BNB To BTC: Is It The Right Time To Exchange?

If you’re thinking about converting BNB to BTC, you’re likely concerned about timing your move perfectly to maximize your profits. The two cryptocurrencies have very different albeit established market fits and can often move out of sync with one another while much of the market moves in tandem. Indeed, having suffered just 43% year-to-date losses versus BTC’s 56% drop, BNB is currently outperforming the oldest cryptocurrency.

What Is BNB?

BNB is the ecosystem token of the leading crypto exchange platform Binance. The company initially launched the crypto as an ERC-20 asset on the Ethereum blockchain but later made it the native currency of its own blockchain, the Binance Smart Chain.

BNB has a range of utilities. Firstly, it grants holders reduced trading fees on the Binance centralized exchange and can be used to pay for trading fees. Additionally, it is a critical component of various applications on BSC, including the network’s decentralized exchange. Binance also periodically burns BNB supply spent on trading fees, putting greater upward pressure on its price.

Binance Coin Rate Changes

Since its 2017 launch, BNB has had quite a remarkable run. Like most crypto assets, it rallied to its then-all-time high of just under $25 at the start of 2018. During the rest of the year, its price dwindled to a low below $5 by December.

A subsequent price rise took BNB to almost $40 in 2019 but the COVID-19 crash that impacted almost all markets plunged the crypto back below $10 in March 2020. The rally following this move was particularly impressive, and Binance’s ecosystem token rose above $685 in May 2021 and to more than $650 in November.  

Since then, BNB has lost much of its 2021 gains but still trades at $327 — or more than 1,000% above its 2018 all-time high.

Price Prediction

Key price prediction websites vary when it comes to forecasting BNB’s future. estimates that BNB could rally as high as $533, $789, and $1,131 in 2023, 2024, and 2025, respectively.

Versus today’s BNB price, those increases would represent 85%, 174%, and 292% gains. Meanwhile, predicts BNB will fall by a massive 58% over the next six months, 98% over the next year, and 100% by this time in 2027.

BTC Price Prediction

While price prediction sites are in disagreement about BNB’s future, they are universally optimistic about BTCs., for example, estimates BTC will rise as high as $39,000 during 2023, $59,000 in 2024, and $83,000 in 2025. From today’s price, that would mean 95%, 195%, and 315% growth, respectively. predicts the BTC price will increase by 50% over the next six months, 161% over the next year, and more than 1,000% over the next five years.  

Ways to Swap BNB for BTC

Swapping BNB for BTC is very easy. All you need is an account at a trading venue that supports the two assets. Some centralized trading platforms require you to submit a lot of documentation before you can trade so they might not be the best if you’re in a rush.

However, a decentralized cryptocurrency exchange may offer anonymous trading with no signup required. Such platforms are great for the privacy conscious and those wanting to swap crypto assets quickly while not trusting a centralized entity to take custody of their digital currencies.

BNB to BTC: To Swap or Not to Swap?

As we’ve seen, BNB has shown great performance for a lot of its existence. Much of the token’s value derives from its utility providing discounted trading fees to platform users. However, it also has functionality within the Binance Smart Chain. This latter utility has driven a great deal of value to BNB, but it is unclear whether it will continue to do so as Ethereum L2s threaten to take market share from the Binance-created blockchain.

It’s important to remember that much of the bull market activity on BSC was driven by industry newcomers that could not afford the transaction fees on Ethereum. With cheaper Layer-2s constantly coming online, BSC might have a lot less reason to exist in the future — especially given recent controversies surrounding the network’s questionable decentralization. Additionally, Binance might not be the largest exchange in the market in five years, which would greatly shrink BNB demand. These factors likely explain the extremely bearish price prediction we’ve included above.