Convert and Swap BNB BNB to British Pound GBP
BNB/GBP: 1 BNB equals £517.88 GBP
BNB (BNB) is not tradable on Coinbase.
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Last update: 9:40 PM, December 22, 2024
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BNB is falling this week.
The current price of BNB is £517.88 per BNB. With a circulating supply of 144,007,652.21 BNB, it means that BNB has a total market cap of £74,634,611,354.42. The amount of BNB traded has fallen by £435,989,273.42 in the last 24 hours, which is a 50.14% decrease. Additionally, in the last day, £869,566,076.04 worth of BNB has been traded.
About BNB
Binance Coin is a cryptocurrency used to pay fees on the Binance cryptocurrency exchange. Fees paid in Binance Coin on the exchange receive a discount.
BNB, or Binance Coin, is a cryptocurrency that was launched in July 2017 by Binance, the world's largest cryptocurrency exchange by trading volume. BNB is an integral part of the Binance ecosystem, which includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and various research projects. These sub-projects utilize blockchain technology to bring new-age finance to the world. BNB was initially an ERC-20 token on the Ethereum blockchain, but later migrated to its own blockchain, secured by the Tendermint byzantine-fault-tolerant (BFT) consensus mechanism. BNB is used to pay transaction fees on the Binance platform, participate in token sales, and more.
BNB operates on the Binance blockchain, which uses a consensus mechanism known as Proof of Staked Authority (PoSA). This mechanism combines elements of Proof of Authority (PoA) and Delegated Proof of Stake (DPoS) to secure the network. Validators, who are responsible for creating new blocks, are chosen based on their stake in BNB. BNB also employs a coin burn mechanism, where a portion of the tokens are periodically removed from circulation to create a deflationary effect. This is done to sustain the value of BNB and incentivize its use within the Binance ecosystem. BNB also facilitates cross-chain transfers, allowing the same token to circulate on both the Binance Chain and Binance Smart Chain.
BNB serves multiple use cases within the Binance ecosystem. It is used to pay for transaction fees on the Binance platform, participate in token sales on the Binance launchpad, and stake for selected Binance Smart Chain validators. BNB also enables users to participate in the governance of the Binance Smart Chain, allowing them to vote on various proposals. Additionally, BNB can be used in decentralized applications (dApps) built on the Binance Smart Chain. It is also used in the Binance Academy, Trust Wallet, and various research projects, all of which are part of the Binance ecosystem.
BNB was launched in July 2017 by Binance, the world's largest cryptocurrency exchange by trading volume. The coin was initially an ERC-20 token on the Ethereum blockchain, but later migrated to its own blockchain, the Binance Chain. The founder and CEO of Binance is Changpeng Zhao, who has been actively involved with blockchain technology and cryptocurrencies since 2013. He Yi, a former TV anchor and presenter, is a co-founder and chief marketing officer at Binance. BNB has seen significant price increases since its launch, attracting increased investor interest. The coin has also undergone several upgrades to make it more deflationary, including the implementation of BEP-95, which lowered gas fees on the Binance Smart Chain.
How BNB and British Pound differ
BNB and the British Pound (GBP) are two distinct forms of currency, each with its own unique characteristics. BNB, or Binance Coin, is a digital asset that operates within the Binance ecosystem, a network that utilizes blockchain technology to facilitate various financial transactions. BNB is used for a variety of purposes within this ecosystem, including paying transaction fees, participating in token sales, and voting on governance proposals. It operates on the Binance blockchain, which uses a Proof of Staked Authority (PoSA) consensus mechanism, and employs a coin burn mechanism to maintain its value. On the other hand, the British Pound is a traditional fiat currency issued by the Bank of England and is used for all types of transactions within the United Kingdom. Unlike BNB, the value of the British Pound is not determined by a consensus mechanism or coin burn strategy, but by factors such as inflation, interest rates, and the economic health of the UK. While BNB aims to facilitate cross-chain transfers and decentralized applications, the British Pound serves as a standard medium of exchange, store of value, and unit of account in the physical world.
Frequently asked questions
How much is 1 BNB in GBP?
Right now, 1 BNB is worth about £517.88.
How much BNB could I buy for 1 GBP?
Based on the current rate, you could get 0.0019 BNB for 1 GBP.
