BNB (Binance Coin) is a decentralized cryptocurrency currently priced at 1 BNB ≈ $656.11 USD (with -0.99% change in the last 24 hours). Ranked #5 by market capitalization, BNB enables peer-to-peer transactions without reliance on traditional financial systems.
What Is BNB?
Originally launched in 2017 as Binance Coin through an ICO, BNB started as a utility token for discounted trading fees on Binance. It has since evolved into a multifaceted asset powering:
- BNB Chain: A high-speed blockchain supporting DeFi, smart contracts, and NFTs (migrated from Ethereum in 2019).
- Transaction Fee Payments: Reduced fees when using BNB on Binance.
- Token Sales: Participation in Binance Launchpad offerings.
- Supply Management: Binance burns BNB periodically to limit supply to 100 million (currently ~145.9 million in circulation).
👉 Learn more about BNB's ecosystem
How to Buy BNB on Nexo
Step-by-Step Guide
- Select BNB: Click "Buy" on your Nexo Dashboard.
- Enter Amount: Choose your investment amount and payment method (card/bank transfer).
- Confirm Purchase: Review details and complete the transaction.
Why Use Nexo?
- Instant Purchases: Buy BNB with cards or bank transfers.
- Competitive Rates: Aggregated pricing from top exchanges.
- Security: Institutional-grade custody.
- Earn Interest: Up to 8% APY on BNB holdings.
Maximizing Your BNB Holdings
| Feature | Benefit |
|---|---|
| Nexo Exchange | Swap assets for BNB with fixed pricing. |
| Credit Lines | Borrow at 2.9% APR without selling BNB. |
| Nexo Card | Spend in credit/debit mode + earn interest. |
| Free Transfers | Send BNB to other Nexo users at no cost. |
👉 Start growing your crypto portfolio today
FAQs About BNB
What is BNB Smart Chain?
A blockchain for DeFi and dApps, offering low fees and EVM compatibility.
Can I buy BNB with a card?
Yes, Nexo supports card purchases (Visa/Mastercard).
How does Nexo secure my BNB?
Through cold storage, insurance, and 24/7 monitoring.
When did BNB peak historically?
BNB’s all-time high was $686.31 (May 2021).
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Note: Prices fluctuate; always check real-time data before trading.