BNB BNB

Binance Coin operates on the Binance Smart Chain (BSC). The BSC ecosystem includes several chains: BNB Smart Chain, BNB Beacon Chain, BNB Greenfield, and Open BNB. It uses Proof of Staked Authority (PoSA), combining Proof of Stake and Proof of Authority to secure the network and validate transactions. Validators, who stake BNB to participate, earn transaction fees rather than new tokens, keeping costs low. BSC operates fast (confirming transactions in 3 seconds) and low fees (around $0.10), while Binance burns BNB tokens to reduce the total supply. Additionally, BSC is fully compatible with Ethereum’s EVM, allowing developers to easily migrate projects and users to switch between both blockchains.

BNB is popular for paying transaction fees on the Binance exchange with discounts. It can also be used for staking, trading, investing, and paying for goods and services. Moreover, on BSC, it’s a good option for utilizing it for dApps, DeFi projects, and NFT platforms.

In terms of prices, Binance Coin’s all-time low is $0.0961, an all-time high is $1 375.33. Its price history reflects its evolution from 2017 ICO launch to becoming a key asset within the expanding Binance ecosystem, driven by its increasing utility and market sentiment. The coin’s journey is marked by fast initial growth, notable downfalls, and strong recoveries, mirroring the volatility and potential of the crypto market.

There are lots of platforms where you can purchase Binance Coin, including various decentralized (DEX) and centralized (CEX) exchanges. For example, you can easily buy BNB on the Cryptomus platform. The most convenient options are available here, including direct BNB purchase with debit or credit card in your personal account or utilizing the Cryptomus P2P exchange.

Buying BNB is even easier than it seems. There are two main ways to do it: on the exchange or directly from another person using P2P. You can easily do it on the Cryptomus platform by choosing "Receive" on your personal page. Select Binance Coin and fiat as the type of payment. Then, you need to fill in the amount you intend to pay in your preferred currency. The process is rather simple and transactions are fast so you can get your BNB with no problems. You can also buy it on P2P by selecting the most suitable sale offer.

To store your Binance Coin you’ll need to use a BNB wallet. There are many of them on the market, and choosing the right one for you is a very personal deal. You can securely store your BNB in the Cryptomus wallet since it offers the best conditions and a great variety of in-built financial tools for cryptocurrency management. The platform is AML-compliant and has reliable security measures like 2FA, PIN-code, and KYC. Also, there are both a web and an app version (for Android and iOs) of the wallet so you can manage your funds wherever and whenever you want.