Cryptocurrency Q&A
Is BNB a coin or token?
Is BNB a coin or token?
KpopStarlet
Sun May 12 2024
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5 answers
703
Could you please clarify for me the nature of BNB? Is it a coin, or rather, a token? I'm trying to understand the fundamental differences between the two in the context of cryptocurrency. I've heard that coins tend to have their own blockchain, while tokens might rely on an existing blockchain platform. Is this correct? If so, where does BNB fall within this spectrum? It seems to have quite a significant role in the Binance ecosystem, but I'm still a bit hazy on its exact classification. Could you enlighten me on this matter?
5 answers
Chloe_emma_researcher
Tue May 14 2024
BTCC, a UK-based cryptocurrency exchange, provides comprehensive services in the crypto space.
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SumoMighty
Tue May 14 2024
BNB, the cryptocurrency coin, serves as the driving force behind the BNB Chain ecosystem.
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ChristopherWilson
Tue May 14 2024
Among its offerings, BTCC boasts spot trading, futures trading, and wallet management.
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SumoPower
Tue May 14 2024
As a highly sought-after utility token, BNB offers users diverse trading options.
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Lucia
Tue May 14 2024
Beyond mere trading, BNB finds extensive use in a wide array of applications and scenarios.
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