNB?
BNB (Binance Coin) is a currency issued by the virtual currency exchange Binance. BNB functions as the base currency on Binance. Binance amortizes BNB every quarter, reducing the amount of coins in circulation. Against this background, the reality is that the value of BNB itself has not fallen easily. This BNB can also be purchased at Bybit. BNB’s current market capitalization price in 2023 is $252.67. The charts are currently trending upward both overseas and domestically. It is a coin that is comparable to USDT, so it is a recommended coin to start investing in. We recommend sending money using Metamask.
| Symbol | BNB |
|---|---|
| Issue limit | 200,000,000 |
| 上場時期 | 2017 |
| Founder | Binance |
Features of BNB
Binance’s BNB (Binance Coin) has the following characteristics, so first select the information and introduce it by category, so let’s check it out. BNB (Binance Coin) has a large physical supply today, and the price is expected to rise to the highest level from now on. The main reason for this is that it is the base currency on the Binance exchange. It is common to send money using MetaMask wallet. You can easily send money using the app.
maintain scarcity
BNB is a token whose currency is depreciated every quarter by Binance. Because of the process of incineration, the price of BNB rises each time. BNB is already popular and has reached the maximum issuance limit for the currency, so no new tokens will be supplied in the future. Therefore, it is safe to say that there is a limit to the provision and acquisition of currency as part of spot transactions, making it a highly scarce currency.
Increased sales on Binance
Binance also says that when sales increase, the value of BNB increases. Although Binance failed to develop its business in Japan and had to withdraw, it has been expanding into Africa. In recent years, the company has expanded to Uganda and Bermuda Islands, and development is progressing. In conclusion, it can be considered a coin that you can buy because it has high security and great reliability.
base currency
BNB (Binance Coin) is the base currency on Binance. Therefore, Binance users in particular will definitely know about the existence of this coin. As the value of Binance increases, the value of BNB will also increase. Currently, its value is low compared to Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Tether (USDT), etc. If you want to exchange and buy, now is your chance.
low operating costs
BNB has the features of low gas fees and excellent compatibility with Ethereum. Furthermore, in terms of running costs, BNB is cheaper than Ethereum. Ethereum has become more valuable in recent years, and gas fees have also risen. More and more users are switching to BNB. It is highly recommended because the platform can be traded in Japanese yen or dollars on the market 24 hours a day. It also supports sol, ada, dot, doge, trx, matic, and pepe.
Half off transaction fees
One of the benefits of BNB is that trading fees are halved when trading on Binance. If you hold the coin, you can receive discounts on trading fees, deposit and withdrawal fees, etc. This is a pretty good deal for Binance users. In addition to Bitcoin and Ethereum, BNB can also be used as a base currency on Binance. Basically, there are various stable tokens, and you can develop strategies in real time, so check out the system. If you have the necessary knowledge, you will be able to make a direct profit.
How to buy BNB
BNB (Binance Coin) can also be purchased on Bybit. To make a purchase, you will first need to open a Bybit account. Please refer to the article below. The steps are to make a deposit from a website that supports legal currencies such as coincheck, bitbank, bitflyer, etc., specify the brand and quantity of the virtual currency, and transfer the amount from the address using Metamask etc. , the contents of purchasing BNB (Binance Coin).
After logging in to Bybit’s official website, use the image as a reference and type in “BNB” in the search window at the top. The type of BNB currency pair will be displayed in conjunction with this, so click on it. It is easy to use and remember even for first-time users. You will now be able to buy and sell at market and limit prices.
The actual transaction screen will be displayed. While the market price is fluctuating, you can finally buy or sell by pressing the trade order button on the right side of the screen. At the very least, check the latest price and consider future prospects before purchasing. Bybit also holds campaigns, so there are many things you can get. You can also order with just a tap on your smartphone.
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