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Author Topic: Why use Binance Coin??  (Read 5394 times)

Offline Gurujebs

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Re: Why use Binance Coin??
« Reply #60 on: March 07, 2025, 03:56:46 PM »
For now, Binance is indeed the biggest and widely used for trading. They always innovate their projects. And Binance always supports their coin BNB, so we don't need to worry that BNB is also good to hold in this season.
BNB is still the top coin, so there is no doubt to invest in BNB

As a company, they put the people first and thats why they are able to achieved this growth as to date, they remain the number one exchange in the crypto space. They understand crypto marketing more than anyone, they know what people want and they are giving them what they want exactly, the IEO and many other concepts started from them.

If there is any exchange that is capable of dethrone Binance, they need a very smart strategy because right now, there is no any exchange that has that support like Binance because they are everywhere.
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Re: Why use Binance Coin??
« Reply #60 on: March 07, 2025, 03:56:46 PM »

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Offline bitterguy28

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Re: Why use Binance Coin??
« Reply #61 on: March 11, 2025, 11:49:00 AM »
If there is any exchange that is capable of dethrone Binance, they need a very smart strategy because right now, there is no any exchange that has that support like Binance because they are everywhere.
binance is very much the most trusted and most popular among the people hence why other platforms are gonna have to implement features unique and can never be found in binance

in many countries, binance is banned so this can be an opportunity for other platforms to take advantage and take binance’s customers but they are gonna need to surpass how well binance works

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Re: Why use Binance Coin??
« Reply #61 on: March 11, 2025, 11:49:00 AM »

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Re: Why use Binance Coin??
« Reply #62 on: March 11, 2025, 10:49:14 PM »
binance is very much the most trusted and most popular among the people hence why other platforms are gonna have to implement features unique and can never be found in binance
Yep, Binance is still the most favorite and popular exchange in the world. It is quite reasonable that people prefer Binance because it is number 1 CEX and it has varied features. And by holding BNB, we can get few advantages. If there is a special program like Airdrop, BNB holder will get some prizes.

in many countries, binance is banned so this can be an opportunity for other platforms to take advantage and take binance’s customers but they are gonna need to surpass how well binance works
You can use VPN to access Binance. I'm sure people will keep using Binance although few countries ban it. There are many ways to connect us to Binance exchange.

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Re: Why use Binance Coin??
« Reply #63 on: March 13, 2025, 06:06:37 PM »
in many countries, binance is banned so this can be an opportunity for other platforms to take advantage and take binance’s customers but they are gonna need to surpass how well binance works
You can use VPN to access Binance. I'm sure people will keep using Binance although few countries ban it. There are many ways to connect us to Binance exchange.
I'm a user in a country where binance is banned and blocked, but I can still access binance via the Binance mobile app without a VPN,
but if I want to use binance on my desktop then I need to change google DNS 8.8.8.8 to Cloudflare DNS 1.1.1.1 and the problem is solved.

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Re: Why use Binance Coin??
« Reply #64 on: March 14, 2025, 12:13:03 AM »
Many expect big to BNB and that is a natural thing to do because, so far, BNB can always make a good contribution to its holders and rarely do things that are not in accordance with them. Although now many competitors have sprung up that are quite good, I think not a few are still playing with BNB and will wait for things that might be expected so far by giving the latest ATH in the Altseason season.
I think to keep holding it until the right time and that will definitely be BNB.
Indeed, there is always a big hope for BNB, I am also one of those who hope that BNB will continue to rise in the altcoin season later, at least, $ 1k is my hope for ATH this season.

However, all the processes are quite complicated and not easy. At least we know there are some things that make people still believe in BNB.
Starting from CZ, because of Binance, and also its market cap. It's just that now its rival with Solana makes this coin more often compared about how its progress and progress are.
Many of the hopes fall to BNB because, so far, BNB has made a good contribution to its holders. What you say is that BNB will reach its newest ATH well and high. Of course, it can happen, and we just wait for it. Although it must be recognized that there are competitors who are currently also quite good and, because many use it as a network for almost every new project, BNB will be able to maintain it in time to still be valued.

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Re: Why use Binance Coin??
« Reply #65 on: March 14, 2025, 03:23:50 AM »
As far as I know, BNB is used for the Binance exchange platform and is used for transaction fees, trading fees, Pay, etc. which are utilities of BNB. As far as I know, if you use BNB, the trading fee becomes smaller than average.

