Binance Coin

The Top 3 Regulated Binance Coin Brokers

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Rank

Broker

Rating

Coins

Offer

Start Trading

1


24option_logo2

5 Star Rating

10


  • £100 Min. Deposit
  • Award Winning
  • Trading Incentives
  • Multiple Instruments

Visit Site

2


eToro

5 Star Rating

9.9


  • $200 Min. Deposit
  • 24/7 Trading
  • Top Traders Program
  • CySEC & FCA Regulated

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3


IQ Option

9.8


  • £100 Min. Deposit
  • 24/7 Crypto trading
  • Buy in 1 Click
  • Free $10k Demo Act

Visit Site

Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk.

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What is Binance Coin?

Binance Coin is a cryptocurrency token based on the eponymous trading exchange – Binance. The token is based on the ERC 20 Ethereum standard token. There are 200 million Binance Coins in circulation with 10% to founding investors and 40% to the founding team behind Binance. The remainder is for the public. The biggest draw is to use BNB over Bitcoin or Ethereum on Binance as you’ll get substantially lower transaction fees.

Why the big fuss?

The ERC-20 based crypto token is an incentive-based token for the Binance crypto exchange platform. Here are some of the key advantages:

  • Using Binance Coin can reduce your Binance transaction fees by as much as 50%.
  • Binance Coin will remain an asset on the Binance Exchange indefinitely.
  • Binance announced a 100 million buyback scheme – the purpose of which is to help drive up the overall Binance coin value. The plan is to ‘burn’ the 100m meaning only 100 million remain in circulation and the value should ‘double’ in late 2018.

What can I buy with Binance Coin?

You can use Binance Coin on the Binance Exchange to buy Bitcoin and other cryptocurrencies with as little as 0.1% in transaction costs. There is no way of spending Binance coins outside of the Binance platform. Its exclusivity is rewarded with lower transaction costs and increased asset value. There are no plans to allow platforms to use it as a means of exchange in a commercial sense.

Where can I buy, sell or trade Binance Coin?

We recommend you buy, sell or trade Binance Coin at a trusted broker. Our favourite is at the top of this page. You can read our reviews of the top brokers here.

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