Binance Coin (BNB) is a digital asset native to the Binance blockchain (Binance Chain) and launched by the Binance cryptocurrency exchange.
What is BNB?
Binance issued its own coin called the Binance Coin, with BNB as the symbol. BNB runs natively on Binance chain. The coin was established with a total supply of 200 million. Every quarter, Binance will destroy BNB based on the trading volume on Binance crypto-to-crypto platform until they destroy 50% of all the BNB. All transactions will be on the blockchain. Binance eventually will destroy 100 million BNB, leaving 100 million BNB remaining.
The BNB coin itself has multiple forms of utility, essentially being the underlying gas that powers the Binance Ecosystem.
In the future, Binance will build a decentralized exchange, where BNB will be used as one of the key base assets as well as gas to be spent.
How to trade BNB Tokens
Where can you Trade, Buy and Sell BNB Tokens
The beauty of the internet and internet currency is that you can trade the markets all the time 24/7 365 days of the year. Buying or Selling BNB is very easy and simple on the iceCUBED Exchange. Simply select the BNB/BTC trading pair to place your BUY and SELL orders.
How to store BNB Tokens
The best way to store Binance Coin, Bitcoin or Litecoin is by using a Hardware Wallet. This way, you and you only have control over your coins and they can not be hacked or scammed. Never store your coins on an exchange or web based wallet where you do not control the private keys. Only keep coins on an exchange that you intend to trade with, there is no reason not to.
How much does BNB Tokens Cost?
Trading BNB Tokens like a commodity is very much the same as trading gold, the difference being, BNB Tokens in this instance are like digital gold. Just like gold is traded on stock markets all over the world, Binance Coin (BNB) can also be traded on exchanges all over the world. The price at which BNB is trading, is purely down to supply and demand. We do not get involved in any trading (i.e. We do not sell or buy on the exchange). The local market price for BNB in South Africa is down to the users trading on the exchange.
Trade Binance BNB Tokens on the iCE3.com Exchange!
You may also like these trading related posts
Trading Bot How To on iCE3.comAug 17, 2020-Trading bot usage and strategies have always only been available to experienced traders and software developers. Thanks to this simple overview you can also benefit from using a trading bot to do your buying and selling for you - automagically! Traders who use high-frequency trading bots have 3 main strategies namely Market Making(single or across… read more...
CallPay Instant DepositsMay 11, 2020-iCE3 Exchange is leading the pack once again! We have now integrated an additional instant EFT payment gateway on our platform to give our users even more choice. Furthermore, this also brings additional resilience to our platform to complement our current deposit methods. Why Callpay? Unfortunately, we have had to increase the fees (from 0%… read more...
Repeat Orders (DCA)Apr 6, 2020-This is an investment strategy in which an investor divides up the total amount to be invested (buy or sell) across periodic purchases (daily or weekly) of a target asset in an effort to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the asset's price and at regular intervals;… read more...
Tether Token Trading in South AfricaFeb 28, 2020-The Tether token from Tether Ltd (Hong Kong) is the newest token listed on iCE3 Exchange. iCE3 is listing the Tether token as a result of its popularity and its rapid ascent in the Top Ten list of crypto coins. This list is based on coin market cap and has been the defacto standard when… read more...
BNB Token Trading on iCE3Feb 7, 2020-The BNB token from Binance is the newest token listed on iCE3 Exchange. iCE3 is listing the BNB token as a result of its popularity and its rapid ascent in the Top Ten list of crypto coins. This list is based on coin market cap and has been the defacto standard when evaluating the popularity… read more...