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Author Topic: Why use Binance Coin??  (Read 5343 times)

sonaa

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Why use Binance Coin??
« on: August 30, 2024, 04:28:05 PM »
The BNB token is used to trade this cryptocurrency, which is used as a utility token to pay for trading fees and lower costs for transactions.  Invest in this coin as this cryptocurrency is predicted to reach new heights.  And it will continue to grow financially in the future,

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Why use Binance Coin??
« on: August 30, 2024, 04:28:05 PM »

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Re: Why use Binance Coin??
« Reply #1 on: August 30, 2024, 07:28:34 PM »
The BNB token is used to trade this cryptocurrency, which is used as a utility token to pay for trading fees and lower costs for transactions.  Invest in this coin as this cryptocurrency is predicted to reach new heights.  And it will continue to grow financially in the future,

        -      It cannot be denied that BnB is one of the best to holds in the long-term; I don't prioritize it right now; Instead, I prioritize other top altcoins that I think I can get better earnings than what is being said you op.

I only buy it when I have coins under the BSC network for the gas fee, but in terms of accumulation there is not yet really. It seems that I would rather hold meme coins that are on the top list than that. Although they have the same risk.

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Re: Why use Binance Coin??
« Reply #1 on: August 30, 2024, 07:28:34 PM »

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Re: Why use Binance Coin??
« Reply #2 on: August 30, 2024, 07:37:58 PM »
The BNB token is used to trade this cryptocurrency, which is used as a utility token to pay for trading fees and lower costs for transactions.  Invest in this coin as this cryptocurrency is predicted to reach new heights.  And it will continue to grow financially in the future,
One of my favorite cryptocurrency coins, BNB has great potential in the future. Therefore, it is not wrong if we recommend this BNB coin to others, because BNB is also a coin that is always one of the TOP coins on Coinmarketcap. The advantage of this coin compared to others is that this coin is supported by the number one exchange, Binance. And even though BNB is an old coin, the transaction fees on this network are still very cheap.

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Re: Why use Binance Coin??
« Reply #3 on: August 30, 2024, 07:46:00 PM »
I don't believe using this as a utility token can increase the price. It's not that simple, IMO. I think having different projects on it and studying the new projects coming up in the BNB chain would bring value to it, and if there are none, it will lose value or remain stable.

In essence, it could be that you can get more money by just having your money invested, but it will take a long time.
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Re: Why use Binance Coin??
« Reply #4 on: August 30, 2024, 09:35:02 PM »
The BNB token is used to trade this cryptocurrency, which is used as a utility token to pay for trading fees and lower costs for transactions.  Invest in this coin as this cryptocurrency is predicted to reach new heights.  And it will continue to grow financially in the future,

BNB is not a token, it's a coin now. You may have to learn the basics first before recommending others where to invest.

Well, it started as token and now it has its own blockchain and mainly viewed as Ethereum killer and for that sake BNB grown a lot in small time frame due to the flaws in the Ethereum network but does this has more potential to grow, that's uncertain though.
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Re: Why use Binance Coin??
« Reply #5 on: August 30, 2024, 11:06:54 PM »
I personally like it because they had some good projects that I admired and that's why I had it. Like for example at some point Pancakeswap was amazing, sure it wasn't the first DEX, but it became so huge, and the reason why it became so huge was there were other projects at binance chain as well, so evidently that meant that having BNB was good since you were spending BNB while using all of those. I still have some CAKE token left, not a huge lot to be fair, just a small number, but that's why I invested into BNB back in the day and I still think that it can be done eventually again.

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Re: Why use Binance Coin??
« Reply #6 on: August 31, 2024, 12:39:19 AM »
BNB if we look from the beginning until now, has made many new changes, even now what they did before has produced very advanced results in the future, now BNB is widely used for trading, transactions and also used as an airdrop network, this is also trending because using the BNB network for airdrops is very cheap and fast so that many new projects use BNB as their network.

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Re: Why use Binance Coin??
« Reply #6 on: August 31, 2024, 12:39:19 AM »


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Re: Why use Binance Coin??
« Reply #7 on: August 31, 2024, 04:33:38 AM »
The BNB token is used to trade this cryptocurrency, which is used as a utility token to pay for trading fees and lower costs for transactions.  Invest in this coin as this cryptocurrency is predicted to reach new heights.  And it will continue to grow financially in the future,
It sounds like you're referring to Binance Coin (BNB). BNB is the native cryptocurrency of the Binance exchange and is used for various purposes within the Binance ecosystem, such as paying trading fees and transaction costs. It's often viewed as having potential for future growth due to Binance'scarries risks, so it's important to do thorough research and consider your financial situation before making any investment decisions.

