What Is Binance Coin (BNB) and How Does it Work?

Binance Coin (BNB) is the cryptocurrency of the Binance exchange. It can be used to trade for other cryptocurrencies on the Binance exchange and can also be used to pay transaction fees on the exchange for a discounted rate. The Binance exchange is a centralized cryptocurrency exchange that allows users to trade cryptocurrencies with one another. The Binance Coin (BNB) can also be bought and sold on other cryptocurrency exchanges. Binance Coin Benefits and Drawbacks Benefits of Binance Coin (BNB):…