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Binance Coin

Binance coin is the native cryptocurrency associated with the Binance blockchain.
It trades with the BNB symbol. Changpeng Zhao founded it in July 2017.

Binance was designed as a utility token that offers discounted trading fees. Still, its use cases have since expanded to include other applications like financial services and travel bookings, among others.

Interestingly, Binance uses one-fifth of its profits each quarter to repurchase and then destroy or ‘burn’ coins held in its treasury to increase BNB’s scarcity and value. BNB is the fourth largest cryptocurrency by valuation as of August 2021.

Is BNB a good investment?

With a valuation of $51.08B, it’s good to look into investing in BNB, mainly because it is a top utility token with multiple advantages over other digital coins.

It is imperative to note that BNB is a high-risk, high reward type of investment, so do your research and proceed with caution if you want to invest in BNB.

How to trade BNB

To trade BNB, you need to open an online trading account, which you can easily do on the main page of the Binance platform, after which you should make a deposit to fund the account.
Once you have funded the account, you can find the BNB coin under the products page and buy it. You can then store your BNB on the Binance exchange or on an external wallet for better security. The platform charges a small withdrawal fee when withdrawing your BNB.

Binance latest news

Cryptocurrencies
·Aug 12, 2022, 13:09 BST

Binance Coin Price Prediction: Will BNB Hit $350?

Despite being associated with one of the largest cryptocurrency exchanges, the Binance Coin’s price has struggled throughout the year, and...
Read More
Cryptocurrencies
·Jul 27, 2022, 17:05 BST

Binance Coin Price Prediction Ahead of FOMC Decision

The BNB/USDT pair is trading higher by 3.21% on the day as the crypto market experiences slight gains ahead of...
Read More
Cryptocurrencies
·Jul 04, 2022, 10:34 BST

Binance Coin Price Prediction: Trade Setup Amid Industry Solvency Crisis

The BNB/USDT pair is trading 1% lower this Monday as the crypto market continues to endure negative sentiment that could...
Read More
Binance Coin price
Cryptocurrencies
·Jun 14, 2022, 13:24 BST

Binance Coin Price Prediction: Why Prices May Drop Below $200

Binance coin lost 12 per cent of its value in yesterday’s trading session. Today, the Binance coin continued with its...
Read More
Cryptocurrencies
·Jun 10, 2022, 13:46 BST

Binance Coin Price Predictions Turn Bearish on SEC Probe

Binance Coin price predictions are starting to turn bearish after the US Securities and Exchange Commission (SEC) said it was...
Read More
Cryptocurrencies
·Jun 02, 2022, 12:59 BST

Binance Coin Price Predictions: Bullish Momentum Looks Weak at 298.2

The intraday uptick on the BNB/USDT pair could provide hope to limit bearish Binance Coin price predictions. However, the low...
Read More
Cryptocurrencies
·May 27, 2022, 08:25 BST

Binance Coin Price Prediction: BNB Grisly Plunge to Accelerate

The Binance Coin price has formed extremely bearish patterns, signalling the sell-off. The BNB token is trading at $293, which...
Read More
Cryptocurrencies
·May 20, 2022, 08:09 BST

Binance Coin Price Prediction: BNB Preps to Retest $350

The Binance Coin price has moved into a price-discovery phase after it formed a long hammer pattern last week. After...
Read More
Cryptocurrencies
·Feb 22, 2022, 12:34 GMT

Binance NFT Announces Presale of Netmarble F&C NFTs

Binance NFT has announced the presale of Netmarble F&C NFTs on its marketplace. The presale will take place from 11...
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Cryptocurrencies
·Feb 15, 2022, 11:17 GMT

Binance Coin Price Prediction 2022, 2025 2030:Is BNB A Good Investment

In this article, we will look at the underlying Binance coin fundamentals. We will also look at Binance coin prediction...
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Financial market and cryptocurrency trading and investing carry a high degree of risk, and losses can exceed deposits. Ensure you fully understand the risks involved. Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. Read the “Risk Disclosure Statement” for further details.

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