Binance Coin is a Cryptocurrency, the network powered by PoS+ enhanced (consensus mechanism based on original technology) algorithm. The original software was first released July 14th, 2017. Nowadays the cryptocurrency is managed by the Binance, an organization based in the MT. Smart Contracts are supported by the Binance Coin blockchain. Binance Coin is issued by the cryptocurrency exchange platform. The official Binance Coin website is https://info.binance.com.
As of today, February 26th, 2024, out of totally available 153,856,150 BNB, 153,856,150 are in circulation. It's not possible to mine binance coins. The total market capitalization of binance coin is $59,851,059,131, the rank among other cryptocurrencies (based on the capitalization) is #4. The current rate of 1 BNB is $388.95 USD.
Binance Coin started as ER-20 token (issued on the Ethereum blockchain) during an Initial Coin Offering (ICO) crowdfunding event held by the Binance, which took place between the 26th of June to the 3rd of July, 2017. Totally 100,000,000 tokens (50% of the maximal supply) were sold during the crowdsale. April 23rd, 2019 the Binance Chain mainnet was launched, transferring BNB into a cryptocurrency.
Binance Chain uses its own consensus mechanism called BFT (PoS should be also introduced) to produce blocks using qualified nodes, called Validators. The scheme is similar to the PoS and DPoS mechanisms used by many popular blockchain platforms. According to the plans, introduced in the Whitepaper, the exchange plans to use 20% of the quarterly profit to buy back BNB and burn (destroy) it, until 50% of the max supply (i.e. 100 out of 200 million) will be burned.
The coin has several use cases. Most notably, it's used as the utility token in the Binance Exchange Ecosystem, allowing the users to receive up to 50% discounts when paying trading fees with BNB (although the discount will be reduced yearly until 2021 when it will become 0%). It's also used to buy tokens offered on the Binance Launchpad (so-called Initial Exchange Offering scheme of crowdfunding, similar to the ICO) and to power the Binance Decentralized Exchange (DEX).
Binance Coin is currently supported by 40% of exchanges (4 of 10) currently having active orders at ExchangeRates.Pro: 2 Exchange Brokers, 2 Trading Platforms have offers, allowing you to buy and sell BNB. Let's check and compare which of these exchanges will suit you the best, dear visitor!
There are some worthy and undoubtedly good, trusted exchanges among the ones with BNB support. One of them, CEX trading platform, is really special! Our visitors and the ranking algorithms came to this conclusion while comparing and reviewing the websites and apps exchanging Binance Coin. The service is extraordinarily fine, very few of the rest 332 exchanges and 15 trading platform sites we compare could receive such kind words in the testimonials and so impressive numbers in the results. It's so good that we feel obliged to share our experience with you, dear guest! Let's mention the key fact and describe the most important features making CEX an ideal trading platform for buying, selling and exchanging BNB in United States:
CEX is a Trading Platform; CEX.IO LTD (dba CEX) had started the project back in July 2014. The company is incorporated in the United Kingdom and headquartered in London. The official street address of CEX is 24th Floor One Canada Square, Canary Wharf London E14 5AB. The operational entity is a registered, regulated and licensed financial company. License granted by the FinCEN, the Firm is holding the Money Transmission license. FINCEN registration number 31000176194955. This is a highly trusted, undoubtedly a reputable, a long-standing, settled service. Trading Platform works with 29 cryptocurrencies and tokens: AAVE, ADA, BCHABC, BNB, BTC, DAI, DASH, DOGE, DOT, ETH, FIL, ICP, KSM, LINK, LTC, MATIC, NEO, OMG, SOL, SUSHI, TRX, TUSD, UNI, USDC, USDT, WBTC, XLM, XRP, ZRX.
