What Is Binance (BNB) ?
Binance Coin (BNB) is a cryptocurrency that can be used to trade and pay business fees on the Binance Cryptocurrency Exchange.
Binance Exchange The largest cryptocurrency exchange in the world since January 2018, Binance facilitates the exchange of more than 1.5 million transactions per second.
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The work of binance coins ?
Binance Coins user receive a fee waiver for transactions on the Binance Exchange. In Binance, other cryptocurrencies can be traded and exchanged, such as Bitcoin, Litcoin, Etherium, Dogcoin, etc.
Binance was founded in July 2017 and initially worked on the Ethereum blockchain with Token ERC-20
Binance Coin user Like other emerging cryptocurrencies, Binance Coin offers several uses that go beyond the Binance exchange.
What is the reason for using BNB currency?
Outside of Binance Exchange, Binance Coin has several uses, including: e.g.
✅ Credit card payments can be made.
✅ Payment can be made for travel arrangements.
✅ Buy virtual gifts.
✅ Investment.
✅ Loans and transfers.
✅ Donation.
BINANCE Platfrom Details :
Binance biggest platform in the world. Its trading volumes in July were $455 million, down almost a third from a month earlier amid cooler crypto markets but still No.1 globally, according to data from CryptoCompare.
Binance also leads crypto derivatives trading, with volumes topping $1.4 trillion in July - a 55 per cent share of the overall market.
Binance is headed by Changpeng Zhao, a Canadian known as "CZ". The exchange offers a wide range of services to users across the globe, from cryptocurrency spot and derivatives trading to loans and non-fungible tokens.
