What is BNB — plain English
BNB is the token that powers the BNB Chain and is used for fees and apps across that ecosystem. It began as an exchange token for Binance. Its supply is reduced over time through regular coin burns, which can support the price if demand holds.
What makes BNB move
Activity on BNB Chain — DeFi, tokens and apps
Periodic BNB token burns that reduce supply
News and regulatory pressure affecting Binance
Fees and utility demand within the ecosystem
Broad crypto risk sentiment and Bitcoin's direction
Where to trade BNB
Regulated crypto exchanges in our database that list BNB, ranked by taker fee. Every registration is verified on the issuing regulator's public register.
Fees shown are the standard taker fee before volume discounts. Use our free exchange check tool to compare the full fee structure and confirm registration before you open an account.
Key things to know about BNB
| Factor | What it means |
|---|---|
| Supply | Declining via periodic burns |
| Consensus | Proof of Staked Authority |
| Trading hours | 24/7 — never closes |
| Use case | Fees and apps on BNB Chain |
| Mechanism | Regular coin burns reduce supply |
| Custody | Self-custody or exchange custody |
Cryptocurrencies are highly volatile and can lose value quickly. BNB can move sharply in a single day. Only trade or hold what you can afford to lose, and keep funds on registered, reputable exchanges or in self-custody.