What is Binance Coin (BNB)?

BNB Price Decline Predicted if Coin Is Absent for Binance US | Coinfomania

Binance coin was created with the intent of operating a native crypto asset, called BNB, meant to offer an alternative way to pay for fees charged to traders using the exchange.

BNB can be used to pay Binance’s 0.1% per trade fee in addition to its withdrawal fee, which is charged when users move their cryptocurrencies from the exchange to a private wallet. BNB can also be traded for other cryptocurrencies.

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