How To Buy Binance Coin UK – Buy Binance Coin In Under 5 Minutes

Fact Checked by Gary McFarlane

Initially developed as an ERC-20 token, powered by the well-known Ethereum network – Binance Coin drives the Binance ecosystem. Management has since exchanged these for BEP-2 BNB, which is the native Binance Coin. Fees are super low and this cryptocurrency can be used to pay for exchange commissions, travel, goods, and much more.

If you are interested in learning how to buy Binance Coin in the UK – you need a decent platform by your side to enter this speculative marketplace. In this guide, we explain the ins and outs of how to buy BNB tokens, review the best two brokers in the space and explain how you can sign up today.

#1 Broker to Buy Binance Coin – eToro

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$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

How To Buy Binance Coin – Choose a Broker

As we mentioned briefly, it’s a good idea to ensure you look to buy Binance Coin from a reliable source and not just any broker on the internet. There are many sharks in the crypto trading space, so we have saved you some research by reviewing the top two platforms offering this popular currency:

  • eToro – Overall Best Broker to Buy Binance Coin UK
  • Binance – Best Broker to Buy Binance Coin for Asset Diversity

You will see the full review of each shortly – after the following walkthrough.

How to Buy Binance Coin in the UK – A Quick Guide For 2022

If you lack the time to read this entire guide on how to buy Binance Coin in the UK, below you will see a quickfire walkthrough to get you started.

  • Step 1: Open an Account with eToro – This broker came out number 1. The platform is FCA-regulated and you can place an order on Binance Coin from just $25.
  • Step 2: Upload Your ID – The proof of address verification process at eToro is fast and simple. Upload an official ID such as your passport, and a recent bank statement or utility bill as your proof of address.
  • Step 3: Deposit Funds – eToro accepts a plethora of payment types – covering everything from credit/debit cards and bank accounts to e-wallets such as PayPal and Skrill.
  • Step 4: Buy Binance Coin – Use the search box or look in markets for Binance Coin and hit ‘Trade’ when you find it. Fill in the amount box depending on how much you would like to allocate to BNB coins. Next, you can confirm by hitting ‘Open Trade’.

As you can see, it’s never been more simple to buy Binance Coin in the UK. Once you have completed Step 4, you will see your purchase appear in your eToro portfolio!

via eToro, UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

Where to Buy Binance Coin in the UK

In this section of our guide, you will see full reviews of the top two platforms to buy Binance Coin in the UK. We look for brokers with super low fees, an easy-to-use website, and features and tools to enhance your experience. We also scrutinize the provider’s reputation and choice of deposit methods – amongst other factors.

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for $100 you get0.3601 BNB
What we like
Trade real cryptos and crypto CFDs
Licensed broker with deposit insurance
Integrated wallet
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for $100 you get0.3601 BNB
CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.
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for $100 you get0.3685 BNB
What we like
Broker vollständig reguliert
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Libertex Erfahrungen seit mehr als zwanzig Jahren
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for $100 you get0.3685 BNB
83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko
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For beginnersMobile App
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Credit CardGiropayNetellerPaypalSepa TransferSkrillSofort
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for $100 you get0.3681 BNB
What we like
Niedrige Gebühren
Algorithmischer Handel verfügbar
Sehr gute Charts
Fees
Safety
Coin selection
for $100 you get0.3681 BNB
Es gibt keine Garantie, dass Sie mit diesem Anbieter Geld verdienen werden. Ihr Kapital ist gefährdet.
Features
Instant verificationFor beginnersMobile App
Payment methods
Credit CardNetellerSkrill

1. eToro – Overall Best Broker to Buy Binance Coin UK

etoro review eToro has over 20 million clients worldwide and is well known amongst traders and investors alike. This platform is denominated in USD. As such, non-US clients will pay a small FX charge of 0.5% when making a deposit. Other accepted payment methods include credit and debit cards, bank transfers, and e-wallets like PayPal and Neteller. One of the most appealing things about this provider is that you will not pay any commission fees to buy and sell Binance Coin, or any other asset.

Plus, the spread is tight across the board. FCA, CySEC, and ASIC regulate this online broker, so you can store your BNB investment in safety. As well as this asset, you will also find popular digital offerings such as Ripple, Litecoin, Ethereum, and Bitcoin. This guide also found plenty of smaller crypto-assets and stable coins. This includes Mana, Algorand, Cardano, Tezos, Dogecoin, Stellar, and Tether. If you have less than say $500 to allocate to buy Binance Coin, it might be better to stick with three or less to start with, to avoid overcomplicating things when checking your portfolio.

With that said, the eToro platform is really easy to navigate, no matter what your previous experience is. There are some great features at eToro. The most noteworthy is probably Copy Trader. So, how does it work? It’s sort of like having a personal account manager without the fees attached. Simply find a person who is focused on cryptocurrencies and study data surrounding their success, risk exposure, and so on. You can invest from $500 with a minimum copied position amount of $1.

For example, if they allocate 2% of their trading capital to a Binance Coin buy order, this will be replicated in your portfolio – in proportion to the amount you invested. You can choose to mirror all existing open trades or just start from the date you invest in the trader you want to copy. Please note that all minimums are subject to change. You may also look to try CryptoPortfolio, much in the same way. This is a passive way to buy Binance Coin in the UK. This is an investment product that consists of a portfolio of the top crypto-assets – balanced by market cap.

