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How to buy Binance Coin (BNB) on MyCointainer with Bitcoin (BTC)
MyCointainer goes beyond your ultimate automated Proof of Stake and Masternode coin staking platform, as it also serves as a gateway for everyone to buy Bitcoin with Fiat money (EUR, USD, YEN...) or exchange Bitcoin to a variety of available altcoins (TRX, ADA, LTC...) as well.
One of the advantages of buying coins on MyCointainer is that we browse through various exchanges to find the best deal for the coins you wish to have. This means you don't have to hassle yourself thinking about which exchange to use to get the latest offer, or register on so many sites, or go through the lengthy process over and over again to just get the right coin at the right time.
Many people avoided very promising altcoins such as BNB, because they initial thought that its difficult to buy them. Unlike Bitcoin that is practically available nowadays, altcoins still have challenges engaging in the exchange - but this is not the case anymore. MyCointainer gives you the option to buy Bitcoin directly with Fiat money, or if you already have Bitcoin, you can exchange it to BNB or any available altcoin of your choice on the fly. So, if you are looking to buy BNB in a safe manner, then this short guide is for you.
MyCointainer makes buying Binance Coin not complicated anymore!
Our mission at MyCointainer is to make cryptocurrency use as simple as it should be. That’s why we are proudly presenting you the easiest way to exchange Bitcoin to BNB or any other available altcoin of your choice. From now on every MyCointainer user will be able to directly exchange Bitcoin to BNB in quick process that won’t take more than 2 minutes of your time.
You need to have an account on MyCointainer.com as only registered users can buy or exchange cryptocurrency on our platform.
1. All you need is to visit: Dashboard -> Invest or simply click on the blue button “Invest” on top of MyCointainer page and select ‘I want to buy coins’ option
2. You will be prompted to choose one way of purchasing your BNB. You already have Bitcoin so you choose Balance All Available
3. Next you need to select BTC from list of Available Balances
4. Then select the assets you wish to buy – in this case we focus on getting BNB
5. We are almost over, time to set the amount of Bitcoin that will be exchanged to BNB here:
6. Then you simply click "Buy Now" and BTC -> BNB exchange operation and after a brief moment your BNB balance should be updated. You can check all assets balances here: https://www.mycointainer.com/dashboard/)
7. Congratulations, it’s done! You exchanged your Bitcoin to Binance Coin with only a few mouse clicks.
The times when you wondered how to exchange your Bitcoin to BNB or other altcoins are finally over. With MyCointainer’s exchange functionality, we act as a portal between Bitcoin world and the altcoins. What is even more amazing is that you can exchange Bitcoin to any supported altcoin on the fly within a few moments.
A good rundown about Binance
Binance coin (BNB), headed by Changpeng Zhao, is a native ERC20 token of the Binance Exchange, a leading trading and exchange platform exclusively for cryptocurrencies.
BNB was used to fund the exchange’s initial coin offering in July 2017 and now serves as a utility token that offers holders a range of useful features, such as discounts on trading fees on the platform and the possibility to trade it for other coins on Binance Exchange.
It has a strict limit of maximum 200 million BNB tokens. The platform also has a repurchase plan, under which it will use 20% of its profits to buy back BNB tokens, and burn them until a maximum of 50%, or 100 million, BNB tokens are bought back.
During the quarterly burn, Binance sends the coins to a public address whose private keys are unobtainable, in such a way effectively destroying the coins. The price of the Binance coin is going up as its supply is going down.
On May 7, 2019, Binance revealed that it had been the victim of a “large scale security breach” in which hackers had stolen 7,000 Bitcoin worth around U.S.$40 million at the time.
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