Binance Coin. A good investment or just another Coin?

Kenny Stevens – Cryptocurrency Speculator

Binance Coin?  What is it?

Binance Coin (BNB), created by the Binance exchange, is a very popular cryptocurrency as reported by Trading Education. Binance, by trading volume, is the most popular exchange selling cryptocurrencies, but here at BC Bitcoin we also sell crypto pairs against popular coins on our platform with a seamless service for UK users.

For the first time on 25 July 2017, the ticker symbol of Binance Coin, BNB, had been made available to the public. It was launched on the Ethereum blockchain as an ERC-20 token.

  1. Binance Coin's first ICO raised 15 million and since then it has moved from the Ethereum blockchain to its Mainnet, the Binance Chain. Binance has a cap of 200 million on the number of coins in circulation, which implies it has the potential to surpass Bitcoin in volume.
  2. One Binance Coin is priced at $27.52 at the time of writing. According to CoinMarketCap, the 6th largest cryptocurrency currently has a circulating supply of 155,536,713 and a market capitalization of $4,335,168,385.

Is Binance Coin A Good Investment?

Many assume that the Binance Coin is a secure investment and a strong one. Of course, no one can say this for sure, as with any crypto market investment there can be volatility. It acts as a utility for paying fees on the Binance cryptocurrency exchange in which users experience a reduced fee for using BNB.

Does Binance Coin have the best use case?

Many users post how Binance Coin has potentially one of the best cryptocurrency use cases in the market, when compared to other coins on the market, many of the alternatives lack this.

The main points to remember from this article:

  • Binance Exchange established Binance Coin (BNB). A 25% discount can be received for traders who use this exchange currently.
  • In the future, Binance may also lessen the bargain to 12.5%. If this happens, holdings of Binance Coin may also decrease.
  • Binance Coins showed great performance during 2019-2020. There is no probability of a constant price increase but the mechanics and interest in the coin could keep it moving up.

To Buy and Sell Bitcoin, Binance Coin and other altcoins, head over to BC Bitcoin, the most trusted Bitcoin broker and best website to buy Bitcoin in UK.

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