Explore our step-by-step guide to find out how you can claim the LAYER airdrop if you have restaked bbSOL for sbbSOL on Solayer.

 that allows you to maximize returns while keeping your SOL staked. bbSOL can be used in multiple ways, such as providing liquidity in pools in exchange for trading fees and incentives, using it as collateral, trading on 

 (CEXs), and restaking it for additional rewards. Now, if you have restaked bbSOL on Solayer and received the receipt token, sbbSOL, you can claim the 

 for Solayer’s governance token, LAYER.

 a hybrid proof-of-authority (PoA) and proof-of-stake (PoS) restaking protocol native to the Solana blockchain 

, the first 1MM TPS network in the world.

 LAYER token holders can participate in governance by voting for protocol upgrades and key ecosystem initiatives. 

Solayer has announced additional utilities for LAYER, transforming it into a comprehensive utility token within the ecosystem. It will function as a gas token for 

 and as reward for users who stake LAYER to help secure the Solayer blockchain.

LAYER has a maximum supply of 1 billion tokens and an initial circulating supply of 210,000,000, distributed as follows:

How To Claim LAYER Airdrop for Users Who Restaked bbSOL for sbbSOL on Solayer

and select Bybit Wallet to connect your wallet. 

 Once your LAYER has been claimed, you should receive it in your wallet.

Claiming your LAYER airdrop is a simple process that rewards users who have restaked their bbSOL for sbbSOL on Solayer. By following the steps outlined above, you can easily claim your LAYER airdrop and take advantage of its utility within the Solayer ecosystem. Whether for governance, staking rewards, or future utility as a gas token, LAYER plays a key role in expanding Solayer’s ecosystem. Make sure to claim your tokens and stay engaged with Solayer’s developments for more opportunities ahead!

Beginner

layer sbbsol tutorial.png

How To Claim LAYER Airdrop For sbbSOL Holders

Learn how to become a Bybit P2P Advertiser, post crypto trade ads for free, and leverage secure escrow, zero fees, and global reach to maximize profits.

Buying and selling cryptocurrencies for fiat money are key activities within the crypto industry. Crypto-to-fiat (and vice versa) trading operations support two vital processes that link the worlds of crypto and traditional finance — 

. While there are several primary ways of buying and selling crypto for fiat, 

 (P2P) markets are desirable to traders thanks to their flexibility and the absence of intermediary parties. Transacting with a fellow trader to buy or sell crypto can be a mutually beneficial deal for both parties, especially if the trading platform doesn’t take its cut in transaction fees.

Unfortunately, many P2P crypto markets suffer from two key drawbacks. One is the presence of transaction fees, imposed by the platform that acts as a matchmaking medium for the transaction. Such fees defeat one of the main purposes of P2P trading — namely, eliminating intermediaries with financial interest. The second problem relates to the numerous scams and disputes during transaction execution in these trades.

Among the best solutions to avoid these problems is 

. With zero transaction fees and a secure escrow system that protects both parties during a P2P crypto transaction, the platform may be an ideal choice for your crypto sell or buy operations. You can also register as an Advertiser on the platform to truly maximize the profitability and efficiency of your crypto-to-fiat or fiat-to-crypto activities. In this article, we’ll take an in-depth look into Bybit P2P Advertising and the numerous benefits that traders can derive from using this program, which is free to join for users of the Bybit P2P trading platform.

Bybit’s P2P trading platform helps cryptocurrency sellers and buyers conduct their P2P transactions with zero fees, a secure escrow system, access to a global audience of more than half a million users and the choice of more than 70 national fiat currencies, 300 cryptocurrencies and 600 payment methods. 

Run by one of the world’s leading cryptocurrency exchanges, Bybit P2P serves as one of the best mediums for crypto off-ramping and on-ramping.

Unlike smaller P2P platforms, Bybit P2P offers a sweeping range of fiat currencies. Among the more than 60 national currencies on offer are the U.S. dollar (USD), euro (EUR), British pound (GBP), Swiss franc (CHF), Singapore dollar (SGD), Brazilian real (BRL), United Arab Emirates dirham (AED) and many more.

True to the ethos of P2P trading, the platform charges no transaction fees for any buy or sell operations. Traders also benefit from an escrow system that lets both parties transact in complete security.

