Does Bitcoin Have a *Burn* Mechanism Like BNB's Periodic Burns?

[Chifather247]

Greetings great and wonderful bitcoinlovers I'm a beginner from diving deep into Bitcoin basics lately, and something's been troubling me after reading about other coins,We all know BNB does those quarterly/auto burns,Binance burns some chunks of tokens regularly based on profits and trading volume, reducing supply over time Ethereum burns some gas fees too, making it deflationary sometimes.But what about Bitcoin?  Is there any type of periodic burn mechanism built into BTC? ....Like fees that get destroyed or scheduled burns?

[_act_]

No, bitcoin does not have any burning mechanisms.

The total bitcoin that can be mined is 21 million but no burning mechanism like BNB and ETH. You can decide to burn your BTC by sending the bitcoin to an address that you generated without private key or that you deleted the address private key from existence.

As I am referring to private key, you should know that I am referring to seed phrase also.

Bitcoin that are truly lost also can be considered burned if the public key of the address has not been revealed for quantum computer recovering possibility in the future.

[Felicity_Tide]

Does Bitcoin Have a *Burn* Mechanism Like BNB's Periodic Burns?

Just like the first reply above had said, there is no general burning mechanism other than you sending your own coins to an inaccessible address. There are people who do this intentionally and unintentionally, probably due to mistakes.
Bitcoin supply is very much fixed at 21 million, though it's real time circulatory supply _{(i.e those that are still very much accessible)} should be way less than that because of those coins that are lost and inaccessible.

[coupable]

Does Bitcoin Have a *Burn* Mechanism Like BNB's Periodic Burns?

Just like the first reply above had said, there is no general burning mechanism other than you sending your own coins to an inaccessible address. There are people who do this intentionally and unintentionally, probably due to mistakes.

This is far away from the concept of burning coins. Sending an amount of bitcoin to inaccessible address doesn't mean burning that amount because it still belongs to the total supply of 21,000,000 bitcoins. And once someone find the private key of that called inaccessible address in any possible way, he can get access to the funds. Inaccessible doesn't mean addresses without private keys because this doesn't exist. It means to an address that we don't yet have access to its private key. No burning in bitcoin.

[SilverCryptoBullet]

Bitcoin supply is very much fixed at 21 million, though it's real time circulatory supply _{(i.e those that are still very much accessible)} should be way less than that because of those coins that are lost and inaccessible.

Bitcoin does not have burn mechanism like shitcoins: Ethereum, BNB, ... that were created with massive total supply, even no total supply cap, then their teams tried to use Buy back and Burn programs as tools to hype the market, and attract people to their projects.

Bitcoin blockchain only has lost bitcoins from people who did not make wallet backups, lost their original wallets, had no ability to recovery their wallets, and fortunately lost bitcoins are donation to everyone.

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

[Felicity_Tide]

This is far away from the concept of burning coins. Sending an amount of bitcoin to inaccessible address doesn't mean burning that amount because it still belongs to the total supply of 21,000,000 bitcoins. And once someone find the private key of that called inaccessible address in any possible way, he can get access to the funds. Inaccessible doesn't mean addresses without private keys because this doesn't exist. It means to an address that we don't yet have access to its private key. No burning in bitcoin.

So if I create a new wallet with the intentions of burning a few sats, and I decide to do away with the Private keys, are those addresses still consider to be accessible or inaccessible?. Of course, I'm aware of the theory that talks about the possibility of getting the private keys of an address that doesn't have one, but how many newbies can easily get that concept?.

And I never said the burnt coins doesn't belong to the total fixed supply. What i said was that lost coins reduced the effective supply, which I called the 'real time circulatory supply'. Those are the moveable Coin.

[Joy_learns_crypto]

Greetings great and wonderful bitcoinlovers I'm a beginner from diving deep into Bitcoin basics lately, and something's been troubling me after reading about other coins,We all know BNB does those quarterly/auto burns,Binance burns some chunks of tokens regularly based on profits and trading volume, reducing supply over time Ethereum burns some gas fees too, making it deflationary sometimes.But what about Bitcoin?  Is there any type of periodic burn mechanism built into BTC? ....Like fees that get destroyed or scheduled burns?

No bitcoin does not have any burn mechanism although I don’t know why you are troubled as a bitcoinlover as you claim reading about other coin having a burn mechanism.

