What Is Binance Coin? Is It Good For Investment?

Binance Coin (BNB)

Binance is a most popular decentralised cryptocurrency after Bitcoin and Ethereum. Binance is getting popularity due to Ethereum high fees. We are here with some important information about Binance and its future.

Binance is a cryptocurrency mady by Binance exchange on around 2017. Binance is listed many exchanges and trade with BNB symbol. Today we are sharing on article What is Binance Coin? How To Invest Binance Coin and is it a good Investment?

What Is Binance Coin ( BNB )?

Whst is Binance
Binance Coin

Binance Coin is a decentralised cryptocurrency Is built on Ethereum ERC-20 blockchain. Binance is become largest cryptocurrency exchange due to Ethereum high trade fees. As of July 2021, Binance handling over 1.4 million transaction per second.

Binance is a decentralised trading exchange platform is founded by Changpeng Zhao in 2017. It offered 10% BNB token to investors, 40% tokens to the founding team, and the remaining 50% to the participants through the ICO process.

In 2017, after BNB listed, its price was around $0.1 . It was not performed very well of its initial stage. After a long time the real growth was seen on January 2021, Its price has touched around $35. In May 2021, it reached above $600.

What Is Binance Smart Chain (BSC)?

In September 2020, Binance announced new crypto currency called Binance Smart Chain (BSC). It is made to handle trading pairs with low trading fees than competitors.

After Ethereum blockchain causing congestion, slow transactions and high transaction fees people looking an alternative defi platform. Binance Smart Chain (BSC) become popular for Ethereum high trading fees and provides low trading fees. In June 2021, Binance Smart Chain processing 3.7 millions transaction per second.

Where Can I Invest Binance Coin ?

Binance is a decentralised crypto coin and its become to 4 Cryptocurrency in the market. Binance has listed on many exchange and can be invest there. Buy and Invest Binance coin on Binance or Coinbase exchange.

How Can I Buy Binance Coin BNB In India?

To buy any cryptocurrency you need a crypto exchange wallet. You can buy Binance Coin easily like Bitcoin, Ethereum in India. WazirX and CoinSwith is most popular crypto exchange in India. CoinSwith and WazirX has the same process to buy a crypto.

  1. After register on WazirX or CoinSwith complete your kyc to invest on crypto.
  2. After that, add your Bank details and Deposit money to buy Binance or other crypto.
  3. Now search Binance or any other Crypto name which you want to invest.
  4. Now add Binance coin according to your budget.

Final Words :
Binance is a decentralised and fourth biggest crypto exchange in the world. In this article you have learned what is Binance coin?. History of Binance and the future and investment of Binance coin. If you love the article comment to our below comment section.


Binance BNB – FAQ

1. What is Binance Coin?
Binance is a cryptocurrency made by Binance exchange on around 2017.

2. Who Is The Founder Of Binance?
Changpeng Zhao is the founder and CEO of Binance.

3. How To Mine Binance Coin?
BNB token supply is capped at 200 million. BNB tokens cannot be mined.

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