The two key parties on the platform are takers and makers. Takers place buy or sell orders through the existing ads on the platform, while makers are the ones placing the ads via the platform’s P2P Advertising program. 

Makers can post ads to increase the visibility of their crypto offers, thereby reaching more prospective buyers more quickly and optimizing the profitability and efficiency of their crypto trading. There are no fees involved for posting the ads or joining the Advertiser program. You do need to meet specific requirements, though, as we’ll detail further on.

As an Advertiser, you can also benefit from the unique P2P advertising shared asset function, which lets you place multiple ads for the same funds offered for sale. For example, if your account holds 500 USDT, you can place different ads for this amount, each tailored to different potential buyer segments.

There are three types of Advertisers on the Bybit P2P platform: General, Verified and Block. General Advertisers can publish their sell ads on the platform to attract potential buyers. Depending upon their last 30-day 

, they’re classified into either the Beginner, Regular or Veteran subtype.

General Advertisers who successfully undergo additional verification and meet certain trading activity requirements can earn the Verified Advertiser status. These users enjoy higher ad visibility rankings and more generous transaction limits.

Block Advertisers wish to trade cryptocurrency at higher volumes, and enjoy the most generous transaction limits. To become a Block Advertiser, traders will need to undergo a complete individual or institutional verification, depending upon the account variety held on Bybit.

To qualify as a General Advertiser, Bybit P2P users need to have been registered on the platform for at least 30 days. Their past 30-day trading volumes (on a rolling basis) determine their General Advertiser subtype. Beginner General Advertisers are those with a trading volume of less than 2,000 in USDT equivalent over the past 30 days. They also have no minimum requirement in terms of the number of counterparties transacted with during that period. 

Advertisers with a 30-day trading volume of at least 2,000 USDT and at least five counterparties qualify for the Regular General Advertiser designation. Those with a 30-day trading volume of at least 10,000 USDT and at least five counterparties can become Veteran General Advertisers. All General Advertisers also need to meet additional requirements in terms of the number of completed orders, order completion rate and basic 

. The table below outlines the requirements for all three varieties of General Advertisers.

Verified Advertisers need to meet further identity verification requirements beyond the basic level used for General Advertisers. They also need to have completed at least 60 orders in the past 30 days, have at least 100 total completed orders, maintain a favorable rating of at least 95%, achieve an average payment time of under 15 minutes and keep at least 500 USDT in their account at the time of application.

Block Advertisers also need to meet comprehensive individual or business verification requirements beyond those for Verified Advertisers. The verification requirements for Block Advertisers are summarized in the table below.

All Advertiser types, including General Advertisers, benefit from having their ads reach thousands of Bybit P2P users. General Advertisers enjoy ad limits commensurate with their level — 1,000, 20,000 or 50,000 USDT per ad for Beginner, Regular and Veteran, respectively. The amount limits per ad for BTC and ETH also vary according to the level.

Becoming a Verified Advertiser allows you to access additional benefits, such as a special logo confirming your verified status, higher ranking in the ad display algorithm, access to exclusive promotions and priority customer service.

You can post a P2P ad either from a desktop or via the Bybit mobile app as follows:

: To post a P2P ad from a desktop environment, navigate to 

 from the main menu on Bybit’s website and select the 

: Fill in the details of your ad, such as the type of ad, your preferred asset, minimum and maximum amounts per order, and price. You can choose either a fixed price — which remains unchanged, regardless of market developments — or a floating price — which varies based on ongoing market fluctuations. The floating price is calculated by taking into account the premium and the reference price to keep it in line with changing market dynamics.

: If you use the Bybit mobile app, tap on 

: Tap the three horizontal dots icon in the upper-right corner to go to 

: Fill in the details of your ad. After completing your ad’s details, review and publish it.

If you apply to become a Verified Advertiser or Block Advertiser, note that you’ll need to provide a 1,000 USDT security deposit. This amount remains frozen in your account while you maintain your Verified or Block Advertiser status.

Tips for Successful P2P Advertising on Bybit

As a P2P Advertiser, you can maximize your success and profitability on the platform by following a few strategies. Naturally, one of the keys to success is to offer competitive prices. This not only attracts more willing buyers, but may also help you in the ad positioning rankings, since the top five Verified Advertisers with the best prices are regularly selected to be shown to buyers as special recommendations.

Maintaining a high order completion rate is another key strategy for successful advertising: it helps build your reputation and acts as a factor in determining the ad visibility rankings.

