The returns displayed do not include the fees and expenses that are charged. Please refer to our fees page and additional important disclaimers and risk disclosures.
Binance Coin
What is Binance Coin?
Binance Coin (BNB) is a cryptocurrency that offers a discount in transaction fees on the Binance crypto exchange as an incentive. Since Binance is one of the largest cryptocurrency exchange globally and has its own blockchain, the Binance Smart Chain.
The Binance Smart Chain offers similar features to Ethereum, Cardano and Solana in that it seeks to enable an ecosystem of blockchain-based applications, called Decentralised Apps (DApps), to operate on top of its network.
Binance Coin
What is Binance Coin?
Binance Coin (BNB) is a cryptocurrency that offers a discount in transaction fees on the Binance crypto exchange as an incentive. Since Binance is one of the largest cryptocurrency exchange globally and has its own blockchain, the Binance Smart Chain.
The Binance Smart Chain offers similar features to Ethereum, Cardano and Solana in that it seeks to enable an ecosystem of blockchain-based applications, called Decentralised Apps (DApps), to operate on top of its network.
The returns displayed do not include the fees and expenses that are charged. Please refer to our fees page and additional important disclaimers and risk disclosures.
Why invest?
If the Binance Smart Chain's adoption grows and competes with Ethereum, Cardano and Solana then demand for BNB should increase.
The Binance Smart Chain offers faster transaction times, lower fees and a flexible programming capability. Like Solana, the Binance Smart Chain is giving up a degree of decentralisation to improve transaction speeds.
BNB has multiple use cases. Primarily, holding the token reduces trading fees on Binance's crypto exchange and enables users on the Binance Smart Chain to interact with the network and all the applications built on top of it.
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