Binance Coin Price
Binance Coin price at the moment is 553.9$ and has a circulation supply of 195840.58 BNB.
Live Binance Coin Price Chart
BNB Price Change and Market Cap
Currently, BNB price is 553.9$. According to the BNB price chart, the 24-hour change is 0.29%. The total market capitalization of BNB is $194751 with 352 BNB in circulation. In the previous 24 hours, BNB price hit highs of 562.4$ and lows of 548.9$.
Binance Coin has grown significantly since its creation and became one of the most valuable cryptocurrencies on the market. Binance coin price reached its all-time high of $39.57 on June 22, 2019. The first half of 2020 has been volatile for Binance Coin. At the start of January, Binance Coin price was $13.80 and it continued to grow till mid-February to $25. When the COVID-19 pandemic struck the whole market, Binance Coin price dropped to single digits in March. Despite the fall, BNB price picked up a steady pace in the second quarter of the same year and closed in June at around $15.
Binance coin price predictions are mostly on the brighter side. Experts predict that Binance Coin price will sky-rocket in the long run and by 2025 BNB price will be around $50. We even heard crypto analysts hinting that in the same period, BNB will be crossing the hundred dollar mark. For sure, it’s too early to predict the Binance Coin price for 2030 but we expect that it would reach new heights if Binance continues the same pace in terms of the developments and acquisitions.
Binance Coin Wallets
Confused about which wallet to get?
We got you covered! Pick from Trezor, CoolWallet S or Exodus. In all of these wallets, you can store Binance Coin, monitor live BNB prices. The differentiating factor is you can instantly exchange Binance Coin with ChangeHero right inside your wallet application.
Binance Coin Exchange
ChangeHero is the most reliable instant cryptocurrency exchange to swap BNB. You can exchange Binance Coin against your favourite crypto without any limitations. We offer two different types of rates for your Binance Coin exchange – Best Rate & Fixed Rate. In the Best Rate Binance Coin exchange, we pick the best available rate in the market. A key point to remember is that the final amount of crypto you receive may be different due to volatility. If you are looking to avoid this scenario, Fixed Rate is the go-to choice. We freeze a good rate for your Binance Coin exchange and proceed with the transaction. You will receive the same amount of crypto as estimated. ChangeHero covers the market risks for your Fixed Rate BNB exchange.
Enter the amount and provide your address
Choose the BNB pair you want to trade and input your Wallet address(es).
Confirm your transaction
Check all the data once again and confirm your transaction.
Send BNB
ChangeHero will generate a deposit address, use your Wallet to send funds there.
Wait for the exchange to complete
Wait a few minutes - your assets are on the way to your Wallet!
What is Binance Coin?
Binance Coin is a cryptocurrency native to the popular exchange Binance. Initially, it was launched on the Ethereum Network as an ERC-20 Token. The token drew the attention of the investors well and collected $15 million in its ICO held in July 2017. Later, in 2019, Binance Coin was migrated to the Binance Chain which was developed to support the Binance DEX (Decentralized Exchange).
BNB is the trading ticker for the Binance Coin. Tendermint is used as a consensus mechanism and the block size is capped at 1MB in the Binance Chain. To keep the value of the BNB intact, Binance conducts quarterly burns until the supply of Binance Coin reaches 100 million. Binance Coin is a utility token which is mainly used to pay fees on the Binance exchange at a discount and also fuels the reward system. Besides, BNB powers smart contracts on the Binance Chain. BNB is also widely accepted by merchants online as a means of payment.
Frequently Asked Questions
What is your commission for Binance Coin exchange?
ChangeHero charges a low fee of 0.5% for your BNB exchange.
Are Binance Coin and Binance same?
Binance is a cryptocurrency trading platform, whereas Binance Coin is a utility token on the Binance Chain. BNB can be used to pay for the fees on Binance platform and widely accepted by merchants online. For more details read our article about Binance Coin.
What is the average processing time for Binance Coin exchange?
Usually, we process your BNB exchange within 15 minutes. In some cases, the time may vary as the confirmations on the blockchain is beyond our control.
Is KYC mandatory to exchange Binance Coin?
No, you can exchange BNB without a KYC procedure. However, you will be asked to go through a verification procedure if the source of the funds appears to be dubious.
Do I need an account to exchange Binance Coin?
ChangeHero is an account-free service, you can instantly exchange BNB without any signups.
How many blockchain confirmations are needed for BNB?
We consider BEP2 BNB received after 1 blockchain confirmation and BEP20 after 3 confirmations.