What Is BNB (Binance Coin)? Complete Guide
Everything you need to know about BNB — Binance's native token. Use cases, tokenomics, fee discounts, and investment thesis.
BNB Overview
BNB (originally Binance Coin) is the native cryptocurrency of the Binance ecosystem. It has multiple use cases both on and off the exchange.
Key BNB Use Cases
1. Trading Fee Discounts
Pay Binance trading fees with BNB for 25% off. Combined with referral discount, you pay ~0.06%.
2. BNB Chain Gas Token
BNB is used to pay transaction fees on BNB Chain (formerly Binance Smart Chain) — one of the most popular blockchains for DeFi.
3. Binance Launchpad
Hold BNB to participate in new token sales on Binance Launchpad. These often provide significant returns.
4. Binance Earn
Stake BNB for yield through Binance Earn products.
5. Payments
BNB is accepted by various merchants and can be used with Binance Pay.
Tokenomics
| Metric | Value |
|---|---|
| Max supply | 200M BNB |
| Current supply | ~150M (decreasing) |
| Burn mechanism | Quarterly auto-burn |
| Target | Burn until 100M BNB remain |
BNB Auto-Burn
Binance burns BNB quarterly based on BNB Chain block production and BNB price. This reduces supply over time, which is potentially bullish for long-term value.
Should You Hold BNB?
For fee discounts: Yes, hold enough to cover your trading fees (small amount).
As an investment: BNB’s value is tied to Binance’s success. Consider:
- Binance is the #1 exchange by volume
- BNB Chain has a large DeFi ecosystem
- Regular supply burns reduce circulation
- But: regulatory risks affect Binance and BNB
How Much BNB to Hold
| Purpose | Amount |
|---|---|
| Fee discount only | $10-100 worth |
| VIP 1 qualification | 25 BNB |
| Launchpad participation | Varies by sale |
Verify Before You Sign Up — Don't Get Scammed
Many sites advertise fake referral discounts that don't actually apply. Before signing up through any referral link, always verify the referral code and discount rate shown on the Binance registration page. Here's proof of our verified referral:
- Referral Code: RATE20
- Trade Rebate: Up to 20% on every trade (lifetime)
- New User Bonus: Up to 19,800 USD
If the registration page does not show these benefits, do not proceed. Only sign up when you can confirm the referral code and discount are applied.
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