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What is Binance Coin?

What is Binance Coin?

Binance Coin


What is Binance Coin (BNB)?

As its name suggests, Binance Coin (BNB) is the coin of one of the world’s most popular cryptocurrency exchanges, Binance. BNB is a utility token that traders can buy as an investment but also in order to pay fees on the platforms. Developers also need BNB to power applications built on Binance’s blockchain, the Binance Smart Chain. This is really what separates BNB from all other exchange utility tokens. 

Due to Ethereum’s massive popularity and congestion, developers began to grow impatient with the inefficiency and explore building decentralized applications on other blockchains. Binance Smart Chain instantly became one of the most popular alternatives due to its developer-friendly characteristics. That being said, it’s not all fun and games over at Binance.

Regulators have put Binance and as a result, BNB under intense scrutiny over the past few years and while it’s had little to no effect on BNB’s price, that very well could change in the coming years. For BNB investors, it’s important to always keep an eye on the news and BNB’s price to ensure your investment is not harmed in any way. 

What is the Binance Coin price?

YouHodler aggregates prices from top centralized exchanges to provide an accurate Binance Coin price and charts. 

Where to buy Binance Coin?

The easiest way to buy Binance Coin is to purchase it through a crypto app like YouHodler. Our universal cryptocurrency exchange service lets you convert any crypto, fiat, or stablecoin with competitive fees.

How to earn interest on Binance Coin?

The best way to earn interest on Binance Coin is by depositing it in a YouHodler savings account. Interest payments occur weekly and YouHodler features compounding interest. 

How to take a loan with Binance Coin?

You can get a loan with Binance Coin in stablecoins by depositing your Binance Coin as collateral. YouHodler offers the best rates you can get anywhere. Don’t sell your crypto. Use it as collateral and keep its value for later. 

How to trade Binance Coin?

Leverage market volatility to stack your crypto portfolio and trade Binance Coin with Multi HODL. Multi HODL is a user-friendly tool to take advantage of market swings in either direction. Become an “active HODLer” today.

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