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BNB

BNB is a type of digital crypto currency, utilising peer-to-peer transactions, mining and other technological feats into a modern day asset. Use this page to follow news and updates regarding BNB, create alerts, follow analysis and opinion and get real time market data.

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1 BNB =

Ξ 0.183800

+0.002497 +1.38%

23:39:19 - Real-time Data . ( Disclaimer )

Market Cap:

$50.84B

Circulating Supply:

BNB157.89M

Max Supply:

BNB0

Vol (24H):

$464.79M

Chg (7D):

-4.02%

Day's Range:

0.178806 - 0.184400

Investing.com Index

1D 1W 1M 6M 1Y 5Y Max

BNB News

5 Undervealued Cryptos with High Potential in 2023 CryptoDailyCryptocurrency News

2023 is heating up to be a thrilling year for the crypto industry, with a large number of new projects entering the market and a...

Cryptocurrency News Binance converts cash reserve into crypto

Cryptocurrency News Binance’s native token falls sharply as regulatory concerns mount

Binance Coin Forms a Bearish Divergence as Market Weakness Continues

Cryptocurrency News Binance Coin Forms a Bearish Divergence as Market Weakness...

Binance Coin Price Prediction 2023-2030: Will BNB reach $700 in 2023?

Cryptocurrency News Binance Coin Price Prediction 2023-2030: Will BNB reach $700 in...

Show more News

BNB Opinion & Analysis

Crypto Price Analysis Mar-17: ETH, XRP, ADA, BNB, DOT

By CryptoPotato - Mar 17, 2023

This week, we take a closer look at Ethereum, Ripple, Cardano,...

Coinbase Reports Q4 Beat; 'Crypto Winter' Effect Lingers By Timothy Fries - Feb 22, 2023

While Coinbase’s (NASDAQ:COIN) earnings report managed to...

Bitcoin Above $19,000 as Crypto Market Cap Nears $1T By Timothy Fries - Jan 15, 2023

The crypto market held onto its gains Friday after rising sharply...

Oil’s Iran Cliffhanger: What To Know And What To Expect By Barani Krishnan/Investing.com - Aug 17, 2022 11

EU attempting to revive Iran nuclear deal with market staying...

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Leading Cryptocurrencies

Bitcoin $27,141.3 BTC -4.08%
Ethereum $1,736.41 ETH -4.34%
Tether $1.0012 USDT -0.03%
USD Coin $0.9987 USDC +0.08%
XRP $0.41841 XRP -5.33%

ICO Calendar

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FAQ

How to buy Binance Coin
Binance Coin can be purchased from more than 50 top crypto exchanges and brokers globally. However, many users prefer using the Binance crypto exchange to buy the asset. To buy Binance Coin on the Binance crypto exchange platform, you will need to sign up and submit the necessary documents to meet the required Know Your Customer (KYC) process. Once this is done, you can buy Binance Coin either through the ‘Spot’ trading option or through the Peer-to-Peer (P2P) platform.
What is Binance Coin?
Binance Coin is a digital asset created by the Binance Bitcoin exchange to serve as a discount token for traders using the Binance platform. Binance Coin initially launched on the Ethereum network as an ERC-20 token but has since been transferred to the Binance Smart Chain (BSC) and now operates as a BEP-20 token. Binance Coin is famously known by the BNB ticker symbol, and the utility token has gained blockchain prominence for two major reasons. First, it serves as the de facto currency for all projects building on the BSC ecosystem. Another is the “burn” mechanism, which sees one-fifth of the total BNB in circulation permanently destroyed.
How does Binance Coin work?
Binance Coin was principally created as a discount token for traders, but the use cases of the asset have expanded. Binance Coin is now the digital liquid token used for all Binance Smart Chain (BSC) ecosystem transactions. It is also used to book travel tickets, pay for loans, purchase new coins listed on the Binance Launchpad, and several other things.
How to mine Binance Coin
Binance Coin cannot be mined because all the BNB coins have been pre-mined at its launch in 2017. Although the coin does not operate on a Proof-of-Work (PoW) consensus protocol like Bitcoin, the only exception to mining the Binance Coin is through a mining software called unMineable. This process allows you to mine coins that are not PoW, and you can later switch them to your preferred asset.
Why was Binance Coin invented?
Binance Coin was a brave effort by the Binance crypto exchange team to increase its brand awareness and marketing efforts. The digital asset allows Binance to reward traders by cutting down on their trading fees. So far, Binance Coin has achieved its goals as more traders use it to further cut down on the 0.10% fees they have to pay for using the Binance crypto exchange.
What technology does Binance Coin use?
Binance Coin was initially built using the Ethereum blockchain before it migrated to the Binance platform. It now runs in tandem with the Binance Chain, which sports the Binance decentralized exchange (DEX) platform and Binance Smart Chain (BSC). BSC comes with smart contract capabilities useful in developing blockchain-based applications used in decentralized finance (DeFi) and non-fungible tokens (NFTs).