What is Binance Coin & Where To Trade It

Below is the Best10 Team's choice of the best Binance Coin Brokers & Exchanges available. We have narrowed the selection for you based on security, functionality, instruments, commissions and ease of use.

Best10 selects

Best Provider 2022
  • 27+ million users
  • 24/7 Trading
  • CySEC & FCA Regulated

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Most Popular Choice
Visit Broker
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3000+ Stocks
$50 Minimum Deposit
Mobile App
  • No.1 trading app in the UK and Germany
  • Regulated by FCA
  • Zero commission stock trading service

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Most Popular Choice
Visit Broker
Your capital is at risk
10K+ Global Stocks
$10 Minimum Deposit
Mobile App
  • Currently unregulated
  • Low trading fees
  • Mobile and desktop apps available
  • Registered in Saint Vincent and the Grenadines

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Most Popular Choice
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Your capital is at risk
All Main Cryptos
$100 Minimum Deposit
Mobile App

What is Binance Coin?

Binance Coin is a cryptocurrency token based on the eponymous trading exchange - Binance. The token is based on the ERC 20 Ethereum standard token. There are 200 million Binance Coins in circulation with 10% to founding investors and 40% to the founding team behind Binance. The remainder is for the public. The biggest draw is to use BNB over Bitcoin or Ethereum on Binance as you'll get substantially lower transaction fees.

Why the big fuss?

The ERC-20 based crypto token is an incentive-based token for the Binance crypto exchange platform. Here are some of the key advantages:

  • Using Binance Coin can reduce your Binance transaction fees by as much as 50%.
  • Binance Coin will remain an asset on the Binance Exchange indefinitely.
  • Binance announced a 100 million buyback scheme - the purpose of which is to help drive up the overall Binance coin value. The plan is to 'burn' the 100m meaning only 100 million remain in circulation and the value should increase over time.

What can I buy with Binance Coin?

You can use Binance Coin on the Binance Exchange to buy Bitcoin and other cryptocurrencies with as little as 0.1% in transaction costs. There is no way of spending Binance coins outside of the Binance platform. Its exclusivity is rewarded with lower transaction costs and increased asset value. There are no plans to allow platforms to use it as a means of exchange in a commercial sense.

Where can I buy, sell or trade Binance Coin?

We recommend you buy, sell or trade Binance Coin through a trusted broker. Our favourite is at the top of this page.

Risk Disclosure: Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Before deciding to trade in financial instruments you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Best10Stockbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Best10Stockbrokers and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Best10Stockbrokers and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Best10Stockbrokers may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.