-0.07% Bitcoin (BTC) 20691.26 EUR
+1.48% Ethereum (ETH) 1407.37 EUR
+0.25% Litecoin (LTC) 55.99 EUR
-0.33% B-Cash (BCH) 124.77 EUR
+1.58% Ethereum (ETH) 0.0687002 BTC
+0.48% Litecoin (LTC) 0.00273104 BTC
-0.33% B-Cash (BCH) 0.0061004 BTC
-0.80% Bitcoin (BTC) 20291.3545 USDC
+0.64% USD Coin (USDC) 1.01 EUR
-0.73% Bitcoin (BTC) 20296.556 USDT
+0.65% Tether (USDT) 1.01 EUR
-0.49% Chainlink (LINK) 7.96 EUR
-0.44% Chainlink (LINK) 0.00038925 BTC
-0.99% Dogecoin (DOGE) 0.06 EUR
-0.30% Dogecoin (DOGE) 0.00000322 BTC
+2.38% Uniswap (UNI) 7.1 EUR
+2.81% Uniswap (UNI) 0.00034754 BTC
+0.40% Cardano (ADA) 0.44 EUR
+0.46% Cardano (ADA) 0.00002163 BTC
+0.78% Tron (TRX) 0.06 EUR
+0.63% Tron (TRX) 0.00000315 BTC
-0.59% Shiba Inu (SHIB) 0.00001161 EUR
-1.25% Zcash (ZEC) 57.77 EUR
-1.06% Zcash (ZEC) 0.002828 BTC
+1.64% Basic Attention Token (BAT) 0.00001542 BTC
-0.40% TradeFlow (TFLOW) 0.051595 BUSD

Binance Coin (BNB)

What is Binance Coin?

 

There is hardly anyone interested in the world of cryptocurrency who hasn’t heard of Binance – the world’s largest crypto exchange as of 2018.

The exchange keeps on servicing its customers providing buying, selling, trading, and storing options. Since improvement is always a must in the crypto world, now we are witnessing the next step in Binance’s development – the creation of a new cryptocurrency called Binance Coin.

Binance Coin (BNB) is a crypto token that took off as the representative currency of the exchange, but, as of today, serves as any other crypto in the market. It can be easily used to buy Bitcoin, Ethereum, Litecoin, or any other altcoins. Of course, since it’s been initially connected closely with Binance, the Binance customers benefit from big discounts using the token. BNB has been created in 2017 – at first, it used the Ethereum Blockchain, but shortly after has successfully transferred to the Binance native one – the Binance Chain.

 

How does Binance Coin work?

 

The creators of the Binance Coin launched their crypto using the Initial Coin Offering (ICO) by distributing millions of coins to various groups of participants. Half of the overall circulation has been distributed to the public. Binance has since used the collected amount of money for exchange improvement purposes, as well as stashing a reserve for emergencies and various circumstances.

It’s a well-known fact that one of crypto’s most cherished characteristics is its scarcity which ensures its ever-growing value. The Binance Coin is no different – its infamous burning serves its purpose by Binance buying back a certain amount of coins quarterly thus ensuring that the cryptocurrency shall remain finite and its value – high.

 

Benefits of Binance Coin

 

It’s safe to say that customers in possession of BNB face plenty of pros:

  • You can use BNB for trading in various exchanges, as well as for buying different types of cryptocurrency;
  • Binance’s customers use big discounts;
  • Where stated, customers can use BNB for buying and paying for various goods and services in tourism, entertainment, etc.;
  • Customers can use BNB for investment purposes on several investing platforms;

 

How to buy BNB?

 

  1. Create an account.
  2. Verify your identity.
  3. Fund your account and start trading Binance’s BNB on X1.

 

What to do after buying BNB?

 

  • Store/Hold BNB

You can safely store your BNB in your account or your crypto wallet. If you seek to make a major investment in BNB a hardware wallet is the best option for storing.

  • Trade BNB

You can trade BNB for other cryptocurrencies.

  • Send BNB

You can send it to anyone and anywhere.