What is the difference between BNB Smart Chain and other blockchains?

BNB Smart Chain is a high-speed blockchain optimized for DeFi and NFTs, with 3-second block times and lower gas fees than Ethereum mainnet. It uses Proof of Authority consensus instead of Proof of Work.

Can I use BNB to pay for fees on the BNB Smart Chain?

Yes, BNB is the native token used to pay for all transaction fees on the BNB Smart Chain, similar to how ETH is used on Ethereum.

Is there a maximum supply for BNB?

BNB has no hard cap, but Binance burns 25% of quarterly profits to systematically reduce supply. The total supply decreases over time, which has increased BNB's scarcity.

What is the difference between BNB on BSC vs BNB on Ethereum?

BNB on BSC is the native token; BNB on Ethereum (ERC-20) is a wrapped version. BNB on BSC is used for gas fees on the BNB Smart Chain.

Can I stake BNB on the BNB Smart Chain?

Yes, you can participate in BNB Smart Chain validation through various staking pools or validators that receive staking rewards.

Home/Supported Coins/BNB

BNB

The Binance Ecosystem Token

Launch Year

2017

Consensus

Proof of Authority

Max Supply

Decreasing (currently ~168M BNB)

Block Time

~3 seconds

BNB

Price—

24h Change—

Market Cap—

Volume (24h)—

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BNB Price Chart

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About BNB

BNB is the native token of the BNB Smart Chain (formerly Binance Smart Chain) and the Binance exchange, making it one of the most used tokens in crypto. Originally launched as a Binance utility token in 2017 for trading fee discounts, BNB has evolved into a cornerstone of a sprawling blockchain ecosystem. BNB Smart Chain processes thousands of transactions per second with sub-second finality, making it ideal for DeFi, gaming, and NFT applications. With a decreasing max supply due to regular token burns, BNB continues to be used for transaction fees, governance, validator staking, and launchpad participation on the Binance platform.

History

2017

Binance launches BNB token with 200 million initial supply for trading fee discounts

2019

Binance launches Binance Chain, a blockchain native to the BNB token

2020

Binance Smart Chain launches with Ethereum compatibility and proof-of-authority consensus

2021

BNB becomes the third-largest cryptocurrency by market cap; BSC TVL reaches $200+ billion

2022

Binance Smart Chain is rebranded to BNB Smart Chain (BSC) to reflect broader vision

2024

BNB becomes the leading smart contract platform by transaction volume

How to Swap BNB

Swapping BNB on SyntheticSwap is ideal for accessing the BNB ecosystem or converting BNB into other cryptocurrencies. Connect your Web3 wallet (MetaMask, Trust Wallet, or Ledger), select BNB as your source, choose your destination asset (Bitcoin, Ethereum, Solana, or any of 1000+ supported cryptocurrencies), and confirm the floating exchange rate. Your BNB deposit will be converted instantly without KYC verification, and your destination asset will be sent directly to your wallet. SyntheticSwap never holds custody of your funds.

How to Store BNB

BNB can be stored in any Web3 wallet that supports the BNB Smart Chain. MetaMask is the most popular browser extension, while Trust Wallet, Ledger Live, and Crypto.com Wallet offer mobile solutions. To hold BNB safely, ensure you control your private keys — hardware wallets like Ledger Nano X offer the highest security for large amounts. Backup your seed phrase in a secure offline location. Remember that BNB stored on the Binance exchange is custodial, meaning Binance holds the private keys — for maximum security, store your BNB in your own wallet.

Popular Pairs

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