What is Binance Coin used for?

The coin is used as a utility token for the Binance exchange and allows users to pay for transactions and trading fees at a lower rate than they would be with other tokens. Binance uses the process of token “burns,” meaning they use the profit from token sales to repurchase more BNB and then burn (destroy) them.27 Eki 2021

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How much are Binance fees?

At a Glance Cryptocurrency Exchange PlatformsBinanceFees0.015% to 0.10% purchase and trading fees, 3.5% or $10 whichever is higher for debit card purchases, or $15 per U.S. wire transferNumber of cryptocurrencies supportedOver 500 for global traders on Binance. 60 available for U.S. investors on Binance.USBinance vs. Coinbase: Which Should You Choose? – Investopedia www.investopedia.com › binance-vs-coinbase-5120852

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