Review on Binance Coin by John Samuel
The major problem of trading with binance coin
Binance Coin- a cryptocurrency issued by Binance exchange, is all the rage these days. With its main use as a utility token for discounted trading fees, payment for transaction fees on Binance.com and the likes, it has been truly helpful to me running a Crypto business, BUT all good things definitely have their bad side. Most people already know about the benefits of BNB, but like every good thing that has a bad side, BNB is not exempted.
Regulators around the world want to take Binance Coin- down
For many years now, regulator's attempt to eliminate BNB will finally come to pass, as there has been complains that BNB operatesas an unlicensed digital asset business.
Binance is very vulnerable to Cyber attacks
Many hackers have set their sights on BNB, and although BNB has tightened security, investors are not as willing because the risks of Cyber attacks are high
There is heavy competition with other efficient Contract cryptos.
Although BNB is an efficient cryptocurrency, there are other Contract cryptos that are overall better than BNB, in terms of security, price, and so on.
Also the price was not favourable for me,unlike bitcoin.
- It is used for payment of transaction fees.
- •It is vulnerable to cyber attacks • Regulators around the world want to take Binance coin down.
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