Most cryptocurrency enthusiasts have probably heard about Binance, which is one of the top crypto exchanges on the current market. However, not every crypto buyer knows about the existence of Binance Coin, a native digital currency to this website. Binance Coin, or BNB for short, is not a gimmick, but a serious cryptocurrency, which can be used alongside all other reliable cryptos like BTC, Litecoin, Ethereum, and others. In this article, we will cover the key facts about BNB, as well as Binance Coin price and where to purchase or exchange it efficiently.
BNB Binance Coin Main Information
Binance Coin is a crypto developed and issued by Binance owners. Binance is the largest cryptocurrency exchange as of today. At first, BNB was backed by Ethereum blockchain, but that switched back to Binance solutions. This digital currency was launched back in 2017 and its potential limit is two hundred million tokens. The creators of Binance Coin currently hold up to 40% of its tokens.
At first, BNB developers planned to use it as a utility currency for covering discounted trades expenses. However, this crypto started growing and improving. Nowadays BNB is a reliable digital currency that can be used in many places online for buying various services and products. Here are some of its main benefits:
This is a highly liquid crypto, which pairs with more than 400 other cryptocurrencies;
Binance as a trading site has an impeccable reputation, which made it the biggest exchange of today;
BNB developing team monitors it closely to prevent high inflation;
Lower commissions are accessible for Binance Coin users, which is a great deal;
A certain percentage of BNB is burned regularly to maintain the system and ensure the stability and value of this crypto.
Binance exchange users can get the most from utilizing BNB within this ecosystem. It is profitable to simply have a certain amount of Binance Coin stored safely in your digital wallet.
BNB Crypto Buy
If you are looking for places to buy or exchange BNB, the first place that you can visit is the official Binance platform website. In addition, thanks to being a popular and reliable crypto, Binance Coin can be found on numerous other exchanges. P2PB2B features this digital currency as well. There are more than three hundred various cryptos, which means that users can have access to about 700 various trade pairs. BNB is a nice crypto to invest in thanks to the fact it is the currency able to reduce commissions.