Traders use this to time the market and capitalize on price dips or increases. This is the most common order type and lets you purchase BNB at the price you specify. This makes it like an instant buy order, but with much lower fees. This will buy you the amount of BNB you specify at the lowest possible price available. There are several different order types that you can make on the spot market. You'll find the spot market under a "Trade" or "Spot" heading on the site or app menu of the platform you've chosen to use. It's usually the cheapest way to buy BNB because it lets traders set their own price. The spot market is where buyers and sellers come together to place bids for BNB on the open market. If you see colorful charts with a range of prices, you're probably in the spot market. This is usually the only option available for credit or debit card purchases, but you may also be able to make an instant buy if you've pre-funded your account with a bank transfer.īe prepared to pay a markup on BNB's market rate in exchange for the convenience. It should feature a simple interface that lets you enter the amount of BNB you want to buy, or US dollars you want to spend. You'll usually find the instant buy section under a "Buy now" heading on the platform you've chosen. If it's your first time buying BNB this will be the fastest method – but also the least cost-effective. The 2 most common ways to buy BNB are on the spot market or with an "instant buy" feature. Some platforms only offer 1 way to buy BNB, while others provide several choices. Just type in how much you want to spend in USD and let the exchange work out the rest. Most exchanges let you buy as little as $5 worth of BNB, if not less. This lets you instantly exchange one crypto for another even if there is no trading pair on the spot market. You can swap any cryptocurrency you already own for BNB using the "swap" or "convert" service on some platforms. All international money transfer services.
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