Where to Buy Binance Coin (BNB) with a Debit Card.
There’s quite a lot more out there in the crypto world outside Bitcoin and Ethereum. Here is where we introduce Binance Coin (BNB), a popular alternative “alt” coin. Wondering where to buy BNB with a debit card? That’s what we’ll touch on today, alongside a few other must-knows.
Read on to learn more about BNB, what it is, and how to make your first purchase.
What is BNB? Understanding the Coin and Its Ecosystem
Let’s start with the basics: what is BNB?
BNB is the native cryptocurrency that powers the BNB chain ecosystem. This includes the BNB Smart Chain (BSC), known for hosting decentralized applications (dApps). These are programs that run on the blockchain.
Why does the ecosystem need BNB? Here are a few key reasons:
Gas Fees: BNB is used for paying transaction fees, known as “gas fees.” This is required when interacting with dApps or making transfers on the BSC. Think of it like paying postage to send a package on the network.
DeFi and dApps: There is a whole ecosystem of dApps, including decentralized finance (DeFi) platforms, games, and non-fungible token (NFT) marketplaces — all built on BSC.
Think of BNB on the BSC as similar to Ethereum and its native cryptocurrency Ether (ETH). Of course, there are some key differences. This includes the speed and cost difference, with BNB offering faster and cheaper transactions.
How to Buy BNB with Your Debit Card via Bitcoin Depot Online
While BNB might not be the first on everyone’s must-have crypto list, it has historically held a top 10, if not top 5, position* (data from coinmarketcap.com) on the blockchain leaderboards in terms of market capitalization.
As such, it’s become a popular option for investors, traders, and users of BSC applications.
So, how can you buy BNB with a debit card? Bitcoin Depot has you covered. First, you’ll want to check out our buy online service.
