BinaryX Protocol (BNX) Price, Market Cap, How And Where To Buy BinaryX Protocol (BNX): With surge in the Crypto market in the past few years, A lot of developers has come up with their crypto projects and more is still coming as far as the market continue to boom. Without wasting much of your time, we will go directly to the reason you land on our page, which is to know much about “Black Diamond (DIAMONDS)” and How And Where To Buy Diamond (DIAMONDS).
What Is BinaryX Protocol (BNX)?
Cyber Dragon is a Play to Earn Game based on Binance Smart Chain. This game is powered by BinaryX team. Players can create characters, collect rare equipments and challenge Dungeon. The final challenge is to defeat the ultimate boss, the Cyber Dragon. A hero will receive the dragon treasure house rewards by defeating the dragon.
BNX is Cyber Dragon’s governance token. BNX token holders can participate in community governance and voting on major game decisions. Some key operations of the game require consuming BNX tokens, such as creating heroes, forging rare equipment, challenging the Cyber Dragon dungeon and some top dungeons.
How Many BNX Coins Are There in Circulation?
BNX launched its mainnet on May 7, 2021. The total number of tokens is capped at 21 million. After the initial mining is over, a total of 1.7 million tokens have been generated, and other tokens will be generated during the user’s use of BinaryX.
About the BinaryX Team?
The BinaryX team is a International team, members come from many countries, including senior technical personnel in the blockchain industry, they have participated in the development of top centralized trading platforms and decentralized chain projects, as well as from Professionals in the traditional financial industry who have managed derivatives assets of more than 100M USD.
BSG has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Major Crypto Currency like Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade BinaryX coin.
How And Where To Buy BinaryX.
With the high demand on getting BinaryX, A lot of users are stock online trying to get the right information on how to how & where to get their BinaryX asset as well as storing them. According to data gathered from CoinMarketCap and many other crypto websites, It’s clear that BinaryX is not available on many on many Crypto-Exchanges but as of the time of this writing BinaryX is available in Binance, Gate.io, BiMart and pancakeswap.
NOTE THAT: BinaryX cannot be directly purchased with fiats currency. However, You can still easily buy this coin by first buying USDT or any major Crypto Currencies like BITCOIN from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BinaryX.
Register on Fiat_to_Crypto Exchange
Since you can’t buy BinaryX directly with Fiat Currency, You will have to first buy one of the major cryptocurrencies (BTC, USDT, ETH). But in this case let’s consider USDT (USDT). You can perform this transaction on fiat-to-crypto exchanges, Uphold.com and Coinbase.com you can decide to use any of them as they are widely adopted in the crypto world, They are rated among the largest crypto exchanges that accept fiat deposits in the world.
All you need to do, create account with them ( ensure you keep your password safely) after creating an account then move to the next step which is to buy USDT.
Buy USDT with fiat Currency
Once you finished with account creating and verification process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer.
NOTE: You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer attract lower charges but slower purchases, Though it sometimes depends on the country of your residence, some countries will offer instant cash deposit with low fees.
Transfer USDT to an Altcoin Exchange
After buying your USDT, it’s worthy of note that since BinaryX is an altcoin that can’t be traded in all Crypto exchange, we need to transfer our USDT to an exchange that Squid can be traded. Many exchanges has their own policies as some has restrictions to some countries, for example Binance does not allow investors from USA as customers. So you have to choose an exchange that suit your location and create an account with them before proceeding to the next steps.
PLEASE NOTE: It will always be advised to set up 2FA authentication as it adds extra security to your account.
Deposit USDT to Your Preferred exchange
Depends on the policies of the exchange you might be required to go through another verification process, this usually takes minimum 0f 30 minutes and a maximum of a day, After the whole verification process you are now good to go.
Since we are now transferring our previously bought USDT on Coinbase to this wallet, click on ‘Copy Address’ or right-click on the full address and click copy to grab this address to your clipboard. Now head back to Coinbase, go to Portfolio page and click on the USDT on your asset list, then click on ‘Send’ on the right.
Under the Recipient field, paste the wallet address from your clipboard, for security and accuracy reason, you should always check if both addresses are matching and Click ‘Send’ to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to your preferred exchange.
Now go to your exchange to confirm your USDT arrival, don’t worry if you haven’t seen your deposit almost immediately, It might be undergoing some network verification in the blockchain network and this should take a few minutes for your coins to arrive. Depending on the network traffic condition of the USDT network, during busy times it may take even longer.
You should receive a confirmation notification from your exchange once your USDT has arrived. guess what? You are now finally ready to purchase your BinaryX
At this stage which is the final of your purchase, held to your exchanging platform, then go to ‘Exchange’. make sure “USDT” is selected to be able to trade USDT to altcoin pair of your choice, in this case BinaryX. You should see BinaryX/USDT, select that pair and you should see a price chart of BinaryX/USDT in the middle of the page. All you need to do is to execute your order and you are done getting your BinaryX asset.
Some Top Exchanges You Might Love Base On Your Location
BitMart – Is one of the most trusted cryptocurrency trading platform which provides real-time trading services including Bitcoin (BTC), Ethereum (ETH) and other Altcoins. It accept American customers unlike BINANCE that doesn’t support American customers.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services.
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here.
The Last Part And Conclusion.
After Purchasing your BinaryX, and your plan is to hold it for long. You will have to open a secure wallet online or you make use of appropriate “Cold Wallet” as there had been too many hacking incidents associated with online and funds had lost severally.
Thank you for your time, note that this page is open for update and corrections.