Binance Coin is one of the largest cryptocurrencies. Trading BNB has increased over the years alongside wider crypto growth trends. This thise will outline the basics of the Binance Coin, what it is, and how it works. We’ve also vetted and listed the best exchanges and trading platforms with BNB.
Note: BNB was originally launched as Binance Coin. It’s now primarily branded as BNB, which Binance describes as standing for “Build and Build” (sometimes written “Build’n’Build”).
Top-Rated Binance Coin Brokers and Exchanges
After logging into their platforms to confirm they offer BNB, and evaluating the trading conditions, these brokers came out on top:
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- Crypto Spread: $12 (BTC)
- Platforms: MT4, MT5, TradingView, TradeLocker
- Min. deposit: $100
71.28% of retail traders lose money when trading CFDs -
- Crypto Spread: 19.75 (BTC/USD)
- Platforms: FBS App, MT4, MT5
- Min. deposit: $5
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- Crypto Spread: 12 average (Bitcoin)
- Min. deposit: $0
- Regulator: FMA, FSA
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- Crypto Spread: BTC 1%
- Crypto Staking
- Platforms: eToro Web, CopyTrader, TradingCentral
61% of retail CFD accounts lose money. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. -
- Crypto Spread: Variable
- Platforms: MT4, MT5
- Min. deposit: $0
84.6% of retail CFD accounts lose money. -
- Crypto Spread: 0.22%
- Platforms: xStation
- Min. deposit: $0
75% of accounts lose money when trading CFDs with this provider.
Learn how we test brokers and why you can trust our ratings.
This is why we think these brokers are the best in this category in 2026:
- Eightcap 4.6/5 Eightcap’s crypto offering is best-in-class with 120+ crypto derivatives, surpassing that of almost every alternative. Testing also reveals Bitcoin spreads of 12 pips, coming in lower than most competitors. Add in convenient deposits and withdrawals in digital currencies, and Eightcap offers the complete package for serious crypto traders.
- FBS 4.3/5 FBS offers trading on crypto/metal, crypto/crypto or crypto/fiat pairs, making the broker a great pick for traders looking to diversify their digital asset portfolios. Spreads are also reasonable, averaging around 20.0 for BTC/USD.
- BlackBull 4.5/5 BlackBull excels for active traders interested in trading crypto. It has grown its selection of cryptocurrencies, now providing 27+ digital tokens, including Bitcoin, Ethereum, and Trump, with all cryptos paired with USD. But pricing is where it excels, with testing revealing average spreads of around 12 on BTC/USD - less than half that of competitors like Eightcap, plus there’s no commission, making it considerably cheaper than most crypto CFD brokers. BlackBull also offers separate well-presented crypto guides for beginner, intermediate and advanced traders. Up to 1:100 leverage is available on cryptos.
- eToro 4.0/5 eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 100+ tokens which is continually being updated, including 29 new tokens in April 2025, from AI to memecoins. It also brought in crypto staking in 2025, allowing users to earn rewards for HODLing digital assets. Crypto investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here.
- FXCC 4.6/5 FXCC has ramped up its range of cryptocurrencies for trading, going from under 10 to more than 30. There are no restrictions on crypto day trading strategies with Expert Advisors (EAs) permitted. Digital currencies can be traded 24/7 with no commission and leverage up to 1:20.
- XTB 4.8/5 XTB offers an excellent selection of cryptos with more than 50 digital currencies. Spreads are tight starting from 0.22% on BTC and leverage reaches 1:5. The xStation platform also provides intra-crypto pairs like ETH/BTC and DSH/BTC. With the capability to trade cryptos 24/7, XTB ensures a secure environment with transparent accounts for cryptocurrency day trading.
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Eightcap | 3910 | ||||
| FBS | 10301 | ||||
| BlackBull | 3520 | ||||
| eToro | 32310 | ||||
| FXCC | 225 | ||||
| XTB | 3059 |
Eightcap
Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.
