How to buy Binance Coin (BNB) in Australia

We make buying BNB as easy as 1, 2, 3 (...4, 5) in our step-by-step guide.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

Binance Coin (BNB) is the native coin of the Binance exchange and Binance Smart Chain, which became a DeFi and meme coin powerhouse in late 2020. This helped cement BNB as one of the leading cryptocurrencies in the world.

BNB hit an all-time high of $1,262.14 in December 2024.

Today BNB is trading for $1,083.70, which is slightly up from yesterday's trading price of $1,081.49. Binance Coin has seen a price increase of 127% over the past year.

Before you buy Binance Coin, make sure you understand these unique risks as well as its legal, regulatory and tax status here in Australia.

If you're ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Binance Coin in Australia.

Buy Binance Coin (BNB) in 5 steps

  1. Find a crypto exchange that lists BNB. We've put together a list of exchanges that offer BNB in Australia.
  2. Choose a payment method. You can choose to pay by bank deposit, debit or credit card or another crypto.
  3. Create an account. Once you've picked an exchange that offers your preferred payment method, sign up for an account.
  4. Start trading. Select the amount of BNB you want to buy and then check all details are correct before hitting "Buy". You should be shown the total cost, including any fees.
  5. Decide how to store your BNB. It's safest to store your BNB on your own hardware or software wallet, but you could also leave it on the exchange.

Where to buy BNB

This is a table of crypto exchanges that offer Binance Coin (BNB) in Australia. It was updated on 30 May 2024.

1 - 16 of 16
Product GXFCY Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer
CoinSpot logo
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal

1

519

Get $20 in BTC when you make a deposit. T&Cs apply.
Go to site

Capital at risk

View details
OKX logo
Bank transfer, Cryptocurrency

1

306

Get $20 in BTC when you trade $20 in the first 14 days after opening an account. T&Cs apply.
Go to site

Capital at risk

View details
eToro Crypto
Best Rated BrandExclusive
eToro logo
Bank transfer, Credit card, Debit card, PayPal, eToro Money

27

108

Go to site

Capital at risk

View details
Swyftx
Finder Award
Swyftx logo
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

3

434

Get $20 in BTC when you verify your account. T&Cs apply.
Go to site

Capital at risk

View details
Coinstash
Finder AwardExclusive
Coinstash logo
Bank transfer, Cryptocurrency, Osko, PayID

1

1073

Finder exclusive: Get up to $200 BTC when you sign up and trade certain amounts. T&Cs apply.
Go to site

Capital at risk

View details
Digital Surge logo
Bank transfer, Cryptocurrency, Osko, PayID

1

414

Receive $10 BTC on sign-up and verification. T&Cs apply.
Go to site

Capital at risk

View details
Day1x logo
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

1

28

Go to site

Capital at risk

View details
Bitget logo
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay

1

855

Get $50 USDT when you deposit at least $50 USDT and open a trade of $50 USDT or more. T&Cs apply.
Go to site

Capital at risk

View details
Bybit logo
Cryptocurrency, Moonpay, P2P, Banxa, Mercuryo

21

479

Disclaimer: Highly volatile investment product. Your capital is at risk.
Go to site

Capital at risk

View details
Binance Australia logo
Credit card, Cryptocurrency, Debit card, P2P

114

392

Get up to US$100 in trading vouchers when you verify your account, deposit funds and make a trade. T&Cs apply.
Go to site

Capital at risk

View details
Finder app
Finder Wallet logo
Bank transfer, PayID

1

14

Go to site

Capital at risk

View details
KuCoin logo
Credit card, Cryptocurrency, Debit card, P2P

5

845

Sign up and claim 100 USDT + 200 USDT trading coupon. T&Cs apply.
Go to site

Capital at risk

View details
Block Earner logo
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

1

339

Go to site

Capital at risk

View details
Cointree logo
Bank transfer, Blueshyft, Cryptocurrency, PayID

1

213

Get $20 BTC when you make your first trade. T&Cs apply.
Go to site

Capital at risk

View details
Gate.io logo
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

64

2453

Get up to $100 in trading fee vouchers when you verify your account. T&Cs apply.
Go to site

Capital at risk

View details
Paybis logo
Bank transfer, Credit card, Cryptocurrency, Debit card, AstroPay

47

88

Go to site

Capital at risk

View details
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What do I need to buy BNB?

  1. A crypto trading account.
  2. You'll need to sign up to your exchange of choice before you can buy BNB. In order to buy BNB with Australian dollars, you'll likely need to verify your identity and pass a Know Your Customer (KYC) check first.

  3. A payment method
  4. Depending on the exchange, you'll have the choice of buying BNB with credit or debit card, bank transfer or crypto. It's worth keeping in mind that there's normally a trade-off when buying with card. It can be the simplest way to buy crypto, but also normally comes with higher fees.

What is the cheapest way to buy Binance Coin (BNB)?

As a general rule of thumb, buying BNB on the spot market using a limit order may be the cheapest way to do it. If that sentence doesn't mean anything to you, read on.

