What is Binance Coin (BNB)
What is Binance Coin?
BNB powers the Binance ecosystem and is the native asset of the Binance Chain. BNB is a cryptocurrency created in June 2017, launched during an ICO in July, and initially issued as an ERC-20 token. Designed to be used for a fee reduction on the Binance exchange, its scope was extended over the years.
BNB powers the Binance Chain as its native chain token. For instance, it is used to pay fees on the Binance DEX, issue new tokens, send/cancel orders, and transfer assets.
BNB is also powering the Binance Smart Chain, which is an EVM-compatible network, forked from “go-ethereum”. It supports smart contracts and relies on a new consensus mechanism: Proof-of-Staked Authority (PoSA) consensus (“Parlia”), which incorporates elements from both Proof of Stake and Proof of Authority. BNB is used for delegated staking on the authority validator, leading to staking rewards for users and validators.
Besides its on-chain functions, BNB has multiple additional use-cases such as fee discounts on multiple exchanges (e.g., Binance.com), payment asset on third-party services, and participation rights & transacting currency on Binance Launchpad.
Binance Coin is available on MEXC, providing you with the convenience of purchasing, holding, transferring, and staking the token directly on our platform. Whether you are a seasoned investor or a newcomer to the world of cryptocurrencies, MEXC offers a user-friendly interface and a variety of tools to manage your Binance Coin investments effectively. For more detailed information about this token, we invite you to visit our digital asset introduction page.
Additionally, you can:
- Check BNB staking availabilityto see how you can earn rewards on your holdings.
- Read reviews and analytics about Binance Coin on our blog to stay informed about the latest market trends and expert insights.
Our comprehensive resources are designed to make your Binance Coin buying experience smooth and informed, ensuring you have all the tools and knowledge needed to invest confidently.
Binance Coin Price Prediction
Cryptocurrency price predictions involve forecasting or speculating on the future values of cryptocurrencies. These forecasts aim to predict the potential future worth of specific cryptocurrencies, such as Binance Coin, Bitcoin, or Ethereum. What will be the future price of BNB? How much will it be worth in 2026, 2027, 2028, and up to 2050? For detailed prediction information, please check out our Binance Coin price prediction page.
Binance Coin Price History
Tracing BNB's price trajectory provides valuable insights into its past performance and helps investors understand the factors influencing its value over time. Understanding these historical patterns can offer valuable context for assessing BNB's potential future trajectory. For detailed price history information, please check out our Binance Coin price history page.
How to buy Binance Coin (BNB)
Looking for how to buy Binance Coin? The process is straightforward and hassle-free! You can easily purchase Binance Coin on MEXC by following our step-by-step How to Buy guide. We provide you with detailed instructions and video tutorials, demonstrating how to sign up on MEXC and use the various convenient payment options available.
BNB to Local Currencies
Binance Coin Resource
For a more in-depth understanding of Binance Coin, consider exploring additional resources such as the whitepaper, official website, and other publications:
People Also Ask: Other Questions About Binance Coin
The live price of Binance Coin (BNB) is 595.4 USD.
The current market cap of Binance Coin is $ 83.89B USD. It is calculated by multiplying the current supply of BNB by its real-time market price of 595.4 USD.
The current circulating supply of Binance Coin (BNB) is 140.89M USD.
As of 2025-05-05, the highest price of Binance Coin (BNB) is 793.7 USD.
The 24-hour trading volume of Binance Coin (BNB) is $ 38.92M USD. You can discover more tradable tokens on MEXC and check their 24-hour trading volume.
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Disclaimer
Cryptocurrency prices are subject to high market risks and price volatility. You should invest in projects and products that you are familiar with and where you understand the risks involved. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. MEXC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.
Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third party sources. They are presented to you on an “as is'' basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under MEXC’s control. MEXC is not responsible for the reliability and accuracy of such third-party sites and their contents.
