1 Level
9 Review
5 Karma
Review on Binance Coin by Wagner Looov
Currently, bnb are not only trademarks used exclusively to pay transaction…
Currently, bnb are not only trademarks used exclusively to pay transaction fees but also a digital currency in it's own right.
Instead of paying $ 1,000 for a transaction (which can be pretty fast for real traders), you can use a Binance coin to pay the fee. This makes Binance coins for traders on the Exchange very useful and valuable.
Pros
- Binance Coin is the official token of the exchange created by their current trading engine and can now handle 1.4 million transactions per second. This is much faster than other pa exchanges and explains why many traders in other exchanges switched to Binance. Definitely a golden token to have.
Cons
- the fate of the Binance coin is tightly related to the performance of Binance as an exchange which I find uncomfortable. The prices are pegged to an expectation and not reality.
