How and Where to Buy BinaryX – An Easy Step by Step Guide

What is BinaryX?

BinaryX is the blockchain gaming platform behind Cyber Dragon, a play-to-earn metaverse game that uses NFTs within the gaming ecosystem. Players will earn BNX tokens for simply participating in the game and further rewards can be earned on completion of missions. 

BNX is a BEP-20 token on the Binance Smart Chain. This means it is built to the Binance standard (similar to ERC-20 tokens within the Ethereum ecosystem). Binance Smart Chain was chosen due to its scalability and lower transaction costs which is needed for a multiplayer game like Cyber Dragon. 

To purchase BNX tokens online, you’ll have to use a cryptocurrency exchange. This is an online trading platform for digital assets. Several exchanges, such as Binance and CryptoWallet.com, allow you to buy crypto tokens with a credit or debit card.

Others, on the other hand, are altcoin exchanges that exclusively accept cryptocurrency and do not accept fiat cash. You can only trade crypto tokens like BNX for other crypto tokens on these altcoin exchanges.

BNX cannot be purchased using fiat cash at the moment. You’ll need to first buy a cryptocurrency such as Bitcoin (BTC) or Ethereum (ETH) via a cryptocurrency exchange such as CryptoWallet.com or Coinbase. Then, on an altcoin exchange, you can trade your tokens for BNX tokens.

Don’t be worried if this sounds complicated! We’ve got you covered with our simple step-by-step guide to purchasing BinaryX tokens online with CryptoWallet.com.

You can purchase crypto tokens with a debit or credit card through CryptoWallet.com. With our mobile app, you can trade cryptocurrencies wherever you are, and our crypto card allows you to spend your tokens at retailers all around the world.

What is BinaryX?

BinaryX is the blockchain gaming platform behind Cyber Dragon, a play-to-earn metaverse game that uses NFTs within the gaming ecosystem. Players will earn BNX tokens for simply participating in the game and further rewards can be earned on completion of missions. 

BNX is a BEP-20 token on the Binance Smart Chain. This means it is built to the Binance standard (similar to ERC-20 tokens within the Ethereum ecosystem). Binance Smart Chain was chosen due to its scalability and lower transaction costs which is needed for a multiplayer game like Cyber Dragon. 

To purchase BNX tokens online, you’ll have to use a cryptocurrency exchange. This is an online trading platform for digital assets. Several exchanges, such as Binance and CryptoWallet.com, allow you to buy crypto tokens with a credit or debit card.

Others, on the other hand, are altcoin exchanges that exclusively accept cryptocurrency and do not accept fiat cash. You can only trade crypto tokens like BNX for other crypto tokens on these altcoin exchanges.

BNX cannot be purchased using fiat cash at the moment. You’ll need to first buy a cryptocurrency such as Bitcoin (BTC) or Ethereum (ETH) via a cryptocurrency exchange such as CryptoWallet.com or Coinbase. Then, on an altcoin exchange, you can trade your tokens for BNX tokens.

Don’t be worried if this sounds complicated! We’ve got you covered with our simple step-by-step guide to purchasing BinaryX tokens online with CryptoWallet.com.

You can purchase crypto tokens with a debit or credit card through CryptoWallet.com. With our mobile app, you can trade cryptocurrencies wherever you are, and our crypto card allows you to spend your tokens at retailers all around the world.

Step 2: Buy BTC with Fiat Money

The next step is to add fiat currency to your wallet and use it to purchase Bitcoin tokens. Using a bank card or a wire transfer, you may quickly add money to your wallet. You can buy BTC tokens when your transfer has been completed and the cash has been shown in your wallet.

Visit our cryptocurrency exchange and choose the cryptocurrency you wish to buy. Choose the amount of Bitcoin you want to buy and confirm the price.

Your BTC tokens will be transferred to your wallet after you click the Select button. It may take a few moments for the order to be finalized and shown in your wallet.

Step 3: Transfer BTC to an Altcoin Exchange

The next step is to transfer your BTC tokens to an exchange that supports BinaryX. You’ll need a wallet that accepts both Bitcoin and BNX tokens. Both MetaMask (a browser extension, mobile app, and desktop software) and TrustWallet (a mobile app) are well-known options for keeping both tokens.

Other wallet options that may support both are available, but you should do your research to ensure the wallet is secure and not a scam. Once your new wallet has been created, you can use your keys to transfer your BTC tokens to it.

There are several altcoin exchanges that support BNX tokens including Binance, Gate.io, PancakeSwap or MEXC. Token pair exchange rates will vary between exchanges, so it’s vital to look around for the best value.

Head to your chosen exchange and trade your BTC tokens for BNX tokens. Select the BTC/BNX trading pairs from the exchange page.

Last Step: Store BinaryX Securely

Finally, and most importantly, store your tokens securely! Since many altcoins aren’t supported by major exchange wallets, you’ll need to use a separate altcoin wallet.

Many platforms offer wallets that claim to accept BNX tokens, however some are hoaxes designed to steal your assets. We’ve looked at some of the best secure wallets on the market to help you make your pick.

First, let’s define a cryptocurrency wallet. A wallet consists of two keys that must be used in order to receive and transmit tokens. To transfer money, a private key is required, but to receive tokens, a public key is required. There are two types of wallets: “cold” offline wallets and “hot” online wallets.

Cold wallets, also known as hardware wallets, are the most secure since your keys are held offline on a physical device. Ledger is a well-known wallet manufacturer that offers a wide range of hardware wallets to meet your requirements. However they need to be connected to an online device to be used which can be inconvenient.

Hot wallets, also known as software wallets, are far more convenient because they let you access your assets from any place. They are, however, far more vulnerable to hacking as a result of their constant internet connection.

Many cryptocurrency traders store the bulk of their digital assets in a protected wallet like CryptoWallet.com. They then use an altcoin wallet like MetaMask or TrustWallet to store and trade altcoins like BNX. This means that the vast majority of their digital assets are secure and protected.

We believe CryptoWallet.com is a fantastic choice since it allows you to hold the top five cryptocurrencies in terms of market capitalization and volume (BTC, ETH, XRP, USDT, and LTC). Our mobile app lets you access and trade your tokens from anywhere, and our crypto card lets you spend your money at retailers all around the world.

Other Useful Tools for Trading BinaryX

CoinMarketCap has a page dedicated to almost every cryptocurrency, including information such as cryptocurrency price history, whitepapers, community sites, price charts, market data, and much more. If you’re unfamiliar with a token, here is an excellent place to start. On the market tab of the coin’s page, you’ll also be able to see where you can purchase or sell the coin.

If you find it tough to keep up with all of the latest cryptocurrency news, Coindar might be a useful app. Coindar is a great cryptocurrency calendar tool for keeping track of airdrops, hard forks, and other events. You can enable notifications for tokens and projects you are interested in. It’s a must-have tool for every trader with a broad cryptocurrency portfolio.

Kubera is a useful tool for managing your wealth portfolio. Kubera allows you to link all of your crypto wallets and exchanges so you can monitor and track your crypto assets in one place. It also allows you to connect fiat accounts and track your fiat assets, providing you with a complete picture of your whole portfolio.