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All Cryptos > Binance Coin (BNB)

Binance Coin (BNB)

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Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name “Binance” is a combination of binary and finance.


Binance Coin (BNB) Pros | 6

Binance is known for its fast transaction processing as well as its low trading fees (0.1%). The Binance technology is capable of processing 1.4 million orders each second.

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Binance has issued its own token, BNB. This token can be used to pay any kind of fees incurred on the exchange. If you pay using BNB, you will receive a discount on the trading fee.

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Dogs are cuuullll.

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Personally, I think that Binance has been the best exchange existing so far, as it is intuitive, reactive, and very good looking both on computers and mobile devices.

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The exchange was created by experienced professionals in the cryptocurrency space, and the most recognizable name behind this project is that of Changpeng Zhao, former CTO at OKCoin.

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Binance Coin (BNB) Cons | 4

Dogs are bbbaaaaaaddddddd...

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after the 5 years of trade discounts and the 50% buyback, the token will have no value unless the third use (decentralized exchange) adds enough value to stand on its own.

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The major problem we have with Binance is that the company is new and the project hasn’t been around long enough to actually prove itself.

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Based in China, so it’s unclear how recent regulatory actions by the Chinese government may impact the exchange

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