What is Binance Coin (BNB)

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Binance Coin
Image source:Binance Official Site

Binance Coin

Binance Coin is the cryptocurrency produced by Binance, one of the world's largest cryptocurrency exchanges. Binance Coin is abbreviated as BNB. The biggest advantage of Binance Coin is that it charges you 50 percent less commission for the transactions you make on the Binance exchange.

Binance provides its users with a 50% discount in the first year, 25% in the second year, 12.5% ​​in the third year, and 6.75% in the fourth year. The institution thus encourages its users to use BNB.

While the Binance stock market has shown a rapid rise recently, this rise gradually increased the price of Binance Con and managed to attract the attention of more investors. Binance Coin was produced in a total of 200 million units, of which 100 million were sold during the ICO period.

How to buy Binance Coin?

You can only buy Binance Coin using the cryptocurrency exchange Binance.

How much is a binance coin?

While Binance Coin increased by approximately 350 percent in 2021; It broke the historical record by reaching the level of $ 519. BNB is trading at $519 at the time of writing this article (7 August, 2021 Updated).

Binance Coin Chart (till November 2021)

Binance Coin Analysis

Considering how valuable the analysis is for investors, the same value applies to investors in the cryptocurrency world. Those who are considering investing in Binance Coin can also guide their investment decisions by following the analysis and examining the reviews of well-known market analysts.

As in other cryptocurrencies, Binance Coin has started to be talked about more on forum sites, especially after the sharp price rises. On these forum sites, investors discuss their investments by exchanging ideas with other cryptocurrency investors. Binance Coin is also experiencing price fluctuations due to the news about the cryptocurrency world. Investors and investor candidates can make investment decisions by following the developments and news about the cryptocurrency world.

Last updated Dec. 21, 2021