BNB was launched in 2017 by Binance, founded by Changpeng Zhao (CZ), as an ERC-20 token before migrating to Binance Chain.

What is Binance Smart Chain (BSC)?

BSC is a blockchain developed by Binance for running smart contracts and decentralized apps with low fees and fast confirmation times.

Binance regularly burns (destroys) a portion of BNB supply to reduce total circulation and increase scarcity.

Can I buy or stake BNB on Mintarex?

Yes, you can trade BNB/USDT pairs or stake BNB directly on Mintarex with flexible lock periods and competitive rewards.

What Is Binance Coin (BNB)?

Q: What is Binance Coin (BNB)?

BNB is the native cryptocurrency of the Binance ecosystem, used for trading fee discounts, staking, and powering Binance Smart Chain transactions.

Learn how Binance Coin powers the world’s largest crypto ecosystem from trading and staking to DeFi and NFT innovation. Explore BNB’s purpose and trade it securely on Mintarex.

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The Story Behind Binance Coin

Launched in 2017 by Binance, BNB began as a utility token for exchange fee discounts. Over time, it evolved into the backbone of the Binance Smart Chain (BSC) a blockchain enabling smart contracts, DeFi, and global payments.

Today, BNB fuels thousands of decentralized applications while maintaining strong demand through regular quarterly token burns that reduce supply and increase value over time.

With real-world adoption and interoperability across chains, BNB continues to power the next generation of decentralized ecosystems.

How Binance Coin Works

Utility Token

BNB provides trading fee discounts on Binance, access to token sales, and serves as gas on Binance Smart Chain.

Binance Smart Chain

BSC enables high-speed, low-fee transactions and supports DeFi apps, NFTs, and cross-chain interoperability.

BNB Burns

Binance removes a portion of BNB from circulation quarterly to create deflationary pressure and sustain long-term value.

Staking & Governance

BNB holders can stake tokens to earn rewards and participate in network decisions across Binance Chain and BSC.

Why BNB Matters

BNB represents the integration of exchange utility and blockchain infrastructure connecting centralized and decentralized worlds seamlessly.

Mass Adoption

BNB is among the most used crypto assets globally, fueling millions of transactions daily across Binance’s ecosystem.

Low Fees

BNB’s native use on Binance Smart Chain ensures fast confirmations with transaction costs below a cent.

DeFi Growth

BNB powers hundreds of DeFi and NFT projects bridging developers, users, and investors in one ecosystem.

Cross-Chain Utility

BNB operates across multiple chains and wallets, supporting interoperability in the Web3 economy.

How to Buy & Trade BNB on Mintarex

Mintarex makes trading BNB effortless. Create your account, complete quick KYC, and fund your wallet securely. Access high-liquidity BNB/USDT markets, deep analytics, and institutional-grade execution.

All assets are safeguarded by multi-signature cold storage and advanced encryption, ensuring maximum security for all users.

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Frequently Asked Questions

What is Binance Coin?

BNB is a multi-utility token that powers the Binance exchange, Binance Chain, and Binance Smart Chain networks.

What is BNB used for?

BNB is used to pay trading fees, stake for rewards, participate in token launches, and as gas for smart contracts.

Is BNB deflationary?

Yes. Binance conducts quarterly token burns to permanently reduce total BNB supply, increasing scarcity.

Can I stake BNB on Mintarex?

Yes, Mintarex allows flexible BNB staking options with transparent returns and secure custody.

Is BNB safe to trade?

Absolutely. Mintarex employs institutional-grade security and real-time monitoring to protect every trade.