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: BTC 42.036
- Min. deposit: $200
- Regulator: ASIC, CySEC, FSA, SCB, CMA-Kenya
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- Crypto Spread: 1.19 (BTC/USD) - during tests
- Platforms: MT5
- Min. deposit: $100
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- Crypto Spread: From 0 pip
- Platforms: MT4, MT5
- Min. deposit: $10
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- Crypto Spread: 0.05% BTC, 0.05% ETH
- Platforms: PXTrader 2.0, MT5, TradingCentral
- Min. deposit: $0
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- Crypto Spread: From 0.1
- Platforms: Web, MT4, MT5, cTrader
- Min. deposit: $10
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- Crypto Spread: From 0.0
- Platforms: Axi Copy Trading, MT4, AutoChartist
- Min. deposit: $0
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- 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.
- Bullwaves 3.9/5 Bullwaves offers range of 130+ crypto markets,including 10 crypto majors like BTC, 47 crypto minors, and 16 crypto-crypto pairs that we counted in the platform during testing. The web and desktop platforms also offer extensive charting features that will appeal to active crypto traders deploying short-term strategies.
- Ingot Brokers 4.3/5 You can access 25 cryptocurrencies paired with USD, including BTC/USD and ETH/USD as well as smaller tokens like DOTUSD. The broker doesn’t offer a crypto wallet or exchange, although you can deposit via Bitcoin, Ethereum or Tether with zero fees.
- PrimeXBT 4.2/5 Traders can speculate on popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Additionally, the broker continues to improve its offering by introducing Crypto Futures, with 101 new tokens added in 2025, as well as trading contests with real prizes.
- LiteFinance 4.0/5 LiteFinance offers a growing selection of 70+ cryptocurrencies, mostly paired with USD. The list includes some lesser-known tokens with lower market capitalization. However, traders will not directly buy and own the crypto tokens they trade.
- Axi 3.7/5 Axi provides 24/7 short-term trading opportunities on 30 popular cryptos paired with fiat currencies, other tokens and more unusually, metals. It also stands out with its high leverage up to 1:200 for advanced crypto traders, amplifying potential returns but also losses.
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 |
|---|---|---|---|---|---|
| IC | 2 | ||||
| Bullwaves | 668 | ||||
| Ingot Brokers | 57 | ||||
| PrimeXBT | 416 | ||||
| LiteFinance | 686 | ||||
| Axi | 8203 |
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
- As a tightly regulated and widely respected broker, IC prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
- 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.
- You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
Cons
- Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
- While IC offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
- Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
Bullwaves
Bullwaves may appeal to aspiring day traders looking for the MetaTrader charting platforms with a growing suite of research tools, including AI-powered market analysis. However, the limited track record and weak regulatory credentials raise questions about its reliability.
Christian Harris, Reviewer
Bullwaves quick facts
- Coins
- BTC, ADA, ALG, ATM, AVA, AXS, BAT, BCH, CAK, CRV, DOG, DOT, DSH, ETC, ETH, FIL, INC, IOT, LNK, LTC, NEO, NER, ONE, SAN, SHB, SOL, SUS, TON, TRX, UNI, VEC, XLM, XMR, XRP, XTZ, ZEC, BNB, AAV, ALI, ANK and many more
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 1.19 (BTC/USD) - during tests
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- MT5
- Minimum Deposit
- $100
- Regulator
- FSA
- Account Currencies
- USD, EUR, GBP
Pros
- Bullwaves now offers copy trading, allowing users to replicate the moves of traders across 900+ strategies with thin spreads from 0.01 pips.
- MT5 is supported (MT4 has been discontinued), giving day traders a leading charting platform with excellent backtesting capabilities.
- Some accounts (Classic and VIP) offer commission-free trading, which means users can execute trades without incurring costs beyond the spread.
Cons
- Bullwaves has limited education tools, reducing its appeal for beginners, especially compared to category leaders like IG that provide structured courses and interactive elements.
- Bullwaves operates without strong regulation in major jurisdictions, holding a license with one lower tier regulator, the Seychelles FSA, meaning it lacks oversight from reputable authorities to ensure compliance with strict financial standards.
- Day traders and scalpers will likely prefer the VIP or ECN accounts, but these require significantly higher starting deposits ($3,000 and $5,000) compared to many brokers offering similar trading conditions with lower entry barriers.
Ingot Brokers
Ingot Brokers is a good choice for day traders looking for a no-frills broker with a wide range of instruments. Experienced traders will appreciate access to the advanced MT5 platform, although beginners may be disappointed in the lack of educational resources.