How much has the price of BNB changed?
BNB price has been declining. Since yesterday, the exchange rate of BNB has decreased. Since last month, the exchange rate of BNB has increased. Since this time last year, the price of BNB has increased.
How do I calculate or convert BNB to GBP?
You can use our BNB to GBP calculator at the top of this page to convert any amount of BNB to GBP. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 GBP is equivalent to 0.0097 BNB. Inversely, 5 BNB will cost about £2,589.41
How can I buy 1 BNB on Coinbase?
BNB is not currently available through Coinbase, but you can sign up to get the latest news on BNB and be notified when it is available.
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BNB to British Pound conversion tables
The exchange rate of BNB is decreasing.
The current value of 1 BNB is £517.88 GBP. In other words, to buy 5 BNB, it would cost you £2,589.41 GBP. Inversely, £1.00 GBP would allow you to trade for 0.0019 BNB while £50.00 GBP would convert to 0.0965 BNB, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 8.77%. Meanwhile, in the last 24 hours, the rate has changed by 2.23%, and that the the highest exchange rate of 1 BNB to British Pound was £532.08 GBP and the lowest 24 hour value was 1 BNB for £509.02 GBP. This time last month, the value of 1 BNB was £502.16 GBP, which is a 2.34% decrease from where it is now. Looking back a year, BNB has changed by £213.83 GBP.
BNB to GBP performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
£528.14 GBP | -2.23% | £564.27 GBP | -8.77% | £502.16 GBP | 2.34% | £213.83 GBP | 144.24% |
BNB to GBP
Amount | Today at 9:40 pm |
|---|---|
0.5 BNB | £258.94 |
1 BNB | £517.88 |
5 BNB | £2,589.41 |
10 BNB | £5,178.82 |
50 BNB | £25,894.12 |
100 BNB | £51,788.25 |
500 BNB | £258,941.23 |
1,000 BNB | £517,882.45 |
GBP to BNB
Amount | Today at 9:40 pm |
|---|---|
0.5 GBP | 0.000965 BNB |
1 GBP | 0.0019 BNB |
5 GBP | 0.0097 BNB |
10 GBP | 0.0193 BNB |
50 GBP | 0.0965 BNB |
100 GBP | 0.19 BNB |
500 GBP | 0.97 BNB |
1,000 GBP | 1.93 BNB |
Today vs. 24 hours ago
Amount | Today at 9:40 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 BNB | £258.94 | £263.90 | -1.88% |
1 BNB | £517.88 | £527.80 | -1.88% |
5 BNB | £2,589.41 | £2,639.00 | -1.88% |
10 BNB | £5,178.82 | £5,277.99 | -1.88% |
50 BNB | £25,894.12 | £26,389.96 | -1.88% |
100 BNB | £51,788.25 | £52,779.91 | -1.88% |
500 BNB | £258,941.23 | £263,899.56 | -1.88% |
1,000 BNB | £517,882.45 | £527,799.12 | -1.88% |
Today vs. 1 month ago
Amount | Today at 9:40 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 BNB | £258.94 | £250.17 | +3.51% |
1 BNB | £517.88 | £500.33 | +3.51% |
5 BNB | £2,589.41 | £2,501.66 | +3.51% |
10 BNB | £5,178.82 | £5,003.32 | +3.51% |
50 BNB | £25,894.12 | £25,016.61 | +3.51% |
100 BNB | £51,788.25 | £50,033.23 | +3.51% |
500 BNB | £258,941.23 | £250,166.13 | +3.51% |
1,000 BNB | £517,882.45 | £500,332.27 | +3.51% |
Today vs. 1 year ago
Amount | Today at 9:40 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 BNB | £258.94 | £107.97 | +139.83% |
1 BNB | £517.88 | £215.94 | +139.83% |
5 BNB | £2,589.41 | £1,079.68 | +139.83% |
10 BNB | £5,178.82 | £2,159.37 | +139.83% |
50 BNB | £25,894.12 | £10,796.84 | +139.83% |
100 BNB | £51,788.25 | £21,593.67 | +139.83% |
500 BNB | £258,941.23 | £107,968.37 | +139.83% |
1,000 BNB | £517,882.45 | £215,936.75 | +139.83% |
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