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Buy Binance coin with Credit Card – Fast, Secure, and Simple
Looking to buy USDC instantly? With Atomic Wallet, you can purchase USDC and over 200+ cryptocurrencies using your credit or debit card in just a few minutes. Enjoy seamless transactions, top-tier security, and full control over your USDC—all from one trusted platform.
Why Buy Binance coin (BNB) with Atomic Wallet?
- Instant Purchases: Start with as little as $20 and buy up to $20,000 of BNB daily.
- Multiple Currencies Supported: Pay with USD, EUR, GBP, CAD, AUD, JPY, and more.
- Secure Binance coin Wallet: Store, manage, and exchange your BNB in a free, non-custodial wallet.
- User-Friendly Experience: Perfect for beginners and seasoned crypto enthusiasts alike.
- No Hidden Fees: Transparent pricing for every transaction.
What is Binance coin (BNB)?
Understanding the origins of Binance Coin (BNB) provides keen insights into its significance in the cryptocurrency landscape.
Binance Coin Launch
Binance Coin was launched by Binance, the largest cryptocurrency exchange globally, as of January 2018. BNB serves multiple purposes, including trading and paying fees on the Binance platform, which facilitates over 1.4 million transactions per second. This remarkable transaction capacity positions Binance Coin as a key asset within the crypto ecosystem.
ICO Details
BNB tokens were distributed through an initial coin offering (ICO) in July 2017. During this event, all available 100 million BNB tokens were sold at a price of 15 cents per token. The ICO was a significant success, raising a total of US$15 million in Bitcoin and Ethereum. Below is a summary table of the ICO details.
Detail | Information |
|---|---|
ICO Date | July 2017 |
Tokens Available | 100 million BNB |
Price per Token | $0.15 |
Total Raised | $15 million |
Investors and traders recognize BNB not only as a utility token for the Binance exchange but also as a valuable asset that continues to evolve within the broader cryptocurrency market.
BNB Tokenomics
Understanding the tokenomics of Binance Coin (BNB) is crucial for investors, traders, and crypto enthusiasts. This section covers the burning mechanism and the supply and circulation of BNB, shedding light on its economic dynamics.
Burning Mechanism
BNB employs a coin-burning mechanism designed to sustain its value and establish a deflationary effect. Every quarter, Binance utilizes 20% of its profits to buy back and burn BNB tokens. This process ensures that the supply of Binance Coin remains finite, enhancing its scarcity and potentially increasing its value over time. The exchange targets the destruction of up to 100 million BNB tokens, representing 50% of its initial circulating supply.
Here’s a summary of the BNB coin burn events:
Burn Event Number | Tokens Burned | Total Supply After Burn |
|---|---|---|
1 | 1,000,000 | 199,000,000 |
2 | 1,100,000 | 197,900,000 |
3 | 1,300,000 | 196,600,000 |
… | … | … |
20 | 3,000,000 | 160,000,000 |
Supply and Circulation
BNB began with a total supply of 200 million tokens. Following multiple burn events, the current circulating supply stands at approximately 142,475,190 coins. This reduction in supply due to the burning mechanism has contributed to BNB's value, supporting the idea of scarcity in digital assets.
The tokenomics of BNB make it an attractive option for investors interested in cryptocurrencies. Not only does it provide utility within the Binance ecosystem, but the deflationary model also plays a significant role in its value proposition. Understanding the full scope of BNB tokenomics is essential for those looking to dive deeper into the world of cryptocurrency.
BNB Ecosystem
The BNB ecosystem encompasses the various integrations and functionalities of Binance Coin (BNB) within the Binance platform and beyond. Understanding how BNB is utilized helps investors, traders, and crypto enthusiasts grasp its significance within the crypto market.
Integration with Binance
BNB, also known as Binance Coin, was established in July 2017 by Binance, the largest cryptocurrency exchange globally. It was introduced to facilitate transactions within the Binance platform, providing benefits to users such as reduced trading fees and access to exclusive features. The integration of BNB into the Binance ecosystem has enhanced its utility, allowing it to serve as a payment method for trading commissions and transaction fees.
Users holding BNB can enjoy various advantages, including:
- Discounted Fees: Traders receive a fee discount on transactions when using BNB to pay.
- Participation in Token Sales: BNB can be used to participate in token sales hosted on Binance Launchpad.
- Payment Options: Certain merchants accept BNB for payment, enhancing its usability in the real world.
Blockchain Transition
Initially, Binance Coin (BNB) started as an ERC-20 token on the Ethereum blockchain. However, due to the need for increased efficiency and independence, it transitioned to its own blockchain, known as the Binance Chain. This transition has several important implications:
- Enhanced Performance: The Binance Chain utilizes the Tendermint Byzantine-Fault-Tolerant (BFT) consensus mechanism, offering improved transaction speeds and security compared to the proof-of-stake (PoS) consensus used by ERC-20 tokens.
- Native Token Utility: With the transition, BNB is now natively issued on the Binance Chain, allowing for seamless interactions and reduced reliance on Ethereum.
- Ecosystem Growth: The evolution to Binance Chain has enabled the development of decentralized applications (dApps) and various DeFi projects, expanding the overall ecosystem.
Investors interested in BNB can explore its growing ecosystem along with related cryptocurrencies, such as: bitcoin cash, usdc, litecoin, tron, hedera, pepe, kaspa, dash, uniswap, stellar, avalanche, polkadot, and polygon. This knowledge can enhance their understanding of the cryptocurrency landscape and investment opportunities.
How to buy Binance coin (BNB)?
There are two options for purchasing Binance coin (BNB):
- Purchase Binance coin (BNB) directly on the Atomic Wallet website.
- Download and install Atomic Wallet on your device (desktop or mobile), then navigate to the 'Buy Crypto' page.
If you encounter any difficulties with any of the steps, feel free to contact our customer support by filling out this form.
