Binance.com | the world's largest crypto exchange
Binance.com is the largest crypto exchange where over 600 cryptocurrencies can be traded and exchanged and is becoming increasingly popular. Furthermore, Binance has its own cryptocurrency, the Binance Coin (BNB). The Binance Coin is extremely successful and has the third largest market capitalization after Bitcoin and Ethereum. The price development of the Binance Coin also went up rapidly. In 2021 alone, the price has increased more than 15 times. In the first few years (2017-2020), the rate ranged from around $10-30. Highs of over $600 were reached in 2021 and 2022. Binance Coin (BNB) is an interesting investment for traders who specialize in cryptos. To purchase and trade the BNB, you need a wallet. There are several providers for this. The best known are the online broker eToro or you can use the online wallet from Binance.com. Binance Coin technology is based on Ethereum. There are now numerous providers for a BNB wallet. We recommend opening a wallet with Binance itself or with the broker eToro. There are no registration fees and the spreads are very low. You can still use Exodus or Atomic as a wallet. You can download it as a desktop version or as an app for your smartphone. You can purchase the BNB at Binance.com and then move it to the respective wallet.
➔ to Binance.com *
The broker eToro specializes in trading CFDs and cryptos. You can trade over 100 cryptocurrencies via the secure wallet. The registration and buying BNB are straightforward. Etoro is regulated by a European authority and has the appropriate financial licenses. For deposit numerous options are available. German-speaking customer support is also included with eToro. Trading at eToro is exclusively about CFDs. This means that sending or receiving BNB is not possible. With CFD trading, you only speculate on the price development of a Cryptocurrency but does not acquire physical coins. The security level at eToro is also very high to protect against hack attacks etc. to protect. Only a hardware wallet is even more secure because it is always online. eToro also offers a demo account to get acquainted with crypto trading.
Binance Coin (BNB) and Wallet
The Binance Coin is not a classic cryptocurrency, but this can make it interesting for investors. At the platform of Binance can occasionally experience security problems, with the platform from eToro or another well-known online broker being a little more secure offers. There are even CFD brokers where you can only trade crypto CFDs. Here you can use a crypto wallet like Bitcoin or Etherum deposit and withdraw and even remain anonymous if you wish. The Binance Wallet is available for desktops and as a mobile version, which allows you to use many Send and receive or exchange cryptocurrencies. Although the Binance Coin is based on Ethereum, the transaction fees are about 20 times cheaper than at Ehereum. If you would also like to benefit from the booming crypto market, the Binance Coin is definitely an interesting investment. You only need it a wallet at Binance.com or an online broker.