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Where & How to Buy BNB (BNB) in Australia for Beginners in 2025
In page navigation
- 1. Where & How to Buy BNB (BNB) in Australia for Beginners in 2025
- 2. How to buy BNB from Australia quickly in 3 steps
- 3. Where can I buy BNB?
- 4. Best Australian exchanges to buy BNB (BNB), reviewed
- 5. Is it legal to buy crypto in Australia?
- 6. What is the best way to pay for BNB (BNB)?
- 7. How to trade BNB
- 8. How do I store BNB (BNB) in Australia?
- 9. Is now a good time to buy BNB?
- 10. FAQs
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You can buy BNB in Australia via a cryptocurrency exchange. It takes just a few minutes to buy BNB this way. Follow our quick step guide for Australian investors and compare the best places to buy BNB in Australia below.
How to buy BNB from Australia quickly in 3 steps
Copy link to sectionTo buy BNB from Australia, you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to a crypto platform
Copy link to sectionWe’ve ranked Plus500 as the best crypto platform in Australia to get started with. Alternatively, here are several other platforms that allow you to buy BNB from Australia.
Plus500
This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.
Eightcap
AvaTrade
Australian exchanges have to be registered with AUSTRAC in order to operate and comply with Australian regulations. We only recommend platforms which are registered in order to protect you from frauds and scams.
Typically, it’s a good idea to go with a locally-registered exchange anyway. That way you can be sure the exchange is in compliance with local laws, and it’s much more likely to accept AUD deposits and accept local payment methods.
Step 2. Deposit AUD
Copy link to sectionAdd Australian Dollars via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 AUD on most services.
Step 3. Purchase BNB token
Copy link to sectionLocate the search box and type BNB. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.
Now you own BNB tokens! Not a big deal, right?
Where can I buy BNB?
Copy link to sectionThe overall best platform to buy BNB for beginners in Australia is Plus500 .
Here are the top five places to buy BNB from Australia, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
Read more about how we rate, rank and review platforms.
Best Australian exchanges to buy BNB (BNB), reviewed
Copy link to sectionWe found 12 crypto platforms for users based in
1. Plus500. Best for international trading*
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Overview
We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to futures contracts for some of the biggest indices.
Plus500 has something for all types of traders, no matter what level of experience. Its low margin requirements (starting at $100) and different contracts make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting.
For accurate instrument availability, visit plus500.com.
The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website.
*Based on a comparison of 60+ leading brokers and trading platforms.
Highlights
| No. of tradable assets | 2800+ |
| Min. Deposit | $100 |
| ID verification required | Yes |
| Free demo account | Yes |
| Supported assets | Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | FSA, ASIC, FMA, FCA, CySEC |
Fees & Costs
| Trading fees | No |
| Inactivity fees | Yes |
| Rollover/overnight fees | Yes |
| Withdrawal fees | No |
| Spreads | Yes |
| Conversion fees | Yes |
Pros & Cons
This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.
2. Eightcap. Best online broker for choice of trading platform
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Overview
We love Eightcap because you have several trading platforms to choose from. You can choose between MetaTrader 4, MetaTrader 5, and TradingView. All of these platforms are favourites among retail traders. With the MetaTrade suite of platforms, you can access lots of technical indicators, custom tools, and expert advisors.
TradingView with Eightcap allows you to trade directly from your charts while accessing the hundreds of tools and features available. Eightcap has over 40 forex pairs available, including the majors, minors, and some exotic crosses.
The fees: Eightcap is a CFD broker and charges spread, commissions, or a combination of both. There are two account types available, RAW, and Standard. The RAW account has ultra-low spreads starting from 0.0 pips but charges $3.5 RT per lot. The standard account is commission-free for most assets and spreads start from 1 pip.