The spot market is where buyers and sellers come together to place bids for BNB on the open market. You'll normally find the spot market under a "Trade" or "Spot" heading on the site or app menu of your crypto platform of choice.

If you see colourful charts with a range of prices, you're probably in the spot market.

A limit order is when you submit a order to buy a certain amount of BNB when it hits a certain price. For example, say BNB is currently trading at $900 but you think it might drop to $800. You can set a limit order to buy $1,000 worth of BNB (minus fees) when it hits $800.

Importantly, limit orders also generally have lower fees than instant buys and other purchase methods.

You can also choose to buy BNB on the spot market using a market order, which means your order will be automatically processed using the best available price.

Where to store your BNB

There are two main options for storing your crypto - keeping it on an exchange, or storing it in your own personal wallet.

While it can be more convenient to leave your crypto on an exchange, this leaves you at risk in the event the exchange is hacked, or compromised in another way.

It's generally much safer to store your crypto on a software or hardware wallet, which gives you full control and custody of your coins.

How to stake BNB

Once you're purchased your Binance Coin, you also have the option of staking it and earning a return. You can choose to stake your tokens on the BNB chain for a modest return while helping to secure the network. You can also earn a yield on your BNB using Binance's Earn feature.

As the official token of Binance, you can also use BNB to get a 25% discount on spot trading fees when using Binance's exchange.

Is Binance Coin safe to invest in?

You should always do your research before investing in volatile assets like cryptocurrency. Like other digital assets, BNB is subject to the following risks:

Price volatility. The price of BNB has had dramatic rises and falls since its launch in 2017.

Hacks and theft. Exchanges are vulnerable to hacks and theft, so choose one with good security practices and a track record of safety.

Fiscal mismanagement. A number of crypto platforms have frozen user funds after it was revealed they had engaged in irresponsible funds management.

Insurance. While some exchanges have fully-backed reserves (and insurance programs) to protect user assets, this isn't always the case.

Regulatory issues. Binance and its founder CZ have recently been charged with money laundering offences in the US. If regulators continue to clamp down on Binance, the exchange may lose users. This would mean fewer people using BNB.

Centralised BNB holdings. Binance owns or custodies over 80% of BNB. This creates a central point of failure for the asset. If Binance's BNB holdings were to be hacked, it would likely negatively impact the price of the crypto. Similarly, BNB is used for proof-of-stake consensus on the BNB Chain, which means that the blockchain is effectively centralised.

Quarterly auto-burning. Binance has a quarterly auto-burn schedule for some of the BNB it holds on its balance sheet. In other words, every quarter, Binance burns or permanently destroys an amount of its BNB holdings. This reduces the supply of BNB and, in turn, theoretically benefits the price of the asset.

BNB (BNB) price

Use our graph to track the performance of (BNB) over time.

How we keep this BNB guide up-to-date

  • BNB price data is regularly updated through data feeds so you always have the latest information.

BNB at a glance

Information last updated February 02, 2025 09:02 UTC.
Coin symbol BNB
Coin Marketcap AUD$95,771,046,902
Total BNB supply 145,887,576
Circulating BNB 145,887,576
Current price AUD$1050.64
All time high AUD$1.6
Notable team members Changpeng Zhao
Partnerships S.S. Lazio, Chiliz, Brave, Trust Wallet
Industry Decentralised finance
Token uses Transaction fees, staking, payments
Network Binance Smart Chain

BNB price performance over time

Historical prices compared with the price of $1050.64.

1 hour 0.74%
24 hours -2.21%
7 days -4.59%
14 days -4.87%
30 days -5.92%
60 days -14.88%
200 days 13.52%
1 year 116.28%

Disclaimer: Cryptocurrencies, including BNB, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BNB is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the BNB or any other cryptocurrency discussed.

Thomas Stelzer's headshot
Written by

Journalist

Tom Stelzer is a journalist with 6 years of experience covering personal finance, specialising in investment and cryptocurrency. With a Master of Media Arts and Production and a Bachelor of Communications in Journalism from the University of Technology Sydney, Tom provides expert analysis on digital assets and market trends, helping readers navigate the fast-evolving world of finance. See full bio

James Edwards's headshot
Co-written by

Journalist

James Edwards is a seasoned cryptocurrency expert and content creator with over a decade of experience in blockchain, DeFi and Web3. An early adopter of Bitcoin, he has contributed to major outlets like Nasdaq, CoinDesk, and The Street, and has reported at leading industry events such as TechCrunch Disrupt and CoinDesk Consensus. James has produced over 200 YouTube videos, including interviews with influential figures like Changpeng Zhao (CZ) and Tim Draper, and holds a Bachelor of Liberal Arts & Sciences in Psychology from the University of Sydney, along with a Tier 1 Generic Knowledge certification in compliance with ASIC standards. James created cryptocurrency content at Finder as a video producer, writer and editor from 2018 to 2023. See full bio

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