There are also some users who do not use BNB as a utility on the Binance exchange, maybe there are other needs that make the factor not to use BNB coins, for example, the ease of arbitrage between centralized exchanges or with DEX.
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Re: Why use Binance Coin??
« Reply #66 on: March 15, 2025, 08:11:08 PM »
As far as I know, BNB is used for the Binance exchange platform and is used for transaction fees, trading fees, Pay, etc. which are utilities of BNB. As far as I know, if you use BNB, the trading fee becomes smaller than average.

There are also some users who do not use BNB as a utility on the Binance exchange, maybe there are other needs that make the factor not to use BNB coins, for example, the ease of arbitrage between centralized exchanges or with DEX.
BNB is always supported by binance exchange, this is what makes BNB coins always the top coins and can compete in the top 5 coins.
What you said is right, in trading on binance we need BNB so that the transaction costs are low.
And this is what binance exchange always does to support its coins

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Re: Why use Binance Coin??
« Reply #66 on: March 15, 2025, 08:11:08 PM »


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Re: Why use Binance Coin??
« Reply #67 on: March 18, 2025, 12:57:36 AM »
As far as I know, BNB is used for the Binance exchange platform and is used for transaction fees, trading fees, Pay, etc. which are utilities of BNB. As far as I know, if you use BNB, the trading fee becomes smaller than average.

There are also some users who do not use BNB as a utility on the Binance exchange, maybe there are other needs that make the factor not to use BNB coins, for example, the ease of arbitrage between centralized exchanges or with DEX.
BNB is always supported by binance exchange, this is what makes BNB coins always the top coins and can compete in the top 5 coins.
What you said is right, in trading on binance we need BNB so that the transaction costs are low.
And this is what binance exchange always does to support its coins
Binance can always perform better by providing support to BNB, and it continues to do so that BNB can be accepted as one of the best to date. Many innovations are made at competitive prices, so that BNB will indeed compete with very cheap costs in every trade that occurs and that will give many investors will always be loyal to using it.

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Re: Why use Binance Coin??
« Reply #68 on: March 22, 2025, 11:24:11 PM »
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.
Exactly, even BNB is always in the top CMC ranking, whether it is ranked 5th or 6th, competing very closely with SOL. and so far, BNB has indeed become one of the top altcoins that is indeed very worthy to be traded or for investment. besides because this is indeed a Binance coin, the use case of this coin is also clear, its development is also clear, and its market cap is also high. so yes, even if it is for the short term or long term, the value is still very good.

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Re: Why use Binance Coin??
« Reply #69 on: March 24, 2025, 05:18:15 PM »
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.
Exactly, even BNB is always in the top CMC ranking, whether it is ranked 5th or 6th, competing very closely with SOL. and so far, BNB has indeed become one of the top altcoins that is indeed very worthy to be traded or for investment. besides because this is indeed a Binance coin, the use case of this coin is also clear, its development is also clear, and its market cap is also high. so yes, even if it is for the short term or long term, the value is still very good.
Indeed, binance is very influential on the movement of the BNB, so that BNB is always able to position itself from the best ranking until now, because the reputation of binance that can always provide reinforcement so as not to fall far and can rise again when it has come down and Binance always provides innovations that always provide distribution to BNB.

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Re: Why use Binance Coin??
« Reply #70 on: March 24, 2025, 06:39:53 PM »
I'm a user in a country where binance is banned and blocked, but I can still access binance via the Binance mobile app without a VPN,
but if I want to use binance on my desktop then I need to change google DNS 8.8.8.8 to Cloudflare DNS 1.1.1.1 and the problem is solved.

How is this possible and how can I do this. Is there any implications of doing this on browser? My region is restricted from using Binance, not really ban as we can still use it on phone but the browser need to be access through VPN and I fear the implications of using Binance with vpn so they don't block my account for doing such.

Funny thing is even the Binance web wallet, you can use it on phone and access it on phone and whenever you want to participate in any other tasks and airdrops, a warning message keep coming that you are not allowed to participate because of the country you are using.
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Re: Why use Binance Coin??
« Reply #71 on: March 25, 2025, 09:07:38 AM »
I'm a user in a country where binance is banned and blocked, but I can still access binance via the Binance mobile app without a VPN,
but if I want to use binance on my desktop then I need to change google DNS 8.8.8.8 to Cloudflare DNS 1.1.1.1 and the problem is solved.
How is this possible and how can I do this. Is there any implications of doing this on browser? My region is restricted from using Binance, not really ban as we can still use it on phone but the browser need to be access through VPN and I fear the implications of using Binance with vpn so they don't block my account for doing such.
....


