If you're going to buy Binance Coin, we'll help you choose the best exchange to do so in the next few paragraphs.
To buy BNB, you can get started by reviewing the most liquid trading pairs available.
In this case, those are Binance, WhiteBit, FTX and BKEX.
If you want to buy Binance on USDT, the most liquid exchanges to do it are Binance, WhiteBit and BKEX, but beware: none of these allow traders based on the US.
Don't worry! If you're an American citizen, we still have some options for you down below.
Binance is one of the biggest exchanges in the world, and also offers a variety of trading pairs such as BUSD and BTC. They recently launched a platform for US users but their liquidity is not as high, which is something you might want to consider.
WhiteBit is an Estonian-based exchange platform with great features and tools for its users and low fees. If you're in Europe or Asia, this might be the one to choose.
Of these exchanges, BKEX is the least recommended since there have been recent reports of issues with withdrawals and even though they work as a global exchange, their support site is mainly on Chinese. Not the ideal situation if you need help and don't speak the language.
If you're interested to buy in the BNB/USDT pair and are currently living in the US, the next best exchange to do so would be BitMart. This exchange based on the Cayman Islands is number 7 on liquidity, it has a mobile app available for both IOS and Android, and has a futures trading option.
On the other hand, while FTX has the most liquidity for the BNB/USD pair, they're not available for US users.
So, if you're interested in this particular pair, it's available on the Binance.US platform for traders in USA - except for those in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas and Vermont - with one of their advantages being their competitive trading fees.
Once you have set up an account on any of these platforms you will be able to get Binance Coin. If you're not familiar with trading or any of these exchanges listed, we suggest you take the time to learn more about them before making any decisions.
When you buy any cryptocurrency, it's also important to pay attention to the deposit methods allowed on your preferred exchange, and see which ones fit best to your needs.
Most exchanges will let you buy BNB by depositing money into your account using credit cards or wire transfers. Some exchanges are even starting to allow users to pay with Paypal, but it's not as common. Before setting up your account, make sure to read about their terms of service and deposit methods.
Of the exchanges mentioned above, Binance, WhiteBit, FTX, BitForex and Binance.US allow wire transfers and credit cards on their platform, while BitMart does not accept transfers.
To purchase Binance Coin, it's important that you're familiar with BNB wallets and select the one that you find best.
A wallet is not meant to store Binance but rather provide a secure space to store the data you need to make transactions.
There are four types of wallet: