What Is BI'an Coin? A Complete Guide to the BNB Token

What Coin Is BI'an Coin

"BI'an Coin" refers to BNB, short for Binance Coin — the native token issued by Binance, the world's largest cryptocurrency exchange. Many people are unsure what "BI'an Coin" means because "BI'an" is simply a variant spelling of "Binance" in Chinese, and "BI'an Coin" is Binance's native token BNB. To hold and use BNB, you need a Binance account — click here to register on Binance, and we recommend downloading the Binance APP for convenient BNB asset management on the go.

BNB at a Glance

Attribute	Details
Token Name	BNB (Binance Coin)
Launch Date	July 2017
Initial Supply	200 million
Current Circulating Supply	~140 million
Ultimate Target	Burn down to 100 million
Blockchain	BNB Chain (formerly BSC)
Consensus Mechanism	PoSA

Core Use Cases of BNB

Trading Fee Discounts

This is BNB's most fundamental and practical feature:

Enable BNB fee deduction to get a 25% discount on spot trading fees
If you trade 100,000 USDT monthly, a 25% fee saving means 25 USDT saved
The more you trade, the greater the value of holding BNB

Launchpad Access Pass

Binance Launchpad is a key channel for discovering promising new projects:

You must hold BNB to qualify for new token subscriptions
A minimum BNB balance must be maintained for a period before the subscription
Historically, most Launchpad projects delivered positive first-day returns

Launchpool Free Farming

No extra investment needed — use your existing BNB to "farm" new tokens:

Deposit BNB into the designated Launchpool
Earn new token rewards proportionally
Withdraw your BNB principal after the event ends
New tokens are automatically credited to your account

Gas Fees on BNB Chain

All operations on BNB Chain require BNB as gas:

Token transfers
Smart contract interactions
DeFi protocol operations
NFT minting and trading

VIP Level Upgrades

Holding BNB contributes to your Binance VIP level — the higher the level, the lower your trading fees.

BNB Burn Mechanism

BNB features a unique deflationary mechanism that continuously reduces its total supply:

Quarterly Auto-Burn

Each quarter, Binance automatically calculates the burn amount based on BNB Chain transaction volume. The goal is to reduce the total supply from 200 million to 100 million.

BEP-95 Real-Time Burn

A small portion of gas fees is burned with every transaction on BNB Chain, similar to Ethereum's burn mechanism. The more active the network, the more BNB is burned.

Impact of Burns on Price

In theory, reduced supply with stable or increasing demand should push prices up. However, the actual market is influenced by many factors, and price cannot be predicted based on burns alone.

How to Acquire BNB

Direct Purchase

Buy with USDT on the Binance spot market:

Go to Spot Trading
Search for BNB/USDT
Select Buy, set your price and quantity
Confirm the order

P2P Purchase

Buy BNB directly with fiat currency:

P2P Trading → Buy → Select BNB
Choose a payment method and merchant
Pay and wait for your coins

Convert

Swap other cryptocurrencies for BNB:

Open the Convert feature
Select your source currency and BNB as the target
Enter the amount and confirm

Earn Through Savings

Deposit BNB in Binance Earn to receive additional BNB yields.

How to Store BNB

Binance Account

The simplest option — keep BNB in your Binance account:

Pros: Ready for trading and use at any time
Cons: Dependent on exchange security

On-Chain Wallet

Withdraw BNB to a personal wallet:

Trust Wallet: Binance's official mobile wallet
MetaMask: Supports BNB after adding the BNB Chain network
Hardware Wallets: Ledger, Trezor, and others support BNB

Recommendations

Keep BNB you trade frequently in your Binance account
Transfer long-term holdings to a personal wallet
Use a hardware wallet for large amounts

BNB Investment Analysis

Favorable Factors

Binance's Industry Position: The world's top exchange with solid fundamentals
Deflationary Mechanism: Continuous burns reduce supply
Real Utility Demand: Fee discounts, gas fees, and Launchpad create genuine demand
BNB Chain Ecosystem: A rich DApp ecosystem supports its value

Risk Factors

Regulatory Uncertainty: Global crypto regulations continue to evolve
High Centralization: BNB's value is tightly linked to Binance
Market Volatility: Cryptocurrency markets are inherently volatile

Investment Advice

If you're an active Binance user, holding BNB for fee discounts is highly cost-effective
As part of a portfolio, BNB can represent a reasonable share of your crypto holdings
Going all-in on BNB is not recommended — diversification is key

FAQ

How is BI'an Coin different from Bitcoin?

BNB is Binance's platform token, primarily used within the Binance ecosystem; Bitcoin is decentralized digital gold that doesn't depend on any platform. They serve completely different purposes.

Does holding BNB pay dividends?

There are no traditional dividends, but holding BNB lets you participate in Launchpool to earn free new tokens — effectively similar to dividends.

What's the minimum amount of BNB I can buy?

On Binance, the minimum trading unit is very small — roughly 10 USDT is enough to buy BNB.

Conclusion

BI'an Coin (BNB) is the core token of the Binance exchange, offering broad utility in fee discounts, event participation, and on-chain gas fees. Combined with its deflationary burn mechanism and the thriving BNB Chain ecosystem, BNB holds a significant position in the crypto market. For Binance users, holding some BNB is a choice that combines both practical utility and investment value.