BNB is Binance's platform token. Holding BNB not only gives you fee discounts but also many other perks. Register a Binance account to start buying BNB. Get the Binance APP for easy BNB management.
What Is BNB
BNB was originally issued as Binance's platform token and has since evolved into the native token of BNB Chain (formerly BSC). BNB has a wide range of uses: paying trading fees on Binance at a discount, serving as gas on BNB Chain, participating in Binance Launchpad token launches, and powering many DeFi protocols.
How to Buy BNB
Method 1: Spot Trading
The standard approach is buying BNB with USDT on the spot market. Open the Binance APP, go to "Trade" > "Spot," search for "BNB," and select the "BNB/USDT" trading pair. Like any other coin, choose a market or limit order, enter your quantity, and place the order.
Method 2: C2C Direct Purchase
On the C2C trading page, select BNB as the currency to buy directly with fiat from sellers. This skips the step of first buying USDT, though available sellers may be fewer and the premium might be slightly higher.
Method 3: Quick Buy
Use Binance's Quick Buy feature — select BNB, enter the amount, and follow the prompts to complete payment. The system handles the purchase automatically, making this the simplest option.
Method 4: Convert
If you already hold other crypto and want to switch to BNB, use Binance's Convert feature. Go to "Trade" > "Convert," select the coin you're selling and BNB as the purchase, enter the amount, and confirm. Convert has no separate trading fees, though there's a spread built into the exchange rate.
Main Uses of BNB
Fee discount: Hold BNB and enable "Use BNB to Pay for Fees" in settings for a 25% discount on spot trading fees. For frequent traders, these savings compound significantly over time.
Launchpad participation: Binance regularly launches new projects on Launchpad, where users can subscribe with BNB. Many Launchpad projects see impressive gains after listing — this is a key perk of holding BNB.
BNB Chain gas fees: If you use BNB Chain DApps like PancakeSwap, you need BNB to pay transaction gas fees. Without BNB, you can't perform any operations on BNB Chain.
Binance Earn: Deposit BNB into Binance Earn products for interest income, with both flexible and fixed-term options.
How Much BNB to Buy
If you only need fee discounts and BNB Chain gas, a few BNB will suffice. For Launchpad and other activities, you may need more. The exact amount depends on your trading volume and participation needs.
We suggest starting with a small amount to experience the various features, then deciding whether to increase your position. BNB's price fluctuates like any other cryptocurrency, so keep market risk in mind.
When to Buy BNB
BNB's price is influenced by multiple factors including Binance's business growth, BNB Chain ecosystem activity, and overall crypto market conditions. Binance regularly burns BNB, which theoretically reduces supply and supports the price.
If you're bullish on the Binance ecosystem long-term, consider buying in batches during price dips. If you just need BNB for its functional uses, buy anytime without overthinking the timing.