Binance Coin

BNB

0xb8c7...1bdd52

$820.84

-$10.86(-1.32%)Today

Market cap

113.06B

Total volume (24h)

2.01B

Volume / Market cap

0.0178

Circulating supply

137.74M

Day range (24h)

$803.57$832.86

All-time low

$0.0398

All-time high

$1,369.99

About Binance Coin (BNB)

What is Binance Coin (BNB)?

Binance Coin (BNB) is a decentralized cryptocurrency launched in 2017 that is the native token for Binance exchange. Pronounced “BEE-en-BEE,” BNB was originally created as an ERC-20 token on the Ethereum blockchain. In 2019, BNB migrated from Ethereum to Binance’s own blockchain network, called Binance Chain. In 2020, Binance launched Binance Smart Chain (BSC), a more versatile blockchain supporting smart contract. When it was launched, BNB's primary use was as a utility token, giving Binance users discounted trading rates when on Binance exchange.

How does BNB chain work?

BNB chain uses a Proof of Staking Authority consensus mechanism to validate transactions made on the blockchain. The technology incorporates an amalgamation of delegated Proof of Stake (dPos) and Proof of Authority (PoA) methods.

What are the benefits of PoSA?

In PoSA, network validators are selected based on the amount of crypto they stake, as well as their reputation, aka authority. This consensus mechanism results in a smaller amount of validators checking transactions onchain, which is less decentralized than PoS, but can facilitate a faster, more scalable network. Having less validators means a reduction in the communication needed between them. However, this structure can leave the blockchain network more vulnerable to attacks.

What is Binance Coin (BNB) used for?

Today Binance Coin can be used both inside and out of the Binance ecosystem. This includes staking, accessing decentralized apps (dapps), governance decisions, travel booking, and financial services.

HOW TO BUY BINANCE COIN

Price history

Today (December 2, 2025)	$820.84	-1.32%
24 hours ago (December 1, 2025)	$831.85	-1.32%
1 week ago (November 25, 2025)	$861.33	-4.70%
1 month ago (November 2, 2025)	$1,091.75	-24.81%
1 year ago (December 2, 2024)	$666.20	+23.21%

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With Binance Coin, you can send and receive BNB, the network’s native token, and use it to pay transaction fees or stake for rewards. Binance Smart Chain’s high-speed, low-cost blockchain also lets you access decentralized apps for trading, lending, borrowing, gaming, and NFTs. You can mint or trade NFTs, participate in DeFi protocols, and even bridge assets between Binance Smart Chain and other blockchains, all while benefiting from quick transactions and low fees.