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What is Binance Coin?

Binance Coin (BNB) is one of the fastest-growing cryptocurrencies in the industry. BNB has immigrated from the Ethereum network to a native blockchain called the Binance-chain. The purpose of the new blockchain is to create an alternative marketplace for issuing and exchanging digital assets in a decentralized manner. BNB fuels the Binance-chain and their Decentralized Exchange (DEX) as payment for fees. The token launched with a total supply of 200 million. Binance plans to use 20% of their profits each quarter to buy back Binance Coins and burn/destroy them from current circulation until the total supply reaches 100 Million. You can safely and reliably buy, sell, send, and store BNB at LiteBit.

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If you do not have a LiteBit account yet, you can easily create one, for free. You can sign up directly on our website or download our app. After that, you can instantly verify your identity with a valid passport or ID card. Having trouble? Our Customer Support is available to help you, 24/7. With the LiteBit app, you can trade anytime, anywhere with instant access to your portfolio.

How to buy Binance Coin?

We believe buying crypto like Binance Coin, should be made simple. To buy Binance Coin, you log in to your account in your browser or in your app. You can track the current rate of Binance Coin in your app, too. When you are satisfied with the rate of the cryptocurrency, you click on the crypto you want and hit the “Buy” button. And selling is just as easy! LiteBit offers multiple payment methods, like creditcard and SEPA payment.

Store Binance Coin Safely

At LiteBit, you get a personal and free wallet. A wallet is somewhat like a bank account. You can store your cryptos safely in your own wallet. After you have purchased Binance Coin, your crypto will show up in your wallet. Your wallet gets a unique wallet address, and you can both buy and sell your cryptocurrency from your wallet.

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