BNB is the native token of the Binance cryptocurrency exchange and the Binance Decentralised Exchange (DEX). Because it was originally built on the Ethereum network, BNB tokens were ERC-20 tokens hosted on Ethereum at first. However, after the launch of the Binance Chain mainnet in April 2019, the BNB tokens were swapped from ERC-20 to BEP-2 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 mechanism that is a hybrid between Proof-of-Stake (PoS) and Proof-of-Authority (PoA).
BNB is 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. You can buy BNB in New Zealand on the Swyftx cryptocurrency exchange.
Sign up to the Swyftx cryptocurrency exchange to buy Binance Coin (BNB) with low trading fees and minimal spreads. To sign up, provide your personal details like your full name, phone number and email address and create a unique password. Next verify your identity, by submitting an online copy of your photo id (i.e. drivers license, passport). This step takes most people only a few minutes to complete.
Next, you can deposit funds into your account via a number of different payment methods. Swyftx supports deposits made via bank transfer. Once your deposit has cleared you can buy BNB and trade hundreds of different cryptocurrencies.
The prices of all coins and crypto assets listed on Swyftx (including Binance Coin) are set using real global trade volumes and the price of the last trade that occurred. Swyftx also has minimal spreads and low trading fees meaning that you won’t see the price of Binance fluctuate as much as you may see on other platforms.
The prices of all coins and digital assets listed on Swyftx (including Binance 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 trading fees meaning that you won’t see the price of Binance fluctuate as much as you may on other platforms.
Yes, Swyftx has a security framework in place as well as many advanced security features to ensure we are providing our customers with a safe place to buy, sell and trade cryptocurrency. Security features include breached password detection, biometric security and two-factor authentication (2FA).
When you buy and sell BNB, Swyftx has cheaper fees and smaller spreads than our closest competitors in New Zealand.
Verify your account instantly without uploading documents and deposit NZD to buy BNB.
Our advanced security framework will protect your funds and digital assets from scammers and bad actors.
Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.
Deposit and withdraw NZD via bank transfer.
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
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.