BNB-GBP price

The Binance Coin (BNB) is the utility token of Binance, providing various benefits when using their platform. It is also the native cryptocurrency of their blockchain BNB Chain, which is used to pay transaction fees on the network.

Right now, 1 Binance Coin is worth £.

Right now, 1 pound sterling is equal to BNB.

The BNB Smart Chain (BSC) is an Ethereum-compatible blockchain launched in 2020 by Binance to kickstart its own ecosystem of decentralized finance (DeFi) apps. Originally called Binance Smart Chain, it was renamed in 2022 when it was merged with Binance Chain, Binance's previous attempt to launch a decentralized network that failed due a lack of scalability and compatibility with the Ethereum ecosystem.

Founded in China in July 2017 by Changpeng Zhao (CZ), Binance is today the largest centralized crypto trading platform in the world.

BEP-20 is the token standard on BNB Chain, which is based on Ethereum's ERC-20 standard.

BEP-20 is the token standard on BNB Chain, while BEP2 is the token standard on Binance Chain.

Binance Chain is the original blockchain developed by Binance. BNB Chain was later developed as an answer to Binance Chain's lack of compatibility with Ethereum, allowing this way to easily bring apps and funds from the Ethereum ecosystem.

The price of BNB refers to a global price that is calculated by making a volume-weighted average of its real-time price on many different exchange platforms where it is traded, such as Binance, Bybit, OKX, Coinbase, Kraken, etc.

You never store BNB in itself. Instead, you store the private key giving you access and control over a BNB address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send BNB, you use a BNB Chain wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy Binance Coin with us here from the UK by sending us GBP bank transfers, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy Binance Coin.

You can swap BNB with us by clicking here against one of the cryptocurrencies that we support, using any self-custodial Binance Coin wallet. For more information, have a look at our step-by-step tutorial on how to swap Binance Coin.

To cash out Binance Coin with us, you simply need to transfer your crypto to our address. We'll convert your BNB in GBP, then transfer the funds to your bank account in the UK. For more information, have a look at our step-by-step tutorial on how to sell Binance Coin.