Jump to
Binance Coin FAQ
EUR
Euro
CAD
CAD
Canadian Dollar
AZN
AZN
Azerbaijan Manat
USD
USD
US Dollar
VND
VND
Vietnamese đồng
DKK
DKK
Danish krone
BRL
BRL
Brazilian real
KZT
KZT
Kazakhstani tenge
KRW
KRW
South Korean won
AMD
AMD
Armenian dram
CZK
CZK
Czech koruna
ARS
ARS
Argentine peso
SEK
SEK
Swedish krona
GBP
GBP
Pound sterling
PLN
PLN
Polish złoty
ILS
ILS
Israeli new shekel
SAR
SAR
Saudi riyal
EUR
EUR
Euro
RON
RON
Romanian leu
HKD
HKD
Hong Kong dollar
MDL
MDL
Moldovan leu
NOK
NOK
Norwegian krone
TWD
TWD
New Taiwan dollar
TRY
TRY
Turkish lira
BGN
BGN
Bulgarian lev
BHD
BHD
Bahraini dinar
INR
INR
Indian rupee
CHF
CHF
Swiss franc
MYR
MYR
Malaysian ringgit
NZD
NZD
New Zealand dollar
AUD
AUD
Australian dollar
HUF
HUF
Forint
BNB
Binance Coin
What is Binance Coin, and why is it the talk of the town in crypto circles?
Binance Coin (BNB), the native cryptocurrency of Binance exchange, is the driving fore behind its whole ecosystem. BNB boasts epic practical apps and a dynamic burn mechanism.
How does BNB offer discounts on Binance exchange?
BNB's always got Binance's back! When you use BNB to cover your trading fees, you unlock awesome discounts.
Can I stake BNB for rewards?
Yes! Stake your BNB in Binance Launchpool or savings accounts and watch your yields grow.
What's the deal with BNB's quarterly burns?
Binance burns a portion of BNB's supply each quarter. This way, the network adds scarcity and fuels price appreciation.
How fast are BNB transactions on Binance Smart Chain?
Binance Smart Chain is really fast. It takes a few seconds to complete the transaction, so that BNB is cheaper than its competitors. No more waiting in crypto traffic!
Can I use BNB on other platforms besides Binance?
Sure! BNB's widely accepted on various DeFi platforms and dApps, embracing the crypto cosmos.
What's BNB's role in the Binance Launchpad?
BNB provides an access to exclusive token sales on Binance Launchpad and unlocks hot new projects.
How does BNB impact Binance's ecosystem growth?
BNB powers new ventures and initiatives, so it's just like a jet fuel for Binance's ecosystem expansion.
Can BNB moon in the long run?
With Binance's vision and BNB's utility, reaching the moon is pretty realistic!
How does BNB foster innovation in the crypto space?
Together with BNB, Binance Smart Chain provides developers with support when they are creating new and revolutionary projects in the field of DeFi.
What's the difference between BNB and Binance USD (BUSD)?
The difference is as follows: BNB's a native cryptocurrency of the Binance blockchain, and BUSD's a Binance's US dollar-pegged stablecoin.
Can BNB replace Bitcoin as the king of crypto?
It's unlikely. While Bitcoin's the OG, BNB's got its unique throne as the Binance crypto exchange's heart and soul.
How does BNB impact trading volume on Binance?
BNB's trading pairs attract traders like bees to honey, which definetely boosts Binance's trading volume and market liquidity.
Can BNB be used for remittances?
Yes! BNB's transactions are quick and low-cost, so it's just ideal for cross-border remittances.
What's the future of BNB with Binance Chain 2.0?
Binance Chain 2.0's gives BNB faster speeds and increased smart contract functionalities.
How does BNB contribute to Binance's token ecosystem?
BNB serves as the essential core of Binance's tokenomics. It seamlessly links all the elements within their thriving ecosystem.
Can I use BNB to purchase goods and services?
Indeed! Some merchants accept BNB as payment, making it your crypto debit card — swipe and stack!
Is BNB a sleeping giant in the DeFi space?
With Binance Smart Chain's growth and utility, BNB's gaining momentum in the DeFi arena.
What's the significance of BNB's all-time high prices?
BNB's ATHs not only indicate bullish sentiment but also show Binance's dominance in the crypto exchange field.
Can BNB be used for crowdfunding?
BNB's Launchpad enables crowdfunding for promising projects. It's making opportunities accessible to the entire crypto community.
How does BNB enhance the user experience on Binance?
BNB's got discounts, faster transactions, and access to exclusive features within Binance blockchain.
Can BNB be a bridge between different blockchains?
It can! BNB's cross-chain capabilities act as bridges that link blockchain ecosystems.
Is BNB vulnerable to centralization concerns?
Even though some might question Binance's centralized aspect, BNB's utility and adoption still steal the show.
How does BNB's burning mechanism impact its price?
BNB's deflationary burns add scarcity, acting like a furnace that fuels its price to new heights!
Articles
Binance used only $30M out of $1B Industry Recovery Initiative
Markets
11 October, 2023
Binance used only $30M out of $1B Industry Recovery Initiative
A breakdown of Bloomberg's piece on the exchange's quiet fizzle out.
Binance Labs and Curve partnership
Markets
14 August, 2023
Binance Labs and Curve partnership
$5 million investment for 12.5 million tokens and commitment to the BNB Chain deployment.
What’s up with Binance: is it really going to collapse?
Hype
21 July, 2023
What’s up with Binance: is it really going to collapse?
Let's take a closer look at the regulatory claims and the potential implications of this pressure.