BNB price and where to buy BNB

What is BNB?

BNB is the native coin of BNB Chain, a smart-contract network where it pays transaction fees, and it is the utility token of the Binance exchange, where holding or paying with BNB can reduce trading fees. That double role, network fuel and exchange discount token, is what sets it apart from most large coins.

BNB started with a supply of 200 million coins. Regular burns permanently remove coins from circulation, and the stated target is to bring the supply down to 100 million.

How to buy BNB, step by step

1. Pick an exchange. Every exchange we track lists BNB. Compare fees, funding options and whether it serves your country in our exchange reviews.
2. Create and verify your account. Regulated exchanges ask for identity documents before you can deposit fiat.
3. Fund the account. A bank transfer or a stablecoin deposit usually costs far less than a card payment.
4. Buy BNB. Use the BNB/USDT or BNB/USD market, and check the cheapest venue in the table above first.
5. Decide where to keep it. On the exchange is simplest, but the exchange then holds your coins. BNB lives on BNB Chain, so when you withdraw, pick the BNB Chain network your wallet expects; sending it on another network is the most common way withdrawals go wrong.

Where to buy BNB at the best price

The cheapest venue is the one marked cheapest in the table above, after its trading fee. Not every exchange lists every BNB market, so the table shows exactly which venues quote it in dollars or dollar stablecoins.

• The price on that venue. Each row shows the gap to our composite.
• The trading fee. Our fee comparison lists spot fees side by side.
• How you fund the account. A bank transfer or stablecoin deposit is usually far cheaper than a card payment.

Why the BNB price differs between exchanges

In our minute-by-minute measurement the gap between the highest and lowest venue averaged about 0.054 percent, roughly twice Bitcoin’s. Unlike XRP or Dogecoin, BNB’s gap rarely spiked: it went above half a percent in fewer than one minute in a thousand.

The reason shows in our volume data: about four fifths of the BNB spot volume we track trades on a single exchange. That concentration fits the pattern we measure: a steady, modest gap rather than sharp spikes. The spread figure at the top of this page is the live measurement, and our guide on why crypto prices differ between exchanges explains the mechanism.

What moves the BNB price

The wider crypto market first. In our hourly composite, BNB moved with Bitcoin at a correlation of about 0.73, where 1 would mean identical moves, and its moves were about as large as the size of Bitcoin’s.

BNB also depends on the fortunes of the exchange whose ecosystem it serves, on the burns that shrink its supply, and on leverage. The funding rates on this page show whether traders are paying to be long or short right now.

Pros and cons of BNB

Pros

• Fee discounts on the exchange it belongs to and fuel for BNB Chain.
• A shrinking supply through regular burns.
• A steady gap between exchanges: above half a percent in fewer than one minute per thousand in our measurement.

Cons

• Its value is closely tied to one company’s exchange and its regulatory standing.
• About four fifths of the BNB spot volume we track trades on a single exchange.
• Its average gap between exchanges is about twice Bitcoin’s.

How the BNB burn works

BNB is removed from supply in two ways. A scheduled burn destroys coins on a regular cycle, with the amount set by a published formula linked to price and network activity, and part of the fees paid on BNB Chain is burned as it is spent.

Burns reduce the number of coins in existence. They do not set the price, but they are the reason BNB’s supply is shrinking rather than growing.

The BNB to USD converter applies our live price to any amount.