The Binance Coin price has rolled over in the last few sessions and remains vulnerable to a return to trend...
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...
The Binance Coin price jumped 50% after testing the long term trend, but robust resistance and regulatory troubles may cap...
The Binance coin has recovered the lost ground for the week with a strong bounce off the 328.5 support level....
The Binance Coin price is higher by 3% this morning as bears take profits ahead of the long term trend...
Binance Coin has posted a slight increase on the day after crypto markets staged a general but muted recovery on...
The BNB price is attempting to rebound as investors attempt to buy the dip. The Binance Coin price is trading...
The Binance Coin has appreciated slightly on Tuesday after the Binance exchange announced it would no longer offer derivatives trading...
This Thursday, the Binance Coin is down 1.14% after the exchange said it would drop its decentralized HQ operational model...
The Binance Coin price recovery hit an obstacle yesterday after reaching trend resistance, and today will decide if the bull...