Because of the current landscape of the crypto world and the progress of Binance, BNB is considered an excellent utility token. Along with its use of making transactions on Binance exchange, you can invest in this coin to earn profit. Moreover, you can also make online purchases such as gift cards, crypto credit card bills, entertainment, travel, and more. So how to get the Free Binance Coin (BNB)? Check this Free BNB earning guide!
Table of Contents
What is Binance Coin (BNB)?
Binance Coin (BNB) is the native cryptocurrency of the Binance Exchange. Initially, it was released as an Ethereum ERC-20 token. However, the coin migrated to a proprietary blockchain, the Binance Chain, and became a BEP2 token.
Released in 2017, the BNB was launched through an ICO that helped fund the operations of the Binance Exchange.
In the beginning, BNB had only a couple of use cases:
- Traders could get trading fee discounts if they paid in BNB.
- It could be used as a means of exchange on the internet.
However, over the years that followed, BNB acquired a lot more use cases, including:
- The ability to participate in IEOs on the Binance Launchpad and get an opportunity to invest in up-and-coming cryptocurrencies.
- Used in the Binance Pay ecosystem to pay for travel arrangements on Tavala.com.
- Pay for gas fees on the Binance decentralized exchange.
And finally, since the release of the Binance Smart Chain (BSC) in September 2020, the BNB coin can be used for:
- Staking to secure the BSC and gain passive income
- Liquidity mining in the BSC Decentralized Finance (Defi) ecosystem.
- Pay for gas fees for deploying smart contracts on the BSC.
All in all, BNB is a great cryptocurrency with multiple use cases and has a lot of potentials to rise in value because of its popularity and usage growth.
Free Binance Coin (BNB) Faucet For You
(1). XFaucets
How To Get Free Binance Coin (BNB) on XFaucets.com?
You will need to have iCoinPay account to receive free Binance Coin (BNB). You may claim from this XFaucets up to 10 times per day, as long as you wait 10 minutes between claims.
- You can claim up to 0.005 Binance Coin (BNB) every 10 minutes for free.
- Referral Rules: Share your referral link with others, and if they successfully register through your link, you can get referral commissions.
- Level 1 – Direct Referrals: 25% each time your Level 1 Users Claim Binance Coin (BNB)
- Level 2 – Invited by your friends: 10% each time your Level 2 Users Claim Binance Coin (BNB)
How To Withdraw The Binance Coin (BNB) I Got?
The free Binance Coin (BNB) obtained at XFaucets.com can be directly withdrawn to the LTC wallet of your iCoinPay account.
Why Can’t I Receive Free Binance Coin (BNB)?
- Ads blocked
If we detect that you have blocked the advertisement, or the advertisement is not displayed in your browser, then you will not be able to receive Binance Coin (BNB) or other crypto currencies. This may be caused by the ad-blocking plug-in or extension that comes with the browser. Please disable your ad-blocking plug-in or add the page to the whitelist. - Browser is not compatible
XFaucets.com currently supports most mainstream browsers, but some browser you are using may not be supported, or you may receive error messages. If so, please try to use other browsers to solve the problem before contacting us.
(2). ClaimFreeXLM
How To Get Free Binance Coin (BNB) on Claimfreexlm.com?
You will need to have iCoinPay account to receive free Binance Coin (BNB). You may claim from ClaimFreeBNB up to 10 times per day, as long as you wait 10 minutes between claims.
- You can claim up to 0.005 Binance Coin (BNB) every 10 minutes for free.
- Referral Rules: 0.0001 Binance Coin (BNB) each time your referrals Users Claim earnings. Share your referral link with others, and if they successfully register through your link, you can get 0.0001 BNB referral commissions each time they claim BNB.
How To Withdraw the Binance Coin (BNB) I Got?
The free bitcoins obtained at ClaimFreeBNB.com can be directly withdrawn to the BNB wallet of your iCoinPay account.
Why Can’t I Receive Free Binance Coin (BNB)?
- Ads blocked
If we detect that you have blocked the advertisement, or the advertisement is not displayed in your browser, then you will not be able to receive Binance Coin (BNB). This may be caused by the ad-blocking plug-in or extension that comes with the browser. Please disable your ad-blocking plug-in or add the page to the whitelist. - Browser is not compatible
Claimfreexlm.com currently supports most mainstream browsers, but some browser you are using may not be supported, or you may receive error messages. If so, please try to use other browsers to solve the problem before contacting us.
Where To Buy BNB Tokens?
- Binance.com — The best platform to trade cryptos
- InvestFeed — Buy BNB on InvestFeed the epicenter for all things cryptocurrency
- Kyber Network — Enabling decentralized token swap everywhere
- Zelaa — Buy BNB at ATMs
- Dether — Buy BNB with cash
- Eidoo — Buy BNB on App
- Coinbates — Get BNB rebates when shopping
Where To Store BNB Tokens?
Once you have acquired the BNB you will need a place to keep them. Of course, you can store them on Binance exchange itself, but there are lots of other different options to choose from.
- Trustwallet.com — Binance official wallet
- Ledger — Secure hardware wallet
- Trezor — Secure Hardware Wallet
- Enjin — Digital Smart Wallet
- Blox.io — Crypto Asset Platform
- Jaxx — Multi-Currency Wallet
- Request — Decentralized Network
- Metalpay — Pay and Store Your Crypto
Where Can I Spend My BNB Tokens?
BNB is basically an ERC-20 Tokens (i.e. a token on the Ethereum network) that is accepted as payment on Binance for trading fees. By using BNB you also get a discount on the fees themselves.
There’s a total of 200 million BNB tokens with the distribution as follows:
- 100 million tokens (50%) were assigned for ICO investors.
- 80 million (40%) belong to the founding team.
- 20 million (10%) were reserved for private angel investors.
In order to maintain the token’s value and make it somewhat deflationary, Binance plans to use 20% of the company’s profit each quarter to buy back BNB tokens until only 100 million BNB will remain on the market. It will then destroy the 100 million BNB they purchased.
In the future, Binance will build a decentralized exchange, where BNB will be used as one of the key assets, and as gas to be spent.