How to Buy BNB (prior Binance Coin) With Credit & Debit Card? | CEX.IO Guide

You can obtain BNB on CEX.IO in a couple of ways, depending on the payment method you prefer. Instant Buy offers a streamlined approach for eligible customers interested in acquiring BNB, as well as other vetted assets, through credit and debit cards, as well as alternative solutions, such as PayPal (US-based users only), Google Pay, or Skrill. On the other hand, those looking to use their bank accounts can utilize our Wallet functionality, which is also straightforward but requires a bit of a workaround. Still, in this guide, we’ll provide step-by-step instructions for each pathway, allowing you to choose the one that best suits your needs and preferences. 

How to Buy BNB: Step-by-Step Guide

To become eligible to buy BNB at CEX.IO, users must register and verify their accounts before choosing their preferred payment gateway. Whether you use our web-based platform or IOS/Android crypto mobile apps, the steps remain the same, as both interfaces are designed to be user-friendly and offer a seamless experience across web and mobile platforms.

Here’s how to buy BNB with a credit or debit card on CEX.IO: 

Step 1: Register

To begin, you need to create an account with CEX.IO. All you need to do is visit our website, click Register, fill in the required fields, such as your email and country of residence, and create a strong password to protect your account. Once you complete the registration, you’ll receive a confirmation email from CEX.IO. Upon returning to your email inbox, click the corresponding link and verify your email address. 

Step 2: Verify Your Idenitity

The next step includes verifying your identity according to KYC/AML requirements. This is a standard procedure all regulated and licensed exchanges require, and it typically takes no more than six (6) minutes to complete. Having your identity documents readily available (ID, passport, or driver’s license) in advance can expedite this process.

Step 2: Choose Your Desired Payment Gateway

Once registered and verified, you become eligible to buy BNB on CEX.IO. You can do that through: 

• Instant Buy
• Wallet
• Spot Trading

Below, you can find detailed, step-by-step instructions on how to buy BNB through each pathway: 

Buy BNB through Instant Buy

Instant Buy is the most straightforward way to obtain crypto at CEX.IO and includes just a couple of steps, as follows: 

1. Find Instant Buy through the dashboard (on the left-hand side) or under the Products menu (navigation bar).
    

   

2. Select the fiat currency you want to use for the purchase. 

3. Specify the amount of fiat. 
    

   

4. Under the You Get tab, choose BNB as the cryptocurrency you want to acquire. You’ll see the corresponding amount of crypto you get on the right-hand side. 
    

   

5. Click Buy Crypto Instantly. This will take you to our Add Funds page. 
6. Review all transaction details. 

7. Choose credit/debit card under the Select Payment Method tab. 
    

   

8. Enter the required payment details (card number, expiration date, and CVV) and review. 
9. Complete the purchase by following the on-screen instructions. 

Buy BNB via Wallet

Another way to acquire BNB on CEX.IO is through our Wallet feature. While Instant Buy allows you to buy crypto directly at the current market price, Wallet requires you to fund your account with fiat first and then convert those funds to BNB or any other asset you’re interested in. The most significant advantage of Wallet over Instant Buy is that, in most cases, it offers a wider payment selection, including bank transfers, which are not supported by Instant Buy. Here’s how to buy BNB via Wallet: 

1. Find the CEX.IO Wallet on the right-hand side of your dashboard or under the Products tab. 
2. Access the Fiat tab, located under the Balance feature. 
3. Choose the fiat currency you want to deposit into your account and click Add Funds.  
4. Select your preferred payment method and complete the transaction as instructed. 
5. Return to your wallet dashboard. 
6. Again, go to the Fiat tab and find the currency with the balance. 
7. Click Convert and then Select Asset. 

8. Type BNB. 
    

   

9. Specify the amount of fiat you want to convert or the amount of BNB you wish to obtain. 
10. Click Convert to complete the transaction. 

Buy BNB through Spot Trading

Finally, you can buy Binance Coin through Spot Trading, which, in addition to funding your balance, also allows you to trade your tokens against other fiat currencies and cryptocurrencies. Here’s how to buy and how to trade BNB via Spot Trading: 

1. Navigate to Spot Trading from the dashboard or under the Products tab. 
2. Click Add Funds in the top-right corner (next to your profile name). 
3. From there, specify the fiat currency and the amount you want to spend. 
4. Choose your payment method. 
5. Complete the deposit by following the on-page guidance.
6. Return to the Spot Trading dashboard. 
7. Choose your preferred trading pair from the left-side menu. Type BNB into the search bar to see the available trading pairs in your region (BNB-EUR, BNB-USD, and BNB-USDT). 

Keep in mind that you can choose only the currency pair with balance. Otherwise, you’ll need to select another currency pair or use our convert feature to obtain the fiat you need for the trade. 

8. Select your preferred execution order type (Market, Limit, Stop Limit). 
9. Execute your trade. 

So, these are the three ways you can obtain BNB at CEX.IO. Review the presented gateways carefully and choose the one you find the best. Now that you know how to buy crypto and where to trade BNB, let’s see what payment methods you can use when purchasing BNB on CEX.IO. 

