facebookAnyone heard of Binance and invested in crypto's through their platform. Is their new coin worth the hype? - Seedly

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Anonymous

20 Oct 2020

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Cryptocurrency

Anyone heard of Binance and invested in crypto's through their platform. Is their new coin worth the hype?

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Mike Ferrer

20 Aug 2019

Head of Community, Southeast Asia at Chainlink Labs

Currently, in the crypto industry, Binance is known as the mother of all liquidity. It has the most altcoins (alternative coins to Bitcoin) and other sorts of random coins, or exotic assets which helped it gain prominence in the space by listing as many of them as possible. The main use case for BNB is to offset trading fees when trading on the Binance exchange.

You can learn more about Binance Coin (BNB) here:

https://www.coindesk.com/information/what-is-bi...

https://www.binance.com/resources/ico/Binance_W...

https://www.binance.vision/blockchain/what-is-b...

https://www.theblockcrypto.com/2019/02/21/so-is...

https://changelly.com/blog/what-is-binance-bnb/

Yes, Binance is one of the largest and most recognised exchange platform for cryptocurrencies. In fact, just recently they started a Singapore Binance Platform (i.e. you can purchase cryptocurrencies in SGD). The platform allowed for trading of Bitcoin, Ethereum, Binance Coin, Litecoin and Bitcoin Cash ABC. I like using this platform as the transaction fee is pretty low at 0.1%. If you are keen can use my referral code 35007472 to sign up and we will both be able to get SGD $20!

Basically Binance is a platform similar to coinbase or bitrex or bitfinex, except that it successful...

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