For the Binance application, it can no longer be displayed on the Playstore and is really banned in Indonesia.
The main Binance website is also banned in Indonesia and must use another way to access Binance.

What @taufik123 said is true by using DNS 1.1.1.1 to access the main Binance website.
And for the application on the smartphone, we use an application from my friend who has not been deleted on the smartphone and then the file is extracted and transferred to the new smartphone sent via flash drive or bluetooth.
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Re: Why use Binance Coin??
« Reply #72 on: March 27, 2025, 10:47:32 PM »
Exactly, even BNB is always in the top CMC ranking, whether it is ranked 5th or 6th, competing very closely with SOL. and so far, BNB has indeed become one of the top altcoins that is indeed very worthy to be traded or for investment. besides because this is indeed a Binance coin, the use case of this coin is also clear, its development is also clear, and its market cap is also high. so yes, even if it is for the short term or long term, the value is still very good.
Indeed, binance is very influential on the movement of the BNB, so that BNB is always able to position itself from the best ranking until now, because the reputation of binance that can always provide reinforcement so as not to fall far and can rise again when it has come down and Binance always provides innovations that always provide distribution to BNB.
It is undeniable that the name Binance is still very influential for the development of BNB, because this exchange coin is one of the use cases on the Binance exchange. Binance's big name as a top exchange is also unquestionable and that is why BNB continues to survive and compete closely with Solana. Currently, BNB's position is still above Solana with a market cap of around $91.19B, compared to SOL which turns out to be quite far away, where its market cap is now around $71.15B. And well, that's why BNB remains one of the top altcoins that I believe in for holding, even though it has reached ATH this season, but I really hope to find BNB at $1k in the next altcoin season.

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Re: Why use Binance Coin??
« Reply #73 on: March 31, 2025, 05:39:40 AM »
Exactly, even BNB is always in the top CMC ranking, whether it is ranked 5th or 6th, competing very closely with SOL. and so far, BNB has indeed become one of the top altcoins that is indeed very worthy to be traded or for investment. besides because this is indeed a Binance coin, the use case of this coin is also clear, its development is also clear, and its market cap is also high. so yes, even if it is for the short term or long term, the value is still very good.
Indeed, binance is very influential on the movement of the BNB, so that BNB is always able to position itself from the best ranking until now, because the reputation of binance that can always provide reinforcement so as not to fall far and can rise again when it has come down and Binance always provides innovations that always provide distribution to BNB.
It is undeniable that the name Binance is still very influential for the development of BNB, because this exchange coin is one of the use cases on the Binance exchange. Binance's big name as a top exchange is also unquestionable and that is why BNB continues to survive and compete closely with Solana. Currently, BNB's position is still above Solana with a market cap of around $91.19B, compared to SOL which turns out to be quite far away, where its market cap is now around $71.15B. And well, that's why BNB remains one of the top altcoins that I believe in for holding, even though it has reached ATH this season, but I really hope to find BNB at $1k in the next altcoin season.
The influence of binance, which already has a big name, greatly affects every movement of the BNB and can always make a good contribution and can always be in its best position and if it is down and not long after that, with the mechanism carried out by Binance, BNB is finally able to rise again. So it is true that banance can always affect every BNB movement, so that until now, if there is competition, for example with sol, it will be able to take over again.

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Re: Why use Binance Coin??
« Reply #74 on: April 01, 2025, 12:44:57 PM »
The influence of binance, which already has a big name, greatly affects every movement of the BNB and can always make a good contribution and can always be in its best position and if it is down and not long after that, with the mechanism carried out by Binance, BNB is finally able to rise again. So it is true that banance can always affect every BNB movement, so that until now, if there is competition, for example with sol, it will be able to take over again.
This is correct because Binance is the leading exchange that is associated with trade in BNB tokens. In this regard, and with the increase in its ecosystem and various measures adopted, Binance has always ensured that BNB continues to appeal to the market. Whenever the prices decline, there are various measures they put in place which trigger market recovery and hence a rise in prices. Furthermore, being the world’s largest exchange means that Binance gives support to BNB, which is among those few projects that are relatively immune to competition from other projects. Strategically, and socially, BNB’s supply is continuously adapting; thus, it is as well-positioned to continue living through and evolving with the harshly competitive environment as it expands.

 

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