💹 What is Binance?

Binance is the world’s largest cryptocurrency exchange, founded in 2017 by Changpeng Zhao (CZ). It allows users to buy, sell, and trade a wide variety of cryptocurrencies. It also offers services like futures trading, staking, savings, and NFTs.

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🪙 What is Cryptocurrency?

A cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates on a blockchain, which is a decentralized network. Unlike traditional currencies, cryptocurrencies are not controlled by governments or central banks.

They are used for:

Peer-to-peer payments

Smart contracts

Decentralized apps (DApps)

Investment and trading

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🌍 Major Coins in Cryptocurrency:

Name Symbol Purpose / Use Case

Bitcoin BTC The first and most valuable crypto, "digital gold"

Ethereum ETH Supports smart contracts and decentralized apps

Binance Coin BNB Used in the Binance ecosystem for trading fees, etc.

Solana SOL Fast and low-cost blockchain for DApps

XRP (Ripple) XRP Designed for fast international payments

Cardano ADA A sustainable blockchain platform

Dogecoin DOGE Started as a meme, now widely used

Polkadot DOT Connects different blockchains together

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