Buy BNB Australia

$0.00

0.00%

AUD

BNB

We charge a trading fee of 0.6% on all trades along with the spread

Global Rank

Current global rank based on market cap.

Market Cap

The total value based on current price x supply.

24Volume

The total value traded in the past 24hrs.

All Time High (ATH)

The highest dollar value 1 has sold for.

Trade Activity

The % of buy and sell on Swyftx within past 24hrs.

Global Rank

#0

Market Cap

$0.00

24hr Volume

$0.00

24hr Change

0.00%

What is Binance Coin?

BNB, otherwise referred to as ‘Binance Coin’ is the native utility token of the Binance exchange, the largest cryptocurrency exchange in the world. Since its inception in 2017, Binance has become one of the largest brands in the blockchain industry. Aside from being the largest crypto exchange, it has launched an entire ecosystem of crypto-related functionalities.

Binance coin is an integral component of this ecosystem. Initially, BNB started out as an ERC-20 token as it was built on the Ethereum network. However, after the launch of Binance Chain mainnet in April 2019, the BNB tokens were swapped from ERC-20 and the Ethereum blockchain to BEP-2 tokens and hosted on the Binance Chain instead. Running parallel to the Binance Chain is the Binance Smart Chain (BSC), an EVM-compatible network that relies on a new consensus mechanism called Parlia. Parlia is a Proof-of-Staked Authority (PoSA) consensus that has elements of both Proof-of-Stake (PoS) and Proof-of-Authority (PoA).

Binance coin (BNB) is one of the largest cryptocurrencies in the world by market cap. You can use Australian dollars when buying BNB coin on the Swyftx cryptocurrency exchange. Swyftx offers users a safe, secure, and easy-to-use platform to buy and sell BNB tokens and a number of other cryptocurrency coins.

What is BNB used for?

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.

How do I buy BNB in Australia?

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.

Why should I buy Binance Coin on Swyftx?

Swyftx is Australia’s top-rated crypto exchange, for those looking to trade BNB tokens and other digital currencies. Our trading platform has an abundance of features that makes it easy and fast to buy, sell and trade crypto in Australia. When you sign up for an account, you’ll enjoy low trading fees and spreads. You can trade hundreds of other cryptocurrencies from the convenience of your mobile phone or on your desktop. Our personalised customer support team are here to guide you along the way, giving you the confidence you need to navigate the world of crypto assets.

Frequently Asked Questions

How do we determine the price of Binance Coin (BNB)?

The prices of all coins and digital currencies listed on Swyftx (including BNB coin) are set using real global trade volumes and the price of the last trade that occurred. Swyftx also offers incredibly small spreads and low fees for trading when you buy and sell BNB, meaning that you won’t see the price fluctuate as much as you may on other platforms.

Where can I store BNB?

When you buy BNB coin on Swyftx’s trading platform, the digital asset will be automatically stored in the integrated wallet on your account. All units of cryptocurrency are stored in crypto wallets. A wallet is necessary for sending, receiving and storing your BNB, or any other digital asset you own. Alternatively, if you would like to store your BNB coins in an external wallet like a mobile wallet or a hardware wallet, you are able to do so. When using Swyftx cryptocurrency exchange you can simply withdraw your Binance from your account and send it to the wallet of your choice by inputting the public key.

What payment methods does Swyftx support?

Before you start trading crypto on your Swyftx account, you will need to deposit funds into your account. Swyftx supports various different deposit methods such as bank transfer, POLi, PayID and debit card. Once your deposit has successfully landed in your account, you can instantly buy Binance coin (BNB) and other cryptocurrencies listed on our trading platform.

Why use Swyftx to Buy Binance Coin?

How to buy
Binance Coin (BNB)

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Low Fees

Swyftx has significantly lower spreads and cheaper trading fees than many of our closest Australian competitors.

Instant Verification

Verify your account in minutes and deposit AUD to start trading BNB.

Secure Accounts

Breached password detection, biometric logins, two-factor authentication (2FA) help protect your account from scammers.

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Risk free demo mode

Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.

Rated 4.8 out of 5 based on 1960 reviews

Excellent

3828 Reviews

Mick Morris
I received a security support call the first time, I tried to move assets to another wallet. As a new user this was reassuring that they actually have good security systems.
Nathan
My inquiry was responded to quickly, & Swyftx’s service was both professional & friendly. I also received follow up emails/messages to check that everything was ok - outstanding customer service. I have found Swyftx to be modern...
Vamsi Chowdary
Very good customer support for changing mobile number
James B
Swyftx was easy to set up, with clear instructions and a nice layout. It's easy and fast to use. What I have been most impressed with is their customer service. Fast, helpful and personal. An actual person responding, not being re...
Jodi Crane
The staff in chat are very polite and helpful. Seems to be a pretty easy platform to navigate around in. Lots of help info and they seem very thorough.
Jason
Used the in app chat for a question and received a prompt reply within the app and an email. Also deposited funds are available within 5 minutes and withdrawals to my bank account have been instant (after the first withdrawal wh...
Joel dCB
I’m really impressed with the quick, personable customer service I receive from the gang at Swyftx. Also, Swyftx has a great app which is super easy to navigate. Finally, I have found that withdrawals of AUD arrive back in my ba...
Tom Dawson
The support team over at Swyftx were efficient and friendly when I needed a hand adding a referral to my account for the 2nd time. Thanks!
Ray Hinde
Great service. I had an issue with a withdrawal not going through. When I contacted swyftx to query it they began fixing it right away and it went through soon after. Gold.
James Lock
I set up an SMSF with Swyftx which requires a few steps outside of their usual sign up process. I've also added additional accounts which needed 'custom' KYC verification, and every time they were more than willing to work with me...

OUR TOP FEATURES

Why choose Swyftx?

AUD Deposit and Withdrawals

Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi

Recurring Orders

Automate your crypto investments.Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.

Stop, On Trigger & Market Orders

Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.

Advanced 2FA & Password Security

Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.

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