BNB BNB (Binance Coin) is the native cryptocurrency of Binance, one of the largest cryptocurrency exchanges in the world. BNB was launched in 2017 as a token running on the Ethereum network (ERC-20), but later migrated to its own Binance Chain network.

BNB uses:

Binance trading fees – BNB can be used to pay trading fees at special discounts.

Investment and trading – BNB is traded on many exchanges against other cryptocurrencies.

Payments – It can be used as a means of payment at many stores and businesses that accept cryptocurrencies.

Participation in initial coin offerings (IEOs) – Used to fund new projects on the Binance Launchpad platform.

Smart contracts and decentralized applications (DApps) – Used on the BNB Smart Chain (BSC) network.

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