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2. As a Specific Project: OpenLedger (OBITS) and CCEDK
There was a specific project in the crypto space that used this term directly.
Project Name: OpenLedger
Native Token: OBITS (now defunct/rebranded)
Platform: A decentralized crypto exchange (DEX) and financial platform built on top of the Bitshares network.
What was OpenLedger?
OpenLedger was a project by the Danish company CCEDK (Crypto Coin Exchange DK). It was designed to be a gateway between the traditional financial world and the crypto world, offering decentralized trading, asset issuance, and other financial services.
What happened to it?
The project and its OBITS token were eventually rebranded and evolved. The most direct successor is:
Current Name: AppSwap (APP)
What it is: AppSwap is now the native token of a decentralized exchange and DeFi platform on the EOS blockchain. It powers the Appics social media platform and its surrounding economy.
So, if someone is asking about "Open Ledger Coin" as an investment or specific token, they are most likely referring to this older project, whose token is now known as APP (AppSwap).
#OpenLedger
There was a specific project in the crypto space that used this term directly.
Project Name: OpenLedger
Native Token: OBITS (now defunct/rebranded)
Platform: A decentralized crypto exchange (DEX) and financial platform built on top of the Bitshares network.
What was OpenLedger?
OpenLedger was a project by the Danish company CCEDK (Crypto Coin Exchange DK). It was designed to be a gateway between the traditional financial world and the crypto world, offering decentralized trading, asset issuance, and other financial services.
What happened to it?
The project and its OBITS token were eventually rebranded and evolved. The most direct successor is:
Current Name: AppSwap (APP)
What it is: AppSwap is now the native token of a decentralized exchange and DeFi platform on the EOS blockchain. It powers the Appics social media platform and its surrounding economy.
So, if someone is asking about "Open Ledger Coin" as an investment or specific token, they are most likely referring to this older project, whose token is now known as APP (AppSwap).
#OpenLedger
$ETH /USDT LONG TRADE SIGNAL –
Entry Price: $4,300.11
Target 1: $4,350
Target 2: $4,400
Final Target: $4,500
Stop
Loss: $4,270 #ETH
Follow FarazAziz
Entry Price: $4,300.11
Target 1: $4,350
Target 2: $4,400
Final Target: $4,500
Stop
Loss: $4,270 #ETH
Follow FarazAziz
"Open Ledger Coin" is not the name of a single, specific cryptocurrency. Instead, it's a descriptive term that can refer to two main things:
A General Category of Cryptocurrencies
A Specific, Lesser-Known Cryptocurrency (now rebranded)
Let's break down both meanings in detail.
1. As a General Category: "Open Ledger" Coins
In its broadest sense, an "open ledger coin" is any cryptocurrency that operates on a public, decentralized, and permissionless blockchain.
Key Characteristics:
Transparency (Open): The ledger (record of all transactions) is public and can be viewed by anyone. You can see every transaction that has ever happened on networks like Bitcoin or Ethereum using a block explorer.
Decentralization: The ledger is not controlled by any single entity (like a bank or government). It is maintained by a distributed network of computers (nodes) around the world.
Permissionless: Anyone can participate. You can download the software, run a node, send transactions, and (in many cases) help validate transactions (mine or stake) without needing approval from a central authority.
Prominent Examples of "Open Ledger Coins":
Bitcoin (BTC): The original and most famous open ledger. Its sole purpose is to be a peer-to-peer electronic cash system.
Ethereum (ETH): A more advanced open ledger that introduced smart contracts, allowing for decentralized applications (dApps) to be built on top of it.
Litecoin (LTC), Bitcoin Cash (BCH), and thousands of other altcoins all fall into this category.
The opposite would be a closed or permissioned ledger, like those used by some private enterprises or central bank digital currencies (CBDCs), where access and participation are restricted to chosen parties.
#OpenLedger
A General Category of Cryptocurrencies
A Specific, Lesser-Known Cryptocurrency (now rebranded)
Let's break down both meanings in detail.
1. As a General Category: "Open Ledger" Coins
In its broadest sense, an "open ledger coin" is any cryptocurrency that operates on a public, decentralized, and permissionless blockchain.
Key Characteristics:
Transparency (Open): The ledger (record of all transactions) is public and can be viewed by anyone. You can see every transaction that has ever happened on networks like Bitcoin or Ethereum using a block explorer.
Decentralization: The ledger is not controlled by any single entity (like a bank or government). It is maintained by a distributed network of computers (nodes) around the world.
Permissionless: Anyone can participate. You can download the software, run a node, send transactions, and (in many cases) help validate transactions (mine or stake) without needing approval from a central authority.
Prominent Examples of "Open Ledger Coins":
Bitcoin (BTC): The original and most famous open ledger. Its sole purpose is to be a peer-to-peer electronic cash system.
