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, July 5th, 2022, out of totally available 163,276,974 BNB, 163,276,974 are in circulation. It's not possible to mine binance coins. The total market capitalization of binance coin is $38,086,600,611, the rank among other cryptocurrencies (based on the capitalization) is #5. The current rate of 1 BNB is $233.42 USD; converting to the national currency of United Arab Emirates, the rate is 857.28 AED for 1 BNB.
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 54% of exchanges (7 of 13) currently having active orders at ExchangeRates.Pro: 2 Exchange Brokers, 3 Trading Platforms, 1 eWallets, and 1 P2P Marketplaces 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!
Sorry, at the moment there are no active exchanges with live offers to buy/sell Binance Coin with fiat currencies in United Arab Emirates. Our teams tries our best to add some ASAP!
Besides the abovelisted great exchanges, serving United Arab Emirates and allowing domestic payments in United Arab Emirates Dirham among other countries and currencies, there are also very good international ones among the websites exchanging binance coins. Hence if you need AED|BNB exchange, please use the top list above. In case you are looking for other ways to purchase or cash-out Binance Coin using USD, etc. or swap it with various coins and tokens, feel free to check this selection of top four highest-ranked BNB exchanges from all around the world:
By the way, exchanges that accept AE, but don't allow fiat payments there are also in this list. So, if you want to pay using a payment method from abroad (say, you are originally from another country and want to buy or sell binance coin using the bank account or local payment system from there) or if you are looking for an exchange for someone else, this list will work great for you! Of course, we can't know what is that country you are looking for, but we have two options for you, both good. You are welcome to either
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 6 offers to buy Binance Coin in United Arab Emirates. 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 6 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 United Arab Emirates Dirham, 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 United Arab Emirates Dirham 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 16 opportunities to cash out your binance coin coins in AE. 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 Arab Emirates 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 5 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 46 other cryptocurrencies? It's possible to convert Binance Coin to/from 94% 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 212 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: