BNB, formerly known Binance Coin was initially created on Ethereum Blockchain with ERC20 standards as a utility coin of Binance trading platform in 2017. Now BNB has its own blockchain called Binance Smart Chain. BNB is the fourth biggest market cap cryptocurrency and is widely used in many areas because of its low transaction fees and speed.
With a total market cap of over $53.5 billion, BNB is the No. 4 cryptocurrency by market size. The currency symbol for BNB is BNB and it was launched in July 2017. BNB is the token issued by the Binance platform. There will only ever be 200 million BNB tokens issued. So far 157 million tokens (78.9% of the total supply) have been issued.
We found savings accounts offering up to 120% APY on BNB deposits and loans as low as 4.5% APR against BNB used as collateral. Check out our BNB staking yields table and BNB loan rates table for further details.
The technical price analysis for BNB below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of BNB.
AYes BNB is based on a centralised exchange. Centalised means that there is a legal entity acting as a middleman in the transaction.
QWhat ecosystem is BNB part of?
ABNB is part of the Bnb Chain ecosystem.
QIs it possible to stake BNB to generate passive income?
AYes, staking is available for BNB on a number of platforms. For a full list of BNB staking yields see our list of BNB staking yields.
QHow much can I earn staking BNB?
AYou can earn up to 120% APY by staking your BNB tokens. Check out our BNB staking yields table for further details.
QWhere is the best place to stake BNB?
ARight now the best staking rates are on Beefy Finance with an income rate of up to 120% APY.
QIs it a good time to buy BNB?
AYou can check the technical indicators for BNB on the BNB Price Trend tab. These indicators are based on the analysis of multiple trading signals for BNB.
QWhere is the best place to buy BNB?
AYou can find the cheapest exchange on which to buy BNB on the BNB Buy tab.
QWhich crypto wallets support BNB?
AYou can check which wallets support BNB on the BNB Wallets tab.
QCan you get a BNB loan without collateral?
AAlmost all BNB loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is BNB flash loans which allow you to borrow uncollateralised BNB for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all BNB loans on the BNB Loans tab.
QWhich venture capital firms have invested in BNB?
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