William Berg, Reviewer
Ingot Brokers quick facts
- Coins
- BTC, ETH, LTC, BCH, XRP, DOT, EOS, LNK, DOGE, ADA, XLM, ATOM, AAVE, AVX, BNB, DASH, ENJ, FTM, MATIC, SNX, WAVE, XMR, XTZ, YFI, SOL
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- From 0 pip
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- MT4, MT5
- Minimum Deposit
- $10
- Regulator
- ASIC, CySEC, JSC, FSA, CMA-Kenya
- Account Currencies
- USD, EUR, GBP, AUD
Pros
- Ingot Brokers offers a copy trading service with passive income opportunities for experienced strategy providers
- Multiple free payment methods are available, including bank transfers and crypto payments
- Traders can access the market-leading MT4 and MT5 platforms, collectively offering dozens of advanced technical indicators and charting tools for detailed analysis
Cons
- Despite improvements in the Resources Hub, the broker’s education and market research still trail many competitors
- The range of 30+ currency pairs is below the industry average and won’t be sufficient for serious forex traders
- The ECN account offers fewer assets than the other account types
PrimeXBT
PrimeXBT is suited to aspiring traders looking for crypto derivatives alongside traditional markets like forex and indices, all tradable on an intuitive, web-based platform. The copy trading solution is also ideal for hands-off traders with 5-star ratings and performance graphs to help you find traders that align with your preferences and risk appetite.
William Berg, Reviewer
PrimeXBT quick facts
- Coins
- BTC, LTC, ETH, XRP, EOS, ADA, DOT, SOL, UNI, LINK, DOGE, BNB, ICP, SAND, PAXG, andmore
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 0.05% BTC, 0.05% ETH
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- PXTrader 2.0, MT5, TradingCentral
- Minimum Deposit
- $0
- Regulator
- FSCA, FSC, FSA, CNAD
- Account Currencies
- USD, EUR, GBP
Pros
- The web platform and app were built for technical traders with advanced charting features, a customizable layout and multiple order types including one-cancels-the-other (OCO).
- Maker and taker fees of at 0.01% and 0.02%, respectively, for crypto futures contracts are highly competitive within the industry.
- PrimeXBT seriously bolstered its suite of Crypto Futures in 2025, now offering over 200 tokens spanning AI, NFTs, Metaverse, Layer 1 &2, and more.
Cons
- Support response times and the choice of channels could be improved to provide active traders with quicker, more comprehensive assistance.
- Despite improvements like 7 metal additions, the around 350+ instruments still trails competitors, notably OKX with its 400+ assets.
- Although there's a wide selection of educational articles, including covering charting analysis for short-term strategies, there lacks more engaging and interactive resources like videos and quizzes.
LiteFinance
LiteFinance will suit traders seeking a long-standing broker to trade forex, stocks, commodities, indices, cryptocurrencies, and newer assets like equity perpetuals. The social trading system will also suit investors looking to learn from seasoned traders, though careful risk controls are required when copy trading.
Tobias Robinson, Reviewer
LiteFinance quick facts
- Coins
- AAV, ADA, ALG, ALI, ATO, AVX, AXS, BCH, BNB, BTC, BTG, COM, DGE, DOT, DSH, ENJ, EOS, ETH, FIL, ICP, ILV, ITA, KAV, LNK, LTC, LUN, MKR, MNA, MTC, NEA, NEO, OMG, QTM, SIA, SND, SOL, STX, THT, TRX, UNI and many more
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- From 0.1
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- Web, MT4, MT5, cTrader
- Minimum Deposit
- $10
- Regulator
- FSC
- Account Currencies
- USD, EUR
Pros
- Great trading platform support with MT4, MT5 and a proprietary app
- Automated trading via APIs
- Social trading service
Cons
- Some complaints online about difficulties withdrawing funds
- Wide spreads on the Classic account
- Not overseen by any top-tier regulator
Axi
Axi is a stand-out option if you want to day trade forex on the MetaTrader 4 platform thanks to the broker’s growing selection of 70+ currency pairs, the MT4 NextGen upgrade, and tight spreads from just 0.2 pips if you opt for the Pro account.
Christian Harris, Reviewer
Axi quick facts
- Coins
- BCH, BNB, BTC, LTC, OMG, FTT, BTC, BCH, DOG, LTC, XLM, AAVE, COMP, LRC, MKR, SUSHI, UNI, BAT, CRV, ENJ, LNK, MANA, MATIC, SAND, XRP, LNK, XRP, KSM, AVAX, ETH, SOL, XTZ, ADA, DOT, EOS
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- From 0.0
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- Axi Copy Trading, MT4, AutoChartist
- Minimum Deposit
- $0
- Regulator
- FCA, ASIC, FMA, DFSA, FSC
- Account Currencies
- USD, EUR, GBP, CHF, PLN
Pros
- Axi introduced an intuitive AI trading feature in 2026 that enables MT5 users to manage accounts and configure trades directly through Claude in a large step towards agentic trading.
- Axi offers a terrific MT4 experience, enhanced with the NextGen plug-in for advanced order management and analytics, and complete with low execution latency of approximately 30ms.
- Axi's latest copy trading app is really intuitive based on our tests with useful filtering options to match strategies with individual risk preferences.
Cons
- Axi is falling behind by only offering MT4 when many rivals now support MT5, cTrader, TradingView and proprietary software for a slicker experience with more advanced tools.
- Despite performing well whenever we use it, Axi's support is unavailable 24/7, which can be inconvenient for traders in different time zones or those needing assistance outside standard trading hours.
- Despite bolstering its stock CFDs in US, UK and EU markets, it’s still nowhere near as extensive as firms like BlackBull which offer thousands of equities for diverse opportunities.
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.