Christian Harris, Reviewer
Eightcap quick facts
- Coins
- BTC, ETH, LTC, BCH, XRP, XMR, DSH, EOS, XLM, ADA, TRX, DOGE, BNB, DOT, MATIC, VET, AXS, NEO, SOL, UNI, AAVE, KSM, THETA, CAKE, SUSHI, ATOM, XTZ, SNX, COMP, FLOW, EGLD, PUNDIX, RAY, ZIL, QTUM, BAND, OMG, FIDA, BADGER, NEAR and many more
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- $12 (BTC)
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- MT4, MT5, TradingView, TradeLocker
- Minimum Deposit
- $100
- Regulator
- FCA, ASIC, CySEC, FSC, SCB, FSA
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SGD
Pros
- With tight spreads from 0 pips, low commission fees, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.
- Eightcap has brought in GOLD247 for 24/7 trading opportunities on a gold/USD CFD with leverage up to 1:20, minimum trade size of 0.01 lots, and no commission, appealing to weekend traders interested in the precious metal.
- Eightcap stands out with a selection of powerful trading tools and resources, including MT4 and MT5, and more recently the 100-million strong social trading network TradingView.
Cons
- In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
- Eightcap needs to continue bolstering its suite of 800+ instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
- The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
FBS
FBS is an excellent choice for day traders at every level and budget, with just a $5 minimum deposit and intensive academy for aspiring traders alongside access to MT4 and MT5.
Christian Harris, Reviewer
FBS quick facts
- Coins
- BCH, BTC, ETH, LTC, XRP, TRX, DOGE, SOL, XLM, BNB, ETC, ADA, DOT, LINK, UNI, SHIB, AVA, TON
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 19.75 (BTC/USD)
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- FBS App, MT4, MT5
- Minimum Deposit
- $5
- Regulator
- ASIC, CySEC, FSCA, FSC
- Account Currencies
- USD, EUR, AUD
Pros
- The introduction of the FBI Assistant has given active traders useful, AI-powered intelligence to assess charts and patterns with potential trade ideas that can be executed in one click.
- FBS offers lightning-fast execution speeds from just 10 milliseconds, placing it among the industry leaders for highly active traders like scalpers who demand rapid order processing.
- 24/7 customer support that performed excellently during testing is available, alongside a $5 minimum deposit, and a huge variety of 200+ funding options, making it ideal for traders with small accounts.
Cons
- There are limited currencies available - primarily EUR and USD, AUD - which isn't practical for minimizing currency conversion fees for many global traders, and is especially striking given the broker’s user base spans over 150 nations.
- Despite enhancing the selection of currency pairs, now providing over 70, FBS still trails industry leaders like BlackBull Markets in its market offering with a particularly narrow selection of commodities and indices.
- Although the FBS app offers a terrific mobile trading experience for aspiring traders and MT4/MT5 cater to advanced traders, the absence of cTrader and TradingView, which are increasingly offered by alternatives like Pepperstone, will deter day traders familiar with these platforms.
BlackBull
After improving its trading infrastructure with Equinix servers in London, reducing latency for traders, BlackBull is an obvious choice if you want to day trade stock CFDs with ECN pricing. With competitive spreads and no commission on a growing roster of digital tokens paired with USD, BlackBull also works for active crypto traders.
Christian Harris, Reviewer
BlackBull quick facts
- Coins
- BTC, ETH, SOL, XLM, XRP, BCH, ADA, SUI, TRUMP, LNK, DOT, DOGE, AAVE, AXS, HED, LTC, TRX, UNI, PYTH, ARB, BNB, AVAX, NEAR, ILV, ATM, INJ, POLY
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 12 average (Bitcoin)
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
- Minimum Deposit
- $0
- Regulator
- FMA, FSA
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
Pros
- BlackBulls’s research is superb, especially the daily ‘Trading Opportunities’ articles that break down complex market movements into easy-to-understand insights, making it simpler to capitalize on emerging trends.
- BlackBull is a much greater fit for aspiring traders following the overhaul of its ECN Prime account, now featuring improved spreads averaging 0.16 on EUR/USD and a more accessible minimum deposit of $0 compared to the old $2,000.
- BlackBull offers every ingredient for day traders; fast execution speeds of <100ms and tight spreads from 0.0 pips.
