Currently available in the United States; coming soon in 31 countries in Europe.

Currently available in the United States; coming soon in 31 countries in Europe.

Currently available in the United States; coming soon in 31 countries in Europe.

Binance Coin

Not currently supported on BlockCard; data on currently unsupported cryptocurrencies is included for your convenience.

Binance Coin (BNB) was founded in 2017 by Changpeng Zhao and Roger Wan and is the native coin of the Binance Chain. It was initially based on the Ethereum blockchain, until 2019 when Binance launched their chain. Similarly to Ether, BNB is used for all operations on Binance. BNB can be used to pay discounted trading fees on the Binance Exchange or to spend regularly like other cryptocurrencies.

Binance Coin has gained support through partnerships with high-end companies, like Asia’s live streaming platform, Uplive, which has a user base of over 20 million people and sells virtual merchandise for BNB currency.

To help maintain the value of BNB, Binance has a repurchase plan in place; it will use 20% of its profits to repurchase BNB coins every quarter, and “burn” them until 50% of their currency becomes repurchased. Through this process, there will only be 100 million BNB coins in circulation of the original 200 million, helping the crypto sustain a higher value.

The Binance Exchange is one of the fastest on the cryptocurrency market, handling around 1.4 million orders per second. Unlike many other crypto coins, BNB is not limited to peer-to-peer (P2P) payments; it is integral to the Binance ecosystem.

Unlike most cryptocurrencies, BNB cannot be mined. All 200 million coins were pre-mined during Binance’s initial offering.  Binance Coin is highly liquid, more so than many other currencies.

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