Ethereum (ETH): A more advanced open ledger that introduced smart contracts, allowing for decentralized applications (dApps) to be built on top of it.
Litecoin (LTC), Bitcoin Cash (BCH), and thousands of other altcoins all fall into this category.
The opposite would be a closed or permissioned ledger, like those used by some private enterprises or central bank digital currencies (CBDCs), where access and participation are restricted to chosen parties.
#OpenLedger
4. How To STORE BNB Safely
Exchange Wallet (Hot Wallet): Your BNB sits on the exchange (like Binance). Convenient for trading, but riskier for long-term storage because exchanges can be hacked. Only keep what you are actively trading here.
Software Wallet (Hot Wallet): Apps like Trust Wallet or MetaMask. You control your private keys. Safer than an exchange, but still connected to the internet. Perfect for regular use with dApps.
Hardware Wallet (Cold Wallet): Devices like Ledger or Trezor. This is the safest option for long-term storage. Your private keys are stored offline on the device, making them immune to online hacks.
Important Security Note: Never share your private keys or seed/recovery phrase with anyone. Legitimate projects and support will never ask for it. It is the master key to your funds.
Summary & Final Advice
Learn First: Understand what BNB is and what it's used for.
Choose a Platform: For beginners, Binance is the easiest place to buy.
Buy: Deposit fiat currency (like USD, EUR) and purchase BNB.
Secure It: For large amounts, transfer your BNB to your own private wallet (like Trust Wallet or a hardware wallet for maximum security).
Use It: Explore the world of BNB Smart Chain dApps, staking, and more.
Start small, do your own research (DYOR), and never invest more than you are willing to lose. The crypto market is highly volatile.
#BNB
Exchange Wallet (Hot Wallet): Your BNB sits on the exchange (like Binance). Convenient for trading, but riskier for long-term storage because exchanges can be hacked. Only keep what you are actively trading here.
Software Wallet (Hot Wallet): Apps like Trust Wallet or MetaMask. You control your private keys. Safer than an exchange, but still connected to the internet. Perfect for regular use with dApps.
Hardware Wallet (Cold Wallet): Devices like Ledger or Trezor. This is the safest option for long-term storage. Your private keys are stored offline on the device, making them immune to online hacks.
Important Security Note: Never share your private keys or seed/recovery phrase with anyone. Legitimate projects and support will never ask for it. It is the master key to your funds.
Summary & Final Advice
Learn First: Understand what BNB is and what it's used for.
Choose a Platform: For beginners, Binance is the easiest place to buy.
Buy: Deposit fiat currency (like USD, EUR) and purchase BNB.
Secure It: For large amounts, transfer your BNB to your own private wallet (like Trust Wallet or a hardware wallet for maximum security).
Use It: Explore the world of BNB Smart Chain dApps, staking, and more.
Start small, do your own research (DYOR), and never invest more than you are willing to lose. The crypto market is highly volatile.
#BNB
3. How To USE BNB
Once you have BNB, what can you do with it?
Pay for Transactions: Use it as "gas" to interact with thousands of dApps (decentralized applications) on the BNB Smart Chain.
Trade for Other Tokens: Use it to buy other cryptocurrencies on the Binance exchange or on DEXs like PancakeSwap.
Stake and Earn:
On Binance: Use their simple "Earn" products to lock your BNB and earn interest.
In DeFi: Provide liquidity to pools on PancakeSwap or lend your BNB on platforms like Venus to generate a yield.
Shopping: Some merchants and services (like TravelbyBit) accept BNB as payment.
#BNB
Once you have BNB, what can you do with it?
Pay for Transactions: Use it as "gas" to interact with thousands of dApps (decentralized applications) on the BNB Smart Chain.
Trade for Other Tokens: Use it to buy other cryptocurrencies on the Binance exchange or on DEXs like PancakeSwap.
Stake and Earn:
On Binance: Use their simple "Earn" products to lock your BNB and earn interest.
In DeFi: Provide liquidity to pools on PancakeSwap or lend your BNB on platforms like Venus to generate a yield.
Shopping: Some merchants and services (like TravelbyBit) accept BNB as payment.
#BNB
2. How To BUY BNB (Step-by-Step)
This is the most common meaning of your question. Here’s how to acquire BNB.
Method 1: On a Centralized Exchange (Easiest for Beginners)
The simplest way is to use an exchange like Binance, Coinbase, or Kraken.
Steps on Binance (the most direct platform for BNB):
Create an Account: Go to Binance.com and sign up. You'll need to complete identity verification (KYC).
Add Funds: Deposit money into your Binance account. You can do this via:
Bank Transfer (ACH/SEPA/etc.)
Debit/Credit Card (fastest but may have higher fees)
Buying another crypto (like USDT) and then swapping it for BNB.
