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Author Topic: What are the prime Use cases of Binance Coin (BNB) ?  (Read 285 times)

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alicejenifferze

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What are the prime Use cases of Binance Coin (BNB) ?
« on: 23. March 2022., 12:21:28 »

When you enter the world of cryptocurrencies, you inevitably encounter Binance, the world's largest crypto exchange. Reporting 28.6 million active users by the end of 2021, Binance is in its own category by market share, handling over 15% of global cryptocurrency traffic.

First and foremost, Binance Coin (BNB) represents your stake in Binance itself. If you believe that the company is poised to grow even further, this will be reflected in the BNB's price, allowing you to sell it later for a much higher price than when you bought it.

Outside of that, BNB is just like all other cryptocurrencies on other blockchains. You can exchange BNB for any other token available on the Binance exchange. Furthermore, the company incentivizes you to hold BNB because it gives you a discount when you pay your transfer/exchange fees in BNB instead of other currencies.

Likewise, online merchants can opt to choose BNB to pay for their services. This ranges from booking hotels and flights to paying for lottery tickets and gifts. This list has all online platforms where BNB can be used.

Lastly, Binance has its own version of PayPal, called Binance Pay. With BNB in your Binance wallet, users can use them directly to shop at these merchants, without having to make any fiat-crypto conversions.

The Exchange Keep on adding new features and use cases for BNB. Till date, binance proves it as a dominant crypto exchange and many out there are willing to start their own Cryptocurrency just like Binance, with ready-made Binance Clone Script, one can kick start their own Crypto Exchange like Binance.

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What are the prime Use cases of Binance Coin (BNB) ?
« on: 23. March 2022., 12:21:28 »

 

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