The customers are welcome to buy and sell coins and tokens with 3 national aka fiat currencies: EUR, GBP, USD. Totally 8 payment systems and banks are at your's disposal. Besides, we can swap the cryptos and tokens, converting one into another. Apart from the currencies conversion operations, cex.io is offering some other services, that could be interesting for crypto-users, like Lending, Margin Trading, Faucets (small amounts of cryptos for free), Staking, MasterNodes, etc. (passive income opportunity). Impressive, right? The features that our users enjoy the most out of this wonderful platform:
CEX currently provides 6 ways of purchase and sale Binance Coins in United States with the national currencies and the most exciting news are that the payments in US Dollars are possible:
Sweet! Buying and selling with fiat aside, there are 8 cryptocoins and tokens exchangeable with BNB: BCHABC, DASH, ETH, LTC, USDT, WBTC, XLM, XRP can be converted to Binance Coin and vice versa any time you please.
People love this Trading Platform; our ranking algorithms also came up with a high score. Hence we award CEX with a special status: the best Trading Platform worldwide! A magnificent outcome and it's fairly earned; it says a lot bearing in mind that we rate and compare 333 exchange websites and apps! The outline is that cex.io is truly remarkable service with reference to safety, reliability, reputation, etc., all over... We are confident, you won't have any regrets choosing this one!
Although all the exchanges supported by ExchangeRates.Pro are well-known, reliable, and trustworthy (all were thoroughly checked by our staff before listing), we've selected the best of the best for you. Exchanges that were top-rated by various sources, some are providing really outstanding service you'd love and remember. We (staff and the software) selected some of the most trusted platforms for our comparison and this top list, based on customers' feedback, time in the business, reputation, our own and independent reviews and other factors. Please note that we include only the "buy and sell" exchanges here, where you can swap bnb with fiat (national) currencies. Here are the top exchanges to buy and sell binance coins in United States:
Are you looking for the best place to buy binance coins? Of course, you are! Our price comparison of exchanges is here to help, although the easiest way is to check the best offers right away @ ExchangeRates.Pro, feel free to compare yourself. Let us show you what banks and payment systems you can use to buy and sell BNB, based on your location and preferences.
At this moment, there are 3 offers to buy Binance Coin in United States. Our software is collecting the statistics about the popularity of specific local banks and payment systems. Usually, the top ones that are the most popular are also very convenient. Otherwise, why would these become so popular? You can choose any of these right away, please be our guest:
We've compared a lot of offers to find the top ones; right now we have 3 ways for you to purchase binance coin available worldwide. Enough to choose from, right? Please keep in mind that not all of these may be possible to pay with US Dollar, the ones that will surely be good for the domestic currency are a little bit above. The top popular ways to purchase BNB crypto:
Even the greatest BNB HODL GANG members sometimes have to sell some of their precious coins. It's alright, everyone does it sometimes and we are here to help! We know you want to find the buyer which will give you the highest price, there are such ones at our platform — check ExchangeRates.Pro now to find the highest rate to sell binance coins to US Dollar and 152 more local currencies! There are various opportunities to swap your coins to hard cash, we list the most requested ones below.
There are currently 7 opportunities to cash out your binance coin coins in US. You'd likely need to out-exchange the crypto to pay for some local expenses, shopping, etc. It's reasonable to choose the safest and most comfortable option — a local bank you are using, your preferred payment system or cash in your city. Here is our top list of the ways other people in United States prefer to exchange binance coin to fiat:
Sometimes you may need to transfer the money to another country. If you are holding BNB, it makes sense to exchange some of these coins to the currency of that country. We can't know where exactly you would like to send the funds, so we will show you the most requested banks and payment systems worldwide you can send the transfer to. There are totally 4 options to out-exchange the bnb to fiat; the most frequently used banks, money transfer operators and global payment systems are:
Did you know that it's possible to exchange BNB to 48 other cryptocurrencies? It's possible to convert Binance Coin to/from 96% of crypto coins supported @ ExchangeRates.Pro. Some of these are really great ones (we don't list useless coins and tokens at our website), that's why we've prepared a list of exchange opportunities available. There are totally 163 swap possibilities with BNB and other coins and tokens. Coin to coin exchanges are safe, easy and beneficial when you are using our service, don't worry! Feel free to get all the best rates to swap BNB with other cryptos @ ExchangeRates.Pro right away or refer to the list of most highly demanded exchange directions first: