The method of purchase will depend on the needs and capabilities of the market participant. Coins can then be used directly to trade through the exchange. With a bank transfer you can buy BNB on a centralized exchange.At the moment, it is traded not only on its platform, but also on almost every cryptocurrency exchange. Not only does this fight inflation, but it also gives an extra reason to grow. This will continue until a total of 100 million coins is left. But the company has chosen a forward-looking strategy: every quarter, buying back a portion worth 20 percent of its profits from circulation and burning them. The initial issuance was in the amount of 200 million. The ability to exchange into fiat, store in separate wallets, go for a new platform.It can be used to pay for goods and services, part of the trading commissions.Average trading turnover in 2021 crossed the $80 billion mark a day.īNB has shown by its history that it does not depend on the bitcoin trend and can give rise even during the decline of the first cryptocurrency. His patience led to him making the cover of Forbes just four years later as the third on the list of billionaires to get rich because of cryptocurrency.īy 2021, Binance is already an entire empire that has a venture capital division, a charity company, an educational platform, a center for research and a platform for IEO launches. But he didn’t panic, he waited patiently. The coin managed to overtake the major players in the crypto market and take one of the leading positions, also going down in history as the first trading platform to launch its own internal cryptocurrency.Ĭhangpeng Zhao, its founder, bought bitcoins at $600 by selling his house and investing everything in it. The fame enveloped Binance very quickly – in less than six months.
Moreover, there are prerequisites for this.
The superiority of in-exchange currencies lies in the dependence of value on trading volumes.Īnalysts predict that the value of BNB may exceed $700 before the middle of 2022. What prospects await Binance CoinĪt the end of 2021, almost all cryptocurrencies are going through a correction phase in the cryptocurrency market. It allows to reduce the fees for crypto-trading exchanges, and also to receive more referral fees.
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