Cons
- Unlike most top brokers, BlackBull charges an irritating $5 withdrawal fee, which can detract from the overall cost-effectiveness, especially for active traders who frequently move funds.
- Although the Education Hub now features improvements like webinars and tutorials, the courses we’ve explored need more focus on explaining the wider economic factors influencing prices.
- Despite a growing selection of 2,180+ assets, including additions to its Asia Pacific indices, they are mainly stocks with an average selection of currency pairs and indices.
eToro
eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers.
Christian Harris, Reviewer
eToro quick facts
- Coins
- BTC, ETH, BCH, XRP, DASH, LTC, ETC, API3, CRO, SKL, IMX, ADA, MIOTA, XLM, EOS, NEO, TRX, ZEC, BNB, XTZ, DOT, MKR, COMP, LINK, UNI, YFI, DOGE, AAVE, FIL, ALGO, ATOM, MANA, APE, LRC, ENJ, BICO, BAT, BNT, OGN, MATIC and many more
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- BTC 1%
- Crypto Lending
- ✘No
- Crypto Staking
- ✔Yes
- Platforms
- eToro Web, CopyTrader, TradingCentral
- Minimum Deposit
- $50
- Regulator
- FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC
- Account Currencies
- USD, EUR, GBP, AUD, DKK
Pros
- The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat that we love using.
- There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses.
- The eToro Club entry barrier has been lowered, with a $4.99/month subscription providing access to 18 perks, including a debit card that turns shopping into equities with 4% back in shares.
Cons
- There are no guaranteed stop loss orders which would be a useful risk management feature for beginners.
- There are limited contact methods aside from the in-platform live chat.
- The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software.
FXCC
FXCC continues to prove itself an excellent option for day traders with a particularly strong selection of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and a free VPS for qualifying traders.
Jemma Grist, Reviewer
FXCC quick facts
- Coins
- BTC, BCH, ETH, LTC, XMR, DASH, XRP, ALG, ATO, AVE, AVX, AXS, BNB, BSV, CKE, DOT, ENJ, FTM, LNK, MEL, MNA, MTC, SHB, SND, SNX, SOL, TRP, UNI, WAV, XTZ, YFI
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- Variable
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- MT4, MT5
- Minimum Deposit
- $0
- Regulator
- CySEC, MISA
- Account Currencies
- USD, EUR, GBP, CAD
Pros
- Customer support still relies on human agents with response times of under three minutes on live chat during our tests and knowledgeable reps - a welcome break from the frustrating AI chatbots increasingly offered by brokers.
- FXCC’s ECN XL account has been built with active traders in mind, featuring spreads from 0.0 with no commission, while also passing our execution speed benchmark for day traders.
- FXCC has stepped up its offering over the years, adding MT5 to its suite of platforms, hundreds of stocks and more cryptos to its product line-up, plus a copy trading feature and greater margin trading opportunities.
Cons
- Although regulated by the CySEC, FXCC’s offshore entity operates with weak regulatory oversight from MISA and may not provide safeguards like investor compensation in the event of broker insolvency.
- Although the economic calendar has benefited from a facelift, FXCC still offers very little in terms of market research beyond basic daily technical analysis and aggregated market news, with no tools like Autochartist or social sentiment data.
- FXCC charges steep withdrawal fees on many of its payment methods, including $45 for bank transfers and 2% crypto transfers, which may cut into the returns of traders making regular withdrawals.
XTB
XTB stands out as a top choice for new day traders with the terrific xStation platform, low trading costs, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform.
Christian Harris, Reviewer
XTB quick facts
- Coins
- ADA, BTC, BCH, DSH, EOS, ETH, IOTA, LTC, NEO, XRP, XLM, TRX, XEM, XLM, XMR, DOGE, BNB, LINK, UNI, DOT, XTZ
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 0.22%
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- xStation
- Minimum Deposit
- $0
- Regulator
- FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti
- Account Currencies
- USD, EUR, GBP
Pros
- First-class 24/5 customer support is available, including a friendly live chat with response times of under two minutes during testing.
- XTB offers fast withdrawals with payment within 3 business days, depending on the method and amount.
