Binance Coin, also called BNB, was founded in 2017 by Changpeng Zhao and Roger Wan and is the native coin of the Binance blockchain. It was initially based on the Ethereum blockchain until 2019 when Binance launched their own blockchain. Similarly to how Ether functions on Ethereum, BNB is used for all operations on Binance. BNB can be used to pay discounted trading fees on the Binance Exchange or to spend regularly like other cryptocurrencies. Watch our video to learn all about this digital asset.
What is Binance coin used for?
Though many believe that Binance Coin is a good investment and one of the safest cryptocurrencies out there (mainly because of its relative stability), no one can say this for certain. Thus, it’s up to you to decide if investing in BNB in 2023 is worth it. That being said, BNB is one of the top utility tokens of 2023.
Is Binance coin a good investment?
Though many believe that Binance Coin is a good investment and one of the safest cryptocurrencies out there (mainly because of its relative stability), no one can say this for certain. Thus, it’s up to you to decide if investing in BNB in 2023 is worth it. That being said, BNB is one of the top utility tokens of 2023.
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