Choose BNB and proceed with trading. You will sell your ADA or XRP for BNB. When buying the BNB, you will use percentages to calculate how much you want of your money to be changed to BNB.

For instance, if you want all of the funds that you deposited to be converted to Binance coins, you will choose to sell 100%.

I Don’t Have any Cryptocurrency, How can I Buy Binance (BNB) Coins?

Since Binance doesn’t accept “real world” or fiat currencies like the USD or Chinese Yuan, you will need to buy some cryptocurrency first. It is recommended that you purchase the most liquid and stable currencies out there, such as:

• Bitcoin (Bitcoin Cash or Gold)
• Ethereum
• Litecoin
• Ripple

To do so, you will need to get them from a crypto exchange that is permitted in your country. For example, if you live in the USA, Australia, Singapore or Europe, you can use Coinbase. If you are located in another country, you should find a verified service that can serve you. Coinmama is one of the biggest exchanges in terms of reach.

Once you have your coins, you can head to Binance and follow the procedure outlined above.

Why Buy the Binance Coin? The BNB Qualities

Here are Some Great Reasons to Buy Binance (BNB) Coins

BNB is favorable in buying other coins in place of Bitcoin because it is quite affordable. You can freely trade BNB currency on the Binance platform.

Supply and demand determine the growth of the value of a currency in a digital exchange. Bitcoin gained value due to its 21 million supply cap. In the same way, 99 million BNB coins are already in the market, and with its fast spreading fame, its supply decreases. This will have a good effect on the coin’s future.

Binance is evidently one of the most trusted coins out there, due to its ease of operation and a high withdrawal limit of $30,000. Investors are drawing more confidence in BNB due to its minimal security issues. It was built with the robust, ERC 20 principles and its affiliation with the NEO coin has a direct impact on the growth of BNB.

As the Binance platform grows in value, BNB currency equally grows. It has infrastructure that is as strong as Bitcoin’s protocol.

Where to Buy and Store BNB?

BNB coins are available on the Binance Exchange and Ether Delta since it is ERC20 compliant. You can buy it from either source.

It is recommended that you do not keep the coins on any exchange platform after buying them. Immediately they hit your account. You should transfer it to a safe place – like a cold wallet. The reason for this is that exchanges are soft targets for hackers these days, and people with their coins stored on them are sitting ducks.

MyEtherWallet and Trezor Wallet are the best options available for safekeeping of the BNB coins when withdrawn from the active exchange.

The Future of BNB Token

The Binance Team has provided lots of incentives for people to adopt their tokens and use their exchange as the user default. It has used contests, rebates and more alluring methods to attract investors to use the platform.

Binance Coin Prediction

Many investors who are using BNB for trading and speculation are reaping the benefits of discounts through a healthy ROI. BNB exhibits all characteristics of a flourishing asset. Analytic simulation of the short-term returns, using Monte Carlo simulation shows more than a 50 percent likelihood that BNB will maintain healthy growth in 2018.

In addition, Binance periodical technical analysis indicates that the cryptocurrency is likely to be an excellent long-term object of investment. There is an anticipated rise in the long-term value of the crypto-coin, and a five-year price prediction for BNB is more than $31.978.

A Small Caveat

You need comprehensive historical data for making informed investment choices, as you would do in the stocks & bonds. Cryptocurrencies just like the fiat currencies are subject to economic tides and the global market volatilities.

The Last Word

The future of Binance is quite bright. As an exchange, it has ultra-fast speed. In fact, the technology underlying Binance is also powering more than 30 exchanges in Asia. The people running this company are very competent and have several hundreds of years of experience in finance between them. Its future outlook certainly seems to be bright.

As for the coin, it is something worth adding to your portfolio. The coins are quite compelling and when watched closely, can give nice returns. Just be sure not to invest more than you are comfortable with investing and “hodling”.