Rank #4
BNB Price (BNB)


$307.93 0.9%
0.01132203 BTC -0.9%
On 634,930 watchlists
24H Range
Market Cap $48,586,049,235
Market Cap / FDV 0.79
24 Hour Trading Vol $437,968,715
Fully Diluted Valuation $61,545,625,415
Circulating Supply 157,886,280
Total Supply 157,900,174
Max Supply 200,000,000
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BNB Price Chart (BNB)

Last updated 01:55PM UTC. Currency in USD.
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BNB (BNB) price has increased today.

The price of BNB (BNB) is $307.93 today with a 24-hour trading volume of $437,968,715. This represents a 0.90% price increase in the last 24 hours and a -0.50% price decline in the past 7 days. With a circulating supply of 160 Million BNB, BNB is valued at a market cap of $48,586,049,235.

What is Binance Coin (BNB)?

Binance Coin (BNB) is an exchange-based token created and issued by the cryptocurrency exchange Binance. Initially created on the Ethereum blockchain as an ERC-20 token in July 2017, BNB was migrated over to Binance Chain in February 2019 and became the native coin of the Binance Chain.

Binance Coin has seen massive growth in interest throughout the years. Several rounds of token burn events have appreciated BNB price and pushed it up as one of the top-10 cryptocurrencies by market capitalization. BNB can be traded in over 300 trading pairs across 120 exchanges tracked. 

What is Binance?

Binance is the cryptocurrency exchange founded by Changpeng Zhao and He Yi in July 2017. Binance started with an Initial Coin Offering (ICO) and has since grown into one of the largest global cryptocurrency exchanges, both in terms of volume traded and market share by web traffic.

The Binance exchange is separated into the Spot market, Futures market, as well as the decentralized exchange, Binance DEX.

What can you use BNB for?

BNB was initially created as part of the Binance exchange through its ICO. In its whitepaper, Binance states that BNB was designed to be used to pay discounted fees on the Binance platform and also function as the native token powering the Binance Chain.

In addition to the initial use cases, BNB has added other cases both on and outside of the Binance platforms. Here’s an overview of BNB use cases:

  1. Reduced Trading Fees - When trading fees on Binance are paid using BNB, users are entitled to a 25% discount in fees.

  2. Binance Account Tier - Users with account balances in BNB and 30 days accumulated trading volume above certain thresholds are given VIP tiers with additional fee discounts and perks.

  3. Dust Conversion - Users can convert non-tradeable amounts of various cryptocurrencies called dust in their Binance account into BNB. 

  4. IEO Lottery - Binance’s Initial Exchange Offerings (IEO) are conducted using lottery allocations determined using the amount of BNB held by users. 

  5. Binance Chain Native Token - Much like how Ether (ETH) is used to pay for fees on the Ethereum Blockchain, BNB is used to pay for fees on the Binance Chain. BNB is needed to trade on the Binance DEX.

  6. Spent as Cryptocurrency - In addition to being used on Binance’s platforms, BNB can also be spent for payments in various ways, such as paying for travels, credit card fees, gifts and more. The full list is available here.

There may be more ways to use BNB that have not been covered here, but generally BNB can be used like any other cryptocurrencies to pay for goods and services as long as the merchant accepts it.

Binance Coin (BNB) Burn

Binance Coin (BNB) is designed with token burn in mind to induce scarcity and drive up the value of the token. In its v1.1 whitepaper (archived copy), Binance stated that 20% of Binance’s profits will be used to purchase BNB and subsequently destroyed in every quarter. In 2019, Binance updated its whitepaper to v1.2. In the updated whitepaper, it is stated that BNB burns will now be based on its exchanges’ trading volume.

Since Binance began burning BNB in Oct 2017, 10 rounds of token burns have taken place, with about 16.7 million BNB worth approximately $208 million burned up till January 2020.

Holding and Storing Binance Coin (BNB)

Binance Coin (BNB) is supported by various hardware and software wallet providers. The choice between hardware and software wallets is mostly a balancing act between convenience and security to the user. We’ll provide a quick rundown on them in this section.

