How many cryptocurrency does Binance have?
Cryptocurrencies Available on Binance.US
You can buy and sell over 80 cryptocurrencies on Binance.US, including: Bitcoin (BTC)
Binance is a relative newcomer to the cryptocurrency space, founded in 2017 by Changpeng Zhao. It has quickly grown to be the largest exchange in the world by volume and offers users access to hundreds of cryptocurrencies.
How many Binance coins are left? There are currently just over 165 million left. This number will reduce to 100 million over time, owing to Binance's burn schedule.
Circulating Supply | 163,276,975 BNB |
---|---|
Total Supply | 163,276,975 BNB |
Max Supply | 165,116,760 BNB |
Binance's platform is easy to use, but the sheer number of choices can be overwhelming to a new user. Binance is a better fit for people familiar with cryptocurrency lingo and investing options, whereas Coinbase is built for convenient, easy trading. Both exchanges provide mobile apps with varying functionalities.
Ethereum
It dominates much of the crypto market, approximately 18.49% according to CoinMarketCap. Ethereum is perhaps the most explosive cryptocurrency on this list. If Ethereum explodes again in 2022, it will likely be a very big explosion.
The country sending the most traffic to binance.com is Russia.
Binance has a secure asset fund for its users to help protect their money. Also called SAFU for short, this fund keeps a portion of every fee taken by Binance in case a financial loss happens. The SAFU was established in 2018 and it will allow users to get refunded if any money gets lost because of Binance.
Coinbase is the largest U.S.-based cryptocurrency exchange, trading more than 30 cryptocurrencies.
Binance Coin Mining
BNB token supply is capped at 200 million. BNB tokens cannot be mined.
Who is Binance owned by?
At least on paper, Binance founder Changpeng Zhao is among the world's richest people. The 44-year-old runs the largest crypto exchange, worth an estimated $300 billion, nearly six times the market cap of its nearest U.S.-based competitor, Coinbase.
- Bitcoin (BTC) Market cap: $548 billion. ...
- Ethereum (ETH) Market cap: $236 billion. ...
- Tether (USDT) Market cap: $82 billion. ...
- U.S. Dollar Coin (USDC) Market cap: $49 billion. ...
- Binance Coin (BNB) Market cap: $44 billion. ...
- XRP (XRP) Market cap: $18 billion. ...
- Binance USD (BUSD) Market cap: $17 billion. ...
- Cardano (ADA)
![How many crypto does binance have? (2024)](https://i.ytimg.com/vi/1Wa7z3jDmb0/hq720.jpg?sqp=-oaymwEcCNAFEJQDSFXyq4qpAw4IARUAAIhCGAFwAcABBg==&rs=AOn4CLBp2KoXokKE9mYym97siEXfpSwH2Q)
Generally speaking, when the maximum supply is reached, there will be fewer coins available on the market. This is expected to create market scarcity, which may eventually lead to deflation conditions (or 0% inflation rates).
BNB was initially issued as an ERC-20 token (on the Ethereum platform), but it will be soon transferred to the main Binance Chain. The initial total supply of BNB was defined as 200,000,000 coins, but due to the regular coin burn events, the supply is gradually decreasing.
A total of 1,684,387.11 BNB was removed from circulation. This includes 6296.305493 BNB that was burned from the Pioneer Burn Program. Here are the facts and figures behind BNB's first Auto-Burn: Total BNB burned: 1,684,387.11 BNB.
The Binance token is used to pay for fees on the platform. If you think you are going to be a small trader and remain at the low tiers, Binance's fee structure is better than Kucoin's. If you are going to use the futures market, Binance is a clear winner. It has a better taker fee than Kucoin.
- Best Overall and Best for Beginners: Coinbase.
- Best Mobile App: Crypto.com.
- Best for Security: Gemini.
- Best for Altcoins: BitMart.
- Best for Low Fees and Best for Experienced Traders: Kraken.
- Best for Bitcoin: Cash App.
- Best Decentralized Exchange: Bisq.
In terms of trust and security, it's no contest: Kraken is clearly the better platform. Kraken was originally founded in 2011 and has never been hacked, while Binance has faced multiple security issues since it was launched in 2017.
The next cryptocurrency to consider buying in 2022 is PancakeSwap. In its most basic form, PancakeSwap is a decentralized exchange that was launched in late 2020. The exchange allows users to buy and sell digital tokens without going through a third party.
With DeFi on the rise in the future years, Avalanche is unquestionably one of the most explosive cryptocurrencies between 2022 and 2025.
Which crypto is next Bitcoin?
There is no “next Bitcoin” because it was the first cryptocurrency, and it will always be the first cryptocurrency. However, there are new and different cryptocurrencies with unique features based on brand-new technology. This new technology will have applications and uses we can't even dream of yet!
- Ontario (Canada)
- China.
- Europe (for derivatives trading)
- Malaysia.
- Japan.
- UK (more about it below)
- Thailand.
Financial watchdogs around the world have placed Binance under scrutiny in recent months, citing concerns over the use of cryptocurrencies in money laundering and the high-risk nature of its products.
Key Binance Statistics 2022
As of October 2021, according to an estimate, there are over 28.5 million Binance users. The annual spot trading for Binance in 2021 is already 7x bigger than the value in 2020. The peak 24-hour trading volume of this crypto exchange is USD 76 billion.
We chose Trezor as best for security because it comes with the strongest security features and track record of any reviewed hardware wallet. Trezor, like Ledger, is a name synonymous with crypto cold wallet storage. Its Model T is the second generation of hardware wallets they have created.
In 2019, Binance was banned in the United States on regulatory grounds. In response, Binance and other investors opened Binance.US, a separate exchange registered with the United States Financial Crimes Enforcement Network and designed to comply with all applicable US laws.