1 Level
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7 Karma
Review on Binance Coin by Aniket Gulek
Overall Binance coin (BNB) is best for Binance exchange Traders as they can…
Overall Binance coin (BNB) is best for Binance exchange Traders as they can save their trade fees by 50% if they pay fees by Binance coin (BNB) to Binance exchange. Also, BNB is having Great market cap and volume so orders of BNB are placed quickly.But as BNB is only listed in Binance exchange so the non-binance user has very limited value.
Updated 5 years ago
Rating changed from 4 to 5
Binance launched their mainnet also they moved from erc20 to their mainnet bep2 blockchain also on bep2 many other blockchain projects moved from erc20 to bep2 binance got massive adoption in 2019
Pros
- Binance coin is the ethereum based ERC20 token. Binance coin (BNB) is the exchange coin of Binance exchange which is in the biggest exchanges in the world. Binance coin allows traders to get 50% discount on any trade in Binance Exchange. Also, the team of the binance coin is very strong and active. Binance coin is acquiring more than 890 Million Dollars and ranked in the top 20 in the crypto market.
Cons
- Binance coin has no major cons but some minor cons like Binance coin (BNB) are only listed in its own exchange Binance. Traders which are not used Binance Exchange then it has very limited value for that traders. Also, as BNB is an exchange coin it has not any unique and special idea about the project, i.e., there is no special usecase of Binance coin.