Being flexible in terms of your order — for example, offering a variety of payment methods — is also critical. Bybit’s P2P Trading attracts a global audience of more than half a million users, so when you offer more payment methods, you’re more likely to find willing buyers from different localities.

Being responsive and prompt in answering potential buyer inquiries is also highly recommended. A further way to optimize your ad performance is to become a Verified Advertiser, which helps you both build trust and achieve a higher position in the ad ranking algorithm. If you routinely plan to trade at significant levels, such as tens or hundreds of thousands of USDT equivalent per order, you may also consider becoming a Block Advertiser, which helps you achieve the highest priority in ad rankings.

P2P crypto trading on Bybit is an excellent way to buy or sell crypto without any transaction fees while enjoying the protections provided by a leading crypto exchange platform. The platform’s secure escrow system, zero fees on P2P orders, global audience of more than half a million users, close to 600 payment methods and choice of around 60 fiat currencies and 300 cryptocurrencies make it an ideal environment for cryptocurrency buyers and sellers. 

Furthermore, when you become an Advertiser on the platform you significantly boost your trading outcomes, exponentially increase the visibility and reach of your ads, qualify for generous order limits and build trust as a Verified Advertiser.

Intermediate

Bybit P2P advertising.png

Becoming a P2P Advertiser on Bybit: Everything You Need to Know

P2P on Bybit is an easy and secure peer-to-peer trading platform. It facilitates the buying and selling of two users’ holdings at an optimal, agreed-upon price.

Peer-to-peer (or P2P) trading is a form of trade in which buyers and sellers directly exchange their crypto coins and fiat assets.

 trading platform which charges zero fees. 

It facilitates buying and selling of two users’ holdings at an optimal, agreed-upon price. Please note that Bybit does not provide the buy and sell offers on the P2P page, which are generated by the users directly themselves.

Bybit P2P supports over 300 cryptocurrencies, 70 fiat currencies and 600 payment methods, making the execution of P2P orders a breeze. Additionally, it’s a highly secure platform on which both buyers and sellers have to undergo rigorous 

 processes. Bybit also imposes stringent protocols to prevent frauds and scams, including a reporting function, a P2P 

 feature and security deposit requirements. You can also leave reviews for your counterparty after completing a trade with them to help other users make informed decisions. 

 for traders looking to directly buy and sell large amounts of assets between two parties, allowing traders to enjoy faster trade and reduced price slippage for large P2P orders. P2P Block has a single minimum 

order limit of 10,000 USDT, and a single maximum order limit of 200,000 USDT. 

The fee structure of P2P trading corresponds to two different types: taker and maker.

To learn more about fees on the Bybit P2P platform, please refer to 

P2P trading on Bybit is highly secure, thanks to the various rigorous security measures it implements. First, all users have to perform either Identity Verification (KYC) or Business KYC to trade on Bybit’s P2P platform. Additionally, if you’re conducting a trade that exceeds a certain transaction limit, you’ll also need to submit your KYC details for verification.

ensures the crypto amount in a seller’s advertisement is securely locked during transactions in order to safeguard buyers from potential fraud

Once a buy order is submitted, the amount of coin specified will be reserved on the P2P platform. This means that if the seller doesn’t release the coin within the time frame specified by the countdown timer after receiving the payment, our customer support has the right to release the coin from the reserved funds to the buyer after verification. (If you’re a seller, please make sure you’ve received the funds from the buyer before releasing your coin.) 

If you suspect any fraud, you can make use of Bybit’s reporting feature by clicking on the 

 button, which you’ll find either below your counterparty's user name during the transaction, or next to the user’s nickname on their profile page. 

Bybit also imposes security deposit requirements for certain users: those applying to become 

 (BA), and users flagged as potential risks by the system. These users need to deposit and freeze a specific security amount for access to P2P advertising rights.

In case of order disputes, you can also use the P2P 

 feature, which is available for all ongoing, completed or canceled orders within five calendar days after the order’s creation. 

There are two appeal tracks: Normal and Fast-Track. Normal Track appeals, which can be used for all kinds of appeals, have a longer processing time of over 48 hours, while Fast-Track appeals can be conducted within just 15 minutes. Note that Fast-Track appeals can only be used when the 

buyer has completed payment, but the counterparty hasn't released the coins yet, or when the seller hasn't received any payments from the counterparty.

