Binance Coin (BNB) July 2018 Price Predictions, Exchanges and Announcements

What is Binance Coin (BNB)?

Binance Coin (BNB) is the token coin of Binance cryptocurrency exchange.  The coin can be used for multiple purposes including exchange fees, listing fees, withdrawal fees and any other fees on the exchange.

Binance Coin (BNB): History

Changpeng Zhao (founder of BijieTech and OKChain), Yi He and Da Hongfei is the head of Binance. The company has a close working relationship with NEO cryptocurrency organization.
Binance Coin went live in an ICO (Initial Coin Offering) in 2017 mid-July.
Total 200 million Binance Coins will be created out of which only 100 million coins will remain in circulation after the buyback and destruction of coins.  The first quarter profit of Binance was about 7.5MM USD.

Recently, the CEO of Binance, Changpeng Zhao made some announcement concerning the buyback and burning of 986,000 BNB, which is over USD 1.5MM at current market value. This amount is equal to the 20 percent first-quarter profit of Binance.

 

How does Binance Coin (BNB) work? 

Once Binance coin is purchased, it can be used on the Binance cryptocurrency exchange for multiple purposes like exchange fees, listing fees, and withdrawal fees.
Once the Binance Coin is in the Binance account of the user, during every transaction, the user gets the option to use Binance Coin to pay the fees. You trade coin A for B, and the fee would be 1$, or You buy 1$ worth of BNB, then purchase coin A for B and use BNB for paying your fee. This indicates that you only use half of your bought BNB amount.

How to buy Binance Coin (BNB)?

First, the user needs to have Bitcoin or Ethernet. Then have to go to binance.com, deposit Ethereum or Bitcoin to your wallet, then there will be an exchange button at the top left. Choose if you would like to exchange BNB/BTC or BNB/ETH, then buy all the binance you want.

If the user hasn’t any Bitcoins, buy them at Coinbase and then send it to your BTC wallet at Binance.Then use the BTC to purchase Binance Coin (BNB).

Binance Coin (BNB) Price prediction 2018

Binance, as most people already know is one of the leading and the fastest growing cryptocurrency exchanges in the market. BNB can be a profitable investment option. Binance Coin price equal to 22.959 USD at 2018-01-12. If you buy Binance Coin for 100 dollars today, you will get a total of 4.356 BNB. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-06 is 47.019 US Dollars. With a 5-year investment, the revenue is expected to be around +104.8%. Your current $100 investment may be up to $204.8 in 2022. The price today of Binance Coin (BNB) is $22.76, and the market cap value is $2,253,776,471. It has a current supply of 99,014,000 BNB and the volume $518,217,000. Binance Coin (BNB) price today, Binance Coin (BNB) where to buy, Binance Coin (BNB) price chart, Binance Coin (BNB) history, Binance Coin (BNB) market cap, Binance Coin (BNB) exchanges, Binance Coin (BNB) mining, Binance Coin (BNB) mining software. 

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