BNB Coin review details (BNB)



Click to see screenshots
BNB Coin (BNB) is a cryptocurrency that originally was made specifically for transactions on the Binance cryptocurrency exchange. As of January of 2018, Binance was the largest cryptocurrency exchange in the world facilitating a record 1.4 million transactions per second. The trading exchange was founded by Mr. Changpeng Zhao and was originally based in China. Chinese regulation that threatened the business, however, forced it to relocate to the Cayman Islands that same year.
BNBUSDT (0.32%)
$239.6
June 28, 2022, 1:30 pm [UTC]


›› Buy/Sell the BNB Coin here

 

Today, BNB Coin can be traded on multiple platforms and blockchains around the world - either as BNB or Wrapped BNB (WBNB). When writing this summary about BNB, it's the 3rd largest cryptocurrency by market cap. Binance.com is the obvious website to buy, sell, trade, pool and stake BNB in a simple manner.

 

Briefly about BNB Coin

The BNB coin is something everyone needs to have in their wallets, since most new cryptocurrencies are based on BSC-20 - the blockchain behind BNB. Before, it used to be called Binance Coin - but there is a wish to separate themselves from Binance, allowing them to be traded in the U.S and not be classified as a security. That's they they are doing a lot of efforts to change the names and set-up.

The world's biggest crypto exchanges' own cryptocurrency.CryptoLists.com
 

The Binance coin was officially launched in 2017 and worked initially on the Ethereum Blockchain with the ERC-20 token and changed name to BNB in February 2022. BNB stands for Build and Build" and aims to characterise the wide usage that the native Binance coin have for dApps.

 

Utility of BNB Coin?

BNB is the 3rd largest crypto coin in the world. They got their own blockchains called BSC20 and BEP-20. It's very affordable to trade, since the gas fees and transaction costs are competitive, especially for a coin with this kind of volume. The main risk for BNB is regulation, since U.K already banned Binance UK from operating. If U.S and other jurisdictions follow, this could be a huge risk factor for the BNB price. However, Binance are taking lots of action to avoid being classified as a security in the US. The BNB coin is a transaction coin, that is used for gas in the BNB chain.

BNB Coin Price details

BSC Contract address: 0xbb4CdB9CBd36B01bD1cBaEBF2De08d9173bc095c




Very speculative and theoretical potential data
Last updated: June 28, 2022, 12:57 pm
›› BNB tokenomics and social media
 

Advantages at BNB Coin

+ Low transaction and gas fees.
+ Buying, selling and trading BNB is a fast experience.
+ Great amount of liquidity is available.
+ One of the top 3 cryptocurrencies in the world.
 

Disadvantages

- All tokens don't support exchange with BNB.
- The lack of regulation in most jurisdictions is the main challenge.
- Many websites offer high fees when buying BNB.
- A very addictive coin with so many tokens available for exchange.
 

Costs

▪ Rated at 9/10

The costs in the form of gas fee and transaction fees are way lower than the main competitor - Ethereum. However, Solana (SOL), Polygon (MATIC) and Avalanche (AVAX) still got considerably lower transaction costs. That being said, it's seldom you pay above 1 USD for transactions with BNB.

 

Reputation and Buzz

▪ Reputation rated at 9/10
▪ Buzz rated at 10/10

BNB got an excellent reputation, going from ERC-20 to their own blockchain - and 1000's of coins following them. It's the leading alternative to ETH tokens today, even if the daily transaction volume is way lower than both ETH and USDT. The buzz for BNB is amazing and has only been increasing the last few years.

 

Some of the developers involved in BNB Coin

▪ Rated at 10/10
The logos below represent some of the developers who have been involved in BNB Coin. Check out the developer about page, by clicking the logo. There you can see what coins they have developed and at what exchanges, brokers and trading platforms their coins are available.
 

FAQ

What can BNB be used for?

