Why Binance Coin Is Interesting
The crypto world is hot at the moment, with lots of people looking for ways to get into action. You can’t get crypto on the stock market, neither can you get it from a broker. Cryptocurrencies such as Bitcoin, SOL, Ethereum trade on exchanges such as Binance, Coinbase, etc. Of all the exchanges in the world, Binance is the most popular. It is so big and popular that it has its own native crypto called Binance Coin (BNB). The coin was made so that transactions on the Binance site would be easier and faster.
Low trading fees
For those not familiar with crypto platforms and exchanges, users have to pay specific fees for any transactions they carry out on the exchange. What makes Binance popular is that users pay very low transaction fees in comparison to other exchanges. Users often pay as low as 0.1% to execute trades.
Now, Binance has reduced the already low trading fees by as much as 50% of users pay via the exchange’s native cryptocurrency, Binance Coin (BNB). That means rather than paying 0.1% on trades, users pay 0.05%.
There’s so much to like about BNB. Apart from the trading discount on Binance, it offers fast transactions, it is safe and secure and can be used to trade several varieties of cryptocurrencies
BNB looks like a good investment proposition. Forbes reported in April that the cryptocurrency market passed the $2 trillion mark, with BNB as one of the main driving forces of that incredible growth.
BNB is currently accepted as a currency in the entertainment, travel, and accommodation industry. However, other business platforms are open to accepting it as a means of exchange.
There is so much going for BNB at the moment, and it looks like the coin will continue to rise in the coming years.
However, BNB is not widely accepted as a currency in some industries. Should more industries accept the coin, it is expected that the price will see a surge.
In the end, BNB is another crypto you can invest in. But like other cryptocurrencies, expect lots of price highs and lows as well as drama.