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Cryptocurrencies: 1586
Market Cap: $256,296,039,096
24h Vol: $13,326,762,117
BTC Dominance: 40.94%

Binance Coin (BNB)

Market Cap

$1,766,602,221 USD

Volume (24h)

$73,292,500 USD

4.9
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    Binance Coin Markets Rank: 4/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Binance Coin Volume Ratio Rank: 4/100

  • Market Cap

    The total cost of all coins available.

    Binance Coin Market Cap Rank: 99/100

  • 24h Change

    Is the price moving up or down?

    Binance Coin 24h Change Rank: 49/100

  • Social Following

    How many users are following this coin?

    Binance Coin Social Following Rank: 98/100

  • Google Trends

    How many users are searching for the coin?

    Binance Coin Google Trends Rank: 43/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Binance Coin Twitter Citation Rank: 76/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Binance Coin User Voting Rank: 97/100

Binance Coin investment analysis

Binance investment in one of the fastest growing crypto trading exchange and has dramatically changed how digital assets are being traded in the crypto world.

The project is a cryptocurrency trade ecosystem with its own coin – BNB, which is used also within the ecosystem as an exchange commodity between some crypto assets that are listed on its platform, there are benefits for using the currency on the network to perform trades.

The project was created by Changpeng Zhao a former co-founder of OKCoin, a huge cryptocurrency exchange in China and he was also a frontier developer in the blockchain.info platform, quite the experience with decentralized projects and wallet technology which brings a lot of resourcefulness to the development of Binance alongside a host of other developers on his team.

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current price
$15.49
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+58.5%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$24.55
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

22/819
by Safety
767/819
by Profit
historical data

How to buy Binance Coin?

To buy BNB you would have to visit their website and register, then from there, you can buy using BTC, ETH or any of the other trade pairs. You could also buy from Bancor; other than these two, there are currently no other exchanges that list the BNB, which makes it quite challenging for some people to get even though the asset is quite popular, making it a rare coin to buy on other exchange platforms.

However, Binance has over 50 market trades on its platform, trading against so many cryptocurrencies, and also against BTC, ETH, and USDT as trade pairs. Its value is a bit centralized and limited to its trading environment.

If you consider the exchange online wallet as too dangerous, you can choose to simply add it to your MEW wallet. Other safer alternatives would be to consider storing it offline on a Ledger Nano S or Trezor hardware wallets.

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Is it safe to invest in BNB now?

There are many advantages that this currency offers to its users, especially being a Chinese dominated market, it has the potential to rewards holders with more returns than could be expected from many other exchanges; since the Chinese crypto population is dominant in statistics.

Moreover, with partners and advisors like Roger Ver, Yang Linke, Da Hongfei, and Jun Du among others, you can’t miss investing in a project like this.

Invest in Binance as they have a systemic growth that is accounted for through their platform fees. Sadly, investing in this digital asset does not guarantee rapid fortune but a rather slow but steady low income generating opportunity which will lead to a more stable ROI in the future.

With their strategy to use 20% of their profits to burn BNB every quarter, no doubt that the asset is bound to appreciate in worth over time, as they continue to reduce the amount of the coin in circulation.

They also have the plans of becoming a decentralized exchange in the future which will confer on them so many benefits that are currently not revealed, and hence will moon in value.

It currently focuses on crypto to crypto deals, and so if you want to strictly become a ‘cryptonian’, there’s no better place to dump your alts and BTC and begin trading. Besides, there are a couple of benefits with having some BNB in your wallet, some of which will include discounts on fees and discounts on investments in ICO on the Binance platform using their currency.

Most people have considered it to be a useful asset that has more of trading values than investment. However, whatever you decide to do with it, – whether to use it as an investment vehicle or a trading base it has its rewards.

The support community is a very large one and continues to grow, currently, there are over 695,000 twitter followers and over 60,000 followers on Facebook.

The coin is well publicized and media is solid and reliably distributed. As an investor, it would not be hard to keep up with the project anytime.

The one opportunity investors will have with this project, is that it is still a growing market and a unique platform and has a scope that cannot be currently measured. But as people continue to learn about this cryptocurrency project, they will create more opportunity for it to expand its horizon.

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Ahyke 5/1/2018

Beyond its market cap, I think this coin has some promise to it, since they are a well know exchange which offers two options for cryptocurrency trading, namely basic and advanced, this also I think is the reason for its gradual rise in price. However, continuing growth greatly depends on the number of users on the platform. Also, trading on Binance is somehow difficult to those that don’t have knowledge on how exchanges work, because the interface is not so user friendly, and technically speaking, I see that as a major setback to the growth of the platform, as well as the coin. Another drawback to this platform, lies in the fact that, it has no fiat payment option. Though Binance has abundant partners and resources and is set to grow rapidly, over the next couple of years. I think the developers have a lot of trivial, yet necessary, work to do.