Although bitcoin has a periodic event which is the bitcoin halving it takes place every four years and involves a reduced miners block reward.
Since you are diving into bitcoin I recommend you read on bitcoin halving.
https://bitcointalk.org/index.php?topic=5470258.msg62991934#msg62991934
https://bitcointalk.org/index.php?topic=5148536.msg51263913#msg51263913

There are differences between bitcoin halving and burns and the thread under explains well some of the differences between burns and halving.
https://bitcointalk.org/index.php?topic=5470402.msg62997669#msg62997669

[Mpamaegbu]

...and fortunately lost bitcoins are donation to everyone.

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

Honestly, I'm lost with that. How can that be? Can you, or any other person, mind explaining that; since Satoshi isn't around any more?

[coupable]

This is far away from the concept of burning coins. Sending an amount of bitcoin to inaccessible address doesn't mean burning that amount because it still belongs to the total supply of 21,000,000 bitcoins. And once someone find the private key of that called inaccessible address in any possible way, he can get access to the funds. Inaccessible doesn't mean addresses without private keys because this doesn't exist. It means to an address that we don't yet have access to its private key. No burning in bitcoin.

So if I create a new wallet with the intentions of burning a few sats, and I decide to do away with the Private keys, are those addresses still consider to be accessible or inaccessible?. Of course, I'm aware of the theory that talks about the possibility of getting the private keys of an address that doesn't have one, but how many newbies can easily get that concept?.

What I meant is that inaccessible doesn't meant burn. Burn coins in other blockchains means that a portin from the supply vanishes forever and doesn't exist anymore in the main network (can be found in burn address dedicated for the process) and not counted toward the total supply anymore.

And I never said the burnt coins doesn't belong to the total fixed supply. What i said was that lost coins reduced the effective supply, which I called the 'real time circulatory supply'. Those are the moveable Coin.

In this way we can never determine the exact number of effective supply in real time because of how many dormant address we still don't know if they are accessible or not. It's much easier to work with determined total supply.

[Lucius]

...and fortunately lost bitcoins are donation to everyone.

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

Honestly, I'm lost with that. How can that be? Can you, or any other person, mind explaining that; since Satoshi isn't around any more?

Satoshi set the max supply at 21 million coins, and all those coins that are somehow considered lost actually lower that max supply if we take into account that what is lost will never be found/recovered. Therefore, if there is even less of something than it seems, then with constant demand it should be worth a little more than otherwise.

Satoshi set the first example of his theory by never using the coins he mined, so we can say that he had already reduced the coins in circulation by, some say, about 1 million BTC.

[stompix]

...and fortunately lost bitcoins are donation to everyone.

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

Honestly, I'm lost with that. How can that be? Can you, or any other person, mind explaining that; since Satoshi isn't around any more?

Basic supply and demand!
Since there are fewer Bitcoins in circulation but the same demand, each Bitcoin will be worth more.
Oil, Gold, Food....it's the same!

And once someone find the private key of that called inaccessible address in any possible way, he can get access to the funds.

The moment someone "finds" the key of a burner address is the moment the whole ecosystem will be f* beyond recovery!
You're talking here about address collision, if something like this were to happen so early in Bitcoin's history, we've hit a dead end, and no amount of Saylor's memes would be able to patch the damage!

[Rashlyowl]

There is nothing like that in BTC bros @Chifather247, maximum supply is 21,000,000 & it will remain that way forever. You don't need to worry about deflation, there is no mechanical deflation in BTC, but it has natural deflation. Look & read this quote:

Estimating the Number of Lost Bitcoin

As of early 2025, analysts estimate that between 2.3 million and 3.7 million Bitcoins are permanently lost, (Source: Chainalysis), representing approximately 11–18% of Bitcoin’s fixed maximum supply of 21 million coins, with some reports suggesting losses as high as 4 million BTC (Source: Fortune). This impacts the effective circulating supply—while the total mined Bitcoin stands at around 19.8 million BTC, the usable amount is closer to 15.8–17.5 million BTC after accounting for these losses, highlighting a significant reduction in accessible coins despite the unchanged maximum supply of 21 million BTC.

19,992,721 BTC circulating supply you see in Coinmarketcap data is not real, because some are lost, the owner has died or other reasons. The conclusion is that BTC does not have burn mechanism & is not needed. However, the number of BTC will still experience indirect deflation (from several incidents experienced by owners).

[Doan9269]

Since bitcoin has a fixed supply of 21 million bitcoin, there is no need for burning mechanism in it since the network was designed different from how the altcoins were, burning does not occur with bitcoin, because its supply are limited, but we can find out that this occurs with so many alts.

