Binance CoinBNB
$ 681.02Latest price
-6.15 %Change 24H
$ 91.79 BMarket cap
BNB
$ 681.02
$ 91.79 B
-6.15 %
Binance · Gate.io · Kraken · SimpleSwap · LetsExchange · Crypto.com · dydx · ddex
BNB is the native token of BNB Chain, the blockchain ecosystem originally launched by Binance, the world's largest cryptocurrency exchange by trading volume. Initially issued in 2017 as an ERC-20 token to pay for discounted trading fees on Binance, BNB later migrated to its own blockchain (BNB Chain, formerly Binance Chain/Smart Chain), which also runs an EVM-compatible smart-contract network used for DeFi, gaming and NFT applications. Binance periodically burns BNB using a portion of exchange profits, reducing total supply over time. Beyond fee discounts, BNB pays gas fees on BNB Chain, is used for token launches via Binance Launchpad, and can be staked with validators.
Binance is in the list fastest growing exchanges. It provides a reliable platform for traders with huge growth in users every day. They have their native token ‘Binance Coin’ to pay your fees on Binance exchange. The token is proven to be highly stable for several trading perks and secure service in crypto transactions.
Changpeng Zhao – CEO https://www.linkedin.com/in/cpzhao/
Roger Wang – CTO https://www.linkedin.com/in/rogerlilaiwang/
James Hofbauer - Chief Architect https://www.linkedin.com/in/jamesjhofbauer/
Paul Jankunas - VP of Engineering https://www.linkedin.com/in/paul-jankunas-4ba9513/
Allan Yan - Product Director https://www.linkedin.com/in/allannyan/
Sunny Li - Operations Director http://www.linkedin.com/in/SunnyJiachenLi
There is limited information available in English, but they do have mentioned a part of device coverage in whitepapers. They are aimed to provide cross-platform trading clients for a number device platform including:
Though the English version is limited but still it gives a good overview of generic information including team, investors, discount and repurchasing plan, market competition and risks.
Binance has its native coin known as BNB which allows users to pay different fees on Binance exchange i.e. listing fees, trading or withdrawal fees, margin and other fees. If the user wishes to use BNB for payments he/she will get a discount of 50% in first here. Binance has made a clear declaration about discounts:
Binance has significant discounts for the users who are using BNB for making payments on Binance exchange. Even the percentage of discount will be decreasing every year but still, it’s a huge incentive for traders. Every passing day traders are increasing on Binance exchange and so the amount traded as well.
One most noticeable part of BNB is its plan of repurchasing the token and then burning them. According to whitepaper every quarter Binance will user 20% of profit to repurchase the BNB back from the market and then destroy them. They will keep using 20% until 50% of BNB are bought back. They have made it clear that all transactions will be declared on blockchain for transparency purposes. So, in total, 100 million BNB will be destroyed and 100BNB will be left in the market.
Some investors choose to remain private.
There is no roadmap publish till now but according to white papers
“Binance will build a decentralized exchange, where BNB will be used as one of the key base assets as well as gas to be spent. “
Due to a number of good reasons BNB is still a great choice for trading but surely not for investments. As seeing the trading chart, its demand and supply remain same a price fluctuate from high to down within no time. So, people can get the advantage of its significant discounts for trading purposes.
BNB is the native token of the BNB Chain ecosystem and is also used on Binance, one of the largest cryptocurrency exchanges, to pay trading fees and unlock platform benefits. Below is a comparison of the main ways to buy BNB, how to buy BNB now, and the tradeoffs between them.
There are three common routes to buy BNB tokens:
Compare the exchanges trading BNB below and check fees, supported payment methods and availability in your country before choosing one.
If you want to buy BNB now, the process on a centralized exchange typically takes just a few minutes:
Prices move constantly, so check the live BNB price above before placing an order, and consider dollar-cost averaging - buying smaller amounts regularly - instead of trying to time the market.
Not all ways to buy BNB coins are equal. Key factors to compare:
For most buyers, a reputable centralized exchange is the easiest entry point. More experienced users who value self-custody often prefer swapping for BNB on a DEX directly on BNB Chain.
Binance Coin (BNB) can be stored in any wallet that supports the BNB Smart Chain (BEP-20) and, for the original Binance Chain version, BEP-2. Options range from software wallets (mobile or browser-extension wallets such as Trust Wallet or MetaMask configured for BNB Smart Chain) for everyday use, to hardware wallets for holders who want their private keys kept offline. Always confirm you are sending BNB on the correct network, since sending BEP-2 BNB to a BEP-20 address (or vice versa) can result in lost funds.
⚠️ Disclaimer: Cryptocurrency investment carries risk. Never invest more than you can afford to lose.
