What currency is bnb What is bnb?
Jul 04, 2025 pm 12:18 PMThis article will introduce the core values ??and uses of BNB (Binance Coin) in detail, and sort out a list of top cryptocurrency exchanges for you. With this guide, you can have a clear understanding of what BNB is and where reliable platforms can be traded and invested.
What is BNB
BNB, full name Binance Coin, was originally a platform token issued by Binance Exchange. With the development of the Binance ecosystem, BNB has evolved into a native functional token of BNB Chain (including BNB smart chain and BNB beacon chain), and its purpose is far beyond the original idea.
Main uses include:
Transaction fee discount: On Binance Exchange, you can enjoy discounts when paying transaction fees using BNB.
BNB Chain Fuel: As a Gas fee for BNB Smart Chain (BSC), it is used to pay for network operations such as transfer and performing smart contracts.
Participate in Launchpad: Holding BNB can participate in the New Coin Issuance (IEO) on Binance Launchpad to gain opportunities to invest in early stage projects.
Payment and Consumption: Globally, more and more online and offline merchants accept BNB as a payment method.
Top cryptocurrency exchange recommendations
Choosing a safe, reliable and powerful exchange is the first step into the crypto world. The following is the ranking of top exchanges that take into account transaction volume, security, user experience and asset types.
1. Binance
As the world's largest cryptocurrency exchange, Binance is the preferred platform for trading BNB. It is not only the issuer of BNB, but also has the deepest liquidity of BNB trading pairs. The platform provides a variety of trading products such as spot, futures, options, etc., and its ecosystem (BNB Chain, Launchpad) provides strong value support for BNB.
2. Ouyi (OKX)
OKX is another world-leading cryptocurrency exchange known for its comprehensive product line and strong technical strength. The platform offers transactions in hundreds of cryptocurrencies, including BNB. Its Web3 account and financial service functions are very complete, providing users with a one-stop crypto financial experience.
3. Huobi
Huobi is a long-standing exchange with a huge Asian user base. The platform is known for its robust operation and good security. Huobi has listed mainstream and emerging crypto assets including BNB, providing a wealth of trading pairs and financial derivatives.
4. Gate.io (Sesame Open Door)
Gate.io is known for its massive currency selection and is known as the "treasure of altcoins". In addition to mainstream assets such as BNB, users can find many early and promising new projects here. Gate.io is an excellent choice for investors looking to explore a wider range of crypto assets.
5. KuCoin
KuCoin is also popular for its rich currency and user-friendly interface. It is called "the people's exchange" by many because it often lists emerging projects with potential. The platform also supports BNB's trading and provides a variety of financial management and trading tools.
6. Kraken (K.com)
Kraken is one of the oldest and most respected exchanges in the cryptocurrency field, and enjoys a high reputation in the European and American markets. It is known for its top-notch security measures and compliance and is ideal for security-first investors. The platform provides BNB transactions and gains user trust for its reliability.
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