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Binance-coin

BNB

Binance Coin

BNB

Live Binance Coin price in India

₹20,308.03

1.83%

Currency

Binance Coin Market Insights

Market Cap

₹0

Fully Diluted Market Cap

₹0

Volume 24H

₹0

Circulating Supply

0 BNB

Total Supply

0

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BNB to INR Converter

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BNB

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INR

1 Binance Coin equals to 20,308.03 INR

As of Invalid Date

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Things to know about Binance Coin

What is Binance Coin?

Binance Coin (BNB) is the native cryptocurrency of the Binance blockchain platform and Binance ecosystem. It serves as a utility token with multiple use cases within the Binance ecosystem and beyond.

Binance Coin was initially launched as an ERC-20 token on the Ethereum blockchain but has since transitioned to its own blockchain called the Binance Chain.

BNB plays a vital role in facilitating transactions, powering decentralized applications (DApps), participating in token sales, and accessing various services offered by Binance and its partners.

Things to consider before buying binance coin

Before buying BNB, you should know that Binance entities are facing a lawsuit by the US SEC as of 2023.

Binance’s consensus mechanism is Proof-of-Staked Authority (PoSA), which incorporates elements from Proof of Stake and Proof of Authority.

Binance transactions are typically confirmed in seconds, according to the website.

Binance has a solid roadmap planned for the future.

Binance is constantly working on scaling the blockchain, like with the recent release of the opBNB in June 2023.

According to Coinmarketcap in July 2023, Binance’s total circulating supply is 153,854,727 BNB.

Reasons to buy binance coin

The binance coin provides lightning-fast transactions on the platform and holds potential for growth.

It can be used as trading fees on the binance coin exchange or for availing services on certain platforms.

It offers users discounts for usage in the binance coin platform.

Binance’s drive for development is its biggest advantage. The company started as just an exchange but expanded steadily into many spheres. The company seeks to become the infrastructure services provider for the entire blockchain ecosystem.

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Pratik Poddar

Pratik Poddar

Partner, Nexus Venture Partners

Was feeling a bit lost on what to do with the current market conditions but the conversation with Mudrex’s relationship manager was really helpful. Got some genuine, unselfish advice. Highly recommend giving them a call.

Rahul Arkram

Rahul Arkram

Partner, Nexus Venture Partners

Absolutely used to hate updating my crypto portfolio manually. This is a real need that Mudrex is addressing! Big ups👍💯

Frequently asked questions about buying binance coins in India

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Can I buy Binance coin with UPI?

How to Convert BNB to INR?

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