What is BNB?
What is BNB for?
1. Trading Discount
2. Binance Coin Burn
3. IEO / Binance Launchpad
BNB holders are allowed to participate in the Binance Launchpad for fundraising events, like token sales and Initial Exchange Offering (IEO).
4. Binance Decentralised Exchange (DEX)
In 2019 Q2, Binance has launched its decentralised exchange which using BNB token as the trading fee.
5. Payments
The currency has also seen adoption in the mainstream world as some goods and services are purchasable using Binance’s token. Some notable partners to note are Crypto.com (VISA card) and PundiX (a payment terminal for merchants).
Where can you purchase BNB?
Like many of the usual cryptocurrencies, you can buy this token via an exchange, OTC like Genesis Block HK, or even at a crypto ATM like CoinHere. If you would like to purchase BNB, feel free to reach out to us at genesisblockhk.com or even locate a crypto ATM here.
How can you store BNB?
BNB is quite simple as it is acceptable by a wide variety of hard and digital wallets. Hard wallets include the famous Ledger and Trezor, and the digital wallets include Edge and Exodus. Hard wallets are often much safer than digital wallets as it is less prone to hackers due to it being a hardware device that stores your currencies. To check out which wallet best fits you check out this article!
What is Binance?
Binance is one of the leading cryptocurrency exchanges that is currently providing trading services for more than 100 different cryptocurrencies. The exchange currently offers both spot and margin trading making it one of the largest cryptocurrency exchanges in the world in terms of trading volume. Binance’s success comes from the notable team, market timing, and product impact.
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