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: 30 (BTC)
- Min. deposit: $0
73-89% of retail investor accounts lose money when trading CFDs -
- Crypto Spread: BTC 42.036
- Min. deposit: $200
- Regulator: ASIC, CySEC, FSA, SCB, CMA-Kenya
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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: From 0.04%
- Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
- Min. deposit: $0
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- 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
Learn how we test brokers and why you can trust our ratings.
Here is a short summary of why we think each broker belongs in this top list:
- Pepperstone 4.8/5 Pepperstone continues to prove itself as one of the most trusted crypto CFD brokers. Although its selection of digital tokens is average, you can trade popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage, while its crypto indices provide a holistic view of the digital currency markets not found on most day trading platforms. It has also launched a dedicated crypto exchange in Australia - Pepperstone Crypto.
- IC 4.8/5 IC offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access leverage in the MetaTrader platforms.
- 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.
- Fusion Markets 4.6/5 Fusion Markets offers the best-known crypto tokens paired with USD, and up to 1:10 leverage depending on your location. Bitcoin spreads are competitive starting from 0.04%, while it shines for its top-notch charting tools in MT4, MT5, cTrader and TradingView.
- 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.
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 |
|---|---|---|---|---|---|
| Pepperstone | 3733 | ||||
| IC | 2 | ||||
| Eightcap | 3910 | ||||
| Fusion Markets | 10435 | ||||
| FBS | 10301 | ||||
| BlackBull | 3520 |
Pepperstone
Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/5 support (18h a day on weekends).
Christian Harris, Reviewer
Pepperstone quick facts
- Coins
- BCH, BTC, ETH, LTC, DASH, ADA, LINK, DOGE, EOS, DOT, XRP, XLM, XTZ, UNI, BNB
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 30 (BTC)
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView
- Minimum Deposit
- $0
- Regulator
- FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- After adding spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools for financial spread bettors in supported countries.
- Offers a dedicated CopyTrading app for traders who want a less active approach to trading, available in some countries.
- Pepperstone has greatly improved the deposit and withdrawal experience in recent years, adding Apple Pay and Google Pay in 2025, as well as PIX and SPEI for clients in Brazil and Mexico in 2024.
Cons
- Overnight holding fees are higher than that found with some Market Maker brokers (usually Benchmark + 2.5%). This makes pepperstone an ideal broker for day traders and forex scalpers but less suitable for swing traders who often keep position open overnight.
- Pepperstone has removed support for several tools that elevated the trading experience for active retail traders, notably Autochartist, Capitalise.ai and a free VPS for qualifying traders (now only pro traders in some countries).
- Despite improvements to its range of markets, crypto CFD offerings are still fairly limited compared to other brokers who focus on this area, such as Eightcap, and there's no option to invest in real coins.
IC
IC (formerly IC Markets) offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.
Christian Harris, Reviewer
IC quick facts
- Coins
- BTC, BCH, DOT, DSH, EMC, EOS, ETH, LNK, LTC, NMC, PPC, XLM, XRP, ADA, BNB, DOG, UNI, XTZ
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- BTC 42.036
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
- Minimum Deposit
- $200
- Regulator
- ASIC, CySEC, FSA, SCB, CMA-Kenya
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- IC secured DayTrading.com's 'Best MT4/MT5 Broker' in 2025 for its seamless, industry-leading MetaTrader integration, refined over years to maximize the platform experience.
- IC offers fast and dependable 24/7 support based on firsthand experience, particularly when it comes to accounts and funding issues.
- IC offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
Cons
- The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
- There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
- Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
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
- Eightcap Challenges, the broker's prop trading firm, is multi-regulated, removing the third-party risks we commonly see with white-label prop firms, and its tailoring its funded accounts to crypto traders with around 150 crypto pairs, plus it's integrated into the TradingView interface.
- After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
- 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.
Cons
- 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.
- Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
- 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.
Fusion Markets
Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC.
Jemma Grist, Reviewer
Fusion Markets quick facts
- Coins
- BTC, BCH, ADA, ETH, LTC, EOS, XLM, DOT, LNK, AVAX, SOL, MATIC, DOGE, BNB
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- From 0.04%
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- MT4, MT5, cTrader, TradingView, DupliTrade
- Minimum Deposit
- $0
- Regulator
- ASIC, CySEC, VFSC, FSA
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- Fusion Markets is set up to support algo traders with a sponsored VPS solution and a 25% discount if you opt for the NYC Servers VPS for MT4 or cTrader.
- Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active day traders.
- Fusion Markets offers best-in-class support with very fast, friendly and helpful responses during tests and no frustrating automated chatbot to navigate.
Cons
- There is no proprietary trading platform or app built with beginners in mind, a notable drawback compared to AvaTrade.
- Traders outside of Australia and Europe must sign up with weakly regulated global entities with limited safeguards, though in August 2026 they made negative balance protection available to all eligible accounts.
- Fusion Market trails alternatives, notably IG, in the education department with limited guides and live video sessions to upskill new traders.
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
- FBS strikes the balance between robust features and ease of use, with a sign-up process taking <10 minutes, an intuitive app, advanced research through Market Analytics & more recently VIP Analytics, plus immersive education through the FBS Academy and Trader’s Blog.
- The trading firm has picked up over 90 awards and amassed more than 27 million clients, making it one of the largest and most established brokers globally.
- 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.
Cons
- 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.
- 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.
- 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.
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
- BlackBull offers every ingredient for day traders; fast execution speeds of <100ms and tight spreads from 0.0 pips.
- 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.
- With two ECN-powered accounts (Standard and Prime), plus Prime+ - an active trader rewards program offering trading rebates - BlackBull accommodates beginners through to high-volume active traders.
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.
- 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.
- 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.
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.