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Author Topic: Why use Binance Coin??  (Read 5369 times)

Offline robelneo

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Re: Why use Binance Coin??
« Reply #30 on: January 18, 2025, 05:28:49 PM »
There maybe a lot of new token and chains coming up but Binance continue to enjoy the trust of the community, the token is back up by a platform used by millions of members.
I have it in my portfolio, and its the one I sometimes trade to Fiat for urgent needs because its fast and the fee is very minimal.
Even if CZ is not in command of Binance now, the project is still moving forward.
 
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Re: Why use Binance Coin??
« Reply #30 on: January 18, 2025, 05:28:49 PM »

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Offline UNIVERSE

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Re: Why use Binance Coin??
« Reply #31 on: January 19, 2025, 04:11:32 PM »
There maybe a lot of new token and chains coming up but Binance continue to enjoy the trust of the community, the token is back up by a platform used by millions of members.
It makes sense if People trust Binance coin because it is backed up by Binance exchange which is the number 1 CEX in the world. As long as Binance exchange is still the most popular CEX, Binance coin will be trusted by all people around the world. But if there is something bad happening with Binance exchange, Binance coin will be declining as well.

I have it in my portfolio, and its the one I sometimes trade to Fiat for urgent needs because its fast and the fee is very minimal.
Even if CZ is not in command of Binance now, the project is still moving forward.
I also have BNB coin in my portfolio. I even still don't take profits on BNB coin. I am sure BNB coin to keep increasing a lot. Anyway, CZ still has a big role on Binance exchange although he is no longer CEO there.


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Re: Why use Binance Coin??
« Reply #31 on: January 19, 2025, 04:11:32 PM »

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Offline yohananaomi

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Re: Why use Binance Coin??
« Reply #32 on: January 20, 2025, 02:33:23 AM »
There maybe a lot of new token and chains coming up but Binance continue to enjoy the trust of the community, the token is back up by a platform used by millions of members.
It makes sense if People trust Binance coin because it is backed up by Binance exchange which is the number 1 CEX in the world. As long as Binance exchange is still the most popular CEX, Binance coin will be trusted by all people around the world. But if there is something bad happening with Binance exchange, Binance coin will be declining as well.
Until now, Binance is still a favorite, because it always provides continuous development so that it can be accepted by many people, and we also know that currently Binance is still the best and is always the target of investors.
If something bad happens to Binance, it seems like they will be able to handle it well and experience has proven that.

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Re: Why use Binance Coin??
« Reply #33 on: January 22, 2025, 02:10:26 PM »
Until now, Binance is still a favorite, because it always provides continuous development so that it can be accepted by many people, and we also know that currently Binance is still the best and is always the target of investors.
If something bad happens to Binance, it seems like they will be able to handle it well and experience has proven that.
Binance CEX has been around for a long time and they have perfected their service quite well thanks to CZ's genius vision. Currently, Binance has captured a large market share of CEXs globally and is continuously expanding into new markets.

BNB coin is accepted and supported on Binance CEX so its value is tied to Binance, although Binance has had to rename it to Build-N-Build to deny the connection. Typically, investors turn to BNB coin to participate in the Binance ecosystem and believe in the future of this ecosystem. In the past, 1 BNB was only worth 0.01 USD in the ICO but now it has a price of nearly 700 USD, which has created wealth for many investors but also brought much regret to those who have sold BNB at low prices or have used a lot of BNB coin to pay transaction fees on Binance CEX :)

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Re: Why use Binance Coin??
« Reply #34 on: January 22, 2025, 07:26:02 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.
Yes BNB is not just a coin it is a chain which is covered by EVM but bsc chain is much preferred by users as transaction fee is very low. And everyone knows that Binance has support behind it. Binance increases its holdings of BNB through Launchpool and thus is able to increase the price of BNB significantly. BNB price at $1k can be seen when alt's bull starts. If you want to say why people use BNB then the answer is that most users use BNB to pay the fees of the chain.  And if you say why people hold BNB then it will be for profit
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Re: Why use Binance Coin??
« Reply #35 on: January 22, 2025, 08:01:17 PM »
There maybe a lot of new token and chains coming up but Binance continue to enjoy the trust of the community, the token is back up by a platform used by millions of members.
I have it in my portfolio, and its the one I sometimes trade to Fiat for urgent needs because its fast and the fee is very minimal.
Even if CZ is not in command of Binance now, the project is still moving forward.
Yes it is main causes Trust. People trust Binance coin so they use it without hesitation. For trust BNB and Busd now huge popular. I think any token Binance lounge that will be popular there has no doubt.

