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Review on Binance Coin by Agrade
Overall, I give BNB a thumbs up. I am an advocate user and i believe theβ¦
Overall, I give BNB a thumbs up. I am an advocate user and i believe the positive outweighs the negative. I am sure users who are ignorant to the "dust" factor learn rather quickly and buy BNB from then on out. The only suggestion i have for improvement is to somehow get rid of or counter the losses that can occur without the BNB.
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Pros
- BNB reduces trading fee's in half. That is very attractive to those who are constantly trading. One of the cheaper exchanges in terms of trading fees for now.
Cons
- A downside is that if this token is not used to pay fees, you will take a fee out of the coin you are trading resulting in what is known as "dust". If the trading fee is taken from let's say 1 cardano(ADA) coin. Instead of 1 ADA coin you now have .997 ADA. The minimum trade amount for lower priced coins is likely 1, which means you are unable to sell the .997 of the ADA coin. You are now left with nearly the full value of the coin that will never be able to be sold. It will forever sit and collect "dust" (However small the amount).
