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While there’s a broad range of crypto tokens out there that could be worth investing in, there are many people who are keen on getting their hands on BNB. Binance Coin is essentially a utility token, used to trade and pay fees on the Binance Exchange. For this reason, it’s a popular choice among those who use and support Binance. 

For many people, PayPal will be a convenient payment method and fortunately for those who are looking to get their hands on some BNB tokens, there are plenty of platforms that support these kinds of payments. Here’s a closer look into how you could buy BNB with PayPal.

How to buy BNB with PayPal

BNB coin

While you may find that the way in which you buy Binance Coin will vary from one platform to another, the process will generally be similar enough on most exchanges. Generally speaking, it shouldn’t be hard and can be done in a few simple steps. Here’s a quick run-through of how you could purchase BNB with PayPal:

Step:1 Create an account on a crypto exchange that accepts PayPal

First of all, you’re going to need to choose a platform and sign up. If you’re looking to purchase tokens via PayPal, it’s best to do your research for sites that support this payment method (any of the ones mentioned earlier will usually be worth checking out). When you know which one you want, all you’ll need to do is sign up – and thankfully, the registration process is designed to be as straightforward as possible. Most platforms will make it easy for beginners to create an account on their site as a way to encourage business.

Step 2: Deposit some money into your account

Once you have signed up, you’ll need to transfer some money over to your new account. Make sure you deposit enough cash to buy the quantity of Binance Coin you want. Usually, there will be quite a few options for making your deposit (including PayPal), so it shouldn’t be a hassle to find the one that best suits your needs. 

Step 3: Buy BNB

Once the transfer is complete, you’ll be able to make your first BNB purchase. While each exchange is different, all you need to do is navigate the platform until you find the option to buy Binance Coin. You may want to decide whether you want to purchase and hold your coins or trade them. Either way, it should be rather simple to find out how to do it on the exchange you choose. If you really need help, you could get in touch with the customer support team.

Best Platforms accepting PayPal to buy BNB 

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Cryptocurrencies are very volatile and overall a risky investment. 69% of investor accounts lose money when trading CFDs

eToro 

BNB on eToro

As one of the biggest platforms on the market, it shouldn’t come as any surprise that eToro has earned a spot on this list. Of course, the real benefit for those interested in BNB trading is that it’s not exclusive to Binance and that it’s just as easy to purchase these tokens on eToro as it is anywhere else.

Aside from being able to easily purchase BNB tokens via PayPal on this exchange, there’s also a lot more that simply makes this a great place to trade.

Pros:

  • eToro is available in several languages and locations, making it a very accessible option
  • There are a variety of payment methods supported on this site, including PayPal, credit card, Visa and many more
  • eToro gives you the ability to buy and sell a wide range of cryptocurrencies, as well as several other assets

Cons:

  • eToro doesn’t offer automated trading

VISIT ETORO

*all trading involves risk

Binance 

Since the BNB token is directly connected to Binance, it deserves to be mentioned on this list. If you’re someone who’s already using Binance and want to take advantage of everything their native coin has to offer, there’s no doubt that buying BNB from their branded exchange is a good idea.

Pros:

  • As the platform’s native coin, many people prefer to simply buy it here
  • Binance offers many services; the Binance Exchange, Binance Chain, Trust Wallet and more 
  • Binance supports a wide range of cryptocurrencies

Cons: 

  • Some beginners may find Binance to be a little complicated
  • Binance has received complaints about security in the past

Coinbase 

Often praised for being one of the most beginner-friendly platforms on the market, Coinbase is usually a good choice for anybody who’s looking to start out easy. With quite a few different crypto tokens on offer, including BNB, you’re likely to find that you’ll be able to take care of all your trading needs while using this exchange.

Pros:

  • You can earn rewards for staking your assets on Coinbase
  • Coinbase is considered to not just be easy to use, but also incredibly secure and safe
  • Those who upgrade to Coinbase Pro can enjoy a variety of other features, including a digital wallet

Cons:

  • The fees are a little high for some people’s tastes
  • The site is far more limited for those who don’t upgrade to the Pro version

Capital.com 

Capital com BNB

Another great option for anybody interested in a reliable platform to buy and sell BNB tokens is Capital.com. Providing users with an excellent customer experience, offering a simple and easy-to-use interface and offering information to help investors with their trades, it’s simply perfect for crypto enthusiasts and beginners alike.

Many consider Capital.com to be one of the best brokers on the market. With such a good reputation and plenty of great features, it’s not hard to see why buying Binance Coin on this site could be a good idea for a wide array of traders.

Pros:

  • There are plenty of crypto assets to choose from; from BTC and ETH. to BNB and DOGE  
  • Capital.com offers plenty of support for mobile users
  • You won’t have to worry about the safety of your funds
  • It’s easy to use, trustworthy and designed to give you the best experience possible

Cons:

  • It’s not available in the United States

How to choose a platform for buying Binance Coin

Binance and a smartphone

Binance Coin isn’t the only alt-coin that you could easily get your hands on. In fact, there are many more exotic and interesting tokens you may want to look into, such as Binance Coin. BNBhas quite an interesting history and if you believe that it has the potential to go further in the future, it could be worth researching some of the different exchanges that support this cryptocurrency.