Asset allocation is rebalanced annually by the team at eToro. Newbies may also be interested in the demo account with $100,000 paper equity to buy, sell and get to know the platform – risk-free. eToro is suitable for traders and investors of all budgets. The minimum first deposit to get the ball rolling and set up your account is just $200. Either way, you can buy Binance Coin from just $25 here. This is a regulated provider, so you will need to send documentation to prove your identity, which is standard practice. This allows you to buy and sell BNB tokens, but also means the brokerage will store your crypto-assets for you.

Pros

  • Invest in cryptocurrencies on a spread-only basis
  • Buy thousands of UK and international stocks at 0% commission
  • Minimum investment per trade from just $25
  • Supports debit/credit cards, e-wallets, and local bank transfers
  • Regulated by the FCA, CySEC, and ASIC
  • Used by over 20 million people
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Binance – Best Broker to Buy Binance Coin for Asset Diversity

This exchange is no stranger to the cryptocurrency scene. In terms of trading volume, this is one of the biggest crypto platforms on the planet. Moreover, the provider serves over 100 million clients around the world. It’s easy to buy Binance Coin here. The process is secure and is seamless and there is a good variety of payment methods to choose from when you want to fund your account.

Non-US residents can opt for a bank transfer, without paying any fees. Other options include debit and credit cards and third-party options such as Simplex. You can choose stable coins like USDT and fiat currencies, US dollars, and euros, amongst others. This how to buy Binance Coin in the UK guide found over 500 currencies here. This includes Ripple, Bitcoin,, Shibu Inu, Ethereum, Polkadot, Chainlink, and many more. Small-cap crypto assets include Mask, Everipedia, Wabi, LUNA, Cryptyk, Enzyme, and others.

Binance is considered to be a safe exchange. For extra protection, this platform advises users to manually enable Two Factor Authentication (2FA). You can also ensure you change your password frequently and check the device management tool on your account to see which other devices you have enabled. In terms of fees, this platform operates on a maker/taker fee structure, whereby high-volume crypto traders will be rewarded with lower commissions.

As we talk about later – you can also cut costs by paying these fees with BNB tokens and bagging a 25% discount. There is also the Binance Referral Scheme, which allows you to earn up to 40% in commissions – each time people you recommended to the platform decide to trade. For this, you will need to register for the relevant QR codes and referral links. This provider goes one step further by offering a security option called Address Management. With this, you can put a cap on the number of crypto wallet addresses you use when you buy Binance Coin in the UK.

The Address Management feature also requires you to confirm each new passcode via your email, so that it can incorporate it into the whitelist. This platform also has a new Trust Wallet app which is powered by Blockchain and features easy access to decentralized apps, advanced security, and an easy-to-navigate interface. The free application is also compatible with various other cryptocurrencies and you can deposit or buy Binance Coin in the UK directly. You may also be interested in earning daily rewards in BNB coins – at up to 30%+ APY. To access this, go to the Finance section.

Pros

  • Facilitates billions of dollars in daily trading volume
  • Supports hundreds of digital asset pairs
  • Near-instant deposits via debit/credit cards and local bank transfers
  • Trading commission starts at just 0.1% per slide
  • Offers crypto savings accounts
  • Ideal for both beginners and experienced traders alike

Cons

  • Not all supported cryptocurrencies can be purchased with a debit/credit card
  • No e-wallet deposits or withdrawals

at eToro, UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection

How to Buy Binance Coin in the UK – Detailed & Explained in Full

If you have never traded a day in your life, the prospect of finding a broker is no doubt a daunting one – never mind signing up with one. As such, below we have detailed how to sign up and buy Binance Coin in the UK – to start you off on the right foot.

Step 1: Open a Crypto Broker Account

We are using eToro for the purpose of this walkthrough. We chose this online broker because it’s easy to buy and store Binance Coin, and you will not pay any commission fees. Plus, eToro is regulated by the FCA. With that said, you can sign up with the provider most suitable for you and take this as a general guide.

Look for the button to join and click this to reveal the signup box. Next, you can fill in the relevant details. This includes your first and last name, email address, and a password that you will remember – followed by your full residential address and date of birth.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Upload Some ID

eToro is regulated, so will also need to ask you a few questions regarding your experience as a trader, income, and understanding of risk.

  • Next, you can complete your account registration by uploading your proof of identity – most people use a passport or a driving license.
  • For the crypto platform to complete the validation process – you will also need to send a recent utility bill or bank statement.

eToro uses automated technology to validate ID. As such, you should have your account confirmed and be able to buy Binance Coin in the UK within minutes. You can go ahead and make a purchase prior to uploading the aforementioned documentation. With that said, you will be limited to deposits below $2,250 and will be unable to withdraw funds.

Step 3: Fund Your Account

Of course, before thinking about how to buy Binance Coin in the UK – you need to add some funds to your account. That is unless you utilize the free demo facility available at eToro to get to know the platform first.

Accepted deposit methods at eToro include:

  • Credit and debit cards like Visa and Mastercard
  • e-Wallets such as Paypal, Skrill, and Neteller
  • Bank transfers

As we touched on earlier, non-US deposits will be subject to an exchange fee of 0.5%. This amount works out at $5 for every $1,000, and remember, you will pay zero in commission fees!

Step 4: Search for Binance Coin

Now, you can search for Binance Coin. As we mentioned in our review, this is stress-free here. Either type the crypto-asset into the search box as we have below or click ‘Trade Markets’ to reveal the full list.

You are now one step closer to buying Binance Coin in the UK! Simply click on the correct coin and an order box will appear.

Step 5: Buy Binance Coin UK

At this stage, you have opened an account, verified your identity, and located your chosen cryptocurrency. When considering how to buy Binance Coin, think about how much you would like to allocate to your purchase and enter the amount in the relevant box.