Reputation Ratings


Binance Coin 5-10 years
White Paper
Avg Price

$ 608.05 USD

$ 608.05 USD

Market Cap

$ 89.5344 billion USD

$ 89.5344b USD

24h trading volume

$ 1.5871 billion USD

$ 1.5871b USD

7d Vol

$ 15.002 billion USD

$ 15.002b USD

Circulating supply

147.584 million BNB

Related information

Issue Time


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Github's IP Address


Codebase Size


Last Updated Time

2020-08-21 19:56:46

Language Involved




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Aspect Information
Short name BNB
Full name Binance Coin
Founded Year 2017
Main Founders Changpeng Zhao, Yi He
Support Exchanges Binance, Ethfinex,PancakeSwap,,KuCoin,MXC Exchange,Huobi Globa,Bittrex,etc.
Storage Wallet Binance Trust Wallet, Ledger, Trezor and others

Overview of BNB

Binance is the world's largest marketplace for trading a variety of cryptoassets, including traditional cryptocurrencies like BTC and ETH, as well as NFTs (Non-Fungible Tokens) and offerings in the DeFi (Decentralized Finance) space.

While it offers a comprehensive range of products such as spot trading, over-the-counter (OTC) services, and a secure wallet with advanced encryption, Binance emphasizes the high risk associated with crypto trading. It cautions that its services, especially for retail clients in the UK, have certain limitations due to regulatory compliance.

Binance is distinguished by its low trading fees, high liquidity, empowered user controls, and advanced risk controls. The platform provides 24/7 chat support and a wealth of resources like FAQs, blogs, and community forums to assist users.

However, it's crucial for users to understand that investments in cryptoassets are not regulated by standard financial authorities like the Financial Conduct Authority and lack coverage by protection schemes, underlining the need for careful consideration of risk and investment objectives before engaging in trading activities.

To obtain more information, you can visit their website: and try to log in or register to use more services.


Pros and Cons

Pros Cons
Used to pay for transaction fees on Binance Primarily tied to the Binance platform
Participation in token sales Value may be affected by Binance's performance
Supports various exchanges and wallets Not as widely accepted as Bitcoin or Ethereum
Regular coin burns potentially increasing value Regulatory risks due to connection with Binance
Integrated into Binance's ecosystem Dependent on the success of the Binance ecosystem

Pros of BNB Token:

1. Use for Transaction Fees on Binance: BNB tokens can be used to pay for transaction fees on the Binance platform. This includes trading fees, withdrawal fees, listing fees, and any other fees that might be incurred through activities on the exchange. This provides users with a tangible and consistent use case for the token.

2. Participation in Token Sales: Holding BNB tokens grants the holder the ability to participate in token sales that are hosted on the Binance platform. This can present unique investment opportunities that wouldn't otherwise be available.

3. Supports Various Exchanges and Wallets: BNB is supported by a variety of wallets and exchanges. This includes not only Binance's own Trust Wallet, but also hardware wallets like Ledger and Trezor, as well as exchanges like Ethfinex and HitBTC. This promotes the accessibility and utility of the token.

4. Regular Coin Burns Potentially Increasing Value: Binance undertakes regular coin burns of the BNB token. This is the process of permanently removing tokens from circulation, thereby limiting the supply and potentially increasing the value of remaining tokens.

5. Integrated into Binance's Ecosystem: BNB token is deeply integrated into the Binance ecosystem. This includes uses such as paying for trading fees, participating in token sales, using Binances token launch platform, and more.

Cons of BNB Token:

1. Primarily Tied to the Binance Platform: The utility and true value of BNB is predominantly tied to the Binance platform and its services. This means that the fate of the token is heavily tied to the success or failure of the Binance platform.

2. Value May be Affected by Binance's Performance: Since the BNB token's usage is heavily tied to the Binance platform, any setbacks or failures by Binance could result in a drop in the token's value.

3. Not as Widely Accepted as Bitcoin or Ethereum: As integral as BNB is within the Binance ecosystem, it isn't as widely accepted or used as cryptocurrencies like Bitcoin and Ethereum. This can limit its real-world utility outside of the Binance platform.

4. Regulatory Risks due to Connection with Binance: Given the close connection between BNB and the Binance platform, any regulatory action taken against Binance could potentially impact the value and utility of the BNB token.

