How Binance Coin Could Change the Face of Crypto Investing

It feels like we’re in the era of crypto assets, and it wouldn’t be far off to say that this is the age of crypto assets. It started out as an online trading system for Bitcoin, but over time it has become a means of exchange for various types of digital assets. In fact, there are now so many cryptocurrencies that have been invented that it can be difficult to keep track of them all. That’s where Binance Coin (BNB) comes in. Whereas Bitcoin is most famous for being the first cryptocurrency and being one of the most popular ones, Binance coin is an ERC-20 token issued on the Ethereum platform. What this means is that it is similar to other tokens available on the Ethereum network such as Ether (ETH). But unlike other tokens, BNB provides several benefits for users who choose to use it instead of ether. Let’s take a look at how this unique token could impact the face of crypto investing by easing the process of buying into digital currencies.

What is Binance Coin?

Binance Coin (BNB) is an ERC-20 token issued on the Ethereum platform. It is similar to other tokens available on the Ethereum network such as Ether (ETH). But unlike other tokens, BNB provides several benefits for users who choose to use it instead of ETH. The most notable one is the ability for users to take advantage of fee-free trades in markets such as Asian and European stock exchanges.

How Binance Coin Works

Binance Coin (BNB) is a token that is used to buy and sell cryptocurrencies. It is not issued and managed by a company. Rather, it is an open-source software project developed by a group of financial technology (fintech) specialists at Binance Technologies, Inc., a Hong Kong-based company. The project was conceived to bring the best of both the Bitcoin and Ethereum networks to one platform. Binance is the world’s most popular cryptocurrency exchange and one of the largest cryptocurrency brokerages in the world.

Why You Should Buy BNB

In order to buy or sell cryptocurrencies, users make an order through the Binance platform. Once the order is placed, the trading platform matches the order with available coins and tokens being offered by different exchanges. The platform then execution- DEX, as it’s called- takes care of the rest. Users can place orders for all types of digital assets including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and other altcoins. Binance offers a wide range of benefits for its users. The site also acts as an extremely useful tool for first-time cryptocurrency investors. Let’s take a look at how Binance Coin could change the face of crypto investing.

As the number of cryptocurrencies grows and more are invented, the difficulty of keeping track of them all will only increase. That’s where Binance Coin (BNB) comes in. Whereas Bitcoin is most famous for being the first cryptocurrency and being one of the most popular ones, Binance coin is an ERC-20 token issued on the Ethereum platform. What this means is that it is similar to other tokens available on the Ethereum network such as Ether (ETH). But unlike other tokens, BNB provides several benefits for users who choose to use it instead of ETH. The most notable one is the ability for users to take advantage of fee-free trades in markets such as Asian and European stock exchanges.