What is Binance coin?

Binance Coin is the cryptocurrency issued by Binance exchange and trades with the BNB symbol. As of Q2 2022, Binance Exchange is the largest cryptocurrency exchange in the world, with a volume of $7.6 billion. 1 Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol.

Are Binance coin (BNB) and Binance USD (BUSD) the same?

Binance Coin (BNB) and Binance USD (BUSD) are not the same. Even though they are both issued by the Binance crypto exchange, they are fundamentally distinct and serve different functions. We will discuss more on BNB below, whereas BUSD is a stablecoin whose value is pegged to the US dollar currency.

What is BNB coin?

BNB Coin is a cryptocurrency that is used primarily to pay transaction and trading fees on the Binance exchange. What Is the BNB Coin Used for? Beyond the Binance exchange, Binance Coin has several uses, including the ability to: What Does Convert to BNB Mean?

Does Binance have a wallet?

However, Binance maintains a standalone software wallet called Trust Wallet, an excellent alternative for storing your BNB coins off the Binance exchange while still retaining access to some of the features offered by Binance through its vast ecosystem. What is Binance Coin used for?