Cryptocurrency Q&A
What is the BNB in Binance?
What is the BNB in Binance?
SumoHonorable
Wed Mar 05 2025
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6
answers
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BNB is the native cryptocurrency of the Binance ecosystem, initially created to facilitate payment of transaction fees on the Binance exchange with discounted rates. Over time, its utility has expanded, including being used for token sales, IEOs, and other functions within the Binance ecosystem.
6 answers
GangnamGlitzGlamourGloryDays
Fri Mar 07 2025
Binance Coin, also known as BNB, holds a unique position in the cryptocurrency market.
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SejongWisdomKeeper
Fri Mar 07 2025
It serves as a digital asset that can be utilized for trading purposes.
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TaegeukChampion
Fri Mar 07 2025
On the Binance exchange, BNB functions as a medium of exchange for various cryptocurrencies.
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Martino
Fri Mar 07 2025
Moreover, BNB plays a crucial role in facilitating fee payments on the Binance platform.
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CryptoVeteran
Thu Mar 06 2025
Users can opt to pay their trading fees using BNB, which often results in discounts.
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