There are quite a few different platforms out there that facilitate Binance Coin buying/trading, which could be perfect for anybody hoping to earn off of it:

  • Consider the fees – Most platforms are going to charge fees for their services and there are many ways that they may do so. Some may have membership fees for extra services, additional costs on transactions, or take a commission on deposits 
  • Do a background check – With the number of fake exchanges on the market, considering the history of any exchange you’re interested in is usually a wise idea. Security breaches, reputability and so much more will be crucial to choosing a good platform 
  • Look into the features of the site – Most of the time, different exchanges will have a few features that will help to make them a good choice, such as Copy Trading or access to other crypto assets like NFTs (non-fungible tokens)
  • Consider your experience – Another factor is your own knowledge of crypto. If you’re somebody who’s just starting out, it’s probably best to avoid platforms that are known to cater to more advanced traders

VISIT ETORO

*all trading involves risk

What sets Binance Coin apart from the rest?

Binance coin to EUR

BNB to EUR (Source: Google Finance)

While the BNB token may be a cryptocurrency, there’s a lot that makes it stand out from the crowd. It may use the same crypto technology, but the purpose and utility of Binance Coin is what has truly helped it to see such success. 

Unlike Bitcoin and many other digital coins, BNB is a token made specifically for the Binance exchange, with the purpose of supporting and facilitating services on this platform. This means that it’s not just a digital coin made to represent money, but also an asset that you can use right now for a variety of uses on the Binance marketplace. 

Considering the fact that the only function of Bitcoin is simply to store value and act as a new form of currency, those who use Binance (or believe in its potential) are likely to be interested in the other things BNB has to offer. After all, this token has many perks and helps to support the many services within the Binance ecosystem; from transactions, to staking.  

Better yet, as Binance expands the utility of its coin, its list of possibilities and potential is only going to continue to grow.

What’s the best way to invest in BNB?

Those who want to start earning from Binance Coin may just find that there are several ways to do so. Whether you’re interested in a buying and holding strategy, or you want to take advantage of quick profits, there’s sure to be something that suits you. Here are a few examples of ways that you could invest in BNB:

  • BNB CFDs (contract for difference). CFDs are a form of trading that you could take advantage of even with Binance Coin. Essentially, contract for difference allows investors to get involved in trading without actually having to buy the coin – rather, you can have a contract that allows you to own a fraction amount of a coin. This makes investing far more accessible to complete beginners.
  • Day trading BNB. Day trading is a popular trading strategy that can be applied to many cryptocurrencies. It requires you to open and close multiple transactions on the same day, so you will need to be dedicated to your BNB investments if this is the route you choose. It can offer quick profits, but does still carry the usual risks of trading.
  • Buying and holding. For those who believe in the future of Binance Coin, simply purchasing some digital tokens and waiting a longer period to trade or sell may be a good idea. Unlike day trading, you could leave your coins for months or years before moving them, taking advantage of the time it has had to increase in value. You could potentially leverage your coins, allowing you to earn a small amount of interest while you wait to sell.

As you can see, there are quite a few options available to those who are interested in earning money from BNB. Of course, you could simply use your tokens for other purposes, like trading for other coins, purchasing items or services, and more. It’s up to you to decide what you want to do with your digital coins.

How much will BNB be worth in a few years’ time?

Since the world of cryptocurrency can often be unpredictable, it’s hard to find financial experts and experienced crypto traders that are confident in its longevity – but BNB is different. Why?

While crypto may be volatile, this is something that has long been a part of what it is and has even significantly helped in making these digital currencies as popular as they are today – whether they’re utility coins like BNB or meme coins like DOGE. All this is well worth taking into consideration if you’re interested in making an investment.

Looking into some of the crypto forecasts from experts in the field, it seems that Binance Coin could increase drastically in value by 2025, perhaps even reaching higher than £1500 by this point in time. While there’s no way to know for sure whether this will happen, it’s certainly interesting to see what other people are predicting for the future of this coin. 

Where to learn more about BNB

In most cases, all it will take is a quick search online and you’ll be presented with a wide array of opportunities to learn about what Binance Coin is, what it can do and why it may (or may not) be worth putting your money into. With so many resources available at your fingertips, getting the information you need really shouldn’t be a challenge.

This gets even better when you consider how many reputable articles there are, the opinions of experienced investors, and the ability to check the history of the coin. This will allow you to see its performance, from its launch until now, and even the potential price fluctuations it may see as the months and years go by. 

There are usually going to be quite a few more options too, if you’re willing to learn. For example, the BNB Reddit may be worth looking into if you’re familiar with the platform and want to find like-minded individuals to talk to.

VISIT ETORO

*all trading involves risk

BNB FAQ 

Will the value of Binance Coin increase?

Taking the past and current performance of Binance Coin into consideration, it certainly seems that the BNB token is only going to continue to see a rise in value as it continues to grow. It may see a dip from time to time, but the trajectory looks positive for BNB investors. As mentioned earlier on, many believe that it has the potential to increase significantly over the next few years.

Is it a good idea to invest in BNB in the long term?

It’s hard to say for sure what the future holds for BNB, due to the volatility of cryptocurrency on the whole. However, there is certainly a lot going for this crypto token. The fact that it supports the Binance network in many ways, has functionality outside of its own exchange and the overall popularity of the platform and its native coin all suggest that BNB is going to be well worth the investment.

Can minor fractions be converted to BNB?

Fortunately for anybody who’s looking to make investments in other assets on the Binance exchange, it’s incredibly easy to transfer minor fractions left over from other coins into BNB. There are many exchanges that simply discount these fractions, so being able to earn a little BNB from them and gain some additional cash over time that would otherwise be lost is certainly a bonus.

Do you need a crypto wallet to store BNB?

While there are quite a few exchanges that have their own hot wallets, there are also many that don’t. If the exchange you’re planning to use doesn’t have its own wallet service, it’s best to find a separate one. For safety reasons, those planning on buying a large amount of BNB, or storing it for long-term use, may want to transfer their coins to a more secure wallet.