Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

The number of cryptocurrencies is increasing rapidly, and if you add tokens to them, you get more than one and a half thousand coins. Of course, not all altcoins have any growth prospects. To find assets that will grow in value, you need to study each coin separately, choosing from the TOP by capitalization and other parameters.

Binance Coin cryptocurrency - the course, forecast, mining and burning of coins. We made a detailed review of this coin, because it occupies the 16th place in the world ranking of cryptocurrencies and is included in the TOP 5 tokens by capitalization (now in 2nd place, after Tether). Altcoin information on the Internet is full, it has potential for growth.

Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

Binance coin and Binans Exchange

The company launched its own stock exchange in 2017. The Chinese were aiming to create a quality service for the exchange of crypto coins, where all the problems of existing analogues would be solved. They tried to make an ideal technical structure to overcome serious loads, reduce commission and increase safety.

They managed to realize the best exchange, and the first place in terms of turnover is the best confirmation. Before developing a new site, the work of all cryptocurrency exchanges was analyzed to find and eliminate the disadvantages. It is on Binans that most cryptocurrency transactions are made.

In the process of creating an exchange, an ICO was conducted, during which BNB tokens were sold. You will not believe when you find out how long it took to sell all the coins on display. In just 3 minutes, investors bought all the Altcoins, which brought the company $ 15 million, part of which was sent to the development of the exchange.

Why do we need a Binance coin?

Tokens developed on Ethereum belong to the ERC20. This is a significant advantage, because it improves the usability of the coin. For the initial sale, 200 million BNB were sold. Half is intended for trade, 10% were received by investors at the initial stage, the rest was left to the developers, which is not good (the possibility of centralizing the project remains).

The money received from ICO is still used to promote and modernize the exchange. What is the role of the BNB currency? With it, users can receive a 50% discount on the fee. There is a switch in your account that allows you to pay a commission from operations in a Binance coin:

Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

Given how actively trading is conducted through this exchange, the demand for coins is constantly increasing . If the developers simply introduced coins to pay the commission, no one would use them. And so you get a decent discount, though it decreases over time:

  • 1 year 50%
  • 2 year 25%
  • 3 year 12 5%
  • 4 years 5. 25%

The opportunity to save attracted a huge audience. The standard commission rate for Binans is lower than on other exchanges - 0. 1%, and at the expense of BNB it can be reduced even more. And there is also a loyalty program:

Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

According to it, exchange customers receive levels for a certain turnover every month. Even without a discount when paying a BNB commission, it can be reduced to 0. 015%. No other competitor has such conditions. This once again shows the advantage of Binans, and the value of the BNB depends on the success of the development of the exchange.

The Binance coin (BNB)

rate The cryptocurrency capitalization has exceeded one billion dollars, and at the moment the BNB rate is $ 10.6. A year ago, this coin cost only 10 cents, that is, it has risen in price by 100 times. Investors have earned a lot of money. Like many other altcoins, Binance Coin reached its maximum value in January 2018 (almost $ 25):

Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

Of course, such a sharp takeoff was provoked by increased interest to cryptocurrencies in general. But even after the correction, the indicator remains impressive. Just a month ago, BNB cost $ 15. Experts say that this is not the limit, the course will grow in the future, and with what it is connected, we will tell at the end of the article.

Why did the Binance coin be burned?

The White Paper project states that 20% of the company's profits will be used to buy out BNB coins for burning them. The total emission of 200 million coins, the developers will buy them from users until half remains - 100 million. It is held every quarter and at the moment tokens have been bought 2 times for the amounts of 986,000 BNB and 1,821,586 BNB.

Experts predict that the next buyout will be for a larger amount, which is not surprising, the profits of the organizers of the exchange have seriously increased. Why is all this done? The fewer coins left, the higher their value becomes. This is another tool to help the growth of the course. With every buyout of BNB, this is reflected in the chart.

Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

Mining Binance coin

Tokens are used to obtain a discount when conducting transactions on the exchange. The only way to get them is to buy.Mining BNB is not possible. At the moment, the company does not offer any other ways. You may be able to find the Binance coin taps, but for now the coin is not so spun. The only option to get BNB is to participate in promotions, all sorts of coin drawings often appear on the official website.

Wallet for Binance coin

As already mentioned, BNBs are running via Ethereum, so they can be stored on any Ethereum wallet that supports tokens. The most popular among them. Simple registration, user-friendly interface, the ability to track transaction history and other useful tools:

Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

The main disadvantage of the online wallet is key storage on the server. With the same success, BNB can be left on the internal account of the Binans stock exchange, it provides all the same functions to protect your account. Therefore, there is an alternative option - an extension for browsers (installed in Google Chrome) with which keys are stored on the computer:

Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

You can use any other Ether purses where tokens are supported. According to statistics, most of the BNB in ​​the user accounts is on the internal balances of the accounts of the exchange.

Where to buy and sell a Binance coin?

You can buy coins on the Binans exchange, where they are available in pairs with many other altcoins. If you are an investor and just want to invest in tokens, you will have to use exchangers or other exchanges after registration. Because Binance does not support Fiat money, recharge is possible only in cryptocurrency:

Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

Many cryptocurrencies and tokens are supported. It is better to deposit money in Bitcoin or USDT (the coin is pegged to the dollar). To do this, click the "Deposit" button in front of one of these options. The exchange will generate the address for you to receive funds:

Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

The easiest way to do this is through exchangers, and finding a profitable course will help. There you need to choose the money that you have and the cryptocurrency you want to receive to your account in the Bank:

Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

On the exchanger website, specify the address received through Banka and send rubles, dollars, hryvnia . Then you open a shopping center on the stock exchange and select a BNB, then look for a suitable currency pair, for example, with BTC:

Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

To complete a transaction, you need to submit an exchange application. They are held between real people, that is, in order to buy coins at a certain price, someone must sell them at the same price. Everything is simple, you enter your BNB price and quantity. The amount in BTC will be calculated immediately (in another currency you select):

Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

If it is difficult to determine the price, select the Market (market) order type. In this case, the cost is set average for the market. You can also review sell orders and select suitable offers:

Cryptocurrency Binance coin - course, forecast, prospects, mining and burning of coins

You will receive BNBs to your internal account, which can be left until better times or used to pay the commission. Tokens are so popular that they were even hooked up by competitors to Binans.

You can buy or sell a Binance coin on the following sites:

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It is interesting that some exchanges are fiatnye and offer to buy BNB for dollars. An additional way to purchase coins is to find private classifieds. The network is full of "money changers", ready to make a deal with almost any token.

Forecast and prospects Binance coin

You can write nothing about the success of the development of the Binans stock exchange, the numbers speak for themselves. The developers plan to create a multi-functional platform for decentralized exchange, Binance Chain for solving problems with scalability, a service for creating blockchain projects Binance Labs and an information portal Binance Info.

On all new projects, the Binance Coin token will be the fuel. Markets can enter on the stock exchange, the number of active users is growing rapidly, some of the coins are burned. The latest news about BNB also speaks of rapid development. Therefore, everything goes to the fact that the course of this coin will continue to grow.

Exchange is much better than its main competitors. Here you can find the most profitable orders, there are exclusive tokens, a profitable affiliate program, at the moment the transaction processing speed is up to 1,400,000 operations per second and all this is supported by an impeccable reputation that is not tainted by various hacks or lost funds.

Investments in a Binance coin look attractive, and the project is confidently gaining momentum. If something negative happens, then most likely it will affect the entire crypto market as a whole. There are no prerequisites for a fall in the BNB rate, on the contrary, investors are actively buying coins, because they are confident in their prospects.

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