1 Level
16 Review
36 Karma
Review on Binance Coin by Hadu KenTiger
I personally use BNB as a tether when the market is pulling back as it is a…
I personally use BNB as a tether when the market is pulling back as it is a safe asset with good use case, , its price has not fallen too much as with the other cryptocurrencies and one of the most important reasons for this must be because many buy it to pay cheaper commissions in their exchange (I personally use it for that) I have been using it since last year and I am very happy since I saved a good amount in fees. It's security measure are well done so we as traders are confident with keeping are funds there and hodling for long time.
Pros
- BNB was the successful ICO by gaining profit amazingly, by this time its price $14 USD from first ICO $0.09 USD. BNB also used on Binance as the market currency beside BTC, USDT, ETH as you know if you owned BNB within Binance its mean you just got 50% trading fee bonus. BNB is a sensational currency of our beloved exchange binance, this currency had an appreciation of over 2000% in a year, and I continue to hope that it will continue to grow and a good job of the developers of binance, the currency is very fast, and In fact you do not pay the fee within the binance this is very cool. This would not only increase the value on Binance coin, but would also give it utility far into the future.
Cons
- There is one distinguishing difference between the two in regards to the way they distribute profits from trading fees. The problem that cryptocurrency exchanges began running into in 2017 is that they couldn’t keep up with the number of transactions as cryptocurrencies became increasingly popular.
