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Where to buy BinaryX: BNX Buying Guide 2022

By Colin F. 8 min read

Did you made up your mind to invest in BinaryX but don’t really know how to buy BNX. Well then if that’s the case then we are more than happy to assist you on this one right here. There are several methods to purchase BinaryX (BNX), but a exchange is likely to be the most accessible for newcomers. We will guide you step by step from depositing your money to finally getting the BinaryX in your wallet. Let’s get into the crux and see what the process looks like.

Where to buy BinaryX

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase BinaryX (BNX) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your BinaryX.

1. Binance

Binance is well-known for its cryptocurrency-to-cryptocurrency trading services. Binance came onto the scene during the 2017 crypto craze and has since risen to become the world's leading cryptocurrency exchange. 

By trading volume, Binance is the world's largest online cryptocurrency exchange. The exchange is also one of the most rapidly growing venues in the cryptocurrency market today. You can easily buy and sell BinaryX (BNX) using our step by step guide.

The exchange offers investors one of the most diverse selections of cryptos accessible on the market today. The currencies and tokens on sale range from the markets largest by market cap to some smaller and less well-known coins and tokens.

Getting Started with Binance

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward, and you do not need to verify your account for level 1, which has a daily withdrawal limit of 2BTC.

For level 2, which enables up to 100BTC every day, you must upload a picture ID and wait for approval. There are still greater restrictions, but you must contact them personally to arrange for them.

Follow the steps below to open a Binance account:

Step 1: Visit the Binance Website

Step 2: Click on the “Register” option in the upper right-hand corner and complete the relevant information. Binance will validate your account details throughout the registration process, which may take a few minutes.

Step 3: Enable 2-Factor Authentication.

Step 4: Select and Link you payment Methods.

Step 5: Deposit and Start trading.

How to buy BinaryX on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase BinaryX (BNX) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of BinaryX you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of BinaryX you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired BNX in your Binance Spot Wallet immediately.


2. Gate.io

Gate.io is a Cryptocurrency exchanges platform that allows you to trade Bitcoin, Litecoin, Eth, and other blockchain assets. Within a few years, the exchange acquired global traction and is today available in virtually every country on the planet. However, the platform is presently not active in China, and its registered office has been relocated to Virginia, USA.

This trading platform not only supports over 800 main cryptocurrencies with over 1,000 trading pairings, but it also offers spot trade and margin trade. It has also expanded its offerings to include ETFs, options, futures, and derivatives for investors. It is primarily a platform for professional traders. Beginners with minimal expertise, on the other hand, will benefit from this platform as well.

Getting Started with Gate.io

Creating an account on Gate.io is pretty simple and straightforward, just follow these simple steps below.

Step 1: Go to the official Gate.io website and click Sign Up.

Step 2: On the next screen, enter your email address, and create a password.

Step 3: Next: You must generate a fund password (This password adds an extra layer to your security as without this key no one can withdraw funds from your account).

Step 4: You will be prompted to confirm your email address.

Step 5: Once you've verified your email, you can simply Login to the site and begin trading!

Note: Due to changing regulations, You might need to go through a KYC process to verify your identity.

Gate.io Pros

  • The platform is available in over 400 markets and 800 coins worldwide.
  • The IEO (initial exchange offering) platform is fantastic.
  • Strong mobile application.
  • There are several options available, including spot trading and margin trading with 10x leverage.
  • Exchange that is extremely secure.
  • Customer service is available 24/7.

Gate.io Cons

  • The exchange is unregulated.
  • It is not advised for inexperienced traders.

How to buy BinaryX on Gate.io

Follow our step by step guide to buy BinaryX (BNX) on gate.io:

1. Log in to your Account on Gate.io.

2. Click Buy Crypto fro main menu located at top bar. Here you will find three ways to buy BNX coin (Credit card, Bank Transfer, P2P Trade).

3. Enter the purchase amount in USD. Now select/search BinaryX from dropdown menu.

4. Incase of Credit card, gate.io offer multiple processing partners, select the one that offer services in your country.

5. Accept the terms and conditions and click Purchase.

Now you are Proud investor in BinaryX (BNX).

If you want to buy BinaryX with another cryptocurrency. First, Transfer that currency into the Gate.io exchange using Deposit method after that go to the market page, search for BNX and buy it using your deposit cryptocurrency.


Other Exchanges to buy BinaryX

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy BNX.

1. BKEX Join Now
2. ZB Join Now
3. MEXC Global Join Now
4. Hoo.com Join Now
5. Biswap Join Now
6. Nominex Join Now
7. CoinEx Join Now
8. Dodo (BSC) Join Now

Buy BinaryX on Decentralized Exchanges.

Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy BinaryX (BNX) easily.

1. PancakeSwap (v2)

PancakeSwap Exchange started in September 2020 on the Binance Smart Chain as an alternate automated market maker (AMM) to Uniswap Exchange, with cheaper transaction fees and faster speeds. While it began as just a copy and paste of Uniswap on some other blockchain, PancakeSwap Exchange has now evolved a number of features that have allowed it to be utilized more often than Uniswap.

With a variety of features and opportunities for users to make earnings, the platform currently has more Total Value Secured than Uniswap. PancakeSwap Exchange can meet your demands if you are seeking for a decentralised exchange with cheap fees and transaction expenses.

PancakeSwap (v2) Features

PancakeSwap features that describe what more users may accomplish in the exchange. For example, take a look at the PancakeSwap farms, where users may invest their LP tokens to make extra cryptocurrency. 

Meanwhile, PancakeSwap provides a quick and secure way to exchange tokens from BNB or any other BSC supported token to the cryptocurrency of your choosing on the BSC network. Best of all, customers of the exchange may profit from the BSC blockchain's minimal gas prices. As a result, traders and investors may optimize their profits by exchanging crypto with a high degree of security. PancakeSwap is intended to do a variety of features, including:

  1. BEP20 tokens are traded.
  2. Users can provide liquidity to exchanges in exchange for benefits.
  3. CAKE token holders may put their money on the line.
  4. Users may use their liquidity power tokens to get access to further incentives.
  5. CAKE tokens may be compounded to obtain even more CAKE tokens.
  6. To optimize overall yields, use a variety of staking platforms.

How to buy BinaryX on PancakeSwap (v2)

In this section, we'll go through below steps on how to make your first BinaryX purchase on Pancakeswap.

Step 1: Go to Pancakeswap.finance, click Connect Wallet and select Metamask or Trust Wallet. After connecting your wallet to Pancakeswap, you can now begin trading tokens on the Pancake official site.

Step 2: Click Trade > Swap from the main menu. Select the token you want to trade for, and the token you want in the top section (in our case BinaryX), You can also search BinaryX (BNX) in Coinmarketcap and copy/paste the BNX contract in Pancakeswap.

Step 3: You are now ready to place your order. You can put a number in the top area to specify how much you want to spend, or a number in the bottom field to specify how much you want to purchase.

 

Step 4: Before you finalize the conversion, go through the details and double-check that everything is in order. When you're finished, simply press "Swap" and then "Confirm Swap." That’s all.

As soon as the trade is verified, BinaryX will appear in your wallet.


2. OpenOcean

OpenOcean is a decentralized exchange that aggregates derivatives, lending products, and insurance products on multiple blockchains.

They also have a large community of existing users. The company's roadmap is full of exciting features. Additionally, the platform is transparent when it comes to trading fees and aims to offer optimal user experience for its users.

If you're a crypto investor and want to buy using decentralized exchange, OpenOcean can be the right choice for you.



Conclusion

Choosing the best cryptocurrency platform for BinaryX (BNX) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.




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