Buy BNB:
Simple Mode: Go to "Buy Crypto" -> "Credit/Debit Card". Search for BNB and follow the instructions.
Spot Trading (Advanced): Go to "Trade" -> "Classic" or "Advanced" market. Search for the BNB/USDT trading pair. Place a market order (buys instantly at current price) or a limit order (set your desired price).
Method 2: On a Decentralized Exchange (DEX)
If you already have another cryptocurrency (like ETH or USDT), you can swap it for BNB without an account.
Get a Crypto Wallet: Download a non-custodial wallet like Trust Wallet or MetaMask. Write down your seed phrase and keep it safe!
Add BNB Smart Chain to Your Wallet: By default, MetaMask is set for Ethereum. You need to add the BSC network manually. You can find the correct settings (RPC URL, ChainID) easily with a quick web search for "MetaMask BNB Smart Chain setup".
Send Crypto to Your Wallet: Send your existing crypto (e.g., ETH) to your wallet's address.
Use a DEX: Inside your wallet (like Trust Wallet's "Swap" feature) or by connecting your wallet to a website like PancakeSwap, swap your crypto for BNB.
#BNB
This is the most common meaning of your question. Here’s how to acquire BNB.
Method 1: On a Centralized Exchange (Easiest for Beginners)
The simplest way is to use an exchange like Binance, Coinbase, or Kraken.
Steps on Binance (the most direct platform for BNB):
Create an Account: Go to Binance.com and sign up. You'll need to complete identity verification (KYC).
Add Funds: Deposit money into your Binance account. You can do this via:
Bank Transfer (ACH/SEPA/etc.)
Debit/Credit Card (fastest but may have higher fees)
Buying another crypto (like USDT) and then swapping it for BNB.
Buy BNB:
Simple Mode: Go to "Buy Crypto" -> "Credit/Debit Card". Search for BNB and follow the instructions.
Spot Trading (Advanced): Go to "Trade" -> "Classic" or "Advanced" market. Search for the BNB/USDT trading pair. Place a market order (buys instantly at current price) or a limit order (set your desired price).
Method 2: On a Decentralized Exchange (DEX)
If you already have another cryptocurrency (like ETH or USDT), you can swap it for BNB without an account.
Get a Crypto Wallet: Download a non-custodial wallet like Trust Wallet or MetaMask. Write down your seed phrase and keep it safe!
Add BNB Smart Chain to Your Wallet: By default, MetaMask is set for Ethereum. You need to add the BSC network manually. You can find the correct settings (RPC URL, ChainID) easily with a quick web search for "MetaMask BNB Smart Chain setup".
Send Crypto to Your Wallet: Send your existing crypto (e.g., ETH) to your wallet's address.
Use a DEX: Inside your wallet (like Trust Wallet's "Swap" feature) or by connecting your wallet to a website like PancakeSwap, swap your crypto for BNB.
#BNB
1. What is BNB Coin?
Before you do anything, it's crucial to understand what you're dealing with.
BNB stands for "Build and Build" (it originally stood for "Binance Coin").
It is the native cryptocurrency of the BNB Smart Chain (BSC), a major blockchain platform created by the cryptocurrency exchange Binance.
Primary Uses:
Paying for Fees: Its main job is to pay for transaction and smart contract fees on the BNB Smart Chain. These fees are much lower than on networks like Ethereum.
Binance Exchange: You can use it to pay for trading fees on the Binance exchange at a discount.
Token Sales: It's used to participate in new token sales on Binance's Launchpad.
Travel & Payments: It can be used to book travel and pay for certain goods and services.
Staking & Earning: You can stake BNB to earn rewards or use it in various DeFi applications (like lending, borrowing, and yield farming).
#BNB
Before you do anything, it's crucial to understand what you're dealing with.
BNB stands for "Build and Build" (it originally stood for "Binance Coin").
It is the native cryptocurrency of the BNB Smart Chain (BSC), a major blockchain platform created by the cryptocurrency exchange Binance.
Primary Uses:
Paying for Fees: Its main job is to pay for transaction and smart contract fees on the BNB Smart Chain. These fees are much lower than on networks like Ethereum.
Binance Exchange: You can use it to pay for trading fees on the Binance exchange at a discount.
Token Sales: It's used to participate in new token sales on Binance's Launchpad.
Travel & Payments: It can be used to book travel and pay for certain goods and services.
Staking & Earning: You can stake BNB to earn rewards or use it in various DeFi applications (like lending, borrowing, and yield farming).
