- Binance Coin (BNB)
- Live Price $22.360
- 24h % 3.73%
- Market Cap$3.44 B
- Volume$325.53 M
- Available Supply153.47 M BNB
The Binance Coin Price chart above provides you with the latest and most accurate Binance Coin price using live data pulled from the worlds leading exchanges. This enables us to show real-time stats and live market fluctuations. You can use the chart above to plot strategies and predict the Binance Coin cash price, then take a screenshot of your graph and save it to your computer or publish it on Tradingview. We have listed as much of the information as we can from live changes, volume, to Binance Coin price in Dollars (USD), Great British Pounds (GBP) and Euros (EUR).
What is Binance Coin?
Binance Coin is an ERC20 token which trades with the BNB symbol and is issued on the Ethereum blockchain by the Binance cryptocurrency exchange. The name Binance is a combination of binary and finance. Binance Coin allows you to pay a сommission for transactions on the Binance exchange to receive additional discounts. The first year you will get a 50% discount, in the second year you will get a 25% discount, in the third year you will get 12.5% discount and in the fourth year, you will get 6.75% discount.
BNB has a maximum of 200 million tokens. Binance has a repurchase plan where it will use 20% of its profits to buy back and burn BNB tokens until a maximum of 100 million or 50% of the total supply is purchased back and burnt.
History of Binance Coin
Binance Coin launched in July 2017 during an ICO (initial coin offering). Through the ICO process, it offered 10% BNB tokens to angel investors, 40% BNB tokens to the founding team and the remaining 50% BNB tokens to various participants.
How to buy Binance Coin?
As we stated above, BNB was created exclusively as a digital tool which provides a discount for Binance exchange users, so it makes sense that it can only be bought there. You can buy Binance Coin on Binance using a wide range of over 40 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).
You will need to download a wallet to store your Binance Coins; we recommend the MyEtherWallet.
Markets / Exchanges