Cryptocurrency Q&A
Do you need BNB before you can make a transaction?
Do you need BNB before you can make a transaction?
HanRiverVisionary
Sat Dec 07 2024
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7 answers
1552
I'm wondering if it's necessary to have BNB in my account before I can proceed with any transaction. Is BNB a requirement for transactions, or can I make them without it?
7 answers
KpopHarmonySoul
Mon Dec 09 2024
Without BNB, users would be unable to complete transactions on the network.
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Silvia
Mon Dec 09 2024
The BNB Smart Chain levies transaction fees which are remunerated to the network using BNB.
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CryptoKnight
Mon Dec 09 2024
The BNB token serves as the medium of exchange for transaction fees on the BNB Smart Chain.
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CryptoTitanGuard
Mon Dec 09 2024
The network relies on BNB to maintain its operational efficiency and security.
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Federico
Mon Dec 09 2024
This requirement signifies that users must possess a certain amount of BNB in their wallets.
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