#BNB
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CAUTION REGARDING RISKS OF VIRTUAL CURRENCIES In Pakistan
Public Notice
CAUTION REGARDING RISKS OF VIRTUAL CURRENCIES
General Public is advised that Virtual Currencies/Coins/Tokens (like Bitcoin, Litecoin, Pakcoin,
OneCoin, DasCoin, Pay Diamond etc.) are neither recognized as a Legal Tender nor has SBP
authorized or licensed any individual or entity for the issuance, sale, purchase, exchange or
investment in any such Virtual Currencies/Coins/Tokens in Pakistan. Further, Banks/ DFIs/
Microfinance Banks and Payment System Operators (PSOs)/ Payment Service Providers (PSPs) have
been advised not to facilitate their customers/account holders to transact in Virtual Currencies/ Initial
Coin Offerings (ICOs) /Tokens vide BPRD’s Circular No. 03 of 2018.
Virtual Currencies/Coins/Tokens provide high degree of anonymity and potentially can be used for
facilitating illegal activities. Also due to the ambiguous nature of Virtual Currencies, no legal protection
or recourse is available to any individual in the event of a loss incurred due to any or all of the following
risks:
a) High price volatility as investments tied to Virtual Currencies are highly unstable and are
primarily based on speculations;
b) Failure/closure of Virtual Currency exchanges/businesses due to any reason including action by
law enforcement agencies; and
c) Hacking/security compromises of crypto currency exchanges and wallet businesses as a number
of instances have been recorded around the world where huge amount of funds have been lost due
to the exchange/wallet operations being hacked/compromised.
Further, Fraudsters are also offering pyramid style investment schemes and coins and promising high
returns (similar to Ponzi schemes) to the general public in Pakistan. This can cause significant loss to the
General Public.
General Public is advised that domestic and international payment and money transfer services in
Pakistan are regulated by SBP under the applicable laws. In this regard, no entity is currently licensed or
authorized by SBP to offer money remittance services and products in Pakistan using Virtual Currencies/
Coins/Tokens. Persons using Virtual Currencies/ Coins/Tokens for the purpose of transferring value
outside Pakistan are subject to prosecution as per the applicable laws.
In view of the above, the General Public in their own interest is advised to be cautious of and refrain from
indulging in activities relating to mining, trading, exchanging, transferring value, promoting and investing
of Virtual Currencies/Coins/Tokens to avoid any potential financial loss and legal implications.
For further information, please contact:
Mr. Abid Qamar
Director
External Relations Department
State Bank of Pakistan
follow me
CAUTION REGARDING RISKS OF VIRTUAL CURRENCIES
General Public is advised that Virtual Currencies/Coins/Tokens (like Bitcoin, Litecoin, Pakcoin,
OneCoin, DasCoin, Pay Diamond etc.) are neither recognized as a Legal Tender nor has SBP
authorized or licensed any individual or entity for the issuance, sale, purchase, exchange or
investment in any such Virtual Currencies/Coins/Tokens in Pakistan. Further, Banks/ DFIs/
Microfinance Banks and Payment System Operators (PSOs)/ Payment Service Providers (PSPs) have
been advised not to facilitate their customers/account holders to transact in Virtual Currencies/ Initial
Coin Offerings (ICOs) /Tokens vide BPRD’s Circular No. 03 of 2018.
Virtual Currencies/Coins/Tokens provide high degree of anonymity and potentially can be used for
facilitating illegal activities. Also due to the ambiguous nature of Virtual Currencies, no legal protection
or recourse is available to any individual in the event of a loss incurred due to any or all of the following
risks:
a) High price volatility as investments tied to Virtual Currencies are highly unstable and are
primarily based on speculations;
b) Failure/closure of Virtual Currency exchanges/businesses due to any reason including action by
law enforcement agencies; and
c) Hacking/security compromises of crypto currency exchanges and wallet businesses as a number
of instances have been recorded around the world where huge amount of funds have been lost due
to the exchange/wallet operations being hacked/compromised.
Further, Fraudsters are also offering pyramid style investment schemes and coins and promising high
returns (similar to Ponzi schemes) to the general public in Pakistan. This can cause significant loss to the
General Public.
General Public is advised that domestic and international payment and money transfer services in
Pakistan are regulated by SBP under the applicable laws. In this regard, no entity is currently licensed or
authorized by SBP to offer money remittance services and products in Pakistan using Virtual Currencies/
Coins/Tokens. Persons using Virtual Currencies/ Coins/Tokens for the purpose of transferring value
outside Pakistan are subject to prosecution as per the applicable laws.
In view of the above, the General Public in their own interest is advised to be cautious of and refrain from
indulging in activities relating to mining, trading, exchanging, transferring value, promoting and investing
of Virtual Currencies/Coins/Tokens to avoid any potential financial loss and legal implications.
For further information, please contact:
Mr. Abid Qamar
Director
External Relations Department
State Bank of Pakistan
follow me
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Doge Signal
Entry Price 0.32$
Take Profit 0.34$
stop lose 0.319$
Enjoy
Entry Price 0.32$
Take Profit 0.34$
stop lose 0.319$
Enjoy
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