BNB Vs Dogecoin
Build And Build vs Dogecoin, BNB vs DOGE, two established cryptocurrencies that drew huge hype after bursting onto the scene. The two coins have very different origins, with BNB established as the native currency of the Binance crypto exchange and Dogecoin set up as a meme currency that quickly gained popularity and value. Read on to learn about each of the two coins, their similarities and differences and the advantages of each for traders.
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What Is Build And Build?
Before we get into a full BNB vs Dogecoin trading comparison, we will explore each coin individually, starting with Build And Build. It was launched as Binance Coin in July 2017 with an initial coin offering (ICO) in which 200 million BNB tokens were available. Of these, 10% (or 20 million) were offered to angel investors, 40% (or 80 million) to the founding team, and the remaining 50% (100 million) were offered to participants in the ICO process. The funds raised were used for a variety of purposes, including branding, building the platform and upgrading the Binance ecosystem.
When it first launched, Binance Coin ran on the Ethereum blockchain with ERC 20 standard. However, it has since become the native currency of Binance’s own blockchain, the Binance chain. An interesting event that regularly occurs is a BNB burning. Every quarter, Binance uses one-fifth of its profits to repurchase and burn (permanently destroy) BNB tokens. The burn that occurred in April 2021 removed a total of 1,099,888 BNB, worth $595,314,380. This mechanism was later complemented by a “real-time burn”, which burns a portion of the BNB charged in gas fees – the price users must pay for each transaction on BNB’s network.
BNB bounced around the $10 mark for much of its early existence. It was not until the start of 2021 that the coin’s value started to grow. In February 2021, during a crypto bubble, the coin hit an all-time high of $332.62. Then, in May 2021 it spiked again, hitting $675.68. Another crypto bull run in 2025 brought a new all-time high of $1,369. Like all cryptocurrencies, BNB is a volatile asset that’s prone to severe price swings depending on broader market dynamics, and daily price swings of more than 10% are not uncommon.
The primary purpose of BNB was originally to be a utility token, allowing users of the Binance exchange to trade with lower transaction and trading fees. However, the possible uses have since expanded. Many sites accept Binance as a form of payment for services such as accommodation and entertainment. Moreover, through Binance’s Launchpad program, traders can use BNB to invest in new initial coin offerings.
What Is Dogecoin?
BNB vs Dogecoin differ in their origins. DOGE was created in 2013 by Jackson Palmer to satirize the hype surrounding cryptocurrencies. Palmer was a slightly sceptic observer of the new cryptocurrency technology and initial tweets regarding Dogecoin were done tongue-in-cheek, the theme based on a popular meme featuring a Shiba Inu. However, following positive feedback, he pushed on with the venture. Palmer teamed up with Billy Markus, a software developer at IBM. Markus built the software behind Dogecoin, using Litecoin’s Scrypt technology and proof of work system. Initially, rewards for block mining, the process through which transactions are verified, were randomized. However, a static reward was introduced in March 2014. The coin launched on December 6th, 2013 and only two weeks later the value had jumped 300%.
Dogecoin’s popularity and value have grown over the years. Like many cryptos, it benefitted from the 2017 crypto bubble, hitting a peak value of $0.018. Even though the value fell following this, Dogecoin had already built up a loyal fanbase. Dogecoin saw further bumps in value in 2019, particularly when Elon Musk appeared to endorse the coin in a tweet. In May 2021, Dogecoin skyrocketed again, to record highs of around $0.70; it would remain at a fraction of that price before reaching highs of around $0.50 in the next crypto bull run in 2025.
BNB Vs Dogecoin Similarities
The BNB vs Dogecoin trading comparison does throw up some interesting similarities:
How They Are Traded
BNB vs Dogecoin can both be traded on major exchanges including Kraken and Coinbase. Due to the range of exchanges, there are multiple ways to trade each coin. One way is through leverage trading. Kraken offers leveraged trading on select crypto pairs, usually at rates up to 1:5, with 1:10 available for some tokens including DOGE. This allows users to put down a sum of £500 and trade with £2,500, for example. This increases potential winnings but also increases the losses you could incur. As such, many exchanges, including Kraken, offer spot trading too for those not wanting as much risk.
