The Binance Coin price has shrugged off news that the UK financial watchdog has banned the crypto exchange. BNB is...
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 continues to show resilience to the latest threats to its business, coming from the UK banking sector. Just...
Has the Binance Coin price prediction changed for the better? Not at the moment, after more negative headlines continue to...
The price action on the BNB/USD charts is defying all Binance Coin price predictions, as the token continues to stay...
The technical picture for a bullish Binance coin price prediction got a fundamental push today after Coindesk reported that the...
The ascending triangle’s breakout move on the Binance Coin chart has been truncated by the latest in the regulatory saga...
The Binance Coin price has held steady even as the controversy surrounding Binance continues. The BNB price is trading at...
The latest warnings by the Italian and Hong Kong’s regulatory authorities about Binance’s operations in their countries has hit the...
Binance exchange has just performed yet another quarterly token burn, dispensing with $400 million worth of tokens. However, this did...
The Binance Coin price is attempting to bounce back. BNB rose from this week’s low of $253 to the current...