A bitcoin backed loans secured by cryptocurrency work like a regular loans: the borrower borrows money for a set period and pledges value, in our case, cryptocurrency. When the term expires, the borrower is obliged to return the loan amount and interest in the same currency in which he borrowed it. A relevant question is Continue Reading

Binance Coin is used to pay for trading fees on the platform, and it can also be used to purchase other cryptocurrencies. Its tokenomics are designed to stimulate the growth of its network by incentivizing users with lower trading fees and other discounts when they use it as a payment method. Additionally, Binance Coin holders Continue Reading

Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol. BNB was initially based on the Ethereum network but is now the native currency of Binance’s own blockchain, the Binance chain. Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or “burn,” Binance coins held Continue Reading

What Is Binance Coin (BNB)? The Binance Coin (BNB) is a cryptocurrency issued by the Binance Exchange. As of Q2 2022, the Binance Exchange is the largest cryptocurrency exchange in terms of volume, with $7.6 billion in trades. Understanding Binance Coin (BNB) The Binance coin (BNB) was originally established on the Ethereum blockchain with ERC Continue Reading