- Opening an XTB account is a hassle-free, entirely online process that takes just a few minutes, making the entry into day trading smooth for new traders.
Cons
- Trading fees are competitive with average spreads of around 1 pip on the EUR/USD but still trail the cheapest brokers like IC Markets, plus there's an inactivity fee after 12 months.
- XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads.
- XTB discontinued support for MT4, limiting traders to its proprietary platform, xStation, potentially deterring advanced day traders familiar with the MetaTrader suite.
What Is Binance Coin?
The Binance Coin is a crypto token available for trading via Binance and other exchanges. It is represented by the symbol/ticker BNB. The crypto exchange is one of the largest in the world, with millions of transactions per second and billions in USD daily trading volumes.
The main uses of BNB include:
- Transaction fees payable on the Binance Chain and Smart Chain
- Participation in ICO’s hosted on the Binance Launchpad programme
- Purchasing goods and services online using the Binance Card or Binance Pay
- Payment for trading fees on the Binance exchange and Binance DEX (decentralized exchange)
Binance Coin terminology varies by the blockchain network. Name listings include:
- BNB BEP-2 – Binance Chain
- BNB BEP-20 – Binance Smart Chain
- BNB ERC-20 – Ethereum Network
Review the official white paper report to learn more about the Binance Chain.
History Of Binance Coin
The Binance crypto exchange was launched in 2017 in China by founder Changpeng Zhao. The coin was developed in July of that year, originally created for the Ethereum blockchain, before becoming the origin of Binance’s blockchain. A BNB ICO was held later that year, with each token sold at a starting price of 15 cents, raising $15 million.
The Binance Coin was introduced on its launch date as a utility token, halving trading fees on the platform and ensuring price liquidity for customers. Unlike competitors such as Bitcoin, Binance did not offer fiat to crypto coin markets e.g. USD or GBP to Bitcoin.
The interest and price history of the coin has supported the growth of the exchange, subsequently enabling new listings including PAX Gold in 2020. The coin today is used as a vote token, allowing users to select new coins to be listed on the Binance platform.
The total supply limit of BNB is capped at a maximum of 200 million tokens, with plans for quarterly burn cycles to stabilise future prices by reducing the quantity available in the market. This is different vs Ethereum which has no hard cap. This also means there are no coins available for mining.
Binance Coin Trading Chart
Why Trade Binance Coin?
The interest in trading Binance Coin continues to rise, with usage benefits aiding its popularity.
Fee Discount & Rewards
Binance Coin investors can benefit from reduced trading fees (up to 50% discount) if exchange fees are paid in BNB. A rewards programme is also available for users with a certain value of BNB held in a wallet. Other initiatives include exclusive access to the ‘launchpad lottery’ to invest in new crypto projects or ICOs reviewed by Binance experts. Expectations for other financial rewards when trading BNB are expected in the future.
Repurchase Plan
The platform follows a circulation plan, helping to maintain a sustainable value. The maximum supply cap will help ensure the future of the coin.
Trust
The Binance platform provides an easy-to-use network and high withdrawal limits with minimal security issues to report. This helps make BNB one of the more trusted crypto coins, though that bar is low.
Use the Binance Coin Chain Explorer to view wallet balances and browse transaction information on the blockchain. It is supported through affiliation with the NEO coin and follows the ERC 20 principles.
Accessibility
Trading Binance Coin is available 24 hours a day, 365 days a year. You can utilise pricing alerts or trading robots for automated investing support and monitor market conditions using economic calendars. Customer service reviews are positive, solving issues such as what to do if your Binance Coin has disappeared from a wallet.
Low Cost
BNB can be freely traded on the Binance platform making it a more affordable coin vs the likes of Bitcoin, Litecoin, and Cardano. Maximum fees are just 0.1% per trade if BNB is not used.
Yield Farming
Yield farming is a method of earning rewards as passive income with cryptocurrency holdings using liquid protocols. Earn up to 10% APY when yield farming BNB.
The Future Of The Binance Coin
Technical analysis of the Binance Coin suggests the crypto could have long-term investment potential. Some believe there will be a significant rise in the long-term value of the cryptocurrency.
