Introduction
Welcome to the page dedicated to exploring everything you need to know about Binance Coin (BNB) on eToro! Binance Coin is a cryptocurrency that was created by the Binance exchange, and it has quickly become one of the most popular coins in the world. eToro is one of the leading online trading platforms where you can buy, sell, and trade the Binance Coin token (BNB).
In this page, we will explore how you can start trading BNB on eToro. Whether you are new to the world of cryptocurrencies or a seasoned trader, this page will provide you with all the information you need to make informed decisions about investing in Binance Coin on eToro.
| 🏷️ Crypto Name | Binance Coin |
| 🚩 Symbol | BNB |
| 💰 Minimum Investment | $10 |
| 🏷️ Buy/Sell Fee | 1% |
| ⌚ Market Open | 24/7 |
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
How to Buy/Trade Binance Coin on eToro?
Yes, you can trade BNB Coins in the Binance exchange using the eToro trading platform. To start trading BNB Coins, just follow these simple steps.
- Click "Trade Markets".
Clicking "Trade Markets" on eToro - Select “Crypto”.
Selecting "Crypto" on eToro's Markets screen - Scroll to look for “BNB” and click on it.
Looking for Binance Coin on eToro's list of crypto assets - Click “Trade”.
Clicking "Trade" button on eToro's BNB crypto asset page - Set the amount you want to invest.
 on eToro's platform.webp)
Buying Binance Coin (BNB) on eToro's platform - Click “Open Trade”.
Executing BNB buy order on eToro
Minimum Investment for Trading BNB
To buy BNB on eToro, you will need to invest a minimum amount of $10.
Important: The minimum investment required to purchase Binance Coin (BNB) may vary depending on your geographical location due to differences in rules and regulations across countries.
To ensure that you have accurate information on the minimum amount required to invest in BNB in your region, it is recommended that you consult eToro's website terms and conditions or contact their customer support team for clarification. This will help you to make an informed decision about the minimum investment required for purchasing Binance Coin on eToro.
How to Sell Binance Coin on eToro?
If you want to sell your Binance Coin (BNB) holdings on eToro, you'll need to close your existing position. This can be done by accessing your portfolio, locating the BNB position that's currently open, and selecting "Close Trade" or the red X button. If you have multiple BNB positions that are open, you'll have the option to close either a select few or all of them. By following these steps, you can easily and efficiently sell your Binance Coin investments on eToro.
After completing the process of closing your Binance Coin (BNB) position on eToro, your original investment amount, along with any associated gains or losses, will be credited back to your account. This is a common practice in trading known as "shorting". By closing your BNB position and receiving back your initial investment, you can use the funds to make new investments or withdraw them from your account as desired.
Buy/Sell Fees
Acquiring Binance Coin (BNB) on eToro implies becoming its owner. It is essential to note that a 1% fee is applied to the buying or selling of BNB tokens. This fee is already included in the market price displayed when opening or closing a position, and it is incorporated into the Bid-Ask spread of the market price. Upon opening a new position, you may initially observe a loss in the position due to the included 1% buy fee.
Take note: The displayed Profit & Loss (P/L) will reflect the 1% buy fee that was paid, as well as the additional 1% sell fee that must be paid when the position is closed. By being aware of these fees, you can accurately plan your BNB investment strategy and avoid any surprises.
How to Copy Binance Coin Traders on eToro?
Before you can start copying other Binance Coin (BNB) traders on eToro, you will need to create an account and complete the verification process. This involves submitting personal information, verifying your identity, and answering a questionnaire that evaluates your trading background and risk appetite.
By completing these steps, you can ensure that you have a verified and secure account on eToro, which is necessary to begin copying the strategies of successful BNB traders. After doing this, here are the steps to follow:
- Navigate to the platform and search for traders who are trading Binance Coin. You can do this by typing "Binance Coin" or "BNB" at the search bar on the top of the screen. This will bring up a list of traders who are actively trading this cryptoasset on the platform.
- Once you have identified a trader that you want to copy, click on their profile to view their stats and performance history. This will give you an idea of their trading strategy, risk profile, and historical performance.
- If you decide to copy the trader, simply click the "Copy" button on their profile page. You will then be prompted to enter the amount of funds you want to allocate to copying their trades.
- Once you have set the amount of funds you want to allocate to copying the trader, eToro will automatically execute trades on your behalf based on the trades made by the trader you are copying. This means that you don't have to actively monitor the market or make trading decisions on your own - the trader you are copying will do this for you.
BNB Copy Trading - Did You Know?
While copying other Binance Coin (BNB) traders on eToro comes with risks, there are ways to mitigate these risks. One approach is to selectively choose traders with a history of successful trades and diversify your portfolio. By following these guidelines, you can improve your chances of minimizing risk and achieving profitable results.
BNB Wallet
eToro provides a secure and free crypto wallet app for Android and iOS devices. This multi-cryptocurrency wallet can hold over 120 different cryptocurrencies, including Binance Coin (BNB).
With this wallet, you can buy, store, receive, and transfer your cryptocurrencies with high-level security.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Benefits of the eToro BNB Wallet
Listed below are some of the advantages of using the BNB crypto wallet from eToro:
- User-Friendly
It is very user-friendly, making it easy for both new and experienced users to manage their BNB holdings. The interface is simple and intuitive, with clear instructions on how to use the features. - Security
It has top-level security features to keep your assets safe. It uses multi-signature technology to protect against unauthorized access, ensuring that only you can access your BNB holdings. - Convenience
You can easily manage your BNB holdings without the need for third-party services or external wallets. This makes it a convenient option especially if you prefer to keep your holdings on the platform platform. - Integration with the Trading Platform
The wallet service is fully integrated with eToro's trading platform, allowing you to easily move this cryptoasset between your trading account and the wallet. This means that you can quickly and easily manage your BNB holdings without having to leave eToro.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.