Check out Binance Coin price & performance - Comparewise

#1 Choice
Cryptocurrency App

Binance Coin

BNB

Binance Coin Market Stats

Binance Coin Price

$22,014.48

Binance Coin Price Change (24H)

$22,014.48

Binance Coin Price (24H Low)

$22,014.48

Binance Coin Price (24 High)

$22,014.48

Binance Coin Price (All Time High)

$22,014.48

Binance Coin Market Cap

$22,014.48

Binance Coin Volume (24H)

$22,014.48

Binance Coin Circulating Supply

$22,014.48

Binance Coin Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

Looking to buy [Bitcoin] at the current rate? The best cryptocurrecny exchanges for trading for [Bitcoin] stocks and coins are Bitbuy, CoinSmart, NetCoins, Netwon, and Crypto.com; you can find other [Bitcoin]-[BTC] exchanges on our best crypto exchange, best crypto exchange in Canada and best crypto exchange in the USA pages.

What Is Binance Coin (BNB)?

The Binance Coin (BNB) is the native cryptocurrency of the Binance Exchange. This digital coin was designed to allow traders to easily swap their cryptocurrencies through a common cryptocurrency.

When the BNB was introduced, it ran on the Ethereum blockchain as an ERC-20 coin. However, it soon left the Ethereum network when it became the native token of the Binance chain.

The Binance Coin (BNB) started with an Initial Coin Offering (ICO) of 200 million BNB tokens in July 2017. However, Binance gave 20 million tokens to angel investors and 80 million tokens to the founding team. They shared the remaining 100 million in a public auction during the ICO.

During the auction, all 100 million BNB got sold at 15 cents each. Through this process, Binance realized $15 million, where 35% of that was used to upgrade the Binance exchange. 50% of $15 million was used to market Binance and educate new users, while the remaining 15% was reserved for emergencies.

Binance Coin - Comparewise

Who Created Binance Coin (BNB)?

The Binance Coin (BNB) was created by the founder of the Binance exchange, Changpeng Zhao, in 2017. Changpeng Zhao is a crypto expert with lots of experience regarding cryptocurrencies. He once worked as the Chief Technology Officer (CTO) of OKCoin before he founded Fusion Systems in 2005.

Binance had its headquarters in China when it first launched. However, it moved to Japan due to its strict cryptocurrency laws. They later left Japan for Malta due to the same reasons.

How Does Binance Coin (BNB) Work?

BNB is just like every other volatile cryptocurrency, with a value that fluctuates due to trades from various individuals. Users can use this cryptocurrency to trade on the Binance exchange or pay for hotel bookings, online shopping, etc.

Although 100 million BNB are supposed to be in circulation, the actual amount is much lower than this. That’s because Binance has always used one-fifth of its quarterly profits to destroy (burn) all BNB in its treasury. Binance declares that they’ll continue doing this until 100 million BNB are destroyed to increase its value.

Is Binance Coin (BNB) a Good Investment?

Binance is a very popular token making it acceptable as a medium of payment in many places. The low transaction fees and high transaction costs make BNB one of the most useful cryptocurrencies. Their unique burn policy allows the value of BNB to increase steadily, maintaining stability in the crypto market.

Individuals wishing to invest in Binance would have to consider the advantages above and the drawbacks as well. One of the drawbacks of BNB is that its value is tied to the Binance exchange. This makes it very hard to increase its value unless the Binance exchange becomes more popular.

BNB has only been around for a few years, making many investors skeptical of its capabilities. Another issue with this cryptocurrency is its online reputation. In May 2021, the Justice Department and Internal Revenue Service investigated Binance. This is believed to be a result of the various regulations and rules that Binance was supposedly breaking.

Other regulatory actions have been taken by the United Kingdom, Japan, Malaysia, and the Netherlands. In Malaysia, the government filed a complaint against Binance for operating as an Unauthorised Virtual Service member. The United Kingdom Financial authority stopped Binance from operating in the UK since it lacked the necessary regulatory licenses.

These are the most apparent disadvantages that Binance suffers. With these, you can agree that Binance faces many issues due to its regulations and rules. Apart from these, Binance is a highly recommendable digital coin, suitable for long-term advancements.

FAQs about Binance Coin (BNB)

How Many Binance Coin (BNB) Coins Are There?

There should have been 200 million BNB coins before angel investors and the founding team took their part. This left 100 million BNB, but with Binance destroying some of their monthly coins, that number has dropped. As such, there are only roughly 168 million BNB in the universe.

How Is Binance Coin (BNB) Secured?

Since BNB is like a medium of exchange for the BNB Smart chain. As such, users can secure this coin by storing it in their cryptocurrency wallets.

What Can You Use Binance Coin (BNB) For?

The Binance token can be used for a variety of purposes, such as:

  • BNB is used for trading with others on the Binance crypto exchange
  • Traders can enjoy discounts on BNB when they wish
  • BNB can be used for loans and travels
  • BNB can be used to buy gifts

Binance Coin News

Loan Amount

Our service is accessible from anywhere. Skip the wait and stress of in-person meet and get great financing online today. what time is time today, how to buy a coin ...

Loan Amount

Our service is accessible from anywhere. Skip the wait and stress of in-person meet and get great financing online today. what time is time today, how to buy a coin ...

