The exchange rate between Binance Coin (BNB) and the Turkish Lira (TRY) is a critical piece of information for traders, investors, and anyone involved in the Turkish cryptocurrency market. This article provides a comprehensive overview of the BNB/TRY pairing, including current market data, conversion tables for various amounts, and essential context for understanding these figures.
Current BNB Market Overview
As of the latest data, the live price of Binance Coin (BNB) is 26,288.1024 TRY. This means that one BNB can be exchanged for approximately twenty-six thousand two hundred eighty-eight Turkish Lira. Conversely, one Turkish Lira can currently purchase about 0.000038 BNB.
The value of BNB has seen some fluctuation recently. Over the past 24 hours, its price has experienced a slight decrease of -0.34%. However, looking at the broader one-week window, it has shown a positive trend with an increase of +2.18%.
With a circulating supply of 140,885,270.84 BNB, the current market capitalization of Binance Coin stands at an impressive ₺3,686,593,637,121.54. This substantial market cap highlights BNB's significant position within the global cryptocurrency landscape.
Detailed BNB to TRY Conversion Table
For practical trading and investment decisions, it's helpful to see conversions for specific amounts. Below is a detailed breakdown of what various quantities of BNB are worth in Turkish Lira.
Converting BNB to TRY
- 0.0004 BNB = 10.51524 TRY
- 0.003 BNB = 78.8643 TRY
- 0.012 BNB = 315.45722 TRY
- 0.0125 BNB = 328.60128 TRY
- 0.02 BNB = 525.76204 TRY
- 1 BNB = 26,288.1024 TRY
- 1.6 BNB = 42,060.96384 TRY
- 4 BNB = 105,152.40961 TRY
- 7 BNB = 184,016.71682 TRY
- 12 BNB = 315,457.22883 TRY
- 16 BNB = 420,609.63845 TRY
- 50 BNB = 1,314,405.12015 TRY
Converting TRY to BNB
It is equally useful to understand how much BNB one can acquire with specific amounts of Turkish Lira.
- 0.0004 TRY = 0.00000001 BNB
- 0.003 TRY = 0.00000011 BNB
- 0.012 TRY = 0.00000045 BNB
- 0.0125 TRY = 0.00000047 BNB
- 0.02 TRY = 0.00000076 BNB
- 1 TRY = 0.00003804 BNB
- 1.6 TRY = 0.00006086 BNB
- 4 TRY = 0.00015216 BNB
- 7 TRY = 0.00026628 BNB
- 12 TRY = 0.00045648 BNB
- 16 TRY = 0.00060864 BNB
- 50 TRY = 0.001902 BNB
BNB Exchange Rates Against Major Global Currencies
The value of Binance Coin is tracked against a wide array of global currencies, providing a broader perspective on its international valuation. This multi-currency view is essential for arbitrage opportunities and global portfolio management.
- 1 BNB to USD: $660.03952
- 1 BNB to EUR: €560.40259
- 1 BNB to BRL: R$3,573.91601
- 1 BNB to GBP: £483.61624
- 1 BNB to INR: ₹56,361.63313
- 1 BNB to KRW: ₩899,592.67222
- 1 BNB to CAD: C$897.27753
- 1 BNB to JPY: ¥95,273.14128
👉 View real-time cryptocurrency tools to monitor these rates as they change.
How BNB Compares to Other Top Cryptocurrencies
Understanding BNB's value is often best achieved through comparison. The following table shows how Binance Coin stacks up against other major digital assets in terms of its value against several fiat currencies, including the Turkish Lira.
| Cryptocurrency | USD | EUR | TRY | INR |
|---|---|---|---|---|
| Bitcoin (BTC) | $108,947.56 | €92,501.27 | ₺4,339,171.55 | ₹9,303,174.17 |
| Ethereum (ETH) | $2,550.99 | €2,165.90 | ₺101,601.03 | ₹217,832.39 |
| Tether (USDT) | $1.00 | €0.84960 | ₺39.85 | ₹85.44 |
| Binance Coin (BNB) | $660.03 | €560.40 | ₺26,288.10 | ₹56,361.63 |
| XRP (XRP) | $2.23 | €1.90 | ₺89.17 | ₹191.19 |
| Solana (SOL) | $150.28 | €127.60 | ₺5,985.63 | ₹12,833.17 |
| Cardano (ADA) | $0.58186 | €0.49402 | ₺23.17 | ₹49.68 |
This comparative analysis clearly illustrates BNB's position as a major cryptocurrency, valued significantly higher than many altcoins but still far below the market leaders, Bitcoin and Ethereum.
Factors Influencing the BNB to TRY Exchange Rate
The price of BNB in Turkish Lira is not determined in isolation. It is the product of two dynamic and volatile markets: the cryptocurrency market and the foreign exchange (Forex) market for the Turkish Lira.
1. Cryptocurrency Market Factors:
- Overall Crypto Market Sentiment: Bullish or bearish trends in Bitcoin often ripple through the entire market, affecting BNB.
- Binance Ecosystem Developments: News related to the Binance exchange, such as new product launches, regulatory news, or token burns, directly impacts BNB's value.
- Supply and Demand: The burning mechanism used by Binance periodically reduces BNB's supply, which can create upward price pressure.
2. Turkish Lira (TRY) Specific Factors:
- Domestic Inflation and Monetary Policy: High inflation rates in Turkey can lead to a depreciation of the TRY against other assets, including cryptocurrencies.
- Local Demand for Crypto: Turkish citizens often turn to cryptocurrencies like BNB as a hedge against local currency volatility and inflation, increasing demand.
- Government Regulations: Any new laws or regulations concerning cryptocurrency ownership or trading in Turkey can significantly impact local demand and thus the BNB/TRY pair.
👉 Explore more strategies for crypto trading in emerging markets.
Frequently Asked Questions
How often does the BNB to TRY exchange rate update?
Cryptocurrency exchange rates are highly fluid and update in real-time, 24 hours a day, seven days a week. The prices change with every executed trade on global exchanges. It's crucial to check a live price feed at the moment of any transaction.
What is the best way to stay updated on BNB prices?
The most effective method is to use a reliable cryptocurrency tracking website or portfolio app that provides real-time price alerts. These platforms aggregate data from multiple exchanges to give you a accurate and current market price for BNB/TRY and other pairs.
Why is it important to check the BNB/TRY rate on multiple platforms?
Different cryptocurrency exchanges may have slightly different prices for BNB due to variations in trading volume, liquidity, and local supply and demand. Checking multiple sources ensures you get a fair market average and can help you find the best available price for your trade.
Can I use a simple formula to calculate BNB to TRY conversions?
Yes, the basic formula is: Amount in TRY = Amount in BNB × Current BNB/TRY Price. For example, to find the value of 5 BNB, you would calculate 5 × 26,288.1024 = 131,440.512 TRY. Always use the most recent exchange rate for accuracy.
Is investing in BNB a good hedge against TRY inflation?
Many investors in countries with high inflation consider cryptocurrencies like BNB as a potential store of value. However, it is vital to remember that cryptocurrencies are themselves highly volatile and carry significant risk. They should only be considered as part of a diversified and well-researched investment strategy.
Disclaimer:
The cryptocurrency market is highly volatile, and prices can change rapidly. You are solely responsible for your investment decisions. The information provided on this platform is for informational purposes only and should not be construed as financial or investment advice. Always conduct your own research and consider consulting with a qualified financial advisor before making any investment.