Like the Ethereum chain, the Binance Smart Chain is a smart contract-based blockchain that provides a platform on top of which developers can create their own crypto projects and tokens. Using BSC to create cryptos can be extremely beneficial for your project as Binance Smart Chain is among the most reputable platforms in the DeFi world. Developers can enjoy its low fees, high-speed transactions, and top-notch security.
There are a lot of tokens launched on BSC and many of them have already gained huge popularity and succeeded. In this guide, you will get familiar with the top BSC tokens to buy in 2024. We have chosen these tokens after carefully examining the market and considering such metrics as profitability, security, popularity, etc. You will also find detailed reviews for each coin and a step-by-step guide explaining how to buy BSC coins.
Top Binance Smart Chain (BSC) Tokens to Buy in November 2024
Though some of the best cryptocurrencies run on BSC, not all of them are worth investing in. However, there are projects that can be highly profitable as they have just entered the market and garnered high popularity or are quite well-established compared to others. Here is a quick list of the top 6 BSC coins to buy right now.
- Bitcoin BSC – Overall the Best BSC Token To Buy in 2024
- PancakeSwap – BSC Token Serving Most Popular AMM Platforms
- Zcash – Top BSC Coin Designed for Fast and Secure Transactions
- Ethereum – Highly Popular Crypto that just Got Merged with PoS Layer
- Cardano – Research-Based Crypto Platform with a Huge Potential for Growth
- Polkadot – Programmable Blockchain Platform Popular for Parachains
Top BSC Tokens to Buy Reviewed – Full List
If you want to go into detail and learn what the purpose of each cryptocurrency included in our recommendation list, you will get a lot of information in this section. We have reviewed all eight BSC tokens and introduced what they are used for. Read on to find out which token best suits your needs and which DeFi sector is more appealing to you to invest in.
Bitcoin BSC (BTCBSC) – Overall the Best BSC Token To Buy in 2024
Bitcoin BSC is one of the best BSC tokens to have come out this year. By implementing the same core fundamentals of Bitcoin but bringing them to the BNB Smart Chain, Bitcoin BSC aims to give people a second go at a Bitcoin investment to help them make parabolic gains at the same level Bitcoin investors did in 2011.
There are two attributes of Bitcoin BSC that make it a good Bitcoin alternative. One, it has similar tokenomics. There are 21 million tokens in total, out of which 6.125 million (29%) are available on the presale, where the price of each token is 99 cents. This was what Bitcoin was valued at when 6.125 million BTC were given away in 2011.
The second attribute is the project’s passive income-generating mechanic. Mirroring Bitcoin’s block reward, Bitcoin BSC is locking 69% of the total supply inside a staking pool, which will release regular block rewards every 10 minutes. But while the original Bitcoin uses hardware-heavy mining, Bitcoin BSC focuses on staking. Those who stake their BTCBSC tokens will accrue APY rewards every 10 minutes. At present, it is giving 0.25 BTC per block, and the estimated APY is 323%. While this reward will reduce as more tokens are staked, Bitcoin BSC plans to distribute these locked tokens over a span of 120 years, giving long-term upsides that crypto investors will appreciate.
Bitcoin BSC is currently available as a 2-staged presale, with a soft cap of 4 million tokens and a hard cap of 6.125 million tokens. The final 2% of the total supply has been allocated to DEX liquidity.
So far, Bitcoin BSC has raised closer to $2 million in less than a week, which means it won’t be long before this asset hits its target and goes live on cryptocurrency exchanges.
Overall, Bitcoin BSC brings Bitcoin to a greener blockchain, which can potentially bring eco-conscious investors to join up. The staking utility gives it a long-term upside, and the relevancy of Bitcoin this year and beyond can potentially lead to this token making parabolic gains for early investors. Some investors believe that it can be the next 10x crypto to watch out for.
Those who are interested can visit bitcoinbsc.io to participate.
PancakeSwap (CAKE) – BSC Token Serving Most Popular AMM Platforms
Pancakeswap is among the most widely known decentralized exchange platforms, which was launched in 2020. It uses the Binance Smart Chain, which gives the platform a lot of advantages over the exchanges built on the Ethereum blockchain. Among those advantages are higher scalability and lower transaction fees.
Traders can buy thousands of altcoins on the Pancakeswaps platform quickly and easily and can swap between thousands of crypto pairs. It is an automated market maker, which means that the platform does not match buyers and sellers together. Instead, you trade with the liquidity pools, which already contain the amount of BEP-20 tokens you want to buy. The transaction costs are extremely affordable: you need to pay 0.025% every time you buy or sell tokens. You can also lend tokens into the liquidity pools and get LP (liquidity provider) tokens and get rewards for that.
