Binance investment in one of the fastest growing crypto trading exchange and has dramatically changed how digital assets are being traded in the crypto world.
The project is a cryptocurrency trade ecosystem with its own coin – BNB, which is used also within the ecosystem as an exchange commodity between some crypto assets that are listed on its platform, there are benefits for using the currency on the network to perform trades.
The project was created by Changpeng Zhao a former co-founder of OKCoin, a huge cryptocurrency exchange in China and he was also a frontier developer in the blockchain.info platform, quite the experience with decentralized projects and wallet technology which brings a lot of resourcefulness to the development of Binance alongside a host of other developers on his team.How to buy?
To buy BNB you would have to visit their website and register, then from there, you can buy using BTC, ETH or any of the other trade pairs. You could also buy from Bancor; other than these two, there are currently no other exchanges that list the BNB, which makes it quite challenging for some people to get even though the asset is quite popular, making it a rare coin to buy on other exchange platforms.
However, Binance has over 50 market trades on its platform, trading against so many cryptocurrencies, and also against BTC, ETH, and USDT as trade pairs. Its value is a bit centralized and limited to its trading environment.
If you consider the exchange online wallet as too dangerous, you can choose to simply add it to your MEW wallet. Other safer alternatives would be to consider storing it offline on a Ledger Nano S or Trezor hardware wallets.