I think previous, present even future which token Binance lounge that will be successful and popular i strongly believe it.
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Offline yohananaomi

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Re: Why use Binance Coin??
« Reply #36 on: January 23, 2025, 03:11:01 AM »
There maybe a lot of new token and chains coming up but Binance continue to enjoy the trust of the community, the token is back up by a platform used by millions of members.
I have it in my portfolio, and its the one I sometimes trade to Fiat for urgent needs because its fast and the fee is very minimal.
Even if CZ is not in command of Binance now, the project is still moving forward.
Yes it is main causes Trust. People trust Binance coin so they use it without hesitation. For trust BNB and Busd now huge popular. I think any token Binance lounge that will be popular there has no doubt.

I think previous, present even future which token Binance lounge that will be successful and popular i strongly believe it.
Everyone already knows that binance is the best now, so that whatever comes out of it can be ascertained to get full support from the binance community which is very large and trustworthy.
So that whatever will be supported by binance can certainly make a good contribution to those who are supported and will always be accepted and will increase well, although they always do good analysis, because many also commit fraud for their benefit because of their great reputation and become the target.

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Re: Why use Binance Coin??
« Reply #36 on: January 23, 2025, 03:11:01 AM »


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Re: Why use Binance Coin??
« Reply #37 on: January 24, 2025, 08:42:41 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.
Yes BNB is not just a coin it is a chain which is covered by EVM but bsc chain is much preferred by users as transaction fee is very low. And everyone knows that Binance has support behind it. Binance increases its holdings of BNB through Launchpool and thus is able to increase the price of BNB significantly. BNB price at $1k can be seen when alt's bull starts. If you want to say why people use BNB then the answer is that most users use BNB to pay the fees of the chain.  And if you say why people hold BNB then it will be for profit
Yes we know BNB is not just a coin, it is also a chain Network. For that It's popularity increasing day by day. And It's fee is very low. Binance coin transaction fees low and very smooth. So i think Binance coin popularity increasing day by day.
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Re: Why use Binance Coin??
« Reply #38 on: January 24, 2025, 10:01:03 PM »
Yes we know BNB is not just a coin, it is also a chain Network. For that It's popularity increasing day by day. And It's fee is very low. Binance coin transaction fees low and very smooth. So i think Binance coin popularity increasing day by day.

Having utility to boost the value of a coin and having blockchain network is two ways to hold a coin, I love how they were able to create different chains and stop here. I remember they used to have BNB CHAIN before they later created BSC chain and now the BSC has been their modus operandi chain because it's cheap and faster EVM than the chain they had in the past.

Meme coins and Defi gave alot of growth to its ecosystem but it seems Solana has taken every trend to its chain but maybe we will have a trend that will make every coin like bnb has a taste of trend too so the coin can grow more because bnb is a good coin to hold.
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Offline vegasus

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Re: Why use Binance Coin??
« Reply #39 on: January 26, 2025, 11:48:12 PM »
Meme coins and Defi gave alot of growth to its ecosystem but it seems Solana has taken every trend to its chain but maybe we will have a trend that will make every coin like bnb has a taste of trend too so the coin can grow more because bnb is a good coin to hold.
Yes, for now, Solana is BNB's toughest competitor, even seen from its market cap and ranking on CMC, both are competing to be at the top. Unfortunately, after the Trump meme coin hype on Solana, and Solana's success in increasing its market cap and volume, Solana is now ranked 5th, taking over its previous position, and leaving BNB's market cap very fast.