5. Dependent on the Success of the Binance Ecosystem: The success and utility of the BNB token are fundamentally tied to the success of the Binance ecosystem. If the ecosystem fails to thrive, it could negatively impact the inherent value and uses of BNB.

Crypto Wallet

BNB Chain offers a diverse range of wallets designed to meet the varying needs of its community, providing secure and efficient platforms for managing, sending, receiving, and holding BNB and other cryptocurrencies. These wallets cater to both experienced users and those new to digital currencies, ensuring a user-friendly experience.

  • Trust Wallet: Supporting over 25 million users, Trust Wallet allows users to buy, store, and sell cryptocurrencies and NFTs. It's known for its simplicity and broad utility.

  • Binance Wallet: This browser extension wallet lets users explore DeFi and dApps on BNB Beacon Chain, BNB Smart Chain, and Ethereum, making it a versatile option for Binance users.

  • Coin98: A highly-rated DeFi wallet, Coin98 offers functionalities to store, exchange, and stake crypto, emphasizing user convenience and an all-in-one solution.

  • MathWallet: A multi-platform wallet, MathWallet grants access to over 100 different chains, catering to those who operate across multiple blockchain ecosystems.

  • MetaMask: With over 30 million users, MetaMask is a popular software wallet and browser extension, notable for its ease of use and wide adoption.

  • SafePal: Offers a secure method for holding, buying, and trading crypto through a single wallet interface.

  • TokenPocket: A multi-chain wallet known for its reliable crypto asset management services since 2018.

  • Bitget Wallet: Provides access to over 70 chains, a vast array of crypto assets, and numerous dApps, highlighting its extensive reach.

  • MyEtherWallet (MEW): An open-source, free wallet developed for easy access to dApps on the blockchain.

  • ONTO Wallet: A self-sovereign wallet that allows users to manage digital assets and NFTs with a single private key.

  • These wallets, available on various platforms including iOS, Android, and desktop, offer a range of features like intuitive interfaces, cross-platform compatibility, and advanced security measures.


    What Makes BNB Unique?

    Binance Coin (BNB) is regarded as innovative mainly for its cohesive integration within the Binance ecosystem. This is a marked difference from many cryptocurrencies that operate as standalone assets. BNB was designed with specific utility within Binance's platform services.

    The primary innovation of BNB lies in its functionalities within the Binance exchange. Binance users can use BNB to pay for transaction and withdrawal fees, participate in token sales, and avail various other Binance services. This effectively creates an internal economy within the platform, thereby driving demand for BNB.

    Furthermore, Binance executes a coin burn every quarter, where they use a portion of their profits to buy back BNB and destroy it, effectively reducing the overall supply of BNB over time. While this 'burning' tactic isn't unique to Binance, the commitment to consistent, scheduled burns is a distinctive aspect of their model.

    However, it's important to note that while these features make BNB a cornerstone within the Binance ecosystem, its utility may be more limited outside of such context. This potentially constrains BNB's versatility compared to cryptocurrencies like Bitcoin or Ethereum, which are more universally accepted across different platforms and for diverse purposes. Therefore, while BNB certainly comes with unique features, it also holds specific dependencies that may not align with every investor's strategy.

    What makes it unique?


    Coin airdrop

    There are currently two ongoing BNB airdrops:

    • BNB Chain Airdrop: This airdrop is open to all users who hold BNB in a supported wallet. To claim your airdropped BNB tokens, you need to create a BNB Chain wallet and transfer your BNB tokens to it. The airdrop will be distributed on a first-come, first-served basis until all of the allocated tokens have been claimed.

    • Binance Learn & Earn Airdrop: This airdrop is open to all Binance users who complete certain learning modules about BNB and cryptocurrency. To claim your airdropped BNB tokens, you need to complete the modules and then claim your rewards on the Binance Learn & Earn page.

    • Both of these airdrops are legitimate and are being offered by the official BNB Chain team. However, it is always important to be careful of scams when participating in any airdrop. Only participate in airdrops from trusted sources and never send cryptocurrency to anyone who claims to be from the BNB Chain team.


      The circulating supply of Binance Coin (BNB) is 153.85 million as of September 13, 2023. The total supply of BNB is 200 million. The price of BNB has been fluctuating since its launch in 2017. The all-time high price of BNB was $690.93 on May 10, 2021. The all-time low price of BNB was $0.75 on January 18, 2018.

      How Does BNB Work?