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Re: Why use Binance Coin??
« Reply #8 on: August 31, 2024, 05:44:13 AM »
My priority why investing in Binance coin because potential increasing higher price for long term and worth it as short term trading because BNB coins easily recovery after going down. But my trading with BNB as long term I get offering with staking and earn new coins from launchpool in Binance exchange, I think hold or investing BNB for long term not only increasing profitable but also have opportunity to earn every launchpool coins when launching at Binance exchange.

Keep buy back BNB coins every week for my long term holding, wish Binance have launchpool event every month to get much increasing profitable.

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Re: Why use Binance Coin??
« Reply #9 on: August 31, 2024, 09:49:28 AM »
OP, BNB is a coin and not a token. So far it has been the binance native coin with a very important and good value in the binance platform. The bnb is used for binance fees and other internal transaction involving the binance and BNB ecosystem. No doubt about the price increase because it has been increasing constantly from the minimum price it used to be to this current price it is now. With your BNB staked or locked on binance launch pool, you can earn more tokens as the case may be. I believe with time, the BNB would grow and appreciate in value than it is now.
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Offline Baofeng

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Re: Why use Binance Coin??
« Reply #10 on: August 31, 2024, 10:07:48 AM »
Instead it is already a coin now because Binance really developed it to be on top, and there are a lot of projects who followed it in 2018 I vividly remembered. And all of them failed because in crypto, it's the prime mover that really took the center spot and not copy cat.

And with that said, I do agree that it's also one best coin to invest and it might reaches a new all time high this bull run. In the top 10 and so very solid and could really be a good investment for the majority of us. It might even reach close to $2k ATH if everything went smoothly for BNB.

Offline Themepen

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Re: Why use Binance Coin??
« Reply #11 on: August 31, 2024, 11:32:45 AM »
My priority why investing in Binance coin because potential increasing higher price for long term and worth it as short term trading because BNB coins easily recovery after going down. But my trading with BNB as long term I get offering with staking and earn new coins from launchpool in Binance exchange, I think hold or investing BNB for long term not only increasing profitable but also have opportunity to earn every launchpool coins when launching at Binance exchange.

Keep buy back BNB coins every week for my long term holding, wish Binance have launchpool event every month to get much increasing profitable.
I also think Binance Coin BNB is good investment for both short term and long term. Its price goes back up quickly after it drops making it good for traders. Also holding BNB for long time gives you extra benefits like earning new coins through Binance Launchpool program.

This means you can earn money without doing much and get more coins. Buying more BNB coins regularly for long term investment can lead to big profits especially if Binance keeps hosting Launchpool events mostly. Overall investing in BNB is good move for those who want to make money both now and in future.

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Re: Why use Binance Coin??
« Reply #12 on: August 31, 2024, 06:24:17 PM »
BNB is the best exchange coin to date for me and maybe it was also the most used coin in paying fees on it's exchange which was suffering restrictions recently which affected it's value but I think it will hit new heights when things are being fixed in the coming years as more and more traders are going to exist and hopefully we can see Binance building trust to countries that ban it's services to deal with them again.

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Re: Why use Binance Coin??
« Reply #13 on: September 01, 2024, 10:15:10 AM »
We know that BNB is one of the best favourite and valuable currency in cryptocurrency market. BNB token is also used for trading to earn best profit, which used to utility token. We also know than if we want to invest in long term in cryptocurrency, i think that BNB is one of the best profitable currency in this time. Because we know that BNB is one of the top in other currency. I also think that BNB transaction fee is very cheap than other currency.
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Offline albon

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Re: Why use Binance Coin??
« Reply #14 on: September 01, 2024, 04:32:33 PM »
BNB coin is a cryptocurrency developed and published by the world leading cryptocurrency exchange binance. Moreover despite being primarily used as a means of paying fees on the Binance exchange, BNB structure as a cryptocurrency allows it to facilitate everyday transactions with coins like Bitcoin, Litecoin, and more. This company is looking to expand its operations to include a variety of services which is why they have included the bnb coin market. You can use bnb in any workplace as per your choice.

 

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