What is BNB?
The popular trading platform issued the high stock cryprocurrency named as BNB. These coins basically follow the ethereum platform under the native token of ERC-20 supported by ethereum blockchain. It is used by Binance app as utility token to pay various deposits.Holders of the BNB coin are known as Binancians
The key of Binance coin is to buy the total percentage according to the trade of about 200million when they are launched just to burn them.This means to totally destroy them and put them out of circulation so that remaining coins in the circulation will get maximum profit. It has started with 20% coins that are used for burn buy strategy until it reached upto 50% coins of total market value. All BNB buy back are done through Binance and announced through blockchain trading centers. The BNB token has many uses as it is used as discount token or less gas fee charge in Binance ecosystem. In starting they were offering about 50% discount fee on every trade and transaction later on they have plan to give these discounts manually every year and still they are working on it.
BNB coins are considered as most used cryptocurrency coins in trading and different ecosystems. Many live trading centers of different countries allowed their users to pay different kinds of fee using BNB coins.
The BNB token is also used as buying and selling token for different kinds of goods and services. Many sites used BNB as token for paying fee and for various transactions and hence wearing the cap of largest cryptocurrency in currency market.
What is Bitcoin?
Bitcoin (₿) (BTC) is totally a decentralized crypto currency shares or uses through per to peer exchange of coins through bitcoins of blockchains that are not controlled by any other governments or locals. It is the only growing currency whose assets show some traditional characterstics.
The term ‘Bitcoin’ can refer to the token (a code that shows ownership of a digital value) or it can be known as the technology (a digital network that administrates the ledger of balance of the Bitcoin token).
The idea for Bitcoin and blockchain was first launched in an online cryptography meeting in November 2008, by an anonymous person (or group) called Satoshi Nakamoto. The white magazine, entitled ‘Bitcoin: A Electronic Cash System’ highlited an electronic payment system based on mathematical proof, and illustrate how different parts of bitcoin chain would be operated and kept private and secure. It also explained in details that how a site can track the history of bitcoin and transactions through a single network. It also tells how blockchain works and how it keeps the data and transactional history tracked and secured The first Bitcoin was established when Satoshi build the first block of the chain, also called as the genesis block.
Just like gold there is finite and limited supply of bitcoins. In starting about 21 million bitcoins was mined. Unlike the currencies issued by bank and and governments it is not vulnerable to losing its market value if the centralized governments and issuing authorities breaks down. The decentralized system of blockchain bitcoins will always be continued to work until they have some members on the network working on it.
All the managements of transactions and the release of bitcoins are controlled by a complete network of people it is not controlled by a single entity. It is an open source designed totally for public and by public. Nobody owns or controls it personally and everyone is allowed to take part in it. It is managed by a group of volunters coders and executed by a complete network of computers spread all around the world.
Bitcoin network is created as reward for the process of mining which consists of transaction records, past and present transactions public journals and ledger, and keeping them in the line.
What is BNB to BTC exchange rate?
The current 1 Binance Coin BNB to Bitcoin exchange rate is 0.0102 BTC
How to convert BNB to BTC:
https://flyp.me/en/#/ Use flyp.me for better exchange experience and rates. Click on the link to get more details.
Some of the steps are given below to convert BNB to BTC coins.
- If you have BNB coins and you want to exchange them into BTC coins
- GO to flyp site there would be two columns showing different coins and currencies.
- In first column of I HAVE select BNB
- in the Next column of I get select BTC Coins
- Enter the BTC wallet address in which you want to get your exchanged currencies
- Enter the BNB refund wallet so that if your transaction would you will get your amount refunded back into wallet.
- The site will automatically get your currency exchanged at the recent rates of currency directly into your wallet.
- Flyp.me itself finds the best currency exchange rates and guarantees you the fixed exchange rate for minutes. This means you always get the amount you want. No surprises
- Double check everything and click on flyp to get your currency exchanged.