BNB (Binance Coin) is a decentralized cryptocurrency ranking #5 by market cap, currently priced at $656.57 (0.68% change in 24h). Originally launched in 2017 as a utility token for Binance trading fees, BNB now powers a vast ecosystem including DeFi, smart contracts, and NFTs on BNB Chain—a high-speed, low-cost blockchain migrated from Ethereum in 2019.
BNB Key Features
- Circulating Supply: 145,887,575.79 BNB (with periodic burns to reduce inflation)
- Use Cases: Pay transaction fees, participate in Binance Launchpad sales, and make payments via Binance Pay
- Adoption: Widely integrated by businesses and DeFi platforms for payments, staking, and governance
How to Buy BNB on Nexo
- Select Asset: Click "Buy" on your Nexo Dashboard
- Enter Amount: Choose payment method (card/bank transfer)
- Confirm Purchase: Preview details and complete transaction
Maximize Your BNB Holdings
- Exchange: Swap assets for BNB at fixed rates
- Credit Line: Borrow at 2.9% APR without selling BNB
- Nexo Card: Earn interest on spendable balances
- Free Transfers: Send BNB to other Nexo users
Why Buy BNB With Nexo?
| Advantage | Benefit |
|---|---|
| Seamless Purchases | Card/bank transfers + crypto cashback |
| Competitive Rates | Aggregates top 10 exchange prices |
| Secure Infrastructure | Enterprise-grade stability |
| Earn Up to 8% Interest | Compounding returns on idle BNB |
FAQ: BNB Explained
What is BNB?
BNB is Binance's native cryptocurrency used for trading fee discounts, DeFi applications, and cross-platform payments.
Can I buy BNB with a card?
Yes! Nexo supports instant BNB purchases via credit/debit cards.
How does BNB Smart Chain work?
A parallel blockchain to BNB Chain enabling smart contracts and compatibility with Ethereum tools.
Nexo Ecosystem Tools
- Interest-earning accounts
- Tax reporting assistance
- Multi-asset management dashboard
Note: All links redirect to Nexo's secure platform for transactions.
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