However, I personally still choose BNB as one of my long-term investments, as well as SOL, yes, at least I have to be able to take high profits at the bull peak this season.

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Re: Why use Binance Coin??
« Reply #40 on: January 27, 2025, 03:22:48 AM »
Meme coins and Defi gave alot of growth to its ecosystem but it seems Solana has taken every trend to its chain but maybe we will have a trend that will make every coin like bnb has a taste of trend too so the coin can grow more because bnb is a good coin to hold.
Yes, for now, Solana is BNB's toughest competitor, even seen from its market cap and ranking on CMC, both are competing to be at the top. Unfortunately, after the Trump meme coin hype on Solana, and Solana's success in increasing its market cap and volume, Solana is now ranked 5th, taking over its previous position, and leaving BNB's market cap very fast.

However, I personally still choose BNB as one of my long-term investments, as well as SOL, yes, at least I have to be able to take high profits at the bull peak this season.
Solana does benefit from the success of the many meme coins that have emerged from there and, of course, this provides encouragement for Solana to continue to move up, but I am very sure this will not last long, because Binance will certainly not be silent and will provide a surprise so that BNB can return to glory.
I am the same as you because BNB is very good and has been able to survive until now because its contribution is indeed very good for its investors.

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Re: Why use Binance Coin??
« Reply #41 on: January 30, 2025, 02:28:22 PM »
There maybe a lot of new token and chains coming up but Binance continue to enjoy the trust of the community, the token is back up by a platform used by millions of members.
It makes sense if People trust Binance coin because it is backed up by Binance exchange which is the number 1 CEX in the world. As long as Binance exchange is still the most popular CEX, Binance coin will be trusted by all people around the world. But if there is something bad happening with Binance exchange, Binance coin will be declining as well.
Until now, Binance is still a favorite, because it always provides continuous development so that it can be accepted by many people, and we also know that currently Binance is still the best and is always the target of investors.
If something bad happens to Binance, it seems like they will be able to handle it well and experience has proven that.
I agree, Binance is a favorite of crypto lovers, and the best in altcoin after eth , innovation is always present in this network, so there is no reason to leave it

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Re: Why use Binance Coin??
« Reply #42 on: January 30, 2025, 10:38:46 PM »
Yes BNB is not just a coin it is a chain which is covered by EVM but bsc chain is much preferred by users as transaction fee is very low. And everyone knows that Binance has support behind it. Binance increases its holdings of BNB through Launchpool and thus is able to increase the price of BNB significantly. BNB price at $1k can be seen when alt's bull starts. If you want to say why people use BNB then the answer is that most users use BNB to pay the fees of the chain.  And if you say why people hold BNB then it will be for profit
Yes, currently, SOlana is booming and the project is really that good. It means that their market caps are also competing tightly with each other to take over their positions. And if it's a network problem, indeed, both are fast and also have very cheap transaction fees.

And for the price itself, hmmm, BNB is fortunately going up quickly too, yes indeed, this coin exchange is one of the top coins to invest in, even for the long term and short term period.

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Re: Why use Binance Coin??
« Reply #43 on: January 31, 2025, 03:54:42 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.

Obviously, BNB coin has great futures and the potential to grow in near future. As the native token of the Binance exchange, there is no doubt that it will constantly be used for various activities on the exchange like IEOs subscription, staking, trading pairing with other coin/token listed on the exchange.
I think BNB is currently competing with Etheruem, Solana, Ada, Tron etc on the market.

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Re: Why use Binance Coin??
« Reply #44 on: January 31, 2025, 06:23:05 PM »
As the native token of the Binance exchange, there is no doubt that it will constantly be used for various activities on the exchange like IEOs subscription, staking, trading pairing with other coin/token listed on the exchange.
I think BNB is currently competing with Etheruem, Solana, Ada, Tron etc on the market.

I am mentioning that again BNB is not just a native token of Binance anymore, it's been a while it got own blockchain and moved to a level that it act as a competitor of ETH, SOL and every Dapp based blockchain and it has been very successful as well since it happened.
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MIX.NOW
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