Highlights
| No. of tradable assets | 800+ |
| Min. Deposit | $100 |
| ID verification required | Yes |
| Free demo account | Yes |
| Supported assets | Stocks, Crypto, Commodities, , Indices |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | ASIC, FCA, CySEC |
Fees & Costs
| Trading fees | Yes |
| Inactivity fees | No |
| Rollover/overnight fees | Yes, on certain assets |
| Withdrawal fees | Yes, for certain payment methods |
| Spreads | Yes |
| Conversion fees | Yes, currency dependent |
Pros & Cons
3. AvaTrade. Best regulated broker for secure trading
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Overview
We love AvaTrade because it is a reliable CFD broker, that gives users access to a wide range of markets. As a CFD broker, AvaTrade lets you speculate on the price movements of various currency markets without owning the underlying assets. AvaTrade is a multi asset brokerage firm and includes CFDs for multiple forex pairs including EUR/USD, GBP/USD, USD/JPY, and more.
AvaTrade is also highly regarded for its strong regulatory framework and commitment to security. AvaTrade is regulated in multiple jurisdictions, including Europe, Australia, Japan, South Africa, and the British Virgin Islands, which means it must adhere to stringent regulatory standards across the world.
AvaTrade isn’t just well regulated, it also employs advanced security measures to protect client funds and personal information, including segregated accounts and robust encryption technology.
The fees: There is no commission on any trading. AvaTrade makes money from the Bid/Ask spread instead. Forex spreads start at 0.7 pips. Positions left overnight are charged a swap fee that varies depending on size. An inactivity fee of £/€/$50 per month is applicable if you don’t log in to your account for three consecutive months.
Highlights
| No. of tradable assets | 1250+ |
| Min. Deposit | $100 |
| ID verification required | Yes |
| Free demo account | Yes |
| Supported assets | Stocks, Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Commodity CFDs, Index CFDs |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | FSCA, FSA, ASIC, CBI, MiFID, CySEC, BVIFSC, FRSA |
Fees & Costs
| Trading fees | No |
| Inactivity fees | Yes |
| Rollover/overnight fees | Yes |
| Withdrawal fees | No |
| Spreads | Yes |
| Conversion fees | No |
Pros & Cons
4. KuCoin. Best social trading altcoin exchange
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Overview
We love KuCoin because it’s a great place for beginners to trade more than 700 altcoins. Kucoin offers a vast range of cryptocurrencies including all the big names like Bitcoin and Ethereum, together with hundreds of altcoins and newly released tokens.
The exchange gives you multiple ways to trade and invest in crypto, including spot trading, futures trading, margin trading, and staking. This choice allows you to choose the method that best suits your trading strategies and risk tolerance.
Kucoin is a top platform for both beginners and experienced traders. Its intuitive interface is easy to get to grips with and its advanced trading features mean even high volume traders can make use of it. Kucoin also offers an earn feature, where you can generate passive income through staking and lending, making it one of the best all round crypto exchanges.
The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.
Highlights
| No. of tradable assets | |
| Min. Deposit | |
| ID verification required | No |
| Free demo account | No |
| Supported assets | |
| Mobile trading app | No |
| Web trading platform | No |
| Regulatory bodies |
Pros & Cons
5. Bybit: Best crypto exchange for derivatives & margin trading
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Overview
We love Bybit because it offers a range of advanced trading tools and competitive rates on crypto derivatives. It’s a rapidly growing crypto exchange, perfect for experienced traders looking for leveraged trading opportunities.
Boasting a wide range of crypto products, from buying and selling to staking and borrowing, Bybit is at the forefront of the next generation of crypto services, shaking up the traditional financial system and offering different ways to put your crypto to good use.
Bybit is primarily designed for more advanced traders, with integrated charts from TradingView that allow for extensive technical analysis across 100+ indicators. It’s highly secure, too, with regulatory approval in Europe and the Middle East, and it offers a comprehensive service to users around the world (except the US).
The fees: Fees are charged through a maker and taker system, so that there are cheaper fees to those who provide liquidity. ByBit’s fees start from 0.020% for makers and 0.055% for takers, which are highly competitive and match them up to any of the big players in the exchange game.
