Binance Coin

When I sell a coin on Binance where does it go ?

Binance Coin (BNB) is the cryptocurrency of the Binance platform. The name »Binance » is a combination of finance and binary. As of 2019, many companies accept BNB for a form of payment. Binance coin is an electronic money issued by the cryptocurrency market Binance.

Binance features a robust matching engine that can manage 1,400,000 orders/second. This makes Binance one of the quickest cryptocurrency exchanges on the industry. Binance Coin had a market cap of roughly $1.4 billion through early April 2018. At present, it doesn’t provide exchange against fiat currencies and trade at BNB is possible only through cryptocoins such as bitcoin or even ether tokens.

The near future of Binance (BNB)

These Assets are usually on offer for eth or bitcoin and for Binance’s own market, BNB, that has some preferential treatment on the exchange by having its own trading tab along with numerous trading pairs.

Binance will also launching its own decentralized exchange (DEX) in which the company intends to utilize BNB tokens to power the new crypto trading platform. Reportedly, the Binance management group will not have a lot of control on whether or not a coin gets recorded on its new DEX. On the other hand, the need to list coins or tokens on Binance’s DEX is going to be the same as those outlined for your company’s centralized market.

Binance ran its third burn event — reducing the total source of its native token, Binance Coin (BNB), by 2.2 million ($30 million equivalent). The volume and price movements prior to and after the Binance Coin burn occasion saw a rise in volatility, which willing and expert traders took advantage of. As history will repeat itself, and the following burn off is coming up on July 15th, can it be a fantastic idea to capitalise on those events?

The most convenient method to purchase BNB is within the incorporated exchange on Binance.com itself. After enrolling in your Binance.com account, simply go to a few of these links, which will bring you directly to the according trading pair within the fundamental Binance.com exchange.

However, for the sake of getting in on a fantastic price, I’d recommend buying Bitcoin or Litecoin in order to swap it for BNB. The liquidity to get Bitcoin is the greatest as observed by its everyday trading volume around Coin Market.

When I sell a coin on Binance where does it go ?
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