Buy binance coin9/21/2023 ![]() ![]() The tokens that are in circulation are used primarily by users of the Binance Crypto Exchange for discounted trading.īesides being used to pay for fees on the Binance Exchange, the BNB may also be used to pay for travel and hospitality services, but it does not enjoy the acceptance that other cryptos, such as Bitcoin do in terms of being accepted as a viable alternative to fiat money payments. Unlike other cryptos, BNB tokens cannot be mined, since they have all been pre-mined and distributed at the ICO. How Does Binance Coin Work and What Technology Is Behind It?īNB is built on Ethereum blockchain and uses ERC20 tokens which can store and hold value. Users are thus enabled to save money on their trades through a seamless experience, while the use of a native currency limits real money dependencies for both the exchange and its end users, relieving them from extra charges, time delays and additional burdens. The empowerment of the Binance cryptocurrency platform and helping it establish its own fully sustainable ecosystem were the reasons for the invention of the Binance Coin, since users of the exchange are encouraged and incentivized through discounts and other offers, to use BNB to pay for all the fees they incur when using the Binance crypto exchange. If Binance Coin is a good or a bad investment.Binance used the funds it collected to further develop and better brand and market its exchange, while also making upgrades to its offering.īy the end of the guide, you should know the following: Binance intends to issue a maximum of 200 million BNB tokens and the primary aim of the launch was to finance the operation of its exchange.Īt the time of the BNB Initial Coin Offering, 20 million BNB tokens were available for angel investors, 80 million for the project contributors and the remaining 100 million for any other person who wanted to participate in the ICO. Any investment decision is under the responsibility of the individual.īinance Coin Review and Analysis Binance Coin (BNB) statistics & facts Binance Coin statistics & facts Key figureīinance Coin, denoted by BNB, is the native coin of the Binance cryptocurrency exchange that was launched through an ICO in July 2017. Please note that Cryptocurrency investments are high-risk investments. In the following sections, we will explain the process to buy Binance Coin (BNB) with credit card or debit card in greater detail. Fund your Binance Coin wallet: Pay with your Credit Card or Debit Card and receive your BNB.īuy and sell BNB instantly by signing-up and starting a transaction on one of the suggested trusted crypto brokers on our list - alternatively you can choose a prop firm for crypto trading.Make a Binance Coin wallet - we suggest Zeply wallet.You can Buy Binance Coin with Credit Card or Debit Card in 3 easy steps: Want to jump straight to the answer? According to our experts, Binance Coin (BNB) is a good investment with an investment grade rating of 4.1/5 based on the user behavior, developer activity and market maturity factors that trying to assess the overall health, applicability and probability of growth of the project. ![]()
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