BNB has gained popularity due to its utility within the Binance ecosystem, including fee discounts on the Binance exchange and participation in token sales. Binance's reputation as a leading cryptocurrency exchange, consistent performance, and strategic initiatives have contributed to BNB's growth.

Additionally, regular token burns and expansion into decentralized finance (DeFi) have further increased its appeal. The combination of practical use cases, market demand, and Binance's influence has made BNB a popular choice among traders and investors..

BNB is the Binance’s cryptocurrency, and users receive discounts when they use it to pay for transaction fees on the exchange. You can trade or exchange it on Swapzone to other digital assets like Ethereum, Litecoin, Bitcoin, and other 1600 cryptocurrencies.

BNB Exchange Rate

BNB by TradingView

What Is BNB?

Binance, established in July 2017, stands as the leading global cryptocurrency exchange in terms of daily trading volume. Its mission is to revolutionize the role of cryptocurrency exchanges in the financial landscape worldwide. The name "Binance" encapsulates this vision of a new financial paradigm—Binary Finance, or Binance.

Beyond its status as the largest exchange, Binance has created an extensive ecosystem of services for its users. This ecosystem encompasses Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and Research projects. Through the power of blockchain technology, these components work together to usher in a modern era of finance. Notably, BNB plays a vital role in the functioning of various sub-projects within the broader Binance ecosystem, contributing to its overall success.

History of BNB

BNB was launched by Binance in July 2017 as an ERC-20 token on the Ethereum blockchain. Initially, it served as the native cryptocurrency for the Binance exchange, offering fee discounts to users. In 2019, Binance introduced its own blockchain called Binance Chain, and BNB migrated from Ethereum to become the main asset on the new chain. BNB has since gained popularity, expanding its utility within the Binance ecosystem and beyond, with regular token burns and integration into various DeFi projects.

BNB’s progress can be separated into three market cycles—the first, second, and third market cycles.

  • First Market Cycle: The first market cycle of BNB (originally known as Binance Coin) can be traced back to November 17, 2017, when it started at a modest price of $0.50. Remarkably, within a mere 67 days, BNB skyrocketed to a unit price of slightly over $25 per token. This rapid ascent in value showcased the immense growth and market enthusiasm surrounding BNB during that period. It exemplifies the potential for substantial returns on investment and highlights the dynamic nature of cryptocurrency markets.
  • Second Market Cycle: Continuing its bullish trajectory, BNB reached a significant milestone by reaching its all-time high value of $39.59 on June 22nd, 2019. Remarkably, within a span of around 200 days from the previous date, the popular token experienced an impressive rally of 861% in the dynamic crypto market. This surge in value exemplified the strong market demand and investor confidence in BNB during that period. The substantial growth showcased the potential for significant returns and solidified BNB's position as a noteworthy player in the cryptocurrency landscape.
  • Third Market Cycle: As of writing, BNB has entered its third market cycle, and the coin's value stands impressively at $314.13, accompanied by a market capitalization of $46.96 billion. This robust performance demonstrates the continued growth and prominence of BNB in the cryptocurrency market. With its high market cap, BNB asserts itself as a significant player, attracting investor interest and cementing its position as a valuable asset within the broader crypto ecosystem. It will be exciting to observe how BNB further evolves and performs in this ongoing market cycle.

BNB Pros and Cons

BNB is an impressive cryptocurrency project that offers holders, investors, and traders several benefits. However, like other crypto projects, it has areas it could improve on. Here are its pros and cons.


  • It has low fees, and transactions are quite fast
  • The coin has a special burndown policy that helps maintain its scarcity and value
  • Experts consider it a great utility token for its use cases
  • Users get discounts on charged fees


  • The token’s progress is directly dependent on Binance Exchange’s reputation
  • No guarantee of stability since the coin has only 4 years of experience in the market
  • Crypto experts fear Chinese regulatory bodies can adversely affect the coin in the long-run.

How Does BNB Work?

As mentioned, Binance began as an ERC-20 token on the Ethereum blockchain before it went on to introduce its own blockchain. The coin is tradeable across several top crypto exchanges globally.

Being the native token on the BSC network, users of leading decentralized exchanges like Pankcake Swap use it to pay network fees. It’s fair to call it a utility token for most projects, and it can be used for a plethora of functions.

What is the BNB used for?

In addition to its blockchain functions, there are so many everyday use cases of BNB, and they include the following:

  • Trading Fee Discounts: BNB offers fee discounts when used to pay for trading fees on the Binance exchange. This incentivizes users to hold and utilize BNBs for their trading activities.
  • Participating in Token Sales: BNB provides opportunities for users to participate in token sales launched on Binance Launchpad. BNB can be used to purchase tokens during these limited-time offerings.
  • Binance Ecosystem: BNB has expanded its utility within the broader Binance ecosystem. It can be used for staking and earning rewards, participating in savings and lending products, and accessing various DeFi applications on the Binance Smart Chain.
  • Travel and Accommodation: Through partnerships with travel booking platforms, BNB can be used to book flights, hotels, and other travel-related services.
  • Payment Method:Some merchants and businesses accept BNB as a form of payment, allowing users to spend their BNB directly.
  • Gifting and Donations: BNB can be gifted or donated to individuals or organizations, providing a convenient way to support causes or send value to others.
  • Means of Investment: Some online investment platforms permit investors to commit BNB funds to ETFs, stocks, etc.
  • DApps and Games: BNB can be used within decentralized applications (dApps) and games built on the Binance Smart Chain, offering in-app purchases or access to premium features.