5-year prediction chart data from digitalcoinprice.com suggests the average price may increase +244% by 2025 with an all-time high value reaching $1,000 before 2030.
Risks Of Trading Binance Coin
BNB pricing history and chart analysis may inform investment decisions, however, cryptos are extremely volatile and nobody can accurately predict what may happen in the future. Digital assets are subject to higher levels of price volatility due to minimal regulation and smaller market sizes.
Some recommend not holding coins on any exchange platform after purchasing. Exchanges are more susceptible to hacking so move coins when you can. You could make use of hard wallets to store, send and receive BNB. Recognised systems include Trezor and Ledger Nano X.
Another key disadvantage of investing in the Binance Coin is its centralised structure, known as closed-source. This acts as a hurdle for the coin’s future outlook, affecting its availability to be listed on other exchanges, or entering new markets.
Also, the low withdrawal and transfer fees, plus discounted trading rewards may eventually lose competitiveness as key alternatives start following suit.
Binance Trading Strategies
Day Trading
Arguably the most active strategy for crypto investments, day trading crypto involves exploiting intraday price movements by entering and exiting trades within a 24-hour window. Use technical analysis to predict future market behaviour based on previous price action. This can help identify key trends and trading opportunities.
Position Trading
Position trading involves directional trend analysis, typically holding a trade for up to a few months. BNB investors can enter long positions in an upward trend or short positions in a downward trend.
Fundamental analysis may be used in this instance. This involves exploring microeconomic and macroeconomic settings that may impact the market. With that said, always consider the trend jump possibility, especially in the volatile crypto environment.
Range Trading
This strategy involves using support and resistance levels and candlestick chart analysis to review potential entry and exit points. Positions can be entered manually, buying at support and selling at resistance. Binance Coin traders can also make use of RSI indicators, among a suite of other tools on popular charting software, such as MT4.
How To Trade Binance Coin
How & Where To Buy
BNB is available on the Binance exchange and some other firms.
Crypto Coin Transfer
If you already own other cryptocurrencies such as Ripple (XRP) or Litecoin (LTC), you can swap and exchange coins for an equivalent value of BNB. Simply create an account on Binance or a supporting exchange.
To exchange other coins for BNB on Binance:
- Type the international coin symbol into the search box and copy the address provided
- Send the coins to the address copied from your Binance account
- After exchange confirmations are completed, funds will appear in your balance
- Then access the ‘exchange’ tab in the Binance trading platform and simply select the crypto coin to trade it for BNB
Purchase Binance Coins
You can purchase BNB directly through Binance with accepted debit/credit cards (fees apply). Other methods include purchasing BNB with fiat currencies such as the Euro or US Dollar on exchanges. Note, platform access depends on residency.
Note, traders can use data sources or an exchange rate calculator accessible on CoinGecko to see daily cost rates for 1 Binance Coin, or fees for conversion to other fiat currencies such as INR, PKR, or NGN.
What To Do After Purchasing BNB
- Donate – BNB donations can be used for Binance charity projects
- Spend – Pay for trading fees or purchase goods and services online
- Store – Hold onto Binance Coin in a wallet for a potential increase in value
- Trade – Exchange BNB for 150+ cryptocurrencies on the Binance platform
- Send – Send BNB to anyone, anywhere with a one second block confirmation time
Bottom Line
Binance Coin is an accessible digital asset with optimistic future price predictions. The established circulation plan may sustain the future of the coin, though there is no guarantee.
FAQ
Is The Binance Coin A Stablecoin?
Binance Coin is not a stablecoin. Binance does offer two fiat-backed stablecoins; BUSD pegged to the US Dollar (USD) and BGBP pegged to the Great British Pound (GBP). The first fiat-backed cryptocurrency, Tether (USDT), was created in 2014.
Is Binance A Coin Wallet?
Binance offers a free-to-use multi-asset crypto coin ewallet called the Trust Wallet. The app is available to download to iOS and Android devices. The service supports staking, a live coin price chart, and historical data graph access. Third-party coin wallet MetaMask can also be used to store, send and receive Binance Coin and other ERC20 coins.