Binance Coin (BNB) is the native cryptocurrency of the Binance decentralized exchange. It is used to trade and pay fees on the exchange. The Binance Exchange is the largest cryptocurrency exchange in the world as of January 2018. Binance Coin was originally created on the Ethereum blockchain with the ERC-20 standard but was then migrated to the Binance Chain. BNBs can be traded for other cryptocurrencies on various exchanges, and used to pay for transactions on the Binance Exchange, and users also receive a discount for doing so. BNB can be the form of payment for crypto credit card bills on Crypto.com. BNB can be used as collateral for loans on certain platforms.
How To Buy Binance Coin or Add it to your Strategy
The fastest, most convenient way to purchase Binance Coin is to purchase it on ICONOMI. We check Binance Coin live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Binance Coin by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Binance Coin is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Binance Coin, we recommend you read the next section, as copying might be a better approach.
Add Binance Coin to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the βtickerβ filter to find out which public Crypto Strategies have Binance Coin in their structure.
