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Binance Coin
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Binance Coin

Binance coin is the native cryptocurrency associated with the Binance blockchain.
It trades with the BNB symbol. Changpeng Zhao founded it in July 2017.

Binance was designed as a utility token that offers discounted trading fees. Still, its use cases have since expanded to include other applications like financial services and travel bookings, among others.

Interestingly, Binance uses one-fifth of its profits each quarter to repurchase and then destroy or ‘burn’ coins held in its treasury to increase BNB’s scarcity and value. BNB is the fourth largest cryptocurrency by valuation as of August 2021.

Is BNB a good investment?

With a valuation of $51.08B, it’s good to look into investing in BNB, mainly because it is a top utility token with multiple advantages over other digital coins.

It is imperative to note that BNB is a high-risk, high reward type of investment, so do your research and proceed with caution if you want to invest in BNB.

How to trade BNB

To trade BNB, you need to open an online trading account, which you can easily do on the main page of the Binance platform, after which you should make a deposit to fund the account.
Once you have funded the account, you can find the BNB coin under the products page and buy it. You can then store your BNB on the Binance exchange or on an external wallet for better security. The platform charges a small withdrawal fee when withdrawing your BNB.

Binance latest news

BNB Price Prediction: Only a Break of $511 Will Restore Bullish Bias

Cryptocurrencies

BNB Price Prediction: Binance Coin In Danger As Selloff Forces 3% Slide

Cryptocurrencies

BNB Price Prediction: The Trendline Must Hold Firm Above $511 to Preserve Bullish Bias

Cryptocurrencies

Binance Coin Price Consolidates at 100-DMA, Downside risk to $440

Cryptocurrencies

BNB Price Prediction: Room for Additional Correction If $511 Support Breaks Down

Cryptocurrencies

Binance Coin Price Fades as Exchange Withdraws From Singapore

Cryptocurrencies

BNB Price Prediction: Bulls Need to Preserve the 558.1 Support To Stop the Slump

Cryptocurrencies

Binance Coin Price Analysis: Calm Returns, But for How Long?

Cryptocurrencies

BNB Price Prediction: Test Of All-Time Highs Looks Imminent As Bruno Upgrade Kicks In

Cryptocurrencies

BNB Price: Binance Coin’s Strong uptrend Attracts dip-buyers

Cryptocurrencies

Binance Moving to Ireland? BNB Price Predictions Are Not Yet Bullish On This

Cryptocurrencies

BNB Price Prediction: There is Room for Further Correction After Range Trade

Cryptocurrencies
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Trading and investing in financial markets and cryptocurrencies involve high risk, with potential losses exceeding deposits. Content on InvestingCube is for general market commentary only and not investment advice. Risk Disclosure Statement

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