The fundraiser (ICO) for the Binance platform propelled the value of the BNB upwards at the same rate as the activity of the exchange platform that created it. Good to know: the BNB is also used on the new version of the Binance DEX exchange platform as the only means of payment to cover the transaction fee (0.1 BNB per transaction). Since most won’t want to pay a withdrawal fee to recover this cryptocurrency dust, you might as well convert them into BNB! With one click and at no charge, this tool is very convenient for recovering dust from virtual currencies whose amounts are so small that they would not even cover commission fees. The existence of Binance Coin also allows users of the platform to convert their cryptocurrency ‘pennies’ into BNB. This is a significant asset for small investors who want to keep a close eye on the fees linked to this type of activity! By using this platform-specific token, they benefit from a discount on transaction fees, withdrawal fees and others.
What are the strengths of Binance Coin (BNB)?īuying Binance Coin (BNB) allows members registered on Binance to save money on the platform. Even if some newbies sometimes have trouble getting to grips with the interface, it can be interesting to try to get to know how the platform works, especially thanks to the cryptocurrency that belongs to it, the Binance Coin (BNB). In addition, users are offered quality customer support, while having access to more than 500 cryptocurrencies. Compared to the competition, the fees on the exchange are low (in the order of 0.1% of the amount traded).
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