      Binance Coin (BNB) operates quite differently from traditional cryptocurrencies like Bitcoin in terms of mining and processing time. As an ERC-20 token originally built on Ethereum's blockchain, BNB doesn't rely on mining which is a key feature of many cryptocurrencies such as Bitcoin.

      Instead, BNB was issued through an Initial Coin Offering (ICO) where a fixed supply of 200 million BNB tokens were created. Therefore, there is no mining software or hardware associated with BNB. This also means that the concept of mining speed does not apply to BNB.

      In 2019, Binance launched its own blockchain – Binance Chain and migrated BNB tokens from Ethereum network to its native Mainnet. This move enabled BNB to establish itself as a standalone coin, rather than a token on another blockchain.

      The processing time of BNB is relatively short compared to Bitcoin. Binance chain is designed to achieve high throughput and capacity with lower fees and shorter confirmation times, so transactions involving BNB typically complete faster than those involving Bitcoin, where block confirmation times can average around 10 minutes.

      In terms of token supply management, instead of mining new coins, Binance performs a 'coin burn' every quarter, where a portion of BNB tokens are destroyed to reduce the overall supply, potentially leading to an appreciation in the value of remaining tokens.

      Overall, the operation of BNB is quite distinct from Bitcoin and other mineable cryptocurrencies as its issuance, transaction speed, and supply management are underpinned by a different set of principles and processes.

      How does it work?

      Exchanges to Buy BNB

      Binance Coin (BNB) is supported across various cryptocurrency exchanges, not just limited to Binance itself. This broad support allows for greater accessibility and versatility in trading BNB. Here are ten notable exchanges where BNB is available:

      • Binance: The primary platform for BNB, offering extensive trading pairs and functionalities.

      • See this link for details on how to buy BNB:

        Buying Binance Coin (BNB) on Binance can be done in three simple steps:

        step1:Create and Verify Your Account: If youre new to Binance, create an account on the Binance website or mobile app. You'll need to provide some basic personal information. After signing up, complete the necessary verification process, which may include submitting identification documents. This step is crucial for security and to comply with regulatory requirements.

        step2:Deposit Funds: Once your account is verified, you need to deposit funds. You can deposit either fiat currency (like USD, EUR, etc.) or cryptocurrency into your Binance account. To do this, navigate to the 'Funding' or 'Wallet' section on Binance and select the 'Deposit' option. Choose your preferred method of deposit and follow the instructions. The time it takes for your deposit to be credited to your account can vary depending on the method you choose.

        step3:Purchase BNB: With your account funded, you can now buy BNB. Go to the 'Trade' section and select the 'Spot' market. Here, you can search for BNB and choose the appropriate trading pair, such as BNB/USD or BNB/BTC, depending on what you deposited. Enter the amount of BNB you want to buy and select whether to execute a 'Market' order (buying at the current market price) or a 'Limit' order (setting a specific price at which you want to buy). Review your order details and then confirm the purchase.

        After purchasing, youll see the BNB balance in your Binance wallet. Remember to consider the risks involved in trading cryptocurrencies and only invest what you can afford to lose.

        • Coinbase: This exchange is known for its advanced trading features and supports a wide range of cryptocurrencies, including BNB.

        • See this link for details on how to buy BNB:

          How to buy BNB?
          • Ethfinex: A hybrid decentralized Ethereum exchange platform that lists BNB among its tradable tokens.

          • PancakeSwap: A decentralized exchange on the Binance Smart Chain, providing substantial liquidity for BNB and other Binance Smart Chain tokens.

          • Serving the international community, this exchange includes BNB in its range of offerings.

          • KuCoin: KuCoin is popular for its user-friendly interface and supports a variety of cryptocurrencies, including BNB.

          • Changelly: Known for its easy-to-use platform, Changelly allows users to exchange various cryptocurrencies, including BNB.

          • MXC Exchange: This exchange offers a comprehensive list of cryptocurrencies for trading, with BNB being one of them.

          • Huobi Global: A leading global digital asset exchange, Huobi offers trading opportunities for BNB.

          • Bittrex: Known for its robust security measures, Bittrex includes BNB among its diverse cryptocurrency offerings.

          • When considering trading BNB on these platforms, it's crucial to check for specific details like availability in your country, transaction fees, security features, and transaction processing times, as these factors can vary significantly from one exchange to another.

            How to Store BNB?