Generally, hardware wallets (e.g. Ledger) are non-custodial wallets which keep private keys of a wallet offline and only the owner knows it. This is arguably the safest option for storage as the user has full ownership of the coins, but is likely the least convenient as it requires the user to operate additional hardware to spend/use the cryptocurrency. 

Non-custodial software wallets (e.g. Trust Wallet, Atomic Wallet) is the next option in terms of safety compared to hardware wallets, although they are likely more convenient. The private keys are also owned by the user, but since the wallet is kept on an online device (eg. the phone), there is a higher risk of losing the funds as hackers can access devices which are connected to the internet.

Lastly, arguably the most convenient yet risky storage method would be storing funds on custodial wallets (eg. on a centralized exchange such as Binance) as users do not own the private keys to the funds. A hack on the storage location can potentially cause users to lose their funds, much like what happened during the infamous 2014 Mt. Gox hack which recorded a massive loss of 850,000 BTC, most of which are customer funds.

Check out the full list of wallets which supports BNB on Binance’s own updated list here.

Are there any Binance Coin (BNB) Derivatives?

Yes, if you are looking to enter a long or short BNB position, both perpetual swaps and futures are available for BNB. Perpetual swap trading pairs are available across several platforms, including on Binance’s very own derivative exchange, Binance Futures with the BNBUSDT perpetual swap pair. For those who are looking for BNB futures trading, only FTX offers it at the moment.

Check out the full list of derivative products or derivative exchanges listed on CoinGecko.

Where can you buy BNB?

BNB tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade BNB is Binance, where the most active trading pair BNB/USDT has a trading volume of $54,092,504.70 in the last 24 hours. Other popular options include DigiFinex and Gate.io.

What is the daily trading volume of BNB (BNB)?

The trading volume of BNB (BNB) is $438,032,894.96 in the last 24 hours, representing a -6.80% decrease from one day ago and signalling a recent fall in market activity.

What is the all-time high for BNB (BNB)?

The highest price paid for BNB (BNB) is $686.31, which was recorded on May 10, 2021 (about 2 years). Comparatively, the current price is -55.10% lower than the all-time high price.

What is the all-time low for BNB (BNB)?

The lowest price paid for BNB (BNB) is $0.039817697188, which was recorded on Oct 19, 2017 (over 5 years). Comparatively, the current price is 773,361.70% higher than the all-time low price.

What is the market cap of BNB (BNB)?

Market capitalization of BNB (BNB) is $48,586,049,235 and is ranked #4 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of BNB tokens (160 Million tokens are tradable on the market today).

What is the fully diluted valuation of BNB (BNB)?

The fully diluted valuation (FDV) of BNB (BNB) is $61,545,625,415. This is a statistical representation of the maximum market cap, assuming the maximum number of 200 Million BNB tokens are in circulation today. Depending on how the emission schedule of BNB tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of BNB compare against its peers?

With a price decline of -0.50% in the last 7 days, BNB (BNB) is underperforming the global cryptocurrency market which is up 1.50%, while underperforming when compared to similar Layer 1 (L1) cryptocurrencies which are up 0.60%.

What is the market sentiment of BNB today?

The community is bullish as more than 68% of users are feeling good about BNB (BNB) today.

BNB Converter

1 BNB = $307.93

BNB Price Statistics

BNB Price $307.76
24h Low / 24h High $304.23 / $309.96
7d Low / 7d High $302.15 / $314.74
Trading Volume $438,032,895
Market Cap Rank #4
Market Cap $48,586,049,235
Market Cap Dominance 4.101%
Volume / Market Cap 0.009
All-Time High $686.31 -55.10%
May 10, 2021 (about 2 years)
All-Time Low $0.039817697188 773,361.70%
Oct 19, 2017 (over 5 years)

BNB Markets

Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Updated Trust Score
307.9 USDT
0.03% $2,692,531 $2,159,948
175711.312 BNB
Traded recently
307.7001 USDT
0.02% $2,679,539 $2,125,077
7191.676 BNB
Traded recently
307.87 USDT
0.04% $1,928,612 $2,575,921
6611.455 BNB
Traded recently
307.72 USDT
0.02% $2,203,320 $2,169,987
6424.279 BNB
Traded recently
0.01131899 BTC
0.02% $677,414 $1,645,154
2142.071 BNB
Traded recently
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours
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