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To get discounts on trading fees on the Binance platform or to participate in its new projects, you will need BNB coin.
This guide will show you the easiest way to buy BNB in UAE, using Emirati Dirhams directly from your bank account via the Kazawallet platform.
What is Binance Coin (BNB) and What Are Its Uses?
Binance Coin (BNB) is the native currency that powers the ecosystem of the Binance platform, the world’s largest cryptocurrency exchange. BNB is primarily used for:
- Paying for Trading Fees: Users can get discounts on trading fees when they pay with BNB on the Binance platform.
- Fueling the BNB Smart Chain (BSC): Just like Ethereum, BNB is used to pay for transaction fees (Gas Fees) on the BSC network, which supports thousands of decentralized applications (DApps).
- Participating in New Projects: BNB allows its holders to participate in new project token sales via the Binance Launchpad.
- Payments: It can be used to pay for goods and services at an increasing number of merchants worldwide.
Read More: Bitcoin vs. Binance: Which is the Better Investment?
What is the Best Way to Buy Binance Coin in UAE?
When looking for the best way to buy BNB in UAE, you need a platform that combines ease, security, and direct access. The Kazawallet platform is the best platform to buy BNB in UAE because it offers:
- Direct Access from Your Bank Account: You can fund your account directly with Dirhams.
- Instant Purchase: There are no complicated intermediate steps, and you can convert Dirhams to Binance Coin directly.
- Secure Environment: The platform ensures the security of your transactions and digital assets.
What are the Steps to Buy BNB in UAE?
Step One: Depositing Dirhams into Kazawallet
To start buying Binance Coin in UAE, you must have a Dirham balance on the Kazawallet platform:
- Start from the Deposit section: After logging into your Kazawallet account, go to the “Deposit” section.
- Select the Dirham currency: From the currency list, choose “Emirati Dirham.”
- Choose Bank Transfer: Select “Bank Transfer” as the payment method.
- Execute the transfer. For a detailed explanation of each step in this phase, you can refer to our comprehensive guide on how to deposit Emirati Dirhams via bank transfer. Once the funds arrive, you will receive a notification, and the balance will appear in your Kazawallet account.
Step Two: Exchange Dirhams to Binance Coin (BNB)
Once your Dirham balance has arrived, you can start buying BNB in UAE by following these steps:
- Go to the Exchange section: From the main menu, choose the “Exchange” section.
- Select the payment asset: In the “You Pay” field, choose your Emirati Dirham (AED) balance.
- In the “You Receive” field, choose BNB.
- Enter the amount in Dirhams you wish to use. The platform will show you the amount of BNB you will receive.
- Review the details and click “Exchange” to complete the purchase.
Expand Your Digital Wallet with Other Available Currencies
In addition to BNB, the Kazawallet platform allows you to easily diversify your investments by purchasing other leading digital assets:
- Buy Bitcoin (BTC): The largest and most famous digital asset.
- Buy Ethereum (ETH): The fuel of the smart contracts and decentralized applications world.
- Buy Solana (SOL): An option that focuses on high speed and low cost.
- Buy USDT: A stable digital dollar ideal for preserving value.
- Buy USDC: Another digital dollar known for its transparency and reliability.
- Buy Tron (TRX): A currency that focuses on transaction speed and low costs.
What Can I Do After Owning Binance Coin (BNB)?
After buy Binance Coin in UAE, you can manage your new digital asset in several ways:
- Hold it as an investment.
- You can withdraw it to an external wallet to interact with BSC network applications.
- Exchange it for other available currencies on the platform.
- Convert it back to Dirhams and withdraw it to your bank account using the AED withdrawal guide.
Frequently Asked Questions (FAQ)
What is the difference between BNB and Binance-Peg BUSD?
BNB is the native currency of the Binance network and its value fluctuates. BUSD, on the other hand, is a stablecoin pegged to the dollar issued by Binance, similar in function to USDT.
Do I need a Binance account to buy BNB?
No, when buying through Kazawallet, you can buy and store BNB directly in your account on the platform without needing an account on any other exchange.
Is the purchase made at the live market price?
Yes, when using the “Exchange” section in Kazawallet, the purchase is made at the current market price to ensure transparency and fairness.
Conclusion
Congratulations on successfully completing the purchase.
You now own BNB, the essential tool for interacting with the Binance ecosystem.
The next step is to explore how you can use it to your advantage, whether that’s reducing trading fees or participating in new projects launched by the platform.
Read More: The Difference Between USDT and Binance USD: Which Coin Carries Less Risk?
