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Binance Coin

News

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Bitcoin Slips Below $70k as Market Slightly Retraces

Bitcoin has dropped below $70k after rallying by 5% earlier this week, with the broader crypto market undergoing a retracement.

 Hassan Maishera

Bitcoin Tops $71k as Altcoins Soar Higher

Bitcoin is trading above $71k once again after adding 6% to its value in the last 24 hours, with altcoins also rallying higher.

 Hassan Maishera

Pancakeswap Burns 9,007,896 CAKE Tokens this Week

The Pancakeswap team told its community via X on Monday that it has burned 9,007,896 CAKE tokens (worth $23 million) this week.

 Hassan Maishera

Trade

Find the exchange with the lowest fees, best methods for depositing or your geographical area and start trading Binance Coin

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프라임XBT (PrimeXBT)

N/A
4.31 based on 2437 votes

바이낸스 (Binance)

N/A
4.1 based on 2378 votes

페멕스 (Phemex)

N/A
4.03 based on 969 votes

Spend

Want to leave your cash at home? These cards support Binance Coin.

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Nexo Card

3.24 based on 352 votes

Embily Card

3.99 based on 129 votes

Hi.com Card

3.31 based on 26 votes

Shop

So you've made a little Binance Coin and now you want to spend it? These are the places to do it!

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BC.Game

4.6 based on 5 votes

Cryptoholic Shop

4.4 based on 5 votes

1xBit

4.36 based on 17 votes

Hodl

Find the wallet that suit your security, ease of use and anonymity needs for Binance Coin.

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Trezor Wallet

4.03 based on 165 votes

YouHodler

3.89 based on 44 votes

Ledger Nano X

3.83 based on 47 votes

Review

Learn more about Binance Coin.

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of Binance Coin.

Binance is one of the most well-known cryptocurrency-to-cryptocurrency exchanges. As of today, the exchange does not support any Fiat currency trading pairs or deposits. Therefore, Binance has issued its own token coin, called the Binance Coin (BNB). BNB can be used to pay for fees on the platform, such as trading. During the ICO, 50% of the BNB tokens were distributed to the public. 40% was kept by the founding team, and 10% was given to its angel investors. Each quarter, Binance will use 20% of their profits to buy back and burn BNB, until 100MM BNB are burned out of its total supply of 200MM.

Zhao Changpeng is a co-founder of Binance and the company’s CEO. Having immigrated to Vancouver, BC in the late 1980s with his family, Changpeng grew up poor and had to work in fast food restaurants and gas stations to support the family. He went on to study computer science in McGill University and worked at the Tokyo Stock Exchange and Bloomberg.

In 2005, Changpeng moved back to China to start his own company making high-frequency trading software for traders. Changpeng heard about Bitcoin from a venture capital friend in 2013, and in 2014, sold his house in Shanghai to go all in on Bitcoin. Changpeng joined Blockchain.info and later became OKCoin’s CTO. After leaving OKCoin, Changpeng launched Binance. In 6 months, he led the company to become the world’s number 1 cryptocurrency exchange (in terms of volume).

Binance announced in 2018 that it will be launching its decentralized exchange called Dexathon. The BNB tokens will pay for gas fees and Proof-of-Stake consensus.