BNB (BNB)
Loading...
Loading...
About BNB
Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, primarily used for transaction fees on the Binance exchange and within the broader Binance Smart Chain (BSC) network. Originally launched in 2017 on the Ethereum blockchain, BNB later migrated to its own blockchain, enhancing scalability and transaction efficiency. BNB holders benefit from discounts on trading fees, exclusive token launches, and a variety of services within the Binance ecosystem, making it a versatile asset. Beyond Binance, BNB is widely accepted for various use cases, including payments, travel bookings, and more. Its limited supply and burn mechanism contribute to BNB’s value as a deflationary asset. Explore live BNB prices, historical data, and market insights on our Binance Coin Markets page to stay up-to-date on BNB's performance in the cryptocurrency landscape.
Fact Sheet
News
MARA Holdings Acquires Texas Wind Farm to Power Bitcoin Mining
Bitcoin miner MARA Holdings Inc. acquired wind farm in Hansford County, Texas, to power its operations with renewable energy, reduce costs, and extend the life of its application-specific integrated circuit (ASIC) bitcoin mining hardware. Wind Energy Boosts MARA’s Renewable Bitcoin…
Bitcoin Price Analysis: Short-Term Bulls Eye $98,800 Breakout for Rally Toward $100,000
Bitcoin edges higher to $97,973 to $98,323 over the last hour, as traders assess macroeconomic and inflation signals alongside key technical levels. BTC Bitcoin’s daily chart shows price action stabilizing between $96,000 and $98,000, following a 10.3% retreat from its…
Ai16z, Virtuals Suffer Losses but Expert Tips MIND of Pepe to Head AI Agent Bull Cycle
This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. AI cryptos are cooling off, with ai16z and Virtuals Protocol slipping into the red. However, a new project is…
Ethereum Onchain Costs Slip Below 1 Gwei as Decimals Return
In 2025, onchain fees on Ethereum have significantly dropped, echoing the easing seen in Bitcoin's transfer fees. According to the latest metrics gathered on Feb. 20, a high priority fee on Ethereum stands at 0.924 gwei or $0.05. Ethereum Transaction…
Bitcoin Shockwave: Strategy’s $2B Fresh Capital Poised for Massive BTC Buy
Microstrategy, now rebranded as Strategy, is raising $2 billion to fuel its next major bitcoin acquisition, doubling down on its position as the largest corporate holder of BTC. Strategy Raises $2 Billion and Prepares for Its Next Big Bitcoin Move…
Frequently Asked Questions about BNB
What is Binance Coin (BNB)?
Binance Coin (BNB) is the native cryptocurrency of the Binance platform, used for paying transaction fees, staking, and other applications within the Binance ecosystem. It was created to provide users with discounts on Binance and has evolved to serve a variety of purposes within Binance’s growing ecosystem.
How is BNB used on the Binance platform?
BNB can be used to pay for trading fees on Binance, with users receiving discounts. It is also used within Binance Smart Chain (BSC) applications, making it versatile for trading, staking, and other decentralized finance (DeFi) activities.
How does the BNB burn mechanism work?
BNB has a deflationary model where Binance regularly burns a portion of its supply to reduce the total BNB in circulation, potentially increasing its scarcity and value over time.
What are the benefits of holding BNB?
Holding BNB allows users to access reduced trading fees on Binance, participate in Binance Launchpad events, and use it within the Binance Smart Chain ecosystem for DeFi and other services.
Where can I store my Binance Coin securely?
You can store Binance Coin (BNB) on hardware wallets like Ledger and Trezor, as well as secure mobile wallets such as Exodus, which support BNB for convenient and secure access.
Is Binance Coin a good investment?
Binance Coin has gained popularity due to its use within the Binance ecosystem and its deflationary model. While BNB is a highly valuable asset for Binance users, investment decisions should consider market conditions and personal goals.
Can I use Binance Coin for payments?
Yes, Binance Coin is accepted for payments by several merchants, including travel and service providers. It is also actively used within Binance Smart Chain applications for various DeFi activities.