This means that the coin also follows the rules set down by the community for the Ethereum blockchain. The Binance coin is what’s known as an altcoin, and when it was created it was based on the ERC-20 standard, using the Ethereum network and blockchain. dollar or Bitcoin.Įven so, the use case for the Binance coin is very valuable, and this is why we see the value of the token continue increasing. Binance vs Binance US: An In-Depth Lookīinance coins are tokens used on the Binance platform, so even though they are traded on the open market and their value fluctuates, they are traditionally what you would think of as currency like the U.S.Binance Security Analysis: Is Binance Safe?.Binance App review: Mobile Trading on the Go.How to Sign Up on Binance: A Step-by-Step Guide.We also have in-depth articles and guides covering various aspects of the Binance Exchange that you may find interesting: We have covered it extensively in our Binance Review. That means in less than a year they went from a brand new cryptocurrency exchange to overtake every other exchange and become the top global cryptocurrency exchange, with millions of registered users. What makes that particularly amazing is that the exchange has only just launched in mid-2017 – on Jto be exact. What Is Binance?īefore we can give you any insight into what the Binance coin is, we have to give you a quick overview of the exchange that it was issued by.īinance is currently the largest cryptocurrency exchange on the planet, with nearly $1bn in trading volume every single day. I will also take a look at the long term price potential and growth prospects of BNB. In this Binance coin review, I will give you everything that you need to know. However, is this growth likely to taper off and is BNB still worth using? Adoption on BNB is growing as fast as the exchange itself. A utility token that is used to trade crypto, a development protocol to build dApps and issue tokens, a rewards coin that incentives hodling & spending - the list goes on. Apart from their market expansion they have also been expanding protocol development with their native Binance coin. Binance is breaking ground on numerous fronts.
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