Where and How to Buy BNB Without Binance?

September 28, 2021

How to Buy

Ana Rojas

Learn about the features of Binance crypto and how to buy BNB without Binance cryptocurrency exchange. All this and much more in the new StealthEX article. So let’s start.

Binance Coin (BNB) is a digital asset that fuels the Binance ecosystem, the world’s largest and most well-known online exchange platform, and BNB coin is the most popular utility token. This coin was launched in the summer of 2017, and today, it can be exchanged for almost any other asset. In addition, BNB has also become a component of other Binance products. By buying BNB crypto and using it within the ecosystem, Binance users are able to:

• Cut costs and miscellaneous trading fees.
• Use BNB to pay for goods and services.
• Settle transaction fees on Binance Smart Chain.
• Use BNB Vault
• Participate in exclusive token sales.
• Lend through new token farming opportunities on Binance Launchpool.
• Send and receive crypto payments with Binance Pay, and much more.

How to Buy BNB Without Binance?

Binance is not the only place where to buy BNB crypto. Since all users now need to verify their accounts to complete transactions, this process becomes lengthy and even challenging, especially for beginners. Use StealthEX to get your BNB coins quickly, regardless of the sum you buy. No need to overpay or provide much information for exchange. Your purchase will take just a few minutes.

Buying BNB Coin Outside of Binance

Just go to StealthEX and follow the guidelines below. Let’s imagine you want to exchange ETH to BNB. To make an exchange, you need to take a few simple steps:

First, you should choose Ethereum in the left drop-down list. Then choose the Binance coin in the right list of coins. 

After setting the pair it is necessary to enter the amount of ETH you would like to exchange.

Here you will see the estimated amount of Binance crypto that you will receive after the exchange.

Now when everything is set for the exchange, press the Start Exchange button and you will be taken to the next page.

Next, you need to provide the BNB token recipient address. The recipient address must match the cryptocurrency you are going to receive. Remember to double-check the information you enter prior to the exchange as the transaction you make cannot be canceled.

As soon as you have carefully checked all the details, you can press the Next button and you will be redirected to the Confirmation page with the information about the exchange.

Here you can revise the address provided and the amount of BNB cryptocurrency you will receive. Don’t forget to read and check the Terms of Use and Privacy Policy box. Without checking the box you will not be able to continue the exchange. 

Pressing the Next button you will be redirected to the Exchange page. 

At first, you will see the address where you need to send your ETH coin to continue the exchange. StealthEX will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.

Exchange Statuses

After sending ETH coins to the shown address, the information on the Exchange page will be renewed automatically. The Exchange page has several statuses that will change during the time of the exchange.

• The first status is Awaiting deposit.
• The following status is Confirming. This means that StealthEX is confirming the transaction you made.
• The next status is Exchanging. During this time the exchange is being made.
• Then the status will be changed to Sending to your wallet. This indicates that there are just a few minutes left until you will receive your BNB coin.

Finally, you will be redirected to the Finish page. This shows that the exchange has been successfully made and you will receive crypto to the address provided. To be sure that BNB coins were sent to your wallet you can also use the Output hash shown on this page and check it in the blockchain list of transactions.

From here you can either create a new exchange on StealthEX.io or leave the page and check your Binance coin wallet to be surprised at how fast you got BNB crypto. Usually, the process is quite rapid so you won’t need to wait long.

Keep reading StealthEX’s article to learn more about BNB innovative blockchain and BNB crypto. 

Binance Coin is an ERC-20 token that was issued as part of an initial coin offering (ICO) to be used for discounted trading costs, with a percentage of the tokens burned every quarter. During the ICO, all 100 million BNB tokens available for public sale were sold for 10-15 cents each. Binance raised a total of $15 million in Bitcoin (BTC) and Ethereum (ETH) from their ICO.

Binance Coin Features

At the moment, BNB coin has several essential advantages.

