The Binance token is currently trading at $444 and the coin has risen by 7% in the last 24 hours. The BNB token could rise by another 5 – 10% if the bulls decide to start another rally. The token could continue to recover if the whales are able to push prices further through a corresponding increase in trading volume.
How and Where to Buy Binance Coin in Germany and elsewhere
To buy the BNB Token, you need to create an account with a crypto exchange/broker platform. To create an account, simply enter a username, password and email address. The website will ask you to verify the account by email as part of the Know Your Customer (KYC) procedure. This step can be completed by submitting copies of your driver’s license and utility bill.
Avoid trading on decentralized exchanges as they are unregulated. To help you find the right platform for trading, we have selected two of the best sites where you can trade safely.
eToro
eToro is one of the leading trading platforms for investing in crypto assets. Packed with features including copy trading, advanced technical charts and a range of trading tools, eToro’s platform is suitable for beginners and professionals alike.
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Binance
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the largest cryptocurrency exchanges on the market.
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What is Binance Coin and why is the price rising?
The Binance Coin is the native cryptocurrency of Binance and has an important use case. Binance is one of the largest crypto exchanges in the world. Owning BNB Tokens offers a number of benefits such as access to airdrops, passive income, and access to the Binance vault.
The BNB token could soon recover as Binance recently announced the launch of a $1 billion fund to boost the blockchain industry. 100 Million dollars of the entire fund is allocated for the development of talent.
Should I buy BNB today?
The Binance Coin is a strong token as it is backed by the most popular crypto exchange. The early owners of the BNB token could be generously rewarded if the coin continues to rise in the short term.
The BNB token could very well reach new highs as the network expands and introduces new features in the future.
This article is for informational purposes only – none of the content should be construed as financial or investment advice.