What is BNB Coin?
Binance coin is a cryptocurrency launched by the Binance Exchange and trades with a symbol of BNB.BNB initially functioned as a standard ERC-20 on the Ethereum blockchain; in 2020, BNB moved on to the Binance Smart Chain.
Anubha Singh
2 years ago | 1 min read
The Binance Ecosystem is empowered by the BNB. As the original Binance Chain coin, BNB has multiple uses: fuel the chain transactions, payment for Binance Exchange transaction fees, payments in-store, and many more.
Binance Coin (BNB) is a cryptocurrency that can be used on the exchange of Cryptocurrency Binance to trade and pay duties. The Binance Exchange is the world's largest cryptocurrency exchange, facilitating over 1,4 million transactions a second as of January 2018.
Binance Coin was set up in July 2017 and worked with the token ERC-20 on the Ethereum blockchain in the first place, before it became Binance's own blockchain currency, the Binance Chain.
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