            BNB coins can be stored in a variety of wallets, depending on the user's preference for security, convenience, and functionality. Here are some of the wallets that can store BNB coins:

            1. Binance Wallet: Since BNB is native to the Binance platform, the exchange's in-built 'Binance Wallet' is an obvious choice for storing BNB coins. It offers convenience, especially for those who actively trade on the Binance platform.

            2. Trust Wallet: As the official crypto wallet of Binance, Trust Wallet supports BNB and all other digital currencies on the Binance platform. It is a mobile wallet, designed to provide a balance between security and ease of use.

            3. Ledger Nano Series: Ledger Nano S and Ledger Nano X are hardware wallets that provide a high level of security for storing cryptocurrencies, including BNB. These wallets allow users to have full control over their coins offline.

            4. Trezor Wallet: Like Ledger, Trezor is a hardware wallet providing offline storage solution. It supports a wide range of cryptocurrencies, including BNB.

            5. Enjin Wallet: It is a mobile wallet for iOS and Android known for its security and user-friendly interface. Enjin wallet supports BNB and several other cryptocurrencies.

            6. Metamask: Although primarily popular as an Ethereum wallet, Metamask also supports Binance Smart Chain, making it capable of holding BNB. It's a browser-based extension wallet, providing both convenience and flexibility.

            Remember, the choice of a wallet can depend on several factors, like your goal of investment, frequency of transactions, and your risk tolerance. Hardware wallets like Ledger or Trezor are commonly recommended for large, long-term investments due to their high security but they may not provide the same level of convenience for frequent trades as the online or mobile wallets do.

            Is It Safe?

            When assessing the safety of buying Binance Coin (BNB) on Binance, it's important to consider several key aspects:

            • Hardware Wallet Compatibility: While Binance itself does not provide a hardware wallet, it supports integration with various hardware wallets. Users can transfer their BNB from Binance to a hardware wallet for enhanced security. Hardware wallets store private keys offline, providing a higher level of security against online threats such as hacking or phishing attacks.

            • Exchange‘s Technical Security Standards: Binance is known for its high standards of technical security in the cryptocurrency exchange industry. The platform implements robust security measures including two-factor authentication (2FA), SSL encryption, and real-time monitoring to safeguard user accounts and assets. Binance’s security infrastructure is designed to meet or exceed industry standards, including the use of advanced technologies to detect and prevent unauthorized access or malicious activities.

            • Token Address Security: For token transfers, including BNB, Binance ensures high security through encrypted addresses. This means that when users transfer BNB or any other cryptocurrency, the transaction is secured with encryption, minimizing the risk of interception or unauthorized access. It is important for users to be diligent in verifying the accuracy of token addresses when making transfers, as errors can lead to irreversible losses.

            • In summary, while Binance does not offer its own hardware wallets, its compatibility with them, coupled with its adherence to high technical security standards and secure management of token addresses, makes buying and holding BNB on Binance a relatively safe option.

              How To Earn BNB?

              Earning Binance Coin (BNB) can be approached through various methods, each with its own level of risk and potential for profit. Here's how you can earn BNB:

              • Cryptocurrency Trading: Active traders on the Binance platform can earn BNB through strategic trading. By leveraging market movements and trading pairs involving BNB, profits can be realized. This method requires a good understanding of the crypto market and the ability to respond to market fluctuations effectively.

              • Transaction Fee Rebates on Binance: Using BNB to pay for transaction fees on the Binance exchange grants users discounts and rebates. This is particularly beneficial for frequent traders on the platform, as it can lead to significant cost savings over time.

              • Participating in Token Sales on Binance: Holding BNB allows users to participate in token sales hosted on Binances token launch platform. This can be a way to invest in new and potentially lucrative cryptocurrencies early on.

              • Staking and Yield Farming: Binance offers options for staking and yield farming where you can earn rewards by locking up your BNB. This method generates earnings over time based on the amount of BNB staked.

              • BNB as a Long-Term Investment: Investors who believe in the long-term growth of the Binance ecosystem might consider holding BNB as a long-term investment. The appreciation in value over time can result in earnings.

              • Referral Programs: Binance has referral programs where you can earn a commission in BNB by referring new users to the Binance platform.

              • Contributing to the Binance Ecosystem: For those with technical expertise, contributing to the Binance ecosystem through development, bug bounties, or community initiatives can sometimes lead to rewards paid in BNB.

