Galaxy Heroes has launched its NFTs marketplace. The marketplace will operate on Binance Smart Chain (BSC) and is freely accessible...
Binance Coin
Binance coin is the native cryptocurrency associated with the Binance blockchain.
It trades with the BNB symbol. Changpeng Zhao founded it in July 2017.
Binance was designed as a utility token that offers discounted trading fees. Still, its use cases have since expanded to include other applications like financial services and travel bookings, among others.
Interestingly, Binance uses one-fifth of its profits each quarter to repurchase and then destroy or ‘burn’ coins held in its treasury to increase BNB’s scarcity and value. BNB is the fourth largest cryptocurrency by valuation as of August 2021.
Is BNB a good investment?
With a valuation of $51.08B, it’s good to look into investing in BNB, mainly because it is a top utility token with multiple advantages over other digital coins.
It is imperative to note that BNB is a high-risk, high reward type of investment, so do your research and proceed with caution if you want to invest in BNB.
How to trade BNB
To trade BNB, you need to open an online trading account, which you can easily do on the main page of the Binance platform, after which you should make a deposit to fund the account.
Once you have funded the account, you can find the BNB coin under the products page and buy it. You can then store your BNB on the Binance exchange or on an external wallet for better security. The platform charges a small withdrawal fee when withdrawing your BNB.
Binance latest news
Following the recent upsurge that brought back bullish Binance Coin price predictions, the price attempted an intraday correction, which the...
Binance Coin (BNBUSD) has bounced back 18% from last week’s sell-off as confidence returns to the crypto markets. The Binance...
BNB is trading below an important trend line. With the cryptocurrency market back under pressure, can the Binance coin price...
Binance exchange has just performed yet another quarterly token burn, dispensing with $400 million worth of tokens. However, this did...
The recovery in the Binance coin price has fallen short at a key level. Momentum has now turned lower, and...
The Binance Coin price is attempting to bounce back. BNB rose from this week’s low of $253 to the current...
The Binance Coin and other major cryptocurrencies endured another day of hard selling, triggering fresh bearish BNB price predictions. In...
The BNB/USDT pair is up 6.12% on the day, with Binance coin looking good to end the day on a...
A Binance Coin price prediction of attainment of new record highs may not be far off, given the stock’s performance...