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What is Binance coin?

Launched in 2017 by the former high-frequency-trading-software developer Changpeng Zhao, binance coin was originally a fork running on the ethereum blockchain before moving to a blockchain owned by Binance, the popular cryptocurrency-trading platform.

Is Binance a decentralized cryptocurrency exchange?

Binance has launched a decentralized crypto exchange, a peer-to-peer crypto trading platform and two parallel blockchains: Binance Smart Chain (BSC) and Binance Chain. According to Binance, the cryptocurrency exchange is the largest in the world based on trading volume. Binance Coin is the cryptocurrency coin that powers the Binance ecosystem.

What will Binance do?

The Binance exchange will release new cryptocurrencies, and the use of Binance coins will offer a convenient trading platform for various virtual tokens. Binance will eventually be the main currency of the decentralized Binance exchange.

How do I invest in Binance coin (BNB)?

If you decide to invest in Binance Coin, follow these steps to get started: 1. Select a Crypto Exchange To buy cryptocurrency, you first need an account with a cryptocurrency exchange—a platform that facilitates crypto trades. Not all crypto exchanges offer BNB trading, so do some homework to find a cryptocurrency exchange that does.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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