With a market cap of around $37 billion, Binance Coin (BNB) is the fourth largest cryptocurrency in the digital asset ecosystem after Bitcoin, Ether and USD Tether (USDT). Given its significance, we're thrilled to announce that we're adding BNB to our select list of assets.
This addition isn't just about expanding our portfolio. It marks a significant upgrade of our product offering. From today, Wednesday 23 August 2023, earn up to 6% p.a. on BNB with Yield App’s Earn products. And that’s not all - swap up to $10,000 between BNB and any other asset!
Earn up to 6% on BNB!
Make your crypto assets work harder for you with our new BNB listing. Simply transfer BNB to Yield App, select an Earn product and start earning daily passive income! See the table below for a detailed breakdown of the rates available on BNB.
Please note you can only transfer BNB using the BEP-20 (BNB Smart Chain). We cannot process deposits of ERC-20 (Ethereum) and BEP-2 (BNB Beacon Chain) tokens, and such deposits may lead to a loss of assets.
Grow your wealth with BNB on Yield App
Here’s a quick overview of Yield App’s Earn products for BNB:
Flexible: Redeem crypto anytime.
Earn+: 30-day redemption period for higher rates.
Swap up to $10,000!
Want to exchange another asset to BNB to diversify your portfolio? No problem! Swap up to $10,000 between BNB and any other asset listed on the Yield App platform.
What is BNB?
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange – the largest crypto exchange in the world. BNB was created as a utility token in 2017, but since then its use cases have expanded significantly to encompass gas fees, payment for goods and services, token sales participation and more.
Initially created as an ERC-20 token on the Ethereum network, BNB transitioned to the Binance Chain in 2019 as a BEP-2 token. In September 2020, Binance launched the BNB Smart Chain to run alongside the original Binance Chain, which was renamed BNB Beacon Chain.
As such, the BNB token is now available in three different forms:
BNB BEP-2 on the BNB Beacon Chain
BNB BEP-20 on the BNB Smart Chain
BNB ERC-20 on the Ethereum network
IMPORTANT NOTICE: Our current system only supports the BEP-20 version of BNB. Please do not attempt to transfer BEP-2 or ERC-20 tokens to your Yield App address as they cannot be processed.
Join us on this exciting journey and supercharge your earnings with BNB on Yield App today!
DISCLAIMER: The content of this article does not constitute financial advice and is for informational purposes only. The price of digital assets can go down as well as up, and you may lose all of your capital. Investors should consult a professional advisor before making any investment decisions.