The platform is extremely popular, which is quite noticeable if you look at its followers on social media platforms. For example, its Twitter account has 1.6 million followers and the web platform has millions of active users. Apart from being a popular P2P decentralized exchange, it offers other services too which attract a lot of visitors. Among those features are crypto staking and yield farming opportunities with higher yield rates.
Additionally, Pancakeswap enables you to take part in the lottery using its native token – CAKE. It provides an extremely user-friendly platform where you can swap or buy and sell tokens in seconds. Its native token is CAKE which is used for various purposes within the network – including to enter a lottery, stake, etc. The platform is highly secure and is audited by Certik.
Your capital is at risk.
Zcash – Top BSC Coin Designed for Fast and Secure Transactions
Another Binance Smart Chain-based cryptocurrency to invest in 2024 is Zcash which was founded in 2016 and became quite valuable over the years. The idea of creating the Zcash cryptocurrency emerged even sooner – in 2013 when Bitcoin was still quite new. At that time a team consisting of highly professional programmers and researchers published a whitepaper of the Zercoin describing how to use the innovations in cryptography to create even more secure crypto than Bitcoin.
Zcash uses almost the same mechanism – it claims to be more anonymous than Bitcoin. The technology underlying its security is called shield addresses. These addresses give the users more privacy over their data. However, users can still select between two types of addresses – shield addresses and transparent addresses. Zcash gained huge popularity over the years due to its unique solutions and quickly became one of the most-traded cryptocurrencies.
Though Zcash has launched as an alternative to Bitcoin, it has a lot of similarities with this cryptocurrency. It is as scarce as BTC: only 21 million Zcash coins can exist in history in the same way as only 21 million Bitcoins can be mined. Zcash is mined similarly to Bitcoin. Miners need to run powerful computers and solve hard tasks to verify transactions and add a node to the blockchain. There are more than 15 million Zcash coins mined which make up 72% of its maximum supply.
ZEC coin scarcity is one reason why Zcash can become an even more valuable cryptocurrency in the future. As long as its supply is limited once there is a huge demand for the coin, its value is expected to increase. And Zcash has all the possibilities to do this as it has already been integrated by quite popular companies.
Still, Zcash is not as popular as Bitcoin and it is the 74th largest crypto by market cap though most of its coins are already mined and in circulation. The value for each ZEC coin is more than $25. On the other hand, it makes the ZEC coin more affordable than BTC, and you can buy it to get more profit in the future.
Your capital is at risk.
Ethereum – Highly Popular Crypto that just Got Merged with PoS Layer
Ethereum is the second most popular cryptocurrency in the world of Decentralized finance. It was created by young computer programmer Vitalik Buterin who thought of applying the idea of blockchain technology to other fields as well besides the payment system. Vitalik believed in the power of the blockchain and that it is capable of more than just being an alternative payment method. Hence the Ethereum project launched in 2014.
Ethereum offers a blockchain platform operated by smart contracts which developers can use to build other blockchains, including dApps, games, tokens, etc. It is meant to stand out with high scalability, decentralization, and security. It introduces an innovative idea of smart contracts through which users can build their platforms on the Ethereum blockchain. Its native token is Ether – ETH, which is used to pay for gas fees within the Ethereum blockchain. It is also the second largest cryptocurrency it’s possible to buy, with its market capitalization only second to Bitcoin.
Ethereum initially used the Proof of Work consensus mechanism to manage its blockchain. It is the same that Bitcoin uses for its blockchain and requires spending high electrical power to run computers that can solve hard tasks and create new blocks. However, this method of mining new blocks is highly dangerous for the environment as it consumes a lot of energy. But Ethereum was transitioning to a more environmentally-friendly consensus mechanism – Proof-of-Stake.
The cryptocurrency has recently accomplished the merging process, and its founder Vitalik Buterin, confirmed the final merge on its Twitter account. Ethereum is a leading blockchain project, but its value has significantly dropped recently following the whole decrease in the crypto market. Hence, it is a good time to buy Ethereum as once the market recovers, its prices are expected to recover again.
Your capital is at risk.
Cardano – Research-Based Crypto Platform with Huge Potential for Growth
Another excellent BSC crypto project to invest in for 2024 is Cardano which is among the 10 best cryptocurrencies by its market capitalization. With its core features, the platform is quite similar to Ethereum – you can build dApps, exchanges, games, and tokens on top of it. One of the best things about the Cardano project is that it is the only crypto project that is based on scientific research.