Can’t wait to start your P2P trading journey? The following is a step-by-step guide to help you start your first P2P transaction on Bybit.

 on the top left corner of the navigation bar to enter the P2P trading page. 

 page, you can filter advertisers by entering your desired criteria for 

 and more, based on your specific transaction needs. 

: Choose your preferred advertisement, and click on

: Enter the amount of fiat currency you want to pay, or the number of coins you want to receive. Click on 

You’ll be redirected to the order page, where you’ll see a countdown timer for transferring the money to the seller's bank account. Make sure to verify that all of the order details are correct before proceeding. (Please 

 that certain orders may require verification.For such orders, click on 

 on the order page and provide the required proofs in the Order Chat Box.)

 once you’ve completed the payment. Acknowledge the rules, and click on 

 if you’ve provided the necessary information.

a. Once the coins you’ve purchased have been successfully released by the seller, you can check your assets in your 

. You can also check your order status from your 

b. If the seller fails to release the coins after 10 minutes, you can click on the 

Our customer support team will reach out to you. During this period, please do not cancel your order unless you’ve received a refund from your seller.

, based on your specific transaction needs. 

: Choose your preferred advertisement, and click on 

: Enter the amount of USDT you want to sell, or the amount of fiat currency you want to receive. Click on 

: You’ll be redirected to the order page, where you’ll see a countdown time during which the buyer needs to complete the payment.

: Once you’ve successfully received your payment from the buyer, click on 

 to release your coins. You’ll be asked to enter your 

: Please ensure you've received your funds from the buyer before ticking the confirmation box and releasing your coins.

Follow the steps below in the event the order transaction has failed:

1) If the buyer hasn’t completed the payment within the specified time frame, the order will automatically be canceled. The coins reserved on the P2P platform will also automatically be returned to your Funding Account.

2) If you’re notified that the payment has completed, but you have yet to receive your payment after 10 minutes, you can try to communicate with the buyer in the Order Chat Box before clicking on 

 to proceed with the appeal. If you’ve clicked on the button, our customer support team will reach out to you.

For more details on how to buy or sell, please refer to the following two articles:

 that you’ll need to complete at least KYC Level 1 before you can begin P2P trading.

 in the upper right-hand corner of the page.

To learn more about KYC, please refer to 

AUG24_R15_P2P on Bybit Trading_ Everything You Need to Know.png

P2P on Bybit Trading: Everything You Need to Know

Avalon Labs is launching its AVL token on Bybit’s Spot trading platform on February 12, 2025, with deposits opening on February 11 and withdrawals on February 13.

Daily Top Performer — AI Rig Complex (ARC)

The S&P 500 rose 0.03% as investors awaited the CPI report and Powell’s testimony, with no imminent rate cuts expected. Gold regained $2,900 amid USD weakness, maintaining a bullish trend despite overbought conditions. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.11%, with Bitcoin and Ether dropping by 2.15% and 1.64%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is ARC, which surged nearly 16.6% following the unveiling of its streamlined token launch mechanism.

AI Rig Complex (ARC), launched in 2024, is a high-performance AI framework built with Rust, enabling intuitive, context-aware interactions. Its core platform, Playgrounds, integrates multiple LLMs and AI workflows, streamlining development while eliminating vendor lock-in. ARC 

 a new token launch mechanism that optimizes liquidity and fees while focusing on ecosystem potential. Prioritizing simplicity and integration, it avoids arbitrary constraints, enabling a more curated and deliberate value creation process.

Check Out the Latest Prices, Charts, and Data of 

 its AVL token on Bybit’s Spot trading platform on February 12, 2025, with deposits opening on February 11 and withdrawals on February 13. AVL serves as a governance token within Avalon’s ecosystem, offering staking rewards, governance participation, and fee discounts. The launch includes a trading contest and deposit event with a total prize pool of 1.8 million AVL. Avalon’s ecosystem also features USDa, a Bitcoin-backed stablecoin designed for stability and DeFi utility. Bybit’s listing aims to enhance AVL’s liquidity and adoption while supporting Avalon’s broader financial products.

Yesterday, BTC Spot ETFs had a net outflow of $80.5M, entirely from non-GBTC funds, while GBTC remained unchanged.

 will airdrop 10% of $IP supply—5% via Direct Claims on Mainnet launch and 5% to Ecosystem Projects for user distribution. Eligibility includes Odyssey Badge, Chronicles & Kaito Genesis NFT holders, active community members, and Story Yappers. Sybil detection used clustering algorithms and Gitcoin Passport.

