Binance Coin (BNB) is the native cryptocurrency of the Binance Chain and the Binance Smart Chain. The Binance Coin powers the Binance ecosystem and is used to pay for transaction fees on the Binance exchange and as gas for the Binance Chain and the Binance Smart Chain (BSC) .
Read moreWhy is crypto more expensive on Binance?
Trading Fees The higher the transaction, the higher the fee . One way to lower your trading fee is to keep some Binance Coin in your account at all times so your fees can be taken from that.
Read moreWhy is Binance Coin so popular?
Binance Coin has a lot of things going for it. Not only is it the token for a popular cryptocurrency exchange, it’s also a programmable crypto, so a number of applications and other cryptocurrencies are built on its network .
Read more