Binance Coin (BNB), the native coin issued by top exchange Binance, fuels all operations on the Binance exchange and its vast ecosystem. BNB as it’s called is used for exchange fees, listing fees, trading fees, and any other fees found on the exchange. Using BNB for fees gives each user a discount. However, this discount stops after five years. As a result, the BNB token is expected to decrease due to this fee rebate. Yet, Binance has a strategy to combat this deprecation by burning BNB tokens over time, reducing its total supply.
The BNB price on YouHodler is aggregated from several different cryptocurrency exchanges in an attempt to provide the most accurate price possible. YouHodler combines BNB price rates from Binance, Kraken, Huobi, OKEx, and others.
To monitor BNB prices efficiently, we recommend downloading our app for iOS and Android compatible smartphones. This allows you to follow the latest BNB price anytime, anywhere. For real.
The BNB price constantly changes, however, our interest rates are stable as ever. Since 2019, our BNB savings account has featured 3% APR + compounding interest. Stability and reliability are our main ingredients.
There are many useful scenarios for a crypto-backed loan. Use it to hedge your portfolio in the event of a BNB price drop or simply use the growing value of your BNB price as collateral for instant cash. That’s the power of HODL.
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