Basics
What is BNB? Binance's coin and its risks
BNB is a coin created by the Binance exchange and used to pay fees on the BNB Chain network. Understand the benefits and risks of such a close tie to one company.
1 min read · Last reviewed: 15 October 2026
In brief
BNB was launched by the Binance exchange in 2017. It started as a token for discounts on trading fees and later became the native currency of BNB Chain, a network Binance built. Like Ethereum, it runs smart contracts, tokens and apps, usually with lower fees.
How it differs
| Bitcoin | BNB | |
|---|---|---|
| Created by | A pseudonymous founder, not a company | The Binance company |
| Control | Decentralised | Much more company influence |
| Main use | Digital money | Network fees, exchange benefits |
Risks
- Dependence on one company: Binance's legal or business problems feed straight into BNB's price. Binance has faced regulators' lawsuits and fines in the US and other countries.
- Fake tokens and apps: tokens are cheap to create on BNB Chain, so fake tokens and rug pulls are common.
- Legal status in Bangladesh: crypto transactions are not permitted; see the legal status.
Today's price in taka: BNB price.
Key points
- BNB was created by a company and is closely tied to it.
- News about the company is a risk to the coin's price.
Frequently asked questions
Are BNB and Binance the same thing?
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