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Avalon Labs Launches AVL Token on Bybit with Staking and Rewards

Bybit Learn

Altcoins

Binance Coin, or BNB, is a native token of the Binance ecosystem and powers the BNB chain ecosystem.

Binance Coin (BNB) has emerged as a pivotal player in the cryptocurrency ecosystem, powering the world’s largest cryptocurrency exchange, Binance. Its versatile functionality and growing adoption have driven it to become one of the top cryptocurrencies by market capitalization. Are you curious about BNB’s origin, utility, and its importance in the Binance Smart Chain? This comprehensive guide will navigate you through the essentials of what is BNB crypto, its tokenomics, regulatory landscape, and how to buy, store, and trade it.

We’ll dive deep into the evolution of BNB, its expanding use cases beyond the Binance exchange, and its critical role in the Binance 

. Additionally, we’ll discuss what is BNB crypto in terms of its tokenomics, the coin burning mechanism, and the regulatory challenges faced by Binance. By the end of this guide, you’ll have a thorough understanding of BNB’s potential as an investment and its significance in the ever-growing world of cryptocurrencies.

BNB, or Binance Coin, is the native cryptocurrency of the Binance exchange, specifically designed to facilitate trading and offer various benefits to its users. Being the largest cryptocurrency exchange by trading volume, Binance has integrated BNB as a key component of its ecosystem. BNB not only powers the Binance platform but also runs on the Ethereum blockchain using the 

 protocol, making it compatible with Ethereum-based apps. BNB, an acronym for “build and build”, serves various functions such as creating new tokens, sending, receiving, burning, and minting on the Binance Chain. Users can also trade and invest in Binance coins, further expanding their utility within the ecosystem.

 (ICO) at a price of $0.10 per token, BNB has experienced remarkable growth. As of August 15, 2023, BNB is the fourth-largest cryptocurrency in terms of market capitalization. The success of BNB arises from its multiple uses and its connection to the Binance exchange, a notable entity in the crypto market.

BNB was introduced through an ICO in 2017, raising $15 million by selling 100 million BNB tokens at a rate of 15 cents per token. The funds generated during the ICO were allocated for various purposes, including 50% for branding and marketing initiatives and 33% for the development and enhancement of the Binance platform and related ecosystem. Initially developed on the Ethereum blockchain, BNB later migrated to its own Binance Chain, to foster its ecosystem and enhance BNB accessibility.

Currently, the Binance Chain is a high-performance blockchain network designed for smart contract-based applications, such as a decentralized exchange and other DeFi products. This move has enabled Binance to have greater control over the development and scalability of the Binance Chain.

As BNB progresses, it cements its place as a prominent cryptocurrency, fueling the Binance ecosystem and providing diverse utility to its users.

BNB has seen a meteoric rise in its market position since its initial launch. In just a few years, its market cap has soared from below $7 billion in 2020 to surpassing the $90 billion mark twice in 2021. As of August 15, 2023, BNB placed fourth, in terms of market capitalization. It is just behind Bitcoin, Ethereum, and Tether.

Its impressive growth can be attributed to the expanding use cases of BNB and the dominant position of Binance in the centralized crypto exchange market, which holds a 43.9% market share. However, please note that BNB’s market position may vary occasionally due to market fluctuations.

As the crypto landscape continues to evolve, the performance of BNB will likely be influenced by various factors, including market trends, technological advancements, and regulatory changes.

The primary purpose of BNB is to cover transaction and trading fees on the Binance exchange. However, BNB’s utility extends far beyond the Binance platform, offering benefits in payments, investments, and a variety of online services. BNB has become an attractive option for merchants who can accept it as a form of payment, as well as for users who can use BNB as collateral for loans on certain platforms. With its expanding use cases, BNB has emerged as a versatile and valuable asset in the world of cryptocurrencies.

The subsequent sections will discuss the main utilities of BNB, such as trading fee discounts and its broadening applications beyond the Binance exchange. We will examine how BNB’s distinct features contribute to its success and its diverse offerings to users.

