Binance Smart Chain is a centralized version of ETH. Binace Coin (BNB) is a cryptocurrency that can be used to trade and pay fees on the Binance cryptocurrency exchange. BNB can also be exchanged or traded for other cryptocurrencies such as Bitcoin. Operating on blockchain technology, bitcoin is set to disrupt the currency market.

Website https://www.binance.com/en/bnb

Binance Coin (BNB) is the utility token on the mainstream cryptocurrency exchange Binance. Traders can utilize the token to pay expenses on the stage, and developers can utilize it to control applications on the Binance Smart Chain.

Binance Coin (BNB) is a cryptocurrency and the native currency of the Binance exchange. It has many similarities to Bitcoin: supply, volume traded, and market capitalization. However, unlike Bitcoin, which was designed to be a peer-to-peer electronic cash system for retail purchases, Binance Coin is designed primarily as a means of accessing the Binance platform and holding funds on it.

BNB (Binance Coin) is a cryptocurrency created by Binance, one of the world’s largest crypto exchanges. Initially launched in 2017 as an ERC-20 token on Ethereum, BNB later migrated to Binance’s blockchain, Binance Chain (now BNB Smart Chain). It serves multiple purposes, including:

Reducing trading fees on Binance (users get discounts when paying with BNB).

Powering transactions on BNB Smart Chain (a popular platform for DeFi and dApps).

Participating in token sales via Binance Launchpad.

Paying for goods and services (many merchants accept BNB).

BNB also follows a burn mechanism, where Binance periodically destroys coins to reduce supply and increase scarcity. While originally tied to Binance, BNB has grown into a major cryptocurrency, ranking among the top by market cap.