Availability
Both BNB and Dogecoin are established crypto tokens, and as a result they are both available on some well-known and respected crypto exchanges and crypto brokers. However, note that BNB is Binance’s native token, and is therefore most closely tied to that exchange. It is available from highly rated trading brokers like eToro, but it’s not quite as well supported as DOGE, which is very widely supported.
BNB Vs Dogecoin Differences
Utilization
The main difference between DOGE and BNB is in their utilisation, as the tokens serve completely different purposes. While BNB was designed as a utility coin to power transactions and for various other DeFi applications on the Binance Smart Chain, Doge is a meme coin with far more limited uses.
The importance for day traders is that each token’s price movements and trading volume are directly influenced by their usage. BNB is likely to remain relevant as long as Binance remains a popular crypto network, but note that regulatory clampdowns such as the UK Financial Conduct Authority’s 2021 action may impact the price and liquidity. On the other hand, as a memecoin, DOGE’s price action usually reflects social media trends and hype more than any specific usage, and while its price is correlated with the crypto markets at large, it has often been overshadowed newer memecoins or altcoins since its first stratospheric bull run.
Tokenomics
This is one of the main differences between the two crypto tokens, as DOGE is an inflationary token whereas BNB is deflationary. This is by design – there’s no cap on the potential number of Dogecoins, and new coins are added to the supply every minute by miners. Conversely, BNB’s system removes BNB from the supply with every transaction, as well as burning a set number each quarter, making this token deflationary.
Transaction Speed
In terms of the transaction speeds of BNB vs Dogecoin, the former takes the lead. In practice, the Binance network can process hundreds of transactions per second, beating out Bitcoin and Ethereum, which can process 5 and 15, respectively. The Dogecoin network processes one block every minute or around 30 transactions per second. This is still better than the speeds offered by Ethereum and Bitcoin but is significantly slower than those achieved by Binance. Quicker speeds mean that transactions are verified and confirmed sooner, which is ideal when using crypto as a form of payment.
Transaction Fees
Transaction fees is an area that is better with BNB vs Dogecoin. The average transaction fee on the Binance network is often as low as a few cents – one of the lowest fees around. Dogecoin’s average transaction fee has remained similarly attractive, often below $0.10. Even though this is higher than BNB’s fees, it is still very low compared to other popular cryptos.
Mining
Another key difference between BNB and Dogecoin is how their networks are secured. Dogecoin uses a proof‑of‑work system based on Scrypt, where miners run specialised hardware to solve cryptographic puzzles and add new blocks to the chain; this consumes significant electricity and can be costly to participate in. By contrast, BNB Chain uses a Proof of Staked Authority (PoSA) model, in which a limited set of validators stake BNB and take turns producing blocks rather than mining them with energy‑intensive hardware. Proof‑of‑work systems like Dogecoin’s are generally more demanding on energy resources than PoSA or other proof‑of‑stake‑style models used by networks such as Cardano, though even PoSA‑based chains still rely on always‑online infrastructure and can be further optimised for efficiency.
Pros Of BNB For Traders
These are the key benefits of trading BNB vs Dogecoin:
- High value
- High market cap
- Low transaction fees
- Quick transaction speeds
- Regular burns increase the scarcity
- Holding this coin reduces transaction fees on the Binance exchange
- PoSa system is less energy-intensive
Pros Of Dogecoin For Traders
These are the advantages of trading Dogecoin vs BNB:
- Loyal fanbase
- Affordable price
- Widely available from exchanges and crypto brokers, and not heavily linked to one exchange
- Meme origins bring tweets from celebrities that can drive the price up
Final Word
BNB vs Dogecoin pits two interesting but quite different coins against each other. The first was designed to pay transaction fees on the Binance exchange but soon grew to be one of the largest cryptocurrencies around with a range of uses. The second was simply a currency based on a meme that was set up to satirize the cryptocurrency world but developed a loyal fanbase that has driven its value up. Both coins have their advantages and disadvantages and could be worthwhile investments.
FAQs
Is Build And Build Only Available On The Binance Exchange?
No, it is not. BNB is available on several major exchanges and brokers due to its popularity and market cap, though it is most closely associated with Binance.
Is Dogecoin A Serious Cryptocurrency?
Yes, Dogecoin is a serious crypto coin. Despite its meme origins, the coin has established itself as a major player in the decentralized world and is very popular amongst traders.