Exchange token
BNB (BNB)
BNBData: Coinbase · updated 9/6/2026, 1:02:40 PM
What BNB does
- Pays for gas fees on BNB Smart Chain, a smart-contract blockchain
- Has historically been used for trading fee discounts on the Binance exchange
- Used to participate in token launches on Binance Launchpad
- Supports a DeFi and dApp ecosystem built on BNB Chain
Risks to know
- Value and utility are closely tied to the fortunes and regulatory standing of the Binance ecosystem
- BNB Chain's validator set has drawn centralization criticism compared to more permissionless networks
- Has faced regulatory scrutiny in multiple jurisdictions tied to its exchange origins
- Token utility (fee discounts, launchpad access) can change if Binance alters its programs
Where to trade BNB
Top-rated exchanges by CompareCEX Score. Check the exchange's market list for BNB availability before depositing.
Frequently asked questions
Is BNB the same as Binance the exchange?
No, though they're closely linked. BNB is a cryptocurrency token that originated from Binance and now also functions as the native gas token of the separate BNB Chain blockchain, while Binance is the exchange company.
What can BNB be used for besides paying gas fees?
Historically, holding or using BNB has offered trading fee discounts on the Binance exchange and access to token sales on Binance Launchpad, in addition to paying gas fees on BNB Smart Chain.
Did BNB start on Ethereum?
Yes. BNB launched in 2017 as an ERC-20 token on Ethereum before later migrating to its own Binance Chain and, subsequently, BNB Smart Chain.
Related coins
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