What is Binance Coin (BNB)? How to Buy?
Cryptocurrency
Binance Coin (BNB) is a digital asset developed to reduce transaction fees in the cryptocurrency world, provide advantages in investment products, and be used within a wide ecosystem. Launched in 2017, BNB quickly became one of the most recognized cryptocurrencies in the world. Initially operating on the
Ethereum network, BNB later migrated to its own blockchain, the BNB Smart Chain, expanding its ecosystem. Today, BNB coin has evolved beyond being just an in-exchange tool; it has become a comprehensive crypto asset used in decentralized applications, DeFi projects, and various financial transactions.
What is BNB Coin?
BNB Coin is a cryptocurrency developed by Binance and placed at the core of its ecosystem. Originally created to provide discounts on exchange transaction fees, BNB has since gained much broader use cases. Users can trade with BNB, participate in
blockchain
based projects, and use it as a means of payment for various financial products. Binance Coin has become a valuable tool for both investors and developers, and thanks to its strong trading volume and liquidity, it has become one of the most preferred crypto assets in the market.
What are BNB Coin (BNB) and BNB Smart Chain?
One of the most important steps in BNB Coin’s growth was the launch of its own blockchain, the BNB Smart Chain (BSC). BSC enables the development of decentralized applications with the advantages of low transaction fees and high speed. Today, many
DeFi projects, NFT marketplaces, and gaming applications operate on BNB Smart Chain. BNB coin serves as the native currency of this ecosystem, used to pay transaction fees, execute smart contracts, and ensure network security. Thus, BNB is not just cryptocurrency but the cornerstone of a broad ecosystem.
Who Founded BNB Coin?
BNB Coin was developed by Binance, one of the world’s largest cryptocurrency exchanges. Binance was founded in 2017 by Changpeng Zhao (commonly known as CZ) and his team. CZ is an entrepreneur recognized for his prior experience in financial software and blockchain. The creation of Binance Coin aimed to support the exchange’s growth and provide benefits to its users. Initially issued on the Ethereum network under the ERC-20 standard, BNB quickly evolved into a large ecosystem thanks to the vision of the Binance team. Today, Binance serves millions of users worldwide, with BNB coin at the center of its ecosystem.
What Makes BNB Coin (BNB) Special?
The most important factor that makes BNB coin special is the diversity of its use cases. Initially used only for trading fee discounts, BNB has now expanded across a much broader ecosystem. Decentralized applications, DeFi projects, and NFT platforms operating on BNB Smart Chain are supported by BNB coin. In addition, Binance regularly performs “
coin burns” to reduce circulating supply, which adds value to BNB’s economic model by creating scarcity. Offering developers a low-cost network and serving as both a payment and investment tool for users, BNB coin has become one of the strongest crypto assets in the market.
How to Buy BNB Coin (BNB)?
To purchase BNB Coin (Binance Coin), a reliable cryptocurrency exchange should be chosen. In Turkey, one of the platforms where users can easily trade is CoinTR. The process is quite simple:
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Register on CoinTR and complete your identity verification (KYC).
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Deposit Turkish Lira (TRY) into your account.
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Enter the amount you wish to buy and confirm the transaction.
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Once the transaction is completed, your BNB balance will be reflected in your CoinTR wallet.
With its user-friendly interface, low transaction fees, and strong security measures, CoinTR makes the BNB purchasing process fast and reliable. Users can easily buy Binance Coin both with the local currency Turkish Lira and through global trading pairs.
Where to Buy BNB Coin?
BNB is a popular digital asset traded on both global and local cryptocurrency exchanges. In Turkey, one of the trusted crypto platforms preferred by users is
CoinTR. CoinTR stands out with its low transaction fees, ease of use, and high security standards. This allows users to carry out BNB trading quickly and securely. In addition, you can easily track your balances, past transactions, and investments anytime through CoinTR.
What is the Total Supply of BNB Coin (BNB)?
The total supply of BNB coin is limited to 200 million units. However, with the “coin burn” mechanism implemented in the Binance ecosystem, the circulating supply is reduced over time. These quarterly burn events are based on a portion of Binance’s trading revenue. The goal is to gradually reduce the maximum supply of BNB to 100 million units. This model strengthens BNB’s economic structure by creating a scarcity factor. For users, this means fewer coins in circulation over the long term. The regular reduction in supply is one of the key factors that makes BNB stand out in the
cryptocurrency market.
BNB Coin Comment
Opinions about BNB coin vary within the crypto community. Many users view BNB as a strong asset because Binance is one of the largest global exchanges and the ecosystem is vast. The fact that the coin is used not only for trading fee discounts but also in
DeFi,
NFT, and gaming projects is the main reason for positive reviews. On the other hand, some users believe its dependence on a centralized ecosystem could pose risks in the long term. Therefore, BNB coin reviews highlight its strong infrastructure and broad use cases, while also including criticisms regarding decentralization.
The Future of BNB Coin
The future of BNB coin is closely tied to the growth of the Binance ecosystem and developments on BNB Smart Chain. The rise of DeFi projects, NFT platforms, and decentralized applications continuously expands the use of BNB. The regular coin burn program supports its limited supply, adding to BNB’s value model. However, as with all cryptocurrencies, BNB is subject to high price
volatility. While precise predictions are not possible, its ecosystem support and strong infrastructure make BNB one of the standout projects in the long term.
FAQ
What is Binance Coin (BNB) used for?
BNB is used to pay discounted fees on Binance, as gas fees on BNB Smart Chain, and for transactions in DeFi and NFT projects.
Is BNB secure?
The security of BNB is supported by Binance’s strong infrastructure and the technical structure of BNB Smart Chain; however, like any crypto asset, it carries market risks.
What is BNB token burn and how does it work?
Binance regularly conducts BNB coin burns to reduce the circulating supply and aims to lower the total supply to 100 million.
What are the use cases of BNB?
BNB is actively used in staking, DeFi applications, NFT trading, payment transactions, and gaming ecosystems.
On which blockchains can BNB be used?
Initially launched on the Ethereum network, BNB is now actively used on Binance Chain and BNB Smart Chain.
What are the criticisms about BNB’s decentralization?
Some users argue that due to its dependence on the Binance ecosystem, BNB does not fully reflect decentralization.
What are BNB’s sources of revenue?
Binance allocates a portion of its trading fee revenue to the BNB ecosystem and supports the economic model through coin burns.
BNB vs Ethereum: What are the differences?
Ethereum has a much broader ecosystem and full decentralization; BNB offers integration with the Binance ecosystem, low-cost transactions, and high speed.
What is the total supply of BNB Coin?
BNB has a total supply of 200 million, with a coin burn mechanism reducing this number to 100 million.
How and where to buy BNB Coin?
Users can open an account on CoinTR, complete identity verification, and trade BNB via BNB/USDT or BNB/TRY pairs.
What is the future of BNB Coin?
The future of BNB is shaped by its burn mechanism and the development of projects on BNB Smart Chain.
2025-09-18Legal Notice
The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.
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