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.
Convert Fiat to BNB
News
Hardware Wallet Manufacturer Ledger to Release Crypto Card in the US
Ledger has announced that the CL Card, developed in partnership with Baanx Group, will soon be available for U.S. residents. The CL Card allows users to spend their cryptocurrency at over 90 million merchants worldwide through the Visa network, earn…
Spinly: Retro Roots, On-Chain Power, and Player Control Reimagined
This content is provided by a sponsor. PRESS RELEASE. Spinly is what happens when arcade dreams and crypto rails collide at full throttle. It’s a neon-drenched, pixel-stacked gameverse where old-school vibes meet high-stakes gameplay. Think slot classics fused with skill-based…
El Salvador Passes IMF Review With Flying Colors Despite Its Bitcoin Purchases
The IMF reached a staff-level consensus on El Salvador's performance in meeting the conditions required to receive a new disbursement. Regarding bitcoin, efforts will be made to ensure that the total amount of the cryptocurrency owned remains unchanged. El Salvador…
Etoro Expands US Crypto Offerings With Addition of a Dozen New Tokens
Social trading network Etoro has announced the addition of a dozen new cryptoassets to its platform for U.S. users, expanding its offerings beyond bitcoin, bitcoin cash, and ethereum. The newly available assets include aave, cardano, chainlink, compound, dogecoin, ethereum classic,…
Bolivia Bans State Oil Company From Using Crypto for Energy Settlements
Luis Arce, the President of Bolivia, signed an executive order prohibiting the use of cryptoassets for energy purchases, aiming to curb speculation surrounding cryptocurrencies and stablecoins on exchanges like Binance. Bolivia Issues Executive Order to Ban Crypto From Energy Settlements…
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.