BNB

    BNBbnb#4

    By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s

    $712.77

    +1.29% (24h)

    7d Change

    -3.47%

    30d Change

    -8.15%

    24h High

    $716.00

    24h Low

    $702.03

    Market Cap$93.74B
    24h Volume$1.15B
    Circulating Supply131.5M BNB
    Max Supply131.5M
    All-Time High$1,307.40
    ATH Change-45.48%

    Price Chart

    Trade BNB

    Open an account on Binance to start trading

    Open Account

    Affiliate disclosure: CoinHours may earn a commission if you sign up via this link, at no extra cost to you.

    About BNB

    BNB is the native asset of the BNB Chain ecosystem, originally launched by the Binance exchange in 2017. It is used for trading-fee discounts on Binance, gas on BNB Smart Chain, and a wide range of DeFi and on-chain applications. BNB benefits from quarterly token burns that gradually reduce supply, and it consistently ranks among the largest crypto assets by market capitalisation. Its tight integration with the world's largest crypto exchange is its most distinctive characteristic.

    Primary use case: Exchange utility, smart contracts, gas fees

    Understanding BNB Price Data

    The BNB price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.

    Market capitalisation for BNB is calculated by multiplying the current price by the circulating supply — the number of BNB units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.

    All-time high (ATH) figures reflect the peak USD price ever recorded for BNB on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.

    BNB for Australian Investors

    In Australia, the Australian Taxation Office (ATO) treats BNB and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding BNB for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.

    Australian investors typically buy BNB through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the BNB protocol in plain English.

    BNB FAQ

    What is BNB and how does it work?

    BNB is the native cryptocurrency of the BNB Chain ecosystem, created by Binance exchange. It serves multiple purposes including discounted trading fees on Binance, gas payments for BNB Smart Chain transactions, and utility within various DeFi applications. BNB operates on both BNB Smart Chain and BNB Beacon Chain networks.

    How does BNB's token burn mechanism work?

    Binance conducts quarterly token burns, permanently destroying BNB tokens based on trading volume and platform usage. This deflationary mechanism reduces the total supply over time, with Binance committed to burning tokens until only 100 million BNB remain from the original 200 million supply.

    What are the tax implications of BNB for Australian investors?

    The ATO treats BNB as property for tax purposes, meaning Capital Gains Tax applies when you sell, trade, or dispose of BNB. Australian investors must maintain detailed transaction records including dates, amounts, and AUD values, and report gains or losses in their tax returns.

    What risks should Australian investors consider with BNB?

    Key risks include BNB's dependence on Binance's regulatory standing globally, potential smart contract vulnerabilities on BNB Smart Chain, and its centralised governance structure. Regulatory challenges facing Binance could impact BNB's utility and demand, while competition from other blockchain platforms presents ongoing market risks.

    Can I use BNB for DeFi applications?

    Yes, BNB is widely used across the BNB Smart Chain ecosystem for DeFi applications including decentralised exchanges, lending protocols, yield farming, and NFT marketplaces. BNB serves as the gas token for all transactions on BNB Smart Chain, making it essential for interacting with these applications.

    Frequently Asked Questions

    How often is the BNB price updated?

    CoinHours pulls live BNB pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.

    Why does the BNB price differ between exchanges?

    Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.

    Is buying BNB legal in Australia?

    Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.

    What is market cap and why does it matter?

    Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.

    Should I store BNB on an exchange or in a wallet?

    Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.

    Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.