Buy Binance Coin
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The live BNB price today is $316.09 USD with a 24-hour trading volume of $593,535,365 USD. We update our BNB to USD price in real-time. BNB is down 1.04% in the last 24 hours. The current CoinMarketCap ranking is #4, with a live market cap of $49,906,365,790 USD. It has a circulating supply of 157,888,831 BNB coins and the max. supply is not available.
If you would like to know where to buy BNB at the current rate, the top cryptocurrency exchanges for trading in BNB stock are currently Binance, OKX, Deepcoin, Bybit, and Bitrue. You can find others listed on our crypto exchanges page.
Since launching the BNB, the exchange has also benefited from increased investor interest in the coin. BNB went through a significant price increase at the beginning of 2021, which has put it on the map of enterprise investors.
This has helped Binance overcome several exploits of protocols on BSC, such as a $200M exploit of Pancake Bunny and several hacks of Cream Finance. Despite these hacks, users return to Binance for its low fees and the abundance of lucrative meme coins in its ecosystem.
Within the crypto industry, a coin burn is a deflationary mechanism that is used to permanently remove coins from circulation. Most cryptocurrency projects, including Binance, periodically burn coins to sustain the value of their digital asset and create a deflationary effect.
BNB utilizes two coin-burning mechanisms. The first mechanism consists of burning a portion of the tokens spent on transaction fees on the BNB Chain, and the second is its quarterly BNB burning events.
According to the Binance whitepaper, exactly half of the maximum supply of BNB coins was allocated towards the initial coin offering (ICO) and public sale of the coin. The ICO was held in July 2017 shortly after the exchange launched, and saw Binance raise $15 million in funding, with BNB price at $0.10 during the ICO. Taking BNB price today, that represents an almost 4200X return on investment (ROI). Another 40% of the total supply, or around 80,000,000 BNB coins, was distributed among the founding members and team. Finally, the remaining 10% of the maximum supply was split among angel investors.
While ERC-20 tokens rely on the proof-of-stake (PoS) consensus, which allows them to be extremely scalable, and allows for the creation of smart contracts. Unlike PoS, the Binance blockchain does not support smart contract functionalities. In contrast, the Bitcoin blockchain is secured by the proof-of-work (PoW) consensus, which is far more limited and consumes large amounts of electrical and computing power.
As the dedicated utility token of the Binance exchange, the most straightforward way to acquire BNB coins would be to purchase them through Binance. The original exchange supports the largest variety of trading pairs with BNB, and it also has the best trading rates for the coin. Since the launch of Play2Earn games, interest in the BNB to PHP price has increased substantially.
Binance Coin holders can use the tokens to receive discounts on Binance crypto exchange transaction fees. It can also be used to trade for other cryptocurrencies, such as Bitcoin, Dogecoin or Litecoin.
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Several factors impact the price of a Binance asset. Binance has ensured that BNB has a finite coin supply. BNB is also a utility token, which has various uses on the BSC. You can use it to pay for transaction fees on the Binance Chain, Binance DEX, and the Binance site. These are only a few factors that determine the BNB coin price.
Yes, you can buy Binance coin on Changelly without the Know Your Customer (KYC) process. However, remember that not all providers allow this. You may add Binance coins into your crypto wallet, depending on the chosen FIAT provider.
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