Buy BNB Australia

BNB token is a digital currency used for a variety of different network functions, including delegated staking on the authority validator, trading fee discounts, and participating on the Binance Launchpad. The total BNB supply is capped at 200 million, with an implemented burn mechanism that reduces the supply approximately every three months until it reaches 100 million.

BNB token is primarily used to pay for gas fees on the Binance Smart Chain. This is similar to how ETH is used on the Ethereum network. However, many people who buy BNB choose to hold it with the expectation that the price will increase in the future. Another use for Binance coin to provide liquidity on a decentralised crypto exchange.

Buying BNB in Australia is easy and you don’t have to sign up to the Binance exchange to deposit money and buy BNB in Australia. You can use multiple deposit methods and fiat currencies (AUD/NZD) to instantly buy, sell or trade Binance Coin and other cryptocurrencies in Australia using crypto exchanges. you can create a free trading account with Swyftx crypto exchange. To do this, you’ll need to provide your name, email address phone number. The next step in the process is to verify your ID. This process is typically instant and doesn’t require you to submit any documents to verify.

Once ID verification is complete, you can deposit Australian dollars directly from your bank account. You can deposit up to $50,000 AUD into your Swyftx account via bank transfer, POLi, PayID or debit card. Select how much BNB you wish to buy and click the ‘buy BNB’ button to execute an instant buy. Once you’ve purchased BNB, this will be automatically stored in your Swyftx wallet.

The best place to buy Binance Coin is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Binance Coin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

The price of Binance Coin is determined by the forces of supply and demand in the market. Similar to other assets, the price of Binance Coin is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Binance Coin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Swyftx does not allow you to directly buy Binance Coin with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy Binance Coin instantly.