The project was launched in 2017 by Ethereum co-founder Jeremy Wood and Charles Hoskinson with an aim to make a research-driven cryptocurrency project that will get mass adoption. Cardano uses an environmentally friendly consensus mechanism which is based on the Proof of Stake mechanism. The mechanism is called Ouroboros and manages the Cardano network by dividing time into so-called epochs and slots.
Anyone holding Cardano’s native token – ADA, can become a validator by locking a certain amount of their tokens into the network. When you lock in your tokens, the network automatically selects the validator based on the number of coins and the time they locked them. However, you can also become a delegator and stake tokens to give the validator role to the one within the network you trust. Both validators and delegators are rewarded in ADA tokens for their service.
Cardano’s ADA token has several purposes within its network which can help it gain value over time. It can be used for making transactions and for paying transaction fees on the Cardano network. Holders can also stake it or use it for yield farming purposes not to keep them idle and to generate rewards.
Additionally, you can trade it, store value, and send money. It is also a governance token meaning that it gives holders voting rights and to participate in the decisions regarding the Cardano network. The maximum supply of ADA tokens is 45 billion tokens, and almost 78% is already circulating. The value for each coin is currently trading well under $0.3 but investors are confident that ADA will make a comeback to an above-$1 level.
Your capital is at risk.
Polkadot – Programmable Blockchain Platform Popular for Parachains
Founded by Ethereum’s co-founder Gavin Wood in 2916, Polkadot provides a blockchain platform that developers can use to operate other blockchains on top of it. The founding team also includes Peter Czaban and Robert Habermeier who together created the Web3 Foundation to accomplish the sale of the Polkadot’s native token. Through two large sale events, the team managed to raise $200 million and became one of the most highly funded blockchain projects in history.
Polkadot’s idea is quite similar to those of Ethereum or Cosmos but as the project is relatively new it comes with innovative solutions regarding the blockchain problems. One of the main problems in blockchain technology is scalability which is the number of transactions that the blockchain can process in a certain time. Polkadot introduces the idea of parachains to address this issue.
Hence, there are two main blockchains in Polkadot’s network – the main chain and the user-created blockchains known as parachains. Parachains make the use of the blockchain more efficient and scalable. Meanwhile, they are customized with the main blockchain and benefit from its security. The whole blockchain relies on a Proof-of-Stake consensus mechanism known as NPoS. It enables anyone holding Polkadot’s native token to lock their tokens and get any of the roles within the network.
DOT lockers can become a validator who validates nodes on the blockchain, a nominator who secures the network by finding reliable validatorFounded by Ethereum’s co-founder Gavin Wood in 2916, Polkadot provides a blockchain platform that developers can use to operate other blockchains on top of it. The founding team also includes Peter Czaban and Robert Habermeier who together created the Web3 Foundation to accomplish the sale of the Polkadot’s native token. Through two large sale events, the team managed to raise $200 million and became one of the most highly funded blockchain projects in history.
Polkadot’s idea is quite similar to those of Ethereum or Cosmos but as the project is relatively new it comes with innovative solutions regarding the blockchain problems. One of the main problems in blockchain technology is scalability which is the number of transactions that the blockchain can process in a certain time. Polkadot introduces the idea of parachains to address this issue.
Hence, there are two main blockchains in Polkadot’s network – the main chain and the user-created blockchains known as parachains. Parachains make the use of the blockchain more efficient and scalable. Meanwhile, they are customized with the main blockchain and benefit from its security. The whole blockchain relies on a Proof-of-Stake consensus mechanism known as NPoS. It enables anyone holding Polkadot’s native token to lock their tokens and get any of the roles within the network.
DOT lockers can become a validator who validates nodes on the blockchain, a nominator who secures the network by finding reliable validators, a fisherman who monitors the network to record any malicious cases, etc. Additionally, they can also use their DOT tokens as a governance token and participate in votes regarding the changes to the Polkadot project.
DOT is currently among the most widely-traded cryptocurrencies and it is available on many leading exchanges. It is included among the 15 largest cryptos with a market cap of almost $4.9 billion. The circulating supply of the cryptocurrency is more than 1 billion tokens and it does not have a limited supply.
Your capital is at risk.
What Are BSC Tokens?
Binance Smart Chain offers a programmable blockchain platform that developers can use to build other cryptocurrency projects. As the Binance Smart Chain’s native token – BNB (or known as Binance Coin) is a BEP-20 token, all the projects built on the Binance Smart Chain have a BEP-20 token standard. Hence, you can identify BSC tokens by two features – they are built on the BSC and they use the BEP-20 token standard.
