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1 BNB =

฿ 0.007940

-0.000114 -1.42%

22:41:06 - Real-time Data . ( Disclaimer )

Market Cap:

$33.14B

Circulating Supply:

BNB153.85M

Max Supply:

BNB0

Vol (24H):

$363.36M

Chg (7D):

+2.50%

Day's Range:

0.007928 - 0.008069

Binance outlines transition plan after Paysafe's abrupt Euro deposit service termination By Investing.com - 1 hour ago

In response to Paysafe's sudden termination of Euro deposit services for Binance users on Sunday, September 25, Binance has promptly outlined a transition plan to mitigate...

Binance Opts Turkey’s Istanbul for Binance Blockchain Event By Coin Edition - 11 hours ago

Coin Edition - Binance’s upcoming Binance Blockchain Week is scheduled to take place in Istanbul, Turkey.The new CMO, Rachel Conlan, acknowledges the city as a crypto hub...

Binance urges European users to convert Euros to USDT amid Paysafe partnership termination By Investing.com - 11 hours ago

Crypto exchange Binance has recommended its European users to convert their Euro (EUR) balances into Tether (USDT) before October 31, following the loss of support from its banking...

Binance Market Share Among non-USD Exchanges Drops by 25% By Coin Edition - Sep 27, 2023

Coin Edition - Crypto exchange Binance’s market share among non-USD platforms declined to nearly 50%.Binance had 75% of the market share at the start of the year, which...

Binance Incinerates $524 Million in BETH, Motive Remains Unclear By Investing.com - Sep 27, 2023

In a puzzling move, Binance, a noteworthy cryptocurrency exchange, recently destroyed a staggering $524 million in BETH - a digital asset linked to Ethereum's Beacon chain. This...

Binance To Fully Exit Russia Following Sale To CommEX By Coin Edition - Sep 27, 2023

Coin Edition - Crypto giant Binance is set to exit the Russian market after selling its local unit to CommEX.The crypto exchange’s off-boarding process is expected to take up...

Binance's market share diminishes amidst regulatory hurdles and declining trading volumes By Investing.com - Sep 27, 2023

The cryptocurrency exchange Binance, under the leadership of Changpeng Zhao, has been encountering a significant decline in its market share against competitors such as Upbit,...

Bitcoin and Ether gain while Binance's BNB leads in Tuesday's crypto market By Investing.com - Sep 26, 2023

On Tuesday, Bitcoin and Ether, the world's two largest cryptocurrencies, saw modest gains, while other top 10 non-stablecoin cryptocurrencies traded mixed. The native token of...

Binance’s Share in Direct Crypto Trading Drops to 50% From 70% By Investing.com - Sep 26, 2023

In recent developments, Binance, one of the leading cryptocurrency exchanges, has seen a significant reduction in its share of direct trading. As of Tuesday, the company now...

Crypto asset managers eye $650B growth, pending regulatory approval By Investing.com - Sep 26, 2023

Crypto asset managers, who currently oversee an estimated $50 billion, could potentially manage up to $650 billion within the next five years, according to a recent report by...

Binance Cuts Spot Trading Bot Services Amid Ongoing Legal Battles By Investing.com - Sep 22, 2023

On Friday, Binance, the world's largest cryptocurrency exchange, announced it would cease spot trading bot services for a selection of altcoins. This decision comes as the latest...

Bitcoin and Altcoins Stumble Amid Fed’s Hawkish Stance on Interest Rates By Investing.com - Sep 22, 2023

Bitcoin (BTC-USD) and other major cryptocurrencies experienced a dip in value on Thursday, erasing gains made earlier in the week. The decline came after the Federal Reserve...

Crypto Lawyers Weigh In as Binance Files Motion to Dismiss SEC Lawsuit By Coin Edition - Sep 22, 2023

Coin Edition - Binance filed a motion to dismiss the SEC’s case against it and its founder, CZ.Lawyers Bill Morgan and Jeremy Hogan share insights, highlighting regulatory...

Bitcoin stumbles amid Federal Reserve's hawkish stance on interest rates By Investing.com - Sep 22, 2023

Bitcoin (BTC-USD) experienced a dip in value on Thursday, September 21, 2023, erasing gains made earlier in the week. The decline comes a day after the Federal Reserve signaled...

Binance trading volume declines amid regulatory challenges and end of zero-fee promotions By Investing.com - Sep 22, 2023

Binance, a leading cryptocurrency exchange, has experienced a significant decrease in trading volume, coinciding with the conclusion of zero-fee promotions and ongoing regulatory...

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Leading Cryptocurrencies

Bitcoin $27,111.1 BTC +3.25%
Ethereum $1,657.62 ETH +3.77%
Tether USDt $1.0002 USDT +0.07%
XRP $0.50790 XRP +0.98%
USD Coin $1.0003 USDC -0.05%

ICO Calendar

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).