              • However, it's important to note that earning BNB, like any investment in cryptocurrencies, carries risks. The value of BNB is tied to the performance and stability of the Binance ecosystem, and the broader crypto market's volatility also affects it.


                Binance Coin (BNB) is a notable player in the cryptocurrency market, founded by Changpeng Zhao and Yi He in 2017. BNB is native to the Binance ecosystem, offering utilities within the platform such as paying for transaction fees and participating in token sales. It is supported by various exchanges and wallets but is primarily dependent on the success of the Binance platform.

                BNB has demonstrated a growing presence in the crypto space, and its value is closely tied to the performance of the Binance platform. While BNB has shown solid growth and adaptability by integrating into Binance's services, it's predominantly tied to the Binance ecosystem, which can be seen as a limitation compared to more universally accepted cryptocurrencies such as Bitcoin or Ethereum. BNB's value might be influenced by the platform's success and any regulatory actions against Binance.

                In terms of investment, it has shown potential for appreciation, especially with Binance performing regular coin burns to decrease supply. However, like all cryptocurrencies, investing in BNB comes with risks and is subjected to market volatility. Therefore, potential investors should conduct thorough research and consider their financial situation and risk tolerance before investing in BNB. Consulting with a financial advisor is always recommended for making any investment decisions.


                Q: Which are the main platforms that support BNB transactions?

                A: BNB is primarily supported on Binance, but it's also available on other exchanges like Ethfinex, HitBTC, and more.

                Q: How can I store my BNB tokens?

                A: BNB tokens can be stored on various wallets, such as Binance Trust Wallet, Ledger, Trezor, and others.

                Q: What are the core uses of BNB within the Binance system?

                A: BNB is primarily used for transaction fees on Binance platform, participation in token sales, and other services within the Binance ecosystem.

                Q: Is BNB minable like Bitcoin or Ethereum?

                A: No, BNB is not minable as it was issued through an Initial Coin Offering (ICO) with a fixed supply.

                Q: Which exchanges can I use to purchase BNB?

                A: You can buy BNB primarily on Binance, but it is also available on several other exchanges such as HitBTC, Ethfinex, and

                Risk Warning

                Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews


656 ratings

Participate in evaluation
Absolutely fed up with the poor liquidity on 币安币. Transaction speed leaves a lot to be desired, just isn't practical.
2024-02-13 08:19
A great project especially for starters. easy to learn and easy to invest will be on the top in d future ☄️🔥
2023-11-01 21:20
gained adoption not only on the Binance platform but also in various DeFi projects, wallets, and third-party services.
2023-10-31 13:11
币安币's user interface is complex. It is a topic that is difficult to fully understand but is too difficult. It's very complicated and customer support is not that good.
2023-09-24 05:05
Binance Coin has a strong and active community.
2023-11-03 05:44
Dexter 4856
If you are new trader, you should have this coin to trade, smart investors choose it.
2023-11-02 23:23
BNB is a great token with a bright future
2023-10-24 15:12
BNB is a great token that has several advantages including lower transaction fee and a wide range of use cases. The value of BNB is linked to the success of the Binance exchange, and it has experienced significant price volatility in the past.
2023-12-21 05:34
One of the best and gaining crypto now a days
2023-11-23 14:13
Shaban 4517
If you are new trader, you should have this coin to trade, smart investors choose it.
2023-11-23 01:00
Royalty ddd
I love this coin so much is one of the best in the crypto space, very versatile for investment.
2023-11-14 17:51
Binance Coin was initially created as an ERC-20 token on the Ethereum blockchain but later migrated to Binance's own blockchain, Binance Chain. It serves as the primary cryptocurrency for paying trading fees on the Binance exchange. Users can get fee discounts by using BNB to pay for trading fees, making it a valuable asset for frequent traders on the platform.
2023-10-30 23:02
BNB one of great token we hold ,as we know it's back up of legend whales....
2023-09-09 14:45
good one! pretty cheap for gas fee.
2023-09-07 22:50
best token so far
2023-09-05 11:59
If you are new trader, you should have this coin to trade, smart investors choose it
2023-08-24 21:24
Love this token,easy to withdraw in small amount
2023-08-24 09:36
the most used crypto token for me
2023-08-23 22:36
good token here👍
2023-08-23 17:25
best token so far!
2023-08-23 16:04

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