BNB (Binance Coin) is the native cryptocurrency of the BNB Chain (formerly Binance Chain and Binance Smart Chain). Originally launched by the Binance exchange in 2017, BNB has grown into one of the most widely used coins in the crypto space.
What is BNB used for?
BNB has a wide range of use cases across the Binance ecosystem and beyond:
- Paying for trading fees on the Binance exchange (with discounts)
- Gas fees on BNB Smart Chain for DeFi and dApps
- Staking and earning rewards
- Token launches via Binance Launchpad
BNB has evolved from an exchange utility token into a core part of a broader blockchain ecosystem.
What makes BNB unique?
- Backed by one of the world’s largest crypto exchanges
- Low transaction fees and fast processing on BNB Smart Chain
- Quarterly token burns to reduce supply
- Used across hundreds of DeFi, NFT, and Web3 projects
BNB on Floin
Floin supports BNB on the BNB Smart Chain. You can store, send, and receive BNB securely – and use it for trading, gas fees, and other applications across the Binance-powered ecosystem.
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