Available Payment Methods for Buying BNB

Our platform supports multiple payment solutions to accommodate varying user needs. However, we also follow local/regional regulations, meaning some payment gateways may be unavailable in your country. Here’s the complete list of all supported methods at CEX.IO: 

• Credit and debit cards issued by Visa and Mastercard (American Express not supported). 
• Bank Transfers (SWIFT, SEPA, and Faster Payments).
• Google Pay and Apple Pay mobile processors. 
• Skrill
• Neteller
• PayPal (available for US-based customers only)
• MoneyGram
• Wise, Revolut, Payoneer, and Venmo cards
• Prepaid cards (supported but not recommended due to potential transaction confirmation issues). 
• Epay

Earlier, we provided a detailed manual on buying BNB with a credit or debit card on our platform. Now, let’s briefly cover how this process works with other payment methods: 

Buy BNB with PayPal

PayPal is available for US-based customers only. To use this method, you need to: 

1. Log in to your account using established credentials. 
2. Navigate to Instant Buy. 
3. Select the fiat currency and specify the amount. 
4. Choose BNB as the asset you want to obtain. 
5. Under the payment methods section, choose PayPal as your preferred funding pathway. 
6. Click Log in with PayPal. 
7. Allow CEX.IO Wallet to share the details. 
8. Click Continue. 
9. Log in to your PayPal account. 
10. Choose the payment method to use in your PayPal account. 
11. Confirm the transaction to purchase BNB.

Buy BNB with Other Payment Methods

Each payment method requires a different transaction approach. For example, you can buy BNB with Venmo, Discover, and Payoneer cards, just like with any other Mastercard or Visa credit/debit card. All you need to do is enter the required card information and confirm the payment.

To use MoneyGram, you need to fill in your personal, as well as the information about your chosen MoneyGram location to get the account number. You later use that number to deposit cash at a selected location and fund your CEX.IO balance. 

Skrill, Neteller, Google Pay, and Apple Pay work similarly to PayPal and require you to link your account and choose the payment method. In contrast, bank transfers and Revolut involve copying the provided CEX.IO bank information into your bank account transaction interface.

Research all available payment methods in your jurisdiction and select the one that offers the best balance of security and ease of use for you.

BNB Wallet

Once you register and verify your identity, you’ll receive a BNB wallet, courtesy of CEX.IO. This wallet contains your BNB wallet address for sending and receiving your tokens. Also, it allows you to buy, sell, trade, or convert your funds within a user-friendly interface. You can access your wallet through our web platform or crypto mobile apps by entering your credentials. All you need is internet access, either through a secure WiFi connection or mobile data, and you can seamlessly manage your BNB holdings. It’s free, user-friendly, and easily accessible whenever and wherever you want. 

FAQs

What is BNB coin and what is it used for? 

BNB is the native cryptocurrency of the Binance ecosystem, initially launched as an ERC-20 token before migrating to Binance Chain. It powers transactions, offering users potential discounts on trading fees. Beyond trading, BNB has diverse real-world applications, including payments and travel bookings. It is also used for transaction fees on BNB Chain, supporting DeFi projects and smart contracts.

How do I sell BNB on CEX.IO?

There are a couple of ways to sell BNB on CEX.IO. The most intuitive one is to convert your BNB holdings to fiat and withdraw those funds to your credit card, Google Pay/Apple Pay, PayPal, or bank account, whichever is available in your region. Here’s how to do it: 

1. Log in to your account. 
2. Go to Wallet. 
3. Choose BNB under the Cryptocurrencies tab. 
4. Click Convert. 
5. Specify the fiat currency to which you want to convert your BNB. 
6. Complete the transaction. 
7. Return to your Wallet dashboard. 
8. Select your currency under the Fiat tab.
9. Click Withdraw. 
10. Enter the amount of fiat you wish to collect. 
11. Choose your preferred withdrawal method. Be mindful of our payment limits and commissions before cashing out. 
12. Complete the transaction by following the instructions.

Another way to sell BNB is through Spot Trading. As explained earlier, you can trade your BNB holdings against USD, EUR, and USDT currencies. If you traded for fiat currencies, withdraw your balance as instructed above. However, if you trade BNB for USDT, you’ll need to convert your USDT holdings to USD, EUR, or GBP before withdrawing to a desired cashout destination. 

How do I buy BNB in the U.S.?

Here’s how to buy BNB in the US: 

1. Register an account and verify your identity (includes providing your SSN) on CEX.IO. 
2. Navigate to Instant Buy.
3. Select USD as the fiat currency you want to use for the purchase. 
4. Specify the amount. 
5. Choose your preferred payment method (bank transfers are not supported)
6. Complete the payment by following the site instructions. 

In addition to BNB, U.S.-based customers can choose over 100 cryptocurrencies and trading pairs. You can check the available assets here. 

How can I track the price of BNB on CEX.IO?

Our BNB price page is the most straightforward way to learn the current BNB value. For a more comprehensive overview, including its historical price, as well as the market value against other crypto and fiat currencies, visit Spot Trading.