The Binance Coin price has had some modest gains in the past five straight days as the overall cryptocurrency industry...
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
Bearish Binance Coin price predictions were strengthened today after Malaysia’s Securities Commission enforced a ban on Binance Holdings and three...
Bearish Binance coin price predictions were ramped up once more after HSBC became the latest bank in the UK to...
Monday was a good day for the crypto markets, with Binance Coin adding 4.02% as of writing. The resignation of...
The Binance Coin price has resumed the rally this morning and is higher by 3% to $397.36 and again knocking...
The Binance Coin price is rising even as the volume of coins traded in the Binance ecosystem declines. Also, the...
Despite the Binance coin price slipping under $500, significant support levels below the market suggest BNB will not come back...
A return of bearish Binance Coin price predictions could follow if today’s initial steep fall can receive a further push...
The Binance Coin price recovery hit an obstacle yesterday after reaching trend resistance, and today will decide if the bull...
This Thursday, the Binance Coin is down 1.14% after the exchange said it would drop its decentralized HQ operational model...