Binance Coin Community

Best Binance Coin Apps

Get $20 CAD in BTC with code: COMPAREWISE
Min Investment
$100
Coins Available
16+
Get a $50 Bitbuy bonus when you sign up
Min Investment
$250
Coins Available
25+
Get a $25 Netcoins bonus when you sign up
Min Investment
$10
Coins Available
22+
Get $25 CAD Newton bonus with code: 9APOU9
Min Investment
$100
Coins Available
70+
Get a $30 Coinberry bonus when you sign up
Min Investment
$50
Coins Available
29+
Get a $30 Shakepay bonus when you sign up
Min Investment
$5
Coins Available
2+
Earn up to $16 worth of crypto in Coinbase
Min Investment
$25
Coins Available
100+
Trade Bitcoin free and get up to $100 in welcome rewards
Min Investment
$50
Coins Available
600+
Up to 500 USDT welcome bonuses for new users
Min Investment
$5
Coins Available
600+
Get $100 when you top up $1k + earn up to 20% APR
Min Investment
$1,000
Coins Available
300+
Trade crypto at competitive rates in Changelly
Low Fees
0.5% - 5%
Coins Available
200+
Trade crypto, stock, and metals in one place
Min Investment
$1
Coins Available
130+

Best Binance Coin Wallets

Earn up to 8% yield on your crypto with Secure Wallet
Min Investment
$85 USD
Coins Available
70+
Limitless wallet addresses on one device
Storage Type
Cold
Coins Available
40+
Easy-to-use, ready within 10 minutes
Storage Type
Cold
Coins Available
1000+
Manage over 5,500 digital assets + install over 100 apps
Storage Type
Cold
Coins Available
100+
Full colour touchscreen + encrypted storage on cloud
Storage Type
Cold
Coins Available
1000+
Connect through Bluetooth + use Ledger Live app
Storage Type
Cold
Coins Available
100+
Earn up to $16 worth of crypto in Coinbase
Min Investment
$25
Coins Available
100+
Stake and earn almost up to 40% yield
Min Investment
$50
Coins Available
50+
Stake and earn 5%-20% APY + get cash back
Storage Type
Cold
Coins Available
300+
Manage multiple wallets in one platform
Storage Type
Software
Coins Available
IOTA
Earn up to 11.01% APR with staking crypto
Min Investment
$50
Coins Available
1 million+
Buy Crypto directly with USD, EUR, and GBP
Min Investment
1 XLM
Coins Available
255+

Binance Coin Analysis

Binance Coin (BNB) Analysis Summary

Binance Coin (BNB) can be used for many things, from trading on the Binance exchange to buying online wares. It’s one of the few currencies investors can convert their dust into. This crypto exchange has achieved stardom on the crypto scene, with many people seeing it as the biggest crypto exchange.

With the regulatory issue looming over this cryptocurrency, many investors wonder what the future’s like for BNB. Well, cryptocurrency experts have seen favourable days ahead for this digital coin.

WalletInvestor sees BNB as a suitable long-term investment, perfect for people that want to invest for a year. Their technical analysis algorithm sees Binance stopping at $1268. 350 in the year 2027. They propose that a five-year investment plan would see an increase of up to 403.2%.

Although they’re not as optimistic as WalletInvestor, DigitalCoinPrice believes BNB would be a sound future investment. In 2024, the maximum price for BNB would be $447.49, while the maximum price in 2025 would be $566.90.

Coinpedia believes that the Binance token would attract a massive following in its later stages. As such, the BNB price will hit a maximum of $888.12 or a minimum of $453.96 in 2024. In 2025, Coinpedia believes that BNB could reach $1287.48 or, in the event of a crash, $673.62.

Analysis Q&As

What is Binance Coin price today?

Binance Coin price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for Binance Coin?

Binance Coin hit an all time high of [All High].

What was the lowest price for Binance Coin?

Binance Coin had an all time low of [All Low].

What was the 24 hours trading volume of Binance Coin?

The 24 hour trading volume of Binance Coin is [Volume].

Where can Binance Coin be traded?

You can trade Binance Coin on Crypto.com, Kraken, Binance, and FTX. The popular trading pairs for Binance Coin in the market includes BNB/USD, Binance Coin/CAD, Binance Coin/EUR, Binance Coin/GBP, and Binance Coin/AUD. Binance Coin is a token that is related to the ... categories.

What exchange is Binance Coin on?

Online traders can buy or sell Binance Coin (BNB) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

wealthy simple free stock ad banner
Binance Coin Technicals

See Comparewise coin rating definitions for more information.

Binance Coin Price Statistics
Binance Coin Price Today

08/16/2022

Binance Coin Price

$22,014.48

Binance Coin Price Change (24H)

$22,014.48

Binance Coin Price (24H Low)

$22,014.48

Binance Coin Price (24H High)

$22,014.48

Binance Coin Price (All Time High)

$22,014.48

Binance Coin Market Cap

$22,014.48

Binance Coin Volume (24H)

$22,014.48

Binance Coin Circulating Supply

$121.3M

Grow your finances today.

By submitting, you agree to comparewise’s terms of use and privacy policy.

Browse coins by category

Avalanche is a platform for creating custom blockc...

DeFi (pronounced dee-fye) is short for decentraliz...

Crypto metaverses are immersive virtual worlds wit...

NFT stands for non-fungible token. It's generally ...

Polkadot is a protocol that connects blockchains ...

Solana is a proof-of-stake cryptocurrency with sma...

Earn Crypto Bonuses

See the top crypto deals and welcome bonuses on the market.