The BNB Coin is the utility token for 2 exchanges, the Binance exchange, and the Binance.US exchange. Beyond exchange use, BNB can be used:

To Pay the Platforms fees
Make purchases on a variety of applications such as DApps and Binance powered games
To buy virtual gifts
Pay for travel arrangements
Is usable in the Binance Liquidity Swap
To donate Binance Charity

Is BNB a good hold?

According to the latest statistics over major coin, Binance is the 3rd biggest cryptocurrency in the world after Bitcoin and Ethereum. If you decide to hold BNB, these are a few benefits and bonuses that you can advantage of that are offered by the platform:

Binance allows users to apply for a crypto loan.
BNB holders can get access to VIP programs that allow them to save more.
Holders can also buy assets and earn rewards in the IEO.

What is the highest value Binance Coin ever had?

The highest BNB price ever was recorded earlier this year on the 3rd of May where it traded at 677.13 USD, before it went down again. DigitalCoins forecast has the price at an average of 1027.73 USD in 2022 and 1214.60 USD in 2023 and 1785.22 USD by 2025.

How much BNB was sold in the ICO?

At its Initial Coin Offering in July of 2017 the tokens were distributed among three main participants:
Public sale 100 million BNB (50%)
Founding team 80 million BNB (40%)
Angel Investors 20 million (10%).

›› Trade the BNB Coin here›› Buy/Sell the BNB Coin here

Screenshots from BNB Coin

Click for larger image

Related crypto site? Learn more about Binance

BNB is a utility token for the exchange Binance, so it's worth reading more about the company behind below.

Binance is a crypto-exchange platform founded by Changpeng Zao in 2017. The founder initially set it up in China but soon moved to Japan and later the Cayman Islands due to increased regulation from the two governments. However, it didn't stop them from growing. In 2 years, Binance grew to be the biggest crypto-exchange platform globally...

›› Read our full Binance review here or more directly at their website here.
Largest on crypto. Over 200 cryptocurrencies to trade, both currency exchange with a wallet, CFD trading, staking and much more.


›› Sign up at Binance here

 

More sites where to buy/sell/trade BNB Coin

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
 

BNB Coin details and tokenomics

BNB Coin Ticker: BNB
BSC Contract address: 0xbb4CdB9CBd36B01bD1cBaEBF2De08d9173bc095c
Type of crypto: bsc-token
Launch/ICO Date: July 21, 2017
Date for the end of ICO: July 27, 2017
Resources & Social media
Blockchain URL: https://bscscan.com
 

Other tokens or coins to check out

Since you are interested in BNB Coin, you may also want to check out the coin(s) or token(s) below?
BNB Coin Newsflash
    Red day for crypto - BNB falling 11% & ETH is down 9%Red day for crypto - BNB falling 11% & ETH is down 9%
    Tuesday, 7 Jun 2022 2:50 pm
    Crypto Lists notice mostly red numbers for crypto coins and tokens. Some of the most remarkable volatility include BNB falling 10.51%, while ETH is down 9.5% and Solana is falling 14.5%. S&P 500 is falling 0.8% in the pre-market trading and Nasdaq is down 1.2%. Will both markets turn when U.S open, or will it continue down? Stay tuned to find out and give Kucoin a try - where you can...
    Read the full newsflash


    Binance Network Makes a Push in IndiaBinance Network Makes a Push in India
    Wednesday, 4 May 2022 5:00 pm
    Binance (see review) has started an initiative in India to educate and empower crypto investors. The company aims to primarily target students and hopes to promote financial freedom through the adoption of crypto, at least BNB. One of these programs is known as the Blockchain for Good Ideathon, and this is focused on solving problems using blockchain technology. In the program, students can attend hands-on workshops that are hosted by experts from Binance blockchain and other reputable individuals. Have you not tried Binance yet? It's one of the top sites, so give Binance a try now!...
    Read the full newsflash

Recent crypto sites
Recent crypto coins
仍 CryptoLists.com
Copyright 穢 2019-2022, by Crypto Lists Ltd (CryptoLists.com)