The Binance Coin price has struggled in the past few trading sessions. BNB is trading at $502, which is 25%...
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
Binance Coin loses 6% in Sunday trading over continued regulatory fears connected to Binance Exchange’s recent equity-linked listings. Not content...
Binance Coin (BNBUSD) has bounced back 18% from last week’s sell-off as confidence returns to the crypto markets. The Binance...
Binance Coin continues to hold a lot of promise of the various altcoins listed in the cryptocurrency market. Recently, the...
The Binance Coin price is paring back some of the losses it made in the overnight session. BNB is trading...
The Binance Coin price is not looking good. BNB is trading at $432, which is more than 37% below its...
The woes keep piling up for Binance coin price. BNB is down -10% in Sunday trading and -55% in the...
The Binance Coin price is attempting to crawl back after crashing by almost 10% in the overnight session. BNB is...
The recovery in the Binance coin price has fallen short at a key level. Momentum has now turned lower, and...
The BNB/USDT pair is up 6.12% on the day, with Binance coin looking good to end the day on a...