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BNB

Binance Coin (BNB) is a type of digital cryptocurrency, introducing peer-to-peer transactions, mining and other technological feats into a modern day asset. Use this page to follow news and updates regarding Binance Coin stock, create BNB price alerts, follow analysis and opinion and get real time market data.

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1 BNB =

$ 371.79

+30.79 +9.03%

05:51:26 - Real-time Data . ( Disclaimer )

Market Cap: $61.48B

Circulating Supply: BNB165.12M

Max Supply: BNB165.12M

Vol (24H): $3.07B

Day's Range: 357.79 - 375.02

Chg (7D): -20.30%

Investing.com Index

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

BNB News

Binance Coin (BNB) Holds Firm Above $500, Could See New Highs

Binance Coin (BNB) Holds Firm Above $500, Could See New Highs BeinCryptoStock Markets

BNB is consolidating above the previous resistance area and has validated it as support. It is trading inside a descending...

Bitcoin, Ethereum, Solana tumble 15%; $400 billion wiped out of crypto market cap

Cryptocurrency Bitcoin, Ethereum, Solana tumble 15%; $400 billion wiped out of...

Ethereum Falls 10.12% In Bearish Trade

Cryptocurrency Ethereum Falls 10.12% In Bearish Trade

Ethereum Falls 10.14% In Bearish Trade

Cryptocurrency Ethereum Falls 10.14% In Bearish Trade

Bitcoin Falls 10.47% In Bearish Trade

Cryptocurrency Bitcoin Falls 10.47% In Bearish Trade

BNB Analysis & Opinion

Crypto Price Analysis Jan-7: Ethereum, Binance Coin, Cardano, Solana, and Luna

Crypto Price Analysis Jan-7: Ethereum, Binance Coin, Cardano, Solana, and Luna

By CryptoPotato - Jan 07, 2022

This week, we take a closer look at Ethereum, Binance Coin,...

3 Reasons Ethereum Will Continue To Outperform Bitcoin By Andy Hecht - Dec 14, 2021

This article was written exclusively for Investing.comAnother set...

Crypto Price Analysis Dec-3: Ethereum, Binance Coin, Cardano, Solana, and Luna

Crypto Price Analysis Dec-3: Ethereum, Binance Coin, Cardano, Solana, and Luna

By CryptoPotato - Dec 03, 2021

This week, we take a closer look at Ethereum, Binance Coin,...

Trading Follow-Through In Bitcoin, Ethereum A Pattern Investors Should Respect By Andy Hecht - Nov 29, 2021

This article was written exclusively for Investing.com.New highs...

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Jason Tian Dec 26, 2021 17:21

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Good

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Otunla Olaoluwa May 14, 2021 5:43

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what is happening to Bitcoin now

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Pinnacle Finance May 11, 2021 22:46

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ATH tonight!

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Pinnacle Finance May 03, 2021 7:34

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1000 eom, surpass bitcoin cash soon!

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Pinnacle Finance Mar 31, 2021 22:01

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ppl who miss bitcoin boat, can get into this one!

3 1

INTERESTING DESIGN Feb 18, 2021 21:17

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I♥ ♡ ▅ ▆ █ 220 $ █ ▆ ▅ ♡ ♥ g

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Sana San Feb 18, 2021 21:17

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Leading Cryptocurrencies

Bitcoin $36,379.6 BTC +9.24%
Ethereum $2,424.64 ETH +9.47%
Tether $1.0006 USDT +0.02%
USD Coin $0.9998 USDC -0.01%
Cardano $1.0346 ADA +6.84%

Electronic Energy Ongoing (2)
DECA Completed (500)

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).