One of the most appealing aspects of holding BNB is the trading fee discounts it offers on the Binance exchange. Users who hold BNB in their Binance account can enjoy a 25% discount on their trading fees, which is applicable to both spot and margin trading fees. Additionally, a 10% discount is available for futures trading fees. The BNB trading fee discount program is valid until a specified date, which can be found on the Binance website. It’s important to consider the bnb price when planning your trading strategy, as it can impact the overall cost of your transactions.

By providing trading fee discounts, Binance motivates users to retain and use BNB for their transactions. This not only boosts demand for BNB but also promotes user participation in the Binance ecosystem. The discounts available for BNB holders make trading on the Binance platform more cost-effective and appealing to a broader range of users.

Beyond the Binance exchange, BNB’s use cases have expanded into various sectors. BNB is a cryptocurrency that can be used as payment for transaction fees on Binance.com, Binance DEX, and Binance Chain. This provides more convenience in performing trading activities in the cryptocurrency marketplace. Additionally, BNB can be accepted as payment at establishments that accept cryptocurrency and can be used to invest in Initial Coin Offerings (ICOs) listed through Binance’s Launchpad program.

Moreover, BNB has been integrated into online services as a payment option, allowing users to utilize BNB for payment of goods and services online, transaction fees on the Binance exchange, and online services on various websites. With its increasing applications and integration into diverse platforms, BNB continues to emphasize its relevance as a useful and flexible cryptocurrency.

Binance Smart Chain (BSC) is a high-performance blockchain network developed for smart contract-based applications, including decentralized exchanges (DEXs) and other DeFi products. It is an additional blockchain to the Binance Chain, aiming to provide lower transaction costs and a platform to create decentralized applications (DApps) and other DeFi products. BNB plays a pivotal role in the Binance Smart Chain ecosystem, acting as the main utility token and fuel for transaction fees.

In the subsequent sections, we will tackle BNB’s central role in the Binance Smart Chain, discussing its usage in transaction fees, staking, and governance. We will also compare Binance Smart Chain to Ethereum, highlighting the advantages BSC offers in terms of transaction speed, cost, and benefits for users and projects.

As a governance token, BNB holders are privileged to participate in the decentralized on-chain governance of Binance Smart Chain. This grants BNB holders the ability to influence the decision-making process and contribute to the network’s consensus mechanism. Overall, BNB’s role in the Binance Smart Chain is crucial for maintaining its functionality, security, and accessibility.

Binance Smart Chain offers several advantages over 

, most notably in terms of transaction speed and cost. With an average block time of approximately 3 seconds, BSC boasts significantly faster transaction speeds compared to Ethereum’s 18 transactions per second. Additionally, BSC’s transaction fees are generally lower than those of Ethereum, making it a more cost-effective option for users.

Binance Smart Chain’s centralized network with 21 validators provides a different level of security and scalability compared to Ethereum’s decentralized network with over 11,000 validators. This has attracted users and projects that prefer faster and cheaper transactions, contributing to BNB’s success and its increasing adoption in the crypto community.

BNB’s tokenomics involve a limited supply and a coin burning mechanism to maintain its value. The coin burning mechanism involves Binance burning a portion of its BNB holdings every quarter, reducing the overall supply and potentially increasing the token’s value. This process is independent and verifiable, with quarterly reports detailing the figures.

BNB has a maximum supply of 200 million tokens. The initial distribution of BNB tokens included allocations for the founding team, angel investors, and a public sale. Furthermore, Binance uses a portion of its profits to repurchase and burn BNB tokens, ensuring an equitable distribution and maintaining a stable value.

By preserving a limited supply and implementing diverse distribution mechanisms, Binance aims to create a sense of scarcity and potentially enhance the value of the remaining tokens. This strategy ensures transparency and equal opportunities when it comes to token distribution, making BNB a more attractive asset for investors and users alike.

 mechanism significantly helps to maintain BNB’s value by reducing the number of coins in circulation. Binance performs quarterly coin burns, with the most recent burn occurring on April 14, 2023, when a total of 2,020,132.25 BNB, valued at approximately $676,744,304 USD, was burned. By reducing the circulating supply, this mechanism helps to increase the value of BNB tokens and burn Binance coins.

Moreover, Binance’s auto-burn mechanism adjusts the number of BNB to be burned according to its price and the number of blocks created on the BNB Smart Chain. This ensures a stable value for BNB and provides a long-term growth strategy for the token. The coin burning mechanism not only maintains BNB’s value but also serves as a unique selling point for the cryptocurrency, setting it apart from other tokens in the market.

