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What is BNB?

BNB Coin is a crypto token that functions on the Binance Exchange.
BNB allows users to get discounted trading fees on that exchange ecosystem.
BNB has a finite supply of 200 million tokens.

How do I buy BNB?

Sign up to CoinSpot
Register for a CoinSpot account here & verify in minutes.
Deposit & buy
Deposit AUD into your account & enter the amount of AUD you want to trade for BNB and click "Buy".
That’s it!
You now own some BNB! You can click "Go to BNB Wallet" to see your BNB.

Learn more about BNB

Why Should I Trade BNB with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell BNB no matter what your trading experience is. Unlike other international and Australian BNB exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy BNB with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade BNB how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your BNB?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your BNB for free.

Cold Storage

If you are holding BNB as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy BNB. We are trusted by over two million customers and with just a few clicks, you can exchange Australian dollars or other cryptocurrencies for BNB. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
BNB has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As BNB is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual BNB exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in BNB & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying BNB safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your BNB portfolio here.
Yes! With CoinSpot you can convert your BNB to AUD (Australian dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

A coin burn is the process of permanently removing coins from circulation, reducing the total supply of coins available on the open market. Binance Coins are subject to a quarterly burn schedule in which a proportion of the total amount of coins in circulation will be permanently destroyed. The number of coins destroyed will be calculated based on the trade volume over the previous quarter.

Binance Coins are burnt to account for the predicted depreciation in value that will take place as the discount offered on trading fees is decreased on an annual schedule. As of the beginning of 2021, more than 14 million Binance Coins have been taken out of circulation, accounting for more than 7% of the total supply on the market. Burns will continue until 100 million Binance Coins – or 50% of the total supply at initial launch – are destroyed.

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