Select the fiat currency and the cryptocurrency you want to buy. Log in to your Binance account and click Buy Crypto - Credit/Debit Card. This presents a long-term bullish outlook if all assumptions turn out as experts predict. You can now buy cryptocurrencies with fiat currency on the Binance website using Apple Pay and Google Pay. Damning as the case appears, BNB is not alone in the fight as the trading of ADA, SOL, FIL and others on secondary exchanges constitutes investment contracts per the SEC.Īs Binance and Coinbase fight the SEC in this regard, a good precedent is set in XRP’s ruling. One major challenge of Binance Coin is the impact of the crackdown from the U.S. Crypto Rand confirmed that BNB recently witnessed an impressive increase in volume not recorded months ago. Should the optimism from Crypto Rand materialize into actual growth, it can usher in a rally that might return the coin to the $260 range soon.īNB trades at $212.14, with its market capitalization pegged at $32.18 billion. The immediate mission is to regain the $230 resistance. Currently, BNB has once again flipped the support at $230, dropping below $210 earlier this month. This downward move ushered in its second consolidation phase from June to August. Marked by the upper blueish bands, BNB oscillated differently and even breached the $260 support zone around January.Īs uncertainties surrounding Binance’s legal status in the United States emerged, BNB nosedived below $260 in June, turning that price point into new resistance. You can choose the cryptocurrencies you want to purchase on a daily, weekly, bi-weekly, or monthly basis. It is a dollar-cost averaging (DCA) investment strategy. From August 2022 to June this year, BNB hovered between a low price of $260 and a peak of $340. Auto-Invest allows you to automate crypto investments and grow your crypto holdings.
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