Binance Coin (BNB) is a newcomer to the crypto world, yet it has gone on a bullish run since it was created. The coin was developed by Binance, the largest crypto exchange platform in the world, to serve as a transactional coin across its network.
BNB has done well since its launch, but there are surely lingering questions. This article gives a precise insight into what BINANCE Coin is and how to trade BNB for BTC.
What to Know about Binance Coin (BNB)
What Is Binance?
Binance is a crypto conversion service that has gone from one of the forerunners to the largest in the industry. To put it in perspective, Binance is supported in over 150 countries, and Binance.US alone records an estimated average of $2 billion daily. Binance supports fiat-to-crypto exchanges.
What Is Binance Coin?
Binance Coin is an ICO-funded crypto founded in 2017 to facilitate payments across the Binance network. BNB serves as a digital fuel for the entire Binance ecosystem, and it allows you to save on the payment of fees, earn money for holding an asset, and participate in investment trends.
Uses of BNB
BNB can be used as a payment method for:
