The Binance Coin (BNB) is up 8% and is currently trading at $375.31 when we write this article.
The Binance Coin has risen by 8% within a day and the bulls have regained control. The BNB token could experience another leg of the rally if the whales continue to pile up huge amounts. The early owners of the BNB Coin could receive handsome rewards if the token continues to rise in the future. The BNB token has risen even though the broader crypto market is in a bearish mode, and that proves why it is such an attractive investment option.
How and Where to Buy Binance Coin in Germany and elsewhere
To trade with BNB, you need access to an account with a broker/exchange platform. Account registration is simple and fast. All you need to do is provide your full name, email address and phone number. You must also provide copies of your driver’s license and utility bill to meet the requirements of the Know Your Customer (KYC) policy. Avoid trading on decentralized platforms as they are unregulated and you could lose all your capital if you are not careful.
For your benefit, we have selected two of the best platforms where you can trade safely.
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.
Buy BNB now at eToro
Cex.io Offers exchange of fiat currency for Bitcoin Ethereum, Tether and 23 other cryptocurrencies as well as Bitcoin/Ethereum trading against the USD.
Buy BNB now at CEX.IO
What is Binance Coin?
The Binance Coin is the native token of the Binance Exchange. It is one of the largest crypto exchanges in the world. Holders of the Binance Coin are eligible to receive discounts and access to exclusive ICOs. Users can also earn passive income through yield aggregation if they keep BNB tOkens in the Binance vault. The Binance exchange conducts regular burning, which helps to increase the price of the Binance Coin by reducing its offer.
Should I buy BNB today?
The Binance Coin is on the upswing and could continue to recover if the bulls maintain interest. The BNB token has the potential to rebound further and could potentially target the $400 mark and beyond if the whales continue to drive prices in the short term. Traders could also use this opportunity to post short-term gains.
This article is for information purposes only – none of the content should be construed as financial or investment advice.