1. Low cost. It is advantageous to buy BNB coins due to their affordability. Even though this cryptocurrency is as stable as ETH or BTC, it’s not as expensive, and you can buy BNB with a limited budget.
2. Supply and demand. These factors affect this cryptocurrency significantly. 161 million coins are already on the market. Demand is increasing and supply is decreasing, which will be excellent for coins in the future.
3. Public fund. The Binance team has created one of the safest tokens worldwide due to its ease of use and high withdrawal limit. Due to BNB’s lowest safety issues, investors trust it.
4. Growth. As this exchange becomes more frequently used, the number of BNB holders increases. Its infrastructure is comparable to Bitcoin in terms of reliability.

Holders of BNB with Binance accounts can access discounted fees on the exchange. That means demand for the token is linked to demand for the exchange’s services. Therefore, buying BNB can be seen as a bet on the success of the exchange, in a similar way to buying a share in a company, except that owning the token comes with no ownership rights in the exchange.

The success of the BNB Chain contributes to rallies in the price of BNB because the token is needed to pay transaction fees on the chain. Anyone wanting to do business on the chain needs BNB tokens. In addition to its core centralized exchange, Binance has also built a decentralized exchange on the BNB Chain.

How Does BNB Work?

BNB Chain works on a proof-of-stake authority (PoSA) consensus mechanism, meaning its validators are limited to a small number of the largest stakers in the system on any given day. Currently, that number is 21. Ethereum 2.0’s proof-of-stake mechanism only requires each participant to stake 32 ETH, meaning a much larger number of stakers are involved in the validation process. BNB Chain’s method is how the system manages to be cheaper and faster than Ethereum but does so in exchange for greater centralization.

BNB Burning

Binance spends some of its revenues each quarter to purchase back and burn Binance Coins, totally eliminating them. Quarterly burns on Binance have been running continuously since 2017.

Binance will continue burning BNB coins every quarter until it has purchased and destroyed 100 million Binance coins, or half of its original maximum supply. The process decreases Binance Coin’s supply and affects its rarity, which can potentially affect the asset’s value. 

Binance also has something called the BNB Pioneer Burn Program, which evaluates certain instances in which BNB holders unrecoverably lost BNB, and repays them, deducting the amount from the next BNB burn. In eligible cases, users who lose tokens may be able to put them towards the official ‘burn’ count and get reimbursed with new BNB. Eligible cases include honest mistakes concerning tokens worth more than $1,000 but less than the planned ‘burn’ volume.

BNB Coin Price Prediction

BNB is tied to the performance of the exchange. In general, BNB’s price has historically fluctuated in a fashion similar to other crypto assets trading on the market. Binance Coin’s market cap has grown over the years, surpassing a valuation of $70 billion.

At the moment BNB coin was launched it cost very little, however, since then, its price has skyrocketed as Binance became one of the most trusted crypto exchanges. The platform has gone through many changes in a short time, and now it’s the largest cryptocurrency exchange worldwide. Since it conducts different competitions and giveaways regularly and adds new digital assets to the platform as soon as they are released, more and more users join this platform. All these factors increase BNB price.

Along the way the world’s most popular crypto platform faced a few setbacks that influenced the coin’s price. The United Kingdom Financial Conduct Authority, for example, ordered Binance to cease all U.K. regulated operations. in June 2021 because it lacked the necessary authorization, registration, or license. Similarly, Malaysian authorities responded by filing a criminal complaint against Binance for operating as an unauthorized virtual asset service provider the following month. Additionally, Binance faced regulatory action from a number of regions in 2021 including the Cayman Islands, Japan, Malta, Netherlands, and Thailand.

Nonetheless, as the platform grew into one of the largest players in the crypto space, its token also maintains high positions worldwide.

According to PricePrediction.net, BNB coin will cost at least $1,037.42 in 2025 and it will get over $9,947.12 in 2031. DigitalCoinPrice predicts that in 2031 the price of Binance’s token will rise to $5,328.42 on average. So BNB might become a profitable asset for your transaction.

Buy BNB on StealthEX

And by the way, don’t forget that now our users can purchase cryptocurrencies using fiat and we still offer the opportunity to buy crypto at fixed rates!

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