Binance has encountered regulatory obstacles in various jurisdictions but is striving for compliance. In recent years, the exchange has encountered allegations of operating an illegal exchange, running unregistered exchanges, and purportedly misrepresenting trading controls and oversight. Despite these challenges, Binance remains optimistic about the regulatory landscape for cryptocurrencies on a global scale.

 faced by Binance and its continuous efforts to comply with local and international regulations. We will highlight the challenges the company has faced in various countries and the proactive measures it has taken to address these concerns.

Binance has been subject to regulatory action in multiple jurisdictions across the world. These include the Cayman Islands, Japan, Malta, the Netherlands, Malaysia, the United Kingdom and Thailand. The company has faced allegations of operating without permission from financial regulators and misrepresenting trading controls and oversight. Additionally, Binance was not licensed, registered, or authorized to operate in Japan, Malta, and the Cayman Islands.

These regulatory challenges have prompted Binance to adapt its operations and seek compliance with local and international regulations. By addressing these issues and working closely with regulators, Binance aims to ensure the continued growth and success of its platform and the BNB token.

Responding to regulatory challenges, Binance has taken proactive measures, like suspending euro transactions and adapting to regulatory changes. The company has also voiced its support for a holistic approach to regulations and demonstrated its commitment to compliance.

Binance has actively sought and obtained licenses in multiple jurisdictions, such as:

BNB can be bought, stored, and traded through various platforms and wallets, such as Bybit. It is essential to understand the process of purchasing, storing, and trading BNB to make the most of this versatile cryptocurrency.

In this section, we will provide a step-by-step guide on purchasing, storing, and trading BNB on different platforms. We will discuss the different options available for purchasing BNB, the most secure wallets for storing your tokens, and the trading pairs and platforms that support BNB trading.

When purchasing BNB, you can choose between placing a market or limit order. A market order will be executed immediately at the best available price, while a limit order lets you specify a price at which the order will be executed or better. No minimum amount is required to purchase BNB on Bybit.

After purchasing BNB, it is important to securely store it in a compatible wallet. Some of the most secure wallets for storing BNB include:

These wallets provide varying levels of security and convenience, so it is crucial to choose one that aligns with your needs and preferences.

When choosing a wallet, weigh the pros and cons of each type. Hot wallets, which are connected to the internet, are more convenient for daily transactions but are less secure. Cold wallets, stored offline, offer greater security but may be less convenient for frequent transactions. By selecting the most suitable wallet for your needs, you can ensure the safe storage of your BNB tokens.

BNB can be traded on Bybit, with numerous trading pairs available. The most popular trading pair for BNB is USDT/BNB.

By understanding the various trading pairs and platforms for BNB trading, you can make educated decisions and optimize your trading strategy. As with any investment, it is essential to conduct thorough research and stay up-to-date with market trends and news to make the most of your BNB trading experience.

Binance Coin (BNB) has established itself as a powerful player in the cryptocurrency ecosystem. Its versatility and utility within the Binance platform, as well as its expanding use cases in payments, investments, and online services, make it a valuable asset for crypto enthusiasts and investors alike. From its beginnings as an ICO to its current status as the native token of the Binance Smart Chain, BNB has shown tremendous growth and potential.

With a solid foundation in its tokenomics, a coin burning mechanism, and proactive efforts towards regulatory compliance, BNB continues to assert its importance in the ever-evolving world of cryptocurrencies. Whether you are new to the world of digital assets or an experienced trader, understanding BNB’s unique features, market position, and utility can open up new opportunities and enhance your cryptocurrency journey.

Binance Coin can be used to invest in stocks, 

 and other assets on different platforms, as well as collateral for loans and to split expenses.

BNB has shown strong performance in the past and is backed by numerous projects and initiatives, making it a potentially profitable long-term investment. However, make sure to assess your own risk tolerance before investing and never invest money you are not willing to lose.

What is the coin burning mechanism for BNB?

BNB holders benefit from Binance's coin burning mechanism, which burns a portion of BNB holdings every quarter and reduces the overall supply, potentially increasing the token's value.

Secure and reliable wallets for storing BNB include Ledger Nano S, Trezor Model T and 

What Is Binance Coin (BNB) and Is It Worth Your Investment?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards