BITCOIN

₹61,98,534.61

1.253%

ETHEREUM

₹3,35,077.35

1.235%

TETHER USDT

₹89.46

0.042%

BNB

₹55,047.33

0.683%

SOLANA

₹15,862.97

0.605%

USDC

₹89.50

0.015%

XRP

₹47.15

1.847%

DOGECOIN

₹14.92

2.22%

CARDANO

₹43.30

2.221%

AVALANCHE

₹3,586.60

2.54%

SHIBA INU

₹0.002271

4.088%

WRAPPED BITCOIN

₹62,00,666.40

1.363%

POLKADOT

₹668.57

1.963%

TRON

₹10.73

3.028%

BITCOIN CASH

₹44,703.96

3.061%

CHAINLINK

₹1,464.99

2.395%

NEAR PROTOCOL

₹714.07

2.023%

POLYGON

₹64.79

0.792%

LITECOIN

₹7,676.01

2.861%

INTERNET COMPUTER

₹1,148.64

3.641%

BITCOIN

₹61,98,534.61

1.253%

ETHEREUM

₹3,35,077.35

1.235%

TETHER USDT

₹89.46

0.042%

BNB

₹55,047.33

0.683%

SOLANA

₹15,862.97

0.605%

USDC

₹89.50

0.015%

XRP

₹47.15

1.847%

DOGECOIN

₹14.92

2.22%

CARDANO

₹43.30

2.221%

AVALANCHE

₹3,586.60

2.54%

SHIBA INU

₹0.002271

4.088%

WRAPPED BITCOIN

₹62,00,666.40

1.363%

POLKADOT

₹668.57

1.963%

TRON

₹10.73

3.028%

BITCOIN CASH

₹44,703.96

3.061%

CHAINLINK

₹1,464.99

2.395%

NEAR PROTOCOL

₹714.07

2.023%

POLYGON

₹64.79

0.792%

LITECOIN

₹7,676.01

2.861%

INTERNET COMPUTER

₹1,148.64

3.641%

BITCOIN

₹61,98,534.61

1.253%

ETHEREUM

₹3,35,077.35

1.235%

TETHER USDT

₹89.46

0.042%

BNB

₹55,047.33

0.683%

SOLANA

₹15,862.97

0.605%

USDC

₹89.50

0.015%

XRP

₹47.15

1.847%

DOGECOIN

₹14.92

2.22%

CARDANO

₹43.30

2.221%

AVALANCHE

₹3,586.60

2.54%

SHIBA INU

₹0.002271

4.088%

WRAPPED BITCOIN

₹62,00,666.40

1.363%

POLKADOT

₹668.57

1.963%

TRON

₹10.73

3.028%

BITCOIN CASH

₹44,703.96

3.061%

CHAINLINK

₹1,464.99

2.395%

NEAR PROTOCOL

₹714.07

2.023%

POLYGON

₹64.79

0.792%

LITECOIN

₹7,676.01

2.861%

INTERNET COMPUTER

₹1,148.64

3.641%

BITCOIN

₹61,98,534.61

1.253%

ETHEREUM

₹3,35,077.35

1.235%

TETHER USDT

₹89.46

0.042%

BNB

₹55,047.33

0.683%

SOLANA

₹15,862.97

0.605%

USDC

₹89.50

0.015%

XRP

₹47.15

1.847%

DOGECOIN

₹14.92

2.22%

CARDANO

₹43.30

2.221%

AVALANCHE

₹3,586.60

2.54%

SHIBA INU

₹0.002271

4.088%

WRAPPED BITCOIN

₹62,00,666.40

1.363%

POLKADOT

₹668.57

1.963%

TRON

₹10.73

3.028%

BITCOIN CASH

₹44,703.96

3.061%

CHAINLINK

₹1,464.99

2.395%

NEAR PROTOCOL

₹714.07

2.023%

POLYGON

₹64.79

0.792%

LITECOIN

₹7,676.01

2.861%

INTERNET COMPUTER

₹1,148.64

3.641%

BITCOIN

₹61,98,534.61

1.253%

ETHEREUM

₹3,35,077.35

1.235%

TETHER USDT

₹89.46

0.042%

BNB

₹55,047.33

0.683%

SOLANA

₹15,862.97

0.605%

USDC

₹89.50

0.015%

XRP

₹47.15

1.847%

DOGECOIN

₹14.92

2.22%

CARDANO

₹43.30

2.221%

AVALANCHE

₹3,586.60

2.54%

SHIBA INU

₹0.002271

4.088%

WRAPPED BITCOIN

₹62,00,666.40

1.363%

POLKADOT

₹668.57

1.963%

TRON

₹10.73

3.028%

BITCOIN CASH

₹44,703.96

3.061%

CHAINLINK

₹1,464.99

2.395%

NEAR PROTOCOL

₹714.07

2.023%

POLYGON

₹64.79

0.792%

LITECOIN

₹7,676.01

2.861%

INTERNET COMPUTER

₹1,148.64

3.641%

BITCOIN

₹61,98,534.61

1.253%

ETHEREUM

₹3,35,077.35

1.235%

TETHER USDT

₹89.46

0.042%

BNB

₹55,047.33

0.683%

SOLANA

₹15,862.97

0.605%

USDC

₹89.50

0.015%

XRP

₹47.15

1.847%

DOGECOIN

₹14.92

2.22%

CARDANO

₹43.30

2.221%

AVALANCHE

₹3,586.60

2.54%

SHIBA INU

₹0.002271

4.088%

WRAPPED BITCOIN

₹62,00,666.40

1.363%

POLKADOT

₹668.57

1.963%

TRON

₹10.73

3.028%

BITCOIN CASH

₹44,703.96

3.061%

CHAINLINK

₹1,464.99

2.395%

NEAR PROTOCOL

₹714.07

2.023%

POLYGON

₹64.79

0.792%

LITECOIN

₹7,676.01

2.861%

INTERNET COMPUTER

₹1,148.64

3.641%

BITCOIN

₹61,98,534.61

1.253%

ETHEREUM

₹3,35,077.35

1.235%

TETHER USDT

₹89.46

0.042%

BNB

₹55,047.33

0.683%

SOLANA

₹15,862.97

0.605%

USDC

₹89.50

0.015%

XRP

₹47.15

1.847%

DOGECOIN

₹14.92

2.22%

CARDANO

₹43.30

2.221%

AVALANCHE

₹3,586.60

2.54%

SHIBA INU

₹0.002271

4.088%

WRAPPED BITCOIN

₹62,00,666.40

1.363%

POLKADOT

₹668.57

1.963%

TRON

₹10.73

3.028%

BITCOIN CASH

₹44,703.96

3.061%

CHAINLINK

₹1,464.99

2.395%

NEAR PROTOCOL

₹714.07

2.023%

POLYGON

₹64.79

0.792%

LITECOIN

₹7,676.01

2.861%

INTERNET COMPUTER

₹1,148.64

3.641%

BITCOIN

₹61,98,534.61

1.253%

ETHEREUM

₹3,35,077.35

1.235%

TETHER USDT

₹89.46

0.042%

BNB

₹55,047.33

0.683%

SOLANA

₹15,862.97

0.605%

USDC

₹89.50

0.015%

XRP

₹47.15

1.847%

DOGECOIN

₹14.92

2.22%

CARDANO

₹43.30

2.221%

AVALANCHE

₹3,586.60

2.54%

SHIBA INU

₹0.002271

4.088%

WRAPPED BITCOIN

₹62,00,666.40

1.363%

POLKADOT

₹668.57

1.963%

TRON

₹10.73

3.028%

BITCOIN CASH

₹44,703.96

3.061%

CHAINLINK

₹1,464.99

2.395%

NEAR PROTOCOL

₹714.07

2.023%

POLYGON

₹64.79

0.792%

LITECOIN

₹7,676.01

2.861%

INTERNET COMPUTER

₹1,148.64

3.641%

BITCOIN

₹61,98,534.61

1.253%

ETHEREUM

₹3,35,077.35

1.235%

TETHER USDT

₹89.46

0.042%

BNB

₹55,047.33

0.683%

SOLANA

₹15,862.97

0.605%

USDC

₹89.50

0.015%

XRP

₹47.15

1.847%

DOGECOIN

₹14.92

2.22%

CARDANO

₹43.30

2.221%

AVALANCHE

₹3,586.60

2.54%

SHIBA INU

₹0.002271

4.088%

WRAPPED BITCOIN

₹62,00,666.40

1.363%

POLKADOT

₹668.57

1.963%

TRON

₹10.73

3.028%

BITCOIN CASH

₹44,703.96

3.061%

CHAINLINK

₹1,464.99

2.395%

NEAR PROTOCOL

₹714.07

2.023%

POLYGON

₹64.79

0.792%

LITECOIN

₹7,676.01

2.861%

INTERNET COMPUTER

₹1,148.64

3.641%

BITCOIN

₹61,98,534.61

1.253%

ETHEREUM

₹3,35,077.35

1.235%

TETHER USDT

₹89.46

0.042%

BNB

₹55,047.33

0.683%

SOLANA

₹15,862.97

0.605%

USDC

₹89.50

0.015%

XRP

₹47.15

1.847%

DOGECOIN

₹14.92

2.22%

CARDANO

₹43.30

2.221%

AVALANCHE

₹3,586.60

2.54%

SHIBA INU

₹0.002271

4.088%

WRAPPED BITCOIN

₹62,00,666.40

1.363%

POLKADOT

₹668.57

1.963%

TRON

₹10.73

3.028%

BITCOIN CASH

₹44,703.96

3.061%

CHAINLINK

₹1,464.99

2.395%

NEAR PROTOCOL

₹714.07

2.023%

POLYGON

₹64.79

0.792%

LITECOIN

₹7,676.01

2.861%

INTERNET COMPUTER

₹1,148.64

3.641%

Home

/

Coins

/

Binance-coin

BNB

BNB

BNB

Watchlist

₹55,087.25

LIVE

24H Low ₹54,756.10

24H High ₹55,955.40

Price of BNB today

The current live price of BNB today is ₹55,087.25, with a 24-hour trading volume of ₹1,91,45,84,38,543.18. Our BNB to INR price is updated in real-time. BNB has seen a decrease of -0.60% in the last 24 hours. With a live market cap of ₹81,19,13,69,41,038.33 , the circulating supply is at 147,586,010 BNB coins, with a maximum supply of 147,586,010BNB coins.

BNB Price History

Date ComparisonAmount Change% Change
Today-₹393.80

0.71%

7 Days₹2,774.50

5.3%

30 Days₹966.60

1.79%

1 Year₹27,843.45

102.17%

BNB Price Information

Price Change (1hr)

0.84%

Price Change (24hr)

0.71%

Price Change (7d)

5.3%

BNB Market Stats

Market Cap

₹81,19,13,69,41,038.33

Fully Diluted Market Cap

₹81,19,13,69,41,038.33

24hr Volume

₹1,91,45,84,38,543.18

40.02%

Circulating Supply

147586009.83 BNB

Total Supply

147586009.83 BNB

Things to know about BNB

1. What is the Token?

  • Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the world’s largest cryptocurrency exchanges.

  • The token was initially launched as an ERC-20 token on the Ethereum blockchain in July 2017.

  • BNB has migrated to Binance’s own blockchain, the Binance Chain, serving as its native asset.

  • BNB supports the operations of the Binance ecosystem, offering utility in services such as transaction fee discounts and participation in token sales.

2. Tokenomics

  • BNB features a coin burn mechanism, periodically reducing its total supply to increase scarcity and value until 100 million tokens remain.

  • It is crucial within the Binance ecosystem that is used for transaction fees, staking, and other utilities.

Market Data

the price of BNB is ₹55,087.25 INR or 615.5 USD, with a 24-hour trading volume of 2139200430.65 USD. The market capitalisation for BNB is 90716613866.35USD. The circulating supply is 147586009.83 BNB, with the total supply also being 147586009.83 BNB.

4. Token Pros and Cons

Pros:

  • Binance Coin (BNB) offers reduced transaction fees on Binance, making it cost-effective for users.

  • It has versatile utility within the Binance ecosystem and extends its benefits beyond, catering to a wide range of services.

  • BNB features regular coin burns, a strategy aimed at potentially increasing its value over time by reducing the total supply.

Cons:

  • The coin raises centralisation concerns due to its close ties with Binance, which could pose risks associated with governance and control.

  • Its market value is heavily reliant on Binance’s performance, indicating that any downturn in the exchange’s operations could adversely affect BNB’s value.

  • Compared to other cryptocurrencies, BNB has limited use outside of the Binance platform, restricting its utility and adoption in the broader crypto market.

5. Why Should You Invest in the Coin?

  • Investing in BNB is a bet on the continued success and growth of Binance.

  • The coin burn mechanism and the range of utilities offer the potential for appreciation.

  • Investment decisions should consider individual risk tolerance and market research.

6. USP of the Coin

  • BNB’s unique selling proposition is its deep integration with the Binance ecosystem, providing benefits like discounted trading fees and exclusive token sale participation.

Problem the Coin is Solving

  • BNB serves as a utility token within the Binance ecosystem, streamlining and incentivi

  • s

  • ing the use of Binance’s services to make transactions more efficient and cost-effective.

8. Founder and Team Background

  • Launched by Binance, founded by Changpeng Zhao (CZ), who has a background in software development and trading systems.

  • CZ has led Binance to become one of the leading cryptocurrency exchanges globally.

ICO Price

  • BNB was launched through an Initial Coin Offering (ICO) in July 2017, with an issue price of approximately $0.15 per token, raising around $15 million.

Risks Associated in Investing in the Coin

  • Investing in BNB involves risks like market volatility, regulatory changes, and centrali

  • s

  • ation concerns due to its close ties to the Binance exchange.

  • Investors should conduct thorough research and consider these factors before investing.

11. Whitepaper Insights

The Binance Coin (BNB) whitepaper outlines the creation and utility of BNB within the Binance ecosystem. Initially launched as an ERC-20 token on the Ethereum blockchain, BNB’s primary purpose was to offer an efficient, secure, and versatile utility token for the Binance exchange users. The whitepaper details the tokenomics of BNB, including its initial total supply of 200 million tokens and the unique coin burn mechanism designed to reduce the total supply to 100 million tokens, thereby potentially increasing its value over time.

The whitepaper emphasises BNB’s role in reducing transaction fees for Binance users. By using BNB, traders can receive significant discounts on trading fees, which decrease on a tiered basis over five years. This incentive mechanism encourages the adoption and use of BNB within the Binance platform, increasing its utility and demand.

Furthermore, the document elaborates on the various uses of BNB beyond fee payment. These include its use in token sales hosted on the Binance Launchpad, where holding BNB can give users access to participate in exclusive token sales. BNB is also used for staking and governance on the Binance Chain, allowing holders to participate in decision-making processes and secure the network.

The whitepaper also discusses the strategic coin burns conducted by Binance, which are aimed at reducing the total supply of BNB. These burns are scheduled quarterly, based on the trading volume on the Binance exchange, and are intended to continue until half of the initial supply is destroyed. This mechanism is designed to align the interests of Binance and BNB holders, potentially increasing the scarcity and value of BNB over time.

In addition to its utility within the Binance ecosystem, the whitepaper highlights the broader applications of BNB across various platforms and industries. BNB can be used for payments, investments, and even charitable donations, showcasing its versatility as a cryptocurrency.

The Binance Coin whitepaper presents a comprehensive overview of BNB’s creation, purpose, and utility. It outlines a clear vision for BNB as not just a utility token for the Binance exchange but as a versatile cryptocurrency with wide-ranging applications. The strategic coin burn mechanism and the continuous development of new uses for BNB are key strategies aimed at increasing its value and utility in the long term.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

8950

0%

BNB to Converter

Quantity

BNB

BNB

Price

fiat

Price as per 12:18 AM • 23 May 2024

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Have a question not answered?

You can contact us at help@mudrex.com

What is the price of BNB (BNB)?

The current price of BNB (BNB) in INR is ₹55,087.25 INR.

What is the current BNB market cap?

The current market capitalization of BNB (BNB) is ₹81,19,13,69,41,038.33 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of BNB by the number of coins in circulation.

What is the current supply of BNB (BNB)?

The current supply of BNB (BNB) is 147586009.83 BNB. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of BNB (BNB)?

The 24-hour trading volume of BNB (BNB) in INR is ₹1,91,45,84,38,543.18. This figure represents the total value of all BNB transactions across various exchanges within the last 24 hours.

How to Buy BNB (BNB) in India?

To buy BNB (BNB) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in BNB.

Can I buy BNB (BNB) with UPI?

Yes, you can buy BNB (BNB) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert BNB (BNB) to Indian Rupee (INR)?

To convert BNB (BNB) to Indian Rupee (INR), you can use our BNB/INR conversion tool.

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