Highlights
| No. of tradable assets | 1,300 + |
| Min. Deposit | $10 |
| ID verification required | Yes |
| Free demo account | Yes |
| Supported assets | Crypto, NFTs |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | ACRA, AUSTRAC, FCA |
Fees & Costs
| Trading fees | Yes |
| Inactivity fees | No |
| Rollover/overnight fees | No |
| Withdrawal fees | Yes, payment method dependent |
| Spreads | Yes |
| Conversion fees | No |
Pros & Cons
Is it legal to buy crypto in Australia?
Copy link to sectionYes, it’s completely legal to buy, sell, or trade BNB in Australia. The Australian government is relatively crypto friendly. Though it has put in place some money laundering regulations (known as AML) and provided warnings about crypto as a highly volatile investment, it has taken a hands-off approach to crypto regulation in general.
These regulations are enforced through AUSTRAC, a government agency which keeps exchanges in line. Exchanges must be licensed in order to operate in Australia, and that license ensures they comply with Australian Securities and Investments Commission (ASIC) regulations.
You can search the AUSTRAC database to find out whether your exchange is registered, or you can simply search for the exchange name and ‘AUSTRAC’ online and get the information you need.
What is the best way to pay for BNB (BNB)?
Copy link to sectionThe simplest way to buy BNB cryptocurrency in Australia is with your bank card. However, you can make a deposit in other ways, though there are fewer options if you want to make a deposit in AUD. Here are some of the top ways to pay for BNB.
- Buy BNB with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way, or it simply may not be available. Binance, for instance, charges a 2% fee to buy crypto with AUD and you can’t make a withdrawal in that currency.
- Buy BNB with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant. However, some banks might limit how much you can invest in crypto. For example, last year Commonwealth Bank put a limit of AUD $10k per month on crypto purchases.
- Buy BNB with PayPal. Some crypto brokers in Australia accept deposits via PayPal. Not many exchanges offer this option, however you can use this guide to explore the best crypto exchanges that accept PayPal.
- Alternative payment methods. Crypto brokers often let you buy BNB and pay with other providers or international money transfer services, like Neteller, PayID, Poli, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How to trade BNB
Copy link to sectionYou can trade BNB on a Australian cryptocurrency exchange using a few simple steps.
Here’s a quick example that clearly lays out how BNB crypto trading works. Most crypto trading uses USD as a base currency, rather than AUD, so we’ll use that for our example:
- Monitor the price: For simplicity, let’s say the price of BNB/USDT is $1. You read the price charts and decide that now is a good time to start purchasing BNB.
- Open a trade: You trade one USDT for one BNB ($1 USD for 1 BNB).
- Continue to monitor the price: The following month, one BNB token is now worth $2, a 100% increase.
- Close your trade: You trade your BNB token back to USDT for $2.
In this example, you buy and sell BNB, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade in order to be successful.
How do I store BNB (BNB) in Australia?
Copy link to sectionMost Australian crypto investors keep their crypto on the exchange they used to buy it. If you plan to hold onto it for only a little while, that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of BNB, you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Crypto wallets are available wherever you are in the world, they don’t suffer from the same geographic restrictions as an exchange or trading platform might.
Two of the best BNB wallets for Australia, or anywhere else in the world, are MetaMask and the Ledger Nano S.
Is now a good time to buy BNB?
Copy link to sectionThe answer depends on the current BNB/AUD price and your own investment goals. Put simply, buying BNB, selling BNB, and trading BNB are all the exact same process in literal terms. It’s really just your personal investing intentions that defines whether ‘now’ is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade BNB.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of BNB, then a good time to purchase BNB is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying BNB and selling it the next day probably isn’t why you’re here either.
How has BNB (BNB) performed this year?
Copy link to sectionThe current BNB price today is $552.29, which is -30.39% versus its all time high of $793.35, which it reached on 04 December 2024. BNB is -4.53% this year, with a 52 week high of $793.35 and a 52 week low of $407.52.
Regardless, closely following BNB price news & analysis will help you decide when to pull the trigger.
