Understanding BNB
What is Binance Coin?
BNB (Binance Coin) was launched in 2017 by Binance, initially as an ERC-20 token before migrating to Binance’s own blockchain, BNB Chain. It plays a crucial role within the Binance ecosystem, offering utility such as discounted trading fees, payments for goods and services, and participation in token launches on Binance Launchpad.
BNB Chain, powered by BNB, supports smart contracts and decentralized applications (DApps), making it a strong alternative to Ethereum. With a growing DeFi and NFT ecosystem, BNB continues to expand its use cases. Binance also regularly conducts BNB token burns to reduce supply, which can impact its value.
As one of the most widely used cryptocurrencies, BNB remains integral to Binance’s platform and the broader blockchain space.
In Australia
How to buy Binance Coin in Australia
- 1
Create your Wayex account
Sign up in minutes on iOS, Android or the web.
- 2
Verify your identity
Australian residents aged 18 and over verify once, in-app.
- 3
Deposit AUD with PayID or NPP
Fund your account instantly, with no deposit fee.
- 4
Buy Binance Coin (BNB)
Buy BNB at live AUD market prices, then hold it or spend it with the Wayex Card.
Binance Coin FAQs
- Can I buy Binance Coin in Australia?
- Yes. You can buy Binance Coin (BNB) in Australian dollars with the Wayex app. Wayex is an Australian, AUSTRAC-registered platform that has operated since 2018.
- How do I pay for Binance Coin?
- Fund your Wayex account in AUD with PayID or NPP, both free, then buy BNB instantly. There is no surcharge on AUD deposits.
- What fees does Wayex charge to buy Binance Coin?
- Wayex charges 1% on any crypto buy, sell or spend. AUD deposits and withdrawals via PayID or NPP are free, and there is no annual account fee.
- Can I spend Binance Coin with the Wayex Card?
- Yes. Once you hold BNB in the Wayex app you can spend from your balance with the Wayex Crypto Visa Card anywhere Visa is accepted, online or in store.
Explore more
Other coins on Wayex.
Get started
Access a World of Crypto.You’re Closer Than You Think!
- 01
Download the app
Available on iOS and Android. Sign up in minutes with your email.
- 02
Get verified, instantly.
Fast KYC with your Australian ID. Most accounts verify in minutes.
Learn how - 03
Buy, Sell and Spend!
Trade AUD into 90+ crypto assets, and spend anywhere Visa is accepted.