Binance Coin (BNB)
Binance Coin (BNB) - Reviews & Ratings
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|dennis 34 rated: April 12, 2019 05:31:44|
Binance coin is a utility token for one of the largest, most reputable cryptocurrency exchanges in the world. Traders purchase Binance coin to pay fees on trades so the price of this coin usually moves upwards when volume increases.
|Luke B 19 rated: March 23, 2019 06:43:23|
They are the biggest exchange and brand in the crypto space in my eyes! had some shady press lately but thats just ruthless business for you!
|Jeff Kirdeikis 16 rated: March 22, 2019 23:34:50|
Binance is obviously the monolithic force to be reckoned with in crypto. However, Binance has recently been caught extorting information from other projects through leveraging their position as the leading exchange. They are very "legit" but have some less-than-ethical business practices.
|Martin k 18 rated: March 22, 2019 22:43:19|
It's binance, pretty legit as they are one of the biggest exchanges, I'm hoping they create some real utility for this coin as it seems to be for collecting dust and using as a trading pair... Not the most compelling
|Crypto Chick 50 rated: March 11, 2019 09:28:10|
Love my BNB which is making me very happy recently :). CZ is amazing (sorry for fangirling) but he is saving and improving the crypto world with his leadership and Binance programs that aim to help out other crypto projects. Binance is the only exchange I use recently and BNB is great for lowering fees!
|Fiat Daily 107 rated: March 07, 2019 07:40:28|
Apparently one of the best performing coins despite bear market conditions, and against bitcoin it is even making new all time highs since its inception. Technically it is still an ERC20 token used for the fundraise to fund the launch of binance exchange, but they are planning their own native chain as well. It is a utility token that can be used for the following aspects:
- 25% discount on trading fees if paid in BNB (used to be 50%)
- one of the base currencies in the available trading pairs.
- BNB is required for participating in Launchpad which is the new form of ICOs. This could generate a lot of hype, perhaps comparable to what happened to ETH when the ICO hype in 2017 was happening
- BNB will be main trading pair coin on Binance DEX
- Binance is encouraging ERC20 projects to switch to Binance Chain (which although maybe not illegal to do, it certainly is not clean business either, so this is part of the slightly shady score)
- More Binance coin (500) in your account gives right to higher referral fee.
- As said already: trade fee discount with BNB.