Everyone has heard of Binance. It is the most often used crypto platform in the world that offers comprehensive functional and convenient tools for traders. It has two interface options – for advanced trading and for beginner level. The platform offers an educational block with charts and useful information. Binance is the largest and the most trusted platform in terms of daily trade volume.
Binance exchange has issued its coin – Binance Coin (BNB). Now that we figured out what is Binance coin let’s talk about it in detail.
Some Facts About Binance Coin
- Initially, BNB based on the Ethereum blockchain. It used to work as a utility token for settlements within the Binance platform and payments for transaction fees. Now Binance has its own blockchain, and BNB is based on it.
- To maintain the BNB treasury, Binance regularly burns some coins.
- The coin has received wide application in different fields: the financial sector, travel, entertainment, goods and services on the Internet, virtual gifts, loans, donates, credit card settlements, etc. You can even buy apartments with BNB.
- BNB is among the top 10 cryptocurrencies on Coinmarketcap. It stands side by side with Ethereum, Tether, USD Coin, Bitcoin, etc.
Binance Coin Price And Where To Buy It
Like the whole crypto market, BNB price shows a downtrend in the summer of 2022. As of mid-July 2022, the pair BNB USDT is traded at $228.72.
If you want to invest in BNB, you can use one of the most credible platforms, for example, WhiteBIT. It is quite easy to become a holder of BNB. This asset is traded in BNB USDT and BNB BTC pairs. Deposit your account with USDT or BTC, or buy BNB using your bank card directly on the exchange. Once you transfer the needed amount to the Trade balance, you can place the order and enter the number of BNB you wish to buy. Pay the fee and receive your coins. It takes a few minutes.