[Cookdata]

Greetings great and wonderful bitcoinlovers I'm a beginner from diving deep into Bitcoin basics lately, and something's been troubling me after reading about other coins,We all know BNB does those quarterly/auto burns,Binance burns some chunks of tokens regularly based on profits and trading volume, reducing supply over time Ethereum burns some gas fees too, making it deflationary sometimes.But what about Bitcoin?  Is there any type of periodic burn mechanism built into BTC? ....Like fees that get destroyed or scheduled burns?

BNB, ethereum and Bitcoin doesn't have the same supply and mechanism.

At Genesis, Bitcoin had 0 supply, which means all coins that you see around today were mined by miners and that has been the generation of all the available Bitcoin you are seeing around today. This will continue until the circulating supply is equal to the maximum supply which brings it to a total of 21 million together. The more blocks are found, the more coins are mine and this get halve every 4 years, this is Bitcoin mechanisms. That said.

Ethereum was proof of work then before they transition to proof of stake. However, there was a difference. Ethereum did ICO then, I think they sold millions to investors and all of this coins wee premine and gradually more  were mine by miners but there wasn't a define rule for miners revenue unlike Bitcoin that has 4 years cycle.
Gradually, they change to proof of stake with burn mechanism where fees are burn when the network is busy but this doesn't stop the maximum supply from increasing, if there is low network usage, there will be less ETH to be burn which means an increase in supply.

BNB has a fixed maximum supply of 200m, the exchange objective was to reduce this circulating supply down to 100m as more bnb are add to the market. The money for this burn is from trading fees, and other utilities that generate revenue for the exchange. The goal was to make maximum supply and circulating supply equal 100m.

I hope this helps you.

[Mpamaegbu]

~

Therefore, if there is even less of something than it seems, then with constant demand it should be worth a little more than otherwise.

Oh, I get it now. I was trying to reason that comment of his from a plain perspective, not knowing it was meant as a paradox. I appreciate your time for clarifying it.

[dkbit98]

Greetings great and wonderful bitcoinlovers I'm a beginner from diving deep into Bitcoin basics lately, and something's been troubling me after reading about other coins,We all know BNB does those quarterly/auto burns,Binance burns some chunks of tokens regularly based on profits and trading volume, reducing supply over time Ethereum burns some gas fees too, making it deflationary sometimes.But what about Bitcoin?  Is there any type of periodic burn mechanism built into BTC? ....Like fees that get destroyed or scheduled burns?

Binance chain is centralized crap with all coins and tokens being able to be frozen, so it can't be compared with bitcoin blockchain.
Bitcoin have limited supply of 21 million, but lot of coins is on Satoshi addresses or it has been lost on other addresses that can be considered as burn addresses.

[BitMaxz]

If this exists in Bitcoin, I'm sure time near the scheduled burn date will make Bitcoin go to the moon while block halving. Demand+supply huge drops = beyond the moon.

But it's impossible to happen since it is a POW algorithm and it only has a 21m fixed amount, and Satoshi doesn't have a plan to change it even in the future.

Only altcoins like Ethereum or BNB have this thing; it also exists on most of the Proof of Stake (POS) coins.

[livingfree]

Bitcoin only has halving and that reduces the miners reward in half every 210,000 blocks. It's different from burning but IMO, that's a better mechanism for Bitcoin and for all of the miners and investors of it.

Only altcoins like Ethereum or BNB have this thing; it also exists on most of the Proof of Stake (POS) coins.

While it's an automatic mechanism for these coins.

Other developers of big projects are also free to implement manual burning through sending to a burning address which was also a common thing in the past.

[nakamura12]

Bitcoin doesn't have burn mechanism like BNB and other crypto with the same mechanism as BNB although you can call all the lost Bitcoin as burned coins since it can no longer be used due to wallet being lost like not having backup or forgot the password or something like that. If you haven't know, there are coins that are lost already so, the coins that are in circulation isn't the same as the total amount of Bitcoin being mined since it's release.

[BitMaxz]

While it's an automatic mechanism for these coins.

Other developers of big projects are also free to implement manual burning through sending to a burning address which was also a common thing in the past.

Actually, it's not burning because it still exists, just like what they do in Bitcoin. They thought that they burned BTC by sending it to a BTC address randomly or sending it to a well-known burn address, but the fact is it is not a burn address; they just called it like that, but the fact is the private key for these burn addresses still exists. If anyone is trying to brute all possible private keys in decades, they might hit these burn addresses.