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On Binance, a "BNB coin pair" refers to a trading pair where BNB (Binance Coin) is one of the cryptocurrencies involved in the exchange.
To understand it better, think of a trading pair as an exchange rate between two assets. For example, when you see BNB/USDT, it means you are trading the value of BNB against USDT (Tether, a stablecoin pegged to the US dollar). Similarly, BNB/BTC means you are trading BNB against Bitcoin.
Why are BNB coin pairs important on Binance?
BNB is the native cryptocurrency of the Binance ecosystem and has several key utilities, especially within the trading platform:
* Discounts on trading fees: One of the main advantages of using BNB is that you can get significant discounts on trading fees on the Binance exchange if you choose to pay your commissions with BNB. This makes it very attractive for active traders.
* Access to Binance Launchpad: BNB is often a requirement to participate in token sales of new projects through Binance Launchpad, which gives BNB holders the opportunity to invest in emerging projects.
* Payment of fees on BNB Chain: BNB is the main currency for paying transaction fees on the BNB Chain (previously Binance Smart Chain and Binance Chain), where many decentralized applications (dApps), games, and DeFi projects run.
* General uses: In addition to specific uses on Binance, BNB can also be used to pay for goods and services, book travel, etc., on various platforms that accept it.
In summary, when you see a BNB coin pair on Binance, it means you have the option to buy or sell BNB using the other cryptocurrency in the pair, and this often comes with the inherent benefits of holding and using BNB within the Binance ecosystem.
#Pardemonedas
To understand it better, think of a trading pair as an exchange rate between two assets. For example, when you see BNB/USDT, it means you are trading the value of BNB against USDT (Tether, a stablecoin pegged to the US dollar). Similarly, BNB/BTC means you are trading BNB against Bitcoin.
Why are BNB coin pairs important on Binance?
BNB is the native cryptocurrency of the Binance ecosystem and has several key utilities, especially within the trading platform:
* Discounts on trading fees: One of the main advantages of using BNB is that you can get significant discounts on trading fees on the Binance exchange if you choose to pay your commissions with BNB. This makes it very attractive for active traders.
* Access to Binance Launchpad: BNB is often a requirement to participate in token sales of new projects through Binance Launchpad, which gives BNB holders the opportunity to invest in emerging projects.
* Payment of fees on BNB Chain: BNB is the main currency for paying transaction fees on the BNB Chain (previously Binance Smart Chain and Binance Chain), where many decentralized applications (dApps), games, and DeFi projects run.
* General uses: In addition to specific uses on Binance, BNB can also be used to pay for goods and services, book travel, etc., on various platforms that accept it.
In summary, when you see a BNB coin pair on Binance, it means you have the option to buy or sell BNB using the other cryptocurrency in the pair, and this often comes with the inherent benefits of holding and using BNB within the Binance ecosystem.
#Pardemonedas
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#Pardemonedas $ETH
$ETH is the second largest currency by market capitalization 💹 the price of $ETH today is 1.783 the trading volume of Hethereum in the last 24 hours amounts to 14.588 while its current market capitalization is 212.748.
$ETH is the second largest currency by market capitalization 💹 the price of $ETH today is 1.783 the trading volume of Hethereum in the last 24 hours amounts to 14.588 while its current market capitalization is 212.748.
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