What is BNB?
BNB is the native coin and utility token of the BNB Chain ecosystem. It helps power activity on BNB Chain, including paying transaction fees when you interact with BNB Smart Chain (BSC) or opBNB.
BNB can also be used across decentralised applications (dApps) in the BNB Chain ecosystem. On BNB Chain, BNB also serves as a governance token.
How to buy BNB in Singapore
In the Crypto.com App, here is the basic flow:
- Sign up and verify your identity.
- Top up your account.
- Open the trading screen, select BNB and complete your purchase.
You can buy a fraction of BNB. The minimum purchase depends on your payment method: SGD 1 for direct purchases with Apple Pay or Google Pay, SGD 20 by card, and SGD 50 by FAST bank transfer.
Ways to fund a BNB purchase
To fund a BNB purchase in the App, you can use FAST bank transfers in SGD, Swift transfers in USD, a debit card, Apple Pay, Google Pay or crypto deposited from another wallet.
FAST bank transfers in SGD and Swift transfers in USD are free on Crypto.com. Crypto deposits are free too, though other charges may apply.
Once your funds are available, you can buy BNB, then hold and manage it in the App.
What to check before transferring crypto to buy BNB
If you deposit crypto to fund your account, use the deposit address shown in the App and make sure you're sending to the correct address. Crypto transactions are irreversible.
If it's your first crypto deposit to the Crypto.com App, consider sending a small amount first to check how the process works.
Trying to deposit a non-supported token may result in the loss of tokens. Deposits through unsupported chains cannot be credited or refunded.