BNB Burning

Each quarter since 2017, Binance has spent one-fifth of its revenues/profits on buying and burning the coins held in its treasury. The exchange will keep burning tokens each quarter until it finishes re-buying and burning 100 million units or half of the original max supply.

BNB Token Performance

The performance of the BNB token has been remarkable. Since its launch in 2017, BNB has experienced significant growth in value. It reached all-time highs in various market cycles, reflecting increasing adoption and market demand. BNB's performance has been driven by factors such as the success of the Binance exchange, consistent development of the Binance ecosystem, regular token burns to maintain scarcity, and integration into decentralized finance (DeFi) projects. However, as with any investment, it's important to conduct thorough research and consider market conditions before making any decisions.

Binance Bonuses for BNB Holders

Holders of this asset get access to several bonuses that the Binance ecosystem offers, which include

  • Opportunities to qualify for the exchange’s VIP programs to save more.
  • 4% commission in bonuses through a referral program.
  • Save 25% on all margin and spot trading fees.
  • Save 10% on Future trading fees
  • Participate in Initial Exchange Offering to purchase and earn rewards
  • Apply for cryptocurrency loans
  • Earn rewards when staking through the BNB vault

Should You Buy BNB?

If you are interested in investing in cryptocurrencies, BNB is a good place to start for long-term investors willing to hold the token.

But if you’re after short-term investments and just looking to scalp, know that it and other crypto assets have high volatility, and you could lose your investments in hours or days.

How to Buy BNB?

It might be a good idea to exchange BNB, especially when you can exchange the cryptocurrency at the best rate.

On Swapzone, you can easily convert BNB through a wide range of instant cryptocurrency exchange providers listed, review these supported exchangers, their offers, and the exchange rates they pick.

  1. Go to
  2. Select BNB in the Send section.
  3. Enter the amount you wish to swap.
  4. Choose crypto to get in the Get Up To section.
  5. Review available offers and their providers.
  6. Select an offer to proceed.
  7. Enter your wallet address to receive crypto.
  8. Send your BNB deposit to a generated address.
  9. Rate your exchange provider.

Frequently asked questions

How to buy BNB?


With Swapzone, you can buy BNB easily with 1600+ cryptocurrencies, and offers from 15+ exchange providers.

Where to buy BNB?


BNB (Binance Coin) can be purchased from reputable cryptocurrency exchanges like Binance, Coinbase, Kraken, Huobi, and KuCoin. Another option is to use Swapzone, a platform that aggregates prices from multiple exchanges, allowing you to compare rates and find the best deal for buying BNB. Swapzone simplifies the process by providing a user-friendly interface and integrating with various exchanges, making it convenient for users to swap their cryptocurrencies for BNB quickly and securely.

Is BNB reliable?


BNB (Binance Coin) has shown reliability as a cryptocurrency. It is the native token of Binance, one of the largest and most reputable cryptocurrency exchanges globally. BNB has gained popularity due to its utility within the Binance ecosystem, offering benefits like reduced fees when trading on the Binance platform. Additionally, Binance has a strong track record of security and compliance measures. However, as with any investment, it's essential to conduct your own research and consider factors such as market volatility and personal risk tolerance before investing in BNB or any other cryptocurrency.

What is the meaning of BNB?


The BNB token has been redefined as "Build and Build." It functions as the primary cryptocurrency driving the BNB Chain ecosystem and serves as the native coin for both the BNB Beacon Chain and the BNB Smart Chain. Additionally, BNB acts as a governance token, playing a role in decision-making processes while also powering transactions on the BNB Chain, similar to the gas mechanism on Ethereum.

What is your BNB?


BNB, as the native token of the BNB Chain ecosystem, holds significant importance within the network. Specifically, it plays a vital role in both the BNB Smart Chain (BSC) and BNB Beacon Chain. In the BNB Smart Chain, BNB is utilized to cover transaction fees and actively participate in the consensus mechanism that drives the network's operations. This robust integration showcases the foundational value and utility that BNB offers within the BNB Chain ecosystem, making it an essential element for users and validators alike.

Why is BNB good?


Reduced fees: Binance provides users who pay with BNB with lower trading fees, leading to substantial long-term cost savings for traders. Additionally, Binance offers discounted withdrawal fees for BNB holders, presenting another avenue for economical transactions.

Why are people buying BNB?


BNB has witnessed growth in tandem with Binance's expansion. Users have the option to utilize BNB coins as a means of payment for transactions on the Binance Exchange. Historically, the BNB coin has functioned as a tool for reducing fees on the Binance crypto exchange, enabling users to enjoy lower fees by holding BNB and utilizing it to pay for platform fees.

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