How To Buy Binance Stock

Want to invest in Binance stock? Well, technically, there is no public Binance stock available since the company is privately held. But don’t worry, there is still a way for you to be a part of Binance’s success.

Introducing the Binance Coin (BNB), a native coin on the Binance platform that serves as a proxy investment option. In this article, we’ll explore the benefits of owning BNB and how it can be a lucrative investment choice for traders and investors.

Binance Coin (BNB) Use-Cases

Known as “the trader’s coin” in certain circles, BNB offers several advantages for those trading on the Binance platform. Here are some key benefits:

  1. Discounts on transaction fees when paid with BNB
  2. Can be paired with multiple altcoins on the Binance platform
  3. Double referral bonuses for holders of 500 BNB or more
  4. Voting power during Binance Community Coin Voting

Additionally, Binance regularly buys back and burns BNB tokens, similar to a stock buy-back program. This reduction in token supply helps increase the price by lowering the available quantity.

Discounted Trading Fees

One of the major advantages of owning BNB is the discounted trading fees on the Binance platform. While stock owners don’t enjoy such benefits, BNB holders receive a 25% discount on trading fees, reducing them from 0.1% to just 0.075%.

Furthermore, the amount of BNB you hold determines an additional discount on fees. Here’s a breakdown of the sliding scale:

Tier BNB Balance Past 30-Day Trading Volume Maker Taker
General 0 BNB < 100 BTC 0.1% 0.1%
VIP 1 50 BNB ≥ 100 BTC 0.09% 0.1%
VIP 2 200 BNB ≥ 500 BTC 0.08% 0.1%
VIP 3 1,000 BNB ≥ 4,500 BTC 0.07% 0.09%
VIP 4 2,000 BNB ≥ 10,000 BTC 0.06% 0.08%
VIP 5 3,500 BNB ≥ 20,000 BTC 0.05% 0.07%
VIP 6 6,000 BNB ≥ 40,000 BTC 0.04% 0.06%
VIP 7 9,000 BNB ≥ 80,000 BTC 0.03% 0.05%
VIP 8 11,000 BNB ≥ 150,000 BTC 0.02% 0.04%

Not only can you trade BNB against other altcoins, but you also benefit from the price appreciation of the token, just like you would with a rising stock price.

Other Benefits to BNB Holders

Aside from the reduced trading fees, owning BNB provides additional advantages:

  • BNB can be used to invest in ICOs through the Binance Launchpad program. These ICOs automatically list on Binance, giving them a massive marketplace and initial boost.
  • Some ICO projects airdrop their coins to BNB holders, making BNB function as a dividend-bearing stock.
  • Binance hosts competitions and giveaways, with rewards paid out in BNB. One such competition is the Coin of the Month program, where BNB holders get to vote on which project to list. Voters have a chance to win from a prize pool funded by fees.
  • BNB can be used as collateral for loans from third-party crypto-loan company NEXO, providing additional financial opportunities.

In Conclusion

Binance has emerged as one of the leading fee-based cryptocurrency exchanges globally, with a loyal community of traders. Owning BNB tokens can be a smart investment choice, benefiting from the rising value of the token and various privileges within the Binance ecosystem.

While the blockchain industry evolves rapidly, Binance’s success and the potential longevity of BNB are crucial factors to consider. As Binance continues to expand its services and projects, the value of BNB may continue to grow.

Please note that investing in any cryptocurrency involves risks. It’s important to conduct thorough research and seek professional advice before making any investment decisions.

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(Image Source: Binance)