BNB, or Binance Coin, is a cryptocurrency created by Binance. Binance Coin (BNB) powers the Binance Ecosystem. As the native coin of Binance Chain, BNB has multiple use cases: fueling transactions on the Chain, paying for transaction fees on Binance Exchange, making in-store payments, and many more.
Where you can use BNB
- Pay trading fees – Receive a 25% discount on trading fees using BNB
- Pay travel expenses – Travel the world and pay with BNB at merchants in Australia
- Pay by credit card – Pay your Crypto.com credit card bill with BNB
- Stake and shift BNB via VAULT – Stake and shift BNB via Mithril’s VAULT wallet
- Buy virtual gifts – Buy virtual gifts on live video streaming platform
- Pay via XPOS – Purchase anything from stores that use the XPOS device by Pundi X
- Pay in BNB – Pay with BNB on DENT Apps
- Pay BNB in the pilot shop – Pay BNB for aircrafts in the pilot shop powered by Aeron
- Use BNB to make impact investments – Use BNB to make impact investments on Moeda platform globally
BNB Burning Mechanism
Binance plans to destroy BNB each quarter based on the trading volume on our exchange, until 50% of the total BNB supply (100 million BNB) is burned. All transactions will be recorded on the blockchain. Eventually, only 100 million BNB will remain in circulation.