Binance Smart Chan was initially built as Binance Chain and it does not have the same innovative advances as it owns today. And it used the BEP-2 token standard at the beginning. However, along with the popularity of the Ethereum platform, it created a more sophisticated blockchain platform and adopted a more advanced token standard. The platform transformed into the Binance Smart Chain and attracted several developers due to low fees and faster transactions.
Are BSC Coins a Good Investment?
BSC coins can be a good investment for some reasons. One of them is that these tokens are fully compatible with the Ethereum network as the BEP-20 token is based on the ERC-20 token standard which is used by Ethereum. Hence, it becomes easier to swap BEP-20 tokens with the ERC-20 tokens or use them on Ethereum-based platforms.
Another reason is the popularity of the Binance Smart Chain. It has a lot of advantages as a blockchain project among which are low costs for fees and high scalability. These are the reasons why many developers prefer BSC blockchain, especially for gaming projects. If the project is built on Binance Smart Chain it makes them more efficient, and trustworthy and hence attracts more traffic.
However, not all projects using Binance Smart Chain can be an excellent investment. There are several dApps launched using BSC and most of them can have no value or no potential for growth. It means that you need to approach your every investment with care and research the project to find out its features, properties, and innovations.
How to Buy BSC Tokens – Step by Step Tutorial
Most of the tokens included in our recommendation list are supported by several leading crypto exchanges. Our top recommended crypto broker is eToro which is extremely safe, functional, cost-effective, and enables you to buy cryptos quickly. eToro supports more than 60 cryptocurrencies including most of the BSC coins that we listed. Here is a complete guide on how you can start buying BSC coins with eToro.
Step 1 – Create an Account with eToro
The first step is to open an eToro account for which you must visit the website of the broker and click on the “Sign up” button. The broker requires you to fill in your personal information to complete the transaction. You will also need to provide an email address and a phone number through which you will verify your account.
Then you must get to the identity verification process which is simple if you have the exact documents that eToro requires. For indeed verification, you need to provide a copy of your passport or an ID and for address verification, you need to provide a bank document with your name and address on it or a utility bill.
Step 2 – Deposit Funds into Your Account
Buying BSC coins on eToro is quite easy as you can use fiat currency and deposit your funds through multiple methods. Click on the “Deposit” button to start charging your account. After it, select one of the most suitable methods and provide the necessary details about your payment method to confirm the transaction. The funding process will take either a few hours or a few days depending on the payment method you use.
Step 3 – Search BSC Coins You Want to Buy
Now when you have verified your account and charged it, you can buy the BSC coins you want. You will see a search toolbar on the top of the website where you can simply search for the coin name and click on the first results. Once you click on the coin name that appears below, you will be transferred to a separate page dedicated to that cryptocurrency.
Step 4 – Buy BSC Coins
eToro has a special page for each coin supported by the broker where you can find a lot of valuable information about it. On the right part of the page, you will see its description and the latest news regarding it. You will also be provided with some research tools to do final research about the crypto before you buy it. Once you are sure you want to purchase the BSC token of your choice, click on the “Trade” button and fill in the necessary details and finalize your transaction.
For example, eToro has listed Polkadot (DOT) alongside 75+ other assets, many of which are rated among the best BSC tokens.
Update 2024 – Going forward, the only cryptocurrencies eToro customers in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.
Your capital is at risk.
Conclusion
BSC tokens can make excellent investments due to the popularity and efficiency of the Binance Smart Chain. In this guide, we have reviewed the top BSC tokens to buy for 2024 and brought up some reasons why they are worth investing in. We have also explained in detail how you can buy BSC coins with eToro.
If you are looking for a new and beneficial token to buy, Bitcoin BSC tops our list. This project mirrors Bitcoin’s fundamentals but brings them to the BNB Smart Chain. With its recent presale and the inclusion of a staking utility, Bitcoin BSC is a project suitable for both short-term investment seekers and long-term holders.
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FAQs
What are BSC coins?
BSC tokens are cryptocurrencies that are built on the Binance Smart Chain and use the BEP-20 token standard.
Why do people use Binance Smart Chain?
Binance Smart Chain is a blockchain project that was launched parallel to Binance’s main blockchain - Binance Chain. It uses smart contract technology to make the platform programmable and enables developers to create cryptos and decentralized projects through it.
What is the best BSC token to buy right now?
The best BSC tokens to buy right now is the BTCBSC token. Other alternatives include ETH, DOT, ADA, CAKE, etc.
What is the total market capitalization of the Binance Smart Chain ecosystem?
Ethereum has the largest market capitalization among all our recommended coins. Other large BSC projects include Cardano, Polkadot, and Pancakeswap. Bitcoin BSC is yet to launch, but the current presale suggest that it may go live sooner than later, which could potentially make it rank high among other BSC cryptos.
