BNB/THB: Convert BNB (BNB) to Thai Baht (THB)

1 BNB equals THB 18,822.07 Thai Baht

BNB (BNB) is not tradable on Coinbase.

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Last update: 2:34 PM, September 20, 2024

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Overview

About BNB (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.

Resources

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 (BNB) and Thai Baht (THB) differ

BNB and Thai Baht (THB) are two distinct forms of currency, each with its own unique characteristics. BNB, or Binance Coin, is a digital asset that operates on the Binance blockchain, a decentralized network that uses a consensus mechanism known as Proof of Staked Authority (PoSA). This mechanism selects validators, who create new blocks, based on their stake in BNB. BNB also employs a coin burn mechanism, periodically removing tokens from circulation to maintain its value and encourage its use within the Binance ecosystem. It serves multiple purposes, including paying for transaction fees, participating in token sales, staking for selected validators, and voting on various proposals. On the other hand, the Thai Baht (THB) is the official currency of Thailand, regulated by the Bank of Thailand. Unlike BNB, it is a physical currency, used for traditional transactions and does not operate on a blockchain. It does not have a coin burn mechanism and its value is influenced by factors such as inflation, interest rates, and the country's economic performance. While BNB aims to facilitate cross-chain transfers and be used in decentralized applications, the Thai Baht is primarily used for everyday transactions within Thailand.

BNB Markets

BNB is climbing this week.

The current price of BNB is THB 18,822.07 per BNB. With a circulating supply of 145,933,669.641 BNB, it means that BNB has a total market cap of THB 2,747,810,284,993.45. The amount of BNB traded has fallen by THB 1,666,624,103.07 in the last 24 hours, which is a 2.67% decrease. Additionally, in the last day, THB 62,435,261,507.90 worth of BNB has been traded.

Market cap

£2.7T

Volume (24h)

£62.4B

Circulating supply

145.9M BNB

See all metrics

Conversion tables

The exchange rate of BNB is decreasing.

The current value of 1 BNB is THB 18,822.07 THB. In other words, to buy 5 BNB, it would cost you THB 94,110.36 THB. Inversely, THB 1.00 THB would allow you to trade for 0.000053 BNB while THB 50.00 THB would convert to 0.002656 BNB, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 3.07%. Meanwhile, in the last 24 hours, the rate has changed by 0.58%, which means that the the highest exchange rate of 1 BNB to Thai Baht was 576.8086003772744 THB and the lowest 24 hour value was 1 BNB for 559.6478785343888 THB. This time last month, the value of 1 BNB was THB 18,546.97 THB, which is a 1.48% increase from where it is now. Looking back a year, BNB has changed by -THB 11,738.73 THB.

BNB to THB

Amount	Today at 2:34 pm
0.5 BNB	THB 9,411.04
1 BNB	THB 18,822.07
5 BNB	THB 94,110.36
10 BNB	THB 188,220.73
50 BNB	THB 941,103.65
100 BNB	THB 1,882,207.29
500 BNB	THB 9,411,036.47
1,000 BNB	THB 18,822,072.95

THB to BNB

Amount	Today at 2:34 pm
0.5 THB	0.000027 BNB
1 THB	0.000053 BNB
5 THB	0.000266 BNB
10 THB	0.000531 BNB
50 THB	0.0027 BNB
100 THB	0.0053 BNB
500 THB	0.0266 BNB
1,000 THB	0.0531 BNB

Today vs. 24 hours ago

Amount	Today at 2:34 pm	24 hours ago	24H Change
0.5 BNB	THB 9,411.04	THB 9,356.74	+0.58%
1 BNB	THB 18,822.07	THB 18,713.49	+0.58%
5 BNB	THB 94,110.36	THB 93,567.43	+0.58%
10 BNB	THB 188,220.73	THB 187,134.87	+0.58%
50 BNB	THB 941,103.65	THB 935,674.34	+0.58%
100 BNB	THB 1,882,207.29	THB 1,871,348.68	+0.58%
500 BNB	THB 9,411,036.47	THB 9,356,743.40	+0.58%
1,000 BNB	THB 18,822,072.95	THB 18,713,486.80	+0.58%

Today vs. 1 month ago

Amount	Today at 2:34 pm	1 months ago	1M Change
0.5 BNB	THB 9,411.04	THB 9,273.49	+1.48%
1 BNB	THB 18,822.07	THB 18,546.97	+1.48%
5 BNB	THB 94,110.36	THB 92,734.86	+1.48%
10 BNB	THB 188,220.73	THB 185,469.72	+1.48%
50 BNB	THB 941,103.65	THB 927,348.61	+1.48%
100 BNB	THB 1,882,207.29	THB 1,854,697.22	+1.48%
500 BNB	THB 9,411,036.47	THB 9,273,486.12	+1.48%
1,000 BNB	THB 18,822,072.95	THB 18,546,972.24	+1.48%

Today vs. 1 year ago

Amount	Today at 2:34 pm	1 year ago	1Y Change
0.5 BNB	THB 9,411.04	THB 3,541.67	+165.72%
1 BNB	THB 18,822.07	THB 7,083.34	+165.72%
5 BNB	THB 94,110.36	THB 35,416.72	+165.72%
10 BNB	THB 188,220.73	THB 70,833.45	+165.72%
50 BNB	THB 941,103.65	THB 354,167.23	+165.72%
100 BNB	THB 1,882,207.29	THB 708,334.46	+165.72%
500 BNB	THB 9,411,036.47	THB 3,541,672.29	+165.72%
1,000 BNB	THB 18,822,072.95	THB 7,083,344.59	+165.72%

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