Binance Coin: a description of a promising cryptocurrency

Binance Coin is a cryptocurrency created by one of the world s largest cryptocurrency exchanges Binance. The BNB token was released after the ICO trading platform and operates on the Ethereum blockchain. A total of 200 million coins were issued.

Options for using the asset: to pay trading commissions on the trading platform; during sales initiated by the Binance Launchpad; to pay for goods and services at services that accept the BNB token, as well as to support the multifunctional decentralized exchange platform from Binance.

Mining: impossible.

Replenishment: through cryptocurrency exchanges Binance, LBank, Exrates, HitBTC,, Bancor Network, FCoin, ShapeShift and others.

Storage: any wallets that support the ERC-20 standard (MyEtherWallet, Mist, Ledger or Trezor) and directly on the Binance exchange.

Advantages of the system:

  • Positive attitude of the crypto community to the asset
  • Token holders can open and close transactions on the exchange with a reduced commission
  • Using BNB to pay for services (accepted at more than 150 sites)
  • Quick exchange and implementation of operations with cryptocurrency
  • The token has a key role in the projects of the Binance exchange.
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