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1 BNB =
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Switch to BNB
A trade fee will apply to this transaction (0.85% inc. GST).
What is BNB?
Binance Coin (BNB) is the cryptocurrency issued by the Binance exchange. Initialy ran on the Ethereum blockchain, it has since become the native coin of the Binance blockchain. BNB was initially created as an utility token for discounted trading fees, however its uses have expanded to numerous applications. These include payment for on-chain transaction fees, travel bookings, entertainment, online services and financial services.
An important thing to note is that although 100 million Binance tokens were initially offered in the ICO, the current total supply is lower. This is because every quarter, Binance uses 20% of its profits to repurchase and permanently destroy (or burn) Binance coins held in its treasury.