Binance Coin, or BNB, is a coin belonging to the Binance platform, which is considered one of the most popular cryptocurrencies today, although it was launched in 2017, but it managed to compete and prove its capabilities in a very short time. Binance is one of the most trusted cryptocurrency exchanges, supporting more than 150 digital currencies.
BNB holders can get benefits for trading on Binance platform, most notably the reduction in Binance fees and the BNB token allows you to get a higher return in the referral and loyalty program.
Features of BNB . coin
Binance platform fees: The main reason for the popularity of BNB is that it is used as a way to reduce trading costs and fees. Binance's trading fee is around 0.1%, and by comparison, the Bittrex platform has a conversion fee of 0.25%. And if you use or have BNB in your account, the fee is reduced by 25%. The amount is calculated and reduced automatically by BNB in the wallet, and you can follow the fees via the following link.
In July 2017, 100 million BNB coins were sold as part of the Initial Coin Offering (ICO). Since then, nearly 5 million BNB coins have been bought back and burned by the same platform, reducing the total amount of the coin, contributing to its price hike.
In addition to creating a cryptocurrency trading platform, Binance, the company has also set up a lab and a data and research center. These labs will assist entrepreneurs and investors in financing operations, developing success strategies, and other technical aspects of promoting their business. As for the data center, the company has acquired Coinmarketcap, which enables currency rates to be tracked.
The company also owns a charitable foundation that aims to help make the world a better place through digital currencies and blockchain technology.
How to buy Binance Coin, Coin (Binance (BNB .)
The best option to buy Binance Coin (BNB) is via the Binance platform. The platform allows buying BNB coins with fiat currencies and other cryptocurrencies.
At first, you need to register on the Binance platform. Deposit funds or other cryptocurrencies to complete the purchase.
You can deposit money by credit card, debit card, wire transfer, or some other option.
Reasons why Binance is different from other cryptocurrency exchanges
Since 2018, the Binance platform has become one of the most important platforms for cryptocurrency trading in terms of average trading volume, with a value of more than one billion dollars per day, and now in 2021 this value exceeds 20 billion dollars per day, and it has topped the throne of trading platforms in a short period and this is due to:
It is one of the best cryptocurrency trading platforms and offers the best options for the user as it includes various different languages of the world such as Arabic, English, French and many other languages.
The binance platform is fast in processing as it can process more than 4 million transactions per second.
It is one of the most user-friendly platforms.
This platform is characterized by low fees during withdrawal, deposit and trading.
The platform provides great protection and offers protection systems for the account from hacking operations, and an example of these systems is the two-factor verification feature, which is a method that enables the user to access his account in two different ways.
Supports fast and good customer service to solve users' problems 24 hours a day, 7 days a week.
The platform contains the most famous and most important digital currencies.
The platform includes the digital currency BNB, which is considered a special digital currency and is used in the exchange of digital currencies inside and outside the platform, and it is offered with a total of 200 million pieces.
The Binance platform or the Binance platform and about it
The binance platform was established on July 13, 2017, by the Chinese businessman Changpeng Zhao, and this man is the founder and CEO of the company, and it was launched in China but moved its work to Hong Kong and Japan due to the ban that It was imposed by China on the cryptocurrency trading market in September 2017, and in March of 2018, the company established the Binance platform with offices in Taiwan and Malta.