BNB Price Overview
- Current Price: $657.25
- 24h Change: -$4.95 (-0.75%)
- Contract Address: [0xb8c7...1bdd52] (Copied to clipboard)
Market Metrics
| Metric | Value |
|---|---|
| 24h Trading Volume | $717.76M |
| Volume/Market Cap | 0.0075 |
| Circulating Supply | 145.89M BNB |
What Is Binance Coin (BNB)?
BNB is the native cryptocurrency of Binance ecosystem, launched in 2017. Initially an ERC-20 token, it migrated to Binance Chain in 2019 and now powers Binance Smart Chain (BSC). Key utilities include:
- Discounted trading fees on Binance
- Staking rewards
- Governance participation
- Payments for travel/financial services
👉 Discover how to stake BNB for passive income
How BNB Chain Works
BNB Chain uses Proof of Staked Authority (PoSA), combining:
- Delegated Proof-of-Stake (DPoS) for efficiency
- Proof-of-Authority (PoA) for validator reputation
Benefits of PoSA:
- Faster transactions
- Lower operational costs
- Scalability trade-offs for higher throughput
BNB Price History
| Period | Price | Change |
|---|---|---|
| 24 Hours Ago | $662.24 | -0.75% |
| 1 Week Ago | $646.11 | +1.72% |
| 1 Month Ago | $669.38 | -1.81% |
| 1 Year Ago | $534.01 | +23.08% |
Using Binance Coin
Key Applications:
- DeFi Access: Trade, lend, or borrow on BSC dApps
- NFT Marketplace: Mint and trade NFTs
- Cross-Chain Swaps: Bridge assets between networks
👉 Learn to swap BNB tokens securely
FAQ Section
1. How do I buy BNB?
You can purchase BNB directly via MetaMask using credit/debit cards or bank transfers—no exchange required.
2. What’s BNB’s all-time high?
BNB peaked at $788.84 (date unavailable).
3. Is BNB a good investment?
Past performance shows +23.08% YOY growth, but always conduct independent research.
4. Can I stake BNB?
Yes! Stake BNB to earn rewards while securing the network.
5. How does BNB differ from Ethereum?
BNB offers lower fees and faster transactions but is less decentralized than ETH.
Pro Tips for BNB Holders
- Track Gas Fees: BSC transactions cost pennies vs. Ethereum’s dollars
- Explore dApps: PancakeSwap, Venus Protocol, and more
- Stay Updated: Follow Binance’s quarterly token burns
BNB continues to evolve as a cornerstone of the Binance ecosystem.