Binance Coin price (BNB)

Price in CZK

24h change

Market Capitalization 77.66B USD

Circulating Supply 134,782,184

Maximum Supply 200,000,000

Binance Coin (BNB)

Binance Coin (BNB) is the native token of the Binance exchange and one of the most widely used utility tokens in the crypto world. It was launched in 2017 alongside the exchange as an ERC-20 token on Ethereum but later migrated to its own blockchain. BNB has a limited supply, and its total number is gradually decreasing through regular token burns. The token is used for fee payments, purchases, staking, and other activities within the Binance ecosystem.

Use Cases

BNB has a wide range of uses both inside and outside the Binance exchange:

Paying trading fees on Binance (with a discount),
Paying transaction fees on the BNB Beacon Chain and BNB Smart Chain,
Paying for goods and services via Binance Visa cards,
Using in decentralized applications (dApps) and games,
Contributing to Binance Charity projects,
Providing liquidity on Binance Liquid Swap,
Earning rewards through exchange activities and staking.

History and Origins

BNB was created in 2017 during an Initial Coin Offering (ICO), during which 200 million tokens were issued. Half were offered to the public, and the other half was reserved for the development of the exchange.

The token was originally built on the Ethereum network (ERC-20 standard). In 2019, Binance launched its own network, the Binance Beacon Chain (formerly Binance Chain), and performed a 1:1 token swap. In 2020, the second network — Binance Smart Chain — followed, enabling smart contracts and faster transactions.

Today, there are three versions of BNB:

BNB ERC-20 (Ethereum, historical version),
BNB BEP-2 (Binance Beacon Chain),
BNB BEP-20 (Binance Smart Chain).

How Does Binance Coin Work?

BNB cannot be mined because all tokens were pre-minted. It is possible to stake BNB:

Through running your own staking validator (more technically demanding),
Through the Binance exchange (a simpler staking method),
Or via hardware wallets that support staking.

Each quarter, Binance conducts a burn of a portion of the tokens, reducing the total supply of BNB in circulation. The goal is to decrease the supply to 100 million tokens.

How Is Binance Coin Different from Other Cryptocurrencies?

Unlike classic cryptocurrencies that function as independent assets (such as Bitcoin as digital gold), BNB is closely tied to the Binance exchange ecosystem.

BNB has extensive utility — it is used for payments, staking, trading, and governance on the BNB Chain. At the same time, BNB benefits from the strength and reach of the Binance platform.

Sources

Websites

Official website

Whitepaper

Blockchain explorer

Socials

Binance Coin and what people ask most:

Can I swap BNB for another cryptocurrency?

Yes, BNB can easily be swapped for other cryptocurrencies.

Can I use BNB to pay for goods with a card in stores?

Yes, but it is not a direct BNB payment. It is made via the special Binance Visa card, which holds an equivalent amount of BNB converted into fiat money.

How does BNB token burning work?

BNB burning is a process where Binance permanently removes a portion of tokens from circulation to decrease the total supply. Since 2022, an automatic system called Auto-Burn calculates the amount of BNB to burn based on the price and network activity. The goal is to reduce the original supply from 200 million to 100 million tokens.

Few of our numbers

2014

Our founding year. In crypto,
one decade is a small eternity.

€4 B

The volume we managed to trade so far.

120 k+

People from all over the world put their trust in us. Thank you.