Exchange Binance Coin (BNB)
If you're looking to swap Binance Coin, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Binance Coin or some fresh information about BNB’s price movements. And, of course, we provide you with the multiple Binance Coin exchange options so that you can choose the offer with the best rates and lowest Binance Coin fees, as well as other parameters that suit you.
Binance Coin Price Stats
To help you make a decision about exchanging your Binance Coin, we gathered some cold hard numbers: Binance Coin price chart and other stats, such as Binance Coin market cap.
24H HIGH $276.85
BNB MARKET CAP $44,881,574,786.294
CIRCULATING SUPPLY 163,276,974.63 BNB
24H LOW $270.85
BNB PRICE $274.88
24H VOLUME $26,377,409.589
Binance Coin Price Chart
Here you can see the current price of Binance Coin, as well as Binance Coin price history.
What is Binance Coin?
Binance is the biggest cryptocurrency globally which is based on a daily trading volume. The goal of the project is to promote cryptocurrency as a major way of financial activity. The idea in the name is to show the new paradigm in global finance.
Besides being the biggest crypto exchange Binance offers the users the whole set of functions that creates the ecosystem. It includes Binance Chain, Binance Smart Chain, Binance academy, Trust Wallet and research projects. All of the elements are based on blockchain technology and are meant to represent the power of the new age of digital finances.
Binance was launched in 2017 by Changpeng Zhao and He Yi with the Initial Coin Offering held before that. During ICO 100 million tokens (half of the total supply) were sold throughout multiple platforms across the world and $15 million was raised in funding. The BNB token price at the time of ICO was $0.10. 80 million tokens were reserved for the project team, including the CEO of Binance Changpeng Zhao. And 10% remaining were split among angel investors.
Initially, the Binance token was an ERC-20 asset on Ethereum, but later the project team released its own blockchain. Unlike ERC-20 assets that follow the Proof-of-Stake consensus mechanism, BNB tokens don’t support smart contracts functionality.
From the time of launch, the project grew to become the leading crypto exchange in many countries. It also expanded its vision and infrastructure, spreading its services among many other spheres.
Binance token is a native cryptocurrency of the ecosystem that powers it and allows the functioning of many elements of the ecosystem. Currently, it is one of the most popular utility tokens in the world. It can be traded just like any other token but also used for other applications and use cases, for example settling the transactions on the Binance Smart Chain or participating in exclusive token sales, and so on. BNB token is now the fifth biggest crypto asset in the world.
In 2021 Binance experienced an increased interest from the investors that caused the significant price growth. Even now, while the crypto market is down, Binance stays stable and accumulates the price. BNB was also upgraded since the launch to become even more deflationary. For instance, thanks to the BEP-95 proposal the gas fees on the network were reduced. Moreover, part of the fees is being constantly burned for the further decentralization of the system. To reduce the BNB token supply by half the quarterly burns are organized.
The best way to buy BNB tokens is to acquire them from the Binance exchange which supports a big number of trading pairs for BNB. Other than that BNB token is available on most of the major exchanges, for example FTX, Kraken, Coinbase, etc.
A Simple Way To Exchange Binance Coin Here At SwapSpace
Choose a pair
Choose the cryptocurrencies you would like to exchange among more than 1100 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Select the best rate
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: firstname.lastname@example.org.