Cryptocurrency Q&A
What currency is BNB?
What currency is BNB?
Ilaria
Fri Jan 24 2025
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5
answers
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BNB is a digital currency issued by Binance, a leading cryptocurrency trading platform. It is based on blockchain technology and was initially an ERC-20 token on the Ethereum network. BNB has a total supply of 200 million coins, with 100 million offered during the ICO, and Binance commits to never increasing the supply. This currency can be used for paying fees on the Binance platform with discounts and has various applications within the Binance ecosystem.
5 answers
Valentina
Sun Jan 26 2025
It serves as a digital asset that facilitates trading activities on the prominent Binance exchange.
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Lucia
Sun Jan 26 2025
Binance Coin, or BNB, holds a unique position in the cryptocurrency landscape.
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Carlo
Sat Jan 25 2025
Users of Binance can utilize BNB to execute their transactions seamlessly.
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DondaejiDelightfulCharmingSmile
Sat Jan 25 2025
Additionally, BNB functions as a means to pay for fees associated with various activities on the exchange.
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SsangyongSpirit
Sat Jan 25 2025
This includes trading fees, withdrawal fees, and other operational costs.
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